Cryptocurrency exchanges with fiat: crypto-exchanges with the ruble, dollar and other fiat currencies for input and output

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For most people, the first step into the world of cryptocurrencies is to exchange regular money for crypto. There are tons of ways to do this. They all differ in complexity, convenience, and profitability.

Today, the editorial staff of Btcnewsweb.com offers readers an overview of the best cryptocurrency exchanges with fiat: conditions for depositing and withdrawing funds, payment methods, restrictions.

Exchange nameFiat currencyVerificationPayment systemsMarkets
BinanceRUB, USD, UAH, EUR and othersWhen working with fiat, verification is required.Advcash, Payeer, Visa / Mastercard.Spot
CurrencyUSD, RUB, EUR, BYNRequiredVisa / Mastercard, bank transfersSpot
EXMOUSD, RUB, EUR, UAH, PLN, TRY, KZTRequiredAdvcash, Payeer, Visa / Mastercard, QIWI, Yandex.Money, Enfins, SEPASpot
PayeerUSD, RUB, EURNoBank cards, Yandex.Money, Qiwi, Advcash, cash, mobile transfersSpot
Crex24RUB, USD, EUR, JPYOptionalPerfect Money, Epay, Yandex.Money, Qiwi, Visa / MastercardSpot
CryptoLocatorRUB, USD, EUR, BYN, UAH, CAD, CHF, CNY, GPB and othersWith a turnover of up to 1000 euros, verification is not neededQIWI, Yandex.Money, ADVcash, Cash, Neteller, Payeer, Payoneer, PayPal, Perfect Money, Skrill, Webmoney, WeChat, WesternUnion, bank transfer and cards and othersp2p
LocalBitcoinsRUB, USD, EUR, BYN, UAH and others (almost all)No verification is needed for buyers with an annual turnover of 1000 eurosAny payment systems, e-wallets, banksp2p
LivecoinRUB, USD, EURNoPayeer, Advcash, Perfect Money, Capitalist, QIWI, Yandex.Money, Webmoney, Visa / MastercardSpot
BitPapaRUB, USD, EUR, BYN, UAHOptionalWebmoney, Qiwi, Yandex.Money, Neteller, Advcash, Payeer, banks (Sberbank, Tinkoff, VTB and others) and othersp2p
HodlHodlAny fiat currenciesOptionalElectronic payment systems, bank cards and transfersp2p
YobitUSD, RUBNoPayeer, Capitalist, QIWI, Yandex.Money, bank cards, Webmoney, Perfect Money, mobile transfersSpot
BTC-alphaUSD, RUBNoSkrill, Epay, NixMoney, AdvCash, Perfect Money, PayeerSpot
LocalCryptosUSD, RUB, EUR and othersOptionalPayment systems, banks, etc.p2p
PaxFulUSD, RUB, EUR, BYN, UAH, KZT and othersWith a turnover of up to $ 1500, verification is not requiredPayment wallets (Webmoney, Yandex.Money, Qiwi, Advanced Cash and others), cash, bank transfers, cards and othersp2p
CEX IOUSD, EUR, GBP, RUBRequiredBank cards and transfersSpot

Note. RUB – Russian ruble, USD – US dollar, UAH – Ukrainian hryvnia, BYN – Belarusian ruble, etc.

To exchange cryptocurrencies for fiat (rubles, dollars, hryvnia and other currencies), you can use crypto exchangers and bitcoin exchangers. They do not require verification for transactions and provide a large selection of exchange directions. Also, you can use electronic payment systems with fiat and cryptocurrency: Advcash, Payeer, Capitalist, Perfect Money.

What are fiat currencies

Fiat money is a currency issued by a country’s government and not backed by gold, silver, or other physical commodity. The value of a fiat currency is determined only by the ratio between supply and demand, and not by the price of the commodity that supports them. Most modern fiat currencies are fiat currencies, including the dollar, euro, ruble, and other major world money.

Since fiat money is not tied to physical reserves, it risks losing value due to inflation or even completely depreciating in the event of hyperinflation.

There is also the concept of legal tender – essentially any currency that the government declares to be legal. Most often, fiat currency is issued, and then the authorities make it legal tender and the official standard for paying off taxes or other debts.

Features of working with fiat currencies on crypto-exchanges

Centralized fiat cryptocurrency exchanges are heavily dependent on regulators, which require the maximum possible disclosure of users’ personal data. This is related to the fight against money laundering and terrorist financing. One of the latest European directives in this regard is called AMDL5. It includes a number of new requirements. According to them, cryptocurrency exchanges should implement the option of account verification – confirmation of confidential user data using the KYC (Know Your Customer) scheme.

