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
P2P   Freedom in transactions, global market, and fund custody   Slow order processing, low liquidity, and risk of offline trading
Buy Crypto   Fast, easy to get started, and transparent in funds   Trading slippage, insufficient liquidity, and risk of hacker attacks
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)


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