Fiat-to-Crypto
Fiat-to-Crypto refers to the transaction or exchange of traditional government-issued currency for cryptocurrencies.
Fiat-to-Crypto refers to the transaction or exchange of traditional government-issued currency for cryptocurrencies.
Fiat-to-Crypto refers to the transactional process where traditional fiat currency is exchanged for digital cryptocurrency. Fiat currencies are government-issued and -regulated currencies, such as the US Dollar, Euro, or Yen. Exchanges that allow such transactions are called fiat-to-crypto exchanges. These transactions form the primary bridge between the world of traditional finance and cryptocurrencies, allowing individuals and companies to enter the crypto market.
If you use an exchange like Coinbase to buy Bitcoin using US dollars, you've completed a fiat-to-crypto transaction.
