homepostsDoes simplex have a Cryptocurrency?

Does simplex have a Cryptocurrency?

Kevin VoigtSep 28, 2021

Founded in 2014, Simplex has grown into a leading fiat-cryptocurrency gateway connecting market participants including exchanges, brokers, wallet and liquidity providers. Simplex delivers the infrastructure for users to buy or sell cryptocurrencies (i.e. on-ramp/off-ramp capabilities) using credit and debit cards.

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Keeping this in consideration, is simplex a legit company?

Simplex is a fintech & crypto company that provides online merchants with fraudless online payment processing solutions. Established in 2014, Simplex began its fight against fraud in the bitcoin ecosystem. ... Unfortunately for all of us, online fraud is a grim reality.

Regarding this, how do I get crypto on Simplex? How can I purchase BTC with Simplex?
  1. Open your Abra app.
  2. Tap: '+Add Money'.
  3. Tap: 'Visa/Mastercard'.
  4. Tap: the 'Copy bitcoin (BTC) address.
  5. Tap: 'Buy bitcoin through Simplex'.

Similarly, how does simplex crypto work?

Simplex lets you buy cryptocurrencies and pay by credit card, with no account required. ... Enter the credit card details on Simplex and pay. You will receive your funds in the desired wallet.

Is simplex crypto safe?

Based in the EU, the team behind Simplex aims to “de-fraud” the cryptocurrency market, and make it a relatively-stable (as far as security is concerned, at least) and safe place for both long-term investors and every-day traders, alike.

How do I get my money back from Simplex?

Unfortunately, due to the irreversible nature of cryptocurrency transactions, we do not offer refunds. Please be aware that once your payment is approved and the cryptocurrency is sent - our part of in the transaction is over as we do not have access to that cryptocurrency anymore.

Is simplex expensive?

Simplex can charge up to 5% per transaction with a $10 fee minimum.

Why is simplex declining my payment?

Payments can be declined for various reasons – by the issuing bank, due to an unsupported geographical location, for processing reasons, technical reasons or risk-related reasons, etc. We are not always able to disclose our reasons for decline, as we do not wish to expose how our AI payment checking system works.

Can I use simplex in the US?

TEL AVIV, ISRAEL / ACCESSWIRE / October 1, 2020 / Simplex, the world's leading fiat-crypto payment processor, today announced extended coverage within the U.S. to enable more users to purchase crypto assets easily and risk-free.

Is simplex checkout safe?

First, I would like to assure you that Simplex is not a scam. We are a fully licensed financial institute in the EU, and take extreme measures to ensure the safety of all the transactions that are sent to us. Re: SIMPLEX.com is a fraud company. You have been warned.

Can you buy crypto on Coinomi?

You can buy crypto currency with fiat currency directly from Coinomi via third party services. To buy coins, simply open the left sidebar and select one of the "Buy Crypto" options, or open our website and click on the link "Buy Crypto" at the top. Coinomi doesn't hold any fiat currency.

Can I use Amex to buy Bitcoin?

American Express is one of the few credit card issuers that allows you to purchase Bitcoin and other cryptocurrencies with a credit card. Bank of America and Citibank are among the issuers that had permitted the practice but have since banned all cryptocurrency purchases.

Who is Moon pay?

MoonPay is a financial technology company that builds payments infrastructure for crypto.

Is KYC a simplex?

Simplex, a service that provides fiat on-ramps for crypto exchanges is removing know-your-customer (KYC) restrictions for transactions below $150. The move is part of efforts to increase cryptocurrency adoption by eliminating needless regulatory hurdles for microtransactions.

Does simplex work with Paypal?

Currently we accept only VISA and MasterCard credit/debit cards, however these can be issued by Paypal. Other Paypal payment methods are unavailable.

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About The Author

Kevin Voigt

Kevin is an Entrepreneur, Digital Nomad, Student, and ICO Marketing Manager currently based in Berlin & Champaign. He is actively involved in the Blockchain space and has worked in numerous projects in the Silicon Valley since 2017. His interests revolve around Finance, Consulting, and Blockchain Research.