Every exchange that accepts Simplex, checked for your country
Simplex deposits: availability shown for your country
Every exchange below lists Simplex among its deposit methods in the CryptoWinRate database. The list checks each venue's restricted-country list against your location. Change it if we got it wrong.
Exchanges with a CWR Score of 7 or higher and no security incident in the last 12 months.Every exchange that accepts Simplex.
Top pick for Simplex
1
B
BloFin
Spot fees (maker/taker)0.1% / 0.1%
Assets243
Max leverage150×
KYCNo KYC
No-KYC exchange with global access (incl. US, UK, Canada)
Supports 564+ spot cryptocurrencies and 462+ futures contracts
Simplex is a payment gateway built for crypto. It lets people buy or sell crypto using credit and debit cards, bank transfers, Apple Pay and Google Pay, and it serves as the fiat layer inside many wallets and platforms rather than a destination of its own. It is now part of Nuvei, a large payments group.
Paying an exchange through Simplex means you hand over your card or bank details and your identity to Simplex, which delivers the crypto to the account you name. You do not need a separate Simplex account beforehand. The payment is effectively final once it goes through, because Simplex guarantees the venue against chargebacks and carries the fraud risk itself.
The list at the top of this page shows the exchanges that accept Simplex, filtered for where you are.
Simplex history
SimplexCC Ltd. was founded in 2014 in Tel Aviv by Nimrod Lehavi, Erez Shapira and Netanel Kabala. The idea was to bring fraud-free card acceptance to crypto, a problem few processors would touch at the time. By 2020 it was handling around $500 million in payment volume.
In May 2021 Nuvei announced it would acquire Simplex for about $250 million, and the deal closed that September. The product was rebranded Simplex by Nuvei and folded into Nuvei’s payment suite. Since then it has kept expanding the cryptocurrencies and fiat currencies it supports. For someone paying with it today, the thing that matters is that it now runs on a wider payments network behind the scenes.
Simplex and crypto
Simplex is a fiat infrastructure provider, not an exchange or a wallet. It does not hold crypto for you. What it does is turn your payment into crypto and send it straight to the wallet address or exchange account you specify.
It handles both directions: buying crypto with fiat, and selling crypto back to fiat. As a Visa principal member, Simplex also has permission to issue Visa cards that give consumers daily access to digital currencies. So you will not log into a Simplex app to store coins. You meet Simplex as the checkout that funds your purchase, and the crypto lands wherever you told it to go.
How to buy crypto with Simplex
These steps work at any exchange on the list above.
Pick an exchange. Choose one from the list at the top of this page and open its buy screen.
Verify your identity. First-time buyers complete a KYC check with a government-issued photo ID and a phone number, done inline during checkout.
Choose Simplex. Select Simplex as the payment method and enter the amount you want to spend.
Pay from your own account. Use a card or payment method in your own name, and check the quoted crypto amount against the current price before you confirm.
Confirm the purchase. Approve the charge and the crypto is delivered to the account or wallet you named.
Can you buy crypto instantly with Simplex?
Simplex describes the conversion as instant, and most purchases go through within minutes. Delivery of the crypto to its destination can take longer, up to 1 to 24 hours depending on network conditions. A first purchase takes extra time because of the identity check. Weekends and bank cut-off times can slow a bank transfer, though cards and the wallet apps tend to move faster. If a payment is declined by the risk screening, it simply does not go through, so there is nothing to wait for.
Fees when buying crypto with Simplex
Simplex’s own published terms state fees of up to 5% per transaction, with a minimum fee of $10. That makes it one of the more expensive ways to buy crypto. On top of its own charge, an exchange may add a deposit fee or quote a wider price on an instant buy, so the crypto amount you are offered can sit below the spot price. The way to see the real cost is to compare the quoted crypto amount against the current market price before you confirm. The gap between them is the total you are paying.
What the chargeback guarantee costs you
Cards were historically difficult for crypto because a buyer can reverse a card payment weeks later, while the crypto is gone the moment it is sent. Simplex’s answer was to absorb that risk: it pays the venue regardless, and it prices the risk into every transaction.
You pay for that in two ways. The fee is high, and the screening is strict, because the cheapest way to underwrite fraud is to decline anything ambiguous. A first-time buyer, an unusual amount or a mismatch between card country and location can all trigger a decline that would pass anywhere else.
If you are declined, the useful response is a different rail rather than a different card. A bank transfer into the venue avoids the entire model.
How to choose an exchange that accepts Simplex
Because Simplex sits at the expensive end, the main thing worth comparing is what else each exchange offers. Look at the total cost shown before you confirm, how long verification takes, and whether you can later sell crypto back to fiat through Simplex or another route. Check which coins you can buy and the exchange’s security record. Almost all of these venues also accept bank transfers directly, which costs far less than a card purchase. Use the list at the top of this page, filtered for where you are, to see your options.
Simplex pros and cons
What we like
Card purchases complete in minutes.
Takes cards, bank transfers, Apple Pay and Google Pay.
The venue is guaranteed against chargebacks, which is why cards work here at all.
Delivers to the exchange account or a wallet address you control.
What holds it back
Fees run up to 5% with a $10 minimum, among the highest of any route.
Aggressive risk screening declines a share of legitimate purchases.
Its own identity check, separate from the venue’s.
Daily and monthly limits of $20,000 and $50,000 cap larger buys.
Questions
Simplex FAQ
Yes. The card or payment method must be in your own name, and you verify your identity to match. A payment from someone else will be declined by the screening.
Yes. Simplex handles crypto-to-fiat as well as fiat-to-crypto, so you can cash out through the same gateway where a venue offers it.
Usually it is Simplex’s own risk screening rather than your bank. It declines ambiguous transactions because it carries the loss on anything it approves. Retrying rarely helps and can reinforce the flag.
Simplex. The venue has no visibility into a payment that did not reach it. You can also track a payment’s status through Simplex’s payment-status portal after submitting it.
Simplex states a daily limit of $20,000 and a monthly limit of $50,000. Larger purchases need a different route.
A bank transfer into the venue followed by an order-book purchase, at a small fraction of the cost.
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