CEX.IO allows for the buying of bitcoins for low fees via credit card. Customers can also purchase for free with bank transfers.
PROS
- Enables buying bitcoins with credit card for low fees
CONS
- Extensive verification process to increase buying limits
Payment Methods Accepted
| Payment Method | Funds Available | Currencies | Fees |
|---|---|---|---|
| Credit Card | 1-2 days | USD | 3.5% + $0.25 |
| Credit Card | 1-2 days | EUR | 3.5% + € 0.20 |
| Credit Card | 1-2 days | RUB | 5.25% + 15.57 RUB |
| Bank Transfer | Varies | USD | $10.00 |
| Bank Transfer | Varies | EUR | €10.00 |
| Bank Transfer | Varies | RUB | N/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.
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