Many popular exchanges require verification only to work with large amounts of fiat on a daily or yearly basis. And those who do not reach such amounts can trade completely freely. But there are also sites where an unverified client cannot replenish an account with fiat or withdraw money in it at all. This feature should be taken into account when choosing a crypto exchange.

What else you need to pay attention to:

✅  Commissions. Withdrawal fees to bank cards or e-wallets are usually much higher than to cryptocurrency addresses.

✅  Ways and rules of withdrawal. What currencies and payment systems the exchange works with.

✅  Limits. There are almost always restrictions on the withdrawal of fiat money for unverified users. After verification, the limits are either removed altogether or expanded. Also, on some sites (for example, LocalBitcoins), there are several levels of verification, each of which has its own limits.

Be sure to check the exchanges without verification.

Fiat-based cryptocurrency exchanges (spot, p2p)

We have collected the top proven and safe platforms that allow you to work with fiat. Let’s talk about their conditions.

EXMO

EXMO is considered the largest crypto-exchange in Eastern Europe with over 170 currency pairs and 27,000 active traders. In addition to standard spot trading, it offers a number of other functions – OTC service for OTC trading, cashback, VIP conditions, merchant service through which you can pay for goods and services with cryptocurrency.

Supported fiat currencies: USD, RUB, EUR, UAH, PLN, TRY, KZT.

Fiat money deposit / withdrawal methods, commissions:

✅  Visa / MasterCard. Deposit – 4.5% + 0.5 USD; 4.5% + 0.5 EUR; 4.5% + 1 PLN; 4.5% + 2 TRY; 1% + 5 UAH; 1% for rubles; 3.5% for tenge. Withdrawal – 4.49% + 60 RUB; 2.99% + 450 KZT; 2.99% for hryvnia; not available for other currencies.

✅  Payeer. Deposit – 3.95% for the dollar, 2.49% for the ruble. Inference is not supported.

✅  AdvCash. Deposit – dollars and tenge without commission, 0.99% for the ruble. Withdrawal – 3.99% for the dollar, 2.49% for the ruble, 0.99% for the tenge.

✅  Ex-Code. 0.2% from the sender.

✅  Yandex money. Deposit – 1.95% (rubles). No withdrawal available.

✅  QIWI. Deposit – 1.49% (rubles), withdrawal – 2.49%.

✅  Enfins. Entering rubles and hryvnia without commission. Conclusion – 1.49% (rubles), 1.95% (hryvnia).

✅  SEPA payments. Commission for deposit – 10 EUR, for withdrawal – 50 EUR.

✅  Terminal. Hryvnia can be replenished in cash through the Privatbank terminal. Commission – 2.6%.

From time to time, certain deposit / withdrawal methods may be disabled due to technical work on the side of the payment provider or due to excessive network load.

To be able to withdraw fiat, you need to go through verification (confirm your identity and place of residence, as well as your payment card). The limits for deposit or withdrawal depend on the specific selected currency, they can be seen after verification in the corresponding section of the wallet.

Go to EXMO

Payeer

Payeer is an electronic wallet that allows you to keep several accounts with fiat and cryptocurrencies, quickly exchanging them with each other at any time. You can transfer funds to other users anywhere in the world and pay for goods and services on the Internet.

Supported fiat currencies: USD, EUR, RUB.

Fiat money deposit / withdrawal methods and commissions:

✅  VISA, MasterCard, Maestro, MIR.

✅  Yandex money.

✅  QIWI.

✅  ADVcash.

✅  Cash.

✅  Alpha click.

✅  Beeline, MTS, Megafon, Tele 2.

Commissions depend on the selected deposit / withdrawal method and fiat currency, ranging from 3 to 10%. The commission will be indicated when entering the amount in the deposit or withdrawal window. Verification is not required, there are no limits.

Go to Payeer

Livecoin

Livecoin is an exchange that has been successfully operating for five years and offers the opportunity to trade on more than 800 trading pairs. The listing includes not only all the top cryptocurrencies, but also a large number of rare and new tokens. Trading commissions are average for the market, starting at 0.18% of the amount, but as the trading volume increases, a cumulative discount begins to apply.

Supported fiat currencies: USD, RUB, EUR.

Fiat money deposit / withdrawal methods, commissions:

✅  Visa / MasterCard. Input is not available. Withdrawal – 3% + 25 RUR, 4% + 6 USD, 6% + 6 EUR.

✅  Payeer. Deposit – 1% for the euro, 0.5% for the dollar and the ruble. Withdrawal – 3.5% for the euro, 2.5% for the ruble.

