CEX.IO exchange: Overview
CEX.IO Bitcoin exchange started out as a Bitcoin Cloud mining provider. In fact, they were the very first cloud mining provider. Through the hard work and dedication of their loyal crew, they still remain one of the leading companies in the Bitcoin realm. As a bitcoin exchange, CEX.io is a leader, innovator and reliable Bitcoin exchange that helps to bring Bitcoin to the world. Based out of London, CEX.io Bitcoin Exchange is a reliable company that has years of experience backing them and helping to make them a trusted platform for cryptocurrency trading.
CEX Bitcoin Exchange is one of the leading exchanges that can be found anywhere in the world. They have a multitude of features that allow people of any experience level to trade, buy and sell Bitcoin and Ethereum. While they have always supported Litecoin, it is now discontinued on CEX.io, but there are still plenty of other reasons why they remain one of the most reliable Bitcoin Exchanges in the world.
CEX.IO BITCOIN EXCHANGE REVIEW: QUICK STATS & FACTS
CEX.io is based out of London, England and is a fully licensed and registered business. The company began in 2013 as a cloud mining company; the first Bitcoin cloud mining company. Since then, they have helped to redefine and update what bitcoin is and how it affects our everyday lives. Today, they operate one of the largest and most well-known Bitcoin Exchanges with CEX.io.
They just recently opened the doors to their affiliate program, allowing users to earn for every referral sent. Along with a mobile app, several APIs and a plethora of features that are geared towards every level of Bitcoin enthusiast, there is something for everyone once you join their site.
REQUIREMENTS TO OPEN AN ACCOUNT ON CEX.IO BITCOIN EXCHANGE
Opening an account at CEX Bitcoin Exchange is as simple as typing your email address and creating a password. Once that is done, there are some additional steps you must take to get going on fully utilizing and unlocking the true depth of your new account, but none of it is something that is not typically seen in your larger exchange sites. They accept registrations from everywhere, including the US, although some site features may be unavailable to you depending on the laws in your current country of residence.
CEX.IO BITCOIN EXCHANGE MAIN FEATURES
|Licensed Financial Business||USD/EUR/RUB/GBP Support||Ethereum Trading|
|Low Fees||Referral Program Tools||Buy BTC/ETH w/Debit|
|EUR Bank Wires Allowed||Built-in Currency Exchange||Margin trading|
|Multiple Withdrawal Options||Prepaid Debit Card||Extensive Support System|
Detailed CEX.IO exchange review
CEX.IO exchange: SIGN UP PROCESS & REQUIREMENTS
To sign up for CEX Bitcoin Exchange, all you have to do is create your password, supply your email address and the go check your email to verify it truly belongs to you. Once that is done, you simply have to fill in your personal info. Immediately, you are given a basic level account, which allows you to buy and sell Bitcoin using your Visa or MasterCard with a daily limit of $500 and a monthly limit of $2,000 (USD). By verifying your identity, you will be bumped up to limits of $10,000 daily and $100,000 Monthly. If you need further purchasing power, you can opt for verified Plus status, which will give you unlimited daily and unlimited monthly account limits. For those of you who will be acting on behalf of a corporation, you can gain corporate status and have special, customized account limits and settings applied to your account.
By upping your verified level, you also gain access to bank deposits and withdrawals, as well as “No commission” options. There are certain countries that have restrictions above and beyond the account level limits and rules set forth by CEX Bitcoin Exchange, so make sure to check and see if your country is on the list of countries that need some extra attention. While there are different specific limits, rules and procedures for some countries, the complete list of countries who have some sort of limitations is as follows:
Afghanistan, 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, and Nigeria.
If you live in one of the above countries, be sure to find out what limits are going to be imposed upon you before attempting to use CEX Bitcoin Exchange for your Bitcoin or Ether trading.
