Portal Allows You to Buy Altcoins Using Fiat, Without Converting to Bitcoin or Ethereum First

A new crypto purchasing portal is enabling users to purchase more than 20 cryptocurrencies and altcoins using fiat directly.

Netcoins, the Canadian company behind the app, says the recently launched service is operational 24/7 online - helping to deliver real-time transactions without delays.

The Netcoins team says its offering stands out from competitors because it simplifies transactions for crypto enthusiasts, and eliminates the need to change fiat currencies into Bitcoin or Ethereum before going on to purchase altcoins.

Saving customers timeIllustrating why its app will prove to be a boon for time-pressed crypto customers, Netcoins has shown how users have the opportunity to skip steps and acquire the altcoins they desire much faster than what many popular exchanges can provide.

Netcoins argues that this is in stark contrast to other exchanges, which often have slower turnaround times, a limited selection of coins, no facility for storing fiat, or a requirement that purchases are made using Bitcoin or Ethereum first.

With Netcoins, it's a simple direct fiat to Pareto process, the company says.

Netcoins is hoping to move away from the status quo, which sees crypto consumers relying on exchanges that pair Bitcoin or Ethereum with the altcoins or tokens they want to purchase.

These stores enable anyone to walk in and buy cryptocurrencies using fiat - offering customers peace of mind and providing a less-complicated method than the arduous registration processes associated with some major exchanges.

According to Netcoins, this represented year-on-year growth exceeding 400 percent - despite the price of Bitcoin plummeting precipitously as 2018 came to a close.

Mark Binns, the CEO of Netcoins, said the addition of automated KYC and the self-serve purchase portal gives the company greater scope for scalability.