How Many Crypto Coins Are There – Bitcoin Exchange Review – 2018

Have you ever before considered on just how protected Cex is for purchasing and also offering cryptocurrency? Throughout this Cex testimonial I will certainly check out everything that you have to recognize. From being the leading bitcoin mining swimming pool, to coming to be the most beginner-friendly cryptocurrency exchange– Cex has fairly the present for constantly adjusting its core service methods to much better match the marketplace. Numerous readers have asked me simply exactly how did such a small-time system draw in a lot of waves of brand-new customers, and pertain to rival some of the largest players in the market. launched in early 2013 in the UK as a holding entity for, one of the biggest bitcoin mining pools. Ghash grew to manage concerning 42% of bitcoin hashing power. The firm wased established by Ukranians– Oleksandr Lutskevych and also Oleksandr Ushchapovskiy.

The exchange function was included in assist customers sell and also buy shares of the mining swimming pool using bitcoin. With its cloud mining services, the exchange made it simpler as well as extra practical for customers to go into as well as leave mining operations. There was no have to buy mining equipment when joining, or to throw away it when leaving.

By September 2014, Cex’s user-base had actually gotten to over 200,000. The exchange started approving deposits in US bucks, euros as well as Russian rubles through cord transfers, bank card and SEPA from users worldwide that intended to purchase bitcoins or GHash mining shares. How Many Crypto Coins Are There

After the August 1st Bitcoin tough fork that saw the creation of Bitcoin Cash (BCH), the exchange introduced they had actually enabled marketing as well as buying of the new cryptocurrency on their system.

Before continuing to the core of my Cex inspection I wish to remind viewers that the firm ceased all cloud mining operations in January 2016. Apparently this was to far better concentrate on their services as a cryptocurrency exchange and trading platform.


– Cex has one of the most effective series of readily available functions while assuring a superior beginner-friendly experience. The site is remarkably very easy to make use of– yet provides a numerous services, trading sets, safety and security attributes, and deposit techniques.
– Sustains deposits made with debt cards from a majority of nations. When contrasted to Coinbase, Cex accepts bank card from considerably even more countries.
– Provides margin trading on BTC/USD, BTC/EUR, ETH/BTC and also ETH/USD couple with great loss-protection tools. Cex competitors such as Bitstamp or Coinbase have no margin trading.
– Carries out orders with fill-or-kill (FOK), making transactions much faster as well as easier for novices. Also innovative trading systems like Kraken do not yet provide FOK orders to their customers.
– Consists of a mobile application. The android app has actually obtained 100 thousand downloads from GooglePlay.
– Offers an API for 3rd party developers to build tailored devices. A lot of the leading crypto exchanges are currently seeing the added profits advantages of opening as well as API to Third celebration designers.
– Simple sign-up via social media accounts: users could sign up using their Facebook, GoogleID, VK, and Github logins.
– New trending altcoins are actively being added for trading. Most just recently we have actually seen the enhancement of Zcash and Dash, two increasingly prominent privacy-focused cryptocurrencies.
– Making use of the affiliate buy/sell page you can easily obtain recent conversion rates. For example you’ll swiftly have the ability to see what does it cost? bitcoin you obtain for 100, 200, 500, or 1000 usd. I like the openness provided by CEX– particularly as compared to various other exchanges where you just see the prices after you have joined.
– No understood safety violations of client funds to day. Cex has prospered while various other large exchanges like Coinbase, Poloniex, Bitstamp, and Bitfinex have all experienced reasonably severe thefts (though for the most parts customers were reimbursed). How Many Crypto Coins Are There


