How to buy cryptocurrency with fiat funds

Buying digital assets with traditional money has become much easier. There are several ways to purchase cryptocurrency directly using various payment methods and currencies. This approach allows investors and traders to choose the most convenient payment option depending on their country of residence and preferences.

Available Fiat Currency Deposit Methods

Today, there are many methods that enable direct cryptocurrency purchases:

• P2P Trading — direct exchange between users
• Bank Card Payment — quick method via plastic card
• Bank Transfers — traditional fund transfer method
• Electronic Payment Systems — using local payment services (BLIK for Poland, Instant EFT for South Africa, and others)
• Fiat Balance — if you already have funds in your app account

Each method has its features, processing times, and verification requirements. Supported methods depend on your country and the chosen cryptocurrency.

Preparing Your Account Before the First Purchase

Before you start buying cryptocurrency through payment systems, you need to complete several steps:

Identity Verification (KYC)

All payments require passing Know Your Customer (KYC) procedures. This means you will need to:

• Upload a copy of your passport or ID card
• Provide personal details
• Confirm contact information

The verification process can take up to 4 business days (excluding weekends and holidays).

Specific Country Requirements

Some countries have additional requirements:

Europe (EU and EEA): Users from this region can use local payment systems such as BLIK for Poland. Full verification within the region is required.

Japan: To use e-Checks and bank transfers, you must have a registered Japanese phone number.

Africa: In South Africa, Instant EFT is available, but an individually verified account is required. In Nigeria, bank transfers are only possible from verified accounts with mandatory document verification.

Latin America: Argentina, Bolivia, Brazil, Chile, and Mexico can purchase via various methods, but often require creating a virtual account and additional information during payment.

Step-by-Step Purchase Process

Step 1: Access the Quick Purchase Section

Open the app or website of the platform and find the “Buy Cryptocurrency” or “Quick Purchase” section. This is usually located in the top navigation menu.

Step 2: Create a Purchase Order

Follow these steps to place your order:

1. Select Payment Currency — specify the language you want to pay in (PLN, JPY, ZAR, NGN, ARS, BRL, CLP, MXN, USD, and others)
2. Choose Cryptocurrency — select the coin you want to buy (BTC, ETH, USDT, etc.)
3. Enter Amount — input either the fiat amount or the desired cryptocurrency quantity (the system will automatically convert between them)
4. Select Payment Method — choose the most convenient option from available choices
5. Confirm Selection — click continue to proceed to the next step

Step 3: Verify Details and Create Virtual Account (if needed)

Before final confirmation:

• Check the deposit account where funds will be credited
• Carefully review payment details
• Ensure all data matches your KYC verification

If this is your first payment via this method, creating a virtual account may be required. In that case:

• Click “Continue” in the payment confirmation window
• Fill in the required information (full name, email, phone number)
• For some methods, additional info such as bank name, account type, or bank details may be needed

Step 4: Confirm Payment Method

After adding or selecting your payment method, click “Confirm” to proceed.

Step 5: Enter Security Code and Complete Payment

At this stage:

• The system will prompt for deposit confirmation
• Enter the security code (if required)
• Click “Pay”
• Wait for the payment operation to complete

Important Conditions for Different Payment Methods

Each payment method has its features and processing time requirements:

BLIK (Poland): Payment must be made within 8 minutes after order creation. If the transfer is made after the expiration, funds will be returned to your fiat wallet.

e-Check (Japan):

• Complete the payment as soon as possible and avoid duplicate transfers
• A fee of 660 yen is charged for each returned payment
• If the payment amount differs from the order by more than 1.2%, or if the payment is received more than 72 hours later, the system will automatically create a new order with an updated exchange rate
• The maximum daily limit is 20,000 USDT
• Refund process takes 7–14 days

Instant EFT (South Africa):

• Make the payment within 10 minutes after order creation
• A window will open for bank selection and authorization
• Ensure the payment amount exactly matches the order amount
• If the payment is completed but the order is canceled after the time limit, the system will process the payment and credit the cryptocurrency to your account
• If amounts do not match, the payment is automatically declined, and funds are returned within 48 hours

Bank Transfers (Nigeria and others):

• Initiate transfer within 24 hours after order creation
• If the transfer is made after the deadline, the system will automatically refund the funds within 2 business days
• Ensure the transferred amount exactly matches the order amount
• If a refund occurs due to recipient data mismatch, funds will be fully returned; if the payment is rejected by the system, a fee may be deducted

Bank Card Payment (Argentina, Bolivia, Brazil, Chile, Mexico, USA):

• Complete the payment within 30 minutes to prevent order expiration
• If the payment is successful but the order is canceled, the cryptocurrency will still be credited to your account
• Additional information may be required during the payment process

Receiving Cryptocurrency and Tracking Status

Step 6: Notification and Funds Credit

After completing the payment:

• You will receive an email notification about the operation status
• If the payment is successful, the cryptocurrency will be credited to your account within 48–72 hours (timing depends on the payment method)
• If issues arise, the notification will specify the reason

Order Tracking

You can track your order status:

• Go to “Order History” or “My Orders”
• Find your cryptocurrency purchase order
• Check the current status (processing, completed, error)
• Use the order ID for identification

What to Do if Payment Fails

If more than 3 business days pass and the cryptocurrency has not arrived in your account:

• Confirm that the payment was actually made (check your bank statement)
• Contact support with your order ID and payment receipt
• Attach screenshots of the payment confirmation

Tips for Successful Fiat Cryptocurrency Purchases

Here are some recommendations to help you avoid mistakes when buying cryptocurrency:

1. Verify the amount precisely — ensure the payment amount matches the order amount (even small discrepancies can lead to rejection)

2. Follow time limits — different methods have different timeframes (from 8 minutes to 24 hours), do not delay your payment

3. Use the correct account — make sure your bank account or card is registered in your name and matches your verification data

4. Save confirmations — keep screenshots and receipts of payments for potential disputes

5. Check supported countries — before attempting a purchase, ensure your country and currency are supported

6. Read special conditions — each country may have additional verification and document requirements

7. Start with a small amount — for your first payment, it’s recommended to try a small sum to ensure everything works correctly

By following this detailed guide, you can safely and efficiently purchase cryptocurrencies using your preferred fiat payment methods.