CoinEx announced a groundbreaking partnership with Simplex to create a new promotional program for users who want to experience enhanced crypto trading. Users have the opportunity to buy USDT, USDC, BTC, and ETH cryptocurrencies free of charge throughout the promotional period from February 20 to March 6, 2025.
1.Duration:
2:00 on Feb 20, 2025 - 8:00 on Mar 06, 2025 (UTC)
2.Simplex Service Details
Fiat to Sell
- USD, EUR, JPY, KRW, ARS, BGN, BRL, CAD, CHF, CLP, COP, CZK, DKK, GBP, HUF, IDR, ILS, INR, KZT, MAD, MXN, MYR, NOK, NZD, PEN, PLN, QAR, RUB, SEK, TRY, VND, ZAR, AUD, HKD, PHP, RON, SAR, SGD, IQD, BYN, UAH, JMD, BOB, PYG, ISK, TZS, GHS, OMR, LKR, BHD, MOP, AED, PAB, LBP, MNT, TWD, MUR, KES, THB, GTQ, KWD, BWP, HRK, PKR, BDT, NGN, JOD
Supported Crypto
- USDT, USDC, BTC, ETH
Payment Method
- PIX, Apple Pay, Visa, Master Card, SEPA, ACH
Promotion Details and Accessibility
The promotion is open to CoinEx users throughout the world except for participants from the United Kingdom. The offered promotion doesn't extend to users in the United Kingdom because regional financial regulations require restrictions, which likely form the basis of this geographic limit.
How to Participate in the CoinEx Zero-Fee Promotion
Participating in the CoinEx promotion to buy cryptocurrencies via Simplex with zero fees is a straightforward process. Follow these detailed steps to make your purchase:
Step 1: Access the CoinEx Fiat Page
- On the Web:
- Open your preferred web browser and navigate to the CoinEx website.
- Look for the navigation bar at the top of the homepage.
- Click on [Buy Crypto].
- From the dropdown menu, select [Third-party Trading] to access the fiat trading options.
- On the App:
- Launch the CoinEx app on your mobile device.
- On the homepage, tap on the [More] option.
- Find and click on the [Fiat] icon to enter the fiat trading section.
Step 2: Select Your Fiat and Cryptocurrency
Once you are on the Fiat page, you will see options to select the fiat currency you wish to use for your purchase.
Choose the fiat currency that suits you best (e.g., USD, EUR, etc.).
Next, select the cryptocurrency you want to buy. The promotion supports popular cryptocurrencies such as USDT, USDC, BTC, and ETH.
Step 3: Choose Simplex as Your Service Provider
After selecting your fiat and cryptocurrency, you will be prompted to choose a service provider for your transaction.
Select Simplex from the list of available service providers. This step is crucial as it enables you to take advantage of the zero-fee promotion.
Step 4: Complete the Purchase
Follow the step-by-step instructions provided by Simplex. This will typically involve:
- Entering your payment details (credit card information, etc.).
- Verifying your identity, if required, to comply with regulatory standards.
- Confirming the transaction details before finalizing your purchase.
Once you have completed all the necessary steps, submit your order. You should receive a confirmation of your purchase shortly after.
Additional Notes
- Ensure that you have a registered CoinEx account and that you have enabled two-factor authentication (2FA) for added security before starting the process.
- If you encounter any issues during the transaction, CoinEx advises contacting Simplex's customer service for assistance, as they handle the payment processing.
By following these steps, you can easily participate in the CoinEx promotion and enjoy buying cryptocurrencies without incurring any fees. Happy trading!
Supported Currencies and Payment Methods
The promotion stands out because it enables transactions with more than sixty different fiat currencies. As CoinEx and Simplex offer users more than sixty fiat payment choices that range between major currencies such as USD and EUR and minor currencies including JPY to JOD and ARS, among others, they demonstrate dedicated service to worldwide users. Strong backing of various standards-based currencies makes it easier for multiple regions to use different payment methods in order to grow cryptocurrency market adoption.
The promotional campaign provides users the opportunity to make payments using PIX in addition to Apple Pay and Visa, MasterCard SEPA and ACH. Multiple payment methods in the promotion allow users to select from various options that best fit their geographic needs and personal preferences, thus making the experience more convenient.
Impact on the Crypto Market and User Behavior
The zero-fee promotional offer establishes major adjustments that affect how users behave alongside changes in the cryptocurrency market. CoinEx removes all transaction fees, which creates better possibilities for new investors and occasional traders to get involved, thus raising market activity levels. The current crypto market demonstrates a general trend for lowering prices and improving services based on user needs.
The promotional scheme raises sustainability concerns since it could affect market dynamics over the long run. Zero-fee trading combines with increased market speculation to boost trading volumes potentially but simultaneously produces unstable market conditions due to frequent trading actions. Entities providing these promotions need to establish proper value ratios between new user retention and their ongoing profitability structures.
CoinEx and Simplex: A Strategic Partnership
The promotion showcases the cooperative relationship between CoinEx and Simplex as major cryptocurrency ecosystem participants. Since its establishment in 2017, CoinEx has evolved into a multi-functional platform that provides support to over 1270 cryptocurrencies for serving millions of users around the world. The collaboration between CoinEx and Simplex highlights their dedication to creating better market availability and user-friendly experiences in the crypto marketplace.
The essential role Simplex plays is delivering infrastructural equipment for making effortless transitions between cryptocurrencies and fiat currencies. The quick and secure purchasing capabilities that users experience through their collaboration represent key factors in both trust-building and crypto adoption promotion.
Implications for the Future of Crypto Trading
The zero-fee promotion from CoinEx, which Simplex enables, makes a transformative impact on the crypto exchange competitive market. This initiative supports market expansion by eliminating fees while accepting various payment options and currencies, which creates opportunities to draw new users into crypto trading. The market performance of this promotion, alongside its effects on user commitment, will set benchmarks for user-oriented crypto business practices and accessibility standards in the industry.
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