Fiat money, in simple terms, refers to a currency that is considered legal tender by government decree. For example, USD and EUR are both fiat currencies.
A fiat-to-crypto exchange is an exchange where one can buy cryptocurrency with fiat money via a credit card.
On ChangeNOW, this feature is brought to you by our third-party partner services Simplex and Guardarian. At the moment, we offer exchange from USD, EUR, GBP, CAD, and many other currencies.
These are the requirements of our purchase providers:
- Your card must be issued by VISA or MasterCard;
- For pre-paid cards, make sure to check if it is eligible for crypto-related purchases;
- Wire transfers, American Express, and Discover cards are not accepted.
Before your exchange can start, you will need to pass a series of steps to validate your identity as requested by Simplex or Guardarian. After your card is verified, you will be able to proceed.
Please note that there is a specific order for conducting all fiat-to-crypto exchanges. First, your funds will be used to buy BTC via Simplex. Then, ChangeNOW will convert BTC to your requested currency.
If the information on this page does not answer your question, please don’t hesitate to contact our support team (email@example.com). We are available 24\7!