Everyone can use the exchange’s Instant Buy feature to buy Bitcoin and other cryptocurrencies using a range of payment methods, including PayPal, debit/credit cards, Apple Pay, and more. Additionally, CEX.IO provides soft staking on 13 cryptocurrencies to allow users to earn crypto and crypto-backed loans that enable users to borrow fiat currency by providing crypto as collateral. CEX.IO stands out as one of the more user-friendly cryptocurrency exchanges, especially for beginners. It allows you to buy cryptocurrencies with credit and debit cards instantly.
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Now you can trade crypto-to-crypto or crypto-to-fiat with another trader, without involving CEX.io. Withdrawal fees vary, depending on the currency and payment method chosen. Carefully understand the fee structure and verification process.
What did our traders think after reviewing the key criteria?
Coinbase charges a 3.99% fee for credit card purchases, which is higher than the 2.99% CEX.IO charges. Some people have complained online about CEX.IO’s verification process. However, the exchange makes it clear exactly what documentation is required to satisfy KYC and AML regulation. As long as you have a passport, proof of address, and access to the card you’ll be using to buy Bitcoin, you shouldn’t have a problem. A good range of digital currencies are available for trading on CEX.IO. BTC/USD, ETH/USD, XRP/USD, XLM/USD and BTC/EUR make up the top five most traded pairs.
How To Open An Account
We believe this transparency is essential to user-centric providing on- and off-ramps to the crypto ecosystem, when participants may need them most. With over six million global users, CEX.IO’s community-centric approach to https://www.tokenexus.com/ promoting discovery in the digital economy is backed by proven experience. We’ve made maintaining proper licenses and certifications a top priority, and are proud to remain in good standing through subsequent FinCEN audits.
CEX.io Review: Buying and Transaction Limits
However, for everyone else, the platform has a friendly UI, and it’s one of the safest in the world. The first two problems could easily be solved by reading the fine print because CEX.io makes both of these things very clear. While customer support could be better, it’s obvious that CEX.io is trying very hard to improve. There are instances when a limit order may only be partially completed.
The State of the Crypto Industry
- However, to become verified, you have to provide CEX.io with a government-issued identification along with personal data.
- This includes access to a digital wallet, spot trading, and earning possibilities.
- Above all, our experts assess whether a broker is trustworthy, taking into account their regulatory credentials, account safeguards, and reputation in the industry.
- Our experts did not uncover any reports of hacking, and the brand adopts security features including PCI DSS compliance, and cold wallet crypto storage solutions.
- There are several options for deposits and withdrawals on CEX.io.
- There is also an extensive FAQ section which covers common question related to accounts, finance, and trading, while the official blog covers a range of topics and news articles.
With that said, we are somewhat reassured by the exchange’s efforts to gain accreditation from several financial organizations. In the United States, for instance, CEX.IO is registered with FinCEN as a Money Services Business (MSB) and has attained money transmitter licenses (MTLs) in 30+ US states. It is worth noting here that cryptocurrency activities are not insured by the Federal Deposit Insurance Corporation (FDIC) or the Securities Investor Protection Corporation (SIPC). Like most cryptocurrency exchanges, CEX.IO falls short when it comes to regulatory oversight.
Binance has partnered with Simplex to allow credit card purchases of cryptocurrencies on their site. Compared to CEX.IO, Binance purports to offer a card fee of up to around 2%. However, this does not take into account Simplex’s fees (i.e., credit card clearing) which I believe brings the final price to be more or less the same. CEX.IO prides itself on stability to provide trouble-free service backed by a reliable system and user account security, safe storage of funds, financial viability and profound legal compliance. It is a reputable and safe cryptocurrency exchange with no hacked accounts or theft of funds since its launch in 2013. Exchanges were reviewed on points including security, fees, number of cryptocurrencies available, and more.
How do I Buy Bitcoin on CEX.IO?
CEX.IO allows you to purchase the majority of the most popular coins, including BTC, ETH, BCH, BTG, DASH, LTC, and others. Besides, the best part is that you can easily buy them with EUR, USD, or GBP via the Instant Buy feature. Need time to analyse the charts and compare, while the mobile app can be a great alternative for short period of time it can only a fraction of information at a time. I know some people trade solely on the app, but I think it’s not for me. The content published on this website is not aimed to give any kind of financial, investment, trading, or any other form of advice. BitDegree.org does not endorse or suggest you to buy, sell or hold any kind of cryptocurrency.
Trade, Earn, and Learn in One Platform
Additionally, companies can integrate crypto payments using CEX Direct, a payment gateway for cryptocurrency purchases operated by CEX.IO. CEX.IO offers automated trading, including the option to develop your own APIs. You can use these to automate trades and integrate trading bots. The CEX.IO platform provides charting, trading indicators, automated trading and other advanced trading instruments. Thanks to CEX.IO’s size, it can give tighter spreads to reduce your trading costs and decent liquidity to execute trades with less price slippage. Founded in 2013, Robinhood is arguably the best known investing app.
