Simplex (a Nuvei company) is a long-running fiat-to-crypto on-ramp that pioneered card-based crypto purchases with fraud protection and chargeback coverage, integrated across many exchanges and wallets. It is on-ramp infrastructure, not an exchange.
Key Facts
| Item | Details |
|---|---|
| Type | Fiat on-ramp |
| Owner | Nuvei |
| Strength | Card purchases, fraud cover |
| Integrations | Exchanges, wallets |
| Trading | Not an exchange |
Pros & Cons
Pros
- Pioneer card on-ramp
- Fraud/chargeback protection
- Widely integrated
- Backed by Nuvei
Cons
- Higher card fees
- KYC required
- No public market-data API
Summary
Simplex is a veteran card-based fiat on-ramp now under Nuvei, embedded across the industry. On-ramp infrastructure, not an exchange.