What is CEX.IO
CEX.IO is a cryptocurrency exchange with a credit card or bank transfer buying option. The platform is mostly directed on Eastern Europe countries. Users can buy cryptocurrencies such as BTC, ETH, LTC.
Where is CEX.IO Located
СEX.IO was registered in Great Britain in 2013. The platform itself started to work actively only in the end of 2014. It is worth mentioning that despite CEX location is British Isles, the founders are Russians.
The platform has PCI DSS certificate, as a proof of compliance with the security standards of the payment card industry. Accordingly, the purchase of cryptocurrency is possible only by direct transfers from verified Visa / MasterCard bank cards. It is more advantageous to use Visa cards (lower commission for withdrawal in dollars, euros and pounds). On the CEX.IO exchange you can use plastic and virtual cards.
CEX.IO Identity Verification
Easy and fast registration / login through social networks, but the service will offer to change the password. When you sign in, the service will insist on connecting two-factor authentication. To expand the limits of operations with Visa / MasterCard cards, it is necessary to pass verification. For unverified users, the limits for entering are $ 1,000 per month, for a withdrawal of $ 2,000 per month.
IMPORTANT. At CEX.IO, verification can only be carried out with documents in Latin script (passport or driver’s license is suitable). After that, you also need to wire the cards directly (with minimum bank transfers in both directions).
For transfers from Visa / MasterCard cards, the commission will be 3.5% + $ 0.25 for USD / EUR and 5% + ₽ 15.57 for RUB. There is also the possibility of accepting direct bank payments to the details of the exchange, which are carried out without commission in USD / EUR (available only for users who are fetched).
Is CEX.IO Safe?
It should be understood that CEX.IO with a lot of different coins and possible additional payments for various operations with them is the exchange not for beginners, but for experienced traders. On the technical side, there are no complaints about the security of data and transactions. But do not forget that the exchange is not just focused on Russian-speaking users, but also has Russian roots in the person of the founders, which can not but worry.
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