SnapEx, a new cryptocurrency contract trading platform, has partnered with leading payment processing company Simplex, enabling users to purchase crypto using credit cards directly on the SnapEx app and web trader.
Simplex allows users to buy Bitcoin at a 5% fee on SnapEx with complete fraud protection. Users can use either a Visa or Mastercard credit card to purchase Bitcoin, which will then be automatically converted to USDT (based on the latest BTC market price) in the user’s trading account once the transaction is completed.
With this partnership, SnapEx users will have access to greater liquidity and an alternative means of funding their trading accounts anytime, anywhere. In most cases, payments will be processed immediately.
“We have always believed that cryptocurrency trading should be accessible to everyone, and our partnership with Simplex exemplifies exactly that. SnapEx was created to be an easy-to-use contract trading platform. Now, our users can easily buy crypto to deposit in their trading accounts in a snap,” said Ee Wui Yang, CMO of SnapEx.
With SnapEx contract trading, users can easily hedge market risks with only a small amount of capital and without needing to purchase the actual trading asset. In addition, SnapEx contract trading does not have an expiry date, which allows the flexibility to close positions according to market changes.
Users can trade contracts on SnapEx from as low as 5 USDT and leverage as high as 100x. The low entry bar into contract trading on SnapEx aims to attract both crypto and non-crypto traders while encouraging greater adoption of the blockchain industry.
Fees are 5% per transaction.
Minimum amount per transaction is 50 USDT (equivalent to latest market price of BTC).
Daily transaction limit is 20,000 USDT (equivalent to latest market price of BTC).
Restricted countries and regions fall within the FAFT list, including Algeria, Bangladesh, Bolivia, Cambodia, China, Ecuador, Jordan, Kyrgyzstan, Macedonia, Nepal, Nigeria, Taiwan, Thailand, and the USA.
Transactions may take up to 24 hours if there are issues in identity verification.
SnapEx is a simple contract trading platform that allows traders to profit in crypto market movements without needing to purchase crypto assets.
Boasting among the lowest spreads and slippages in the market, SnapEx has a low entry bar which allows anyone to trade anytime, anywhere. The prices on the platform are transparent, by using a K-line weighted average from four major crypto exchanges.
SnapEx is headquartered in Hong Kong and has offices around the world, including Seychelles, Singapore, South Korea, Japan, Malaysia, Vietnam, and many more.
With its easy-to-use and systematic trading solutions, SnapEx encourages users to make more rational professional contract trading decisions in a verifiable, self-disciplined, and programmable manner.