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 well-known exchange platform where users can trade digital currencies for fiat currencies and buy and sell digital currency. Its user-friendly interface makes it easy for beginners to get started with cryptocurrency. You can also purchase digital currencies immediately using your debit card or credit card.
Is it legal?
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. The company began as a Bitcoin cloud mining service and soon expanded to offer exchange services via smartphone apps. 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. To protect your payment information, it uses a level 2 DDS certificate.
Staking
Cex is simpler to use than other cryptocurrency. Cex offers many services, trading pairs, as well as security features. It supports credit card deposits and is much more user-friendly that competitors like Coinbase. To ensure account security, users can set up two-factor authentication. To receive withdrawals, users can set up a pin code via their mobile devices.
Staking is an investment strategy that allows users to stake their digital assets for a set period. Staking is highly profitable but not risk-free because token values can change. Staking is best for long-term investment. In addition, rewards may change from time to time, depending on the state of the network and the performance of individual validators. 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. Their security protocols include protection from DDoS attacks, full data encryption, offline cold storage, and two-factor authentication.
Fees
CEX supports over 15 cryptocurrencies, as well as multiple fiat currencies. Some cryptocurrencies can only be used with certain services while others can be used across all services. 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.
The user interface of CEX is easy to use and provides quick entry into the cryptocurrency world. Its cross-platform application makes it easy to monitor your account on the go. Its latest developments include the addition of new cryptocurrencies and a more advanced trading platform. It also plans to introduce margin trading in the future. The fees are very high and are not disclosed in the fine print. The exchange has also recently stopped processing GBP and USD wire withdrawals.