CEX.IO Review: Why To Use CEX.IO Exchange in 2023?

There are many noteworthy bitcoin exchange platforms in the crypto world, and CEX.IO has made an impression as a user-friendly platform for trading major cryptocurrencies. Traders always attain profitable services while availing of services rendered by CEX.IO offers for digital currencies. The trading platforms’ noteworthy features are a wide transfer network, a CEX.IO App with an easy-to-use interface, spot trading, orchestrated margin trading, and profitable global marketplaces under their CEX.IO-supported countries portfolio, to name a few.

CEX.IO Summary

Official Website https://cex.io/
Headquarters United Kingdom
Found in 2013
Native Token None
Listed Cryptocurrency BTC, ETH, BCH, BTG, DASH, LTC, and more
Trading Pairs BTC/USD, BTC/EUR, ETH/BTC, ETH/USD, BAT, and more
Supported Fiat Currencies USD, EUR, GBP, and RUB
Supported Countries 99% All + 48 US States
Minimum Deposit For ETH – 0.001; Other Crypto – 0.0001
Deposit Fees VISA – 2.99%Mastercard – 2.99%
Transaction Fees Maker fees – 0.00% to 0.155%
Taker fees – 0.10% to 0.25%
Withdrawal Fees VISA – up to 3% + $ 1.20Mastercard – up to 1.8% + $ 1.20cryptocurrencies – it varies on each crypto
Application iOS and Android
Customer Support Email and Call Support team

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CEX.IO Review 2022 - Platform InterfaceCEX.IO Review – Platform Interface

CEX.IO is available in select European countries. It is supported in Austria, Bulgaria, Cyprus, Croatia, Czech Republic, Denmark, Estonia, Finland, Germany, Greece, Hungary, Iceland, Ireland, Liechtenstein, Lithuania, Luxembourg, Malta, Netherlands, Sweden, Slovenia, Slovakia, and Spain. CEX.IO serves traders who reside in the European Union and European Economic Area. Furthermore, the Gibraltar Financial Services Commission regulates the exchange platform per the norms set.

Traders can acquire services from the CEX.IO trading platform to enhance their digital currency trading efforts with a secure verification service. The cryptocurrency platform is authoritatively registered with FinCEN (in UK and US). The brokerage service trading platform CEX.IO offers the security of payment methods as it has a PCI DSS certificate of a high level that secures all card data details, as per the General Data Protection Regulation.

Their highly scrutinized security offers 2-factor authentication, storing funds on cold wallets, finance and compliance controls, etc. However, flexible and competitive trading fees apply, and 100+ cryptos & 200+ markets, and counting. Although gaining profit from CEX.IO depends on the skills & background of the person using it, they offer multiple services and ways for users to reach their crypto goals. CEX.IO boasts the award for Best Overall Decentralized Finance (DeFi) Platform in 2023.

About CEX.IO

The cryptocurrency-operated fintech platform CEX.IO started its humble beginnings in the year 2013. Presently, the cryptocurrency exchange firm is assisting and building operations amongst 5 million international clients from its base of operations in London, UK. The platform boasts a whole plethora of features, rather than just existing to buy and sell crypto.

With safety as its top priority, CEX.IO has a great record of keeping its customers’ crypto safe. Along with low trading fees, the exchange offers great features, which include a crypto staking program. However, there are commission fees induced upon deposits and withdrawals.

The fintech-rooted operative CEX.IO was one of the eminent authorizing members of the CryptoUK corporation. CEX.IO strives to intensify the link between the country, the United Kingdoms’ administrative governmental executives, and marquee cryptocurrency firms.

CEX.IO Review - About CEX.IOCEX.IO Review – About CEX.IO

Fintech patrons were offered lucrative services through CEX.IO to trade their fiscal earnings into crypto tokens. The CEX.IO platform has strong tie-ups with reputable banks in prominent marketplaces. Crypto tokens are converted into leading international marketplaces like The United States Dollar, the British pound sterling, the Russian ruble, and the Euro.

CEX.IO renders a diversified array of profitable crypto trading intermediaries for Ethereum (ETH), Bitcoin (BTC), Litecoin (LTC), Bitcoin Cash (BCH), and Ripple (XRP), to name a few noteworthy exchanges for their client’s pursual.

