Trading crypto has become a popular way to earn from the high volatility of the market of digital assets, and this earning option has already proved to be efficient, but only for those who understand all the pitfalls of this market. One of the central tools in trading princesses is a crypto converter. This instrument allows for fast and convenient buying and selling of assets while you can see all the details of the deal, rates, and fees, just in front of you.
To ensure accuracy, converters typically rely on real-time exchange rates. These rates factor in the current market prices of cryptos and perform the conversion based on the specified input and output currencies. Such converters are equipped to handle a broad spectrum of cryptos, including Bitcoin, Ethereum, and numerous others, as well as fiat currencies such as the US dollar, Euro, etc. So you not only can purchase cryptocurrency but also buy fiat money and withdraw them to your bank card when using an appropriate crypto converter (on a regulated crypto platform).
Let’s see how to buy fiat with crypto using the WhiteBIT cryptocurrency price calculator.
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WhiteBIT Crypto Converter for Fiat-Crypto Pairs
WhiteBIT is a centralized cryptocurrency exchange with a broad variety of trading tools and earning options, including quick and convenient conversion of fiat-crypto pairs in both directions.
Use the WhiteBIT crypto converter to transform your crypto to fiat by following these simple steps:
- Complete verification (Undergo a verification process to enhance your withdrawal limits). Typically, this entails submitting identification documents like a passport or driver’s license.
- Deposit cryptocurrency. Head to the “Wallet” section. Locate the specific crypto you wish to convert from in your wallet and click on the “Deposit” button adjacent to it. Follow the instructions to generate a deposit address or scan the accompanying QR code.
- Employ your wallet or exchange account to send the desired amount of crypto to the deposit address provided by WhiteBIT.
- Await confirmation.
- Navigate to the “Trade” section. There, you can select the appropriate trading pair that aligns with the crypto you deposited and the traditional currency you wish to receive in return (e.g., BTC/USD, ETH/EUR).
- Specify the amount of crypto you intend to sell or the amount of fiat you desire to receive.
- Review and confirm.
- If your sell order is executed successfully, you will receive the fiat currency in your WhiteBIT account. Subsequently, you can proceed to withdraw it to your linked bank account or any other supported payment method available.
If you have any problems working with the WhiteBIT cryptocurrency converter, please, write to its customer support.