Doge Coin Exchange – Bitcoin Exchange Review – 2018

Have you ever before contemplated on exactly how safe Cex is for dealing cryptocurrency? Throughout this Cex evaluation I will examine whatever that you should understand. From being the leading bitcoin mining pool, to coming to be the most beginner-friendly cryptocurrency exchange– Cex has quite the present for consistently adapting its core service techniques to much better suit the market. Lots of readers have asked me simply how did such a small-time system draw in so several waves of brand-new customers, and also come to measure up to some of the biggest players in the sector. released in very early 2013 in the UK as a holding entity for, one of the biggest bitcoin mining swimming pools. Ghash expanded to regulate about 42% of bitcoin hashing power. The business was started by Ukranians– Oleksandr Lutskevych and Oleksandr Ushchapovskiy.

The exchange attribute was added to assist customers market and also get shares of the mining pool utilizing bitcoin. Through its cloud mining services, the exchange made it less complicated as well as extra convenient for users to go into as well as leave mining operations. There was no should acquire mining hardware when joining, or to deal with it when exiting.

By September 2014, Cex’s user-base had actually gotten to over 200,000. The exchange began approving down payments in US bucks, euros as well as Russian rubles with wire transfers, charge card and SEPA from individuals around the world who wanted to buy bitcoins or GHash mining shares. Doge Coin Exchange

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

Prior to proceeding to the core of my Cex assessment I would love to remind readers that the firm discontinued all cloud mining operations in January 2016. Supposedly this was to much better concentrate on their services as a cryptocurrency exchange as well as trading platform.


– Cex has among the ideal series of offered attributes while ensuring an impressive beginner-friendly experience. The site is remarkably very easy to make use of– yet offers a several solutions, trading sets, security features, as well as deposit methods.
– Sustains down payments made with bank card from a bulk of countries. When as compared to Coinbase, Cex accepts charge card from substantially even more countries.
– Uses margin trading on BTC/USD, BTC/EUR, ETH/BTC and ETH/USD couple with great loss-protection tools. Cex competitors such as Bitstamp or Coinbase have no margin trading.
– Performs orders with fill-or-kill (FOK), making transactions much faster as well as easier for beginners. Even advanced trading systems like Kraken do not yet provide FOK orders to their individuals.
– Includes a mobile application. The android application has actually received 100 thousand downloads from GooglePlay.
– Uses an API for 3rd celebration programmers to develop customized tools. The majority of the leading crypto exchanges are currently seeing the added income advantages of opening and also API to 3rd celebration designers.
– Simple sign-up by means of social media sites accounts: customers can register utilizing their Facebook, GoogleID, VK, as well as Github logins.
– New trending altcoins are proactively being included for trading. Most lately we have seen the enhancement of Zcash and Dash, two significantly popular privacy-focused cryptocurrencies.
– Making use of the associate buy/sell web page you can easily get current conversion prices. For instance you’ll rapidly be able to see how much bitcoin you get for 100, 200, 500, or 1000 usd. I like the transparency provided by CEX– particularly compared with other exchanges where you only see the prices after you have joined.
– No known safety and security violations of client funds to date. Cex has gotten on well while various other big exchanges like Coinbase, Poloniex, Bitstamp, and Bitfinex have all experienced relatively severe thefts (though most of the times individuals were refunded). Doge Coin Exchange

Weak points

– Hold-ups in card confirmation sometimes last weeks. Supposedly this resulted from an increase of brand-new users. We are certainly seeing records of the delays cleaning up progressively.
– Unresponsive consumer support. Very same as above, though the drivers launched a declaration assuring the neighborhood that extra assistance staff were being recruited & trained.
– Currently supports just seven cryptocurrencies, a little number in contrast to various other leading exchanges like Bitfinex or Bittrex. However this is somewhat even more compared to Coinbase and approximately the like Bitstamp.
– Some countries are not supported with charge card as well as cable transfer payments. ——— Alternatives such as Coinmama assistance much more nations for Visa/Mastercard down payments. The Localbitcoins p2p exchnage will operate in every country.
– Buggy mobile application uses just a few of the services easily accessible through the website. Justifiably the application only obtained a 3 from 5 score on the Play shop.
– While the site does its best to accommodate beginner bitcoiners. I really feel that unfamiliar customers are benefited from through somewhat higher fees. Such is additionally the instance on Coinbase as well as Coinmama. Sites like Kraken or Gdax are no place near as very easy to utilize, yet offer the least expensive fees to every person.

