One of the Singapore based crypto exchanges, the KuCoin has gone ahead to support the purchase of some of the significant crypto coins in the market, this is with the direct use of credit or debit cards. Thus this has been able to provide the exchange with a first fiat on-ramp.
— KuCoin Updates (@KuCoinUpdates) February 8, 2019
According to an announcement that was made by the company, users are able to easily purchase Ethereum (ETH), XRP, Litecoin (LTC) and Bitcoin (BTC) through the new partnership they have gotten into with the Simplex company. The Simplex company has been established as a leading payment process platform that has proven results. Not forgetting the Binance platform also went ahead to announce a similar arrangement that they have gotten into.
More On The Partnership
The Simplex platform will be charging a 5% fee on all the transactions made having a minimum of about $10, and from here the KuCoin platform will not be charging any additional costs to their customers.
The KuCoin card for the company does not offer any direct access to the favorite altcoin exchanges, this is the likes of Grin and BitTorrent, but with the new functionally in place it will only take 5 to 30 minutes to complete. As a result, this will allow investors to use their new crypto to be able to buy their own altcoin of choice within the exchange platform.