KuCoin, a Singapore-based crypto exchange, now supports the purchase of major cryptocurrencies directly using debit and credit cards, providing the exchange’s first fiat on-ramp.


According to the announcement, users can now purchase Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and XRP (XRP) through a new partnership with Simplex, a leading payment processing company. Binance recently announced a very similar arrangement.

KuCoin

Simplex will charge 5% of the transaction cost with a minimum amount of $10 — KuCoin will not charge any additional fees.

While the KuCoin card functionality does not offer direct access to the exchange’s popular altcoins, including BitTorrent and Grin, the new functionality only takes 5-30 mins to complete, allowing investors to quickly use their new crypto to buy their altcoin of choice on the exchange.

More: KuCoin Credit Card Announcement
Related: Coinbase Killer? Binance Adds Direct Debit and Credit Card Purchases

Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.