The core purpose of the crypto digital platform CEX.IO is to orchestrate a portal for novice clients into the fintech realm.

The crypto organization CEX.IO has over 300 multi-talented fintech specialists operating in the firm’s international branches in the United States, Ukraine, the United Kingdom of Great Britain, Cyprus, and Northern Ireland.

CEX.IO Review - Featured in Many Media CompanyCEX.IO Review – Featured in Many Media Companies

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From its onset, CEX.IO has built a strong base with eminent financial conglomerates listing themselves with multiple reputable jurisdictions in the American states. A noteworthy alliance of CEX.IO operating in over 30 states in the US is Money Transmitter Licenses and Authoritative firm of US Financial Crimes Money Services Business.

CEX.IO, through their territory into new marketplaces, is rooted in their enhancement for niche fintech clients and administrative fulfillments.

History of CEX.IO

CEX.IO Review - History of CEX.IOCEX.IO Review – History of CEX.IO

The humble origins of CEX.IO took place in the year 2013, when it was first listed in the United Kingdom of Britain. At the onset, CEX.IO, the cryptocurrency exchange platform’s trading past, was known to orchestrate trading mining pursuits of the Gash.IO mining pool and further went on to adopt the Bitcoin cryptocurrency and to be a secure Bitcoin cloud mining provider as well. CEX.IO, at its inception into the fintech realm, was branded as an aid for cloud mining pursuits, a gateway to mining potential, and a Blockchain mining tool for the crypto coin BTC.

A year into the cryptocurrency exchange platforms’ trading past, CEX.IO in 2014 linked the accessibility of crypto exchange purchasing with a user’s debit or credit card processing services. Adding onto their lucrative client offerings, in the year 2015, CEX.IO launched its homegrown, conceptualized, usable mobile app.

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In 2016, adding more crypto products and services to their kitty CEX.IO administered the authority for advanced users to credit their crypto tokens directly to their fiscal credit or debit card. This allowed for an easy trade to garner convertible cryptocurrency exchanges into fiat money. Notably, CEX.IO was the leading fintech platform to orchestrate this payment mode for their clients.

In 2018, a remarkable development took place. CEX.IO, one of the important members of the crypto association, launched CryptoUK. The ideology for bringing CryptoUK to the frontiers was to bridge the gap between the governmental authorities. Thereby, with its EU regulatory framework, it orchestrates a government-authorized blueprint for cryptocurrency exchange firms that want to grow their base in the UK marketplace.

Branching out to new CEX.IO supported countries, in 2019, CEX.IO launched its market base into the territories of the US. With the aid of the US-authorized operatives, they were further able to join an alliance with major operating services to accelerate their offering to other countries worldwide.

CEX.IO Review - Mission of CEX.IOCEX.IO Review – Mission of CEX.IO

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On a more current account, CEX.IO continues to be a powerhouse for its clients. It presently allows clients of the CEX.IO platform the ability to conduct smooth crypto staking with up to 23% staking rewards in accordance with their crypto holdings. As far as investment options go, it is a potential source of passive income that occurs when you store specific coins in your account. Along with its great crypto staking program, the cryptocurrency exchange platform has an instant add-to peculiarity titled Instant Sell. Building on their profitable services, CEX.IO works with reliable payment providers to permit crypto exchanges into a fiat currency with easy accessibility through the homegrown exchange device application or the website.

Key Features of CEX.IO

Payment Method

CEX.IO provides a host of payment options for exchanging or investing user funds. Simply put, CEX.IO offers many deposit or withdrawal methods for traders. They have a user friendly interface that allows the user funds to be converted easily from their bitcoin trading volume or other cryptocurrency exchanges to multiple fiat currencies. The payment methods for deposits and withdrawals are domestic (ACH, SEPA, FasterPayments) and international (SWIFT) bank transfers, e-wallets (Skrill, Epay), Visa and Mastercards, wire transfers, SEPA transfers, and major cryptocurrencies.

Competing Reinforcements for Cryptocurrency Exchange

CEX.IO offers reasonable trading fees for advanced users. These exchange offers listed are curated with high-level and high-frequency professionals in mind. Users receive occasional special offers through the service CEX.IO administrators. You can take advantage of the deposit and withdrawal fees being 0% for free deposits (SWIFT, Domestic Wire Transfer, Faster Payments, Sepa, Epay) and free withdrawals (ACH transfers, Faster Payments, Sepa).

