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    9 Best Fiat To Crypto Exchanges For 2023

    Updated: Nov 30th, 2022
    Kevin Groves
    Kevin Groves
    9 Best Fiat To Crypto Exchanges For 2023

    The first step to owning cryptocurrency is to find a reputable fiat to crypto exchange to convert cash into Bitcoin or other digital coins. We have compared over 100 crypto exchanges and rated the top platforms below. Our assessment is based on assessing the available assets, supported currencies, deposit methods, trading fees, security and more.

    Best Fiat To Crypto Exchanges 2023

    Based on our reviews, these are the top fiat-to-cryptocurrency exchanges:

    1. Binance (best overall fiat exchange for low fees)
    2. Coinbase (best fiat to crypto platform for beginners)
    3. eToro (best fiat exchange for social trading)
    4. Crypto.com (best for mobile app)
    5. CEX.IO (best for credit cards)
    6. Coinmama (best for payment options)
    7. Changelly (best for instant swaps)
    8. ChangeNOW (best for instant swaps)
    9. FTX (best for advanced users)

    This post contains affiliate links with our partners who may compensate us. Read our disclaimer for further information.

    Top Fiat-to-Crypto Exchanges - Reviewed

    1. Binance - Overall Best Fiat-to-Crypto Exchange With Low Fees

    Binance is a great fiat to a cryptocurrency exchange that is filled with features that will suit a broad range of investors and traders alike. For beginners and serious crypto traders, the offering of products and services on Binance is second to none. Binance offers one of the largest selections of cryptos that can be bought with 60+ fiat currencies including 391 supported coins at the time of writing. The platform is super beginner-friendly, easy to use and offers a massive range of cryptocurrency pairs, innovative products, features, competitive fees and responsive customer support. Moreover, new customers are entitled to claim up to $50 for free using a Binance referral code. The funds can then be used to purchase crypto on the exchange.

    https://binance.com
    HedgewithCrypto Score
    HedgewithCrypto Score
    4.8/5Our ratings take into account the ease of use, fees, deposit methods along with the exchange's reputation. All ratings are determined solely by our editorial team.
    StarStarStarStarEmpty Star
    Trading Fees:0.1%
    Country:Global (USA allowed)
    Currency:AUD, USD, EUR, GBP, SGD & UGX
    Promotion:Up to $100 welcome bonus
    Ease of useStarStarStarStarEmpty Star
    ReputationStarStarStarStarStar
    Deposit methodsStarStarStarStarEmpty Star
    FeesStarStarStarStarStar

    Since its inception in 2017, Binance has become the largest cryptocurrency exchange in the world by trade volume. Binance has attracted millions of users in multiple countries across the world and is often applauded for being one of the best trading apps for crypto. The exchange is also featured in advertising campaigns all over the world to attract new users to its platform.

    The fees on Binance for converting fiat to crypto range between 0% and 0.1% which is excellent value for money. There is a further discount of 25% for staking BNB tokens or increasing trading volume. For Bitcoin trading pairs, there are even zero fees making Binance one of the best crypto exchanges with no fees.

    Another reason to consider Binance is the financial services and features that can be used after purchase to get the most out of an investment. Binance Earn is the finance section of the website that lets investors earn interest on deposits. In fact, Binance is one of the best crypto yield platforms due to its wide selection of coins and high-interest products such as savings accounts, DeFi farms, yield and staking pools and even cloud mining.

    binance websitebinance website

    To round off why Binance is one of the top crypto to fiat exchanges is its mobile app. Available for both iOS and Android devices, the Binance app is packed with all of the features available on the desktop version. This includes creating an account, completing ID verification, depositing fiat currency, buying crypto, and tracking and monitoring the prices of each trade. Overall, Binance is a recommended exchange to buy crypto.

