6 Best Fiat-to-Crypto Exchanges In 2023

Aug. 26, 2023
6 Best Fiat-to-Crypto Exchanges In 2023

Choosing the best fiat-to-crypto exchange is important when stepping into the world of crypto trading. A fiat-to-crypto exchange enables users to convert their traditional currency into digital currency. Finding a trading platform with robust security, many investable assets, and low fees can take effort and time. 

Throughout this article, we’ve looked at various trading platforms and focused on key features like KYC rules, accepted cryptocurrencies, payment options, and strength.

Best Fiat-to-Crypto Exchanges

  1. Binance – Multi-currency support
  2. Kraken – Efficient and quick
  3. Coinbase – Beginner-friendly
  4. OKX – Supports more than 90 fiat currencies
  5. KuCoin – Supports over 700 fiat currencies
  6. Crypto.com – Best for crypto features

Comparison Of Fiat-to-Crypto Exchanges 

Exchange Supported Cryptocurrencies Spot Trading Fees (Taker / Maker)  Payment Methods
Binance 385 0.1% / 0.1%  Bank Transfer, e-Wallet, or Credit/Debit Card 
Kraken 220 0.26% / 0.16% Bank Transfer, Google/Apple Pay, or Credit/Debit Card
Coinbase 240 0.60% / 0.40% Bank Transfer, Google/Apple Pay, or Credit/Debit Card
OKX 370 0.1% / 0.08% Bank Transfer, Apple/Google Pay, or Credit/Debit Card
KuCoin 720 0.1% / 0.1%  Credit/Debit Card, e-Wallet, or Bank Transfer 
Crypto.com 280 0.075% / 0.075% Credit/Debit Card, PayPal, or Bank transfer 


Binance fiat-to-crypto exchange

Binance provides access to a wide variety of cryptocurrencies and multiple ways to change traditional money into digital currencies. These options encompass a (P2P) trading platform, DCA, an advanced exchange, and a simple convert feature. Headquartered in the Cayman Islands, the exchange was founded in 2017 by Changpeng Zhao. Binance allows individuals to deposit funds in over 28 fiat currencies which include EUR, GBP, BRL, and many others. It is a licensed exchange in many regions, so Verifying Your Customer (KYC) is mandatory for all users.

There are Multiple deposit and withdrawal options, including Bank Transfer, e-Wallet (PayPal), or Credit/Debit Card. The withdrawal fees charged by Binance usually range from 0% to 1.9%, depending on the method chosen and the fiat currency. Deposit fees range from 0% to 3.3%.


  • Large coin selection
  • Easy sign-up process
  • Support over 28 fiat currencies
  • Mobile app
  • P2P trading option
  • 24/7 chat support
  • Available in over 180 countries


  • Might be difficult for beginners
  • Credit card fees are slightly higher, at 1.8%
  • Faces regulatory challenges



Kraken is one of the most secure and well-designed fiat-to-cryptocurrency exchanges. Headquartered in San Francisco, it was launched in 2011. Exchange fees are quite high compared to platforms like Binance and Crypto.com. However, it is the best platform for security-conscious investors looking to buy crypto with fiat.

Kraken prides itself on its strong security. It is the main factor behind the platform’s maintained position in the market for a long time. The company employs encryption for sensitive information, cold storage for funds, and more.

With seven fiat currencies; CAD, AUD, USD, EUR, GBP, JPY, and CHF, users can buy an impressive 220 cryptocurrencies. Moreover, customers can deposit up to $9,000 without going through the KYC process. Kraken supports Google/Apple Pay, bank transfers, and credit/debit cards.

There are certain payment methods that have a fee of $1 to $10, such as Swift and RTGS. However, all fiat currencies supported by Kraken can be deposited for free. The trading charges on the exchange are high. For spot purchases, the maker fee is 0.16%, and the taker fee is 0.26%.


  • Very high trading volume
  • Supports multiple funding options
  • Strong security measures
  • Good customer service
  • Advanced features available on Kraken Pro


  • High flat fees
  • Doesn’t offer a crypto credit card
  • No insurance fund for assets



For beginners who want to buy crypto without complications, Coinbase is the perfect fiat-to-crypto exchange. Headquartered in San Francisco, the platform was founded in 2012 by Brian Armstrong. It is accessible in over 100 countries globally. 

With features like SSL encryption, 2FA, and biometric authentication, Coinbase protects users’ accounts. Additionally, Coinbase offers advanced trading features that are suitable for professional investors. Users can be rewarded for completing short educational quizzes and videos.

Individuals can sell and purchase 240 digital assets on Coinbase using GBP, EUR, and USD. The exchange accepts bank/wire transfers, PayPal, Google/Apple Pay, and debit/credit cards. Notably, transactions on the trading platform are charged a flat fee of 0.40% (maker) and 0.60% (taker).


