Discover why crypto-to-fiat pairs are essential for users to move between the cryptocurrency world and the traditional financial system in Bangladesh.
In Bangladesh, cryptocurrency trading primarily involves converting digital assets into widely accepted stablecoins or major cryptocurrencies, which are then exchanged for fiat currencies like the Bangladeshi Taka (BDT). Traders often utilize the following popular crypto-to-fiat pairs:
1. BTC / BDT
2. ETH / BDT
3. SOL / BDT
4. TON / BDT
5. BNB / BDT
6. XRP / BDT
7. DOGE / BDT
8. BCH / BDT
9. SHIB / BDT
10. TRX / BDT
To facilitate these transactions, traders in Bangladesh commonly use international cryptocurrency exchanges that support a wide range of trading pairs and offer services accessible to Bangladeshi users. Some of the notable exchanges include:
- Binance offers an extensive peer-to-peer (P2P) marketplace with support for BDT, allowing users to buy and sell cryptocurrencies directly using the local currency.
- Bybit provides a user-friendly platform with comprehensive security features, supporting a variety of cryptocurrencies and trading pairs suitable for Bangladeshi traders.
- MEXC is known for its advanced trading features and competitive fees, MEXC supports a vast array of cryptocurrencies and is accessible to users in Bangladesh.
It's important to note that while these platforms facilitate crypto-to-fiat conversions, the final step of converting USD or other fiat currencies into BDT often involves additional steps, such as using local exchanges or P2P platforms that support BDT transactions.
Given the evolving regulatory environment surrounding cryptocurrencies in Bangladesh, traders are advised to stay informed about local laws and regulations.