    2. Coinbase - Best Fiat-to-Crypto Exchange For Beginners

    Coinbase is the most popular crypto exchange in the world that is available in over 100 countries. Founded in June of 2012, Coinbase is a digital currency wallet and trading platform where merchants and consumers can transact with new digital currencies like Bitcoin, Ethereum, and Litecoin. 

    https://coinbase.com
    HedgewithCrypto Score
    HedgewithCrypto Score
    4.7/5Our ratings take into account the ease of use, fees, deposit methods along with the exchange's reputation. All ratings are determined solely by our editorial team.
    StarStarStarStarEmpty Star
    Trading Fees:0.5%
    Country:Worldwide
    Currency:USD, GBP, EUR, CAD, SGD, NZD & AUD
    Promotion:$5 BTC bonus (USA only)
    Ease of useStarStarStarStarStar
    ReputationStarStarStarStarStar
    Deposit methodsStarStarStarStarEmpty Star
    FeesStarStarStarStarEmpty Star

    Coinbase is one of the best exchanges for crypto as it has revolutionized the digital currency environment by providing a simple and easy-to-use platform for individuals and institutions to buy, trade, store and sell digital assets such as Bitcoin, Ethereum, XRP, Litecoin, Shiba Inu and 250+ other coins. The overall experience is quick and easy to track a crypto portfolio and monitor live prices.

    The onboarding process is simple and is undoubtedly one of the best ways of buying Bitcoin with its variety of payment methods for different fiat currencies such as USD, GBP, EUR and AUD. Funds can be allocated to a trading account using a bank account, credit card and debit card. The fees are quite expensive at 3.99% for using a debit card, however, funds that are stored with Coinbase are covered by an insurance policy.

    coinbase websitecoinbase website

    The only negative with Coinbase is the fees which start from 0.5% per buy and sell transaction back to fiat. There are discounts available for higher trading volumes but this may not be applicable to new or beginner investors with a small amount of fiat to spend. There is the option of using the advanced Coinbase Pro platform to access fees of 0.6% for makers and 0.4% for makers. In addition, there are additional payment fees such as USD 10 and USD 25 for deposits and withdrawals using a wire transfer.

    3. eToro - Best For Social Trading

    eToro is a global financial brokerage that provides financial trading and investing platform that includes a variety of markets such as Crypto, ETFs, Stocks, Indices, Commodities and Forex. Etoro was established in 2007 and has grown into a popular online fiat to crypto platform that is highly visual, intuitive and beginner-friendly. The broker is used by millions of investors and traders across multiple jurisdictions in the world.

    https://etoro.com
    HedgewithCrypto Score
    HedgewithCrypto Score
    4.6/5Our ratings take into account the ease of use, fees, deposit methods along with the exchange's reputation. All ratings are determined solely by our editorial team.
    StarStarStarStarEmpty Star
    Trading Fees:1%
    Country:Global (USA allowed)
    Currency:USD, GBP, EUR, AUD
    Promotion:None available at this time
    Ease of useStarStarStarStarEmpty Star
    ReputationStarStarStarStarEmpty Star
    Deposit methodsStarStarStarStarEmpty Star
    FeesStarStarStarStarEmpty Star
    Visit eToro

    Disclaimer: 78% of retail CFD accounts lose money

    Read our full eToro Review

    The exchange supports a wide range of fiat payment options to buy crypto including credit/debit card, PayPal, Skrill, Wire Transfer, WebMoney, WeChat, UnionPay and others depending on the user's location. eToro does not charge a deposit fee. However, there is a $5 fee for withdrawals in which the minimum withdrawal amount is $50.

    There are traditional assets and 94 cryptocurrency pairs that can be traded against altcoins or fiat currencies. Investors in the US and the UK can purchase the actual crypto-asset whereas investors in other regions such as Europe and Australia can buy CFDs with fiat currency only.

    etoro websiteetoro website

    eToro is a leading social trading platform that offers cryptocurrency, stocks and CFD trading. Users on the platform can connect with like-minded traders and join a community to discuss trading strategies or automatically copy-trade successful traders and portfolios.

    In addition, eToro offers a crypto staking platform for individuals to get the most out of their crypto investments. Once the investors has bought crypto, they can store it on the eToro platform to earn staking rewards. Some of the supported coins for staking include Cardano (ADA), Tron (TRX) and Ethereum 2.0 (ETH2.0). Users can automatically earn up to 90% of the staking rewards depending on their account level.