✅  AdvCash. Deposit – 4.5% for the ruble and dollar, 5.5% for the euro. Conclusion – 1.5% for the dollar, 0.1% for the ruble, 2.5% for the euro.

✅  Perfect Money. For dollar and euro only. Deposit – 1.5%, withdrawal – 2% for USD and 4% for EUR.

✅  Yandex money. Conclusion – 6.5% (rubles). Input is not available.

✅  QIWI. Deposit – 7% (rubles), withdrawal – 7.5%.

✅  Capitalist. Commission-free deposit, withdrawal – 2%.

✅  WebMoney. Commission-free deposit, withdrawal – 6%.

WebMoney, Qiwi, Paxum, EPESE and a number of other EPS are available through the Capitalist system designed to accept payments in fiat currencies.

The exchange does not require verification to withdraw funds.

There are limits that differ depending on the currency. The minimum top-up is 50 USD / 50 EUR / 1,000 RUR, and from Qiwi – 4,000 RUR. The minimum withdrawal is 10 USD / 10 EUR / 100 RUR.

Updated 07.07.21. The Livecoin exchange is down.

Currency.com

Any tokenized asset can be traded at Currency.com at competitive prices. The exchange makes it possible to diversify cryptocurrency investments as much as possible, as well as trade shares of the world’s leading brands and popular exchange commodities (from gold to oil) using tokens.

Supported fiat currencies: USD, RUB, EUR, BYN.

Fiat money deposit / withdrawal methods, commissions:

✅  Visa. Input – 3.5%. Withdrawal – 2.4% + 3 USD in equivalent.

✅  MasterCard. Input – 3.5%. Withdrawal – 1.9% + 3 USD equivalent.

✅  Bank transfer (for residents of Belarus). Commission-free deposit. Withdrawal – 8 USD.

✅  Bank transfer (for non-residents of Belarus). Commission-free deposit. Withdrawal – 0.15% (from 20 USD to 150 USD).

Withdrawal of funds to a Belarusian bank account in Belarus usually takes one business day, to a foreign one – 3-5 business days. The exchange requires verification to deposit and withdraw funds.

The limits are as follows: the minimum deposit from the card is 100 USD, the minimum withdrawal is also 100 USD. The minimum deposit and withdrawal from a bank account is 50 USD. The maximum replenishment is USD 24,000 in equivalent.

Go to Currency.com

OKEx

The OKEx exchange allows you to purchase USDT, BTC, ETH, XRP, LTC, OKB, BCH, BSV, USDK, LINK and DOGE cryptocurrencies from a card.

Available input methods:

✅  VISA

✅  Mastercard

  PEACE

✅  ApplePay

✅  AdvCash Wallet

Replenishment of the OKEx exchange from a bank card

Payment systems and providers such as Mercuryo, Banxa, OKCoin, Simplex, Indacoin, AdvCash help in payment. Commissions in each case are calculated differently, based on the requirements of a particular payment system. The time for crediting the cryptocurrency to the account is from 1 to 20 minutes.

There is no direct withdrawal to fiat on OKEx, but you can use the following methods.

Go to OKEx

Free2ex

Free2ex, a regulated Belarusian exchange, allows you to deposit fiat currencies RUB, BYN, EUR, USD into your account using methods such as a bank card or transfer.

Commissions:

  VISA and MasterCard – deposit 2.95%, withdrawal 2.45% (min 3 USD / EUR, 200 RUB or 6 BYN).

✅  Bank transfer – commission-free deposit (bank commission may be charged), withdrawal from 600 to 2400 RUB, 10 BYN, from 8 to 30 USD, from 8 to 35 EUR.

  Bank transfer (partner banks) – commission-free deposit (bank commission may be charged), withdrawal 5 USD / EUR, 400 RUB, 10 BYN.

Free2ex fiat exchange

Thus, the commission fees for purchases from a card are among the lowest in the market.

Go to Free2ex

Crex24

A cryptocurrency exchange that has been operating since 2017, offering low fees and high security. Funds are withdrawn only after user confirmation. Cryptocurrency assets are stored in cold wallets, which excludes the possibility of their being stolen by intruders.

Supported fiat currencies: USD, RUB, EUR, UAH, JPY, CNY.

Fiat money deposit / withdrawal methods, commissions:

✅  Perfect Money. Input – 2.5%. Conclusion – 2%.

✅  EPAY. Commission-free deposit and withdrawal.

✅  QIWI. Input – 2%. Withdrawal – 0%

✅  Yandex money. Deposit and withdrawal – 2%.

✅  Visa / Mastercard. Input –4%. Withdrawal – 2.5% + 50% RUB.

