One of the huge benefits cryptocurrencies has over fiat currencies is the fact that borders are no obstacle and that there are no charges when transferring between different countries or regions. This therefore makes cryptocurrencies very much a global phenomenon. Before you can begin trading cryptocurrencies you need to buy them using a fiat currency, meaning the exchanges you choose must offer the exchange rate for the fiat currency you own.

Some of the first exchanges were launched in US, South Korea, plus other Asian countries, meaning that exchanging those fiat currencies were relatively easy but for some of the smaller countries it is harder to identify the top exchanges that allow certain fiat transactions.

Some of the most popular fiat exchange rates are the following:

USD/BTC

EUR/BTC

GBP/BTC

 

Fiat vs crypto


For other types of exchanges, see:

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