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Venezuela, Guatire
1 Level
364 Review
1267.25 Karma

Review on CEX.IO by Gabriel Medina

Revainrating 4 out of 5

Trusted exchange

Cex is a platform for the exchange of very good quality cryptocurrencies. Although unfortunately their commissions are high to buy and sell.
It is an exchange founded in London in 2013 where you can buy, sell and operate cryptocurrencies, which is recognized because it allows all its users to make withdrawals in fiat currency on credit cards.
It accepts clients from almost all countries and has the most popular payment methods: through Visa / MasterCard cards, bank transfer and cryptocurrencies.
What makes it different from other exchanges?
It has evolved to become a multi-functional cryptocurrency exchange, trusted by more than a million users.
It offers us multiplatform operations through its:
  • Website.
  • Mobile app.
  • WebSocket
  • REST API.
  • This allows access to a highly liquid order book for the main currency pairs on the market. Instant buying and selling of Bitcoin is available through a simplified package interface.
    It has a multi-tiered account system development, individual approaches for each client, from newbies attracted to Bitcoin to institutional traders. The worldwide coverage makes it very popular, in addition to having multiple payment options and 24-hour support, this guarantees the security of assets and data.
    Factors to consider
  • The complicated thing about money transfers with Bitcoin: The common and current money transfer services take care of everything when the user wants to send money, but when it is through Bitcoin, it is the user who has to perform all the steps on their own.
  • Loss of money due to the exchange rate: When the user transfers money with Bitcoin, money is lost twice due to the exchange rate.
  • The high buying and selling commissions: It charges a 7% commission per transaction when buying Bitcoin, and also when it is sold.
  • Confusing center of attention: It can be difficult to find a solution to a problem in the center of attention since the results of the search function are often irrelevant.
  • Conclusion
    In itself, Cex is a Bitcoin platform on which the user can transfer money from start to finish. Also, you need to take into account the fees charged for buying and selling Bitcoin. Despite its few years of existence, the trading platform is very reliable and secure, even to be used as a highly reliable web wallet. It is one of the most popular exchanges due to its acceptance by clients from almost all over the world. Being registered in the United Kingdom and the United States, they inform us of the level of confidence that we can have towards this exchange, when investing in the cryptocurrency market.

    

    Pros
    • Available for all countries around the world (subject to government regulations).
    • Accepts deposits in USD, EUR and GBP through bank accounts with a commission of 0%.
    • The maximum transfer amount when having the account verified is very high.
    Cons
    • Commissions for deposits are a bit high.
    • The high buying and selling commissions.
    • Not many fiat currencies are handled and limited to 9 cryptocurrencies.

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