Nimrod Lehavi is the founder and CEO of Simplex. The payment processor was developed in 2014 in Israel, but it accepts users from a wide variety of countries. It has created innovative solutions that guarantee users 100% fraud-free transactions. Simplex has also adopted a zero chargeback guarantee, and this helps to protect businesses that are transacting on the internet. Below are the top crypto sites that support fiat to crypto deposits with Simplex payment processor.
Top 12 sites for buying, selling and trading crypto with Simplex
This is the toplist with the best sites to buy, sell or trade cryptocurrencies through Simplex. To learn more why a certain site is ranked the way it is, you can read our review by clicking the review button.
We generally recommend using an exchange or platform with good track record, great reputation and positive feedback from its customers. The better option for you as customer, the better ranking we give them.
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- 1 Top 12 sites for buying, selling and trading crypto with Simplex
Simplex deposit method allows crypto traders to make payments to various crypto exchanges without worrying about fraud. It is worth noting that a lot of money is lost to fraud in the crypto market, and Simplex helps to alleviate this problem. This payment gateway stands out because it is extremely easy to use. The 1st of September, 2021, Canadian Nuvei completed the purchase of Simplex, that still keeps the same brand name and operate the same way it used to do. Let’s look into the main pros and cons with Simplex for crypto funding.
+Simplex offers 100% fraud-free transactions.
+The user interface is simple to use.
+There are many crypto sites that accept Simplex.
+You can use it to transfer cryptocurrencies and fiat currencies.
+Simpex is secure and reliable.
-Some cryptocurrencies aren’t supported by Simplex.
-Simplex transfer fees can be very high.
-You can’t transfer funds anonymously.
-Simplex deposit method has many excluded countries.
-It doesn’t have desktop or mobile apps.
What is Simplex?
Simplex works as a cryptocurrency brokerage, as well as a payment getaway. The service is extremely fast and very easy to use. It supports credit and debit cards, as well as various cryptocurrencies. These include BTC, BSV, BNB, ATOM, DASH, and XRP.
The fees on this network range from 3.5% to 5% of the transacted amount, and there is a minimum fee of $10. That means any transfers of $200 or less will attract a fee of $10. You should note that you may have to pay extra fees if you intend to transact with fiat currencies other than USD.
Transaction speed for Simplex
Transactions made on this network will usually be completed almost instantly. However, stalling may occur once in a while because of verification issues. In such cases, the site takes up to 72 hours to process the payment.
Simplex Deposits: How to do it?
Sign into your account on the crypto exchange
Go to the deposit page and choose Simplex from the menu
Add the deposit amount and confirm the details
Complete the payment by using a verification method of your choice
Which are the main countries where Simplex is used?
This deposit method is supported in lots of countries around the world, and it is mostly used in the USA, the UK, France, Australia, Canada, and New Zealand. It doesn’t accept users from high-risk countries and countries on the FATF list. These include Cayman Island, Cambodia, Cuba, Senegal, and Yemen. Two US states have also been excluded, and they include New York and Hawaii.
Can you withdraw with Simplex?
You can withdraw funds from your crypto exchange account to your Simplex account. The site will charge you a fee for the transaction, and the money may take more than one business day to reflect in your account. If you find these transaction speeds slow, you can consider withdrawing your money using credit or debit cards.
Reputation of Simplex
Although this funding method has only been in use for a few years, it has managed to grow in popularity among crypto traders and users. One key benefit of the service is that it is extremely easy to use. Lots of other crypto deposit methods have steep learning curves and discourage people from using cryptocurrencies to make transactions online, and this issue is solved with Simplex. If the limited support for cryptocurrencies is a major issue for you, try to use Moonpay. This deposit method supports more than 80 cryptocurrencies and offers many of the benefits seen on Simplex.
Below are some of the most frequently asked questions about Simplex.
Is it safe to use Simplex for cryptocurrencies?
Yes, one of the main selling points of this deposit method is the fact that it offers high levels of safety. It guarantees that the transactions will be free of fraud and that there will be no cashbacks.
How do I set up Simplex?
To set up this payment method, you have to enter your billing information and verification details. You will only need to verify your personal details when making the first payment through the deposit method. You can visit the official Simplex website to set up your account and start making deposits on the best crypto exchanges.
Which fiat currencies can be used with Simplex?
113 fiat currencies are supported, such as ARS, AUD, BRL, GBP, CAD, EUR, DKK, SEK, ZAR, KRW, USD, AED, PHP, CHF and many more.
Is Simplex instant?
Yes, this payment method is instant. You should verify your personal details early as this will ensure that you don’t get any delays when sending money.
Which countries are banned from Simplex?
Most countries are allowed by Simplex, except a few communist and muslim countries, such as Afghanistan, Albania, Barbados, Belarus, Burkina Faso, Cambodia, Cayman Islands, Cuba, Democratic People’s Republic of Korea, Gibraltar, Haiti, Iran, Iraq, Jamaica, Jordan, Kyrgyzstan, Lebanon, Mali, Morocco, Myanmar, Nicaragua, Pakistan, Panama, Philippines, Russian Federation, Senegal, Sudan, South Sudan, Syria, Turkey, Uganda, United Arab Emirates and Yemen.
When was Simplex founded?
This payment method was created in 2014 and in 2021 it was bought by Nuvei, a stock listed global payments technology company from Montreal in Canada.
Which cryptocurrencies does Simplex support?
Simplex is supporting a wide range of crypto coins and tokens, including, but not limited to: 1EARTH, 1INCH, AAVE, Cardano (ADA), Algorand (ALGO), Cosmos (ATOM), Baby Doge Coin (BABYDOGE), BakerySwap (BAKE), Basic Attention Token (BAT), Bitcoin Cash (BCH), BNB Coin (BNB), Bitcoin SV (BSV), BitTorrent (BIT), Pancake Swap (CAKE), Celo, Chiliz (CHZ), Compound (COMP), Dogecoin (DOGE), Polkadot (DOT), Enjin Coin (ENJ), EOS, Ether (ETH), Filecoin (FIL), Flow, Fantom (FTM), GMT, STEPN, Kadena (KDA), Internet Computer (ICP), Kucoin Token (KCS), Litecoin (LTC), Make (MKR), Near Protocol (NEAR), Shiba Inu (SHIB), Telos, Tron (TRX), Ultra (UOS) and Tether (USDT).
Where is the mother company based?
Simplex was founded in Israel, and its headquarters are still in Tel Aviv. Still, it might change to Montreal over time, considering the acquisition by Nuvei.
Does Simplex only work on Apple devices?
No, you don’t have to use your iPhone when transferring funds with this payment method. You can use it on your Android or Windows device.