How to buy crypto on CEX.IO?
With CEX.IO, users are not limited to only one service or payment option to buy crypto. For example, if you want to buy crypto as fast as possible, then you can consider using the Instant Buy service. It allows you to use a payment card or CEX.IO balance for buying crypto in a few seconds. So, if you want, for example, to buy ETH with credit card quickly, Instant Buy is one of the best options.
The whole process of buying crypto using Instant Buy is pretty simple:
- Open the Buy/Sell page on the CEX.IO website or in CEX.IO mobile app;
- Select the crypto you want to buy from the dropdown list and fiat currency to use;
- Choose the pre-calculated pack or enter your own amount;
- Opt a payment option — debit/credit card or CEX.IO balance;
- Double-check the details you entered and confirm the transaction.
In the CEX.IO mobile app, there is also an Instant Sell option that allows you to sell crypto in the same way and withdraw the fiat funds to your payment card instantly.
On the other hand, if you want to expand your crypto experience and start trading cryptocurrencies by placing limit and market orders, you can visit the Trade page. Check it out on the CEX.IO web or use CEX.IO mobile app. CEX.IO supports more than 100 crypto-to-crypto and crypto-to-fiat markets. You can use a search field to find the appropriate market faster. Also, you can always swap between currencies using the Exchange service in the CEX.IO mobile app.
There are two order types available for trading on CEX.IO Exchange — market and limit order. Market orders have instant execution and are used to buy or sell assets for the best available price in the order book. At the same time, limit orders allow you to set the price you want to buy or sell at. But their execution may not be instant since the price must reach the specified level or there should be opposite orders in the order book that can fulfill your limit order.
CEX.IO strives to make your first steps in crypto easy and give you multiple options to find your own crypto way. Discover the platform, find the service and payment option that suits you most, and benefit from opportunities that the crypto world can provide.
Where to buy crypto if you don’t know where to start?
Let’s say that you finally decided which crypto to buy and how to use it. The next step is finding a good place to buy it. The most common place to buy and sell cryptocurrency is a cryptocurrency exchange. Crypto exchanges can be centralized (CEX) or decentralized (DEX), the latter ones are most often located on the blockchain and use smart contracts for operations. On decentralized crypto exchanges, you can buy crypto only for another cryptocurrency, while CEXs can be both crypto-to-crypto and crypto-to-fiat. CEX.IO is a regulated crypto exchange that supports both cryptocurrencies and fiat currency to buy and trade crypto and allows you to buy bitcoin with a credit card instantly, as well as other cryptocurrencies.
Before using the platform, the first thing you should figure out is whether it supports your country or not. CEX.IO is a global crypto exchange that is available in most countries, but there are territories where a crypto exchange cannot provide its services due to government restrictions. You should also be prepared for going through the KYC procedure if you want to use a regulated and reviewed exchange like CEX.IO.
A large selection of payment options is also an important aspect when choosing a cryptocurrency exchange. For example, at CEX.IO, you can buy Litecoin with credit card, debit card, international (SWIFT) or domestic (ACH, SEPA, Faster Payments) bank transfer, and even using online wallets like Skrill and Epay. That applies to all other cryptocurrencies on CEX.IO.
At CEX.IO, it is even possible to use payment cards in any local currency to deposit funds and buy crypto. Just select the currency on CEX.IO (USD, EUR, GBP, or RUB) and make sure that your Visa/Mastercard payment card supports conversions and international transactions. The funds will be automatically converted to the required currency at your bank rates.
Fees can be the determining factor, deciding where to buy crypto. Keep in mind that fees depend on the payment option and service you have used. There are even commission-free payment options available on CEX.IO. Also, if you are an active trader, you can get lower maker/taker fees that may improve or give access to some trading strategies.