Affiliate programs

The CEX.IO affiliate program gives users a wide range of opportunities to augment their resources. Individuals or enterprises who become partners for crypto affiliate programs can earn rewards with minimum effort, as one would when they stake crypto. The platform offers unique affiliate links to every user when they sign up. The new user then has to advertise CEX.IO, and they will be paid a 30% commission fee for every successful purchase transaction of their referrals. There is no upper limit on the earnings one can make, as the more traction on each partner’s affiliate link, the higher the return. The affiliate cookies will be active for a month so that the user gets a full payout on their investment.

CEX.IO Savings

CEX.IO offers savings accounts with interest rates higher than the interest rates at banks. Traders can earn about a 12% interest rate per annum on certain cryptocurrencies, which with all things considered, is more than the average 1% interest rate on savings for the US Dollar. Traders often conduct fiat-to-crypto transactions to earn interest from the interest rate levied on the exchanges. To achieve the highest return rates, traders seek the CEX.IO Staking option. Traders can earn about a 4% interest rate for Bitcoin and 6% for Ethereum annually with a CEX.IO savings account.

CEX.IO API

Along with the many features mentioned above, CEX.IO allows cryptocurrency traders to utilize free crypto API channels, notably WebSocket (WS), REST API, and FIX API. The CEX.IO API allows traders to:

  • Trade crypto around the clock, even offline with cold storage systems
  • Allow automated crypto trading strategies
  • Receive real-time and historical market data from the crypto exchange
  • Get notified of your balance and transactions
  • Integrate third-party trading terminals and crypto trading bots for automated trading

CEX.IO Review: Pros and Cons

Pros Cons
Transfer user funds to most countries’ marketplaces that CEX.IO supports in Europe, the United States, Africa, and the Middle East The exchange still has to reach and obtain the approval of a host of international currencies.
Users can use a bank transfer (like SWIFT, SEPA, and ACH) and pay with cards (Visa and Mastercard). CEX.IO doesn’t provide brokerage services.
Provides Email based assistance for transactions. CEX.IO is a great choice for traders new to cryptocurrency investing.

Traders can benefit from spot trading, commission free margin trading, crypto staking, earn interest, and the exchange’s mobile app for on-the-go trading. CEX.IO levies competitive commissions for makers and takers, offering special deals for high-volume traders.

The platform is known to have lower liquidity than other global crypto exchanges.

CEX.IO Registration Process

Registration Process @CEX.IORegistration Process @CEX.IO

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Filing details and contact information are required to commence your trading venture. The account verification process for fund deposits and withdrawing crypto is seamless with the platform offered and administered by CEX.IO.

Primarily, investors need to fill in the name of their CEX.IO supported countries’ details and email details and submit a proof of identity document to curate a personalized password.

The second stage is to read and review the Privacy Policy and Terms of Use sanctioned and authorized by the platform. After which, an account can be generated.

After this personal account generation is complete, the investors need to authorize the email address and verify their email account, thereby leading them to access CEX.IO offers.

CEX.IO Payment Methods and Their Fees

The CEX.IO fee structure for debit and credit, along with deposit and withdrawal fees, have a different valuation for the Greater Britain marketplace. These include transaction fees, among other fees. Faster payments are available to British consumers for GBP deposits and withdrawals. Let’s take a look at the different fees CEX.IO offers to buy Bitcoin, Basic Attention Token,  and other cryptocurrencies:

For VISA, the Deposit fees are 2.99% in USD and GBP. Regarding VISA card withdrawal fees, it is up to 3% + $ 1.20, and the commission charge is up to $ 3.80.

For Mastercard, the CEX.IO trading fees during deposits are 2.99% in USD and GBP currency. In regards to Mastercard withdrawals, the service charge is up to 1.8% + $ 1.20. For commission, the CEX.IO fees for Mastercard are up to 1.2% + $3.80.

