BingX users can buy crypto with fiat currency through P2P Trading, Buy Crypto, and Bank Deposit on the platform. This article will show you what is fiat-to-crypto trading and how to buy crypto with fiat currency.
 

What Is Fiat-to-Crypto Trading?

Fiat-to-crypto trading refers to the process of buying and selling fiat currencies (e.g., USD, EUR, and TWD) with digital currencies (e.g., Bitcoin and Ethereum). This is usually the main gateway for investors to enter the crypto market or convert cryptocurrency back to fiat currency.
 

Different Methods to Buy Crypto

Investors can purchase cryptocurrency with fiat currency in a number of ways. The comparison of different methods is shown below.

Method Advantage Disadvantage
Tutorial
P2P   Freedom in transactions, global market, and fund custody   Slow order processing, low liquidity, and risk of offline trading
  BingX Tutorial | How to Purchase Crypto via P2P on BingX
Buy Crypto   Fast, easy to get started, and transparent in funds   Trading slippage, insufficient liquidity, and risk of hacker attacks
  BingX Tutorial | How to Purchase Crypto via Buy Crypto on BingX
Bank Deposit   Convenient and fast, regulatory protection, and detailed records   Higher cost, slower arrival of funds, and poor privacy experience

You can refer to the tutorial below depending on your preferred device:

BingX Tutorial | How to Buy Crypto With Fiat Money (Web)
BingX Tutorial | How to Buy Crypto With Fiat Money (App)

>>>Start buying crypto on BingX

 

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Cryptocurrency prices are subject to high market risk and price volatility. You should only invest in products that you are familiar with and where you understand the associated risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment. This material is for reference only and should not be construed as financial advice. Past performance is not a reliable indicator of future performance. The value of your investment can go down as well as up, and you may not get back the amount you invested. You are solely responsible for your investment decisions. BingX is not responsible for any losses you may incur.
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