7 Best Crypto to Fiat Exchanges – How to Choose Them

What are the best crypto to fiat exchanges? You may have accumulated a lot of crypto coins over time but you will not be able to spend your ‘money’ to buy goods and services as easily as you would have using fiat currencies.

For that you will need to convert your crypto coins into fiat currencies first. You will need a reliable and reputable crypto exchange for that.

You will find a lot of such exchanges when you surf the internet that will accept fiat currencies to exchange it into crypto coins but there are not many of these exchanges who will go the other way round.

Therefore, a little bit of prior research is required to find an exchange that will accept crypto coins and allow you to convert it into fiat currency of your choice.

Moreover, such conversion of crypto assets into fiat currencies and then withdrawing the money comes with its own significant problems.

There may be strict withdrawal limits imposed by the exchanges and the procedures may be equally lengthy and complex as well. Check out Best Crypto Analysts to Follow.

There are several instances where the users were unable to withdraw their money even after their crypto coins were converted into fiat currencies.

Needless to say, you will need to consider several factors before you finally choose a crypto exchange to convert your digital assets into fiat currency.

The exchange must be trustworthy, the fees should be affordable, the withdrawal limits must be favorable, and lots of other important factors must be taken into account.

7 Best Crypto to Fiat Exchanges

Best Crypto to Fiat Exchanges

To save you from all the stress and time needed for research, here is a list of some of the best crypto exchanges that accept crypto coins and convert them into fiat currencies.

Though this list is not exhaustive because there are lots of new crypto exchanges that come up every day, it is quite long enough to help you in making your choice.

Also remember that some of these exchanges may also allow you to go the other way round, that is, convert fiat currency to cryptocurrency.

1. Bitstamp – No Withdrawal Limits

Bitstamp is considered to be one of the leading crypto exchanges for converting crypto coins into fiat currencies. The most significant reason for it and for you to go with them is that they typically have no limits imposed on the withdrawal amounts.

This crypto exchange is also very reputed and reliable and has been around in the market since 2011. This signifies their stellar reputation and high-end services offered.

This crypto exchange is however not a very good one to choose if you withdraw smaller amounts due to the fee that they will charge for SEPA transfer.

This fee will not make your withdrawal worthy. Therefore, if you only want to withdraw large amounts, Bitstamp is the one you should surely consider choosing.

You can also make international withdrawals through this platform at a reasonable fee of 0.09% or $15 minimum.

This is quite a small amount especially when you withdraw a large amount of money.

Yes, there may be a few other crypto exchanges that may allow international withdrawals at a lower fee than Bitstamp but going with them will mean trading off with the reliability and reputation, which Bitstamp is well known for.

It may result in losing all of your capital as well.

You can withdraw different types of fiat currencies of your choice when you use Bitstamp which includes:

  • USD
  • EUR
  • GBP
  • AUD
  • CHF
  • CAD and
  • Bitcoin Cash.

In addition to that the crypto exchange also supports a wide range of major crypto coins such as:

If you want to use the services of Bitstamp to withdraw money, you will need to go through a verification process.

If you have a personal account, you will have to fill up a form with your personal information and submit it along with all valid personal ID documents.

However, you can also use a corporate account and undergo the same process of verification.

The best part of Bitstamp is that it self-regulates its processes and follows the best practices to prevent money laundering.

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They are allowed to do this because according to the UK Financial Conduct Authority, crypto assets are not subject to any ruling under their jurisdiction.

2. Kraken – Four Tiers of Withdrawal Limits

Kraken is another good and reliable crypto exchange for converting your crypto coins into fiat currency.

Just like Bitstamp, Kraken has also been around in this field for a while since 2011 which signifies its trustworthiness and reputation, though this exchange is not controlled by the government.

However, their participation with self-regulating organizations such as JADA and DATA does not let their reputation to be tarnished.

The most unique aspect of Kraken is that they have much higher withdrawal limits which typically have four different tiers and ranges from zero to four as follows:

  • Zero Tier– It has no capabilities and is the basic tier offered to those who have opened an account with them.
  • Tier 1 and Tier 2 – These tiers are unlocked only when you furnish some basic details while opening the account with them.
  • Tier 3 – This tier is unlocked if and when you actually submit the documents for verification to them.
  • Tier 4 – This is the highest tier that is reserved for corporate clients and those users who have a very high net worth and have submitted additional details and documents to them for verification.

It depends on the type of documents you have submitted to them for verification as to determine whether or not you can avail the higher tiers. If you can satisfy them, then you will be eligible to enjoy higher deposits as well as withdrawal limits.

