• Advertise
  • Submit a Press Release
  • Contact Us
Blockchain & Cryptocurrencies Tabloid
  • Finance & Blockchain News
  • Bitcoin News
    mining

    Increased Demand Requires Increase in Nodes. Here’s Everything You Need to Know About Bitcoin Mining During Lockdown

    Bitcoin wallet

    BitcoinOfficial.org- Create a Bitcoin Wallet. Official Website.

    Bitcoin price

    What Drives Bitcoin Price?

    Mining

    Railway Authorities in Ukraine Shut Down Unlawful Mining Outfit

    Bitcoin

    Economic Crises Will Not Affect Bitcoin: Ledger Founder

    Supply and Demand

    Bitcoin’s Demand and Supply Dynamics are Constant: Bitwise COO

  • Altcoin News
    • All
    • Bitcoin Cash
    • Cardano
    • EOS
    • Ethereum
    • Litecoin
    • Monero
    • Ripple
    • Stellar
    price prediction

    Bitcoin, Ethereum, and Ripple Price Prediction in June 2020

    XTZ

    TEZOS (XTZ) Join the Top 10 Crypto Coin List

    MakerDAO

    MakerDAO to Implement New Security Feature After Loophole Detected in System

    BCH

    BCH Successfully Completed a Scheduled Fork, Added Minor Upgrades

    CUSD Stablecoin

    Canadian BVCI Launches Another Stablecoin CUSD

    EOS network

    EOS Network Is Running on Borrowed Resources After EIDOS Airdrop

    Trending Tags

    • Ethereum
    • Bitcoin Cash
    • Litecoin
    • Monero
    • Ripple
  • Crypto 101
    • All
    • Cryptocurrencies
    • Exchanges
    • Services
    • Wallets
    How to Make the Right Decision before Investing in Crypto

    How to Make the Right Decision Before Investing in Crypto

    Decentralized Marketplace

    What are Decentralized Marketplaces?

    Cryptocurrency is Here to Stay

    5 Reasons Why Cryptocurrency Is Here to Stay

    Web3 Pets

    Spotlight on Web3 Pets – Will 2023 Be Their Year?

    Crypto Swapping

    A Definitive Guide on Swapping Cryptocurrency

    crypto casino games

    What Are the Most Profitable Crypto Casino Games?

  • Blockchain Events
No Result
View All Result
Blockchain & Cryptocurrencies Tabloid
No Result
View All Result

CEX.io Review | Beginner’s Guide

Anca F. by Anca F.
June 9, 2019
in Crypto 101, Exchanges

What is CEX.io?

CEX.IO is a London-based exchange which was established in 2013, which at first was both a Bitcoin
exchange and cloud mining service. But as of January 2015, its mining services were closed, which
meant that it now operates only as a cryptocurrency exchange.

The CEX platform’s services include cross-platform trading via website, mobile app (compatible with
available on Android and iOS), WebSocket and Rest API.

Supported Countries

countries
source: World Atlas

CEX.IO supports all countries that have not been mentioned in the list featured below. Residents from the following countries cannot make credit card purchases: Iceland, Vietnam, Afghanistan, Algeria, Bahrain, Iraq, Kuwait, Lebanon, Libya, Nigeria, Oman, Pakistan, Palestine, Qatar, Saudi Arabia, and Yemen.

Residents from the following countries are restricted from buying via bank transfer: Afghanistan, The Democratic Republic of the Congo, Côte d’Ivoire, Eritrea, Ethiopia, Guinea-Bissau, Haiti, Iran, Iraq, Kenya, Liberia, Libya, Guinea, São Tomé and Príncipe, Somalia, Sudan, Syria, Tanzania, Tunisia, Turkey, Vietnam, Yemen, Zimbabwe.

CEX.io’s services are not available in the following US states: Alabama, Alaska, Arizona, Arkansas,
Colorado, Florida, Georgia, Guam, Idaho, Iowa, Kansas, Louisiana, Maryland, Michigan, Mississippi,
Nebraska, New Hampshire, New Jersey, North Carolina, North Dakota, Ohio, Oregon, Tennessee,
Texas, U.S. Virgin Islands, Vermont, Virginia, Washington.

Supported currencies

The exchange features a rather limited selection of supported cryptocurrencies. The following cryptos are listed on the exchange:

cryptocurrencies
sourece: Ricmedia PC Help
  • Bitcoin (BTC)
  • DASH (DASH)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Zcash (ZEC)
  • Stellar (XLM)

CEX.IO’s exchange rates

Exchange rates on CEX.IO vary according to the platform’s market activity. The exchange rates
simultaneously fluctuate.

They are usually situated within the 0.5% to 2% range of the mid-market rate — or the rate banks
and transfer services use when they trade among themselves.

CEX Fees

fees

CEX charges 3.5% to which $0.25 / £0.20 is added as fees for credit card deposits to user’s accounts.
There have been some complaints regarding these additional fees as they amounted to ‘hidden
charges’.

However, CEX states this premium is charged in order to ensure that they will always be able to fulfill
their orders, as they operate on a different premise to most exchanges in that they will fulfill orders
at the offered rate with no exceptions.