The CEX.IO fee structure for cryptocurrencies: Bitcoin CEX.IO fees for user withdrawal is 0.0005%, and Binance USD (BUSD) is 40%. DASH, Litecoin, and (ETH) all three share the same CEX.IO fee structure for user withdrawal. For the crypto exchange Uniswap (UNI), the transaction tariff for user withdrawal is 1%, SushiSwap (SUSHI) is at 2.5%, and Polkadot (DOT) is at 0.1%.

However, check the below Maker and Taker fees table to know about the Transaction charges based on your 30-day trade volume for all pairs:-

Trade Volume 30d, USD Taker Maker
≤ 10,000 0.25% 0.15%
≤ 100,000 0.23% 0.13%
≤ 500,000 0.19% 0.09%
≤ 1,000,000 0.17% 0.07%
≤ 2,500,000 0.15% 0.05%
≤ 5,000,000 0.13% 0.03%
≤ 10,000,000 0.11% 0.01%
≤ 20,000,000 0.10% 0.00%
≤ 50,000,000 0.08% 0.00%
≤ 100,000,000 0.07% 0.00%
≤ 200,000,000 0.06% 0.00%
≤ 500,000,000 0.05% 0.00%
≤ 1,000,000,000 0.04% 0.00%
≤ 2,000,000,000 0.03% 0.00%
≤ 5,000,000,000 0.02% 0.00%
> 5,000,000,000 0.01% 0.00%

With these trading volume pairs covered, let’s look at the services offered by CEX.IO.

List of Services Offered by CEX.IO

CEX Direct

CEX Direct for Advanced CustomersCEX Direct for Advanced Customers

The third portfolio CEX.IO offers is ‘CEX Direct’ for advanced users. Monsey service businesses can give investors a smooth admittance to the account verification process, trading crypto, payment methods, deposits, bitcoin, gold withdrawals of funds, and other exchanges.

CEX Loan

If you are a new user starting in the crypto industry, CEX.io will be a good fit for you. The reason is CEX.io is now offering crypto backed loans. They accept various deposits, and multiple digital assets can be kept as collateral. Be aware of the risk involved in processing crypto backed loans, especially in case of defaults. They also warn about the volatility of the crypto prices, which might lead to a drop in the value of the crypto assets, which may further lead to their complete liquidation. Also, in case there is a shutdown or crash of the CEX.io platform, then the borrowers will not be able to complete the crypto loan processes or access their personal account.

Upcoming features on CEX.IO

The CEX.io website has several new lucrative features. The word in the market is that they will be launching their own customized top crypto wallets for all users so that crypto transactions can be executed in little time. They will also be expanding their range of supported cryptocurrencies. Furthermore, it is expected that they will make the provision for business custody available in the near future. They might serve as security solution providers for the storage and safety of crypto assets.

Buying Limits of CEX.IO

Regarding fiat currency, the user can opt for varied deposit types from the account tier. Each account has different withdrawal limits. Starting with the basic accounts in the identity tier, users on a daily account can deposit fiat funds of $3,000.00. Whereas the daily withdrawal limit is $10,000.00. On a slightly advanced tier known as the High-risk two-factor, users on a daily account can deposit fiat money of $10,000.00, and the daily withdrawal limit in this tier is 10,000.00.

The third tier, ‘Enhanced,’ helps advanced users leverage at a momentous rate regarding their deposits and withdrawals. Users can deposit unlimited funds, and the daily withdrawal has no limitations for other leading exchanges on their daily account balance in the enhanced tier.

The last selection is the fourth tier, titled ‘Corporate.’ This tier has limited withdrawals and deposits to trade crypto and other exchanges.

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On a daily basis, debit and credit card users of Visa and Mastercard, the most prominently used ones, can deposit funds from $20 to an unlimited amount. Regarding the withdrawal limits for Visa and Mastercard debit and credit card users, they are authorized to withdraw money from $20.00 to $50,000.00 funds (VISA) and $20.00 — $2,500.00 funds (Mastercard). Deposits can be subjected to a service fee depending on the deposit amount.

These point out how much crypto traders can buy crypto. But there are limits to buying crypto; let’s take a look at them.

The Limits for Cryptocurrency Exchanges Administered by CEX.IO:-

Some of the most popular crypto exchanges have certain restrictions when traders have to buy crypto or even sell them. The following limit orders are some of the deposit and withdrawal limits they entitle to the users.

