Cex io fees for passport
IO is known for allowing customers worldwide to buy Bitcoin using credit card , wire transfer or a SEPA transfer if you live in the EU at a very low fee. The way transactions work on Cex. FOK orders are fulfilled immediately at the price you buy. Such exchanges can be manipulated by whales and chances of getting liquidated are higher.
However, for this facility, CEX. IO charges customers a premium so that they will always be able to fulfil their orders. Virgin Islands, Vermont, Virginia, Washington.
If you are in one of the states above, we suggest Coinbase. IO also offers users the ability to sell bitcoins to credit or debit cards. The fees for this are as follows:. Bank transfers are not charged fees by CEX. While purchases made via bank transfers are free, buying with credit card will cost you fees of 3. IO offers four different account levels based on verification provided.
Each account type has different buying limits:. Basic accounts are not able to purchase via bank transfer. In terms of security, you have only two-factor authentication 2FA to count on while keeping your fund and coin balances safe. Although the function itself is great, other features such as transaction codes and passwords are needed to effectively defend your account against cybercrime. Yes, you do have an option of setting additional mail, phone number and even social media profile as several factors of authentication, we do believe that other features need to be introduced in the near future.
The verification process at CEX. This would start the process where you need to upload scanned ID or passport and provide personal details like name, last name, address and such. Once you have finished with the process, customer support usually takes up between few hours to a day to verify the details and scan, earning you verified status.
It is also a very simple process, where you provide your bank card details and in next step allow CEX. Now that you have all the information regarding the verification and legal policies, you can pursue the bitcoin trade through several available features and functions: On the plus side, there is a price freezing utility, locking the value of BTC for seconds, providing you enough time to get the right price for the bitcoins you wish to get.
Then, you simply wait until the position has been reached and executed. This function, although useful, lacks a bit more complex approach, since you cannot pair your orders nor can you hide some of the information once it gets posted. Margin trading platform functions as an order-and-stop feature, where you post the order while specifying what you wish to get and how much loss you are willing to take. The leverage options are 1: If you take a closer look at the trading pages, you will notice that numbers change all the time.
It means that trade is recorded in real time, with accurate information on what traders are doing at the moment. Another important feature is the downloadable reports, where you can take the info outside of CEX. IO REST API allows access to market data and manages transactions using custom-written software language that helps you automatically create and cancel orders under circumstance you specify;.
The WebSocket API is concerned with real-time notifications that you would get on platform and n your email, helping you to keep track the trends in the market. This is a corporate communication channel API, where different large players like banks, financial institutions, and other businesses can communicate directly on the platform between each other. API feature can be considered as an extension to the missing functions in the margin trading and exchange functions, as they can provide you with vital information about the market while keeping your funds safe even when you sleep.
This is quite important, as you will keep the funds when the position grows to be unfavorable, making the API functions quite invaluable. We have only positive remarks for this feature of CEX.
Overall, we would conclude that trading interface is definitely easy to use, with several options available for different types of clients. The margin trading is also simple to use, with order section holding only the most important buttons for you to use. The trading history is easy to understand, thus we deem the platform a light weighted platform, as the crucial information is easy to grasp and learn. With everything combined, CEX.