CEX.io Exchange Review
In this post we give a non biased review of the Crypto Exchange CEX.io and share details about features, fees and an overview of their site.
Disclaimer: Under NO circumstance should this review be interpreted as a recommendation to trade or an endorsement of a trading platform, supplier or of a specific cryptocurrency.
CEX.io Exchange Review – QUICK NAVIGATION
QUICK FACTS – CEX.io Exchange
Type: Trading platform/crypto exchange
Founder: Oleksandr Lutskevych
Headquarters: London, UK
CEX.io Exchange Review:
Overview of CEX.io
CEX.io have been around since 2013 and are one of the veterans in the crypto exchange markets. Originating in London as a Bitcoin exchange and cloud mining provider. In January 2015 after closing down the cloud mining operations which means CEX.io now only operates as a cryptocurrency exchange.
The UK based company claims that it “places a great effort into developing and maintaining robust relationships with dozens of reputable banks across the key markets”, which is why CEX.io was one of the first platforms to offer fiat to cryptocurrency exchanges
Currently, CEX provides a variety of trading options for Bitcoin, Bitcoin Cash, Bitcoin Gold, Ethereum, Ripple, Stellar, Litecoin, Tron, Ontology, to name just a few assets. You can trade these cryptocurrencies for USD, EUR, GBP, and RUB.
CEX.io is registered in London UK and has offices in New Jersey USA
CEX.io Exchange Bonuses: Sign up bonus
CEX.io provide a basic referral programme where you can earn up to 30% of exchange transactions for users you bring to the platform.
Trading on CEX.io
Trading is quite a simple procedure on cex.io.
Follow the steps below to buy Bitcoin:
- Log into your CEX.io account.
- Select the option ‘Buy Bitcoin with VISA or Mastercard’.
- Select one of the supported fiat currencies, these are located in a drop-down menu on the right-hand side of the screen
- You will now need to select your digital currency which is located on the left hand side of the screen
- Select to either buy a bundled amount of an individual amount, click Buy
- You will then be required to add your payment details
In 2019 CEX.io opened a dedicated margin trading service called CEX.io Broker.
Fees on CEX.io
Fees on the cex.io exchange are on the medium side for the trading platform but quite high for the brokerage service.
A transaction fee is based on a 30-day trade volume for all pairs, which is recalculated at 00:00 (GMT) every day and includes the current day`s trades.
|Trade Volume 30d, BTC||Taker||Maker|
Withdrawal on CEX.io
Just follow the step by step guide to make a withdrawal on Cex.io.
- Click on the ‘Withdraw’ link on the top right of the page.
- Select the withdrawal payment method (Payment card/bank transfer/Crypto capital).
- Select the currency (EUR, GBP, USD, RUB or BTC) and enter the amount. Click on the ‘Withdraw’ button to place your withdrawal request. If you would like to withdraw your funds in BTC, then you should enter a valid wallet address.
- You should receive a confirmation email from the CEX.io. Click on the link within that email and authenticate the transaction using 2FA in order to process your withdrawal request.
Once your transaction is processed, the funds should be transferred to your chosen payment method. The processing time will vary depending on the payment option.
User Experience on CEX.io
It is not that difficult to get around the Cex.io website although experienced traders do have the upper hand. The brokerage service is recommended for beginners but it does have rather high fees.
Charts are quite easy to use and are customisable. There’s only a light option however.
CEX.io supports the following cryptocurrencies for buying via the brokerage service: Bitcoin (BTC) Ethereum (ETH) Ripple (XRP) Bitcoin Cash (BCH) Bitcoin Gold (BTG) Dash (DASH) Ontology Gas (ONG) Cardano (ADA) Neo (NEO) Gas (GAS) Cosmos (ATOM) Basic Attention Token (BAT) Tezos (XTZ) Matic Network (MATIC) Stellar (XLM) Litecoin (LTC) Tron (TRX) BitTorrent (BTT) MetaHash (MHC) Ontology (ONT)
You can use the following cryptocurrency for trading: Bitcoin (BTC) Ethereum (ETH) Ripple (XRP) Bitcoin Cash (BCH) The mentioned cryptocurrencies can also be traded between themselves (e.g. BTC/XRP, ETH, BCH, etc.)
You can use the following cryptocurrencies for depositing : Bitcoin (BTC) Ethereum (ETH) Ripple (XRP) Bitcoin Cash (BCH) Litecoin (LTC) Tether (USDT) Tezos (XTZ) Matic Network (MATIC) Basic Attention Token (BAT)
Apart from the usual cryptocurrency trading platform, CEX.io also offers a brokerage service.
Cex.io is quite easy to use on mobile
Two factor authentication is applicable during all processes on CEX.io
CEX.io is headquartered in London with an undisclosed number of employees. They use a brokerage service apart from the normal trading platform. Wallet security is excellent and they are licensed both in the UK and the USA. CEX is a privately owned company.
Support & Social
Support is quite detailed although it is mainly based on blog tutorial articles. There are a number of videos online but very little in way of social media support.
Our Rating of CEX.io
CEX looks like a pretty strong exchange, the only negative being the high fees they charge for their brokerage service. However if you are a more advanced user, you can cut a large portion on fees by using the trading platform rather than the brokerage service.
Over the past year CEX.io has soared towards the top and became of the leading cryptocurrency exchanges. The interface makes buying and trading very simple for both new customers as well as experienced buyers