CEX.io Review by Hardforking.com
Updated 7th August 2018
Cex.io is one of the best and easiest places to get Bitcoin and other top cryptocurrencies with a credit card or bank transfer. You also have the option of sending your coins to a wallet or storing them on the website for fast and easy trading. We have purchased Bitcoins with our credit cards on its platform a number of times. We provide you a monthly updated review as services and fees do change regularly.
Ease of use
For any new user that wants to use a debit/credit card or bank transfer to purchase Bitcoin, CEX.io requires that you have a verified account. The verification process is easy. All you need is your identification documents and you can follow the straightforward guide to complete verification. The trading interface is straightforward and user-friendly. The exchange also has a mobile app that works on both iOS and Android smartphones.
CEX.io Easy Verification
CEX.io is one of the few platforms with a simple verification process. The website offers a detailed verification guide that gets you up and running in minutes. It also comes with good support staff to help you with any issues that might arise.
You will need the following to get through the process:
- A photo of your ID documents
- A picture of yourself holding your ID documents
- Your personal information including your phone number, address, date of birth, name, and gender
- Proof of residency (utility bill etc.)
The best part is that your registration will be completed within 1 to 24 hours. Our experience was less than 30 minutes to get set up and a number of people we have had test the site reported similar times. See video.
On registration and verification of your account, CEX.io offers a variety of buying limits. The basic account enables you to conduct a trade of 100 USD worth of Bitcoin daily up to 2,000 USD per month. The second level of verification comes with a 10,000 USD daily limit and a monthly limit of 100,000 USD. The next two advanced accounts (verified plus and corporate) have no limits which is great if you are looking to make larger trades. Limits will change and we will keep you updated.
CEX.io was once one of the most expensive exchanges but it recently lowered its fees across the board and now has some of the most competitive rates available. You can check out the full fee schedule here.
Currencies and payment options supported
CEX.IO supports the following currencies:
- Ethereum (ETH)
- Bitcoin (BTC)
- Dash (DASH)
It supports local currency payment methods from a variety of countries including the US, Russia, Eurozone and Great Britain with restrictions for a few countries. It features popular payment options including SWIFT, Visa, bank transfer and Mastercard, making it a convenient exchange for customers across the globe.
Security is one of the biggest concerns that any Bitcoin and cryptocurrency enthusiast will have before using an exchange. When it comes to the safety of your funds, CEX.io offers a two-factor authentication feature that applies an extra level of security to your account. Because a large portion of its coins are stored in offline cold storage, you can rest easy knowing that your funds on the exchange are safe from cyber burglars. CEX.io also offers an additional SMS and email alert which is a PGP encryption, the industry standard for securing online accounts.
CEX.io is an excellent exchange platform with a highly user-friendly interface. The fees are competitive and set up and verification are fast and efficient. It offers a level of reliability and convenience that is hard to find on most exchanges.
- High buying limits
- Fast Setup
- Competitive fees
- Storing Crypto
- Established reputation
- High Trading Volume
- Top notch account security
- Easy user interface
- Very fast transactions
- Not available in certain US states
Ease of use