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. It has an easy user interface, high credit card functionality, large purchase limits, and a mobile application. The company also charges very 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. Its user-friendly interface makes it easy for beginners to get started with cryptocurrency. The company also offers competitive transaction fees, and you can purchase digital currencies instantly using your debit or credit card.
Is it legal?
When CEX first entered the market, they were one of the few exchanges to offer fiat-crypto transactions. The platform is based in London, UK and now has over four million registered users. The company began as a Bitcoin cloud mining service and soon expanded to offer exchange services via smartphone apps. CEX also collaborates with other organizations to promote crypto currency.
CEX has a proven track record of being a safe place to invest and trade 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.
Cex is simpler to use than other cryptocurrency. It offers a range of services, trading pairs, and security features. It also supports credit card deposits, and is significantly more user-friendly than 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. It is highly profitable, but it is not risk-free, as token values are unpredictable. As a result, staking is best suited for long-term holding. 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.
CEX is a simple way to buy cryptocurrencies. It is an option for beginners and experienced cryptocurrency traders alike. 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.
CEX supports over 15 cryptocurrencies, as well as multiple 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). The exchange also lets you purchase digital currencies with fiat currency.
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. It also plans to introduce margin trading in the future. However, its fees are high, and they are hidden in the fine print. Recently, the exchange stopped accepting wire withdrawals in USD and GBP.