CEX.IO cryptocurrency exchange – buy and sell bitcoin

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Buy and sell bitcoins with US dollars, euros and Russian rubles on CEX.IO.

Bitcoin is one of the more interesting ways to make a money transfer. To use it, you’ll need to leverage a bitcoin platform like CEX.IO.

CEX.IO is a London-based cryptocurrency exchange on which you can buy, sell and trade bitcoin, ethereum and litecoin. CEX.IO supports fiat currencies — government-issued and -regulated money — like the US dollar, euro and Russian ruble, which you can use to buy and sell cryptocurrencies.

How can I send a transfer through CEX.IO?

Here’s how you send a money transfer with bitcoin:

  • You use fiat currency to buy bitcoins. Use US dollars, euros or Russian rubles on CEX.IO’s Buy/Sell page.
  • You transfer the bitcoins to your recipient. Simultaneously withdraw your bitcoin while sending it via CEX.IO’s voucher system.
  • Your recipient sells the bitcoins for fiat currency. Again, US dollars, euros or Russian rubles.
  • Your recipient withdraws the fiat currency from their bitcoin platform. CEX.IO allows withdrawals to bank accounts or even credit cards.

How much can I send through CEX.IO?

When buying bitcoins on CEX.IO, you need to purchase a minimum of 0.01 XBT with a maximum of 10 XBT. The limits are the same for selling bitcoins.

You can withdraw an unlimited amount in bitcoins. This means you can send as many bitcoins to your recipient as you’d like.

However, for fiat currencies, deposit and withdrawal limits vary depending on the type of account you have:

  • Basic account. Maximum of $500 daily and $2,000 monthly
  • Verified account. Maximum of $10,000 daily and $100,000 monthly
  • Verified Plus and Corporate accounts. No limit

Because of these rules, the amount you can send to your recipient will be limited by the type of account you hold.


Because bitcoin is a decentralized currency, the standards that dictate how to refer to it are still forming.

In its earliest days, bitcoin’s currency code was CBT. With its growing acceptance as a legitimate currency, the International Standards Organization (ISO) has since designated bitcoin’s notation as XBT. As bitcoin’s legitimacy (and the general public’s interest in it) increases, you’ll continue to see references to both CBT and XBT.

How much does it cost to transfer money with CEX.IO?


Credit card3.5% + $0.25
Bank transferNo commission
Crypto Capital (for bitcoin)No commission

Sending bitcoins

You can transfer bitcoins among CEX.IO accounts by using the platform’s voucher system. This comes with no fees.

Buying and selling

For buying and selling, CEX.IO charges 7% of the amount traded in fiat currency.

Exchange rate

Exchange rates on CEX.IO are based on the platform’s market activity. Traders on CEX.IO buy and sell bitcoin; at the same time, the exchange rate will fluctuate.

Though the exchange rate can change, you’ll typically find that it’s within 0.5% to 2% of the mid-market rate.

What is the mid-market rate?

The mid-market rate is what your money’s actually worth on the global market compared to another currency. It’s the midpoint between worldwide supply and demand for that currency — and the rate banks and transfer services use when they trade among themselves.Use it as a baseline to compare against the rates provided by your bank or transfer service.

Withdrawing fiat currency

Mastercard1.2% + $3.80
Bank transfer$50
Crypto Capital1%

What fiat currencies can I send through CEX.IO?

  • US dollars
  • Euros
  • Russian rubles

Pros and cons


  • You can withdraw fiat currency to a credit card.


  • Bitcoin-based money transfers can be compilcated.
  • High fees for buying and selling bitcoin.
  • Bank withdrawals can be expensive.

What other products does CEX.IO offer?

CEX.IO is a trading platform, so you can trade currency pairs like bitcoin/US dollars, litecoin/bitcoin and bitcoin/euros.

Go to CEX.IO's website

Frequently asked questions

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2 Responses

  1. Default Gravatar
    MichJune 6, 2017

    Can we in New Zealand use CEX.IO to buy bitcoin?

    • Avatarfinder Customer Care
      AdrienneJune 12, 2017Staff

      Hi Mich,

      You can certainly use CEX.io to buy bitcoin from New Zealand, however you must place your purchase using US dollars or Euros.



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