buy crypto with simplex

Popular Israeli-based fiat gateway provider Simplex has recently added support for two fiat currencies. The Japanese Yen and the Canadian dollar.

Buying crypto is becoming easier. According to reports, users on Simplex partner exchanges like Binance and Huobi will have access to this service. To purchase digital currencies all you need is your credit card.

Founder and CEO of Simplex, Nimrod Lehavi, confirmed the news. He pointed out that the firm is also planning to include support for the Russian Ruble and the Turkish Lira. Other fiat currencies are expected to follow suit in the near future.

For the initiated, Simplex currently offers fiat gateway services to several crypto exchanges. Some of them include the world’s behemoths like Binance, Huobi, and Poloniex.

Still speaking in the announcement, Lehavi said: “it is not every partner that will add support for every currency […] they will even roll out this service in the next few weeks with some prominent exchanges.”

Simplex currently supports three different fiat currency on its platform. They include the US Dollar (USD), the Euro (EUR) and the British Pound (GBP). He, however, disclosed that the service itself will not be in charge of any digital currency. Instead, their partners will be in control of all the details.  

About Simplex

Israeli-based fintech company Simplex currently claims to run a payment processing platform that is fraudless. It provides its users with zero fraud assurance.

As it stands, Simplex prides itself on providing affordable services which will assist users in saving transaction fees. The regular fees range between 2-3%. It may be higher, depending on the currency involved. If a Simplex user, however, decides to purchase crypto with his/her credit card, no forex payment will be charged for the purchase.

Simplex currently has about 120 partners worldwide. In October, the exchange partnered with Tron.

Previously, Altcoin Buzz reported that Binance US is considering adding a handful of coins.

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