CEX Exchange is a popular platform for buying, selling, and trading a wide range of cryptocurrencies. If you’re a beginner looking to buy cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), or Litecoin (LTC) on CEX, this guide will take you through the process step-by-step.
Before you can buy cryptocurrencies on CEX Exchange, you need to create an account. Visit CEX.io and click on the "Sign Up" button. You'll need to provide your email address, create a strong password, and agree to the platform’s terms and conditions.
After signing up, you must verify your identity to comply with the platform's Know Your Customer (KYC) requirements. You will need to submit a government-issued ID and a proof of address. This verification step can take a few minutes to a few hours, depending on the volume of requests.
Once your account is verified, the next step is to add a payment method. CEX supports several payment options, including:
To add a payment method, navigate to the "Deposit" section of your account. Choose your preferred method and enter the required details. You may need to verify your payment method by providing additional information or documents.
After adding a payment method, you can deposit funds into your CEX account. If you are depositing fiat currency, choose the currency you want to deposit (USD, EUR, GBP, etc.) and the payment method you want to use. Enter the amount you wish to deposit, and confirm the transaction.
If you’re depositing cryptocurrency, simply choose the crypto asset you want to deposit (such as Bitcoin or Ethereum) and follow the instructions to transfer funds from your external wallet to your CEX wallet. Always double-check the wallet address to ensure accuracy.
Once your funds are in your account, it’s time to choose which cryptocurrency you want to buy. CEX Exchange offers a wide variety of cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and many others.
To buy a cryptocurrency, navigate to the "Buy" section of the platform. You’ll see a list of available cryptocurrencies. Select the one you want to purchase and enter the amount you'd like to buy.
CEX Exchange offers two types of orders: Market Orders and Limit Orders.
For beginners, placing a market order is the easiest and fastest way to buy cryptocurrencies.
After selecting the cryptocurrency and entering the amount, you will see a summary of your purchase. Double-check the details, including the price, fees, and the amount you’ll receive, before clicking "Confirm" to complete your transaction.
If you prefer to store your cryptocurrency in your own wallet rather than on CEX Exchange, you can withdraw your funds. To do so, navigate to the "Withdraw" section, enter your wallet address, and select the amount to withdraw. Always double-check the address to avoid mistakes.
By following these steps, you can easily buy cryptocurrencies on CEX Exchange. Whether you’re looking to make a one-time purchase or start trading, CEX provides an easy-to-use platform to get started with cryptocurrency.