In case you missed our last CoolWallet feature update, we are proud to announce that we have successfully partnered with Simplex. This partnership brings more options for CoolWallet customers who would like to exchange their fiat into crypto. Customers who prefer to do KYC-free transactions enjoy using Simplex. We’ll get more into that below.
Who is Simplex?
Simplex is an EU based institution that provides the fiat infrastructure for the crypto community. Their payment processing and state-of-the-art fraud prevention technology gives customers the confidence that every transaction is safe. Simplex is also the largest provider of fiat to crypto exchanges that allows for KYC-free service. This service is provided for those who trade anything under $150 USD. For transactions over $150, a one-time KYC is required.
Simplex and CoolWallet S
We here at CoolWallet S strive to provide our customers with the most and the best choices when it comes to features. Our new Marketplace section of the app allows you to perform a variety of transactions from a variety of providers and partners. Now that Simplex has been added to the fiat-to-crypto platform, users can now exchange their fiat into the following cryptocurrencies:
- Bitcoin (BTC)
- Litecoin (LTC)
- Ethereum (ETH)
- Binance Coin (BNB)
- Ripple (XRP)
To make a transaction, Simplex can be found in the Marketplace. A tutorial is also available.