Get ready to experience a cryptocurrency exchange that’s got the whole package. From CEX.IO’s vast selection of tradable cryptocurrencies to its top-of-the-line security measures, this platform is one of the best in the crypto world.
But what sets CEX.IO apart from the competition is its dedication to making things easy for users. Whether you’re a seasoned trader or a newcomer to the crypto world, the intuitive interface and transparent fee structure will make it easy to navigate the platform.
So, let’s dive into the CEX.IO review to see why it’s one of the top crypto exchanges.
What Is CEX.IO?
CEX.IO is a popular crypto exchange platform. It’s known for its user-friendly interface, security features, and wide range of trading options. Established in 2013, CEX.IO supports multiple payment methods, including credit and debit cards, bank transfers, and crypto deposits.
With CEX.IO, you can trade in multiple cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and Dogecoin, among others on the CEX.IO coin list. The platform also offers a wide range of trading pairs, including BTC/USD, ETH/USD, LTC/USD, and DOGE/USD. Additionally, you can trade cryptocurrencies against each other, such as BTC/ETH, LTC/BTC, and DOGE/BTC.
Last but not least, the CEX.IO wallet allows you to store your cryptocurrencies safely. The platform uses cold storage to store the majority of funds, which means that your funds are kept offline and protected from potential hacking attempts.
How to Open an Account at CEX.IO
If you’re interested in using CEX.IO to trade cryptocurrencies, you need to create an account. The process is straightforward. Here are the steps:
- Visit the CEX.IO website and click the “Register” button;
- Enter your email address and choose a password;
- Verify your email address by clicking on the link sent to your email;
- Complete the KYC procedure by providing your personal information and proof of identity;
- Fund your account by choosing a payment method.
Once you have completed these steps, you can start trading cryptocurrencies on the platform. It’s important to note that CEX.IO has strict KYC requirements, so you’ll need to provide personal information and proof of identity before you can start trading. This is done to ensure the platform’s security and prevent fraudulent activity.
Is CEX.IO Safe?
CEX.IO takes security seriously and has implemented several measures to protect users’ funds and personal information.
One of the essential security measures that CEX.IO uses is two-factor authentication (2FA) for login and withdrawal. This means you’ll need to provide a code and your login credentials to access your account or withdraw funds. CEX.IO also uses SSL encryption to protect user data and stores most funds in cold storage, meaning they’re kept offline and protected from potential hacking attempts.
CEX.IO also has a dedicated team of security experts who continuously monitor the platform for potential threats. The platform allows users to enable IP whitelisting, which restricts account access to specific IP addresses. Users can also set up automatic session logouts and receive email notifications for account activity.
Finally, CEX.IO is a registered company in the United Kingdom regulated by the Financial Conduct Authority (FCA) and the United States Financial Crimes Enforcement Network (FinCEN). This means the platform must comply with strict regulatory requirements to protect users’ funds and personal information.
Once you’ve opened an account on CEX.IO, you can access a user-friendly dashboard to manage your account and track your trading activities. The dashboard provides real-time market data, order history, and transaction history. You can also set up price alerts to stay informed about market movements.
CEX.IO offers several account management features, including setting up recurring buys. This allows you to purchase cryptocurrencies on a set schedule, which can be helpful if you want to invest in cryptocurrencies regularly. You can also set up a stop order to sell your cryptocurrencies automatically if the price drops below a certain threshold.
In addition to the desktop platform, the CEX.IO app is available for iOS and Android users. The mobile app provides real-time market data, trading charts, and order history, which makes it easy to manage your account on the go.
CEX.IO also offers a wallet service allowing you to store your cryptocurrencies safely. The platform uses cold storage to store most funds, which means that your funds are kept offline and protected from potential hacking attempts.
CEX.IO Staking Services
If you’re interested in earning passive income on your crypto holdings, CEX.IO offers staking services for popular coins like Ethereum, Cosmos, Ada, and Tezos. With staking, you can hold and validate transactions on the network and earn rewards through additional coins or tokens.
CEX.IO makes staking easy and accessible by allowing you to stake your assets directly from your account. You don’t need any technical expertise, as the platform takes care of all the technical aspects of staking, such as node maintenance and software updates.
Staking rewards on CEX.IO vary depending on the cryptocurrency and network conditions. Still, you can earn a percentage of your staked assets as a reward for helping secure the network.
CEX.IO Fees and Pricing
When trading cryptocurrencies on CEX.IO, you need to know the fees associated with buying, selling, and trading. CEX.IO bases its trading fees on your 30-day trading volume and uses a maker-taker fee model. If your order is filled immediately, you’ll be charged a taker fee. You’ll be charged a maker fee if your order isn’t filled immediately.