For example, when you furnish your name, address, and date of birth while opening an account with them, Tier 2 will be unlocked. This will allow you to withdraw $2,500 every day but the monthly withdrawal limit will be $10,000.

It is needless to say, Tier 3 and 4 will have much flexible and higher withdrawal limits. When Tier 3 is unlocked, your daily withdrawal limit will be as high as $25,000 and the monthly limit will be raised to $100,000.

And, if you happen to unlock Tier 4, you can withdraw up to $100,000 daily and up to $500,000 in a month.

Kraken is also a good crypto exchange to go for because it supports a wide array of Altcoins as well in comparison to other leading crypto exchanges.

In addition to that, this exchange also supports a diverse range of major fiat currencies such as:

  • USD
  • GBP
  • EUR
  • CAD and
  • JPY

However, the withdrawal fees may vary according to the type of fiat currency you wish to withdraw your money in.

The best part of Kraken is that they conduct Proof-of-Reserve audits. This establishes a communication with the users and lets them know that they hold all of their money.

3. CEX – Credit and Debit Card Withdrawals

CEX also does not have any withdrawal limits imposed on basic accounts, very much like Bitstamp, but there is a slight difference in the terms and conditions.

If you have a basic account with CEX, there is also no need for any verification for making withdrawals. The daily withdrawal limit is $1000 and the monthly limit is up to $3000 only in such cases.

However, once you furnish your personal documents for verification to them, it is only then you can enjoy unlimited withdrawal limits.

The best part of CEX is that they allow withdrawing by using a credit card or a debit card. However, there are some limits imposed in such methods.

The limits imposed on credit and debit card withdrawals are up to $5,000 daily and up to $30,000 in a month.

Along with that, you will also have to pay a transaction fee which will vary according to the type of cards used such as:

  • For Visa the transaction fee is $3.80 and
  • For MasterCard it is $3.80 plus 1.2% of the amount withdrawn.

This means that if you use a MasterCard, you should be ready to pay a hefty amount as transaction fee.

There are also other methods of withdrawing money. One such is through the Crypto Capital of the company.

This is fully compliant method and the amount of money withdrawn through Crypto Capital will have no limits and there is no commission to be paid as well.

CEX supports different fiat currencies such as:

  • EUR
  • USD
  • RUB and
  • GBP
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As you can see, CEX is quite different from the other crypto exchanges that support converting crypto coins to fiat currencies because there are not many exchanges that support RUB.

4. OKCoin – Supports Local Currencies

Launched in 2013 in China, OKCoin is still based there but has further plans for expansion which is triggered due to the ban on cryptocurrencies by China.

The company is now hoping to start its operation in North America and, most importantly, in South America as well.

This is where it is unique and has made into this list because there aren’t too many crypto exchanges that support fiat currencies of South America, such as the Argentine Pesos.

The company also plans to support trades, deposits, and cash outs made in local currencies, which is another exclusive offer by them compared to other major crypto exchanges. However, it still has to branch out to support Euro fiat currency.

You can open both personal and corporate accounts with this exchange and each of these types of accounts has diverse levels of withdrawal limits such as:

  • Level 1 – This need submitting your personal details only and
  • Level 2 – This requires submitting your personal details along with all necessary documents to prove and verify your identity as well as proof of address.

If you are eligible for Level 2, you can withdraw up to $50,000 in a day.

There is also a level 3 which will need you to contact OKCoin to avail this benefit and enjoy a higher daily withdrawal limit of up to $500,000 in a day.

That is all about the personal account holders. As for the corporate accounts, the withdrawal limits are even higher.

However, check their withdrawal fees which can be a minimum of $15 or 0.1%. This means that this exchange is good for withdrawing large amounts instead of making small withdrawals.

The good thing about OKCoin is that it lays extra emphasis on compliance, regulation, customer protection, and credibility.

5. Coinbase – Good for Beginners

Coinbase happens to be the first choice for the beginners in crypto trading. It is also one of the leading cryptocurrency exchanges to convert crypto assets into fiat currencies and vice versa.

However, converting crypto coins into fiat currency on this platform involves high fees as well as a strict verification process.

The exchange has a high reputation and comes with an intuitive and easy to use interface.

Another significant reason that makes Coinbase a viable option to convert crypto assets to fiat currency is its reliability and partnerships with some prominent investors such as Y Combinator, Andreessen Horowitz, and Union Square Ventures.

