Bitcoin is a cryptocurrency that is decentralized without a central bank or any administrator. Exchange of bitcoins is done from one user to another via a network. It is open-source software, and bitcoins can be exchanged to currencies, products, and services. CEX.io is considered the cheapest way to buy bitcoin, a trusted platform that enables you to buy and sell bitcoins.
Cex.io bitcoin fees-Cheapest way to buy bitcoin
CEX.io provides the space for the users to buy bitcoins for very low rates via a credit card. CEX.io does not charge you for bank transfers. Their basic fees are as follows:
- 2.9% + $4.99 for USD
- 2.9% + €4.99 for EUR
- 2.9% + 499 RUB for RUB
CEX.io also has a platform to trade digital assets (e.g., bitcoins) without actually owning them. This is done via Contracts-for-Difference (CFDs). There are many advantages to using the CEX.io broker platform.
- You can optimize your trading with competitive rates and transparent commissions.
- You can use the customized interface to personalize your charts and tools.
- You have the ability to deploy advanced tools to hedge your assets and trade them with confidence.
- You can make use of the countless technical analysis instruments to interpret price movements.
- You have the option of one-click trading and execute strategies of all levels of complexity.
- You have the ability to deposit and withdraw your funds in a few clicks’ time.
- You can trust the CEX.io broker to secure and safeguard your funds with ultimate security.
- You have support around the clock regarding any concern you may be having.
Why choose the cheapest way to buy bitcoin: CEX.io?
CEX.io provides many benefits to the user, which other cryptocurrency platforms do not offer. It is considered as one of the most reliable sources to trade digital assets without having to worry about safety and security.
- CEX.io has the most popular and more accessible methods of payment such as Visa, MasterCard, bank transfers (SWIFT, SEPA, and fast payments)
- It also provides protection against DDoS attacks with complete data encryption, which compliant with PCI and DSS standards.
- CEX.io is one of those digital platforms that cover 99% of the entire world’s countries, including 31 states in the USA.
- It has a very strong and healthy relationship with banks with MSB status.
- It protects the user from negative balance, and the user can trade with up to 10 times leverage.
- CEX.io has very reasonable fees and gives active offers for market makers.
- You can trade via the website or on the mobile phone app.
- CEX.io provides transaction history with transparent fees.
- It has access to high liquidity order books for top currencies.
CEX.io verification process
CEX.io provides a very easy verification process. You have to ensure the following documents are in place before you start the verification process.
- A valid international ID/ Driver’s License/ Passport. This document should be internationally recognized.
- A pen and paper
- Your Tax identification number (Social Security Number if you are residing in the USA)
The first step is to verify the identity by providing country of residence, identity proof, personal information, and identity document details.
Then goes Address verification. You first start by confirming your address. Then proceed by uploading a photo of your residence proof. If you have a social network profile, you need to update information regarding that, as well.
Afterwards, you have to pass Enhanced and Corporate levels. Once you complete these two levels, the user gets higher deposit levels and withdrawal levels.
Cex.io supported countries
CEX.io is an international platform that provides the ability to trade digital assets from all around the world. But certain countries restrict credit card purchases, thus not allowing these transactions.
The countries that are restricted in credit card purchases are Iceland, Pakistan, Vietnam, Afghanistan, Palestine, Qatar, Saudi Arabia, Yemen, Oman, Nigeria, Libya, Lebanon, Kuwait, Iraq, Bahrain, and Algeria.
CEX.io allows bank transfers to buy bitcoins. But some countries do not allow bank transfers. Hence, CEX.io cannot be operated in those countries.
The countries that Bank transfers are not allowed are; Afghanistan, Democratic Republic of the Congo, Côte d’Ivoire, Eritrea, Ethiopia, Guinea-Bissau, Haiti, Iran, Iraq, Kenya, Liberia, Libya, Guinea, São Tomé and Príncipe, Somalia, Sudan, Syria, Tanzania, Tunisia, Turkey, Vietnam, Yemen, Zimbabwe.
When it comes to the USA, the following states are not performing on CEX.io platform; Alabama, Alaska, Arizona, Arkansas, Colorado, Florida, Georgia, Guam, Idaho, Iowa, Kansas, Louisiana, Maryland, Michigan, Mississippi, Nebraska, New Hampshire, New Jersey, North Carolina, North Dakota, Ohio, Oregon, Tennessee, Texas, U.S. Virgin Islands, Vermont, Virginia, Washington.
The best features of CEX.io
- CEX.io supports BTC, USDT, USD, EUR, RUB, GBP
- Offers a fully-fledged mobile app
- Security features are outstanding
- You can buy/ sell/ and trade bitcoins
- You can buy bitcoins
Conclusion: Cheapest way to buy bitcoins while being safe
When you want to purchase digital assets, there are plenty of them available. But you need to find one that you can trust, one that is safe, and one that provides the best returns. CEX.io is, by far, one of the best online platforms for digital asset trading. It has the option of buying bitcoins using a credit card or a debit card. It has a two-factor verification to make it even more secure. After about 48 hours, the card gets linked to your account, and you can buy bitcoins. The best feature of CEX.io is its interface. It has a very attractive user interface that anyone can use. They also have a very supportive security team that ensures all security aspects of the user’s account, which most of the cryptocurrency platforms do not have. Therefore, you can say that CEX.io is the cheapest way to buy bitcoins and the best-secured platform for digital assets.