– Delays in card confirmation often last weeks. Apparently this was due to an increase of brand-new customers. We are indeed seeing reports of the delays getting rid of up gradually.
– Unresponsive customer support. Like above, though the operators launched a declaration assuring the community that extra assistance staff were being recruited & educated.
– Currently supports just seven cryptocurrencies, a small number in comparison to various other leading exchanges like Bitfinex or Bittrex. However this is a little greater than Coinbase and approximately the like Bitstamp.
– Some countries are not supported with credit score card and also wire transfer repayments. ——— Alternatives such as Coinmama assistance extra countries for Visa/Mastercard deposits. The Localbitcoins p2p exchnage will work in every nation.
– Buggy mobile application supplies just a couple of of the solutions obtainable with the web site. Justifiably the app only received a 3 out of 5 ranking on the Play store.
– While the site does its extremely best to accommodate newbie bitcoiners. I feel that strange individuals are taken benefit of with slightly higher charges. Such is also the instance on Coinbase as well as Coinmama. Websites like Kraken or Gdax are no place near as simple to make use of, yet offer the most affordable fees to every person.

User Experience

The customer experience takes a core component of my Cex analysis. This seeks all the major take-home viewpoint that individuals obtain during as well as after their usage. The company offers its users via a website, a mobile application and an API.


The website has a superior style when compared with other exchanges such as Coinmama or Bitfinex. Beginners are simple able to navigate from the sign-in web page to the trading panel. A superb protection campaign was taken by the drivers to instantly make it possible for TEXT & e-mail two-factor authentication (2FA). Such 2FA is in fact quite simple, yet maintains accounts secure for signing in and taking out. How Many Crypto Coins Are There

Keep in mind that bitcoin protection expert Andreas Antonopoulos stays doubtful about the level of safety and security given by SMS 2FA.

The most effective types of 2FA are done utilizing devices that just you control. A great choice to SMS 2FA is Google’s Authenticator application– which users on Cex are currently able to setup.

One function that makes Cex stick out from various other exchanges is that it utilizes the fill-or-kill (FOK) version to execute orders. This implies that when you position an order, it is satisfied quickly in its totality. If the fulfilment can not be attained promptly, after that it is terminated.

Buying BTC with a charge card on

According the internet site analysis website, the greatest web traffic to (14.3%) originates from the United States. Other nations that bring a high variety of site visitors consist of Russia (5.4%), Turkey (5.3%), United Kingdom (4.5%) and France (3.2%). also shows that about 30% of traffic comes via mobile phones.

Mobile application

The Cex mobile application is offered for both Android and also iOS. Through the app, you can transfer bitcoin, ether, as well as litecoin utilizing a QR code. You could additionally position restriction market orders within the application.

Users could see balances, active orders and also changes in cost. You can additionally initiate, take care of and cancel orders in addition to use real-time data from throughout various exchanges to evaluate cryptocurrency markets.

Considering that the launch of the application in December 2015, feedback from users has been both positive as well as adverse. Some customers have actually welcomed the app as a handy device for communicating with the marketplace while on the move. I believe that such declarations are undoubtedly true, but a lot more work might be made to expand the attributes of the application.

Others have actually revealed frustration over bad customer experience. Usual grievances consists of the application stopping working to implement orders, not presenting thorough graphs and also making it difficult to login in.

It additionally just provides a portion of the solutions obtainable with the web site. As an example, you cannot do margin trading via the application. How Many Crypto Coins Are There


In addition to the mobile application, the team have actually made an application shows interface (API) offered for developers to create personalized applications for trading as well as managing funds. The API can be found in three kinds: Rest for accessing market information, WebSocket for specialist traders as well as Repair for institutional traders.

The trading API is limited to 600 demands each 10 min period. To enhance this capability designers will certainly require to get in touch with consumer support.

Market positioning

Inning accordance with, regulates 0.78% of the worldwide exchange market. It is placed 15th in the list of crypto exchanges in regards to trade volume. ranks reduced in regards to web traffic compared to most significant exchanges such as Coinbase, Kraken, Bitstamp and also Poloniex. It outranks nearly all of them in the quantity of traffic from Russia, nevertheless. Aside from Yobit as well as Livecoin, few various other significant global crypto exchanges have Russia even in the leading five nations in regards to website traffic to their platforms.

