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CEX.IO ProsEasy and user-friendly interfaceWide number of supported crypto buying and selling pairs24/7 efficient buyer supportSmooth and easy alternate processAdvanced choices and all kinds of servicesInsurance for immediate card depositsLicensed and regulatedSecure and safeAvailable worldwideMargin buying and selling, stakingWithdrawing fiat funds to a credit score cardCEX.IO ConsSlow and prolonged verification processLimited coin optionsHigher alternate charge for brokerage servicesHigh charges for card paymentsStrict deposit limits for Primary accountsStaking rewards, crypto-backed loans, and financial savings options not accessible for U.S. tradersIncreased ready time for transactions.
CEX.IO is a world Bitcoin alternate established in 2013 and situated in London, U.Okay. It’s a cryptocurrency alternate platform the place one can commerce Bitcoin, Ethereum, Sprint, Litecoin, Ripple, and so forth., and fiat cash comparable to USD, E.U.R., GBP, and RUB. CEX.IO is registered in america Monetary Crimes Enforcement Community as a cash service enterprise.
Along with being a buying and selling platform, CEX.IO provides brokerage companies, that are properly suited to freshmen and gives a CEX.IO Prime platform for companies. Particular person merchants may reap the benefits of margin buying and selling, staking rewards, and extra.
CEX.IO means that you can commerce crypto with varied fee strategies, comparable to credit score or debit playing cards, a wire switch, a S.E.P.A. switch (should you dwell within the E.U.), or an A.C.H. switch (for U.S. residents).
Our CEX.IO assessment is designed to show you the whole lot you should learn about this buying and selling platform, its options, transaction charges, and accessible companies. Let’s dive in.
What Is CEX.IO
Established again in 2013 in London, CEX.IO is without doubt one of the first platforms to make exchanging crypto property for fiat foreign money attainable by means of card funds and financial institution transfers. Initially, the corporate, generally known as Ghash.io, began as a cloud mining supplier. Sooner or later, its mining pool held 42% of the entire community mining energy.
In January 2015, the cloud mining operations have been shut down. At the moment, CEX.IO operates as a cryptocurrency alternate serving greater than 4 million customers worldwide by means of its web site, WebSocket, REST API, and cellular app (accessible for iOS and Android gadgets). The corporate employs greater than 250 professionals worldwide, from the U.Okay. to the U.S., Gibraltar, Ukraine, and Cyprus.
CEX.IO is registered within the U.Okay. and has a Cash Providers Enterprise standing with F.I.N.C.E.N. It additionally complies with the authorized necessities of the international locations the place it features.
CEX.IO applies commonplace KYC (know your buyer) and A.M.L. (anti-money laundering) insurance policies, so to start out buying and selling digital currencies on CEX.IO, you’ll have to confirm your id.
Supply: CEX.IO web site
What Key Options Does CEX.IO Have
The digital foreign money alternate platform CEX.IO has respectable liquidity, permits cross-platform buying and selling, and provides its customers with a number of options. Listed below are among the options it is best to learn about:
Commerce cryptocurrencies simply and quicklySupports over 80 assetsCrypto merchandise like staking, crypto-backed loans, margin buying and selling, spot buying and selling, and order execution buying and selling instruments TradingView with insightful charts and dataVarious fee strategies – credit score and debit playing cards, financial institution switch, or SkrillInstitutional companies for companies and superior tradersSupports a number of fiat currencies24/7 buyer assist and cellular accessFixed charges based mostly on the quantity of transactions.
Supply: CEX.IO web site
What International locations Are Supported on CEX.IO
CEX.IO has worldwide assist for greater than 170 international locations.
