On September 13, 2022, the world-renowned crypto exchange CoinEx launched the 7-day promotion “Buy/sell cryptos via Banxa now and enjoy 0% fee” jointly with Banxa, a third-party fiat currency service provider. During the campaign, all CoinEx users can purchase or sell USDT, USDC, BTC, and ETH with 0% fees.
Instead of the “C2C fiat trading model”, on CoinEx, users buy cryptos with fiat currency through the “B2C fiat trading model” where they can buy and sell Bitcoin and other cryptocurrencies directly from/to third-party fiat currency service providers on the exchange. Right now, the exchange has partnered up with six such service providers, including Banxa, Guardarian, Simplex, Mercuryo, MoonPay, and Advcash, which support over 60 kinds of fiat currencies through Visa or Master Card. With these third-party service providers, CoinEx users can buy mainstream cryptos such as BTC, ETH, and USDT anytime they want.
As a third-party fiat currency service provider, Banxa provides compliant crypto-to-fiat services for crypto users and supports multiple payment methods, including global credit card providers, bank transfers in the EU, Australia, and the UK, and cash payments. At the moment, Banxa supports 31 different types of fiat payments on CoinEx and supports payment methods that include Visa, Master, SEPA, BANK, etc.
It should be noted that this is the first time that CoinEx has teamed up with a third-party fiat currency service provider to host promotional events, which indicates that the exchange plans to expand the scope of user benefits and reflects its commitment to improving fiat deposits/withdrawals.
During the seven-day promotion, all CoinEx users can buy or sell USDT, USDC, BTC, and ETH with 0% fees! The details are as follows:
I. Duration
8:00 on Sep 13, 2022–8:00 on Sep 20, 2022 (UTC)
II. Participation requirement
All CoinEx users
III. How to participate
- Go to the CoinEx “Fiat” page:
Web: Click [Fiat] on the navigation bar of the CoinEx website;
App: Tap [Fiat] icon on the CoinEx App homepage;
Select the fiat and crypto you need;
Select Banxa as your preferred service provider;
Follow the step-by-step instructions provided by Banxa to complete the purchase or sale.
IV. Services available on Banxa Purchase Supported Fiat:
USD, AUD, CAD, CZK, DKK, EUR, GBP, HKD, NOK, PLN, RUB, SEK, JPY, SGD, TRY, AED, ARS, BRL, IDR, INR, KRW, MXN, NZD, PHP, QAR, THB, VND, ZAR, CHF, MYR, TWD
Supported Crypto: USDT, USDC, BTC, ETH
Payment Method: Visa, Master, SEPA, BANK
Sale
Supported Fiat: AUD, CAD, EUR, GBP
Supported Crypto: USDT, USDC, BTC
Payment Method: Visa, Master, SEPA, BANK
V. Notice
CoinEx only provides third-party service providers for users to choose from when in need of selling cryptos. Please contact the customer service of the relevant platform if any problem occurs.
CoinEx reserves the right of final interpretation of this promotion.
Follow CoinEx’s official website or SNS accounts to find out more about the promotion. In the future, CoinEx will partner up with more third-party service providers of fiat deposits and withdrawals in giving back to its users. Please stay tuned.