cex.io

Cex.io || Our review and guide in 2018

Our 2018 review of Cex

Cex is one of the oldest cryptocurrency exchanges that are still around today.  Founded back in 2013 in Great Britain as a bitcoin exchange and cloud mining service where the latter was shut down in 2015. During these years Cex has served over 700,000 customers according to their website, selling and buying cryptocurrencies such as Bitcoin and Ethereum.

Cex is also supporting customers in most countries around the world with buying limits as high as $10,000 daily or $100,000 monthly for verified users. And for even larger buyers it’s even possible to get verified “plus” where limits are gone altogether.

Fee structure

Maker fee: 0 - 0.16% 
Taker fee: 0.1 - 0.25%
New to Maker/Taker fees? Read our explanation here..  

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The Verdict

Cex.io is one of the safest bet when picking a cryptocurrency exchange in 2018.  Their long and spot-free track record spanning all the way back to 2013 is a huge advantage in our opinion and a big tell that they are prioritizing the most important thing, security.

Cex also has a very easy to use platform making it a good fit for beginners’, especially those in countries not served by Coinbase.

The fees are the biggest drawback in our opinion if you decide to go for the “easy buy and sell”- method. However, if you buy or sell your cryptocurrencies as a Maker on their trading platform this problem definitely goes away since you’ll be paying around 0 – 0.16%.

Another factor making Cex great for beginners is their stellar customer support that is quickly available on the site to answer questions. They have received great reviews for their work which is something quite rare amongst cryptocurrency exchanges.

Pros & Cons with Cex.io

✅ Good reputation and long history
✅ Quick and easy buying process
✅ Great support
✅ Accepts multiple payment options

⛔ Fees are in the higher range dependant on method of buying
⛔ Offers few cryptocurrencies

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Our Beginner’s guide to buying bitcoin on cex.io

1. Sign up an account on Cex

Step-1

What you need to first is to complete the registration process and get your Cex account started. The process is simple and shouldn’t involve any struggles on the way.

Go to Cex.io
2. Set up 2FA

Step-2
One step of the registration process will be setting up 2-factor authentication for your account. This is highly recommended to do for the security of your funds and account. You can either use an app on your smartphone or use SMS/phone call to your cell phone.

3. Verify your identity

Step-3
As the majority of cryptocurrency exchanges that lets you buy with a bank deposit or credit card, Cex requires you to verify your identity. This is, of course, to comply with laws and regulation to hinder money laundering and other crimes. The process is easy to follow along and in most cases quick to get your account verified.

4. Choose how you want to pay

Once your account has been verified you are ready to fund your account with the money you want to purchase cryptocurrency for. The two main options are using a credit card or bank transfer. Using a credit card lets you get funds into your account quicker but at a higher fee while a bank transfer takes 1-3 days to complete but at lower fees. So which one you choose basically comes down to your time preference and how much your buying for.

5. Buy your Bitcoin or Ethereum!

Step-5
With a verified account that has received your funds means you’re finally ready to purchase your bitcoin or ethereum! If you want to go for the easy-to-use method head over to the Buy/Sell-tab and simply purchase the amount you want. Your other option, if you are a more experienced cryptocurrency exchange user, is to go to the Trade-tab where you can put out a market order and in that way buy or sell your cryptocurrencies at a lower fee!

Go to Cex.io

Great job! 👑

If you appreciated this guide please share it with your friends and family so they also can come along on the crypto journey to the moon! 🚀

Summary
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Cex.io
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