Why CEX.IO is the Best Place to Buy Bitcoin Quickly
The development of the CEX.IO project began in early 2013, and it continued with the introduction of the CEX.IO domain, the purchase of GHash.assets, IO's and, finally, the registration of the CEX.IO LTD legal entity in November 2013.
With approximately 42% of the total Bitcoin mining capacity at this point, GHash.IO is the largest mining pool, according to Blockchain.info, embodying the threat of a 51% attack. To assure the Bitcoin community that it would "take all necessary efforts to prevent attaining 51% of all hashing power, in order to maintain integrity of the Bitcoin network," CEX.IO issued a formal statement.
The number of users on CEX.IO surpassed 200,000 in April 2014. In May 2014, CEX.IO added the IXC/BTC trading pair, reduced maintenance expenses for the cloud-based GHS, and imposed transaction fees on the CEX.IO exchange. On September 22, 2014, CEX.IO announced the successful introduction of the first fiat currency, which supports bank transfers and credit cards for payments in US dollars.
Users can now deposit and withdraw money, trade cloud-based hashing power (GHS), and trade Bitcoins all in one location without requiring the services of another exchange. The second fiat currency, the Euro, was introduced by CEX.IO on September 29, 2014, along with the ability to deposit money using SEPA.
Due to the low price of Bitcoin and the difficulty of mining, CEX.IO halted its cloud mining services on January 12th, 2015. Later, CEX.IO started to grow into a trading platform. The Bitcoin CEX.IO exchange formally joined the USA market on April 30, 2015.
Additionally, FinCEN, a division of the U.S. Department of the Treasury, has granted CEX.IO MSB (Money Services Business) accreditation. As a registered MSB, CEX.IO has demonstrated that the business complies with both the general requirements of the Bank Secrecy Act that apply to financial institutions and each of the particular requirements that apply to MSBs. Russian Ruble was added as the third fiat currency on CEX.IO in August 2015. The platform simultaneously made WebSocket API available to professional traders.
2015's December marks the official CEX.IO Mobile Application's release. In April 2016, CEX.IO started trading ether and added ether/bitcoin and ether/dollar pairs. On April 28, 2016, CEX.IO began allowing withdrawals of USD, EUR, and RUB to Visa and MasterCard credit and debit cards.
The GHash.IO pool was closed in October 2016. A flexible trade fee schedule and margin trading for the BTC/USD and ETH/BTC pairs were introduced by CEX.IO in October 2016. CEX.IO introduced a new Bitcoin Affiliate Program in December 2016.
All mining in GHash.IO ended in October 2016, and the pool was formally shut down. The business concentrated on trading cryptocurrencies, while CEX.IO continued to serve as a flexible exchange for Bitcoin and other cryptocurrencies. At the moment, CEX.IO is one of the top exchanges, with a user base of more than 1,000,000 people.
CEX.IO has made the decision to be a regulated cryptocurrency exchange since the founding in 2013.
The business is registered in the UK and continues to be listed by FinCEN as a Money Services Business (U.S.). To ensure that customer cash and personal data are safeguarded, CEX.IO offers highly secure services, such as level 2 PCI DSS and powerful anti-DDoS security. Furthermore, two-factor authentication helps the platform maintain a high level of security.
Not only a cryptocurrency exchange, CEX.IO also houses a variety of other crypto services. Everyone may easily and quickly locate what they need on the website thanks to its straightforward navigation. Thus, the site enables you to purchase bitcoin in a convenient manner without wasting time or being concerned about security issues.
Due to CEX.IO's liquid order books,you can start and finish buying bitcoin quickly. The performance of the currency pairings offered on the marketplace is also regularly assessed and improved. To avoid shady coins with little market activity, they analyze the demand, fault tolerance, and throughput of new coins and tokens before contemplating listing them.
Additionally, they are able to maintain markets with a high degree of quality and sufficient liquidity thanks to millions of active cryptocurrency and Bitcoin traders.
The greatest platform for trading cryptocurrencies is CEX.IO, which combines an intuitive and lucid user interface with cutting-edge trading tools and top-notch security.
The Best Place to Buy Bitcoin With Credit or Debit Cards
Regardless of whether you plan to buy cryptocurrency for the long or short term, it is advised to have a secure location to keep your money. One of the most widely used methods for purchasing and storing crypto assets is by using a trustworthy online exchange. And the following are some justifications for why CEX.IO is a good choice:
- No prior blockchain expertise is necessary to get started;
- Giveaways, airdrops, and other promotions can be advantageous to you;
- 24/7 access to the market;
- An extensive list of supported cryptocurrencies;
- Access to staking, savings, and other crypto-related products;
- Allows for storage of fiat and cryptocurrencies together in one wallet;
- Multiple options to increase the security of your account and renew access if you lose a password.
Centralized exchanges like CEX.IO maintain a clean, uncluttered design while combining a wide range of functions. In order to maintain a secure trading environment on their platforms, the majority of centralized exchanges also adhere to AML and KYC policies.
It permits establishing connections with dozens of institutions in important marketplaces and deters shady activity on the platform. Due to their high liquidity, centralized cryptocurrency exchanges are now seen as a popular and simple method of purchasing cryptocurrency.
To safeguard the privacy, accuracy, and accountability of your personal information, there are organizational and technical security measures.
Among the steps taken to safeguard your personal information are:
- Pseudonymization and TLS 1.3 encryption of personal data;
- Access control;
- The ability to ensure the ongoing confidentiality, integrity, availability, and resilience of processing systems and services;
- The ability to restore the availability and access to personal data promptly in the event of a physical or technical incident;
- Only authorized personnel, subject to strict confidentiality agreements, have access to your Personal Information.
Technical and organizational measures of effectiveness are regularly tested for and assessed. Every new legislative and technological development will be taken into account.
Additionally, all third-party providers who might have access to your personal information are subjected to a variety of assessments, including penetration tests when appropriate.
Employees will contact you right away if there is a data breach or if security measures fail. The data protection and breach notification security advice firm CEX.IO may hire keeps track of all pertinent reporting standards for the US and other countries where they do business.
Retention of Personal Information
Your Personal Information is stored on servers in some of the most secure locations in the world, including those in the European Economic Area and the United States. Strict access limits are in place for this data.
Employees of CEX.IO whose offices are located outside of the United States or the European Economic Area are legally required to follow the same data security principles and procedures as those employed in those countries.
If you choose not to create an account for future transactions, CEX.IO will not keep your payment information for the instant buy product. Your payment method details are transferred to a third-party payment processor that is headquartered in the European Economic Area and subject to the same rules as CEX.IO in order to enable rapid purchases of digital assets. In order to further protect your rights, CEX.IO has a contract with the payment processor.
For a period of five years following the processing of a transaction, CEX.IO is required to preserve Personal Information related to that transaction because it is a regulated financial institution in the United States.