In the cryptocurrency space, fiat trading refers to buying, selling, or exchanging digital assets using traditional currencies. This service typically operates through two models: C2C (Customer-to-Customer) and B2C (Business-to-Customer). Leading exchanges like CoinEx prioritize fiat trading to streamline user onboarding.
Expanded Fiat Gateway Options at CoinEx
CoinEx now integrates 8 third-party fiat service providers, enabling seamless deposits/withdrawals across 60+ fiat currencies. Supported platforms include:
- MoonPay
- Banxa
- Guardarian
- Simplex
- Mercuryo
- Paxful
- XanPool
- Advcash
Users can trade major cryptocurrencies (BTC, ETH, USDT, USDC) directly through CoinEx's B2C model, bypassing peer-to-peer complexities.
Key Features of CoinEx Fiat Services
Flexible Payment Methods
- Visa/Mastercard
- Apple Pay/Google Pay
- Bank Transfers & SEPA
(Provider-specific options are displayed during checkout)
Transaction Parameters
Service Provider Minimum Order Maximum Order Processing Time Simplex $200 $18,000 ≤30 minutes Limits vary by provider; funds typically reflect within 30 minutes post-payment.
Fee Structure
- Zero platform fees from CoinEx
- Third-party charges apply (visible at checkout)
- Customer support handled directly by payment providers
Step-by-Step Fiat Trading Guide
- Access Service
Log in → Navigate to [Fiat] tab → Select cryptocurrency/fiat pair → Choose provider. - Complete Purchase
Enter amount → Submit payment details via provider’s portal → Confirm transaction. - Verify Transfer
Track deposits under [Assets → Deposit History] or through the provider’s order system.
👉 Discover seamless crypto purchases with CoinEx’s integrated gateways
Why This Matters
- Regulatory Compliance: Mandatory KYC ensures secure transactions.
- Global Accessibility: 60+ fiat options cater to diverse regions.
- User Experience: Simplified B2C model reduces friction for beginners.
FAQs
Q: Can I sell crypto for fiat on CoinEx?
A: Currently, fiat gateways support buy-only transactions. For withdrawals, convert to stablecoins first.
Q: How are exchange rates determined?
A: Rates are set by third-party providers and include real-time market adjustments.
Q: What if my payment fails?
A: Contact the service provider’s support team directly via their portal.
Q: Are there geographic restrictions?
A: Some providers exclude sanctioned jurisdictions; check their terms during selection.
CoinEx’s multi-provider integration reflects its commitment to accessible, compliant crypto trading. By eliminating platform fees and offering varied payment rails, it lowers barriers for mainstream adoption.