CoinEx Offers Easy-to-use, Accessible Deposit/Withdrawal Services
According to the Crypto Exchanges 2022 Annual Report released by TokenInsight in January, last year, the top 10 centralized exchanges recorded $40.87 trillion in total trading volume (spot+derivatives), while the figure registered by the top 10 decentralized exchanges reached $1.33 trillion, which, on average, accounted for 3.15% of the whole market. The figures indicate that most crypto transactions take place on CEXs, which are the most popular platforms for buying/selling cryptos among investors.
On CEXs, fiat trading mainly includes two models: C2C trading and B2C trading. On CoinEx, users can directly buy and sell cryptos with fiat currencies via third-party fiat currency service providers with a suitable price and payment method through the “B2C fiat trading model”.
On CoinEx, users can now buy or sell mainstream cryptos such as BTC, ETH, USDT, and USDC on the Fiat page with nearly 100 fiat currencies. Moreover, the exchange also supports multiple payment methods for fiat deposits and withdrawals, spanning VISA, Master Card, Apple Pay, Google Pay, Bank Transfer, and SEPA.
Since 2020, CoinEx has kept improving its fiat trading services and expanded the fiat channels to enable convenient, fast deposits/withdrawals. According to official information, in 2022, CoinEx partnered up with 6 new third-party fiat service providers. At the moment, the exchange supports over 10 third-party fiat service providers, i.e. MoonPay, Banxa, Guardian, Simplex, Mercuryo, Paxful, XanPool, Advcash, LoopiPay, and Remitano. It is noteworthy that CoinEx is the first CEX to cooperate with LoopiPay, which further expanded the exchange’s crypto deposit/withdrawal channels.
Apart from the expanded deposit and withdrawal channels, CoinEx also launched 0% fee campaigns to bring users more benefits for buying/selling cryptos. Through those events, CoinEx users can buy/sell cryptos with 0% fees through the designated service provider. Meanwhile, by co-hosting events with fiat service providers, CoinEx introduces more investors to the crypto world with cheaper costs and greater ease.
As it teams up with a growing number of secure, compliant third-party fiat service providers, CoinEx provides fiat trading services for users in almost every corner of the globe. For instance, Simplex and MoonPay are accessible to the majority of users in Europe and the US; Remitano covers most Southeast Asian countries; users in Australia, the UK, and certain European countries can buy/sell cryptos through Banxa; LoopiPay is available to users in Brazil. CoinEx users from almost everywhere around the world can now find a suitable fiat service provider to buy/sell cryptos on CoinEx with ease.
More specifically, CoinEx users can start to trade crypto with fiat by logging in to the CoinEx website (https://www.coinex.com/) and clicking [Fiat] on the homepage. Next, they need to select the target fiat currency to access third-party service providers supporting that currency; then, after completing the relevant operations according to official instructions, users will be able to buy/sell crypto with fiat effortlessly.
Expanding the channels for buying/selling cryptos and making the crypto space more accessible have always been the goals of CoinEx. In 2023, the exchange will partner up with more fiat currency service providers and offer more fiat channels for buying/selling cryptos. As it improves its fiat deposit/withdrawal services, CoinEx will help users from all over the world trade cryptos with fiat currencies, making crypto trading easier.