  • For Binance USD (BUSD), the limitations are 1% for deposit funds and 4% for withdrawals.
  • For Bitcoin (BTC), the deposit funds limits are 0.0001% and 0.002% for withdrawals to buy and sell bitcoin.
  • For Dash (DASH), the deposit funds limits are 0.0001% and 0.1% for withdrawals.
  • For Ethereum (ETH), the deposit funds limits are 0.001 and 0.02% for withdrawals.
  • For Polkadot (DOT), the deposit funds limits and withdrawals are both 1%, respectively.
  • For SushiSwap (SWAP), the deposit funds limits are 2% and 3% restriction for withdrawals.
  • For Uniswap (UNI), the deposit funds limits are 0.02% and 1.5%, respectively.

User Experience on CEX.IO Exchange

CEX.IO is the most pristine cryptocurrency platform on a global scale. Being one of the most popular crypto exchanges, CEX.IO satisfies crypto investors as a bitcoin broker and a trading platform combined. It includes an array of supported cryptocurrency assets on its CEX.IO offers, and major crypto networks Ethereum (ETH), Bitcoin Cash (BCH), Polkadot (DOT), and Bitcoin (BTC) exchanges are rendered to investors.

It is a user friendly trading platform that provides analytical trading tools and allows new users and professional or experienced traders to access their accounts for deposits and withdrawals through their debit cards or credit cards. It is also designed for those who want to trade cryptocurrencies, including spot trading and margin trading. From 2019, it has implemented a lucrative offer of commission free margin trading for those traders who want to pursue margin trading exchanges with CEX.IO offers rendered through CEX.IO Broker. It aids investors and can administer trading CFDs.

Performance of CEX.IO Mobile App

CEX.IO Review - CEX.IO Mobile AppCEX.IO Review – CEX.IO Mobile App

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CEX.IO offers users its homegrown performance app, the CEX.IO mobile application. The app is a huge asset for crypto traders to administer deposits and withdrawals on the go from any corner of the world from their bank account. CEX.IO has mobile apps available for both iOS and Android. The CEX.IO app aims to have an accessible passageway for fintech users and execute crypto funds or fiat currencies without any hassle. The trading history presented allows tracking the users’ crypto records. The whole portfolio of the CEX.IO group is accessible on the mobile platform as well. With the app, traders can easily profit from stackable crypto tokens in their respective accounts.

Features of CEX.IO AppFeatures of the CEX.IO App

Adding to the suitable core benefits, the performance app by the bitcoin exchange platform CEX.IO offers notifications for orders activated, price alerts for market price changes, consumer support, and security notice with full data encryption. Traders also enjoy the benefits of exchanging with currency pairs on the mobile app.

CEX.IO Regulation and Security

The stackable crypto exchange platform CEX.IO during the registration process, abides by robust security verification levels for debit card or credit card transactions. During the bank transfer, the user has to register for two-factor authentication: KYC and AML procedure. These security features link CEX.IO supported countries’ bank guidelines with all due diligence. This, in turn, effectively keeps your account secure.

Security Features of CEX.IOSecurity Features of CEX.IO

With the identity verification process, CEX.IO offers users a trading platform that aims at ruling out illicit transactions. It enhances the bitcoin wallet and bank account safety. To trade cryptocurrencies, CEX.IO offers a Listing and Delisting process to safeguard businesses and users trading cryptocurrencies. The platform administers a regulatory process and a genuine delisting process.

During trading, CEX.IO offers boundless accountability and reporting that are included in the regulatory approval process. This feature assists traders and warrants user funds. Additionally, the platform contributes to a robust high risk administration process. If any malpractices occur, their reserved revenue will credit to the user as a reserve feature to shield the user from the illicit trading consequence.

The CEX.IO crypto payment method shields user funds with effective security protocols. Their safeguarded nature is designed to have risk warnings from DDoS attacks. Other securities include full data encryption, PCI DSS criteria agreements, offers two factor authentication (2FA), crypto exchange, and cold storage systems. Traders can relax knowing CEX.IO will keep their cryptocurrency safe.

