Today, I will show you an in-depth beginners guide to using CEX crypto exchange: you will learn how to:
➡ Verify your account for purchase,
➡ Secure your account against hack,
➡ Track your transactions after purchase,
➡ Deposit on your CEX.IO account,
➡ Withdraw from your CEX.IO account,
➡ Use Pro traders method to purchase with lower fees/amount.
➡ Using 6 actionable steps to buy all CEX.IO Altcoins.
Are you already excited? You should because this is a Nexflix guide – media clips everywhere.
You know what?
I laugh or give a chuckle when some crypto fence mongers say crypto has not come to stay. Sorry, it does because it made the news…
You may not adopt it now, but yet, let’s see if it won’t be like the telecommunications industry.
I had a close friend that said “no” to a mobile phone. But now, he uses two of his own. Now that is a telecommunication bubble. He didn’t understand Blockchain Technology.
I use that term as well, but what is the difference if you say Bitcoin or These Top 30 Best Cryptocurrencies MOONINGS are mere bubble? Zero difference!
Tagging Cryptocurrency as bubble won’t change the fact that it has made these Crypto thoughts leaders (coming up) or 7 Billionaires stand out. No…….pe!
In fact, it won’t change the bitter truth that Cryptocurrency is a mystery to those that didn’t join early enough just like buying Amazon shares in 1995, come o…..on… you lost it, right?.
And lastly, it won’t stop me from creating a Private Crypto Resource Library for you to swim in 300+ cryptocurrency materials if you actually want to be Crypto Thor!
If you need a sample, get these free 50 tools for hacking your crypto journey.
Before we go on, let me admit that I was afraid of using Bitcoin some years ago. What was the cause of the fear? Same reason some might be thinking about now.
So, to overcome it as I did, see how to beat Crypto F.E.A.R and buy cryptos on your own (before buying Cryptocurrencies from CEX.IO).
Welcome back. Let’s head on.
- 1 WHY I USE CEX.IO
- 1.1 1. SECURITY
- 1.2 2. ADVANCEMENT
- 1.3 3. VERSATILITY
- 1.4 HOW TO OPEN A CEX.IO TRADING ACCOUNT WITH SECURITY
- 1.5 HOW TO SECURE YOUR CEX.IO ACCOUNT
- 1.6 HOW TO VERIFY YOUR CEX ACCOUNT FOR A PURCHASE
- 1.7 HOW TO BUY BITCOIN FROM CEX.IO IN
- 1.8 HOW TO BUY TOP 8 ALTCOINS ON CEX.IO.COM IN 6 ACTIONABLE STEPS
- 1.9 HOW TO BUY BITCOINS-ALTCOINS AT LOWER FEES ON CEX
- 1.10 HOW TO MAKE WITHDRAWALS ON CEX.IO EXCHANGE
- 1.11 HOW TO TRACK YOUR BITCOIN TRNX ID.
- 1.12 CONCLUSION?
CEX.IO is a United Kingdom cryptocurrency exchange website where beginners and pro traders learn their crypto trading and earn big respectively.
It is a platform where you can easily buy Bitcoins with your ordinary Visa and MasterCard wherever in the world.
As a matter of fact, you can also purchase cryptocurrencies using your local currency if your account has been linked like Coinbase Crypto4 exchange.
WHY I USE CEX.IO
No matter how glamorous a cryptocurrency exchange is, if the number one objective is zero or shady, no need, I am out.
Even though I made a complete Top 10 crypto exchange qualities you should look out for, I still don’t use all exchanges except the ones I trust mostly by experience.
And one of those I use as well is CEX. CEX in one line is secure.
In there, you have different security options to activate your account to make sure it is safe.
For an example, when you want to withdraw from your CEX.IO account, you will still be prompted to confirm through an authentication process and so on.
If you are a beginner, it does not make sense to use a more advanced Crypto trading sites like Binance or Kucoin when you have CEX.IO or even Coindirect.com to learn how to day trade.
With CEX.IO, you can borrow some funds and still day trade if you’re short of cash; marginal trading at CEX.IO is a big deal…
Other advanced tools are Bitcoin Calculator, Bitcoin Price Widget and even Mobile app, and more.
CEX.IO is a versatile crypto exchange to use. When there, you can easily use your credit cards and make payment. Think about it; how cool is it to use Visa or MasterCard and make payments for Altcoins?
Apart from that, to round everything up, the support is active by experience.
More so, CEX is one of the crypto exchanges that the withdrawal charges using a direct transaction method are lower – not a credit card.
I don’t use too many Altcoin exchanges. The once I use, I go on to verify my identification based on what it has to offer.
CEX.IO is trusted by the crypto trading community, and the clients are increasing daily.
Be it as it may I will make a complete review of CEX later on where I shall talk about features and possibly how to use options like the Bitcoin Calculator, Bitcoin Price Widget, and even Mobile app.
Are you interested in how-to-use Review of CEX crypto exchange, I will link it to you, just follow us on Twitter for updates or better still, leave your crypto email below for the complete insight.
HOW TO OPEN A CEX.IO TRADING ACCOUNT WITH SECURITY
1. Visit CEX.IO Crypto Exchange and create an account.
2. Click on Register.
3. Enter your personal info (email, password)
4. Enter the reCAPTCHA, and click on Register.
5. Verify your account by clicking a link that will be sent to your account.
Click on the link and sign in.
That is all.
HOW TO SECURE YOUR CEX.IO ACCOUNT
It is important I show you how to secure your account before you even get it verified. So, see how.
