| Aspect | Information |
| Company Name | Simplex |
| Registered Country | Lithuania |
| Founded Year | 2014 |
| Regulatory Authority | Bank of Lithuania (LB) |
| Cryptocurrencies Offered | 200+ |
| Fees | a flat fee of 3.5% for card processing |
| Deposit & Withdrawal | Apple Pay, Google Pay, Pix, SEPA Direct Debit and more |
Overview of simplex
Simplex is a virtual currency exchange company that was founded in 2014. While the specific country or area where it is registered is Lithuania, Simplex offers a range of cryptocurrencies for trading, including Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Bitcoin Cash (BCH), and more. It has been regulated by Bank of Lithuania (LB) with license No. is LB001894.
Pros and Cons
| Pros | Cons |
| Wide range of supported cryptocurrencies | Limited educational resources |
| Regulatory status | |
| Convenient deposit and withdrawao options |
Regulatory Authority
As of November 2023, Simplex is regulated by the Bank of Lithuania (LB) in Lithuania, with a license number: LB001894.
Cryptocurrencies Available
Simplex stands out by offering its clients access to a diverse range of over 200 cryptocurrencies, providing a comprehensive selection for trading and investment.
This extensive list includes well-known digital assets such as Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), as well as emerging and innovative cryptocurrencies like Cardano (ADA) and Solana (SOL).
Fees
| Services | Fees |
| Card processing fees | 3.5% |
| Cryptocurrency exchange fees | Vary |
| Other fees | Vary |
Card processing fees: Simplex charges a flat fee of 3.5% for card processing. This fee is in addition to the cryptocurrency exchange's trading fees.
Cryptocurrency exchange fees: Simplex does not charge any fees for cryptocurrency exchange. However, the cryptocurrency exchange may charge its own fees.
Other fees: Simplex charge additional fees for things like wire transfers or bank withdrawals.
Deposits & Withdrawals
Customers can makepurchases using Apple Pay, Google Pay, Pix, SEPA Direct Debit and more.