1. Exchange Fiat Currency for Cryptocurrency: The most common way to buy cryptocurrency with fiat currency is through a cryptocurrency exchange. There are several exchanges that allow users to buy and sell digital currencies for local fiat currency.
2. Use Credit or Debit Card: Many major exchanges, such as Coinbase, offer the option to buy cryptocurrency with credit or debit cards. This is the most convenient way to purchase digital currencies, as it is quick and easy.
3. Use an OTC Brokerage Service: Over-the-counter (OTC) brokers can facilitate large purchases of digital currencies with fiat currency. OTC brokerage services tend to have lower fees and can be more private, as they don’t require users to register in order to trade.
4. Use a Bitcoin ATM: Bitcoin ATMs are popping up in cities across the world. This type of machine allows users to insert cash into the machine and receive corresponding digital currency.