    Lastly, eToro charges a flat 1% fee for buying and selling cryptocurrency with fiat money. This is in addition to the spread fees which can vary for each of the supported crypto-assets. In comparison to other crypto exchanges, the eToro fee is a little higher compared to Binance and Coinbase but makes this list of the best fiat to crypto exchanges due to its ease of use and social trading.

    4. Crypto.com - Best Fiat to Crypto Mobile App

    Crypto.com is a digital asset platform that offers several cryptocurrency products and services in an effort to increase the adoption of crypto on a global scale. With over 10 million users on its platform, Crypto.com is a powerful alternative to traditional financial services that makes it easier to obtain cryptocurrencies using its mobile app. The Crypto.com App can be used to buy, sell, trade, store, earn, loan cash and spend crypto on its debit card.

    https://crypto.com
    HedgewithCrypto Score
    HedgewithCrypto Score
    4.5/5Our ratings take into account the ease of use, fees, deposit methods along with the exchange's reputation. All ratings are determined solely by our editorial team.
    StarStarStarStarEmpty Star
    Trading Fees:None (3.5% surcharge for credit card)
    Country:Global (USA Allowed)
    Currency:USD, EUR, GBP, AUD and 16 others
    Promotion:None available at this time
    Ease of useStarStarStarStarEmpty Star
    ReputationStarStarStarStarEmpty Star
    Deposit methodsStarStarStarStarEmpty Star
    FeesStarStarStarStarEmpty Star

    Crypto.com App is available for Android and iOS mobile devices and provides and makes it easy to purchase crypto. The app is available worldwide to purchase cryptocurrency using a debit card or credit card including US residents. Accepted countries include the USA, Australia, Singapore, the UK and several jurisdictions within Europe.

    The reason the Crypto.com App is a top exchange for buying crypto is buying and selling over 250 cryptos at true cost. For those looking to buy crypto with no fees, this is the app to use which is available in over 100 countries worldwide using 20+ fiat currencies. The most common methods to deposit fiat include bank transfers and credit/debit cards which have 0% fees at the time of writing.

    Buy crypto with fiat at true cost on Crypto.comBuy crypto with fiat at true cost on Crypto.com

    Similar to Binance, Crypto.com App is highly visual and easy to use which makes it suitable for all crypto investors to access, manage, and view funds at any time. Moreover, investors can deposit their crypto holdings to automatically accrue interest. To this point, Crypto.com is highly regarded as one of the best places to earn interest on crypto with up to 6% P.A on Bitcoin, Ethereum and 10% on stablecoins such as Tether and USD Coin. The rewards are paid weekly directly into the user's wallet.

    In short, Crypto.com App is a legitimate platform for mobile devices that allows investors all around the world to easily and securely obtain cryptocurrencies such as Bitcoin and Ethereum with a debit/credit card.

    5. CEX.IO - Top Fiat to Crypto Platform For Beginners

    CEX.IO was established in 2013 and is one of the oldest cryptocurrency exchanges in the world that is trusted by over 3 million users. It is a world-class exchange that caters to all with its easy-to-use interface, making it ideal for beginners. The exchange provides a multi-level account system that is highly suitable for beginners and astute investors.

    https://cex.io/
    HedgewithCrypto Score
    HedgewithCrypto Score
    4.2/5Our ratings take into account the ease of use, fees, deposit methods along with the exchange's reputation. All ratings are determined solely by our editorial team.
    StarStarStarStarEmpty Star
    Trading Fees:0.25% / 0.15%
    Country:Global (USA allowed)
    Currency:USD, GBP, EUR & RUB
    Promotion:None available at this time
    Ease of useStarStarStarStarEmpty Star
    ReputationStarStarStarStarEmpty Star
    Deposit methodsStarStarStarStarEmpty Star
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    Individuals can buy Bitcoins instantly using the website or mobile app which is available on iOS and Android. With its supporting multiple payment methods, including credit cards, debit cards, bank transfers, Skrill and more, CEX.IO is considered to be one of the best platforms for crypto trading.

