CoinEx-Simplex Deal Allows Buying Cryptocurrencies with Credit Cards

CoinEx-Simplex Deal Allows Buying Cryptocurrencies with Credit Cards

CoinEx, a global crypto exchange, has signed a partnership agreement with the EU licensed fintech company Simplex to facilitate buying cryptocurrencies on CoinEx, according to BTCNN website.

Under the partnership, CoinEx customers can buy major cryptocurrencies such as Bitcoin, Bitcoin Cash and Ethereum with Visa or MasterCard credit cards.

Haipo Yang, founder and CEO of CoinEx, 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 to our platform. We endeavor to provide our current and potential users with more convenient functions.”

Simplex only imposes fees of 3.5 percent per transaction (at least $10). The daily limit for each user is $20,000, while the monthly limit is $50,000.

For his part, Co-Founder and CEO of Simplex Nimrod Lehavi said:

“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.”

CoinEx obtains license to operate in Estonia

With the listing of more than 100 projects, CoinEx has rapidly established itself as one of the popular crypto platforms. In December 2019, the company has succeeded in obtaining a license to operate in Estonia.

“Our goal in 2020 is to cover at least 10 different languages speaking markets, and building a fiat gateway is our first move to attract more users around the world,” said Haipo.

Earlier, Binance has inked an agreement with Simplex to allow its users to buy cryptocurrencies with their credit cards.

Changpeng Zhao, CEO of Binance said:

“Partnering with Simplex has given us the ability to increase our user base and open up BitMart to a wider audience. This feature is one of the most requested ones and we are proud to have a secure solution that lets us accept credit and debit cards.”

Today, Cryptolydian reported that Binance has announced that it will launch soon a new platform named ‘Binance KR’ in the Korean market.

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Rabea Maguid 551 Articles
Rabea Maguid is a journalist completely obsessed with crypto industry. He holds B.A. from Al-Azhar University, and has a background in journalism and economics. Rabea Maguid likes to think about the future in a positive way, and sees blockchain as a potential driver of deep societal change.