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RE: HowTo Buy Crypto – Part 6: CEX•IO

in #howto6 years ago

@cryptographic - Sir all my crypto investments bought by Cex exchange... One of the local partner who had verified Cex account helped me to bought BitCoins... I think now they are not allowing new registrations... Few weeks ago I tried but failed... They asked a lot of photography at the verification process & that local partner said, buy crypto (BitCoins) in trading platform of Cex is profitable Sir... I think Cex is the best exchange to buy & sell crypto coins... Few months back @timcliff the famous witness tried to add STEEM to Cex services... I think it's not yet accomplished, but it's a good thought Sir...
Sir here I'm sharing few details of Cex from internet search Sir... Nice you decided to discuss about Cex.IO too Sir... Thank you...

Strengths of CEX

  • Cex has one of the best ranges of available features while guaranteeing an outstanding beginner-friendly experience. The site is surprisingly easy to use – yet offers a many services, trading pairs, security features, and deposit methods.
  • Supports deposits made with credit cards from a majority of countries. When compared to Coinbase, Cex accepts credit cards from significantly more countries.
  • Offers margin trading on BTC/USD, BTC/EUR, ETH/BTC and ETH/USD pairs with good loss-protection tools. Cex competitors such as Bitstamp or Coinbase have no margin trading.
  • Executes orders through fill-or-kill (FOK), making transactions faster and easier for beginners. Even advanced trading platforms like Kraken do not yet offer FOK orders to their users.
  • Includes a mobile application. The android app has received 100 thousand downloads from GooglePlay.
  • Offers an API for 3rd party developers to build customized tools. Most of the leading crypto exchanges are now seeing the additional revenue advantages of opening and API to 3rd party developers.
  • Simple sign-up via social media accounts: users can register using their Facebook, GoogleID, VK, and Github logins.
  • New trending altcoins are actively being added for trading. Most recently we have seen the addition of Zcash and Dash, two increasingly popular privacy-focused cryptocurrencies.
  • Using the affiliate buy/sell page you can easily get recent conversion rates. For example you’ll quickly be able to see how much bitcoin you get for 100, 200, 500, or 1000 usd. I like the transparency offered by CEX – especially compared to other exchanges where you only see the rates after you have signed up.
  • No known security breaches of customer funds to date. Cex has fared well while other large exchanges like Coinbase, Poloniex, Bitstamp, and Bitfinex have all experienced relatively severe thefts (though in most cases users were refunded).

Weaknesses of CEX

  • Delays in card verification sometimes last weeks. Supposedly this was due to an influx of new users. We are indeed seeing reports of the delays clearing up progressively.
  • Unresponsive customer support. Same as above, though the operators released a statement assuring the community that extra support staff were being recruited & trained.
  • Currently supports only seven cryptocurrencies, a small number in comparison to other leading exchanges like Bitfinex or Bittrex. However this is slightly more than Coinbase and roughly the same as Bitstamp.
  • Some countries are not supported with credit card and wire transfer payments. Alternatives such as Coinmama support more countries for Visa/Mastercard deposits. The Localbitcoins p2p exchnage will work in every country.
  • Buggy mobile application offers only a few of the services accessible through the website. Justifiably the app only received a 3 out of 5 rating on the Play store.
  • While the site does its very best to accommodate beginner bitcoiners. I feel that unfamiliar users are taken advantage of through slightly higher fees. Such is also the case on Coinbase and Coinmama. Sites like Kraken or Gdax are nowhere near as easy to use, yet offer the lowest fees to everyone.

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Glad to hear that it has worked for you.

BTW, you really should post the links to what you repost . . . to acknowledge the original author, of course.
https://www.bestbitcoinexchange.io/cex-review/

@cryptographic - Sorry Sir, I forgot to mentioned the link... I'll post it in future posts Sir... Thank you for letting me know Sir...

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