The exchange supports some of the major crypto coins with large caps such as:

  • Bitcoin
  • Ethereum
  • Litecoin
  • Bitcoin Cash
  • Ethereum Classic and
  • 0x Project.

There are more in the pipeline. In addition to that, Coinbase also supports a diverse range of fiat currencies such as USD, GBP and EUR, just to name a few.

If you use Coinbase Pro, you will however be able to make advanced trading as well as enjoy a higher daily withdrawal limit of up to $10,000, which may not be as high a limit as other crypto exchanges.

If you want more than that, you will have to contact Coinbase. However, for that you will need to submit at least two ID proofs issued by the government.

Apart from that, you will need to furnish your phone number, address and other personal details for verification. This may not be always possible for everyone and seems too invasive.

However, the withdrawal fees of Coinbase are quite reasonable and it complies with the US regulations.

  • Best Peer-to-Peer Cash-Out Exchanges

As an alternative to the traditional crypto exchanges to convert crypto assets into fiat currencies, you can also use peer-to-peer exchanges as well.

They offer a large number of options for it and will also maintain your anonymity if you wish.

However, the P2P platforms are not as convenient as the online crypto exchanges but if you choose to take this route, you can try out these two major P2P platforms.

6. LocalBitcoins

This is good to buy and sell Bitcoin almost anywhere on the globe. You will not have to pay any fee for your transactions. You can receive money through wire transfer to your bank or any other electronic payment methods. All transactions are facilitated through an escrow account to ensure safety.

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7. LocalEthereum

Similar to LocalBitcoins, this P2P platform also offers a lot of options while maintaining anonymity during cash out. Renamed as LocalCryptos, the significant difference of LocalEthereum to LocalBitcoins is that it uses smart contracts for a transaction which ideally acts as an escrow account. The fees are reasonable ranging from 0.25% to post and offer and 0.75% to take it.

Factors to Consider while Choosing Best Crypto to Fiat Exchange

If you want to go with any other crypto exchanges other than those mentioned in the list to convert your crypto assets into fiat currency, here is a guide that you should follow for that matter.

Make a list of the factors to consider and keep it handy during your research.

  • Fees

Start with the fee structure of the crypto exchange. Typically, the income of the crypto exchanges is primarily the fees and commissions they charge on the transactions made through their platform.

There may be different types of fees charged other than trading fees such as liquidation fees. Make sure that the fee structure of the crypto exchange is very comprehensive and clear.

Especially, consider the withdrawal fees which are more common on these exchanges than the deposit fees.

This is done by the crypto exchanges to incentivize trades. Ideally, the withdrawal fee should be lower because that will make it much cheaper to cash out your assets.

For your information, the flat rate charged irrespective of the amount taken out is the best and most common type of withdrawal fee.

  • Withdrawal Limits

Next, check out the withdrawal limits imposed by the crypto exchange before you finally select one.

The exchanges may have different policies to follow and some may impose limits on daily cash withdrawals. This is usually done to ensure that security standards are high and there are no chances of any fraudulent activities.

There may also be some other regulations imposed depending on the amount withdrawn. Also, check those as well as the local tax rules. These are applicable for any amount that you withdraw.

  • Support

It is always prudent to go with a service provider that offers and not just promises to offer good customer care and support.

The same is applicable for the crypto exchanges that you want to choose to convert your crypto into fiat currencies.

The customer support team should be fast to respond, dedicated, efficient, and knowledgeable. Most importantly, they must be easily accessible via different avenues and available 24/7.

  • Reputation

You should always go with a reliable and reputed crypto exchange. The best way to find such an exchange is to find the ones that have been around in the market for a long time.

Longer the time, the more reliable the exchange will be. Also, make sure that you go through the reviews from different third-party review sites for impartial reviews to make your final choice.

  • Convenience

Finally, make sure that the crypto exchange you choose to convert crypto coins into fiat currency comes with an intuitive user interface that is easy to use.

This will ensure that you have a higher user experience and more convenience while making a transaction.

This is very relevant in today’s scenario because slower transaction speeds and complex user interfaces will result in driving users away and it will also result in other complicacies.

  • Other Factors

These are just a few important factors to consider while choosing a crypto exchange to convert crypto coins into fiat currencies.

There are also a lot of others that are not so important apparently but should not be ignored altogether.

These include liquidity, trading volume, geographical locations, jurisdiction and restrictions.


You may want to convert crypto coins into fiat to enjoy the profits made from a successful trade.

However, choosing the best crypto to fiat exchange is essential for speed, cost efficiency, and security. Always go for a reputed one.