CEX.IO doesn’t assist the next international locations for bank card purchases: Afghanistan, Algeria, Bosnia, and Herzegovina, Bahrain, Bangladesh, Bolivia, Burundi, Cambodia, the Democratic Republic of the Congo, Central African Republic, Cuba, Algeria, Ecuador, Ethiopia, Iraq, Iran, Iceland, Kuwait, Laos, Lebanon, Libya, Morocco, Nepal, Nigeria, North Korea, Oman, Pakistan, Palestine, Qatar, Saudi Arabia, Somalia, South Sudan, Sudan, Syria, Uganda, Vietnam, Vanuatu, Yemen, Zimbabwe. Please be aware that Indian customers can not use MasterCards for cash withdrawals.
CEX.IO doesn’t assist the next international locations for wire transfers: Afghanistan, Bosnia and Herzegovina, Burundi, the Democratic Republic of the Congo, Central African Republic, Côte d’Ivoire, Cuba, Eritrea, Ethiopia, Guinea, Guinea-Bissau, Haiti, Iran, Iraq, Kenya, North Korea, Laos, Lebanon, Liberia, Libya, Nigeria, São Tomé and Príncipe, Somalia, South Sudan, Sudan, Syria, Tanzania, Tunisia, Uganda, Vietnam, Vanuatu, Yemen, Zimbabwe.
What Cryptocurrencies Does CEX.IO Help
CEX.IO alternate helps round 100 cryptocurrencies for commerce. Right here is the whole listing: Bitcoin, Ethereum, Binance Coin, Cardano, Tether, Ripple, Solana, Polkadot, USD Coin, Dogecoin, Uniswap, Wrapped Bitcoin, Binance USD, Litecoin, Hyperlink, Bitcoin Money, SHIBA INU, Matic, Stellar, Atom, Web Laptop, Tron, Multi-collateral DAI, Tezos, PancakeSwap, Aave, Kusama, N.E.O., BitTorrent, Maker, Sprint, MiseGO, Compound, Holo, SushiSwap, TrueUSD, Yearn. finance, Curve D.A.O. Token, RenBTC, Zilliqa, Synthetix Community Token, Primary Consideration Token, Ren, Serum, Bancor, Uma, Z.R.X., Ontology, 1inch, Loopring, Golem Community Token, Ocean Protocol, Kava.io, Injective Protocol, Reserve Rights, Storj, C.O.T.I., Belief Pockets Token, Venus, P.A.X. Gold, Band Protocol, Kyber Community, FunFair, Utrust, Aragon, API3, DFI.Cash, Balancer, Gemini Greenback, Tellor, Bella Protocol, Harvest Finance, Xfers, Rarible, Akropolis, District0x, Cream Finance, G.A.S., Keep3rV1, MStable USD, H.A.P.I., MetaHash, Tael, Lambda, Meta, OntologyGas, Augur v2, Governance Z.I.L., TON Crystal, AurusGOLD, Decentraland, Civic, Zilswap, AurusDefi, AurusSILVER, Jasmy, The Graph, Edgecoin.
CEX.IO means that you can monitor cryptocurrency costs in real-time and gives superior instruments to maintain customers knowledgeable concerning the market at any time. The platform reveals the fluctuations of crypto costs and the historical past of fluctuation previously 24 hours, together with every particular person coin’s market capitalization.
How Does the Id Verification Work on CEX.io
A fundamental account at CEX.IO is the default account that you just create whenever you join CEX.IO. The one fee technique accepted for fiat deposits utilizing a fundamental account is a Visa or MasterCard. To completely take pleasure in the advantages of the CEX.IO buying and selling platform, you’ll have to undergo an id verification course of. The boundaries for depositing or withdrawing funds and fee limits additionally rely upon how a lot of a verification course of you’ve got gone by means of. If customers need to withdraw fiat funds or improve their fee limits, they have to confirm their id.
There are 4 totally different account verification tiers on CEX.IO: Id Tackle Enhanced Company. Id verified accounts should buy as much as $1000 value of Bitcoins per day. These customers can solely use a bank card to fund their purchases. Tackle verified accounts may purchase as much as $10,000 value of Bitcoins per day and withdraw $50,000 per day. Enhanced Company verified accounts haven’t any limitations. The full account limits for all these higher-tier accounts are limitless, however there are some really helpful deposit and withdrawal limits related to every fee technique. To turn into verified, you’ll have to submit a scan of some id paperwork:
Your legitimate government-issued id doc, worldwide passport, or driver’s licenseSocial Safety Quantity for the U.S. residentsSome private data.
