Crypto Exchange STEX Partners with Simplex to Bring Fiat Onramp to Users Globally

UTC by Godfrey Benjamin · 3 min read
Crypto Exchange STEX Partners with Simplex to Bring Fiat Onramp to Users Globally
Photo: STEX

The cooperation between STEX and Simplex is a good initiative amid the changes the crypto and payment ecosystem is experiencing.

There are numerous cryptocurrency exchanges around the world that brings different innovations to their users but very few prioritize increased value addition to their users. With a high ranking amongst the few, STEX is bringing Fiat Onramp to its users globally as it partners with the renowned fiat infrastructure payment service provider Simplex. With the new partnership, STEX users will be able to purchase a multitude of cryptocurrencies with debit & credit cards on the STEX platform, expanding the exchange’s service geography.

Around the world, payment infrastructure and services are metamorphosing at a dynamic pace and users’ demand, particularly with the COVID-19 situation, has grown in the past months. STEX is stepping up its provisions with this collaboration and by integrating with Simplex, its users can now exchange fiat for crypto in just a few clicks and at competitive market rates.

About the STEX Platform

The exchange STEX is one of the pivotal cryptocurrency exchanges serving users in Estonia, the European Union, and the world at large. Registered in Estonia and fully compliant with EU regulations, STEX serves more than 300,000 users worldwide which it provides with its secure platform, quick transactions, and low trading fees.

As a pan-geographic exchange, the STEX platform supports about 10 languages to eliminate or limit user’s language barriers. As a renowned financial services firm, providing services of exchanging a virtual currency against fiat currencies, STEX has about 400 listed coins and tokens and it supports about 400 trading pairs all of which benefit from the exchange’s wallet service provision.

The STEX platform has garnered a lot of positive reviews since it started operations back in September 2017. Among the reasons why it is the preferred exchange includes its low trading fees ranging from 0.05% – 0.1%, mobile applications with a great user interface for both Android and iOS users, 2-factor authentication for adequate account security, Instant Login with Google, Microsoft and Linkedin accounts, a profitable referral program to reward its users and lots more.

Applauded Alliance of STEX and Simplex

The alliance with Simplex is a well-applauded one owing to the changes the crypto and payment ecosystem is experiencing. Simplex is a functional fintech startup that has partnered with over 150 exchanges and wallets, allowing millions of users to enjoy a safe and fast crypto onramp experience. To date, Simplex supports 33 cryptocurrencies and 49 fiat currencies, saving the end-users from additional issuing bank costs and conversion rates levied by credit cards.

With the highly secured infrastructure that Simplex has built, STEX users will be able to benefit from both the credit and debit card provisions of the company and as the industry leader, Simplex will help offer the liquidity network, fraud prevention technology and banking relationships that enable a zero-risk business for crypto wallets, exchanges and other blockchain companies worldwide of which STEX will benefit more from.

STEX founder Vadym Kurylovych said:

“As the worldwide demand on using crypto instead of fiat for both spending and investing grows, our mission is to build suitable infrastructure for STEX Traders – diverse and simple.”

This position is why the firm prioritizes productive alliances such as that with Simplex as it pushes forth to achieve its visions in a bid to become one of the world’s goto exchange.

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