1. Visit CEX.IO and Click on Sign in
2. Enter your email, password, verify the reCaptcha, and click on Click Sign
3. At the top right corner, click on Account.
4. Click on Security.
5. Your account must be like the one below.
6. Click on Edit to enable two-factor authentication.
7. See the summarized steps (image). The steps are simple.
However, if you need some assistance, I will still help. Go over here and see how I did it.
HOW TO VERIFY YOUR CEX ACCOUNT FOR A PURCHASE
Supposing you are still logged in.
1. Still, at the top right corner, click on Verification on the Drop-down options.
2. Enter all your documents and get them verified.
Required documents; ( your ID TYPE, Personal Info, Address and Photos of document)
Need more help?
I did a practical 5 or more hours’ tutorial on it. Get the complete guide here.
HOW TO BUY BITCOIN FROM CEX.IO IN
Overview of what you need to do.
Deposit/Fund your CEX.IO Account – Credit Card
1. Sign into your CEX account.
2. Click on the deposit.
3. Head on and select the method you want to use. There are basically three routes; Payment card, Bank transfer, and CryptoCapital.
If you choose Payment card- credit card. Go ahead and select the amount you want to buy and click Add Payment.
The next page will show, your card is processing. Just wait for it, then click on Go to Finance Page.
4. Select the amount of Altcoins (if bitcoin) you want to buy from the options. You can scroll down as well to select a custom amount of bitcoin. Then click on Buy.
5. On the next screen, go on to process your transaction.
6. Next, you will be asked to verify your Credit card code using your CVV at the back of the card.
7. Go ahead and enter them, then click on Deposit.
8. Wait for the deposit to be processed. Click on close to go to your main dashboard.
It won’t take up to 2 minutes using the same method used by local inter-banking transactions.
Note: In some rare occasions, if your local bank or credit/debit card issuance rejects your first transaction, go ahead and acknowledge the transaction
Okay, here we go. Your payment has been deposited successfully in less time.
OOPs, I can’t leave you like that. Let’s see how to get it done practically… 😛
HOW TO BUY TOP 8 ALTCOINS ON CEX.IO.COM IN 6 ACTIONABLE STEPS
Still logged in or you’re out? Okay…
1. Visit CEX.IO and log in. On your dashboard, go over to buy/sell.
2. Click on the BUY drop down and select the cryptocurrency of your choice. (You can choose Stellar, Zcash and more). Will be using Bitcoin
3. Enter the amount – in Bitcoin
You will see an equivalent in Dollars.
The amount: 0.02BTC – $173.87 – that is a little bit much. See the hack below.
HOW TO BUY BITCOINS-ALTCOINS AT LOWER FEES ON CEX
1. Go on and Click on Trade.
2. Choose the currency match. Since I am using Bitcoin, it will be BTC/USD.
3. Scroll down the page and enter the amount of Bitcoin you want to buy. Still 0.02 BTC.
What do you observe? Same amount of Bitcoin but lower USD, right?
The amount: 0.02BTC – 16.25 USD – that is a pretty, right? Thank me later. 😎
➡ See it –0.02BTC – $173.87 VS 0.02BTC – 16.25 USD
4. Click on Place Order.
5. On the next screen, Click on Place Order. (At the current Bitcoin rate, currently is at $8085.8).
• You will get a notification at the top right corner of your screen that you bought BTC at the current rate.
• You will be charged a reasonable fee – no worries.
However, since it was on the trading platform, it won’t take long and you will get it.
6. Refresh your account dashboard and you will see your Bitcoin.
(if not, wait for the transaction to be processed from the blockchain). Refresh back in about 5 – 30 minutes and you should get it right there in your account.
That is all.
HOW TO MAKE WITHDRAWALS ON CEX.IO EXCHANGE
Still logged in.
1. Click on the withdraw button at the top right corner.
2. Click on the currency you want to with – BTC, XRP, and USD and so on.
3. Click on BTC – using Bitcoin.
4. Enter the BTC wallet address of the recipient wallet.
5. Confirm the address and click Withdraw.
You will be prompted to enter your security code – by Google authenticator, email or SMS based on the method you used.
6. Enter the code from the authenticator, or confirm using SMS.
On the next screen, it will be shown processing.
The transaction is on the blockchain network. Just wait for it to process. When done, you will get your BTC.
Meanwhile, you can check your transaction by clicking Finance.
• View the transaction, it should be on its way.
• Wait for it to hit your Bitcoin wallet and you are done.
That is all.
HOW TO TRACK YOUR BITCOIN TRNX ID.
I Don’t know but if at all you may need your TRX ID, this is what you have to do,
• Copy the BTC address you sent the BTC.
• Go to Blockchain.info.
• Enter the wallet address.
• Look down and you will see a long string number – that is your Transaction ID.
That is all.
➡ COMING UP: 7TH DAY & WEEKLY CRYPTO MARKET UPDATE (JULY-AUGUST 2018): 3 Projects to buy NOW!. (Get it here below).
There is no concrete conclusion about this. Tell me if you were able to use CEX.IO and deposit, buy, withdraw, and track your ID as I expected to make it as simple as possible.
Do you like the cost aversion hack by using the trading technique instead of the normal buy area (high cost)?
Check back if you didn’t see it…
The next crypto exchange guide will feature Coindirect, Binance and Kucoin. But this is what you will get next on iwillteachucrypto.com.
7TH DAY & WEEKLY CRYPTO MARKET UPDATE (JULY-AUGUST 2018): Coins, Initial, New trade Price & the difference (%)
I will send you all of them, just enter here for free.
However, if you liked the ultimate guide to using CEX crypto exchange, you may want to see similar beginner guides to get on with.
I am yet to write Extensively on the best and affordable Crypto wallets. That is probably for August, 2018. (God willing).
All right, have a great day, and Thanks for even reading this…