Fiat-to-crypto trading

Fiat-to-crypto trading involves exchanging traditional money (like USD, EUR, or JPY) for cryptocurrencies such as Bitcoin or Ethereum through a digital platform called an exchange. This process allows individuals to convert their government-issued currency into digital assets, which can be used for various purposes like investing, transactions, or holding as an asset. The exchange acts as a marketplace, facilitating the buy and sell orders, and often provides secure methods for managing and storing these digital currencies. It’s a fundamental step for those entering the crypto space using familiar, official currencies.