    The exchange offers a wide variety of products and trading tools to buy crypto-assets such as Bitcoin (BTC), Bitcoin Cash (BCH), Cardano (ADA), Ethereum (ETH), XRP, Stellar (XLM), Litecoin (LTC), Tron (TRX), Solana (SOL) and many others.

    cex.io websitecex.io website

    CEX.IO users have access to several features such as:

    • Quick and easy to purchase and sell crypto
    • Deposit fiat using a credit/debit card, bank transfer and Skrill
    • High liquidity order-book with low spreads
    • Secure wallet using offline cold storage measures
    • Mobile app with the Instant Exchange and Instant Sell services. The latter is unique to the platform which allows users to sell coins instantly withdraw fiat profits to a VISA or Mastercard or to CEX.IO balance
    • Allows residents in the US to buy crypto with credit cards
    • CEX.IO Staking to increase returns by cryptocurrency staking on the exchange

    CEX.IO prides itself on stability to provide trouble-free service backed by a system and user account security, safe cold cryptocurrency storage, financial viability, and profound legal compliance. To date, it is a reliable and safe cryptocurrency exchange with no hacked accounts or theft of funds on CEX.IO since its launch.

    6. Coinmama - Best For Fiat Deposit Methods

    Coinmama provides a fast, safe and easy way to buy digital currency in almost all countries across the globe apart from a select few. The exchange provides the service to buying Bitcoin, Ethereum, Cardano and other cryptocurrencies using fiat such as AUD, EUR, USD and GBP and CAD. 

    Trading Fees:2% to buy
    Country:Global (US Allowed)
    Currency:USD, EUR, GBP, AUD, CAD, JPY
    Promotion:None available at this time
    Ease of useStarStarStarStarEmpty Star
    ReputationStarStarStarEmpty StarEmpty Star
    Deposit methodsStarStarStarStarEmpty Star
    FeesStarStarStarEmpty StarEmpty Star

    Coinmama is a fiat-to-crypto exchange that allows individuals to buy cryptocurrencies using local fiat currency. The platform accepts a wide variety of deposit methods to buy Bitcoin such as using a VISA or Mastercard credit and debit card, bank transfer, Apple Pay, Credit card/debit cards and SWIFT. 

    The user experience on Coinmama has been carefully thought out and is designed to suit all types of individuals with various levels of investing knowledge. The website provides simple options to purchase Bitcoin or another cryptocurrency for a set price or choose the exact amount to spend.

    coinmama websitecoinmama website

    A great feature of Coinmama is that it is a non-custodial exchange. Brokers such as Coinmama are one of the safest places to buy cryptos such as Bitcoin and Ethereum. This is because the platform does not store any customer's funds or digital assets. Customers are required to provide a wallet address before completing the transaction. Once the payment is provided, the coins are delivered straight to the user's wallet address eliminating the risk of hackers stealing the funds.

    Coinmama fees are based on a Bitcoin Index that provides a reference rate for the prices of each supported asset. The purchase fees include a 2% premium on top of the Bitcoin Index price and commission fees up to 3.9% depending on the payment method. For credit card, debit card, prepaid and virtual card payments, there is a 5% surcharge for fixed-rate instant purchases. There are no added fees for bank transfers. The final trade fee is displayed on the screen before the transaction is confirmed.

    7. Changelly - Best Fiat To Crypto Exchange For Credit Cards

    Changelly is an instant cryptocurrency exchange that allows customers to buy cryptocurrency fast with a bank card. The digital service searches for the best crypto prices available across the largest cryptocurrency exchange platforms such as Binance, Poloniex and Bittrex.

    https://changelly.com/
    HedgewithCrypto Score
    HedgewithCrypto Score
    4.2/5Our ratings take into account the ease of use, fees, deposit methods along with the exchange's reputation. All ratings are determined solely by our editorial team.
    StarStarStarStarEmpty Star
    Trading Fees:0.25%
    Country:Global (USA allowed)
    Currency:USD, EUR, GBP, AUD, & 55 others
    Promotion:None available at this time
    Ease of useStarStarStarStarEmpty Star
    ReputationStarStarStarStarEmpty Star
    Deposit methodsStarStarStarStarEmpty Star
    FeesStarStarStarEmpty StarEmpty Star

    Changelly is one of the most popular trading platforms in the world that offers a transparent, simple, quick and user-friendly interface to buy or exchange cryptocurrencies which is evident on the home page. The simple interface will suit a variety of cryptocurrency investors from beginners to experienced.

