With our new fiat-to-crypto deposit service, funding your Deriv cryptocurrency account has never been easier. This guide explains what fiat deposits are and how they work.
Cryptocurrencies' rapid and significant price fluctuations create numerous profit opportunities. Staying updated with the latest trends is essential for anyone planning to engage in crypto trading. One way to participate in Deriv's crypto offerings is through crypto trading, which provides excellent opportunities to earn more cryptocurrencies while trading your favorite markets.
Before starting crypto trading on the platform, you'll need some cryptocurrency. If you spot a profit opportunity in a market, you won't want delays when funding your account or placing your first trade. The simplest and fastest way to fund your Deriv crypto account is by converting fiat currency to cryptocurrency. Services facilitating this exchange (called fiat deposits) are now more accessible than ever.
What Is Fiat-to-Crypto Exchange?
Fiat deposit services bridge the gap between fiat currency and cryptocurrency on trading platforms. They allow you to purchase crypto using fiat deposits, helping you open a Deriv crypto account and prepare for efficient trading.
Available globally, these services handle the entire conversion process. If you're new to crypto trading without existing holdings, this could be the perfect solution. Deriv supports trading with Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH), Tether (USDT) Omni, Tether (USDT) ERC-20, and USD Coin (USDC). Once you open a Deriv crypto account, purchased digital tokens will be deposited directly—no separate wallet required.
Deriv currently offers three deposit solutions for quick and easy fiat-to-crypto conversions:
- Changelly
- Banxa
- Xanpool
All are auto-configured to provide tokens compatible with Deriv's crypto accounts.
Let’s use Changelly as an example to explain how this works.
How Changelly Works
Changelly offers an on-demand trading experience—fast, secure, and globally accessible. Deposits typically take 5–30 minutes to process, depending on the cryptocurrency and blockchain conditions. Transactions are denominated in USD, with minimum/maximum amounts of $50–$5,000 per transaction.
To buy crypto via Changelly:
- Log in to your Deriv real account and switch to your crypto account.
- Click Cashier.
- Select Fiat Deposit.
- Choose Changelly.
You’ll be redirected to Changelly’s site to select:
- Payment method
- Location
- Crypto amount
- Complete verification, add payment details, and finalize the trade. You’ll return to Deriv afterward.
Now you’re ready to start crypto trading on Deriv! 👉 Sign up for a Deriv account today to begin using fiat deposit services.
FAQ Section
❓ Which cryptocurrencies can I trade on Deriv?
Deriv supports BTC, LTC, ETH, USDT (Omni/ERC-20), and USDC.
❓ How long do fiat deposits take?
Processing times range from 5–30 minutes, depending on the blockchain.
❓ Is a separate crypto wallet needed?
No. Purchased tokens are deposited directly into your Deriv crypto account.
Disclaimer:
Crypto accounts and fiat deposit methods are unavailable for EU residents. These services do not apply to UK clients.
For more details, explore 👉 Deriv’s crypto trading options.