Sirlibz
Kucoin, one of the top cryptocurrency exchange on June 12 announced that it will add support for the following fiats :
Indian Rupee (INR), Argentina peso (ARS), Philippine peso (PHP), United Arab Emirates Dirham (AED), Azerbaijani Manat (AZN), Chilean peso (CLP), Colombian peso (COP), Costa Rican Colon (CRC), Dominican peso (DOP), Georgian lari (GEL), Kazakhstan tenge (KZT), Moldovan leu (MDL), Namibian dollar (NAD), Peruvian sol (PEN), Qatari riyal (QAR), Uruguay peso (UYU) and Uzbekistan som (UZS).
Those fiats can be used to purchase cryptocurrencies on Kucoin exchange.
How to Do It
Kucoin has over the years accelerated its fiat expansion, the exchange has introduced 3 platforms that help them achieve this which are ; Simplex, Banxa and OTC trading desk.
To access this services for fiat, exchange users are to visit the “Buy Crypto with Credit card” page on the kucoin website, select Simplex platform and set the payment to any of the above mentioned fiat and buy Crypto directly from you’re card.
Kucoin has support for over 50 fiat currencies as USD, EUR, and AUD.
Kucoin CEO Johnny Lyn stated.
KuCoin has been committed to promoting the mass adoption of blockchain and cryptocurrencies, and an easy channel to transact from fiat to crypto will largely contribute to this. KuCoin is one of the earliest mainstream exchanges to support Simplex. Also, in addition to fiat gateways like Simplex and Banxa, we are investing a lot to develop our OTC Trading Desk service. Through continuous efforts on fiat channels, KuCoin welcomes more newcomers to embrace and make contributions to the crypto world.
