CEX.io : Quickly purchase top cryptos

Well, hi there, crypto followers! Now that the whole world knows about cryptos and nearly all use it, it's becoming more famous than any other. So now, if you are looking for selling/buying cryptos like Bitcoin but, however, don't know which exchange to use, then this review on Cex.io might help you to find out if this exchange is meant for you. So without wasting time now, let's have a look at what Cex.io is with its pros and cons as well as other details given.

Cex.io Logo
Image Credit – cex.io

Table of Contents

  1. What is Cex.io?
  2. The story of Cex.io
  3. Pros and Cons of Cex.io
    1. Pros
    2. Cons
  4. Is Cex.io safe?
  5. Cex.io Cryptocurrencies, Fiat money and Payment methods
  6. Cex.io supported countries and not supported countries
    1. Operating countries:
    2. Not supported:

What is Cex.io?

Cex.io, founded in 2013, is a crypto exchange platform which has more than 4 million registered users on its platform. This exchange is regarded as one of the oldest platforms as a Bitcoin exchange and fiat-to-crypto transactions. Cex.io is not only made for veteran users but also for the beginners who are just exploring buying and selling. Lasting for a lot of years, Cex.io has a proven track record and a mature approach to the industry.

The story of Cex.io

Now that you get the idea of this exchange, you might be wondering what this platforms history was. If you don’t know the history of Cex.io, you aren’t alone. This information is rarely available on the web so here, I will explain the history of Cex.io in a way that you can understand. Let’s dive back to the 2013’s when Cex.io was made:

It was back in the 2013’s when Cex.io was established. They started out as a cloud mining service, bitcoin mining pool and a platform to trade mining power (a group of enmeshed solutions) that owned the GHash.io mining pool. GHash.io was founded and owned by Cex.io. A few years ago around 2014, GHash.io was one of the largest and well-known mining pools.

Later, in early 2015, a decision was made to terminate the mining pool GHash.io. This was because Cex.io decided to stop providing cloud mining services as the group didn’t own any mining hardware as well as the Bitcoin price (at that time) was very low. After GHash.io was closed, this crypto exchange still continues to operate as an independent bitcoin exchange till now.

Later in the same year, 2015, this platform released its mobile app that is available to download even now on either the play store or iOS app store. This app is similar to the website and nearly contains all the same features.

In 2019, CEX.io was officially launched in the U.S and now supports 48 states from this country.

Pros and Cons of Cex.io

Pros of Cex.io

    • Easy to use and navigate through

Even the tough stuff is made easy with this exchange. With all windows clean and easy operable, this makes it convenient and accessible to all.

    • 24/7 support

Just like all other exchanges, this company also offers great support via email, phone and also live chat all around the clock.

    • Lots of features

CEX.io offers advanced order matching algorithms, favorable conditions for market making, high-frequency trading, and strategies. This crypto exchange also offers several different trading pairs and multiple fiat currencies to choose from.

Cons of Cex.io

    • Few cryptos

This does not mean that there are no cryptos in this exchange, but it means that there is not a long list as compared to other exchanges. You can assume that on this exchange, only the top cryptos will be there.

    • Not available everywhere

Although Cex.io is available in a lot of countries (150+), there are some countries where this exchange is not available due to some reasons.

Is Cex.io safe?

Are you wondering whether Cex.io is safe to use or not? Well, the answer can be both yes as well as no. “Yes” because this site has certain licenses as well as registrations.

Cex.io was licensed by an agent called FinCEN (Financial Crimes Enforcement Network) which means that they are highly unlikely to pull out a scam on you without any reason. Here’s the MSB Registration Letter for FinCEN.

This exchange also has a certificate of incorporation of a private limited company. It also has a certificate of compliance issued by Kyte. This exchange has protection under a level two DSS certificate (link given above (Kyte)). This DSS certificate means that you can process, store, transmit or store credit card data. All of these above mean that you are highly unlikely to get scammed by this exchange

One reason for “no” is because, as it is a crypto exchange, they have in store a vast number of different currencies and assets which may make it a huge target for hackers. This does not mean that all hackers target Cex.io but it only means that it may be a possible target. Although cryptos and the blockchain that they’re built on are completely safe, who knows whether the exchanges are safe or not. We can just predict hacks being occurred in the future as there is nothing to suggest the future will be any different. For instance, an UK-based crypto exchange EXMO reported that it had lost around 6% of its total crypto assets. 2019 saw a record number of twelve crypto exchanges being hacked. In 2020, another approx 25 exchanges were hacked.