Deposits / withdrawals of hryvnia and yuan are currently unavailable.

There are usually no maximum limits for withdrawal or deposit of funds, except for withdrawals to Yandex (50,000 rubles one-time). The minimum amount for replenishment for Qiwi is 3000 rubles, Yandex is 50 rubles. The minimum wage for Yandex withdrawal is 100 rubles. For most deposit and withdrawal methods, verification is not required.

Go to Crex24

Binance

Binance is the leader among all trading exchanges today. The site has earned it with a large selection of currencies, comfortable conditions and the constant introduction of new functionality. Relatively recently, a fiat gateway has appeared on this cryptocurrency exchange, which allows you to buy cryptocurrency for ordinary money (rubles, dollars, etc.).

Supported fiat currencies: all worldwide.

There are nine supported payment methods, which differ in fiat deposit / withdrawal methods and commission levels:

✅  Paxos and TrustToken allow you to purchase stablecoins via bank transfer.

✅  Koinal makes it possible to buy crypto from Visa / MasterCard with a commission of 2.5%.

✅  Simplex also allows you to buy crypto from Visa / MasterCard, the commission is 3.5%, but not less than $ 10.

✅  Payment systems Payeer and AdvancedCash.

✅  Binance p2p.

✅  Paxful.

✅  Visa card.

Transactions directly interact with the Binance address, and the purchased funds are credited to the balance in the system. The limits are individual for each currency – 1000 rubles, 10 dollars, 300 hryvnias, etc. They are indicated at the time of entering the amount.

Go to Binance

LocalBitcoins

It is a Finnish cryptocurrency exchange with support for fiat payment systems. It belongs to p2p-exchanges, that is, trading takes place without the intervention of a third party, directly from user to user, the service only controls the honesty of the transaction. Also, each seller can set the exchange rate and other terms of sale at his discretion.

Supported fiat currencies: all worldwide.

Fiat money I / O methods:

✅  bank transfer;

✅  SEPA;

✅  dozens of well-known and rare payment systems (Yandex, QIWI, Perfect Money, etc.)

Fees vary by payment system, plus LocalBitcoins will charge 1% per trade to the ad creator.

Go to LocalBitcoins

Cryptolocator

P2p cryptocurrency exchange Cryptolocator with fiat currencies has been operating for more than two years and during this time has attracted more than 100,000 regular customers. Cryptolocator has a convenient Russian-language interface, the simplest verification procedure, round-the-clock technical support and a telegram bot for quick exchange without visiting the exchange.

Supported fiat currencies: all worldwide.

Fiat I / O methods:

✅  bank transfer;

✅  cash;

✅  Kiwi;

✅  Yandex money;

✅  gift cards;

✅  popular payment systems.

There are no commissions for replenishing the account, 1% of the amount is withdrawn for a transaction You can use the exchange without verification if the daily limit of transactions does not exceed 1000 euros.

Go to Cryptolocator

CEX.IO

Crypto exchange CEX.IO has been operating since 2013 and is focused on buying or selling cryptocurrency from bank cards. Registered in the UK, has MSB status in FinCEN, all licenses necessary for legal work, partnerships with major banks in the world.

Supported fiat currencies: USD, EUR, GBP, RUB.

Fiat money deposit / withdrawal methods and commissions:

✅  Visa. Input – 2.99%. Withdrawal – up to $ 3.80, € 3.50, £ 2.9; for the ruble 2.5% + ₽ 30.00.

✅  MasterCard. Input – 2.99%. Withdrawal – up to 1.2% + $ 3.80; 1.2% + € 3.50; 1.2% + £ 2.90. For the ruble 2.5% + ₽ 30.00.

✅  Bank Transfer (SWIFT). Commission-free deposit. Withdrawal – 0.3% + 25 USD / EUR / GBP.

✅  ACH. Deposit and withdrawal of dollars without commission.

✅  SEPA. Deposits and withdrawals of euros without commission.

✅  Faster Payments. Commission-free deposit and withdrawal of pounds sterling.

Deposit and withdrawal options depend on the type of account and the amount of information provided (identity, address, etc.). At the start, the user does not have access to the fiat gateway at all. You can open the possibility of using Visa / MasterCard if you verify your plastic; at this level, you can deposit no more than 1000 USD per day and no more than 3000 per month. Starting from the next levels, there are no limits.

Go to CEX.io

BTC-alpha

This fiat-backed platform offers users fairly low fees and is among the top 100 most trusted exchanges in the world. It has been operating for more than five years, the number of users exceeds 200,000. For convenient trading from anywhere, you can use the mobile application.