CEX.IO BITCOIN EXCHANGE EMAIL VERIFICATION
The email verification is the typical verification via link that we have all used at one time or another during our fortes into the online world. The CEX Bitcoin Exchange email is nothing fancy or special. A simple link that you click and then your email is registered fully and verified within their database and allows you to begin using the CEX Bitcoin Exchange platform for your Bitcoin or Ether trading needs.
CEX.IO Exchange: ACCOUNT COMPLETION
Completing your account at CEX Bitcoin Exchange can actually be a bit of a long and arduous process, but not one that is too difficult or unacceptable. They do follow current anti-money laundering procedures and are supporters of the Know Your Customer protocols that have been established as of late. This means they want you to be verified before you can commence in any serious trading at all, but it does not mean that you have to be verified to utilize their services. Unverified account holders of CEX Bitcoin Exchange will be limited by how much money they can spend on a daily, and then monthly basis.
CEX Bitcoin Exchange is also very big on security, which they should be and have a scoring system in place that lets you know how secure your account is. They offer a few different 2-factor authorization options for you to choose from to help you know that your account cannot be breached by someone who does not have access to the 2FA codes when you log in.
They even let you add your mobile device as a trusted device by use of an activation pin that you generate from within your profile section, making it easy for you to get into your account when you need to, while at the same time keeping everyone else out of it, like they should be.
You can also add debit cards to be stored in your account for quick and easy purchasing. They accept Visa and MasterCard in any currency. Once you have completely entered all of the information, and your account is as complete as you want it, you will then be ready to start doing what it is CEX Bitcoin Exchange is made for; buying, selling and trading Bitcoin and Ether.
CEX.IO Exchange: ACCOUNT FUNDING
Funding of your CEX Bitcoin Exchange account can be done in a few different ways, dependent upon your verification level. All users can deposit funds or purchase Bitcoin and Ether using their bank issued visa or MasterCard. Higher level of verification will allow you to utilize your bank account directly. And of course, you can always have Ether or BTC sent to your wallet on CEX Bitcoin Exchange.
CEX.IO Exchange: BANK ACCOUNTS
If you want to use your bank account on CEX Bitcoin Exchange, you must first get verified, at least as far as your identity goes. This will unlock the feature of bank account deposits and withdrawals for your account. Certain countries are not allowed this option, no matter what the verification level is and it is suggested that you check with CEX Bitcoin Exchange prior to setting it up to make sure that you can utilize this feature. The countries that are affected are listed above, in a previous paragraph.
CEX.IO Exchange: ID VERIFICATION
Until you completely verify your account on CEX Bitcoin Exchange, using the online instant verification system, you will have certain limits that will seriously impact your trading capabilities. These limits will be realized in the form of amount limits on a per per day and monthly basis. The account verification system makes it easy to verify your account instantly and get your profile lifted of all amount restrictions and give you the freedom to move and trade, sell and buy in limitless quantities.
BUYING/SELLING BITCOIN & FEES on the CEX.IO Exchange
Buying and selling Bitcoin or Ether is simple and CEX Bitcoin Exchange provides a very user friendly, while still sophisticated user interface to make the entire process both, easy and professional, while maintaining the features and professionalism needed to make even the most astute trader satisfied.
Buying Bitcoin is done directly from CEX Bitcoin Exchange. They have 4 preset options and then a 5th option that allows you to input a custom value you would like to purchase. They do charge a pretty decent fee to make the purchase, but it may be worth it just because you are able to do so using your debit card. The fee for buying bitcoin is 7%. It is done on an FOK, or Fill or Kill basis. They list the amount you will get for the price and then it is frozen for 2 minutes. Your order is then filled fully or not at all depending on the availability of the market. While you may end up receiving more than you wanted, you will never receive less. There is a minimum order of .01 BTC and .10 ETH in order to place a buy order.
Selling Bitcoin or ethereum on CEX Bitcoin Exchange works much in the same way as buying does. You will incur a 7% fee and your sell order will be placed on the same FOK protocol. Again, you will never get less than agreed upon, but it is possible to get more.
