UK based bitcoin startup CEX.IO has launched a new and improved bitcoin buy and sell page to be able to onboard new bitcoin users more easily.
CEX.IO is a bitcoin exchange based in London, where users can buy and sell bitcoins using their online platform. You can buy bitcoins using major credit cards (MasterCard and Visa) or through a bank transfer. CEX.IO also manages and operates the GHash.IO bitcoin mining pool.
In the past, the process for buying or selling bitcoins was too cumbersome, so CEX.IO tackled the issue by making the process streamlined and easy to use, even for beginners.
The new buy and sell page is super-simple to understand. Simply choose if you want to buy or sell, then choose what you are buying or selling (bitcoin or ethereum). Choose an amount or enter a custom amount, and that’s it, you’re done.
To start using this service, make sure to fund your CEX.IO account using a Visa/MasterCard or via a bank transfer first. Prices of all bundles depend on the current market price and are recalculated every 120 seconds.
Last month CEX.IO passed a new milestone, stating that they have had $40 million worth of deposits from bank credit cards across 600,000 users registered on the exchange. Oleksandr Lutskevych, CEO and Co-Founder of CEX.IO, said that “credit cards are still the most common thing in users’ pockets, no matter what country they come from.” Typically the UK exchange moves over ~1000 bitcoins per day on their platform.
Buying bitcoins with your credit card isn’t as hard as it used to be. Just a year or two ago, being able to purchase bitcoin using your Visa, Mastercard, or even a debit card was pretty much unheard of. Most conventional ways which are still used today are through bank transfers, wires, or using cash. However, as time has progressed, bitcoin has grown and has been embraced more globally including by banks.