Singapore cryptocurrency exchange KuCoin said that thanks to the integration with payment service in the Israeli FINTECH company Simplex its customers can now buy BTC, ETH, XRP and LTC with credit and debit cards, the purchase process will take them 5-30 minutes.
KuCoin not be removed from users of the Commission for the conduct of such operations and the Commission of the Simplex will be 5% of transaction amount, but not less than $10. Since the activities of the Simplex must meet the requirements of the European license daily limit for the purchase of scriptaction set at $20 thousand, and the monthly – $50 thousand considering commissions.
Q: What should I do if I want to buy some #BTC with no #cryptocurrency in my account?
A: Purchase it on #KuCoin, which provides a credit and debit card service with @SimplexCC
Learn more about buying #crypto with a credit card:https://t.co/NdSqLrO7IH pic.twitter.com/Pc297Dmqwa
— KuCoin Updates (@KuCoinUpdates) February 8, 2019
Recall that the largest volume of trading in the world of crypto currency exchange Binance in partnership with Simplex, opened users to purchase cryptocurrency with credit cards Visa and MasterCard at the end of January. And KuCoin previously raised $20 million in funding round series A from companies IDG Capital, Matrix Partners and Global Capital, Neo, who also signed with her partnership agreement for the introduction of cryptocurrencies into mass use.