cex io verification

On October 4, I deposited $500 USD to my account from a debit card and it cleared immediately. The customer verification was performed using my state-issued driver’s license. At no time did they indicate to me that my funds might be held by them indefinitely if I was unable to provide them with an additional form of ID. To withdraw money from CEX.io cex.io review at any time, just click ‘Withdraw’ in the top-right corner of the screen. Withdrawals are available via credit card, bank transfer, and crypto. CEX.io offers a surprising range of payment options, including Visa, MasterCard, bank transfer , and crypto. Traders can also trade with up to 10x leverage with no need to create an extra account.

cex io verification

To do so, tap the edit symbol next to the chosen document. You can upload up to 10 files if your document has more than one page.

British Crypto Exchange Cex Io Now Requires Identity Info From Users

You can take a photo of the document by scanning a QR code on your phone. CEX.io is a London-based cryptocurrency exchange founded in 2013. The opinions expressed on this Site do not constitute investment advice and independent financial advice should be sought where appropriate. All our articles are fact-checked by a relevant professional with expertise in that area of finance and we regularly update guides as necessary. This new service caters specifically to margin traders and features advanced trading tools, and a comprehensive range of technical analysis instruments. More experienced users can take advantage of CEX.io’s trading platform which incorporates all of the usual features.

cex io verification

Read on for our complete review of the exchange, we have compiled everything you need to know if you are thinking of using them. Authenticator can be supported on multiple devices including tablets like the iPad. You can have all your Authenticators on two or more devices. You can also control your multiple devices with device management. The ability to do a remote wipe is very handy especially if you have it on more than two devices.

Cex Io Review: Account Verification

ICORating does not provide investment, financial, or legal advice. Benson is a crypto enthusiast and content creator with extensive experience covering topics on Bitcoin, blockchain technology, and financial news. If he’s not writing, Benson takes time to read, travel and enjoy life’s goodness. CEX.IO offers several cryptocurrencies, including Bitcoin, Ethereum, Bitcoin Cash, Dash, and Chainlink. The exchange has also played a key role in advancing the interests of the crypto trading sector as well as ensuring regulatory compliance. The company is a founding member of CryptoUK, launched in 2018 and which includes such big names as Coinbase, eToro, and CoinShares. Cex.io also deducted another 0,02 % in transaction fees, but I was made aware of this fee beforehand and in their marketing materials.

Alternatively, you can upload the photo files from your computer . CEX.io is a trusted, well-regulated, and respected company. The institution abides by applicable laws in every jurisdiction in which it operates. It’s available in 99% of countries worldwide and 31 US states. Additionally, CEX.io has status as a Money Services Business through America’s FinCEN financial regulator, and CEX.io is an official, registered corporation in the UK.

Lets Purchase Some Coins

Now take a photo of the document and check its readability. After you’ve chosen a type of document, you’ll see an attachment field on the right. Tap it and you’ll get an opportunity to take a photo, upload a photo from your library, or upload a file from a file storage app. You can provide files in PDF, PNG, JPG, and GIF formats that don’t exceed 30MB in size. At this step, you should be ready to scan your proof of funds document.

How secure is Cex io?

CEX.io also provides users with protection under a level two DSS certificate. This means it has proved itself as having a certain level of security to store, process, and transmit payment card data. That said, CEX.io should not be considered as completely secure. It is a cryptocurrency exchange, after all.

If you’re trading more than 6,000 BTC per month, then you’ll pay a taker fee of 0.10% and a maker fee of 0.00%. While the verification process may be a turnoff for some, for anyone looking for an easy way to purchase cryptos using traditional banking methods then CEX.io is a viable option. Experience traders are also well served as the trading platform offers the full range of standard features and order types as well as technical analysis tools. User accounts must have 2FA enabled to make a withdrawal, and the mobile app allows for a Withdrawal Pin Code to be set up to confirm mobile withdrawals. Credit card deposits are limited to 3000 USD/EUR daily and 30,000 USD/EUR monthly, while withdrawals are subject to 200,000 USD/EUR/GBP daily and 500,000 USD/EUR/GBP monthly limits.

Choose The Type Of Your Document

On CEX.IO, you are allowed to buy cryptocurrencies with your credit, a SEPA trader, or a wire transfer. When you decide to trade, you will be provided with two ways of purchasing crypto.

PrimeXBT partners with CEX.IO Direct to offer credit card deposits – Nairametrics – Nairametrics

PrimeXBT partners with CEX.IO Direct to offer credit card deposits – Nairametrics.

Posted: Thu, 23 Jul 2020 07:00:00 GMT [source]

I’ll then go through the precise advantages of having a verified user account. Bitstamp is a respected Bitcoin exchange that supplies both a trading platform and a brokerage service for buying Bitcoins.

How To Transfer Your Crypto Funds From

Therefore, it is necessary to enter them each time you want to make a payment. In order to prove that you are a real card holder, enter the charged amount from the previous step.

  • All my transactions was small amounts that in total about $1000 a month.
  • We hope to provide clear, unbiased facts so people can make up their own mind about important financial decisions.
  • The feature is optional, but we strongly recommend you to turn it on, because it is one of the most important security enhancement that will save your account from theft.
  • Please rest assured that we do really care about each our user.
  • You’ll pay 2.99% for most Visa and MasterCard deposits, for example, although bank deposits are free.

After this process, you are welcome to operate your account. When you open an account on CEX.IO, you are sure of the safety of your funds. Several features have been put into place to ensure your safety. Here’s a short comparison of CEX.io’s brokerage service compared to other popular services around.