    The platform is also widely known for its instant crypto-to-crypto service. The popular crypto swap website has gained the trust of users over several years by providing a stable, transparent, fast and user-friendly interface to swap crypto assets quickly to another and also buy crypto with a debit or credit card.

    changelly websitechangelly website

    Changelly uses a trading algorithm that integrates into some of the largest cryptocurrency exchanges today to aggregate the best crypto rates. When a user selects a trading pair to exchange, the platform will search its liquidity partners to find the best available exchange rates for the selected pair. The conversion rate is locked in until the transaction is confirmed on the blockchain. The nature of the platform allows Changelly users to find the best price across multiple exchanges.

    Once the transaction is completed, the assets are transferred directly to the provided wallet address. Changelly provides the infrastructure to support the exchange of coins, however, does not store or keep the assets on its exchange. This provides a safe and secure environment as there is no risk of losing the private keys to Bitcoin or another asset trading on the platform.

    8. ChangeNOW

    ChangeNOW is another popular crypto swap platform similar to Changelly that allows the instant exchange one crypto to another. With over 170 different cryptocurrencies on the platform, users are able to trade digital currencies at any time in a safe way as the crypto coins are sent directly to your hardware wallet.

    Trading Fees:From 0.5%
    Country:Global (USA not allowed)
    Currency:USD, GBP, AUD, NZD, JPY, EUR & others
    Promotion:None available at this time
    Ease of useStarStarStarStarEmpty Star
    ReputationStarStarStarStarEmpty Star
    Deposit methodsStarStarStarStarEmpty Star
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    ChangeNOW provides the best crypto-to-crypto rates by aggregating prices from the world's largest and most popular exchanges (some are mentioned in this article). Once the best price for the particular asset is locked in by the platform, users have a certain amount of time to finalize the trade by depositing funds and the transaction is confirmed on the blockchain.

    ChangeNOW has introduced the ability to buy cryptocurrency using a debit card or credit card through their partnership with Simplex. The fees are slightly higher but may be the only purchase method available in your country.

    If you intend to use ChangeNOW to purchase digital assets, you will need to complete a KYC process in accordance with financial regulations. To verify your account, the following documents are required:

    • International passport
    • National ID card
    • Driving license
    changenow websitechangenow website

    9. FTX - Best For Advanced Crypto Traders

    FTX is a massively popular crypto provider in the world that is widely rated as one of the best crypto margin platforms. For serious crypto traders and high net worth individuals, FTX is the go-to destination with a huge list of supported cryptocurrencies and markets. Given the success of its derivatives and options products, FTX recently introduced a spot exchange for its customers to purchase crypto and stablecoins directly on the platform.

    https://ftx.com
    HedgewithCrypto Score
    HedgewithCrypto Score
    4.3/5Our ratings take into account the ease of use, fees, deposit methods along with the exchange's reputation. All ratings are determined solely by our editorial team.
    StarStarStarStarEmpty Star
    Trading Fees:0.02% / 0.07%
    Country:Global (USA allowed via FTX.US)
    Currency:Crypto & 13 fiat currencies
    Promotion:5% off trading fees
    Ease of useStarStarStarStarEmpty Star
    ReputationStarStarStarEmpty StarEmpty Star
    Deposit methodsStarStarStarStarEmpty Star
    FeesStarStarStarStarEmpty Star
    Visit FTX

    Important: FTX has currently suspended deposits and withdrawals.

    Read our full FTX Review

    Customers can fund an account with fiat currency using a debit/credit card or a wire transfer. The maximum daily limit for credit cards is $2,999 and is automatically converted to USD. The fees for credit card transactions are 3% which is a little high, however, the benefit is the funds arrive near-instantly and can be used for trading immediately on the FTX spot exchange. Wire transfers have no fees but can take several days for the money to clear and arrive in the FTX account.

