Cex

RATING

CEX.IO allows for the buying of bitcoins for low fees via credit card. Customers can also purchase for free with bank transfers.

Pros / Cons
  • ✓ Support for many countries and regions
    ✓ Low 0.2% trading fee
    ✓ Established and trusted exchange
  • ✗ Verification process is extensive, requiring much personal information (including a photo) and incurring a long delay
    ✗ GBP market lacks liquidity

Payment Methods Accepted

Payment MethodFunds AvailableCurrenciesFees
Credit Card1-2 daysUSD3.5% + $0.25
Credit Card1-2 daysEUR3.5% + € 0.20
Credit Card1-2 daysRUB5.25% + 15.57 RUB
Bank TransferVariesUSD$10.00
Bank TransferVariesEUR€10.00
Bank TransferVariesRUBN/A

CEX.IO also offers users the ability to sell bitcoins to credit or debit cards. The fees for this are as follows:

  • 2.9% + $4.99 for USD
  • 2.9% + €4.99 for EUR
  • 2.9% + 499 RUB for RUB
  • Bank transfers are not charged fees by CEX.io, but your bank may charge conversion fees on your deposit.

Supported Countries

CEX.IO supports all countries, unless noted below.

The following countries are restricted for credit card purchases: Iceland, Vietnam, Afghanistan, Algeria, Bahrain, Iraq, Kuwait, Lebanon, Libya, Nigeria, Oman, Pakistan, Palestine, Qatar, Saudi Arabia, and Yemen.

The following countries are restricted from buying with bank transfer: 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.

US States NOT Supported

CEX.io does NOT support the following US states:

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.

CEX.io Compared

Credit card is the most popular payment method on CEX.io. This table compares CEX to other popular credit card exchanges.

 ExchangeFeesCountriesBuy
Coinbase1.5%USA, Europe, Canada Buy
Coinmama~6%Global Buy
Luno3%Europe Buy
Bitpanda5%Europe Buy
CEX.io3.5%Global Buy

Please note that fees are approximate and may vary based on your country or purchase size.

Limits & Liquidity

CEX.IO offers four different account levels based on verification provided. Each account type has different buying limits.

Basic: Basic accounts can buy up to $400 worth of bitcoins per day, and up to $2,000 per month. Basic accounts are not able to purchase via bank transfer.

Verified: Verified accounts can purchase up to $10,000 worth of bitcoins per day, or up to $100,000 per month via both credit card and bank transfer.

Individual Business & Corporate: Individual Business and Corporate accounts can purchase an unlimited amount of bitcoins.

Privacy

CEX.IO requires very little information for its first tier of verification. In order to increase limits, however, a number of personal details and document scans are required.

To increase your daily limits to CEX.IO’s “Verified” level, scans of a passport, driver’s license, or ID are required. In addition, a picture of you holding your ID, a picture holding your credit card, and a document for proof of residency are required.

Speed

After initial verification, CEX.IO processes most credit card purchases instantly. Upgrading your account to CEX.IO’s “Verified” account type can be a long process, but subsequent purchases are quick.

Reputation

CEX.IO is a registered company and/or money transmitter in all districts in which it operates. In the USA, it is registered with FinCEN, and registered with ICO in the UK and EU.

Fees

Fees for buying with a credit card are 3.9% + $0.25 per purchase. Purchases made via bank transfer are free.

Customer Support

CEX.IO offers customer support via email at support@CEX.IO.

Review by: Jordan Tuwiner

Rating: 4

CEX.IO Alternatives

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Coinmama

Coinmama is a bitcoin broker based in Israel. They specialize in selling bitcoins for credit card to nearly anyone in the world.