Is CEX.IO legitimate?Is CEX.IO safe to buy Bitcoin?

CEX.IO currently has an NR (“No rating”) status with the Better Business Bureau. The BBB’s ratings range from A+ to F, but it says it doesn’t have sufficient information to issue a rating for CEX.IO.

Ratings typically reflect the BBB’s opinion of how well a company interacts with its customers. The bureau also takes several factors into consideration, including type of business, time in business, licensing and government actions, and advertising issues.

The exchange has closed seven complaints in the last 12 months, according to the BBB.

Is CEX.IO legitimate?

Yes. CEX.IO serves individuals and institutions across the globe. The US division of CEX.IO is registered as a Money Service Business with FinCEN. You can find more information on its US licenses and registrations here.

Has CEX.IO been hacked?

There are currently no reports of CEX.IO ever being hacked. The crypto exchange prioritizes keeping both your payment/credit card information safe and ensuring its platform is secure, and it currently possesses a PCI DSS Level 1 certificate.

It also ofters data encryption and safety measures like 2-factor authentication.

Is CEX.IO legal in the US?

Yes. CEX.IO offers its services to US residents in 49 states and Washington, DC (it doesn’t support New York residents). CEX.IO also has Money Transmitter Licenses (MTLs) in 33 US states.

These include the following: Alabama, Alaska, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Iowa, Kansas, Louisiana, Maine, Maryland, Minnesota, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, North Carolina, Ohio, Oklahoma, Oregon, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Vermont, Virginia, Washington, and West Virginia.

Related terms

Cryptocurrency: Cryptocurrencies are digital assets that utilize blockchain technology for decentralized (i.e., you can exchange these assets without a centralized institution like a bank) transactions.

Token: These assets are created through existing blockchains, meaning they’re built on top of previously established databases like the bitcoin blockchain.

Staking: This account option is a more passive approach to building wealth through crypto. It allows you to earn interest rewards for holding a certain amount of crypto assets for a set period of time.

By cexcadm

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