Here’s the CEX.IO fee schedule for up to $100 million in 30-day trading volume:
|30-DAY TRADING VOLUME||30-DAY TRADING VOLUMECEX.IO MAKER FEES||CEX.IO TAKER FEES|
|Up to $10,000||0.15%||0.25%|
|Over $10,000 to $100,000||0.13%||0.23%|
|Over $100,000 to $500,000||0.09%||0.19%|
|Over $500,000 to $1,000,000||0.07%||0.17%|
|Over $1,000,000 to $2,500,000||0.05%||0.15%|
|Over $2,500,000 to $5,000,000||0.03%||0.13%|
|Over $5,000,000 to $10,000,000||0.01%||0.11%|
|Over $10,000,000 to $20,000,000||0.00%||0.10%|
|Over $20,000,000 to $50,000,000||0.00%||0.08%|
|Over $50,000,000 to $100,000,000||0.00%||0.07%|
|Over $200,000,000 to $500,000,000||0.00%||0.05%|
|Over $500,000,000 to $1,000,000,000||0.00%||0.04%|
|Over $1,000,000,000 to $2,000,000,000||0.00%||0.03%|
|Over $2,000,000,000 to $5,000,000,000||0.00%||0.02%|
In addition to trading fees, CEX.IO also has fees associated with deposits and withdrawals. The fees depend on the payment method used and can include deposit fees, withdrawal fees, and commissions. Here’s the CEX.IO fee schedule for deposits and withdrawals according to the most popular payment methods (you can find more on the official website):
|PAYMENT METHOD||CEX.IO DEPOSIT FEES||CEX.IO WITHDRAWAL FEES|
|Visa||2.99%–3.99% + service charge||Service charge: Up to 3% + $1.20. Commission: Up to $3.80|
|Mastercard||2.99%–3.99% + service charge||Service charge: Up to 1.8% + $1.20. Commission: Up to 1.2% + $3.80|
|PayPal||1.49% for UK residents
2.99%–3.99% + service charge
|Service charge: 1% + $5. Commission: 2% (maximum $16)|
|Google/Apple Pay||2.99%–3.99% + service charge||Not available|
It’s important to note that the fee structure for deposits and withdrawals can be complicated and vary depending on the payment method.
When using any cryptocurrency exchange, it’s important to have reliable customer support in case of any issues. CEX.IO customer support is available through email, live chat, and an online support center, which is quite versatile.
The online support center provides answers to frequently asked questions and also has a knowledge base that covers a range of topics related to using the platform. If you can’t find the answer to your question, you can submit a support ticket, and the CEX.IO support team will get back to you as soon as possible.
In addition to the online support center, CEX.IO also has a live chat feature that’s available 24/7. This can be a great option if you need immediate assistance or have a quick question. The live chat feature is located at the bottom right-hand corner of the website, and you can expect to receive a response within a few minutes.
Unfortunately, at the time of writing this CEX review, customer support wasn’t available by phone, but this is typical for cryptocurrency exchanges.
When choosing a cryptocurrency exchange, it’s important to look at customer reviews to get an idea of other people’s experiences using the platform. CEX.IO has mostly positive customer reviews online.
Some customers praise CEX.IO for its user-friendly interface, a wide selection of cryptocurrencies, and fast transaction times. Others have mentioned the platform’s complicated deposit and withdrawal process.
Despite some negative comments, CEX.IO reviews are mostly positive and come from customers who are satisfied with its range of features and overall reliability. However, it’s important to note that no exchange is perfect, and you should do research before making any investments. This can help you make informed decisions about which platform best suits your needs and investment goals.
Summary of CEX.IO Review
After taking a closer look at CEX.IO, it’s clear that this cryptocurrency exchange has a lot to offer. From its extensive list of tradable assets to its commitment to security and user-friendliness, CEX.IO has established itself as a leading player in the crypto world.
So why not join the CEX.IO community and start exploring all the exciting opportunities? With its wide selection of cryptocurrencies, transparent fee structure, and top-notch security measures, CEX.IO has everything you need to take your crypto game to the next level.
How much does CEX.IO charge on BTC purchases?
CEX.IO bases its trading fees on your 30-day trading volume, using a maker-taker fee model. The highest maker fee is 0.25%, and the highest taker fee is 0.16%.
What cryptocurrencies can I trade on CEX.IO?
CEX.IO offers over 200 cryptocurrencies and tokens for trading, including popular coins like Bitcoin, Ethereum, and Dogecoin.
What payment methods are accepted on CEX.IO?
CEX.IO accepts various payment methods, including bank transfers, credit/debit cards, and e-wallets like PayPal.
Is CEX.IO legit?
Yes, CEX.IO is a legitimate cryptocurrency exchange that has been operating since 2013. It is registered with FINCEN in the United States and holds various licenses in different countries, including the UK, Europe, and Cyprus.
What are the fees associated with using CEX.IO?
CEX.IO uses a maker-taker fee model based on your 30-day trading volume. Fees for deposits and withdrawals vary depending on the payment method used.
Is CEX.IO safe and secure?
CEX.IO takes security seriously, using advanced measures like two-factor authentication and SSL encryption to protect your assets.
How do I open an account on CEX.IO?
To open an account on CEX.IO, simply sign up on the official website and complete the verification process. Read more about your account management options in our comprehensive CEX.IO review above.