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What is a Fiat or Payment Gateway?

What is a Fiat or Payment Gateway?

A fiat or payment gateway allows users to buy Bitcoin and other cryptocurrencies using fiat currencies on Bitget. A fiat gateway essentially serves as the bridge between fiat currencies and crypto ecosystem, allowing users to trade their fiat currency for crypto, which gives them the opportunity to participate in the crypto ecosystem without needing a traditional bank account.

Therefore, fiat gateways can be treated as the entrances to the cryptocurrency world, the step at which you can deposit fiat into a cryptocurrency app or exchange.

Different Fiat Gateways and Channels Available on Bitget

Third Party Channels

Third Party Channels allow users to purchase cryptocurrencies and stablecoins directly from the 3rd party interface. Bitget currently supports many third party channels, like Banxa, Simplex, Mercuyo, Xanpool, Geopay, Transfero and Neofi. Most of these channels accept credit cards, debit cards, direct bank transfers, PayPal and more. Users can use these supported payment methods to directly buy Bitcoin and other crypto currencies and deposit to Bitget account.

P2P Channels

Buy Bitcoin or other crypto currencies directly from other Bitget users or merchants with your local fiat currency via Bitget P2P platform. Browse a variety of crypto listings to shop the best offers on Bitget from other users. With thousands of merchants and hundreds of payment methods available, Bitget P2P caters to many regions in the world.

How to buy crypto

Step One: Create an account on Bitget and complete identity verification to enjoy the full Bitget Fiat experience.

Step Two: Click Buy Crypto -> Third Party Payment to choose your preferred 3rd party channels. We periodically organized a “zero payment fee campaign” for selected channels to enable our users to buy crypto with lowest cost. The user interface is intuitive and easy to understand, even if you're a first-time buyer.

Step Three: You may also skip step two and buy cryptocurrencies directly from other users through Bitget P2P. Bitget P2P is another popular option among cryptocurrency traders on Bitget. However, you’ll need to create a Bitget account to start P2P trading with cryptocurrency traders.