is cex.io legit?

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  • Enkhbat
    SBR MVP
    • 04-18-11
    • 3145

    #1
    is cex.io legit?
    Has anyone here used it for bitcoin transactions? If so what was your experience with this site?

    I am considering it to use for sportsbook deposit and withdrawal.
  • GoldRush7
    SBR MVP
    • 04-27-09
    • 2014

    #2
    I've used it for deposit because it is instant with a card once you are verified. However, the price of BTC on their site is usually higher than the market. If you are trying to get funds to a book quickly and take a small hit on the BTC price it is a good option.

    I've never used it for withdrawing.

    Ever since Square allowed for BTC purchasing, I haven't had to use cex.io, but if you don't have any other options it is pretty quick.
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    • Goatman
      SBR High Roller
      • 06-27-17
      • 166

      #3
      Coinmama is better than CEX, in my opinion. They're a little more expensive than Coinbase for credit/debit card purchases, but if you're opposed to using Coinbase, they are a good replacement. Coinmama's pricing is identical to the crypto market price. Unlike most exchanges, you don't actually keep your crypto with them; instead you provide them with your wallet address and they send it to you immediately after purchase, so you avoid any counterparty risk. Their verification process is pretty fast and easy too. Coinmama offers both BTC and ETH. ******************
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