According to the[Cryptocurrency Exchange 2022 Annual Report]released by TokenInsight in January 2023, in 2022, the total trading volume (spot + derivatives) of the top 10 centralized exchanges reached 40.87 trillion US dollars, while the ranking The total trading volume of the top 10 decentralized exchanges reached 1.33 trillion US dollars, accounting for an average of 3.15% of the entire market. It can be seen that the cryptocurrency transactions of the vast majority of users in the market currently rely on centralized exchanges. The centralized exchange is also the most commonly used legal currency deposit and withdrawal platform for these investors to enter the cryptocurrency world.
Generally speaking, fiat currency transactions on centralized exchanges mainly include “C2C transaction mode” and “B2C transaction mode”. The deposit and withdrawal service provided by CoinEx, a global cryptocurrency asset trading platform, is a “B2C fiat currency transaction model”. Users can directly buy and sell cryptocurrencies on CoinEx at the desired price and payment method through the platform’s third-party fiat currency service provider.
At present, CoinEx supports nearly 100 kinds of legal currency payment. Platform users can independently buy or sell mainstream cryptocurrencies through the legal currency trading page, such as BTC, ETH, USDT and USDC, etc. In addition, users can also use VISA, Master Card, Apple Pay, Google Pay, A variety of payment methods such as Bank Transfer and SEPA are used for fiat currency deposits and withdrawals.
Beginning in 2020, CoinEx has continued to improve fiat currency services, helping platform users to achieve convenient and quick deposit and withdrawal by expanding more deposit and withdrawal channels. According to the official information of CoinEx, 6 third-party service providers of fiat currency will be added to the platform in 2022. Up to now, CoinEx has supported more than 10 third-party service providers of fiat currency deposit and withdrawal, namely MoonPay, Banxa, Guardian, Simplex, Mercuryo, Paxful, XanPool, Advcash, LoopiPay, Remitano, etc. It is worth mentioning that CoinEx is the first centralized trading platform to cooperate with LoopiPay, which also means that in 2022, CoinEx will reach another level in expanding fiat currency deposit and withdrawal channels.
In addition to expanding more deposit and withdrawal channels, CoinEx will launch a 0-fee activity with a number of third-party legal currency service providers in 2022, and is committed to bringing more deposit and withdrawal benefits to users. By participating in these activities, CoinEx users can achieve zero-cost deposits and withdrawals at designated fiat currency service providers; at the same time, by co-organizing activities with multiple fiat currency service providers, CoinEx also helps more investors to low-cost, low-threshold Enter the cryptocurrency space.
By supporting more and more safe and compliant third-party legal currency service providers, CoinEx provides legal currency transaction services for users in most countries and regions around the world. For example, Simplex and MoonPay support users from most regions in Europe and the United States to deposit funds. Legal currency deposit and withdrawal services in some countries, Banxa supports deposits and withdrawals in Australia, the United Kingdom and specific European countries, LoopiPay supports deposits and withdrawals in Brazil, etc. CoinEx users in different countries and regions can basically find fiat currency service providers that support their countries and regions, and realize simple and convenient deposits and withdrawals through CoinEx.
CoinEx users only need to log in to the CoinEx official website (https://www.coinex.com/), click[Fiat Currency]to enter the fiat currency trading page. The user selects the legal currency of their own country in the legal currency option, and the system will automatically display the third-party legal currency service provider that supports the legal currency. After operating according to the prompts of the system process, the user can quickly and conveniently realize the deposit and withdrawal of the legal currency.
Broadening the channels for users to purchase crypto and lowering the entry threshold for the crypto world is what CoinEx has been working on. In 2023, CoinEx will also cooperate with more third-party legal currency service providers to better provide users with more diverse Customized fiat currency deposit and withdrawal options. By improving the fiat currency deposit and withdrawal services for platform users and helping users in more regions around the world solve their deposit and withdrawal problems, CoinEx will also continue to provide simpler and more convenient cryptocurrency transaction services for cryptocurrency users around the world.