Can I buy crypto with a credit card? What is a fiat exchange?

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 cryptocurrency is bought with fiat money via a credit card.

On ChangeNOW this feature is brought to you by our third-party partner service Simplex. At the moment we offer exchanges from USD and EUR.

These are the requirements of our purchase provider:

1. Your card must be issued by VISA or MasterCard;
2. For pre-paid cards, make sure to check if it is eligible for crypto-related purchases;
3. 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. After your card is verified, you will be able to proceed.

Please note that all fiat-to-crypto exchanges are conducted in a specific order. First, your funds will be used to buy BTC via Simplex. Then, ChangeNOW will convert BTC to your requested currency.

We do not currently have plans to implement reverse exchanges (from crypto to fiat).

If the information on this page does not answer your question, please don’t hesitate to contact our support team (support@changenow.io). We are available 24\7!