OKCoin, one of the largest regulated fiat-to-crypto exchanges in the world partnered with Simplex. OKCoin is a Chinese digital currency exchange which was founded in 2013, with service in 184 countries,
Has partnered with Simplex to enable users to make USD deposits via debit or credit card. Okcoin has launched Euro Trading for Bitcoin, Ethereum and other Cryprocurrencies. With this addition of accepting credit and debit cards, OKCoin offers users even more ways to securely onboard fiat.
Simplex is a FinTech company providing payment processing solutions, to enable international users to make USD deposits via debit or credit card. It is an EU licensed financial institution providing fraudless payment processing solutions worldwide. In case of a fraud chargeback, the merchant gets paid by Simplex.
Its fraud prevention solution and proprietary AI technology block fraudulent users and allow legitimate users to complete payments with ease. Simplex’s solution increases conversion rates and enables merchants to focus on growing their business. Simplex processes credit card payments with a 100% guarantee .
The feature is available to users outside of Europe, China and the United States, with plans to extend functionality to additional countries in the future. OKCoin is one of the largest and most trusted fiat-to-crypto trading platforms in the world.
“Traders and businesses come to OKCoin to seamlessly convert between fiat currencies and today’s leading digital assets,” said OKCoin CEO, Tim Byun. “Our users have been asking about debit and credit cards and we are glad to deliver a new payment option for them. As we welcome Simplex to our existing banking and fiat partners, our goal remains to make it easier than ever to start trading crypto quickly and confidently.”
Founded in 2013, OKCoin offers advanced features for crypto beginners and high-volume traders alike, enabling users in 184 countries worldwide to exchange fiat currency including the US dollar and the euro for Bitcoin, Bitcoin Cash, Cardano, Ethereum, Ethereum Classic, Decred, EOS, Litecoin, XRP, Cardano, 0x, Stellar, Zcash, 0x, TRX, XRP, Zcash, and other digital assets.
“Easy and fast credit card payments, for mainstream users, is a key factor in wider adoption of crypto in general,” said Nimrod Lehavi, Co-Founder and CEO of Simplex. “We’re thrilled to partner up with OKCoin and together enable a much better, fast, and easy experience.”
OKCoin strives to maximize the number of choices for its customers, and with this latest addition of accepting credit and debit cards, OKCoin now offers users even more ways to securely onboard fiat. Simplex combines the best in fraud prevention with cutting-edge payment processing technology.