Over the years, cryptocurrency exchanges have played an essential role in ensuring that investors find an easy way to possess any of the digital assets out there.
Sometimes, investors face difficulties in buying a cryptocurrency directly with fiat on a preferred exchange platform.
Using third-party websites to buy cryptocurrencies then later transferring them to a cryptocurrency exchange website to purchase a particular coin is stressful and sometimes time-wasting. Some cryptocurrency exchanges have therefore upgraded their services to allow investors to directly by crypto assets on their platforms with fiat without stress and hassle. Here is a list of three cryptocurrencies exchanges that enable the purchasing of digital assets with fiat.
- Kraken
- CoinMama
- Gemini
Kraken Exchange
Kraken stands as one of the certain cryptocurrency exchange websites that allow the use of Fiat. Kraken was founded in 2011 and launched in September 2013 with Jesse Powell as the CEO. The Fiat funding option was introduced in April 2017. This initiative allowed the use of denominated US dollars and other government currencies to purchase cryptocurrencies on the platform. The cryptocurrency exchange platform allows the purchasing of Monero, Bitcoin, XRP, Litecoin, Ethereum, and Ethereum classic. They accept payments through a wire transfer of USD, JPY, CAD, and GBP.
Coinmama
Coinmama has a few user-friendly terms aside from their Fiat services. It remains one of the few cryptocurrency exchanges that save investors the hassle of verifying their identity with the uploading of ID cards and documents to be able to trade. Coinmama offers two interesting funding options; Credit card option and Cash option. With the cash option, money can be wired through the western union money transfer or MoneyGram. This feature seems perfect to many investors because the exchange also provides the services of Bitcoin, Ethereum, and other known cryptocurrencies. The website is easy to navigate with user-friendly features.
Gemini
Gemini is a US regulated cryptocurrency exchange with strong security for its customers. Gemini keeps Bitcoin and Ethereum deposits in cold storage. They also keep all Fiat deposits in banks that are FDIC insured. Gemini was founded by the Winklevoss Twins; Cameron, and Tyler Winklevoss. Gemini accepts bank transfer and credit card transfer. Gemini is available in Japan, Singapore, and Canada. It is also available in 42 states in the United States of America.
Apart from the above-listed cryptocurrency exchanges, there are few other renowned platforms such as Coinbase. It is, however, advisable for investors and users to conduct their research on exchange platforms before sending their funds.
