You can buy cryptocurrency using CEX.IO’s spot trading option or Instant Buy, although the latter only accepts card payments and has higher fees as a result. Users on CEX.O can buy Bitcoins instantly using its website or mobile app, which is available on iOS and Android. With its support of multiple payment methods, including credit cards, debit cards, bank transfers, Skrill, and more, CEX.IO is considered one of the best platforms for crypto trading. Deposits can be done by credit or debit card, Skrill, SWIFT, ACH, Faster Payments, SEPA transfer, and, of course, with other cryptocurrencies. There is no fee for transferring money to your account with a bank transfer, but it may take additional processing time. Otherwise, you can buy bitcoin and cryptocurrency instantly with your VISA/MasterCard.
Four Different Account Types:
I am fairly new to crpyro and Cex.io has been smooth process signing up along.with verification. I love how there are multiple ways to access your assets whether it be Mobile or Desktop. If you’re looking to save on trading and funding fees, you might consider Crypto.com or Binance.US, while those looking for phone support might take a look at Kraken. Importantly, we consider CEX.IO a relatively trustworthy actor in the crypto world, which is a considerable advantage given the number of scams and failed businesses in this area. We also like the broker’s pricing model, which provides excellent value, especially to active traders. The firm has experienced some notable success already, with the brand’s mining pool, GHash.IO, controlling 51% of total Bitcoin mining power in 2014.
Fees for transactions
Using a self-custodial or hardware wallet is widely accepted as the best way to improve the security of your funds. Before you can even get started trading on CEX.IO, you have to go through the rigorous verification process (which usually involves providing proof of identification). The reason for this is CEX.IO’s commitment to certifications and compliance with regulations and insurers. CEX.IO supports over 30 cryptocurrencies, but some notable assets are missing. Namely, BNB, XRP and Lido Staked Ether, which are in the top 20 cryptos by market cap.
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- If you have, their system will automatically match your order with another in their order book.
- With no annual, maintenance, or foreign exchange fees, the CEX.IO card offers a commission-free experience for all your transactions.
- Depositing and withdrawing funds is also easy through the mobile app and you can also get notifications when orders are executed.
- Back in 2014, GHash.io was one of the largest mining pools around.
- Founded in 2011, Kraken has built a reputation for reliability and transparency, making it a favorite among crypto enthusiasts.
- The CEX platform offers cross-platform trading via website, mobile app (which is available on Android and iOS), WebSocket and Rest API.
- The brand also complies with AML and KYC protocol, holds PCI DSS certification, and offers 2FA, DDoS protection, and multi-signature Bitcoin addresses.
If all I’m talking about seems a bit intimidating, don’t worry, the exchange also provides learning materials via the CEX.IO University. There, you can find beginner, intermediate, and advanced level lessons about various crypto topics. Initially, there was only flexible savings available, which allows to withdraw your funds at any time. However, CEX.IO has also introduced locked savings, which yields even higher returns, but it does require you to keep your funds locked for a certain time period (30-90 days).
There you fill in the details of your Visa/Mastercard (which is the card number, cardholder’s name, and expiry date). You can add how many debit cards you want as long as your name is on the card. If you want to increase your buying limit, you need to verify CEX.io Review your address as well. This means that you need to prove your home address by uploading a document containing your name and address. Lastly, you need to upload a picture of yourself holding your passport, driving license or ID card and credit/debit card.
CEX.IO Account Verification
To buy crypto instantly, login to your account and navigate to the ‘Buy/Sell’ page using the link at the top menu. Select the cryptocurrency to purchase using the widget below and choose the currency to pay with. CEX.IO is a cryptocurrency exchange built to cater to individuals around the globe by providing an easy-to-use platform for investors to convert fiat money into digital currencies.