CEX.io Exchange Review
- World coverage including 24 US states
- Payment Options
- Legal Compliance
|Minimum 1st Deposit||No Minimum|
|Free Demo Account|
|Deposit Methods||Bank Transfer , Credit Card|
|Trading Currency||Bitcoin , Ethereum and many others|
|US Traders Allowed|
- Margin Trading
- 0% user's funds theft
- Time-proven financial stability
- Some bad reviews
- High fees for Credit Cards
Launched in 2013 in London, CEX.io Exchange is a digital currency or asset exchange platform. It is the first official platform, or cryptocurrency exchange, that offers cloud mining services, along with a platform that supports both PC and mobile device functionality. In this CEO.io Review, we will cover how users or traders on CEO.io exchange can trade Bitcoin tokens on multiple level accounts structure with wide coverage and adaptive customer support.
CEX.io provides various services to users on the platform. Some of these services include the purchase of BTC tokens, Ethereum and also the general transfer and trading of BTC tokens. Anyone who is interested either in the trading Ethereum, Bitcoin and altcoins or individuals who see cryptocurrencies as an investment opportunity are using CEX.io exchange. The CEX.io has been referred to as not only one of the oldest Bitcoin exchange but also one of the best. With over one million active users on the platform, it makes it easier for its users to transfer and trade cryptocurrencies using traditional banking transfer systems like credit cards and also direct bank transfers and deposits.
CEX.io is also one of the very few cryptocurrency exchanges that allow users to purchase BTC tokens with their credit cards. One interesting fact about this exchange is that it has a different platform that was designed for professional traders and this platform charges considerably lower fees. The exchange supports four fiat currencies; The British Pounds, US Dollar, Euro and the Russian Rouble.
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The CEX.io platform offers its user two different service functions. To explain better, users or traders on the platform who want to purchase BTC tokens can either decide to make an order on the CEX.io trading platform or with the help of the “fill or kill” request can buy BTC tokens directly. Once the purchase request is made, users will get a specific price and this price is automatically refreshed every 121 seconds by the CEX.io network.
CEX.IO is a registered company with money transmittance permission in all countries in which it operates. In the USA, it is registered with FinCEN, and registered with ICO in the United Kingdom and European Union.
CEX.io Exchange Features
Some of the main features of this platform that makes it stand out from other competitors to include:
1. Security structure. Since its official release in 2013, this cryptocurrency exchange has never been hacked. The platform ensures that it is safe from all attacks, and all important data on the platform are encrypted for added security. Experts have suggested that users use the two-factor authentication technology when setting up the CEX.io account. Also, it is highly advised that you do not store your purchased digital tokens or assets on any exchange.
2. Availability. This is one of the prominent features of the CEX.io cryptocurrency exchange. This platform is available in almost 98% of the countries in the world. This clearly shows that the platform was designed for everyone to use.
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3. Margin trading. For those active traders on the platform, CEX.io provides them with a useful feature which is margin trading. The platform ensures that all accounts that are registered on it are protected.
4. Lower transaction fees. On CEX.io’s trading platform, about 0 to 0.2% of all transactions carried out are charged. To break down the fee structure, for users that make orders, the fee is 0% while for those who receive the orders they can be charged from 0.1% to 0.2% depending on the volume of trading.
5. Trading volume. With over one million active users on the CEX.io platform, it has a high volume of trading. The increase of trading volume is important for any cryptocurrency exchange because it reduces the gap between the buy and sell prices of digital assets or currencies. This clearly means that a high volume of trade does not only make the CEX.io platform faster but also cheaper.
6. Integrates third parties. The CEX.io platform makes it possible for its large users to link their various accounts to their CEX.io account. The platform makes it possible for users to trade, transfer and exchange their digital assets or tokens either through the platform’s website or its mobile application.
CEX.io Exchange Trading Platform
CEX.io has nice and easy to use trading interface and offers the following types of orders:
- Market order
- Limit order
- Stop order
CEX.io on average sees 400,000 active traders per months with the trading volume being one of the largest in the industry.
CEX.io offers an opportunity for algorithmic trading via an API that works very well and is reliable. The exchange doesn’t support cryptocurrency derivates and futures, but it does offer margin trading in a number of trading pairs such as BTC/USD, BTC/EUR, ETH/BTC, ETH/USD. In addition to that, 1:2 and 1:3 leverage is available for Margin Trading.
How to open an account with CEX.io Exchange
Setting up a CEX.io account can be done in three easy steps.
First of all, you have to create an account on the platform. You can decide either to register with GitHub, Facebook or Google Plus. All you have to do is fill in your working email address and set a password for yourself. Before you finally set up the account, you have to agree by ticking the dot beside the Terms and Conditions column. By filling in the reCAPTCHA, you would verify that you are not a robot. Once all these have been completed, you will be logged in and a confirmation email will be sent to the email address you gave during the setup.
After you must have confirmed your account through the confirmation link sent via email, an account which is quite basic will be offered to you. Users that are yet to verify their CEX.io identities will have a Basic Account and their daily limit will be $300 and $1,000 as their monthly trading limit. On the other hand, those, those that have verified their various information and identity will have a Verified Account. Their daily limit will increase to $10,000 and a monthly limit of $100,000.
Individual Business & Corporate Account allows for purchasing an unlimited amount of bitcoins.
CEX.io Exchange Fees
CEXo.io fees are some of the lowest on the market. If you are investing in Bitcoin with a credit card, the fees would be 3.9% + $0.25 per transaction. If you are depositing funds and buying Bitcoin via the bank transfer, the transaction fees are zero (i.e. free).
CEX.io Exchange Customer Feedback
CEX.io after the time it has spent in operation can confidently be described as a real exchange and definitely not a scam. But that said, all is not smooth sailing as there are sections of its customers that complain that issues with regards to withdrawals and balances take some time to be responded to, or even resolved. Despite this, however, there are no reports of customers being cheated out of their hard-earned crypto assets. As such no matter how long it might take, you get your money at the end of the day.
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CEX.io Exchange – Pros & Cons
- Setting up an account on the platform is easy.
- It supports the buying of digital assets or token through credit cards.
- The platform is designed with an advanced trading platform for professional traders.
- Transaction fees on the platform are low.
- It guarantees easy deposit of funds and also the easy withdrawal of funds as well.
- It charges high fees for all deposits made with credit cards
- The identity verification process takes time before it is completed.
CEX.io Exchange Review – Conclusion
Being one of the oldest cryptocurrency exchanges, CEX.io has seen one of the largest trading volumes in the industry. It has easy to use trading platform and user interface, offer API connectivity and margin trading.
However, over the years you can find a number of negative reviews and this is something to keep in mind. While crypto exchange market is unregulated and this industry, in general, is very new, it is normal that some people might have bad experiences and sometimes things might not work properly.
That said, looks like CEX.io is improving its services and remains one of the largest cryptocurrency exchanges in the world. Many people invest in Ethereum, Bitcoin and other altcoins via the CEX.io platform.
While some people may prefer to invest in Ethereum and other cryptos via exchanges, there is also an opportunity to get exposure to the cryptocurrency market via one of the regulated CFD Brokers. You can learn more about alternatives using this broker review.
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