What is CEX.IO?
CEX.IO is a Bitcoin exchange that was founded in 2013.The Company has its headquarters in London, UK. CEX.IO has a very different approach when it comes to its customers. It follows a new and individual approach whether it’s a beginner or an experienced trader. The company provides its services in 99% of the countries with 0% trading fee for makers. This platform has served half million user’s so far.
There is an option of cross platform trading through various means such as website, mobile application, through REST API and Web socket. For instant buying and selling of crypto, this platform uses bundle interface. One of the most important features of CEX.IO is that it maintains high liquidity for top trading pairs.
Security at CEX.IO
CEX.IO follows strict strategies when it comes to security. For system security, it has SSL standards and all the data on servers is encrypted. There is also protection against DDoS attack.
Two-factor authentication is also an important feature, which can be enabled by the user before proceeding to any trade. The user will have to download the Google authenticator on their devices. The user can scan the QR code of CEX.IO account and sync them. Every time the user tries to log in, a 6-digit code goes to the user’s registered number.
To protect the currency, the company keeps them in cold storage to protect them from any cyber attacks. CEX.IO holds a strong relationship with banks and has certification of PCI DSS.
As far as compliance is concerned, company sticks to Anti-Money Laundering (AML)/ Know Your Customer (KYC) guidelines so that all the user’s that register with this platform are genuine with authentic ID and bank account. It keeps the crypto community safe from any cyber crimes. CEX.IO is also registered with ICO in the UK.
The platform is time driven to assure the safety of the digital currency. It supports multiple payment platforms such as Visa, Master Card, Cryptocurrency and Bank transfer through SWIFT and SEPA.
CEX.IO provides complete assistance for trading and exchange with its 24*7 availability. There are several affiliate programs available. For every new user added to the community, one can earn 30% of the transaction. A referral link is generated for the affiliate through which he could send invitations and earn rewards for the same.
How to register a new account on CEX.IO?
In order to register a new account, log on to www.cex.io Click on the “register” tab. Enter the details as required such as Email ID and password and click on “I agree to T&C”.
Buy/Sell at CEX.IO
The interface is very efficient and easy for a trader to buy/sell on this platform. Select the crypto currency either BTC or ETH and the fiat currency for exchange. USD, EUR, GBP, RUB is the fiat currency acceptable on this platform. Enter the amount for both and click on “Buy” or “Sell”.
Deposits and withdrawals are also pretty simple. Incase of both deposit and withdrawal, choose a payment method and the preferred fiat currency. Enter the amount and select if the deposit is to monthly or daily. For this process, 2fa has to be enabled.
All the trading pair’s pricing is available in real-time with timelines in minutes and hours. The user can also see the 24-hour trading volume and the opening price for the day. There are also several tools available such as charts with market depths and analysis of the crypto currency.
The platform also provides the feature of margin trading. A lender can provide the investment to an active trader for a fixed interest margin. The trader can trade on higher prices and earn the profit.