Quote from: Mr.Hoffman on April 17, 2019, 07:50:10 AM

Yo guys! So, Ive been interested in the crypto world for a few months now and have just started my journey in this super exciting world!! I guess I know the basics of crypto as in, I know what fiat currency is at least I think I do. But.. Im still learning the ins and outs of the Crypto Exchange world. Tbh I feel a bit confused sometimes, with all the variety of exchanges out there, its hard to tell from a reputable name from one which is simply a rogue brand.
After a bit of research here and there, Ive come to realise that there are actually different ways and routes when wanting to exchange fiat currency to cryptocurrency. Yeah sure, some are straightforward, but heck! Some are bloody difficult to figure out and charge higher fees! Then there are those complicated ones which will give you more bang for your buck (or crypto? Hah!). Also, could you recommend the best Fiat to Crypto exchanges out there? Any words of advice?? Does anyone know which are the best fiat-crypto to exchanges out there? I also want to choose an exchange which tends to have a good selection of fiat currencies TIA guys!\

Try to avoid any credit card/debit card transactions, because these have the most spread and fees when you're transacting. If you have funds in your bank account, the best rates you're going to get is going to come from either cash deposit or bank transfer as a form of payment, not a card payment.

The specific exchange you want to use will depend on the country you're from, and what you need in terms of your volume, demand for convenience/best rates, etc. But regulated, licensed exchanges generally are much more liquid, and will give you the best rates regardless of your country. The only downside is that you need to provide KYC, which can be a very tiresome process to go through. These include exchanges like Kraken, Coinbase Pro, etc.

If you aren't comfortable with providing KYC, I suggest going with p2p exchanges like LBC or Paxful if you want convenience and decent rates. You're protected at all times by escrow, and there is a variety of payment methods.