What is Cex? How to register on CEX.io? How to buy Bitcoin with credit card on CEX.io

By Tsunami 06/9/20 10:31 AM

What is CEX.io?

CEX.io was founded in London, the United Kingdom in 2013. Originally, it was a cloud mining provider that owned the GHash.io mining pool. Back in 2014, GHash was one of the largest mining pools around.

However, the company has gradually evolved over the years into a multi-functional cryptocurrency exchange. The company supplies both a trading platform and brokerage services for Bitcoin, Ethereum, and a range of other cryptocurrencies. Most traffic of CEX.io came from the United States, Russia, the United Kingdom, Argentina, and Serbia.

Team of CEX.io | Image via the company’s blog.

Currently, the exchange provides a rich variety of trading tools for Bitcoin, Bitcoin Cash, Ethereum, Ripple, Stellar, Litecoin, Tron, and other crypto assets. You can trade these cryptocurrencies for USD, EUR, GBP, and RUB.

CEX.IO Limited received a Distributed Ledger Technology (DLT) license issued by the Gibraltar Financial Services Commission (GFSC). CEX.IO Corp. has obtained Money Transmitter Licenses (MTLs) in 26 US states, and keep on working on covering more.

CEX.IO LTD has applied for a Digital payment token service license with the Monetary Authority of Singapore, for a Crypto Custody license with the Federal Financial Supervisory Authority of Germany (BaFin). Also, CEX.IO LTD is in the progress of applying for registration as a Provider in relation to virtual currency with Australian Transaction Reports and Analysis Centre (AUSTRAC) and as a Cryptoasset business with the Financial Conduct Authority of United Kingdom.

CEX.IO is also a founding member of CryptoUK, an association aimed at building cooperation between the major cryptocurrency players and regulatory authorities in the UK, with the goal of developing an appropriate operating framework for cryptocurrency businesses.

How to register on CEX.io

1. Open a web browser and launch the CEX.io webpage: https://cex.io/r/0/up131140798/0/ (You can get 30% commission with this referral)

2. Click “ Create Account” on the top right corner of the main page.

Fill your Email, Password, Country, and Create Account.

An activation email is sent to your email address.

Go to your inbox, open the email from [email protected] and click Confirm Email.

To complete your account setup

Fill your First Name, Last Name and your birthday

Click Next.

Done, you have a CEX account now.

Fees and Charges

Three types of fees are charged on CEX.IO. These are:

Transaction fees (maker-taker fees)
Deposit/withdrawal fees (specific to each payment method)
Margin trading fees.

Transaction fees are a percentage of the trader’s 30-day trade volume for all pairs.

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%

Open fees for margin trades are capped at 0.2% of the invested amount, while rollover fees are capped at 0.01%. No fees are charged to close trades.

Verification account on CEX.io

As a regulated cryptocurrency exchange platform, CEX.IO is required to identify its users. Sometimes we ask users to pass the Identity Verification in order to comply with AML/KYC regulations. In simple words, Verification helps to prevent the creation and use of fraudulent accounts on CEX.IO.

Once you pass Identity verification on CEX.IO, you can:

buy crypto instantly using your debit/credit card
make card deposits of up to $3,000 and withdrawals of up to $10,000 daily
make unlimited crypto deposits and withdrawals

Preparing for identity verification on CEX.IO

Before you start the verification process, prepare all the necessary documents:

– Your international passport, government-issued national ID card, or driver’s license

This document should be valid and internationally recognized. Check that it’s issued with Latin characters or with Latin transliteration of the main fields.

-Your Social Security Number if you’re a US resident

Check out the video guide to get verified without any hassle.

An Identity verification application consists of two parts: stating your country of residence, phone number and providing a document proving your identity.

How to buy Bitcoin with credit card on CEX.io

Enter amount BTC you want to buy and Click Buy

Fill you Credit Card number

To make sure your transfer is correct, use the details given to your account.

You did it! You have added Bitcoin on your CEX.io account.

Conclusion

CEX.io excels at proving a simple and easy to use platform for buying Bitcoin and Ethereum. While the fees can be quite high, the exchange is highly trusted as there have never been any hacks or lost coins. For beginner users looking to get into cryptocurrency, Coinmama may be the right choice to get started.

Additionally, making money is possible through bitcoin, but it is nowhere near being easy. To make a lot of money, every move you make in the crypto-world has to be very strategic and well monitored. Before starting your investments, there are a lot of things you need to learn and consider. Every day, more and more people of different demographics are getting into the world of cryptocurrencies, and who knows if that will raise or stunt the value of bitcoin. Crypto-trading is spreading around the world, and I guess we’ll just have to see where it goes from here.