    FTX websiteFTX website

    In a short amount of time, FTX spot trading market has surged to the top in terms of trading volume and is a suitable alternative platform to Binance and Coinbase. The advantage of converting fiat to crypto with FTX is the ability to access a broad range of products and services. The features are better suited to advanced traders that have experience with investing and trading crypto. In short, FTX is a great option to buy crypto and hold on the exchange to benefit from the variety of products and services such as margin trading, cryptocurrency staking and the NFT marketplace. It also happens to be one of the best-rated day trading platforms for crypto due to its wide selection of markets.

    List of the Best Fiat To Crypto Exchanges - Compared

    We have individually selected and compared the best exchanges to buy cryptocurrency using local fiat currency. Each exchange has been rated according to important aspects such as deposit methods, fees, limits and customer support.

    ExchangeCrypto AssetsTrading FeesRatingPromotionWebsiteReview
    Coinbase Logo

    Coinbase

    250+0.5%
    RatingOur ratings take into account the ease of use, fees, deposit methods along with the exchange's reputation. All ratings are determined solely by our editorial team.
    4.7/5
    StarStarStarStarEmpty Star
    $5 BTC bonus (USA only)Visit CoinbaseCoinbase Review
    Binance

    Binance

    600+0.1%
    RatingOur ratings take into account the ease of use, fees, deposit methods along with the exchange's reputation. All ratings are determined solely by our editorial team.
    4.8/5
    StarStarStarStarEmpty Star
    Up to $100 welcome bonusVisit BinanceBinance Review
    eToro

    eToro

    70+1%
    RatingOur ratings take into account the ease of use, fees, deposit methods along with the exchange's reputation. All ratings are determined solely by our editorial team.
    4.6/5
    StarStarStarStarEmpty Star
    None available at this timeVisit eToro

    Disclaimer: 78% of retail CFD accounts lose money

    eToro Review
    Crypto.com

    Crypto.com

    250+None (3.5% surcharge for credit card)
    RatingOur ratings take into account the ease of use, fees, deposit methods along with the exchange's reputation. All ratings are determined solely by our editorial team.
    4.5/5
    StarStarStarStarEmpty Star
    None available at this timeVisit Crypto.comCrypto.com Review
    FTX

    FTX

    3190.02% / 0.07%
    RatingOur ratings take into account the ease of use, fees, deposit methods along with the exchange's reputation. All ratings are determined solely by our editorial team.
    4.3/5
    StarStarStarStarEmpty Star
    5% off trading feesVisit FTXFTX Review
    cex.io logo

    CEX.IO

    100+0.25% / 0.15%
    RatingOur ratings take into account the ease of use, fees, deposit methods along with the exchange's reputation. All ratings are determined solely by our editorial team.
    4.2/5
    StarStarStarStarEmpty Star
    None available at this timeVisit CEX.IOCEX.IO Review
    changelly logo

    Changelly

    170+0.25%
    RatingOur ratings take into account the ease of use, fees, deposit methods along with the exchange's reputation. All ratings are determined solely by our editorial team.
    4.2/5
    StarStarStarStarEmpty Star
    None available at this timeVisit ChangellyChangelly Review
    coinmama

    Coinmama

    72% to buy
    RatingOur ratings take into account the ease of use, fees, deposit methods along with the exchange's reputation. All ratings are determined solely by our editorial team.
    3.9/5
    StarStarStarEmpty StarEmpty Star
    None available at this timeVisit CoinmamaCoinmama Review

    Conclusion

    That's a wrap on our list of the best fiat-to-crypto exchanges. Our top-rated pick is Binance due to its availability worldwide and support for a wide range of deposit methods and currencies. The user interface can be a little complicated for absolute beginners to get used to, however, does not take long to become familiar with the range of features available. Binance also doubles as one of the best crypto to fiat exchanges for those that want to sell Bitcoin and cash out to a bank account.

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    Kevin GrovesKevin GrovesKevin Groves

    Kevin started in the cryptocurrency space in 2016 and began investing in Bitcoin before exclusively trading digital currencies on various brokers, exchanges and trading platforms. In 2019, he started HedgewithCrypto to publish informative guides about Bitcoin and share his experiences with using a variety of crypto exchanges around the world.

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