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With 8 Third-party Deposit & Withdrawal Service Providers Available, CoinEx Keeps Improving Its Fiat Currency Trading Services

2022-09-30 06:56:23

With 8 Third-party Deposit & Withdrawal Service Providers Available, CoinEx Keeps Improving Its Fiat Currency Trading Services

In the crypto space, fiat currency transactions refer to the use of fiat currency to buy, sell or trade cryptocurrencies, and mainly include the "C2C" model and "B2C" model. Many mainstream exchanges provide fiat currency trading services for their users.

According to the latest official announcement of CoinEx, so far, the exchange has partnered up with 8 third-party fiat currency service providers, i.e. MoonPay, Banxa, Guardarian, Simplex, Mercuryo, Paxful, XanPool and Advcash, which support over 60 kinds of fiat currencies. With these third-party service providers, CoinEx users can buy mainstream cryptos such as BTC, ETH, USDT and USDC anytime they want.

I. Services available on CoinEx Fiat

The deposit and withdrawal service provided by CoinEx follows the "B2C" model. Different from the "C2C" model, the "B2C" model allows users to directly buy and sell Bitcoin and other cryptocurrencies at the desired price through the payment method provided by third-party fiat currency service providers on CoinEx.

1. Payment method

CoinEx supports various payment methods such as Visa, Master Card, Apple Pay, Google Pay, Bank Transfer and SEPA. The payment methods vary among third-party fiat currency service providers. For details, please refer to the [Payment Methods] of each service provider on the [Buy] page on CoinEx website.

2. Order limit

The lowest and highest order limits may be different according to each third-party platform. Please refer to the order limit of the selected payment partner. Take Simplex for example. Transaction limits for USDT purchase range from $200 to $18,000 per order. The time needed for processing transactions varies among the third-party service providers. Normally, users will receive cryptos within 30 minutes after they complete the payment process, and the actual arriving time shall prevail. Users can check the deposit record on the [Assets - Deposit] page or on the website of the third-party service provider.

3. No fees

CoinEx will not charge any fees during the crypto-buying process. CoinEx only provides third-party payment partners for users to choose from. For the specific rules of fees charged, please refer to the fees standard of the selected payment partner. Users should contact the customer service of the relevant platform if any problem occurs.

II. How to trade with fiat currencies on CoinEx

Trading with fiat currencies on CoinEx is very simple, and can be divided into several steps as below:

1. Log into the CoinEx website, and enter the [Fiat] page. Choose the digital currency to purchase, the fiat currency to pay, and pick a service provider;

2. Enter the amount to purchase, fill in the information on the third-party service provider website, and complete payment;

3. Check your purchased assets in Deposit History on CoinEx or view the order details on the service provider website.

It is worth mentioning that, to conduct fiat currency transactions on CoinEx, users need to complete KYC authentication first and complete their personal information. Up to now, CoinEx has partnered up with 8 third-party deposit and withdrawal service providers. That is the best proof of its persistent commitment to improving fiat currency trading services, providing users with more diverse deposit and withdrawal options and more convenient trading services, and making crypto trading easier for the world.

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