User Experience

The user experience takes a core part of my Cex analysis. This desires all the primary take-home opinion that individuals get during and also after their use. The business serves its users via an internet site, a mobile application as well as an API.

Internet site

The site has a superior design when compared to other exchanges such as Coinmama or Bitfinex. Novices are simple able to navigate from the sign-in web page to the trading panel. An excellent protection initiative was taken by the drivers to instantly make it possible for SMS & e-mail two-factor authentication (2FA). Such 2FA is actually rather very easy to do, yet keeps accounts safe for checking in as well as taking out. Doge Coin Exchange

Keep in mind that bitcoin safety expert Andreas Antonopoulos remains cynical regarding the level of safety given by SMS 2FA.

The very best sorts of 2FA are done using devices that just you regulate. A good choice to SMS 2FA is Google’s Authenticator application– which customers on Cex are currently able to configuration.

One function that makes Cex attract attention from various other exchanges is that it uses the fill-or-kill (FOK) model to execute orders. This indicates that when you position an order, it is satisfied right away in its whole. If the fulfilment can not be attained right away, then it is terminated.

Purchasing BTC with a bank card on

According the site evaluation website, the highest traffic to (14.3%) originates from the United States. Other countries that bring a high number of site visitors consist of Russia (5.4%), Turkey (5.3%), United Kingdom (4.5%) and France (3.2%). likewise reveals that concerning 30% of website traffic comes through mobile devices.

Mobile application

The Cex mobile application is offered for both Android as well as iOS. With the application, you can deposit bitcoin, ether, and litecoin making use of a QR code. You could likewise position limitation market orders within the application.

Customers could watch balances, energetic orders and also modifications in rate. You can additionally launch, take care of and terminate orders as well as use real-time information from across various exchanges to analyse cryptocurrency markets.

Given that the release of the application in December 2015, comments from users has actually been both positive and also unfavorable. Some users have actually welcomed the application as a handy device for staying connected with the marketplace while on the go. I believe that such declarations are undoubtedly true, but extra work might be made to broaden the functions of the app.

Others have actually shared frustration over bad individual experience. Usual grievances includes the app stopping working to carry out orders, not displaying detailed graphs and also making it challenging to login in.

It likewise only provides a fraction of the solutions obtainable via the web site. As an example, you can’t do margin trading through the app. Doge Coin Exchange


Along with the mobile application, the group have actually made an application programs interface (API) available for developers to create tailored applications for trading and managing funds. The API can be found in three types: Rest for accessing market data, WebSocket for expert traders as well as Fix for institutional traders.

The trading API is restricted to 600 requests per 10 min interval. To boost this ability designers will certainly need to speak to customer support.

Market positioning

According to, controls 0.78% of the global exchange market. It is rated 15th in the checklist of crypto exchanges in terms of trade quantity. ranks lower in regards to web traffic compared to many significant exchanges such as Coinbase, Kraken, Bitstamp as well as Poloniex. It outranks mostly all of them in the quantity of web traffic from Russia, nevertheless. In addition to Yobit as well as Livecoin, few various other significant global crypto exchanges have Russia also in the top 5 nations in terms of web traffic to their systems.