Cex.io Screens
Image Credit – Cex.io mobile app cex.io

Cex.io Cryptocurrencies, Fiat money and Payment methods

Most cryptos are available in Cex.io. Here’s the full list of all the cryptos available on CEX.io.The first five cryptos listed are Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Tether (USDT) and Cardano (ADA).

If you don’t understand the term fiat currency, it just means money issued by a government. For instance, dollars in the U.S.A, pound sterling in the U.K, rupees in India, renminbi (Chinese Yuan) in China etc. The fiat currencies that are available are:

  • United States dollar (USD)
  • Euro (EUR)
  • Pound Sterling (GBP)
  • Ruble (RUB)

The following payment methods are accepted in Cex.io to fund the account:

  • ACH
  • Faster Payments
  • MASTERCARD
  • QIWI
  • Sepa
  • Skrill
  • SWIFT
  • VISA

Cex.io supported countries and not supported countries

As Cex.io has a global coverage, nearly all of the countries are allowed to use this platform. Cex.io currently operates in 170+ countries but due to financial reasons, (as a result of that) this platform not operate in 77 countries.

Operating countries:

1.Aland Islands 2. Albania 3. Andorra 4. Angola 5. Anguilla 6. Antarctica 7. Antigua and Barbuda 8. Argentina 9. Armenia 10. Aruba 11. Australia 12. Azerbaijan 13. Bahamas 14. Bahrain 15. Barbados 16. Belarus 17. Belize 18. Benin 19. Bermuda 20. Bhutan 21. Bolivia 22. Bonaire, Sint Eustatius and Saba 23. Botswana 24. Bouvet Island 25. Brazil 26. British Indian Ocean Territory 27. Brunei Darussalam 28. Burkina Faso 29. Cameroon 30. Cape Verde 31. Cayman Islands 32. Chad 33. Chile 34. Christmas Island 35. Cocos (Keeling) Islands 36. Colombia 37. Comoros 38. Cook Islands 39. Costa Rica 40. Côte d’Ivoire 41. Djibouti 42. Dominica 43. Dominican Republic 44. Ecuador 45. Egypt 46. El Salvador 47. Equatorial Guinea 48. Eritrea 49. Ethiopia 50. Greenland 51. Hong Kong 52. India. Only 52 is listed. For the full list, check the website.

Not supported:

1. Afghanistan 2. Algeria 3. American Samoa 4. Austria 5. Bangladesh 6. Belgium 7. Bosnia and Herzegovina 8. Bulgaria 9. Burundi 10. Cambodia 11. Canada 12. Central African Republic 13. China 14. Congo, Democratic Republic of (Congo-Kinshasa) 15. Congo, Republic of (Congo-Brazzaville) 16. Croatia 17. Cuba 18. Cyprus 19. Czech Republic 20. Denmark 21. Estonia 22. Finland 23. France 24. Germany 25. Gibraltar 26. Greece 27. Guam 28. Guinea-Bissau 29. Hungary 30. Iceland 31. Iran, Islamic Republic of 32. Iraq 33. Ireland 34. Isle of Man 35. Israel 36. Italy 37. Japan 38. Korea, Democratic People’S Republic of 39. Lao People’s Democratic Republic 40. Latvia 41. Lebanon 42. Libyan Arab Jamahiriya 43. Liechtenstein 44. Lithuania 45. Luxembourg 46. Netherlands 47.Poland 48. Portugal 49. Spain 50. Sudan 51. Sweden 52. United Kingdom 53. United States of America. Only 53 is listed. For the full list, check the website.

Disclaimer: Digital Wallets News does not recommend that any cryptocurrency should be bought, sold, or held by you. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.

Click here to download Cex.io
|| Android || iOS ||

Disclaimer: Digital Wallets News does not recommend that any cryptocurrency should be bought, sold, or held by you. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.

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