Academy Press Room Article

OKEx Fiat Gateway Allows Users to Buy Crypto with 30 Fiat Currencies

2020.04.03 Vivien

OKEx, the world’s largest spot and derivatives exchange, allows users to purchase cryptocurrencies directly with 30 major fiat currencies from 17 trusted payment methods, including VISA, MasterCard, and Apple Pay, etc. It is noteworthy that OKEx is now among one of the few exchanges that supports buying crypto with Apple Pay.

As of today, OKEx fiat gateway allows users to purchase Bitcoin (BTC), Ethereum (ETH), USDT, Ripple (XRP), Litecoin (LTC), and OKB with transaction fees as low as 0%.

Fiat gateway is important for exchanges

For investors, it is of utmost importance that their funds can easily enter the market so that they can start trading their desired assets right away. However, the conversion between fiat and crypto has always been complicated, scaring off potential traders and impede funds from entering the crypto market. In this case, some traditional institutions tried to lower the threshold by issuing stablecoins or launching Bitcoin derivatives, such as compliance trusts PrimeTrust and Paxos, and traditional exchanges like ICE and CME.

Crypto exchanges are also striving to break down the barriers of fiat-to-crypto trading by applying for licenses, cooperating with local C2C or fiat-to-crypto exchanges, or even acquiring local exchanges. Amidst the intense competition among major exchanges on fiat gateway, OKEx has recently made a major breakthrough.

OKEx now supports 30 fiat currencies and 17 payment methods to purchase crypto

OKEx takes the lead in fiat-to-crypto gateway by partnering with trusted payment channels to support the purchasing of crypto with 30 fiat currencies across 180+ countries and areas, including USD, EUR, GBP, KRW, JPY, RUB, TRY, USH, and more. Now users can buy crypto conveniently with 17 secure payment channels, including VISA, MasterCard, and Apple Pay, etc. Besides, users that buy $100 or more crypto on OKEx for the first order, will get $10 in free Bitcoin.

“Streamlining the fiat-to-crypto gateway is important for optimizing the user experience on OKEx. We have already covered the major payment methods, but we won’t just stop there,” said Jay Hao, CEO of OKEx. “Lowering the threshold for converting fiat to crypto (and vice versa) is critical for achieving crypto mass adoption. We will continue to simplify the crypto purchasing process so that more people can access crypto easily.”

END


About OKEx

The world’s largest and most diverse cryptocurrency marketplace, OKEx is where global crypto traders, miners, and institutional investors come to manage crypto assets, enhance investment opportunities, and hedge risks. We provide spot and derivatives trading, including futures, perpetual swap, and options, of major cryptocurrencies, offering investors great flexibility in formulating their strategies to maximize gains and mitigate risks.

Media contact:
Vivien Choi
Email: [email protected]
Telegram: @vivienchoi

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