In addition, CEX charges a 7% service charge, which is included in the price of the cryptocurrency
listed on the exchange. However, this service charge for direct purchases from CEX. The basic fees for
trades start at 0.2%. However, higher fees incur when using credit or debit cards or making
withdrawals to bank accounts.

Limits & Liquidity

CEX.IO has four different account levels which depend on the verification level of the user’s account.
Each account type features different buying limits.

Basic: Basic accounts have a purchase limit of up to $400 worth of bitcoins per day, and up to $2,000
per month. Basic accounts cannot make purchases via bank transfer.

Verified: Verified accounts are able to buy up to $10,000 worth of bitcoins per day, or up to $100,000
per month through both credit card and bank transfer.

Individual Business & Corporate: Individual Business and Corporate accounts have no purchase
limits for bitcoins.

Is CEX Safe?

safety
source: Safety

CEX claims it stores its users’ funds in offline cold storage, although it does not provide additional detail on where or how it undergoes this process. The platform employs a two-factor authentication mechanism to ensure account protection to ensure that accounts are secure upon login.

CEX was the victim of at least one hacking incident, although this happened in 2013 when the exchange just launched itself. The vulnerability fixed at that moment, and no other security incidents have been reported since.

CEX Customer Support

CEX offers customer support through email as well as a broad FAQ section. Although there are many
negative reviews and complaints online regarding CEX’s customer support, it would appear from a
number of tests that they are relatively responsive and do take the time to respond to online critique.

Conclusion

The comments and reviews regarding CEX’s are mixed within the cryptocurrency community, as it
often receives bad publicity and poor reviews. Most of these negative comments area about
perceived hidden fees in the service, slow identity verification process or customer support issues.

Although CEX has high service fees, it is still regarded as a reliable exchange for buying and selling
Bitcoin and Ethereum. The simple interface is ideal for novice traders, offering an introductory
gateway into the world of cryptocurrency.

Featured image: 99Bitcoins

Tags: BTCCEX.iocrypto exchangecrypto tradingCryptocurrencycryptocurrency exchangeDashETHXLMXRPZAC
Previous Post

6 Promising Cryptocurrencies to Invest in 2019

Next Post

Best Dash Wallets: Where to Store Your DASH

Anca F.

Anca F.

Invest at your own risk notice : The information on this website and the links provided are for general information only and should not constitute any financial or investment advice. We strongly recommend you to conduct your own research or consult a qualified investment advisor before making any financial decisions. We are not responsible for any loss caused by any information provided directly or indirectly on this website.

Related Posts

How to Make the Right Decision before Investing in Crypto

How to Make the Right Decision Before Investing in Crypto

by Hellen
January 18, 2023

Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), and Litecoin (LTC) are some of the cryptocurrencies widely reported in the media....

Decentralized Marketplace

What are Decentralized Marketplaces?

by Hellen
January 16, 2023

A decentralized marketplace is a network where trade and transactions take place independently and transparently.  This ecosystem offers minimum transaction...

Cryptocurrency is Here to Stay

5 Reasons Why Cryptocurrency Is Here to Stay

by Hellen
January 11, 2023

Cryptocurrency is changing the way we think about money and the economy. We will explore five reasons why cryptocurrency is...

Web3 Pets

Spotlight on Web3 Pets – Will 2023 Be Their Year?

by Hellen
January 10, 2023

Web3 pets have come to revolutionize the idea of owning a pet while bringing color, fun, and possibly some crypto...

Crypto Swapping

A Definitive Guide on Swapping Cryptocurrency

by Hellen
December 21, 2022

If you’re new to crypto or have heard about swapping but don’t know how to do it, this definitive guide...

crypto casino games

What Are the Most Profitable Crypto Casino Games?

by Hellen
December 8, 2022

In this article, we will talk about what crypto casinos are, how they work, and what are some of the...

We Recommend

Top Rated Casinos
Bitstarz Casino

BitcoinCasino.io
Top Crypto Betting
1xBit.com
Top Rated Exchanges
Binance Exchange

Bityard.com
Top Advertising Services
Coinzilla Display Network
Top Crypto Wallets
Ledger Nano X

Guides & Reviews

How to Make the Right Decision before Investing in Crypto

How to Make the Right Decision Before Investing in Crypto

January 18, 2023
Decentralized Marketplace

What are Decentralized Marketplaces?

January 16, 2023
Cryptocurrency is Here to Stay

5 Reasons Why Cryptocurrency Is Here to Stay

January 11, 2023
Web3 Pets

Spotlight on Web3 Pets – Will 2023 Be Their Year?

January 10, 2023
  • Terms and Conditions
  • Privacy Policy
  • Advertise
  • About Us
  • Contact Us

© 2018-2019 theccpress.com by Brantell Media.

No Result
View All Result
  • Finance & Blockchain News
  • Bitcoin News
  • Altcoin News
  • Crypto 101
  • Blockchain Events

© 2018 - 2019 theccpress.com, a Brantell Media project.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.