Apart from dealing cryptocurrencies, Cex has among the most effective trading platforms. It sustains margin trading for cryptocurrencies with 1:2 as well as 1:3 leverages. Features such as the automated funds loaning and negative equilibrium defense make margin trading relatively easily accessible to newbies. How Many Crypto Coins Are There

Authorizing up on CEX

You could sign up on Cex making use of a Facebook, Google, VK, or Github account. The procedure takes less compared to a min. However, before you can use your bank card to buy cryptocurrencies, you should send it for verification.

To validate your card, you will certainly fill out a kind that needs you to give the name on the card, the card number and the expiration day. In addition, the exchange needs you to submit 3 color photos proving ownership of the card.

The initial picture you provide is a selfie of you holding the card with its details clearly visible. The second image is a selfie of you holding both the bank card and a government-issued ID. Details on both records must be legible. The third image is a selfie of you with the rear of the ID noticeable.

After sending these photos as well as filling up out the kind, you will certainly be motivated to confirm that the information you have actually provided is up to day and also valid. You will likewise permit for a company compliance officer to check out the details.

If whatever meets the exchange’s demands, you will certainly receive an e-mail notification informing you on the readiness of your card for use on the exchange. If any type of component of the details you supply is not correct, the conformity officer will certainly get to out to you for information.

The confirmation procedure can take a few hrs or approximately a day. Some customers, nevertheless, have reported awaiting longer compared to a day.


There are three sorts of costs on Cex: purchase costs, deposit/withdrawal fees, and also margin trading charges. Cex costs users higher fees compared to the majority of other exchanges.

Purchase charges

All purchase costs are paid by the customer (a trader that replies to an offer). The investor (or vendor) who sets up a deal on the platform does not incur deal costs The costs are a payment of the value involved as well as they range from 0.10% and 0.20%. The greater the quantity entailed, the lower the cost percent. How Many Crypto Coins Are There

Down payment as well as withdrawal costs

2 variables determine the amount of fees you pay to deposit or withdraw from Cex. The very first is the currency involved. The 2nd is the payment technique you prefer to make use of.

Transferring through financial institution transfer and cryptos is complimentary. However, taking out using these 2 payment approaches prices in between $30 and also $50 for financial institution transfer– relying on the fiat currency– and also in between 0% and 1% for cryptos. I am okay with paying a little portion for cryptocurrency taking out, yet in my point of view the 10EUR SEPA take out fee is somewhat extreme– given that Kraken just charge 0.09 EUR for the exact same operation.

Deposits made via Visa as well as MasterCard expense between 3.5% and 5% of the worth entailed. You likewise pay a further flat charge of $0.20 to $0.25, depending on the fiat money. Withdrawals cost 1.2% of the worth involved as well as a level charge of $3.80.

After enabling the trading of Bitcoin Cash (BCH), the operators introduced that deposits of BCH are free, but withdrawals cost 0.01 BCH.

Margin trading fees.

Cex charges 0.2% to open a placement with an utilize of 2 or 3, in addition to a rollover expense of 0.1%. The platform charges no fees for shutting positions.

Sustained nations

You could access and also make use of the services of Cex from anywhere all over the world. However, the schedule of settlement methods it accepts from your country of house could limit the solutions you obtain.

While the exchange is signed up in the United States as a loan service company, it is not available in over fifty percent of its states due to restrictive governing needs.

Other Options

Particular sites likewise provide comparable beginner-friendly attributes. Here are the most effective alternatives to

Coinbase– likewise a popular & beginner’s exchange. Utilize this Coinbase analysis for an excellent review. Credit score card & bank transfer down payments. (UNITED STATE).
Bitstamp– unlike Cex, Bitstamp has both a for beginner customers & and also one for advanced individuals. My Bitstamp examination describes it all. Card & bank transfer purchases. (Luxembourg).– most preferred on-line purse. Different to Cex in that individuals could only buy BTC (no marketing). Visa/Mastercard for EU clients. (UK).
Coinmama– just like– only for acquiring BTC or ETH. Check out the pros & disadvantages of Coinmama first. Charge card & cash using Western Union. (Israel).

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