top of page

Buy and Sell Bitcoins With CEX [Get $10 bonus For First $100 Spend]

  • Writer: CryptoCurrencyAltcoins
    CryptoCurrencyAltcoins
  • Dec 9, 2017
  • 2 min read

Updated: Feb 8, 2018

ree

Established in 2013 as the first cloud mining provider, CEX has become a multi-functional cryptocurrency exchange, trusted by over a million users. On January 2015 the cloud mining operations were closed and today CEX operates solely as a Bitcoin exchange. CEX is registered with FINCEN and It applies KYC (know your customer) and AML (anti money laundering) policies. This means you’ll need to verify your identity before you will be able to buy Bitcoins via the exchange.


CEX offers cross-platform trading via website, mobile app, WebSocket and REST API, providing access to high liquidity orderbook for top currency pairs on the market. Instant Bitcoin buying and selling is available via simplified bundle interface.



HOW TO REGISTER


Registration can be carried out on the web or mobile app. You are simply required to create an account with an email and password before verification.



WHO CAN BUY?


CEX supports all countries worldwide for credit card purchases except for the following: Iceland, Vietnam, Afghanistan, Algeria, Bahrain, Iraq, Kuwait, Lebanon, Libya, Nigeria, Oman, Pakistan, Palestine, Qatar, Saudi Arabia, and Yemen.



REQUIREMENT FOR PURCHASE


There are four different account limits on CEX – Basic, Verified, Verified Plus and Corporate.


Basic accounts can buy up to $500 worth of Bitcoins per day and $2000 worth of Bitcoins a month.


Verified accounts can buy up to $10,000 worth of Bitcoins per day and $100,000 worth of Bitcoins a month.


Verified plus and corporate accounts have no limitations on the amount of Bitcoins that can be bought.


In order to become verified you’ll need to supply a government issued id and personal information about yourself.


The exchange supports the following fiat currencies:


  1. United States Dollar (USD)

  2. Euro (EUR)

  3. Russian Ruble (RUB)

  4. Great Britain Pound (GBP)

Supported digital currencies include:


  • Bitcoin (BTC)

  • Ethereum (ETH)

  • Litecoin (LTC)

  • Cloud-based hashing power (GHS)



CEXFEES AND CHARGES


CEXtakes a 7% fee for the service which is charged from the amount of fiat currency you pay. So if you buy $1000 worth of Bitcoins you’ll get only $930 worth.


This means that the high exchange rate you see on CEX already includes the service fee within it, and no other fees will apply. However the fee stated above is only relevant if you want to do a direct purchase with CEX.


The exchange also supplies trading services in which different fees will apply. In order to trade you’ll need to fund your CEX account with either a bank account (no commission on CEX’s part) or a credit card (3.5% + $0.25 commission). Also, once entering a trade you will need to pay up to a %0.2 transaction fee depending on your part in the trade.



CONCLUSION


In the past year or so the exchange has leap frogged forward and has become one of the leading Bitcoin brokers around. The user interface is very intuitive and even complete newbies will manage to buy Bitcoins with it. As long as you are aware of the fees and the verification process needed to buy more substantial amounts of Bitcoin you’re good to go.




ree


Also, make sure to head over to my website and become a free member today. You will get my “Cryptocurrency 101” eBook as my welcome present.



Comments


Subscribe

Join our mailing list

Never miss an update

bottom of page