September 21, 2019 Finance and Tech Publication

This Is How CEX Protect Your Bitcoin

CEX allows digital currency traders to do more with the Platform. Subscribe to newsHookers.

CEX Metrics

View live financial and business metrics of CEX.

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The Thesis

Founded in 2013, CEX is one of the early digital currency exchange platforms in the history of blockchain. The company offers a wide range of features and functionalities such as but not limited to user onbording and verification via the Telegram Passport system, wire transfers, and end-to-end encryption solutions for more than two million users.

The Hook

  • Firstly, CEX gives both its users and Telegram members to onboard and verify their identity without registering using the Telegram Passport system.
  • Secondly, the company allows its users to deposit from and withdraw to their bank accounts.
  • Thirdly, the digital currency exchange platform protects its users against various attacks using end-to-end encryption.

How to Passport Your Account

Before anything else, CEX integrated its trading platform with the Telegram Passport to ensure its users are easily verified using the micro-messaging app they are already familiar with, which on the long run is expected to enrich their onboarding experience. Further, the instant messaging giant currently sits on more than 200 million monthly active users, which is believed to be a huge benefit for CEX to boost its user base.

Elaine Neal, product manager, CEX, commented, “To pass verification using the Telegram Passport service, the user should choose the Verification via Telegram Passport option on the CEX.IO sign-in page, and then Telegram will ask to authorize the personal information and redirect to CEX.IO verification page with automatically prefilled fields from Telegram user’s personal data. After the phone number and email address are confirmed, the user is redirected to the verification page. Soon we will also add the possibility to use documents uploaded to Telegram Passport for verification on CEX.IO.”

Furthermore, CEX is among the first set of digital currency exchanges to integrate the Passport feature, which enables a seamless user verification and onboarding process for established sharing economy platforms and blockchain startups. Also, providing an option for more than two million users to onboard and verify their identity via Telegram is reported to enable convenient access to the exchange platform for Telegram users.

How to Wire Your Funds

In the second place, CEX allows digital currency traders, who are verified users to seamlessly fund their account with a wide variety of options such as bank transfers. To illustrate, the exchange platform recently launched a wire transfer feature to enable its users to fund their account with any of USD, EUR, and GBP directly from their online banking system.

Oleksandr Lutskevych, chief executive officer, CEX, said, “As one of the few crypto exchanges that support fiat, we are devoted to making bank transfers secure and fast for our clients. We believe that the newly launched wire transfers on CEX.IO will enable our users to manage their funds more conveniently and improve their experience.”

In addition to that, the feature was launched to make the processing time of bank deposits and withdrawals significantly shorter and cheaper for its users, moreover, there is a special bonus based on the bank deposits amount. While users, who fund their account with $3,000 to $9,999 get a 1 percent bonus, those with more than $10,000 deposit enjoy 0 percent trading fee for up to 30 days.

How to Protect Your Funds

Last but not least, CEX, the exchange platform offers robust features such as allowing its users to fund their account with debit cards, which is believed to allow more people access to trading digital currencies. By way of illustration, users can easily buy digital currencies using either their Visa or Mastercard, however, there is a limitation on the maximum amount to be loaded per transaction.

Oleksandr Lutskevych continued, “Being one of the pioneers in crypto, CEX.IO stands for any advancement serving as a driver of progress. We support any changes that benefit our users and the whole crypto community.”

There is more to that, CEX was founded to introduce digital currency to as many people as possible. A good case study is the company’s customer experience that provides fast, reliable, and secure communication for its users, not just that, CEX is currently available in hundreds of countries including 24 states from the United States, where end-to-end encryption is being leveraged to protect its users against DDoS attacks.

CEX Metrics

View live financial and business metrics of CEX.

Keep in mind, a representative of the company wasn’t immediately available, however, the story is developing, so kindly check back for updates. In the meantime, you too can — Subscribe to newsHookers!

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