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Sujit Kumar
Apr 24, 2020
by Sujit Kumar

A Beginner's Guide To CEX.Io, Its Mobile App And Benefits

guide to cex.io

Table of contents

  1. CEX.io Pros and Cons
  2. How to Buy Cryptocurrency on CEX.IO
  3. Guide To CEX.IO Mobile App
  4. Conclusion:
CEX.IO is one of the first and top crypto exchanges. It was founded in 2013 and since then it is providing decent trading services to cryptocurrency users. The firm also started cloud mining service at that time but shut it down soon after the price drop of Bitcoin. The London based exchange has over 2 million users and continuously rank among the top 10 cryptocurrency exchanges. You can almost trade in all the top cryptocurrency on CEX.io platform that includes BTC, ETH, BCH, DASH, XRP etc. The platform also allows you to buy cryptocurrencies using fiat currency and supports various payments methods like banks transfers and credit cards. In our Beginners guide to CEX.io, we are going help you out with the procedure to trade on the exchange.

If you are worried about whether the crypto exchange is secure or not then the answer is yes it is as much as other exchanges. But you should also keep in mind that there are always risks of security breaches and bankruptcy in exchanges and no crypto exchange is fully safe. It doesn’t certainly mean you won’t trade in cryptocurrencies after all crypto trading is all about taking risks and exploring your chances.

As long as security matters, the exchange is registered as Money Services Business in the US and there are no instances of hacking in the past.

CEX.io Pros and Cons

Let’s have a look at drawbacks of CEX.IO and it’s benefits.

PROS:

 

  • Easy to use and simple interface.

  • Good for beginners as well as advanced traders.

  • Mobile application available.

  • Support fiat deposit.

  • Supports Debit/credit cards and bank transfer payments.

    • CONS:

     

    • High fee in comparison to other exchanges.

    • Advanced trading tools not supported.

    • Confusing Customer support.

      • Before trading on CEX exchange, we suggest you check out whether all its services are supported for your area or not. CEX.io also allows you to participate in staking. You can deposit your existing staking coins or buy new coins from the platform and earn rewards. Your staking rewards are calculated every hour and credited to your account at the end of the staking period.

      How to Buy Cryptocurrency on CEX.IO

       

      How to buy cryptocurrency on cexio

       

      Trading cryptocurrencies on CEX.io is relatively easy and does not need much hard work. However, if you still need help, we’ve provided a guide to CEX.io exchange and how to buy cryptocurrency on CEX.IO so that you can use it without any consfusion.

      1. Of course, the first step would be to sign up on the platform. To do so, go to CEX.io platform and click on the register. All you need to do is enter your email address and set a password for your account. If you want you can also register on CEX exchange with your Facebook, GitHub or Google account.

      2. The next step is to verify the email address that you’ve provided. Open your inbox and look for the email from CEX exchange and click on the link in it to verify your account.

      3. Now that you are registered on the exchange, the next step is to enable 2FA. If you are an existing customer and have not enabled 2FA security yet, then do it now.

        4. Enabling 2FA will give you access to basic account of the platform. You can trade on the platform although, there are limitations on withdrawal and deposits. If you are cool with it then continue with the next step otherwise go through ID verification to get access to all features without any limitations.

      4. You will need to provide your personal details like Full name, Birthdate, Address, Tax ID, Government ID and a selfie. It could take between 15 minutes to a few hours to get your ID-verified.

      5. After your account gets verified, you are ready to initiate a deposit in your CEX account. You can deposit funds into your account from any of the given payment options i.e. credit card, bank transfer or CryptoCapital. Although, keep this in mind that bank transfers take up to 3 days to process and credit card deposits are relatively faster. But you will be charged more for credit card payment.

        6. After you fund your account, you can buy any cryptocurrency from the platform and make profits. Don’t forget to withdraw your funds once you earn profits. Transfer your cryptocurrencies to a secure private wallet and keep making money with crypto trading.  If you want to know how to use CEX.io app, continue reading our beginners guide to CEX.io.

        Guide To CEX.IO Mobile App

         

        Guide to cexio mobile app

         

        The mobile application of CEX.io gives you access to all trading features on your mobile devices. You can simply buy and sell cryptocurrencies from your android and iOS devices. Follow the below steps to learn how to use trade on CEX exchange from your mobile.

        • Download the application from the Play Store or App Store.

        • After that, you need to create an access key from the desktop version of exchange.

        • Scan the QR code from CEX.io website.

        • Note that the QR code is only valid up to 10 minutes.

        • You will need to set up a key for your mobile phone which you can deactivate anytime in case you lose access to your mobile.

          • Conclusion:

          The question whether CEX.io will be good for trading cryptocurrencies or not depends on you. It certainly provides decent services like fiat to crypto trading and supports many cryptocurrencies and payment options. However, there are other exchanges too that are above in rank from CEX. if fiat to crypto trading is not your focus then you should go for exchanges like Binance. If you think CEX.io have everything you need then don’t hesitate and start trading on it.

          We hope you’ve learned how to register your account on CEX.io exchange after reading this guide to CEX.io and ready to trade in cryptocurrencies. If there’s something else you need help with like which cryptocurrency you should invest in or what cryptocurrency wallet is best for storing Bitcoin, you can read our guides about the same. Keep researching until you grasp every piece of knowledge regarding cryptocurrency and as soon as you realize you are ready to trade, register yourself for trading on the crypto exchange.

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            A Beginner's Guide To CEX.Io, Its Mobile App And Benefits
            Sujit Kumar
            Sujit received his Bachelors in Science from the LNMU Darbhanga. He is currently working as a Content Strategist. He has more than three years of professional experience in information systems, security policies, technologies, and Cryptocurrency. He has published 6 books in the area of information security and assurance. He has published more than 50 research articles in leading journals Regarding the Latest and Breaking Crypto News and updates. His research interests include access control, computer forensics, Digital Marketing, Web development, business hacks, player experience, and virtual storytelling.

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