Bitcoin
$ 35,463
Ethereum
$ 1,364.2
Litecoin
$ 151.77

CoinEx Exchange and Simplex Partner to Easily Buy Cryptocurrencies With Credit Cards

On March 31, crypto exchange CoinEx disclosed they will become partners with Simplex in order to aid crypto credit card purchases.

As per the exchange’s press release says, CoinEx users are now able to buy 5 digital currencies such as Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Litecoin (LTC) and Tether (USDT) with their credit or debit cards. While there’s no number specified, the fiat currencies supported for payments will be the US dollar, euro, and the Canadian dollar. Making a comment about the deal, the CEO and founder of CoinEx, Haipo Yang said:

“We are thrilled to be partnering with Simplex to lower the threshold for more people to enter the crypto world. This is also a milestone for CoinEx, as it’s the first fiat onramp we integrated into our platform. We endeavor to provide our current and potential users with more convenient functions.”

Simplex was founded back in 2014. They have shown itself to be an important company in the crypto industry, especially when it comes to offering credit and debit card services. It charges 3.5% of each transaction and has a $10 minimum fee. However, its platform is not for institutional investors because it has a daily cap for purchases of $20,000, together with a $50,000 monthly limit. Here’s what the chief executive and co-founder of Simplex, Nimrod Lehavi, had to say about the partnership with CoinEx:

“Enabling fast and secure credit card payments is a key step to mass crypto adoption. We are excited to partner up with CoinEx and bring a better and easier experience to users worldwide.”

 

Related Posts

Leave a Reply

Newsletter

Subscribe To Newsletter

For updates and exclusive offers, enter your e-mail below.

Popular Posts

KardiaChain is Launching Its Interoperable Mainnet
January 19, 2021By
Visa calls off $5.3B acquisition of digital currency-friendly startup Plaid
January 19, 2021By
BC Technology Group raises $90 million in fresh stock offer
January 19, 2021By

Advertisement

Video Posts

In
Promoting Blockchain Adoption in Africa
January 19, 20210
In
Decentralized Finance As a Backbone of Global Economy
January 19, 20210

Crypto Stats


CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin35,463 0.32 % 2.82 % 4.49 %
Ethereum1,364.2 0.34 % 2.46 % 30.50 %
Tether1.000 0.07 % 0.01 % 0.00 %
Polkadot15.94 1.58 % 6.49 % 92.90 %
XRP0.2901 0.42 % 6.92 % 1.18 %
Cardano0.3608 0.50 % 1.39 % 25.35 %
Litecoin151.77 0.63 % 4.77 % 14.11 %
Bitcoin Cash502.63 0.40 % 2.87 % 11.27 %
Chainlink20.67 1.53 % 4.37 % 48.68 %
Stellar0.2922 0.52 % 4.72 % 4.01 %