CEX IO Reviews Read Customer Service Reviews of cex.io
Founded in 2013, CEX.IO allows you to buy Bitcoin (BTC) and a wide range of other cryptoassets using a UK bank transfer, credit or debit card, Skrill, and more. CEX.IO also uses strict access controls, including 24/7 surveillance, alarm systems, and secured vaults to keep users’ assets as secure as possible. You can read more about cryptocurrency regulations in our article “How are cryptocurrencies regulated in the UK?
Besides, you can also withdraw funds to your bank account or card in just a few clicks. A major issue that users encounter with CEX.io is that the fee amount, as well as hidden charges, are too high. For example, the platform requires users to pay 7% as the fee amount from the fiat currency that they pay for any service. Thus, if you purchase Bitcoins worth $1000, you will receive only $920. This implies that the higher exchange rate that one sees on CEX.io comes inclusive of the service fee.
CEX.io Review – Platform Features
He is an experienced copywriter with immense financial background. CEX.IO also implements multi-factor authentication to ensure that only the account owner can access their account. Users can enable this function through their account settings.
How long does a CEX.IO withdrawal take?
– Withdrawal requests are processed within 24 hours on business days. After payment is processed by our Finance team, it will take some time to reach your bank account (depending on your bank processing rules). You can find more details about possible delays in processing bank transfers in our Help Centre.
After the email confirmation, they will prompt you to verify your identity. In case you don’t find this option, you can go to Settings from the tab where your name appears on your account, and select Verification. CEX.io is accessible to users in 220 countries and 47 states in the U.S and Washington DC.
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With intuitive interface as well as advanced trading options, it can grow your trading portfolio, while empowering your trading abilities. Another advantage with CEX.io is that it charges reasonable fees for both takers as https://www.tokenexus.com/what-is-quant-coin-and-what-are-the-advantages-of-it/ well as makers and extremely potent for the makers. Traders also have access to a wide range of APIs including REST API, WebSocket as well as FIX API that allows them to carry out auto trading as per their requirements.
CEX.io, on the other hand, should not be regarded as a safe heaven. And since they store a large number of different altcoins, they are a prime target for hackers. It means the company is under scrutiny and oversight in terms of its actions and policies.
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That creates many different possible combinations, such as BTC/USD, BTC/EUR, BTC/ETH, just to name a few. Here is a partial sampling of some of the Bitcoin (BTC) pairs that can be traded on CEX.IO. These fees are decent, but more expensive than Binance, for example, where fees start at 0.1% and go down from there.
Is CEX.IO a crypto wallet?
With CEX.IO Wallet, you get access to multiple cryptocurrencies that you can receive, hold, or send to external addresses. Also, CEX.IO Wallet is your gateway to the crypto world since it allows you to buy and sell virtual currencies for fiat money via CEX.IO Wallet.
Spreads are great and commissions are competitive, but not the cheapest unless you are doing very high monthly volumes. The many negative reviews left by disgruntled users recently on TrustPilot could be a red flag, although overall, the company has a high rating and is regulated. CEX.io Review You only need to fill in your email and create a password to create the account. In order to trade or transfer money you will need to complete an identity verification. Do you have friends, family, or an audience that may be interested in trading crypto on CEX.IO?
CEX.io is one of the top exchange which allows users in flexible mood with reliable source of trade/investment in Crypto with highest level of security. CEX.IO offers the full support of FIX API, WebSocket, and HTTP REST API. You can take your automated trading to the next level based on your needs and your goals. 71% of retail client accounts lose money when trading in CFDs.