Word that the corporate could require further verification in some circumstances, comparable to a financial institution assertion, printed web payments, bank card statements, or cell phone payments. Nonetheless, in distinction to different buying and selling platforms, comparable requests are uncommon.
Solely after reaching the verified account tier, a crypto person can absolutely profit from CEX.IO. Right here is how:
Instantaneous fiat to crypto transactions with a debit card or credit score cardCard deposits as much as $3,000 and withdrawal limits of $10,000 per dayE-wallets as a fee methodMarket orders and API instruments.
What Fee Strategies Does CEX.IO Help
CEX.IO helps extra fee strategies than most crypto alternate platforms:
Credit score or debit card: you may withdraw or deposit funds with Visa or Mastercard. The platform accepts each credit score or debit playing cards.Financial institution switch: SWIFT
ACH for the U.S. onlyDomestic Wire TransferFaster Funds for the U.Okay. onlySepa for European international locations
3. E-wallet: You’ll be able to maintain your funds on the alternate’s net pockets, nevertheless it’s extremely really helpful to maneuver them to one in all these wallets:
How A lot Are Buying and selling Charges on CEX.IO
Deposit and withdrawal charges on CEX.IO fluctuate relying on the fee strategies and deposit or withdrawal quantities. Deposit commissions might be as excessive as 2.99% within the case of VISA or Mastercard funds or freed from cost for S.W.I.F.T. The commissions for withdrawals might be as excessive as 2.5% of the withdrawn quantity plus $1.20 for VISA or Mastercard, or 0.3% plus $25 for S.W.I.F.T., and freed from cost for Sooner Funds or S.E.P.A. Word that decrease charges are utilized for GBP deposits with UK-issued playing cards.
It’s additionally value mentioning that customers who’ve accomplished their id verification solely inside three months have a most day by day restrict of $1,000 and a most month-to-month restrict of $3,000 for VISA or Mastercard funds.
Fee methodsDaily deposit (Min-Max)Each day withdrawal (Min-Max)Deposit commissionsWithdrawal commissionsVisa$20.00 — Limitless$20.00 — $50,000.002.99percent1.49percentService cost: as much as 2.5% + $1.20Commission: as much as $3.80Mastercard$20.00 — Limitless$20.00 — $2,500.002.99percent1.49percentService cost: as much as 1.8% + $1.20Commission: as much as 1.2% + $3.80S.W.I.F.T.$5,000.00 — Limitless€300.00 — Limitless£300.00 — Limitless₽500,000.00 — Limitless$5,000.00 — Limitless€300.00 — Limitless£300.00 — UnlimitedNot availableNo feeNo feeNo fee0.5percent0.3% + $250.3% + €250.3% + £25Not availableACHNot accessible$5,000.00 — $100,000.00Not available0percentDomestic Wire Switch$5,000.00 — $100,000.00Not available0percentNot availableFaster Funds£20.00 — £250,000.00£20.00 — £250,000.00No feeNo feeSepa€20.00 — Limitless€20.00 — UnlimitedNo feeNo feeSkrill$35.00 — $10,000.00€35.00 — €10,000.00£35.00 — £10,000.0$35.00 — $10,000.00€35.00 — €10,000.00£35.00 — £10,000.03.99percent1percentEpay$20.00 — $10,000.00$20.00 — $10,000.000percent1percentAdvcash$20 — $49,999.00€20 — €49,999.00$20 — $49,999.00€20 — €49,999.000percent0%
CEX.IO Liquidity
CEX.IO is ranked 14th based on the CoinStats rating of cryptocurrency alternate platforms by market cap.
Supply: CoinStats
CEX.IO Velocity
Let’s look into the transaction velocity for fund deposits and withdrawals utilizing varied fee strategies.
