CEX.IO Review for Beginners

CEX.IO Review for Beginners

What is CEX.IO?

CEX.IO is a simple exchange platform that allows users to exchange cryptocurrency for USD and for other crypto currency. Currently, CEX.IO also has margin trading, a feature that was recently launched. It has trading on Bitcoin as well as Ethereum pairs.

The platform is very well designed and modern, it’s easy to use most of all. On the front page, CEX.IO has “Bitcoin Exchange You Can Trust” and I think that it sums up CEX.IO perfectly. The FOK orders feature that CEX.IO increases the capabilities of the website since people are able to make instantaneous purchases. The platform also makes sure that during a transaction, if the market worsens or rises, you do not lose your money. I think that’s what makes CEX.IO stand out, the attention to consumer satisfaction is unparalleled in the industry.

 

Features and Coins Available

CEX.IO is an exchange platform built on the concept of FOK orders.

Fill-or-Kill orders are useful in the cryptocurrency market because the price varies by the minute. Therefore, in order to make sure you aren’t buying bitcoins at a much higher price than expected, CEX.IO has an FOK system. When you complete the form to buy bitcoins at a specific price, it freezes that for 120 seconds whilst it looks for a seller who also wanted to sell at that price. When that match happens, it’s only a matter of time before the payment is complete.

The customer support on the website is well-built as you can chat with a professional as soon as you press ‘help’ on the front page. Therefore if you have any questions or issues, you can solve them almost immediately with the help of trained professionals.

In the unlikely event that you actually are hacked, the platform freezes your account and resets all passwords for you. The platform’s team then investigates the situation further. The team is pretty helpful in a case like this, so you can rest assured!

The security is quite modern since they recommend you to use a third-party card manager in order to make sure that you can pay quickly whilst remaining completely protected.  

Wire and SEPA transfers, both available on the platform, are better for maintaining the security of your bank details.

Bitcoin

Bitcoin is one of the industry leaders; and by far, it’s now worth $2469 compared to the industry second which averages at $350. Bitcoin was the original catalyst for the digital currency market, the currency grew slowly initially as the darknet developed.

Since the decentralised technology in bitcoins has a near-perfect ability to keep transactions verified and safe, there was no need for a central governing authority. The idea behind Bitcoin is that it’s a currency for the people made by the people.

Ethereum

Ethereum is the result of an innovative addition to the technology of Bitcoin, which was created by Vitalik Buterin. The Ethereum blockchain features a system of smart contracts and tokens. Smart contracts are a great way to keep promises and payments in check, which prevents fraud. Another great feature that Ethereum has is tokens. You can issue tokens that represent a unit of value or an asset or share or you can build a central bank which can issue money. Ethereum has the potential to be the catalyst of a revolution in the banking and healthcare.

CEX.IO: The Reliable Bitcoin and Ethereum Exchange.

As you saw, CEX.IO is definitely one of the best exchanges on the market today; which now also offers margin trading. If you want to read more in depth about CEX.IO, you can read WikiCrypto’s full thorough review of CEX.IO here.

If you want to buy Bitcoin and Ethereum, you can visit CEX.IO.

 

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About Article Author

Michael Serrano
Michael Serrano

Michael is an engineer and a bitcoin evangelist. He has been involved in cryptocurrencies since 2013. His biggest wish? 1 billion users of bitcoin, ether and litecoin by 2020. In the last 10 years he has worked for various early-stage start-up as a back-end developer.

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