Cex.io Review – Is Cex.io Legit?
If you’ve been wondering if Cex.io is legit, read on to discover what this cryptocurrency exchange program is all about. The program has a simple user interface, high purchase limits, credit card functionality, and a mobile app. Plus, the company charges low transaction fees.
What is Cex.io?
CEX is a popular exchange platform, where users can buy and sell digital currencies, and trade them for fiat currencies. The user-friendly interface makes cryptocurrency easy to learn for beginners. You can also purchase digital currencies immediately using your debit card or credit card.
Is it Legit?
CEX was the first exchange to offer fiat-crypto transactions when they entered the market. CEX is based in London and has more than four million registered users. It began as a Bitcoin cloud mining company and quickly expanded to offer mobile exchange services. CEX has also joined forces with other organizations to promote the use of crypto currency.
CEX is a trusted place to trade and invest in cryptocurrencies. The company requires extensive account verification, which helps keep your funds secure while you’re trading. It also uses a level two DDS certificate to secure your payment information.
Staking
Cex is simpler to use than other cryptocurrency. Cex offers many services, trading pairs, as well as security features. It also supports credit card deposits, and is significantly more user-friendly than competitors like Coinbase. Users can also set up two-factor authentication to ensure the safety of their account. To receive withdrawals, users can set up a pin code via their mobile devices.
Staking is an investment method in which users stake their own digital assets for a certain period of time. It is highly profitable, but it is not risk-free, as token values are unpredictable. Staking is best for long-term investment. Reward levels and performance of validators can change, so rewards are subject to change. It is therefore important to fully understand how staking works and how long you intend to keep your crypto assets.
Customer Service
CEX is a simple way to buy cryptocurrencies. This is a great option for both beginners and more experienced traders of cryptocurrency. The company also maintains an excellent reputation for security. Although CEX experienced a hacking incident in 2013, the vulnerability was fixed shortly thereafter, and the company has not suffered a major security breach since. They have security protocols that include protection against DDoS attacks and full data encryption.
Fees
CEX supports more than 15 cryptocurrencies as well as several fiat currencies. Some of the cryptocurrencies are only available with specific services, while others are supported across the board. Fiat currencies supported include the US Dollars (USD), Euros (EUR), British Pounds (GBP), and Russian Rubles (RUB). You can also purchase digital currencies using fiat currency on the exchange.
CEX’s user interface is simple to use, and allows for quick access into cryptocurrency. The cross-platform app makes it easy for you to keep track of your account wherever you are. Its latest developments include the addition of new cryptocurrencies and a more advanced trading platform. In the future, it plans to offer margin trading. However, its fees are high, and they are hidden in the fine print. Recently, the exchange stopped accepting wire withdrawals in USD and GBP.