Method Of Converting Fiat Currency To Cryptocurrency

To enter the crypto world, you must first convert fiat currency into cryptocurrency. We will consider how and why to do this in this article.

Why buy cryptocurrency with fiat currency?

Two main reasons are:

1. The safest, fastest and most economical payment method

Many companies are implementing encrypted payment gateways to accept payments from Bitcoin, Ethernet and other popular assets. Why? Because no bank can provide fast and cheap transactions like cryptocurrency. In addition, bank payment is often the target of hackers, and the risk of cryptocurrency is minimal. If a few years ago users wanted to know where they could pay with encrypted assets, now people don’t have this problem in mind. For example, the same Bitcoin can be used for products, electronics, furniture, clothing and even 18+entertainment.

2. Cryptocurrency is a profitable investment

Cryptocurrency is a very unstable asset and can make a lot of money based on its growth. The stock results of this financial instrument are amazing. The people who invested in Bitcoin at the beginning of its birth may now be millionaires. Of course, it is difficult to repeat this success, but it is likely to make quite a lot of money. Open the price chart of the same Bitcoin, and you will see a new price record breaking every year. For example, in 2021, Bitcoin reached a record high, and the price of one Bitcoin reached an incredible 67899 dollars. After this takeoff, the price will naturally adjust and decline(in this case, the price will drop to 35000 dollars). As they said, history is cyclical, and Bitcoin must repeat its journey more than once, breaking new records each time. In this case, we give examples of major cryptocurrencies, but Bitcoin can be invested. In the next section, we will consider which coin is worth buying.

How to choose the best coin?

The previous section described two main reasons why cryptocurrencies are worth buying. Considering these two reasons, we can emphasize the best coin.

To select the best cryptocurrency, remember the following three metrics:

Transaction speed. Typically, cryptocurrencies can be moved in seconds, but some of them may take longer.

Cost or gasoline. No one likes to pay fees, but it’s worse than others who pay more. In order to save assets and maintain sufficient transaction speed, always pay attention to costs.

Volatility of assets. We all know that cryptocurrencies are floating, but each currency has its own floating index. If you are looking for beneficial investment opportunities, a high volatility index is what you need. However, if you need a stable payment solution, sharp price fluctuations will not be suitable for you.

In addition to Bitcoin and Ether, the two kings of cryptocurrency market, the following coins can also be distinguished:

Light Coin(LTC)

Litecoin is a popular and effective payment method. More than 3100 companies around the world will accept Light coins as the settlement method. No wonder coins were made to become a “light” version of Bitcoin. The transaction execution speed of Light Coin Network is fast and the cost is the lowest.

In addition, long-term equity is one of the most liquid assets in the market. It is also one of the most popular payment methods. Light coins were paid from 1xBit, Travala, Snel, RE/MAX, etc.

Solana(SOL)

Solana cryptocurrency was originally created to solve the scalability problems inherent in most blockchains. The project adopts innovative historical proof protocol algorithm, and the current throughput of the blockchain exceeds 60000 transactions per second.

More than 400 companies(Cryptwerk data) accept Solana as a payment method. All this has benefited from lightning transactions and small fees. In addition, due to the combination of PoS and PoH joint recognition algorithms, Solana is not only one of the fastest blockchains, but also the safest blockchain.

Binding rope(USDT)

The high volatility of crypto assets usually surprises users, but with the emergence of stable coins, this problem disappears. The USDT stable currency is the most popular and broadest in the cryptocurrency market. One USDT coin is equivalent to one dollar, so it can easily pay for the goods and services of more than 1700 enterprises around the world.

This method of payment is much better than the court. You don’t have to pay huge bank charges. It’s faster and safer. Time magazine, alternative Airlines, STAX, Paxful, etc. accept rope payment.

Nanometer(XNO)

Nanometer(XNO) is an innovative cryptocurrency that can pay zero cost immediately. That’s why nanometers are so popular. Developers strive to ensure that Nano becomes the most convenient and cheapest payment method. If you use other cryptocurrencies, you still need to pay some fees. The transaction using the Nano will be completed immediately, free of charge.

Nano provides the best payment experience, that is, the overall concept of digital currency: no fuss, no charge, no waiting. In addition, this cryptocurrency is suitable for micro payment.

Feed(DOGE)

In addition to fast and cheap means of payment, Dogconnect also has millions of fans. The professional community actively promoted DOGE by means of payment. Dogeconnect is widely used by online and offline operators.

Once upon a time, DOGE was just a joke, but now it is one of the most stable and successful cryptocurrencies. Even Elon Musk, Tesla’s chief executive, supports this proposition. DOGE is active in payment, investment and philanthropy.

This is just one part of many cryptocurrencies used for payments or international transfers. When choosing the full cryptocurrency for payment, we should pay attention to the cost, speed, popularity and other indicators as the means of payment.

As I mentioned earlier, cryptocurrency can not only become a means of payment, but also a highly profitable investment tool. The main rules for successful investors are to buy at the bottom and sell at the top. The list of crypto assets worth investing in is very broad. We will make some examples of coins, which can bring a lot of profits in the near future.

Ethernet

For a long time, this cryptocurrency has been considered one of the highest investment crypto assets. In 2021, Ethernet will prove its importance twice and reach the highest level in history. Why is it valuable to invest in Ethernet now? Because in the near future, Ethernet blockchain will be converted into a new protocol algorithm, and Ethernet can work faster, cheaper, and more smoothly. These factors will undoubtedly affect the price of cryptocurrencies.

Financing coin(BNB)

This cryptocurrency is the most popular and successful cryptocurrency exchange idea for Binance. The demand of traders and investors is unprecedented. In addition, with the introduction of VISA card, the quotation of BNB cryptocurrency will increase significantly.

In the past year, coins have repeatedly set the highest price. Moreover, it soon entered the top five encryption market. Judging from the optimism of experts, it is not over yet.

ADA

This is one of the most popular cryptocurrencies, ranking top 10 according to CountMarketCap. Compared with other leaders, this coin is not expensive, but it sells well in the market. So far, Cardano is the main competitor of Ethereum. Ethereum plans to switch to POS algorithm only. In addition, with the launch of Alonzo update, Cardano blockchain can now support the operation of smart contracts and decentralized applications.

Step by step instructions on how to convert fiat currency to cryptocurrency

With the help of Fiatom service, legal currency can be converted into cryptocurrency with just a few clicks. We cooperate with the most reliable legal currency suppliers to ensure the safest, most smooth and fastest transactions. To convert fiat currency to cryptocurrency, follow these instructions:

Open the Fiatom website.

Select the currency you want to use from the Legal Currency list.

Select the currency you want to purchase from the Cryptocurrency list.

Enter the required amount.

Please select your country of residence.

Click the search button on the right to find the cheapest product.

Select the best quotation from the partners.

It will then be redirected to the selected vendor’s web page to complete the validation process.

Purchase completed.

Please deposit the selected cryptocurrency directly into your wallet.

conclusion

Soon, cryptocurrencies are likely to spread as widely as fiat currencies. Today, thousands of merchants around the world actively use cryptocurrency as a payment method, and millions of people around the world invest in cryptocurrency assets. This document studies the main reasons why users convert legal currency to cryptocurrency, and provides the best coin examples for each reason.