Should You Invest In Bitcoin? Complete Beginners Guide

I imagine myself holding the sought after digital currency in my digital wallet and being all like Money 2.0 in no time. Immediately after registering, I landed on a page where I could enter how much money I’d like to spend on Bitcoin or how many Bitcoins that I wanted to purchase. They accept Visa and MasterCard as long as they’re issued by a 3-D Secure financial institution, or international wire transfer. The latter is so ridiculously expensive and unpredictable that I didn’t even consider it as an option. Please let us know whether your request was solved and if you still need assistance on this matter. And kindly provide your user ID, so we can check the status of your inquiry and speed up the process for you. AML/KYC procedure has been completed for your account and all the services were enabled.

Is CEX.IO supported in Iran?

Countries excluded from using CEX.IO include Afghanistan, Bosnia and Herzegovina, Burundi, Democratic Republic of the Congo, Central African Republic, Côte d’Ivoire, Cuba, Eritrea, Ethiopia, Guinea, Guinea-Bissau, Haiti, Iran, Iraq, Kenya, North Korea, Laos, Lebanon, Liberia, Libya, Nigeria, São Tomé and Príncipe, …

The CEX.io support document does state that other proof of residency documents will be accepted too. However, it does exclude electronic bills and statements, online screenshots, mobile phone bills, and credit card statements. CEX.io also provides users with protection under a level two DSS certificate. This means it has proved itself as having a certain level of security to store, process, and transmit payment card data.

Mobile In

Check the box next to the source of your crypto funds, if you own any, or tap Next to skip. State the source of your fiat funds and indicate your monthly income. Provide your street address, apartment/suite number , country, state/province, county , city, and zip code. Make sure that all edges of the document fit in the frame on the screen and that details are visible, the system will automatically read it.

CEX.IO Accepts Virtual Cards – Bitcoin & Crypto Trading Blog – CEX.IO – CEX.IO Official Blog

CEX.IO Accepts Virtual Cards – Bitcoin & Crypto Trading Blog – CEX.IO.

Posted: Mon, 14 Mar 2016 07:00:00 GMT [source]

Visa/MasterCard withdrawals cost 3%+$1.20 and 1.8%+$1.20 in fees respectively. Commissions for these payment methods go up to a maximum of $3.80. Every user is encouraged to secure their accounts by enabling 2FA while the use of the Withdrawal Pin Code allows users to authenticate any mobile-based withdrawals. For the experts looking for advanced trading options, CEX.IO offers a range of products, including margin trading, platform CEX.IO Broker, automatic borrowing using the CEX.IO Loan, and more.

Cex.io is a registered company or money transmitter in all districts in which it operates. In the US, it is registered with FinCEN, and registered with ICO in the UK and EU. For more information, see the developer’s privacy policy. This includes gender, first name, middle name last name, date of birth, place of birth, contact number, and a link to social media . Even the advanced trading windows are clean and clutter-free.

  • One thing we strongly recommend is that when you open your email, it should be on the same browser page as your CEX.IO account for easy access.
  • You can provide more than one proof of funds document; however, documents must be uploaded one by one.
  • For new traders or investors, it can be a bit scary to buy digital currency for the first time.
  • You might have to wait weeks before you get a response.
  • If you need any assistance with verification, contact our Support team via We’re available 24/7.
  • On the CEX.IO page that loads in your mobile browser, click Add photo, take pictures with your phone camera, and check whether all details are clear.

Enjoy high-frequency trading, and scalping to reap profits from price movements. It must be stated, however, that this form of trading comes with greater risk, and you should learn all you can before committing to any investment. If you are looking to further your learning and understanding of Bitcoin and crypto, there are several online courses for that. Although the platform does not offer such a course, the company’s blog does have curated and updated information on how to buy crypto, trading and so much more.

  • CEX.io is registered with FINCEN and it applies standard KYC and AML (anti-money laundering) policies.
  • It’s in limbo and they won’t transfer the ~0.057 BTC to me because they want a second form of identification, which I don’t have.
  • ICORating does not provide investment, financial, or legal advice.
  • For driver’s licenses and ID cards, you’ll need to send a photo of both sides of the document .
  • Besides the opportunity to buy bitcoin or exchange other cryptocurrencies, CEX-IO offers other things.
  • They are then supposed to send me an email for me to confirm this (which is unnecessary, no one else does this!), but I never received that.

So, in most cases, it is advisable to withdrawal your bitcoin to another wallet you have in control. Once you have completed verifying your account, you can go through all your transactions with ease. You can make crypto payments, buy crypto instantly, and make card deposits and withdrawals. Finally, another important disadvantage is that it has very high fees. When you exchange cryptocurrency or buy bitcoin by paying with a credit card or a debit card, you might need to make fee payments of up to 10% for each transaction.

Likewise, they also have cons that you must review if you want to pick the best one to buy bitcoin or exchange other cryptocurrencies. Using CEX-IO is very expensive in terms of fees, especially if you want to buy bitcoin. When you use a credit or a debit card, you have to undoubtedly pay specific fees that correspond to the transaction and the platform’s trading payments. CEX.IO’s unique selling point is its well-established regulatory path, with the team’s commitment to offering users the best of cryptocurrencies earning the platform plaudit.

I felt uneasy about every part of the identity verification process, and I don’t feel any better about it now. The process made me feel like I wasn’t dealing with a legit or serious company that would keep my personal data safe. He told me that I was wrong in thinking they wanted an additional form of ID to withdraw my BTC to my own private wallet. He said that they have had many fraudulent transactions and they needed to talk to me to verify that the wallet address I gave them on October 3 was my own wallet address.

Author: William Edwards