Review on CEX.IO by Mr Benji

Name: CEX.IO
Item: CEX.IO
Rating: 3

June 27, 2019

Exchange

- Does not officially require authentication. But it has a catch. Without verification, you will have low deposit limits ($ 300 per day or $ 1000 per month) and withdrawals ($ 500 per day or $ 2000 per month). But most importantly, the account can only be financed with a credit card without verification. The paradox is that you must verify your card to use your credit card. The card verification process is quite lengthy and requires not only to fill out card information, but you will also need to provide you with a photo of you with your card, your credit card and your identity card, etc.
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-CEX io allows you to buy and sell Bitcoin, Ethereum, Ripple, DASH, Bitcoin Cash, Bitcoin Gold, Zcash and Stellar cryptocurrencies. Deposits and withdrawals can be made on this stock exchange using cryptocurrencies and four traditional currencies: EUR, USD, GBP and RUB. However, in order to trade CEX io, you will first need to create a trading account.
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Pros

margin trading or trading on credit. This tool allows you to place more business positions than you have funds on. You will borrow some of the amount you need and return it when you close the transaction. You can trade with a 1: 2 or 1: 3 leverage

Cons

Many clients say they have not yet received the money they want to withdraw
Customer support is trying to solve slow withdrawals, but it is obviously not doing well with the growing number of clients. Many users refer to CEX as a fraud because they have to wait weeks for their money
to slow crediting payments, you will find several complaints also about unresponsive customer support or high and hidden charges. Several users have also lost their money because of hackers. However, these are isolated cases.