Bitget, a derivatives exchange, announced that it has officially launched buying cryptos by fiat on April 13, 2021(UTC+8), which supports users to directly buy cryptos such as BTC and ETH with fiat. Users can select Buy Cryptos in the navigation bar on the homepage, and are able to exchange after selecting the service provider.
Recently, on the eve of Coinbase’s listing on Nasdaq, Bitcoin once again hit a record high, reached $63,000. In addition to the entry of a large number of institutions, more and more retail investors are also paying their attention to the crypto market. The crypto market has become an industry full of unlimited possibilities. Bitget, as a crypto service platform, always insists on user-first principle, and constantly strives to create more transaction convenience for users.
Buying crypto by fiat is important for users to enter the crypto market. In order to provide comprehensive transaction services, Bitget has introduced two exchange service providers, Moonpay and Mercuryo, which will support debit cards and credit cards. , Apple Pay, Google Pay, Samsung Pay and other channels to purchase cryptos to meet the diverse needs of users.
In Bitget, users can easily purchase 9 popular cryptos such as BTC, ETH, LTC, and support 42 fiat currencies, including EUR, KRW, JPY, USD, VND, TWD, etc. It is understood that Bitget is actively expanding its crypto exchange business and plans to launch the service of crypto exchange for fiat in the second half of this year. Bitget believes that providing bilateral exchange services between fiat and cryptos will bring users a better trading experience.
At present, there are not many exchanges that provide fiat services in the cryptocurrency industry, which undoubtedly raises the threshold for investors to join the crypto market. At the same time, it also allows more crypto investors to restrict transactions between cryptos or stable currency transactions. Bitget, as the world’s top five derivatives exchange, currently provides trading services for more than 1.2 million users worldwide. It means that users of the Bitget will be able to purchase cryptos at any time, to add positions or chase the market.
It is understood that MoonPay is a financial service provider that provides global payment solutions for cryptocurrencies. It currently provides users in 160 countries or regions with the purchase and sale of cryptocurrency services. Mercuryo is a European currency payment solution provider. It adopts PCI and DSS international information security standards to provide users with encrypted currency payment solutions. It currently provides services for the many top platforms.
Asset security is the most concern for users. The transfer of cash from credit cards to exchanges will inevitably make many users who are on the sidelines of the crypto market worry about the security and whereabouts of assets. Bitget chooses two authoritative service providers to help users buy crypto more comfortably, simply and quickly.
Bitget CEO Sandra said: “Services are the bridge linking us and users. The launching of fiat makes our service system more complete and the transaction process smoother.” She added, “The fiat support will also allow more new users to join crypto market as a bridge, and we look forward to accelerating the larger-scale application of cryptos.”
Founded in 2018, Bitget is a global derivatives exchange. Ranked among the top five on CoinMarketCap derivatives exchanges. Currently, Bitget supports USDT margined contract, Coin margined contracts, and Quanto Swap contract. The featured product One Click to Copy Trade was launched in May 2020, and there are currently more than 4,500 traders settled in.