  • Beginner-friendly UI
  • One of the most reliable and oldest exchanges
  • 100+ countries supported
  • Low minimum deposit requirements
  • Advanced Trading options for experts


  • Payment methods are not friendly in some countries
  • High trading fees


OKX Fiat-to-Crypto exchange

Investors can purchase crypto with almost every fiat currency on the OKX crypto exchange. OKX has rapidly emerged as a valuable alternative to popular platforms such as Coinbase and Binance. Launched in 2017, OKX is a Seychelles-based trading platform.

Its accessibility and array of features contribute to its growing reputation. Moreover, its copy trading, leveraged and margin trading platforms, and trading bots are charming features. It has become a popular platform among international investors because it supports 96 fiat currencies. 

Users can buy cryptocurrencies with a debit/credit card without completing KYC verification. Investors can also buy crypto with an e-wallet, Apple Pay, or a wire transfer. Unfortunately, buying crypto with fiat on OKX is very expensive. The typical fee for card payments ranged between 3% and 4%. However, trading on OKX is more cost-effective, as the company applies a fee of 0.1% (taker) and 0.08% (maker) for spot purchases.


  • Free conversions
  • Support for up to 96 fiat currencies
  • 24/7 customer support
  • P2p market available
  • Support more than 370 cryptocurrencies


  • Unavailable to US residents
  • False trading volume reports
  • Unclear withdrawals fees


Kucoin fiat-to-crypto exchange

Based in Seychelles, KuCoin is a top-notch exchange for investors. There are 728 crypto assets on the platform. Users can buy them using 45 fiat currencies. Users can trade and deposit crypto on KuCoin without verification.

However, fiat-to-crypto conversion requires users to complete an identity verification process. The exchange supports Cash App, credit/debit cards, bank transfers, Skrill, and Zelle.

Additionally, it is working with 3rd parties such as Simplex to add more payment methods for global investors. KuCoin doesn’t charge deposit fees, but its partners might impose 1.5% to 4% in fees. Moreover, it charges only 0.1% for each spot trade.


  • Supports over 700 coins
  • Low trading fees
  • Excellent customer service
  • Advanced trading features


  • Not user friendly
  • Not licensed in the US
  • Bad reputation
  • Limited educational resources


crypto.com fiat-to-crypto exchange

Crypto.com has gained immense popularity since its start in 2016. It offers numerous impressive features that simplify crypto investing, especially for beginners. The exchange offers crypto-based Visa debit cards, trading bots, staking, lending, and a mobile app.

Crypto.com can handle a lot of different cryptocurrencies – there are 293 unique coins you can use. Users can deposit in 25 fiat currencies, including EUR, GBP, USD, and CAD. Freshers need to complete KYC verification. Moreover, deposit methods such as bank transfer, credit or debit cards, and PayPal are available. Exchange transactions incur a fee of 0.075%, while app fees can vary between 1.49% and 4%.


  • Large selection of crypto assets
  • Visa card with cash-back rewards
  • Earn interest on crypto
  • Low fees
  • Strong security


  • Some services not offered in the US
  • Poor customer service

What To Consider When Choosing A Fiat-to-Crypto Exchange?

Supported Cryptocurrencies

Each crypto exchange differs from the others in terms of supported cryptocurrencies. First, check which cryptocurrencies are available before depositing funds. Moreover, this prevents getting stuck on a platform without the desired crypto for investment.


Fees are important for crypto exchanges to operate and earn money from their users. Some platforms provide free fiat deposits and withdrawals, while others impose significant fees. So, before signing up, check the exchange’s fee structure. High fees can reduce your profit. 

Supported Payment Methods

When choosing an exchange, checking whether you have access to various payment methods is essential. Prefer those platforms which give at least two payment methods for the preferred currency. Moreover, this strategy helps reduce the risk of deposit issues arising from maintenance or downtime.

Supported Fiat Currencies

Checking which fiat currencies a platform natively supports is important for international investors. This helps prevent unexpected fees related to currency conversions.


Among all of the mentioned fiat-to-crypto exchanges, Binance secured the first position. It’s great for fiat currency deposits/withdrawals, various deposit options, and global accessibility due to its large user base. However, some readers might prefer specific features from other exchanges. So, we ensure that all the exchanges on our list are reliable and well-regarded.

Syed Ali Haider

Researcher & Editor
Ali Haider is a Blockchain enthusiast and writer passionate about enhancing the acceptance, adoption, and integration of Blockchain technology worldwide. He has also advocated for digital freedom and cybersecurity for many years.