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. 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. The company also offers competitive transaction fees, and you can purchase digital currencies instantly using your debit or credit card.
Is it Legit?
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. It began as a Bitcoin cloud mining company and quickly expanded to offer mobile exchange services. CEX also collaborates with other organizations to promote crypto currency.
CEX is a trusted place to trade and invest in cryptocurrencies. To protect your funds while trading, the company requires account verification. To protect your payment information, it uses a level 2 DDS certificate.
Compared to other cryptocurrencies, Cex is easier to use for beginners. Cex offers many services, trading pairs, as well as 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. They can also set up a pin code on their mobile devices to receive withdrawals without revealing their personal information.
Staking is an investment method in which users stake their own digital assets for a certain period of time. Staking is highly profitable but not risk-free because token values can change. Staking is best for long-term investment. 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 an easy way to purchase cryptocurrencies. It is an option for beginners and experienced cryptocurrency traders alike. The company also maintains an excellent reputation for security. CEX was the victim of a hacking attack in 2013. However, the issue was quickly fixed and the company has not experienced any major security breaches 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. The fiat currencies that are supported include the US dollars (USD), Euros, EUR, British Pounds and Russian Rubles. The exchange also lets you purchase digital currencies with fiat currency.
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. However, its fees are high, and they are hidden in the fine print. Recently, the exchange stopped accepting wire withdrawals in USD and GBP.