CEX.IO Have Launched Bitcoin Cash Trading – What Is Your Profit?

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Initially, setup in as a crypto cloud-mining company, Cex. It has a distinction of allowing users to fund their accounts with fiat currencies, and to withdraw their crypto holdings in the form of fiat currencies. This eliminates the cex buy bitcoin cash system of acquiring cryptos with fiat currency from exchanges like Coinbase, before using same to fund accounts on other cryptocurrency exchange websites.

Cex io Bitcoin trading, as well as the trading of other crypto cex buy bitcoin cash such as Ethereum and Dash, are all done using two versions of the trading platform:.

Traders can opt for the web-based Cex. Users can use market orders or limit orders to execute purchase or sell trades. These trades involve the purchase or sale of cryptocurrencies, using fiat currencies as the transactional media exchange. Four fiat currencies are used in base account operations on Cex. Using the browser trader is very easy. Once the account is open, the account can be funded using the fiat currencies mentioned above. Cex offers cex buy bitcoin cash easy way to immediately purchase bitcoin without entering into their trading interface.

This can be seen below. Here, Dollars worth of Bitcoin is to be purchased by the trader. Once this option is selected, the trade is processed in a few short sequences. Apart from the default amounts statedand units of fiat currencyusers can also choose to buy whatever amount of cryptocurrencies they want using a custom figure. The snapshot below shows this very clearly:.

In this example, the trader has opted to purchase ETH worth Euros. To do this, an input of the fiat currency amount to be used is made, and the proper amount of ETH is entered by the system automatically according to the exchange rate between Ethereum and the Euro i.

Users can also deposit funds after signing into the exchange by clicking deposit on the top right of the screen. Once a user selects the deposit option they will come accross a page that allows them to choose their deposit method see image below and proceed with the process. Cex online trades in any of the cryptos available can also be carried out on the go using the Cex io mobile app. Two versions are available: It is preferable to initiate the downloads of these apps from the Cex.

For traders who only wish to buy and sell cryptocurrencies on an exchange basis Basic Tradingthe cryptocurrency assets available for trading are:. Advanced Level trading i. Margin Trading is done using the cryptocurrency pairs. Therefore, the assets available for Margin Trading are:.

Furthermore, some cryptocurrency assets are also paired with other cryptos e. What are the fees associated with trading or cryptocurrency exchange activity on Cex. Deposit and withdrawal fees are costs that are incurred every time a deposit is made or a withdrawal is initiated. Each method of deposit and withdrawal presents its own unique transaction costs.

Market transaction fees are the costs that are associated with trading of cryptocurrencies on Cex. These fees are calculated using the trade volume amassed cex buy bitcoin cash the trader over a day period. The fee schedule is specified below:. Margin trading fees for opening of positions on all cryptocurrency pairs is 0. No fees are charged for closing positions.

The major consideration of any cryptocurrency exchange operation is security of funds and crypto holdings of traders. Cex buy bitcoin cash so many hacking attacks targeted at cryptocurrency exchanges, Cex. The result is that not a single hacking attack or theft of funds has been recorded on the Cex.

What are the limits that are associated with Cex credit card and bank wire transaction systems? Here are the floor and cex buy bitcoin cash price limits for each transaction method used for adding or withdrawing funds on Cex.

Please note that account limits are dependent on the account type operated by the trader. Other account types can withdraw unlimited amounts with no time limitation. Crypto Capital Not available Limits per transaction:. Supported Countries Funding and withdrawals of any cryptocurrency account on exchanges are subject to approvals by international financial watchdogs, who are out to ensure that only genuinely acquired funds are used for trading. Therefore, some countries may find it hard to gain entrance into the payment channels supported on Cex.

Phone and live chat support are currently not available. Cex customer reviews on the quality of customer support have generally been positive. Skip to content Tokens Tags CEX exchanges review trading. The snapshot below shows this very clearly: Assets Traded For traders who only wish to buy and sell cryptocurrencies on an exchange basis Basic Tradingthe cryptocurrency assets available for trading are: Therefore, the assets available for Margin Trading are: Fees What cex buy bitcoin cash the fees associated with trading or cryptocurrency exchange activity cex buy bitcoin cash Cex.

The fee schedule is specified below: Deposits and Withdrawals Deposits and withdrawals can be conducted using the cex buy bitcoin cash methods: This is one method of fiat currency deposits. Deposits and withdrawals can also be performed cex buy bitcoin cash the cryptocurrencies that are traded on Cex.

Security The major consideration of any cryptocurrency exchange operation is security of funds and crypto holdings of traders. Limits What are the limits that are associated with Cex credit card and bank wire transaction systems? Customer Support Customer support on Cex. First Name Email address:

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Have you ever pondered on how secure Cex is for buying and selling cryptocurrency? Throughout this Cex review I will examine everything that you need to know.

From being the leading bitcoin mining pool, to becoming the most beginner-friendly cryptocurrency exchange - Cex has quite the gift for continually adapting its core business practices to better suit the market. The exchange feature was added to help users sell and buy shares of the mining pool using bitcoin.

Through its cloud mining services, the exchange made it easier and more convenient for users to enter and leave mining operations. There was no need to purchase mining hardware when joining, or to dispose of it when exiting. The exchange started accepting deposits in US dollars, euros and Russian rubles through wire transfers, credit cards and SEPA from users around the world who wanted to buy bitcoins or GHash mining shares. After the August 1st Bitcoin hard fork that saw the creation of Bitcoin Cash BCH , the exchange announced they had enabled selling and buying of the new cryptocurrency on their platform.

