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CEX.io Review
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Charge Card to Cryptocurrency with CEX.io Review

To buy cryptocurrency with credit cards one exchange can help, CEXIO.io. CEX.IO is a cryptocurrency exchange and former Bitcoin cloud mining provider. As an online digital currency exchanger, CEX.IO offers trading cryptocurrency for fiat money, such as USD, EUR, GBP, and RUB.

CEX.IO History

cexioCEX.IO was established in London, back in 2013. CEX.io first started as a cloud mining provider that possessed Ghash.io pool. Cloud Mining is the concept of forming groups (pools), where their joint efforts are rewarded with greater income, compared to individual mining with personal hardware. In the case of cloud mining, all Bitcoin mining is done in the cloud, and once a block is mined, users receive payouts according to their shares via PPLNS.

Interestingly, in 2014, Ghash.io (mining pool of CEX.IO) contributed to over 42% of the overall Bitcoin mining power.

However, in January 2015, CEX.IO announced that as it did not have any mining hardware and all hardware tradeable is provided by hardware partners. Therefore, it had come to the decision to suspend all of cloud mining services due to low Bitcoin price, Ghash.io pool was closed, and CEX.IO continued operating as a cryptocurrency exchange.

In October 2017, CEX.IO launched the trading of Digital Cash (DASH) and Zcash (ZEC).

CEX.io Now

CEX.IO allows for the buying of bitcoins for low fees via credit card. Customers can also purchase for free with bank transfers. On the pro side, it enables buying bitcoins with a credit card for low fees. CEX.IO also offers users the ability to sell bitcoins to credit or debit cards. On the con side, it requires extensive verification process to increase buying limits.

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.

Currently, 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.

Limits

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.

Fees

Currently, fees for buying with a credit card are 3.9% + $0.25 per purchase. Please check their website for current, up to the minute details. Purchases made via bank transfer are free.

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CEX.IO is a cryptocurrency exchange

 

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