Crypto CurrenciesBitPay and Simplex Collab to Offer Zero Fees on Crypto Purchases

Easily Purchase Crypto in the BitPay Wallet App Using a Bank Card Through Simplex
BusinessWire BusinessWireFebruary 16, 20215 min

BitPay, the world’s largest provider of Bitcoin and cryptocurrency payment services, today announced a collaboration with on/offramp market leader, Simplex to enable European users to buy crypto seamlessly with no credit or debit card fees from within the BitPay Wallet app. The promotion allows users to quickly and easily buy crypto fee-free using their debit or credit cards for up to 45 days. Included in the promotion are top coins such as Bitcoin, Bitcoin Cash, Ether, as well as PAX and BUSD. For consumers looking to get in before it’s too late, now is the time to act.

“We want to encourage first-time buyers to purchase crypto and experience first hand how easy it is to purchase, store and spend crypto through the BitPay Wallet app integration with Simplex,” said Stephen Pair, CEO with BitPay. “BitPay wants to make it simple to adopt crypto, and by working with Simplex, we can eliminate the need for users to navigate to a cryptocurrency exchange to fund the wallet and start living a life on crypto.”

Typically, buying crypto involves fees to make a purchase with a debit or credit card, however for a limited time BitPay is waiving those fees for users. Europeans interested in buying bitcoin or other cryptos or wanting to increase their crypto holdings can save on this current fee promotion. From within the BitPay Wallet app, users can also open and fund an account with Simplex Banking, a method that enables seamless and fast local payment methods. This unique solution gives consumers the power to purchase without limits and truly capitalize on market highs.

“At Simplex, we empower hundreds of partners to enable millions of people to buy billions of dollars in digital assets. We’re excited to work alongside our friends at BitPay to help anyone, anywhere enter into the crypto space,” said Nimrod Lehavi, Founder and CEO of Simplex. “Together, Simplex and BitPay are growing the ecosystem with a seamless on/off-ramping solution for every user.”

Simplex is a licensed financial institution offering the widest range of payment methods and fraud-free cryptocurrency purchases. Pioneering new methods for accessibility and innovations to its partner network, Simplex is a team obsessed with crypto adoption. Simplex was recently awarded Principal Member of the Visa network, enabling its partners to roll out debit cards to their entire user base, furthering crypto availability and closing the loop in the on/offramp flow.

As a secure, non-custodial open-source wallet, the BitPay Wallet app can purchase, store, receive, and spend crypto without compromising on security or usability. The BitPay Wallet app also supports an array of options to store crypto, make online payments, buy gift cards and turn bitcoin into euros.

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