Bitcoin & Cryptocurrency Exchange - Buy & Sell Crypto - CEX.IO (2024)

FAQs

Is CEX.IO real or fake? ›

Regulated and licensed: CEX.IO is regulated and licensed to operate in all jurisdictions where it offers its services, giving investors peace of mind that they're using a compliant platform.

However, CEX. IO's features are limited for users in the United States. It offers only 30 cryptocurrencies for U.S. clients versus the hundreds on other platforms. U.S. users also cannot access staking or margin trading.

CEX.IO charges different withdrawal fees based on the withdrawal method chosen. Visa and MasterCard withdrawals are charged between 1,2% and 3% + $1,20 to $3,80, and bank wire transfers 0,3% + $25, Skrill 1% + $3, PayPal 1% +$5, and other payment methods variable fees between 1% and $10.

Yes, CEX.IO gains and income are considered taxable transactions by the IRS. CEX.IO capital gains tax ranges from 10% to 37% for short-term capital gains, and up to 20% for long-term capital gains, depending on the total taxable income. Read our complete 2024 guide Crypto Tax USA for more information.

Please allow up to one hour for the network to pick up your operation. It can take longer in case of unexpected network issues. - If your card withdrawal is still pending after a few hours, please contact our Support team. - Withdrawal requests are processed within 24 hours on business days.

1 USD equals 0.000017 BTC. The current value of 1 United States Dollar is +0.60% against the exchange rate to BTC in the last 24 hours. ​ The current Bitcoin market cap is $1.14T. ​Create a free Kraken account to instantly convert USD to BTC today.

Please note that U.S. regulations require that we collect a Social Security Number (SSN) from all U.S. residents.

How do I withdraw money from Bitcoin to my bank account? ›

Q: What's the process for transferring Bitcoin to a bank account? A: To transfer Bitcoin to a bank account, sell your Bitcoin on a crypto exchange for fiat currency. Link your bank account to the exchange, complete identity verification, and then withdraw the fiat cash to your bank account.

Coinbase has an easy-to-use “buy/sell” button and you can choose which cryptocurrency you want to sell and the amount. You'll quickly exchange cryptocurrency into cash, which you can access from your cash balance in Coinbase. From there, you can transfer the money to your bank account if you wish.

CEX.IO App features multiple methods for fiat withdrawals, including payment cards, bank transfers, and alternative methods like Skrill. However, keep in mind that the availability of supported payment methods depends on your verification level and jurisdiction.

CeX on X: "@SocialJusticar We have closed down all CeX stores in America." / X.

Security rules

Cryptocurrency withdrawals are restricted for the first 48 hours, after registering a new CEX.IO account. Withdrawals are only available after enabling two-factor authentication (2FA) on your account. If you change or restore your 2FA method, withdrawals will be restricted for the next 48 hours.

Cryptocurrency withdrawals are restricted for the first 48 hours after creating a CEX.IO account. Withdrawal functionality is only available after successfully enabling two-factor authentication (2FA) on your account.

Disadvantages of CEXs

Exchange Failure Risk – Since CEX holds custody of their customer's assets, the event of failure/hack/bankruptcy of the exchange may result in users losing their cryptocurrencies.

Identity Verification Steps

During the verification process, you'll need to provide information about your identity, such as name, date of birth, and country of residence. To help speed things along, have your identity document ready. We accept the following documents: An international passport.

CEX.IO is a regulated crypto exchange that supports both cryptocurrencies and fiat currency to buy and trade crypto and allows you to buy bitcoin with a credit card instantly, as well as other cryptocurrencies. Before using the platform, the first thing you should figure out is whether it supports your country or not.