The cryptocurrency market has recently experienced rapid growth. Every week, new platforms and features are introduced to make life easier. Previously, if you wanted to fund these ventures with altcoins, you had to first get your hands on some BTC or ETH. This extra phase usually entailed locating a centralised fiat-on-ramp and an exchange that supported the Altcoin you wanted. It was a time-consuming process that allowed you to navigate through several channels and pay fees.
Because of the advent of altcoin/fiat trading pairs, this mechanism has been greatly simplified. Some of the more well-known exchanges have extended their fiat trading pairs to include some of the market's other common coins. You will save time and money by making this decision.
Kriptomart
Kriptomat is a cryptocurrency exchange and blockchain service provider based in the European Union. The network is supervised and provides users with custodial services. Kriptomat was created to eliminate many of the technological hurdles that new traders face. The platform has a simple interface that requires no prior knowledge to use.
Kriptomat provides a variety of fiat/altcoin trading pairs as well as payment options to make it more user-friendly. You can register several bank accounts on the exchange, and you can buy cryptocurrency with credit cards. The exchange operates in 80 countries and supports 20 languages, demonstrating its openness. Kriptomat has deep liquidity with active markets 24 hours a day thanks to its foreign clientele.
Kriptomat's creators incorporated multi-layered protection. The network employs a sophisticated DDoS security scheme and maintains cold storage for 98 percent of its assets at all times. Kriptomat also has low fees and a high degree of accountability. Multiple third-party audits have been performed on the network. Investors from the United States are currently barred from Kriptomat.
Bitpanda
Bitpanda is another well-known EU-based alternative in the industry. Users may buy Bitcoin and altcoins directly with fiat currency on the network. It is regulated in the European Union and provides services to a wide range of companies and institutions. Stablecoins, DeFi tokens, an outstanding array of altcoins, Bitpanda Pay, and a cryptocurrency database are currently supported by the exchange.
Bitpanda offers low prices, as well as high security and reliability. The platform also has a range of exclusive features, such as a savings account that rewards interest on your investments. You can also use the user-friendly gui to set up automatic dollar-cost averaging (DCA).
The expansion of fiat currency trading pairs has always been a priority for Bitpanda. It was also one of the very first Crypto Indexes available. The Bitpanda index includes a lot of automation to make your trading strategy easier. Based on market cap and liquidity, users can choose from the top 5, 10, or 25 cryptos.
Binance
In terms of daily trading volume, Binance is the largest exchange in the world. The exchange's fiat pairing options and altcoin range continue to grow. With the recent launch of the Binance Smart Chain, the platform's native blockchain, the network now supports many of the most common DeFi features, including staking and NFTs.
For many altcoins, Binance has a lot of liquidity and a lot of trading value. You can buy crypto with a bank account, debit card, or credit card on the website. Binance was able to develop into the well-known and top-performing exchange it is today thanks to its versatility.
Binance charges you a scaling fee depending on your trading volume. If you use the network's native utility token, BNB, you can get a discount on your fees. As part of the BSC rollout, BNB now provides staking and peer-to-peer (P2P) functionality. Binance is a good choice for traders looking for a trustworthy site with a lot of features.
Conclusion
You're able to move on with your investment plan now that you've learned about the best places to buy altcoins with fiat currency. It's critical that you only trade on reputable, well-established exchanges. This method will assist you in avoiding losses due to fraud or hacking. Fortunately, all of the exchanges mentioned above will provide you with a safe trading environment as well as resources to help you maximise your profits.