Simplex Eases Buying Crypto by Exempting Users from KYC with Transactions up to $150

Guest Author
May 7, 2020
This author could be anybody, but he/she is not a member of staff coingape.com and opinions in the article are solely of the guest writer and do not reflect Coingape's view.
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 Simplex, the leading fiat infrastructure for the crypto world, significantly improves new users’ adoption by allowing users to make transactions up to $150 without undergoing the rigorous KYC measures. This change will be reflected across all Simplex partner platforms. 

Going through KYC is a lengthy process for those users who want to make small first purchases, and Simplex is dedicated to ensuring that all transactions are risk-free as well as fast and easy.

This new measure has been introduced as a part of the Simplex’s steep growth towards perfecting the flow of the crypto onramp experience for users globally. Other newly introduced features include an ever-growing portfolio of native fiat currencies (Simplex currently supports over 40 currencies) and a comprehensive list of supported cryptos (20 coins as of date).

About Simplex

Simplex is an EU-licensed financial institution, providing the fiat infrastructure for the crypto industry. Simplex processes crypto-to-credit card payments with a 100% guarantee – in case of a fraud chargeback, the merchant gets paid by Simplex. Simplex’s cutting-edge fraud prevention solution and state-of-the-art AI technology blocks fraudulent users and allows legitimate users to complete payments with ease, increasing conversion rates and enabling merchants to focus on their business growth. To learn more about Simplex go to www.simplex.com

Contact for Simplex:

[email protected]

Dan Edelstein

MarketAcross PR

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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

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About Author
This author could be anybody, but he/she is not a member of staff coingape.com and opinions in the article are solely of the guest writer and do not reflect Coingape's view.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
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