Supported fiat currencies: USD.

Fiat money deposit / withdrawal methods and commissions:

✅  Skrill. Deposit – 10%, withdrawal – 1%.

✅  Epay. Deposit – 3.58%, withdrawal – 4.5%.

✅  Nix Money. Deposit – 2.85%, withdrawal – 5.85%.

✅  Adv Cash. Deposit – 3.58%, withdrawal – 4.85%.

✅  Perfect Money. Deposit – 4.85%, withdrawal – 3.85%.

✅  Payeer. Deposit and withdrawal – 3.85%.

No verification is required to work with fiat. The minimum deposit is $ 1. The daily withdrawal limit is equivalent to 50 BTC.

Go to BTC-alpha

Alternative to exchanges – cryptocurrency exchangers with a fiat gateway

If you don’t want to delve into the functionality of the exchange, then you can use a cryptocurrency exchanger to quickly exchange fiat for crypto and vice versa. Examples of verified exchangers:

✅  Prostocash.

✅  Nice Change.

✅  Enter-change.

✅  Mchange.

✅  Matbea.

✅  60cek.

✅  Baksman.

✅  24paybank.

✅  Xchange.

✅  Magnetic Exchange.

There are many more, to choose the right one, you can read the corresponding article on our website.

The main advantages of exchangers over exchanges are simplicity and ease of use, a wide selection of convenient payment directions, the ability to choose the most profitable rate through monitoring and thereby save money. And many exchangers provide a cumulative discount system, which makes working with them even more profitable.

The disadvantages include often high commission fees, as well as the difficulty of choosing a suitable service – there are now thousands of them, and there are many unscrupulous exchangers in this list. To mitigate risks, it is best to use monitoring tools such as BestChange.

P2p platforms for working with fiat money

All p2p exchanges for buying and selling cryptocurrency support fiat money. Many of them even provide an opportunity to exchange at a meeting, with the transfer of cash. Today, the most in demand are the following crypto-exchanges with fiat:

✅  LocalBitcoins;

✅  Cryptolocator;

✅  Paxful;

✅  Bitzlato;

✅  HodlHodl;

✅  LocalCryptos;

✅  Bitpapa.

Why are these exchanges gaining more and more popularity? For maximum freedom. Users can set and choose trading conditions themselves, and also do not depend on a centralized authority that has to trust their funds. At the same time, the process of transferring money is completely safe due to a well-thought-out escrow system.

The downside is low liquidity: the number of offers is incomparably less than on centralized sites. Also, the transfer process can take a long time due to non-exchange-related delays of banks and payment systems.

Electronic payment systems for working with cryptocurrency and fiat money

It is convenient to exchange cryptocurrency for fiat and vice versa using electronic payment systems. These services are wallets, usually with several accounts, where you can store crypto or traditional money, pay for goods and services from them.

Examples of such EPS:

✅  AdvCash. A wallet focused on working with businesses or freelancers. It is a universal Internet payment system for solving a wide range of tasks. Supports currencies USD, EUR, GBP, RUB and cryptocurrencies BTC, ETH, LTC, BCH, ZEC, XRP. Commissions for replenishment of an account with fiat – up to 6%, depending on the method. For withdrawal – 1.5-3% plus a certain amount, depending on the method. For example, rubles can be withdrawn to the card with a commission of 50 RUB + 1.99%.

✅  Perfect Money. A payment system that has been operating since 2007 and has a reputation for being one of the most secure and multifunctional. Supports currencies USD, EUR, UAH, RUB and Bitcoin cryptocurrency. Replenishment and withdrawal of funds is carried out using the built-in monitoring of exchangers, which is very convenient. You need to select the desired direction, for example Yandex.Money -> Perfect Money USD. After that, a list of exchangers that support this direction will open.

✅  Neteller. A fairly old and well-known system for making electronic payments. You can create an account for many world currencies, including the ruble, dollar, euro, yen, yuan, etc. There are dozens of withdrawal and payment methods, including popular payment systems and bank cards.

✅  Skrill. The system supports the main world fiat currencies, as well as work with more than 40 cryptocurrencies. You can replenish an account with fiat with a commission of 2.5%, and withdraw to a card with a commission from 4.99 to 7.5%, depending on the type of plastic.

Conclusion

When choosing a crypto exchange for trading, you need to focus not only on the available withdrawal and payment methods, but also on many other parameters, having studied the information on each of the sites. It is important to remember that cryptocurrencies, like any other investment, come with risk. Therefore, you should be careful not to be deceived. And support for fiat should be perceived as an additional, but not the main advantage, which increases the degree of convenience of interaction with the platform.

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