Cex.io is a UK based exchange that is one of the most well-known and respects the EU laws. The exchange, which has been active since 2013, is at the top of the most reliable and fast exchange with double-sided verification technology and 2nd level PCI DSS certification. You can get Bitcoin and other sub cryptocurrencies by following our Cex.io review such as; Ethereum, Ripple, Bitcoin Cash, Dash, Zcash, and Bitcoin Gold from the exchange by using USD, EUR, GBP, and RUB.
The Europe-based company is one of the most reliable exchanges. Cex.io may have some problems due to system problems, but there are no users who could not get their money back. They provide this safety by using high-secure technology and respecting the EU laws.
First of all, there is a two-factor authentication, and the exchange has SSL and PCI DSS certificates. Cex.io uses encrypted data and cold storage for cryptocurrency funds. Also, it registered with the ICO in the United Kingdom, and they use AML*, KYC** policy, and procedures.
*AML (Anti Money Laundering) is the term used to prevent the laundering of money all over the world.
**KYC (Know Your Customer) is the process of collecting the information about the customer’s identity and address in order to apply necessary procedures such as AML.
Cex.io is a global exchange, but there may be some problems with some countries about credit card purchases or buying with bank transfer.
You can see them here;
| Countries are restricted for credit card purchases | Countries are restricted from buying with bank transfer |
|---|---|
| Iceland | Afghanistan |
| The Vietnam | Democratic Republic of the Congo |
| Afghanistan | Côte d’Ivoire |
| Algeria | Eritrea |
| Bahrain | Ethiopia |
| Iraq | Guinea-Bissau |
| Kuwait | Haiti |
| Lebanon | Iran |
| Libya | Iraq |
| Nigeria | Kenya |
| Oman | Liberia |
| Pakistan | Libya |
| Palestine | Guinea |
| Qatar | São Tomé and Príncipe |
| Saudi Arabia | Somalia |
| Yemen | Sudan |
| Syria | |
| Tanzania | |
| Tunisia | |
| Turkey | |
| Vietnam | |
| Yemen | |
| Zimbabwe |
Besides of that, there are some US States where Cex.io is not supported.
| Alabama | Alaska |
| Arizona | Arkansas |
| Colorado | Florida |
| Georgia | Guam |
| Idaho | Iowa |
| Kansas | Louisiana |
| Maryland | Michigan |
| Mississippi | Nebraska |
| New Hampshire | New Jersey |
| North Carolina | North Dakota |
| Ohio | Oregon |
| Tennessee | Texas |
| U.S. Virgin Islands | Vermont |
| Virginia | Washington |
These lists may be updated after the Cex.io review is published. Check out the official website to learn up-to-date lists.
Cex.io allows you to get a wide range of cryptocurrencies such as BTC, ETH, BCH, BTG, DASH, XRP, XLM, and ZEC ( Click on the currencies to get information about them.). Besides those buying options, Cex.io offers you four currencies as a payment method. These currencies are USD, EUR, GBP, and RUB. There may be new updates on Cex.io after publishing the Cex.io review, so you can learn last info by visiting the official website.
Cex.io offers you four different membership options such as basic, verified, verified plus and corporate accounts. All these options have different buying limits.
For the basic accounts, $500 is allowed per day, and $2000 is allowed per month.
These limits are $10.000 per day and $100.000 per month for verified accounts.
There are no limits to verified plus and corporate accounts.
Depending on the transaction volume, the commission rates are gradually falling. First starting commission rate is 0.25%. When the transaction volume increases, commission rate drops to the level of 0.10%. The table below shows the detailed commission rates. You have to check out the official website of Cex.io to learn new updates that different from our Cex.io review.
| Trade Volume 30d, BTC | Taker | Maker |
| ≤ 5 | 0.25% | 0.16% |
| ≤ 30 | 0.23% | 0.15% |
| ≤ 50 | 0.21% | 0.13% |
| ≤ 100 | 0.20% | 0.12% |
| ≤ 200 | 0.18% | 0.10% |
| ≤ 1000 | 0.15% | 0.08% |
| ≤ 3000 | 0.13% | 0.04% |
| ≤ 6000 | 0.11% | 0.00% |
| > 6000 | 0.10% | 0.00% |
| Method | Currency | Fee |
|---|---|---|
| Credit Card | USD | 3.5% + $0.25 |
| Credit Card | Euro | 3.5% + € 0.20 |
| Credit Card | RUB | 5.25% + 15.57 RUB |
| Bank Transfer | USD | $10.00 |
| Bank Transfer | Euro | €10.00 |
| Bank Transfer | RUB | Generally-unknown |
The platform of CEX.IO offers users the ability to sell bitcoins with credit or debit cards. You can see the fees and conditions just below.
| USD | 2.9% + $4.99 |
| Euro | 2.9% + €4.99 |
| RUB | 2.9% + 499 RUB |
The platform of CEX.io does not charge bank transfers’ fees. However, we can say that your bank may charge conversion fees on your deposit.
Registering on Cex.io has same registration process with other websites, and in our Cex.io review, we will focus on how you can have a fully-secured membership on Cex.io.
First, you have to complete your registration process on Cex.io. You may set the double security system to the window that appears. In other words, besides your username and your password, you can generate another password from your phone. “Keep 2FA disabled” means you can skip this step, but we do not recommend it for the security of your account.
One of the other two options will allow you to download the “Smartphone app” or “Google Authenticator” application by downloading it from the app store and SMS / Phone Request will send the message to your phone. By choosing one, you will complete your account transactions.
After completing the registration process, that means, you are ready to get Bitcoin or other cryptocurrencies by using Cex.io and reading our Cex.io review.
First, click on “DEPOSIT” on the right side of the page. Select the credit card as a deposit method in the page that opens and then selects a new credit card at the bottom. Here, enter our credit card information and load our “selfie” with our credit card. Then we write the number of American dollars we want to send next to “USD” in the right corner and confirm the transaction. Your bank will automatically deduct this dollar amount from your card.
You can also process your Cex.io money transfer by bank transfer rather than credit card, but this requires a lengthy approval process.
Now it’s the last step. To get your Bitcoin, go to the main page and click on “BUY / SELL”. By using the pre-schedules there, click on “buy” under our preference. You can also get Bitcoin with an amount you want by going to the “Trade” section above.
If you have some troubles about Cex.io, you can access easily to customer service of Cex.io by using the following options.
References:
https://www.fxempire.com/crypto/exchange/cex.io/review#Customer%20Support
http://www.cryptocoinzone.com/cex-io-review/
https://99bitcoins.com/cex-io-review-why-are-reddit-users-complaining-about-this-exchange/
https://blog.cex.io/news/countries-restricted-17399
https://support.cex.io/hc/en-us/articles/232031428-New-countries-available-for-card-withdrawals
