CEX.IO – Review
Cryptocurrencies are looking to revolutionize the world. From how we trade and do business to how we vote, compute and bank.
Bitcoin has been the best performing asset for the past nine years. It has managed to bring in higher returns compared to traditional assets such as shares and real estate.
For the early investors into bitcoin, they managed to make a killing when it reached $ 20,000 in Dec 2017.
That being said, it is still early even in 2019 for those looking to put some cash into bitcoin.
This is since mass adoption is yet to happen. Which is good for those who get to the party late. So, here is how to buy and sell bitcoins with CEX.IO:
- Step 1:
Sign up. It goes without saying the first step would be to sign up. The process is fairly simple and takes a few minutes to do so. Once you have done this, you will be required to upload your identification, i.e. ID, passport or drivers license.
- Step 2:
You need to add a bank card and link it to your account. This could be Visa or Mastercard. CEX.IO also supports PayPal debit MasterCard. This process takes up to 5 minutes only. The process is fast and easy eliminating any uncertainty.
- Step 3:
Once your account has been verified, it is time for you to log-into your account and make your bitcoin purchase. Currently, they are accepting USD, EUR, GBP, and RUB. Fill up the amount of fiat money you wish to buy in bitcoins and you are done. Ensure that you have a bitcoin address. To get one, all you have to do is download a bitcoin wallet or sign up at bitcoin.com for a free account.
And never share your private keys with anyone. Do this, and they can access your bitcoin.
For individuals looking to spend large amounts of money to invest in bitcoins, there is the option of bank transfers. Don’t worry about security. They are in compliance with PCI DSS standards, protection against DDoS attacks and have full data encryption.
Other than the purchase of Bitcoin, you can also trade on the same platform. They offer quick order execution, low spread and more importantly: access to high liquidity order book for the top currency pairs in the market.
To top it all off as a trader, cross trading can be realized through the website, API solutions as well as their mobile app. In order to trade on CEX.IO, you need to deposit your funds by way of your payment card or bank transfer.
This depends on the bitcoin trading pairs. As far as exchanges go this is one of the oldest and most secure ones. To date, it has 0% user funds theft and 99.999% service availability.