To deposit with:
Cryptocurrencies: It could take from 1 to 24 hours and varies from cryptocurrency to cryptocurrency.Card fee: Your card must be verified it inside 15 to twenty minutes earlier than a transaction.Financial institution switch: Worldwide financial institution transfers can take from 2 to five enterprise days. Home transfers could take as much as one enterprise day.Pockets switch: E-wallets can take round 24 hours.
To withdraw cash with:
Cryptocurrencies: Transactions could take round an hour to finish if there aren’t any community points.Card fee: Transactions shall be accomplished inside a couple of hours.Financial institution switch: Transactions shall be processed inside a enterprise day. Pockets switch: Withdrawals shall be accomplished inside a enterprise day.
Margin Buying and selling on CEX.IO
Since 2019 CEX.IO opened a devoted margin buying and selling service referred to as CEX.IO Dealer.
CEX.IO Dealer is a platform for cryptocurrency buying and selling by way of C.F.D.s that includes quite a lot of orders sorts, technical evaluation devices, and superior buying and selling instruments. It permits customers to leverage their place and improve their revenue prospects.
Additionally it is value mentioning that that is high-risk buying and selling.
CEX.IO Safety
CEX.IO is a PCI DSS (Fee Card Business Knowledge Safety Customary) compliant alternate platform. In different phrases, CEX.IO meets the necessities for dealing with clients’ monetary data.
The platform additionally allows to set two-factor authentication, 2FA, by means of Google Authenticator or SMS.
CEX.IO additionally permits its customers to get details about the platform’s safety measures by means of infographics.
CEX.IO Buyer Help
CEX.io gives virtually 100 articles overlaying an array of questions that customers could probably need assistance with. They cowl matters from account verification processes to fee strategies to organising APIs for buying and selling.
The corporate’s assist group will help resolve points by means of e-mail communications, telephone calls, or a dwell chat. You may also think about following the corporate’s Twitter web page and Telegram channel to remain knowledgeable about information, updates, and market evaluation.
The assist group is obtainable 24/7 and may be very efficient in resolving varied points.
CEX.IO Cellular Utility
CEX.IO can be accessible as a cellular utility each for iOS and Android gadgets. The cellular app provides full performance just like the online model. You should buy and promote crypto or comply with interactive charts by means of the cellular utility. Moreover, you may set alerts to get notified about value modifications. The applying additionally notifies its customers when asset costs fluctuate inside a sure proportion over 24 hours. Nonetheless, these alerts can be found just for a restricted set of cryptocurrencies.
Supply: App retailer
CEX.IO Status
CEX.IO has a very good popularity for safety. The alternate claims to have by no means misplaced a single cent of person funds. It has a comparatively lengthy historical past, high-security requirements, and compliance. The corporate is registered and follows the laws of all states the place it operates.
CEX.IO is registered with FinCEN within the U.S. and as an I.C.O. within the E.U. and U.Okay. Lastly, the corporate has a very good popularity due to its technical evaluation devices and legitimate brokerage transactions.
Closing Ideas
CEX.IO is without doubt one of the oldest cryptocurrency buying and selling and alternate platforms. Its user-friendly platform is simple to make use of each for superior customers and freshmen. The corporate’s companies can be found worldwide. CEX.IO helps a number of fee strategies and, most significantly, provides all kinds of cryptocurrencies.
The corporate is compliant with laws in all the international locations by which it operates.
The draw back is the excessive charges CEX.IO fees for its brokerage service. Nonetheless, extra superior customers can dramatically lower charges by utilizing the buying and selling platform and never the brokerage service.
Additionally, many individuals don’t like CEX.IOs prolonged verification course of. Nonetheless, it’s value mentioning that it makes CEX.IO secure, dependable, and compliant with authorized necessities.
The opinions expressed on this article don’t represent funding recommendation, and impartial monetary recommendation ought to be sought the place applicable. Do remember that should you use CEX.io, you may simply join it to CoinStats and handle all of your holdings from one place.
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