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CEX.IO Review: Customer Support

CEX.IO offers customer support via their support team through the user’s basic account at any time, when they buy and sell cryptocurrency, when traders seek independent financial services through the CEX.IO mobile app, and while users can trade popular cryptocurrencies or during margin trading activities; Professional and experienced traders can contact CEX.IO customer support team through calls, software app, or email.

Closing Thought – Is CEX.IO Trustworthy?

CEX.IO comes across as the most trusted platform in the market today. The user-friendly trading platform CEX.IO reviews have been positive. Mainly the Trustpilot reviews have been illustrated by business owners, verified accounts, and an array of experienced traders, labeling the platform with a good reputation. The bottom line – this platform is leveraged for crypto traders as it provides excellent security for all their CEX.IO-supported countries and imposes very economical CEX.IO Fees.

However, we can also conclude with a final verdict that CEX.IO comes under the best crypto exchanges, and their mobile app gives the user ability to check on their funds on a minute-to-minute basis making the platform a great medium to instantly buy cryptocurrency, sell cryptocurrency, and trade crypto and orchestrate more payment methods according to the market.

This review has all the information you need to start trading with CEX.IO today, and don’t miss out on the many features the best crypto exchange has to offer. A good fit for new and experienced traders alike!

FAQs

Is CEX.IO Safe?

The crypto exchange platform CEX.IO is safe and legit, as it has been registered with the Financial Crimes Enforcement Network (FinCEN) of the USA as a Money Services Business, making it a secure platform for business. In the United Kingdom, they applied for a license in 2020, and the Financial Conduct Authority (FCA) has granted them a temporary license for conducting business in crypto assets.

The Company also protects users with a level two DSS certificate. This indicates that the site is reliable in processing data for payment cards securely. All in all, CEX.IO ensures to keep your crypto safe with the necessary steps taken and legal requirements carried out in order.

Is CEX.IO Regulated?

Yes, CEX.IO is a regulated cryptocurrency exchange platform, with the platform attaining licenses to carry out smooth crypto trading with crypto assets.

Is CEX.IO a Wallet?

CEX.IO offers crypto trading investors much more than administering a crypto wallet to its users. While the crypto exchange is the main precedent of the trading platform, it also enhances the investor’s security within its digital CEX.IO wallet operation. Actioning a double authentication from the users results in accelerating the security of the user’s funds even more.

Where Is CEX.IO Located?

CEX.IO is a cryptocurrency exchange that specializes in cross-platform trading and is located in London, UK.

Has CEX.IO Been Hacked?

No, as CEX.IO’s priority is the user’s security, and till now, the platform has maintained it and has never gotten hacked.

How Long Does CEX.IO Identity Verification Process Take?

The identity verification process of CEX.IO can take 1 to 24 hours with proof of identity, such as an ID card. The user is then notified upon verification.

Does CEX.IO Require SSN?

Yes, if you are a US resident, then you have to provide your Social Security Number (SSN) as per the issued identity document for submitting your identity verification application.

How Long Does It Take to Withdraw From CEX.IO?

When a user administers a withdrawal within the trading platform CEX.IO the application status is processed in a 24-hour time period for trading days. Following the process of depositing user funds, the investment unit of CEX.IO coordinates with the user’s bank to abide by the existing protocols laid out.

How Do I Deposit Money Into CEX.IO?

To benefit from the CEX.IO offers and administer bank transfers through the website, the user needs to fill in their details on the Finance sub-page. After filling out that form, the user needs to agree to the deposit button on the Finance page. In the third functionality, the traders register the deposit funds and add the CEX.IO supported countries’ fiat currency valuation.

After this basic procedure, the user must register for the QWI payment method. The last process for deposit funds is completed after the user has registered their contact number with the CEX.IO supported countries code and then register by clicking the Proceed request operation.

Can I Use CEX.IO in the USA?

Yes, crypto investors based in the USA can avail of CEX.IO offers in 28 verified states. The brokerage service trading platform is planning its expansion to the remaining states.

Can I Use Someone Else’s Card on CEX.IO?

For user card payments on the crypto platform, card deposits and withdrawals can only be administered by the CEX.IO cardholder.

Is CEX.IO Better Than Coinbase?

As per our quest to find the best crypto exchange, we can say that Coinbase has a better user experience than CEX.IO, but that does not mean one can not opt for CEX.IO. It also has many unique features that everyone should start exploring.

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