Besides getting and also marketing cryptocurrencies, Cex has among the very best trading systems. It sustains margin trading for cryptocurrencies with 1:2 as well as 1:3 leverages. Functions such as the automatic funds borrowing as well as adverse equilibrium protection make margin trading fairly easily accessible to novices. Doge Coin Exchange

Registering on CEX

You could register on Cex utilizing a Facebook, Google, VK, or Github account. The process takes less compared to a min. Nonetheless, prior to you can use your charge card to purchase cryptocurrencies, you should submit it for verification.

To confirm your card, you will certainly complete a form that needs you to provide the name on the card, the card number as well as the expiration day. On top of that, the exchange requires you to post three shade images verifying possession of the card.

The first picture you provide is a selfie of you holding the card with its details clearly visible. The 2nd photo is a selfie of you holding both the charge card and also a government-issued ID. Info on both documents ought to be readable. The third picture is a selfie of you with the rear of the ID noticeable.

After submitting these images as well as completing the type, you will certainly be triggered to verify that the information you have given depends on day and valid. You will also permit for a business conformity policeman to watch the info.

If everything satisfies the exchange’s needs, you will certainly obtain an email notification signaling you on the readiness of your card for usage on the exchange. If any part of the info you offer is not appropriate, the compliance police officer will certainly get to out to you for explanations.

The verification process could take a few hrs or as much as a day. Some users, however, have actually reported waiting on longer compared to a day.


There are three kinds of fees on Cex: purchase fees, deposit/withdrawal charges, and margin trading fees. Cex fees individuals greater charges compared to many other exchanges.

Purchase charges

All deal charges are paid by the customer (a trader that replies to an offer). The trader (or seller) that places up a deal on the system does not sustain purchase fees The fees are a commission of the value entailed as well as they range from 0.10% and also 0.20%. The higher the volume entailed, the lower the charge percentage. Doge Coin Exchange

Down payment and also withdrawal charges

2 variables identify the quantity of charges you pay to down payment or withdraw from Cex. The first is the money involved. The 2nd is the payment technique you pick to utilize.

Depositing via financial institution transfer and also cryptos is cost-free. Nevertheless, taking out using these 2 settlement approaches prices in between $30 and also $50 for bank transfer– depending on the fiat currency– and also in between 0% as well as 1% for cryptos. I am ok with paying a tiny percentage for cryptocurrency taking out, however in my opinion the 10EUR SEPA withdraw cost is a little excessive– offered that Kraken just charge 0.09 EUR for the exact same operation.

Down payments made with Visa as well as MasterCard price between 3.5% and also 5% of the worth included. You also pay a more flat charge of $0.20 to $0.25, relying on the fiat money. Withdrawals set you back 1.2% of the worth entailed and also a flat cost of $3.80.

After enabling the trading of Bitcoin Cash (BCH), the drivers revealed that deposits of BCH are free, however withdrawals cost 0.01 BCH.

Margin trading charges.

Cex fees 0.2% to open a position with an utilize of 2 or 3, together with a rollover cost of 0.1%. The system bills no costs for closing settings.

Supported nations

You can access and use the services of Cex from anywhere around the world. Nevertheless, the schedule of repayment techniques it approves from your country of residence can restrict the services you obtain.

While the exchange is signed up in the United States as a money service business, it is unavailable in over fifty percent of its states because of limiting regulatory demands.

Other Options

Particular websites also supply similar beginner-friendly functions. Right here are the best alternatives to

Coinbase– also a preferred & novice’s exchange. Utilize this Coinbase analysis for a good review. Credit history card & financial institution transfer down payments. (U.S.A).
Bitstamp– unlike Cex, Bitstamp has both a for newbie customers & and one for advanced customers. My Bitstamp examination discusses everything. Card & financial institution transfer purchases. (Luxembourg).– most preferred online purse. Various to Cex in that customers could just acquire BTC (no selling). Visa/Mastercard for EU clients. (UK).
Coinmama– just like– only for purchasing BTC or ETH. Read the pros & cons of Coinmama initially. Credit score card & money through Western Union. (Israel).

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