CEX.IO is a fast growing multi-functional exchange trusted and used by more than 3 million users worldwide. The company is legal and registered in London in 2013, CEX.IO also has a Money Service Business in FinCEN (Financial Crimes Enforcement Network, USA). This cryptocurrency exchange platform is a means for trading popular crypto-to-crypto and fiat-to-crypto pairs. It has a listing of more than 200 cryptocurrency pairs. CEX.IO is on the top 5 digital asset exchange in CryptCompare’s July 2020 and February 2021 list. See Does CEX.IO Accept Prepaid Cards?
Does CEX.IO Accept Prepaid Cards?
Prepaid cards can be verified and used to make deposits on the CEX.IO but cannot be used for withdrawals as it is not connected to any Bank account., CEX.IO accepts the regular MasterCard and/or Visa cards in any currency. When a card is verified on the platform, you can use it to purchase any coin in a few seconds with a few clicks. You can also use it to withdraw in USD, EUR and RUB within minutes almost instantaneously.
How To Verify Your Payment Card On The CEX.IO Website?
It is important to check the card settings, cart type, payment details CEX.IO service coverage, and account limits when using your card on the CEX.IO before proceeding to add the card.
To add a payment card on CEX.IO follow these simple steps, make sure you already have an account with CEX.IO. if you do not have one yet, you can Sign up here!
Step 1 : Navigate to the top right corner of the website and click on your name.
Step 2: Enter your card details, starting with the card holders name then input your card number and expiry date. Make sure to check the boxes below the page before you proceed.
Step 3: Moving to the next step, you will be required to upload a selfie of yourself holding the payment card. It is important for it to be of good quality and the card information must be visible.
You will also be required to upload a picture/file of your valid identification card together with your payment card on a flat surface. This also needs to be of good quality.
Step 4: Enter your CVV/CVC code located at the back of your card and proceed to the next step.
Step 5: CEX.IO will make a small charge on your card, usually $1 or less, details from your bank will be sent to you. You will need to input the exact amount into the space provided. This payment is only for verification purposes. Click on ‘Proceed’ to finish the verification process.
Step 6: Wait on the CEX.IO compliance department to verify and update your payment card on the platform.
What Are The Limits On Card Payments?
For card payments on the CEX.IO platform, you can buy Bitcoin for 400 USD per day or 2,000 USDin a month. Anyone that wants the limits to be increased, must provide documents for verification purposes. The limits can be increased to 3,000 USD per day and 30,000 USD per month.
What Other Options Of Payment Are Available?
The other payment method available on CEX.IO is Bank Transfer/Payment Method. You can use both methods to deposit United States Dollars (USD $), Euro (EUR €), Great Britain Pound (GBP £) or the Russian Ruble (RUB P) conveniently on the platform.
Why Use The Payment Card, What Are The Benefits?
Due to change in market, it is imperative for a person trading on CEX.IO to make fast decisions and payment. Prepaid card payment methods are usually the best way to do that. They are more convenient, considerably fast and easy-to-use compared to the Bank Payments method.
When you run into issues of your card being declined, it is mostly resolved in minutes by contacting your Bank or checking your card settings on your online banking. Other major issues will require documents and information from you and/or your Bank.
Also take into consideration the card type, payment details and CEX.IO service coverage and account limits whenever you are using a card payment method.
Conclusion
Thus, we saw Does CEX.IO Accept Prepaid Cards? Although CEX.IO does not support prepaid cards being used for withdrawals, it provides very fast and reliable services for cryptocurrency traders worldwide. The support on local currency exchange is a massive step to curb payment limitations. CEX.IO is a great platform for everybody to explore and trade on.
FAQs
What happens when the payment card is declined?
Answer: Contact your bank or change card settings on your online banking. See for more information. Issues will be resolved in minutes.
What is the exchange feature on the platform for?
The exchange feature allows you easily convert funds between one currency and another. You can place a buy or a sell on the currency without hassling, just exchange or convert one currency with another.