CEX.IO Exchange: WEB INTERFACE/FEATURES
CEX.IO Exchange: DASHBOARD
The dashboard page at CEX Bitcoin Exchange is nothing more than the main page after you log in, where you are given the 3 major options of what you can do on the exchange; Buy or Sell Bitcoins, Trade Cryptocurrencies or use the CEX Bitcoin Exchange wallet. Below these boxed options is an activity history feed that allows you to see the recent activity you have performed within your account.
CEX.IO BITCOIN EXCHANGE ADVANCED/EXTRA FEATURES
CEX.IO BITCOIN EXCHANGE DIGITAL CURRENCIES AND FIAT
CEX Bitcoin Exchange supports Bitcoin and Ethereum as the only two cryptocurrencies since it is in the process of disabling LiteCoin from its exchange. Fiats supported include USD, EUR, GBP and RUB, though they do allow you to use any fiat currency to deposit funds into your account via Visa or MasterCard. If you have used CEX Bitcoin Exchange before and have any Litecoin balances there, they are informing users to withdraw it as soon as possible before the wallets are removed from their site.
CEX.IO Exchange: PRESS PAGE
CEX Bitcoin Exchange has a press page, that chronologically lists all of the news items that mention CEX Bitcoin Exchange explicitly, along with the date of the news piece and where it was published. Below this section, they have their own press release section, which allows you to go through and read all of their current and previous press releases and service announcements.
In addition to the standard news, they also have an entire blog that features articles on how to sue the system, feature announcements, relevant news and general information that cryptocurrency users would find insightful and informative.
CEX.IO Exchange: REFERRAL PROGRAM
CEX Bitcoin Exchange has a very highly incentivized affiliate program. They pay out 30% of the fees generated by users that joined CEX Bitcoin Exchange as a result of your links or advertisements containing your referral code. This is one of the highest referral percentages in the industry and they allow you to keep your customers for life, giving you a nice source of residual income for as long as each user that you send continues to use CEX Bitcoin Exchange for their Bitcoin and Ether needs.
They have one of the largest advertising toolboxes that I have seen in the Bitcoin/cryptocurrency industry, giving you not only the standard textual links but also providing banners and ads in a multitude of sizes, shapes, and formats.
In addition, CEX Bitcoin Exchange also provides you with real time stats on your earnings and referral activity. All affiliate pay is sent to your CEX Bitcoin Exchange USD wallet once a day for the referral fees generated 30 days prior. This means you do have to wait 30 days before you receive your first payment, but then it will be deposited for you automatically every single day from then on forward.
CEX.IO BITCOIN EXCHANGE APIs AND DEV TOOLS
CEX Bitcoin Exchange has an extensive library of APIs and tools that you will find beneficial. They have bitcoin calculators, conversion widgets, a mobile app and a donation widget in addition to the standard APIs you would find on any exchange. These tools are absolutely free for you to use, whether it be on your own website or within your own standalone application. You may choose to use these tools for personal use or can even use them commercially as long as you are not charging others a fee for their use.
CEX.IO Exchange: BUSINESS INFO & CONTACT
CEX Bitcoin Exchange was founded in 2013 and is located in London, England. They are a registered and licensed business who is in compliance with the financial regulations and laws of England.
10A, Dalton House
60 Windsor Avenue
London SW19 2RR
CEX.IO Exchange: CONCLUSION/SUMMARY
There are definitely a countless number of exchange sites that you could choose that are worse than CEX Bitcoin Exchange. However, there are very few that you can choose that are better. CEX Bitcoin Exchange is one of the premier Bitcoin exchanges that the world has seen as of yet and they continue to provide new and innovative solutions to the ever changing world of Bitcoin and cryptocurrency in general. They are a positive role model and mentor for everyone who is in the realm of digital currency and/or Fintech itself.
You can look to CEX Bitcoin Exchange whenever there are issues or there is something new and exciting and you will be sure to see them in the front of the pack, helping to lead Bitcoin into the mainstream market one block at a time.
What do you think about the Cex.io exchange? Rate it or submit a comment!