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CEX.IO review: Top cryptocurrency exchange
CEX.IO is a leading cryptocurrency exchange known for its user-friendly interface and robust features. Serving both beginners and experienced traders, the platform offers seamless transactions and supports a diverse range of cryptocurrencies. With a focus on security and competitive fees, CEX.IO stands out as a trusted choice in the dynamic world of digital assets. Our review provides key insights into why CEX.IO is considered a top cryptocurrency exchange.
CEX.IO: PROS AND CONS
REPUTATION & HISTORY
CEX.IO stands as one of the longest-running Bitcoin exchanges still in operation. Established in London in 2013, it has catered to three million customers over the years. Initially, CEX.IO's primary offering was a cloud mining pool named Ghash.io, which, at one juncture, constituted 42% of the Bitcoin network's hash power. In 2015, Ghash.io ceased operations as the management shifted its focus to the exchange business.
SECURITY & SAFETY
CEX.IO has secured the necessary licenses to conduct lawful operations in various nations. The platform is officially recognized by FinCEN in the United States and holds registration as a Money Services Business in the United Kingdom. Compliance with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations is mandatory for users, requiring identity verification to access the complete range of features offered by CEX.IO.
DEPOSIT OPTIONS
Acquiring cryptocurrency is possible through direct purchases with Visa or MasterCard, or by depositing funds into your account using ACH, SEPA, or SWIFT bank transfers.
CURRENCY OPTIONS
Apart from Bitcoin, CEX.IO facilitates the trading of numerous other digital currencies, encompassing Ethereum, Bitcoin Cash, Litecoin, Dash, Ripple, and various others.
BANKING
WITHDRAWAL SPEEDS
Following the initial verification, CEX.IO swiftly handles the majority of credit card transactions. Although the account verification process may take some time initially, it significantly expedites subsequent purchases.
ADDITIONAL FEATURES
CEX.IO goes beyond being a mere Bitcoin exchange, providing a range of financial products such as crypto staking and loans. By holding a stakeable digital asset in your CEX.IO wallet, you can accrue daily interest, with specific returns contingent upon the particular digital currency you possess. At this platform, you have the opportunity to engage in Contracts For Difference (CFDs). In more technical terms, this implies that you are not directly trading the underlying asset. Instead, your trading involves the difference in price between your entry and exit points.
BONUS AND REWARDS
CEX.IO features an affiliate program that enables you to receive commissions whenever individuals sign up through your distinctive link and engage in trading activities. You are entitled to 30% of all the fees they incur after registering with your referral code.
SUMMARY
CEX.IO stands as a reliable Bitcoin exchange, upholding a commendable reputation throughout its nearly eight years of operation. It boasts a strong security track record and maintains compliance with regulations in all the countries where it conducts its operations.