These include additional payment options as well as higher limits on transactions and withdrawals. By the end of this CEX.io review, you should be able to decide if CEX.io is the right cryptocurrency exchange for you. You’ll also be aware of its beginning, security features, offered coins, fees, and so much more. CEX.IO looks modern, intuitive, and user-friendly especially in comparison to competitors. Simplicity and feature-rich experience are combined together within a customer account.

Choosing the right exchange can be difficult, and you want to ensure that you’re choosing the best and safest one. The crypto exchange that you should choose depends on your specific needs because all exchanges have different features. There many exchanges, meaning that reading reviews is important to decide which one is best for you.

Trade With A Regulated Broker

A verified account that unlocks more payment methods and offers access to unlimited deposits and withdrawals. Users need to submit some personal information and documents to reach the verified account tier.

• However, CEX.io would live on, solely as a cryptocurrency exchange platform.
• From our reviews, we discovered that it takes a minimum of 24 hours for your withdrawal request to go through from your trading platform.
• Carefully understand the fee structure and verification process.
• Users with a verified account can use more payment methods and have higher deposit and withdrawal limits.
• CEX.IO offers an easy-to-navigate user-friendly interface that makes it easier for beginners to register, deposit funds, and buy their first crypto.
• The platform even introduced the option to use Telegram to log in to the account, and the verification process completes using Telegram Passport.

Before we were able to verify that the transactions are being conducted directly by you, the withdrawal option has been suspended. Here at CEX.IO, we seek to bring the possibility of crypto trading to our customers in a safe, regulated and efficient manner. So certain verification procedures have been developed and must be passed by every user. I had 1 BTC with CEX IO. Suddenly they have frozen my account due to inactivity.

Countries Not Supported For Wire Transfers:

All I needed to now was to transfer the digital funds into my digital wallet. With both of my preferred options failing, I ended up choosing the last option which was an automated robot-caller giving me five numbers. I guess I’ll have to deal with that every time I want to login to my Cex.io account going forward. I tried using the SMS option, despite NIST’s call to deprecate SMS as a 2FA, because it’s the most convenient option. I tried three times to set it up and waited 20 minutes after each attempt for an SMS that never showed up on my phone. Firstly, CEX-IO is a highly established exchange with a high level of security. It is one of the safest exchanges you can use, so for that alone, it is an exchange worth considering.

However, CEX.IO excludes some countries from the offering for reasons like global financial blacklists along with regulatory prohibitions. However, it does not present any technical indicators or drawing tools. Users that want to use technical indicators can how does cex work click on the Charts button in the upper right corner of the page to bring up a new window. This window provides the opportunity to draw lines, patterns and add indicators to the price charts. Login to your account, go to the Finance page, and click Withdraw.

My Experiences Purchasing Bitcoins On Cex Io Using A Credit Card

The process is the same as sending cryptos to any other exchange, and cryptocurrencies including BTC, ETH, LTC, and XRP can be easily deposited into your exchange account. Credit card deposits are limited to 3000 USD/EUR daily and 30,000 USD/EUR monthly, while withdrawals are subject to 200,000 USD/EUR/GBP daily and 500,000 USD/EUR/GBP monthly limits. Basic accounts at CEX.io are the default account that you will create as soon as you sign up for CEX.io. CEX.io doesn’t have a very long list of cryptocurrencies available. If it has never been in the cryptocurrency top ten by market cap, you can be sure you won’t be able to buy it at CEX.io. The history of digital currency is full of examples of exchanges being hacked and there is nothing to suggest the future will be any different. This is why you should never store your cryptocurrency on an exchange!

Yet, whenever I’ve gone into my account to do a trade it has indicated that I have only 1 cent ($.01) in my account, not the $60 I originally deposited. Yet and still, my transaction on April 17 is posted in my Account Activity list (which I’ve taken a screenshot of – see attached). On August 6 when I try to login to my account I couldn’t. Although I am sure about my password I changed the password successfully with verification mail. The error is like ‘Invalid captcha or username and password combination’.

Cex Io Security

If you are submitting a government-issued national ID card or driver’s license, take a photo of the front and back sides of your document. After you’ve submitted a high-quality photo, you can turn back to your computer (if you’ve taken the photos with your phone). If you were uploading photos from your computer, you’ll be redirected to the next step. If you use your driver’s license or ID card, you’ll need to upload photos of both the front and back sides of the document. On the CEX.IO page that loads in your mobile browser, click Add photo, take pictures with your phone camera, and check whether all details are clear.

But you failed to honor your 24-hour timeframe to transfer the funds out. And days later you find a Brian Keeper whose name is very apt if his job is to steal money from your customers. We kindly ask you to upload a photo of your national ID card or a national passport . Please upload readable focused selfie with this document in hand. I have been waiting for three days after requesting that amount be transferred to a wallet address. They escalated this to an Advanced Compliance Officer Friday evening almost three days ago.

Cex Io Review: Licensed Bitcoin & Cryptocurrency Exchange

So, that’s our review to one of the world’s most popular fiat-to-crypto exchanges. With its numerous deposit options, multiple digital assets, and user-friendly design, it’s obvious why CEX.io has been so successful for the past years. Even if you have no experience using a cryptocurrency exchange platform, CEX.io will be super easy to figure out.

The fiat currencies are US Dollar, Euro, Ruble, British Pounds, etc. So the cryptocurrencies that can be bought or sold are Bitcoin and Ethereum. For those who engage in online trading of these 2 cryptos on Cex.io, they have to trade the various pairings between Bitcoin and fiat currencies, or Ethereum and fiat currencies.

All the listed cryptocurrencies can be traded using USD and EUR trading pairs, while there are currently close to 13 trading pairs involving BTC. You will also need to take and upload pictures as well as scan documents so having a camera/mobile phone handy is another requirement. Deposits made via payment cards with a local currency different from USD, EUR, GBP or RUB will be automatically converted into the selected deposit currency. Delete your personal services and data including your Authenticator by going to the Erase My Data section under SETTINGS in your SAASPASS app.

Another pro of CEX-IO is that it supports many fiat currencies. Many other exchanges only accept a limited amount of those, so this is a huge positive.

Dodo Exchange Review: Is It Safe Or Legit?

It’s therefore important to not leave any money on the website, as I said earlier. Let me provide you with the pros and cons of CEX.io cryptocurrency exchange platform.

Author: Romain Dillet