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CEX.io is a new breakthrough cryptocurrency trading platform
Read 100% Free CEX.io Review by Scamorno Team
FULL REVIEW OF CEX.io
- Enables purchasing bitcoins with credit card for low fees
- Extensive verification process required if you want to increase buying limits
What Payments Methods Are Accepted?
|Payment Method||Funds Available||Currencies||Fees|
|Credit Card||1-2 days||USD||3.5% + $0.25|
|Credit Card||1-2 days||EUR||3.5% + € 0.20|
|Credit Card||1-2 days||RUB||5.25% + 15.57 RUB|
CEX.IO also offers members the ability to sell bitcoins to credit or debit cards. The fees are as follows:
- 2.9% + $4.99 for USD
- 2.9% + €4.99 for EUR
- 2.9% + 499 RUB for RUB
- Bank transfers are not charged fees by CEX.io, but your bank may charge conversion fees from your deposit.
Which Countries Do CEX.io Not Support?
CEX.IO supports all countries, unless noted below.
The following countries are restricted for credit card purchases: Iceland, Vietnam, Afghanistan, Algeria, Bahrain, Iraq, Kuwait, Lebanon, Libya, Nigeria, Oman, Pakistan, Palestine, Qatar, Saudi Arabia, and Yemen.
The following countries are restricted from buying with bank transfer: Afghanistan, Democratic Republic of the Congo, Côte d’Ivoire, Eritrea, Ethiopia, Guinea-Bissau, Haiti, Iran, Iraq, Kenya, Liberia, Libya, Guinea, São Tomé and Príncipe, Somalia, Sudan, Syria, Tanzania, Tunisia, Turkey, Vietnam, Yemen, Zimbabwe.
CEX.io does NOT support the US states as following:
Alabama, Alaska, Arizona, Arkansas, Colorado, Florida, Georgia, Guam, Idaho, Iowa, Kansas, Louisiana, Maryland, Michigan, Mississippi, Nebraska, New Hampshire, New Jersey, North Carolina, North Dakota, Ohio, Oregon, Tennessee, Texas, U.S. Virgin Islands, Vermont, Virginia, Washington.
Credit card is the most popular payment method right now on CEX.io. This table compares CEX with other popular credit card exchanges.
|Coinbase||3.75%||USA, Europe, Canada|
Please note that fees are approximate and may vary based on your country or purchase size.
CEX.io’s Trading Limits Based On Your Verification
CEX.IO offers 4 different account levels based on verification provided. Each account type has different buying limits.
Basic: Basic accounts can buy up to $400 worth of crypto per day, and up to $2,000 per month. Basic accounts are unable to purchase via bank transfer.
Verified: Verified accounts can buy up to $10,000 worth of bitcoins per day, or up to $100,000 per month via both credit card and bank transfer.
Individual Business & Corporate: Individual Business and Corporate accounts can buy an unlimited amount of bitcoins.
Review Verdict: CEX.io is a legitimate platform that works
Consumer Fraud Alert Regarding CEX.io
The success of CEX.io has given rise to many frauds who try to sell their own fake platforms in its name. This is a big issue as many customers have lost their money in joining from such fake sites. It is advised that customers should be really careful when they are joining and should do some research before they join from any website. To spot these, watch out and avoid sites that claim to write about CEX.io, yet the write-up is completely garbage and unreadable as they are created by software and spammed all over the internet. It is always better to avoid joining from any other site other than the official one. Therefore, it is highly advised that consumers do careful research, or only join from the site from the official website here – http://CEXOfficial.io/ (link opens in a new window). The official website that they have includes the legitimate product.
Conclusion about CEX.io
The option to buy Bitcoin using your credit & debit card is one of CEX.io’s most used features, even after the 7% fee. We would love to see them lowering down their fee in the coming days as we think this would get more people excited about their service. Since they support many countries, this is an advantage for users from countries where it’s not so easy to buy Bitcoin.