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CEX.io Crypto Exchange Review

CEX.io Crypto Exchange Review

CEX.io is a secure crypto exchange platform, quickly building popularity among digital currency enthusiasts. The site offers regulated operations that provide users with a chance to buy, sell, borrow, and earn crypto globally. CEX.io is available in 99% of countries, including 48 US states, which has cultivated a community of over 4 million users. 

As one of the primary focuses of the platform, CEX.io offers a wide range of tradable assets and advanced trading features. With that being said, CEX.io is an excellent option for a broad spectrum of traders and investors. 

Designed to be a regulated multi-function exchange, CEX.io was founded in 2013 in London. The platform accommodates over 100 digital currencies and tokens, including top picks like Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Uniswap (UNI), and more. 

Pros And Cons 

CEX.io hosted many attractive features, which is why it has been ranked as one of the top five crypto exchange platforms to use. With more pros than cons, CEX.io users can make their moves with peace of mind. 

Pros Cons
  • Regulated and licensed
  • Inclusive cryptocurrency collection
  • Users can earn crypto on the platform
  • Offers crypto-collaterized loans
  • The amount of products and services may overwhelm beginners
  • Lower liquidity than other leading global exchanges
  • Extensive verification process

More About CEX.io

After starting up in 2013, CEX.io strived to become the number one exchange and Bitcoin cloud mining provider. Second, this platform plans to top the charts in the hashing power marketplace.

On the note of hashing, CEX.io is powered by an in-house mining pool called GHash.io. Unlike most other crypto exchange interfaces, this one aims to minimize expensive mining hardware and provide a system that allows users to earn Bitcoin mining rewards.

This stance was further enhanced in 2016, when CEX.io closed down its GHash.io sector in response to low profits, leaving more room for the platform to focus on exchange offerings. Currently, CEX.io is a globally acknowledged platform with a user base of over 4 million. 

What CEX.io Offers

CEX.io offers its users the ability to make effortless fiat to crypto transactions with payment options such as card payments, bank transfers, and online payments.

Both novice and experienced traders enjoy the interface in a huge variety of cryptocurrencies. Users can purchase Bitcoin, Ethereum, Dogecoin, and plenty of others, with different fiat currencies, such as USD, EUR, GBP, and RUB.

After GHash.io’s closure, CEX.io opened up a CEX.io Broker, which allows you to trade commissions for free. Trading can be conducted on the website, mobile applications, WebSocket, and rest API.

Is CEX.io Safe?

Safety and security are always a concern when starting with a new fintech adventure. Luckily CEX.io knows this and has implemented high-standard security features and protocols to allow for efficient and safe operations. 

The safety is enhanced by compliance with Payment Card Industry Data Security Standard (PCI DDS) and General Data Protection Regulation (GDP).

When using CEX.io, your funds are protected by both hot and cold storage systems and full data encryption. To top off the security side of things, users are able to apply two-factor authentication to their accounts. 2FA protects accounts from unauthorized access. 

The CEX.io Interface

There are countless crypto exchange sites out there, but few manage to deliver on all fronts. Aside from top contenders like Binance and Kraken, CEX.io has created an interface that goes above and beyond to provide. 

The design of the interface at CEX.io makes it easy for all users to get started and earn returns. The cryptocurrencies to pick from have been smartly divided into categories that best suit the characteristics of the coin. All the top cryptocurrencies can be found under the “majors” tab.

Currently, there are over 100 cryptocurrencies to buy, trade, and sell. A list of the top performers is listed below. 

  • Bitcoin (BTC)
  • Bitcoin Cash (BCH)
  • Cardano (ADA)
  • Cosmos (ATOM)
  • Ethereum (ETH)
  • Litecoin (LTC)
  • Tether (USDT)
  • Tezos (XTZ)
  • Tron (TRX)
  • Uniswap (UNI)
  • Zilliqa (ZIL)

Deposit And Withdrawal Fees

The fees at CEX.io vary depending on the method of payment you choose. Below are the three most common payment choices and the fees that are applicable to them. 

Payment Method Daily Deposit Limit Daily Withdrawal Limit  Deposit Commissions  Withdrawal Commissions
Visa $20 to unlimited $20 to $50,000 2.99% or 1.49% Service charge: up to 3% + $1.20 Commission: up to $3.80
Mastercard $20 to unlimited $20 to $2,500  2.99% or 1.49% Service charge: up to 1.8% + $1.20 Commission: up to 1.2% + $3.80 
SWIFT $300 to Unlimited  $300 to Unlimited  No fee 0.3% + $25

Try CEX.io To Enhance Your Crypto Exchange

There are plenty of options for getting involved in the crypto exchange, and if you are looking for an option that allows you to expand your portfolio, CEX.io is an excellent option. Before setting up your profile, ensure you have done your research to ensure it fits you. 

 

Last updated by Jen Van Lier on September 15, 2022

About the editor

As website manager, Jen contributes reviews and updates to The Bitcoin Strip on a daily basis. Jen worked in the casino industry for 9 years before focusing on Bitcoin in 2016. She writes on subjects ranging from traditional slots all the way through to unique Bitcoin games, provable fairness and Ethereum smart contract gambling.

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