Before proceeding to the core of my Cex inspection I would like to remind readers that the company ceased all cloud mining operations in January Supposedly this was to better focus on their services as a cryptocurrency exchange and trading platform. The user experience takes a core part of my Cex analysis. This is after all the main take-home opinion that users get during and after their usage. The company serves its users through a website, a mobile application and an API.

The website has a superior design when compared with other exchanges such as Coinmama or Bitfinex. Beginners are easy able to navigate from the sign-in page to the trading panel. Such 2FA is actually quite easy to do, yet keeps accounts safe for signing in and withdrawing.

The best types of 2FA are done using tools that only you control. One feature that makes Cex stand out from other exchanges is that it uses the fill-or-kill FOK model to execute orders.

This means that when you place an order, it is fulfilled immediately in its entirety. If the fulfilment cannot be achieved immediately, then it is cancelled. According the website analysis site Similarweb. Other countries that bring a high number of visitors include Russia 5. The Cex mobile application is available for both Android and iOS.

Through the app, you can deposit bitcoin, ether, and litecoin using a QR code. You can also place limit market orders within the app. Users can view balances, active orders and changes in price. You can also initiate, manage and cancel orders as well as use real-time data from across different exchanges to analyse cryptocurrency markets.

Since the release of the app in December , feedback from users has been both positive and negative. Some users have welcomed the app as a handy tool for keeping in touch with the market while on the go.

I believe that such statements are indeed true, but more work could be made to expand the features of the app. Others have expressed disappointment over poor user experience. Common complaints includes the app failing to execute orders, not displaying detailed graphs and making it difficult to login in.

It also only offers a fraction of the services accessible through the website. In addition to the mobile application, the team have made an application programming interface API available for developers to create customized applications for trading and managing funds.

The API comes in three types: Rest for accessing market data, WebSocket for professional traders and Fix for institutional traders. The trading API is limited to requests per 10 minute interval. To increase this capacity developers will need to contact customer support. It is ranked 15th in the list of crypto exchanges in terms of trade volume.

It outranks almost all of them in the amount of traffic from Russia, however. Aside from Yobit and Livecoin, few other major global crypto exchanges have Russia even in the top five countries in terms of traffic to their platforms. The social media team are very active and responsive on Twitter, Reddit, and their blog. Do reach out to them if needed. There are some very interesting articles that I would encourage everyone to follow: Aside from buying and selling cryptocurrencies, Cex has one of the best trading platforms.

It supports margin trading for cryptocurrencies with 1: Features such as the automatic funds borrowing and negative balance protection make margin trading relatively accessible to beginners. The process takes less than a minute. However, before you can use your credit card to purchase cryptocurrencies, you need to submit it for verification.

To verify your card, you will fill out a form that requires you to provide the name on the card, the card number and the expiration date. In addition, the exchange requires you to upload three color photos proving ownership of the card. The first photo you provide is a selfie of you holding the card with its information clearly visible.

The second photo is a selfie of you holding both the credit card and a government-issued ID. Information on both documents should be readable. The third photo is a selfie of you with the back of the ID visible. After submitting these photos and filling out the form, you will be prompted to confirm that the information you have provided is up to date and valid.

You will also give permission for a company compliance officer to view the information. If any part of the information you provide is not correct, the compliance officer will reach out to you for clarifications.

The verification process can take a few hours or up to a day. Some users, however, have reported waiting for longer than a day. There are three types of fees on Cex: Cex charges users higher fees than most other exchanges.

All transaction fees are paid by the buyer a trader who responds to an offer. The trader or seller who puts up an offer on the platform does not incur transaction fees. The fees are a commission of the value involved and they range from 0. The higher the volume involved, the lower the fee percentage. Two factors determine the amount of fees you pay to deposit or withdraw from Cex. The first is the currency involved. The second is the payment method you choose to use.

Depositing through bank transfer and cryptos is free. Deposits made through Visa and MasterCard cost between 3. The platform charges no fees for closing positions. You can access and use the services of Cex from anywhere around the world. However, the availability of payment methods it accepts from your country of residence can limit the services you receive.

The use of credit cards to deposit fiat currency is unavailable to residents of the following countries:. While the exchange is registered in the US as a money service business, it is unavailable in over half of its states due to restrictive regulatory requirements.

Certain sites also offer similar beginner-friendly features. Here are the best alternatives to Cex. October 09, by BestBitcoinExchange — 10 Comments. Buy Bitcoin Now Rank. Buy Now Go to eToro eToro. Ordering BTC with a credit card on Cex. Welcome Zcash trading on CEX. How was your experience using Cex - was it excellent or were there aspects you disliked? What would you add to this Cex review? You can let everyone know in the comments. Read More Buy Now. Thank you for submitting your comment for moderation.

Notify of new replies to this comment. Since December , users from Ukraine can not pass the verification and fully use the exchange. Don't bother using them. The sad part is that every one of these exchanges has their drawbacks, but at least some admit when they are wrong and fix the issues while they are trying to adapt and find themselves. This company on the other hand is not one of them. This is an example of a double charge issue and their poor response.

We apologize for inconveniences caused. According to your account history, you have placed 2 orders to buy XLM, that were executed immediately, therefore your transaction couldn't be cancelled. The emails might have landed there instead of your inbox. In case of any other questions, please let us know. Best regards, Nanna CEX.