Cex.io Review

As the first cloud mining provider, CEX was established in 2013.
Over the years, CEX has developed into a Bitcoin exchange platform. The company offers two major services namely:

Services

  1. Bitcoin trading for professionals
  2. Easy buy/sell of Bitcoins through simplified interface

CEX operates in 99% of countries across the world and 25 states of USA. With multiple fiat currencies such as EUR, USD, RUB and GBP, you can buy and sell both Ethereum and Bitcoin using CEX.IO

Deposits

Both physical and virtual deposits are available through credit and debit cards, including SEPA, wire transfer and Skrill. With the development of the platform, card payments have become very fast and easy, and you can as well withdraw your funds to a payment card instantly. Through mobile application, website, REST API and Web Socket, CEX.IO makes cross-platform trading available for their users.

For top currency pairs on Bitcoin market, CEX.IO guarantees access to their order book and fast order execution. For all trade operations, the exchange charges 0.2% fee. However, exceptional conditions for high-volume traders can be negotiated.

Security

So far so good in the history of CEX.IO, none of their members ever encountered account funds theft. This is backed by safe cold cryptocurrency storage, system and user account security, profound legal compliance as well as financial viability.

Verification

To get verified on CEX.IO is a very simple process. On their exchange site, they offer detailed Verification procedure to enable users familiarize with the verification process. This is very helpful, especially for new users

Also, another great thing worth mentioning is that, there’s always a support agent to answer the questions posted below the verification guide. This makes enquires easy and a great alternative to ticket opening.
Below are the Requirements needed for Identity verification

  • Residential information, this includes: (name, date of birth, place of birth, address, gender, and phone number)
  • Government-issued document (driver’s license, ID card, passport)
  • Proof of residency (a bank statement or utility bill with the user’s name and address)
  • Selfie with an ID document (driver’s license, ID card, or passport)

Usually, the verification process doesn’t take long. It can take up to 24 hours.
Pros and Cons of CEX.io

Pros

  • CEX.io is a well-Established Company
  • They have Great and Fast customer support
  • High Trading Volume
  • Simple Buying Process

Cons

  • Broad Verification Process to Increase Purchasing Limits
  • Relatively High Fees

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