{"id":512,"date":"2020-04-01T12:06:00","date_gmt":"2020-04-01T11:06:00","guid":{"rendered":"http:\/\/simplex.trackprogress.online\/?p=512"},"modified":"2023-09-06T08:50:31","modified_gmt":"2023-09-06T07:50:31","slug":"simplex-coinex","status":"publish","type":"post","link":"https:\/\/www.simplex.com\/simplex-coinex","title":{"rendered":"Simplex partners up with CoinEx to bring a fast and easy crypto on-ramp experience to users globally"},"content":{"rendered":"\n<p>Crypto exchange <a href=\"https:\/\/www.coinex.com\/en\/\">CoinEx<\/a> announced on Tuesday its partnership with\u00a0<a href=\"https:\/\/www.financemagnates.com\/tag\/simplex\/\">Simplex<\/a>\u00a0for facilitating purchases of digital currencies with credit cards.<\/p>\n\n\n\n<p>As described by the press release, users of the exchange can now buy five digital currencies \u2013 Bitcoin, Bitcoin Cash, Ethereum, Litecoin, and Tether \u2013 using either Visa or Mastercard credit cards.<\/p>\n\n\n\n<p>Though the exact number is not specified, payments will be supported with \u201cvarious\u201d fiats, including the US dollar, Canadian dollar, and euro.<\/p>\n\n\n\n<p>Commenting on the prospect, Haipo Yang, founder and CEO of CoinEx, said: \u201cWe 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\u2019s the first fiat onramp we integrated to our platform. We endeavor to provide our current and potential users with more convenient functions.\u201d<\/p>\n\n\n\n<p><strong>Smoothing crypto purchases<\/strong><\/p>\n\n\n\n<p>Founded in 2014, Simplex is a go-to name in the crypto industry for providing purchasing services using credit and debit cards. <\/p>\n\n\n\n<p>The platform changes 3.5 percent of each transaction as processing fees with a minimum fee of $10. the platform, however, is not suitable for institutional investors as there is a daily purchasing cap of $20,000, along with a monthly limit of $50,000. <\/p>\n\n\n\n<p>\u201cEnabling 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,\u201d Nimrod Lehavi, co-founder and chief executive of Simplex, said.<\/p>\n\n\n\n<p>Licensed in the European Union, Simplex\u2019s client list includes big names like\u00a0<a href=\"https:\/\/www.financemagnates.com\/cryptocurrency\/news\/bitasset-ties-with-simplex-to-enable-credit-card-payments\/\">Binance<\/a>\u00a0and Huobi. Recently, the Israeli-based startup inked a deal with\u00a0<a href=\"https:\/\/www.financemagnates.com\/cryptocurrency\/news\/bitpay-taps-simplex-to-smooth-cryptocurrency-purchases\/\">BitPay<\/a>, allowing its customers to directly purchase cryptocurrencies on its platform.<\/p>\n\n\n\n<p>Backed by Bitmain, CoinEx is a subsidiary of ViaBTC Group, the fifth-largest Bitcoin mining pool. regulated by the Estonian laws, the exchange is now eying global expansion by adding fiat support.<\/p>\n\n\n\n<p>\u201cOur 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,\u201d Yang added.<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Crypto exchange CoinEx announced on Tuesday its partnership with\u00a0Simplex\u00a0for facilitating purchases of digital currencies with credit cards. As described by the press release, users of the exchange can now buy five digital currencies \u2013 Bitcoin, Bitcoin Cash, Ethereum, Litecoin, and Tether \u2013 using either Visa or Mastercard credit cards. Though the exact number is not<\/p>\n","protected":false},"author":1,"featured_media":1771,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[6],"tags":[],"class_list":["post-512","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Simplex partners up with CoinEx to bring a fast and easy crypto on-ramp experience to users globally - Simplex<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.simplex.com\/simplex-coinex\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Simplex partners up with CoinEx to bring a fast and easy crypto on-ramp experience to users globally - Simplex\" \/>\n<meta property=\"og:description\" content=\"Crypto exchange CoinEx announced on Tuesday its partnership with\u00a0Simplex\u00a0for facilitating purchases of digital currencies with credit cards. 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