CEX IO Review Is it actually good in 2024?

CEX.io Review

All in all, the 2.99% transaction fee plus CEX.IO’s roughly 7% trading fee will add up to about 10%. While it’s the most convenient way to buy Bitcoin, it’s also one of the most expensive. The same is true for anyone interested in margin trading and purchasing cryptocurrency CFDs. Binance has partnered with CEX.io Review Simplex to allow credit card purchases of cryptocurrencies on their site. Compared to CEX.IO, Binance purports to offer a card fee of up to around 2%. However, this does not take into account Simplex’s fees (i.e., credit card clearing) which I believe brings the final price to be more or less the same.

Founded in 2013, CEX.IO began its odyssey as a cloud mining provider, transitioning over time into a comprehensive cryptocurrency exchange. Throughout its evolution, the platform has maintained a forward-thinking approach, expanding its service offerings to meet the dynamic needs of the market and its participants. CEX.IO’s deposit and withdrawal fees for credit cards are variables based on the supported currency used (USD, EUR, GBP, RUB) and the volume transacted. Kevin started in the cryptocurrency space in 2016 and began investing in Bitcoin before exclusively trading digital currencies on various brokers, exchanges and trading platforms. He started HedgewithCrypto to publish informative guides about Bitcoin and share his experiences with using a variety of crypto exchanges around the world.

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I know some people trade solely on the app, but I think it’s not for me. The CEX.IO support document does state that other proof of residency documents will be accepted, too. However, it does exclude electronic bills and statements, online screenshots, mobile phone bills, and credit card statements. Let’s continue with or CEX.IO review of the verification process.

The exchange’s commitment to staying abreast of market trends is reflected in its continuous adaptation and feature enhancement. CEX.IO supports trading on over 121 cryptocurrencies on their platform. This exchange currently supports 23 of the top 30 market cap cryptocurrencies. CEX.IO offers instant live chat 24 hours a day, all year round, while assistance is also offered via the community help centre, submit request option and the online FAQ. The FAQ is divided into three sections, enabling traders to instantly access answers regarding account, finance or trading.

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Compared to the other popular crypto trading platforms, the available order types to the platform is limited and does not include advanced risk management features or tools. However, more orders types and risk management instruments are available on the margin trading platform CEX.IO Broker. Binance is a well-known platform that offers low trading fees and plenty of cryptocurrencies. They also offer useful tools and services for investors and traders. CEX.IO gets a tick for fee-free bank deposits, but its fees for buying Bitcoin with a credit or debit card are among the highest of any exchange. Convenience has a price, but it’s good to know that there are ways to cut down on fees.

  • My funds are held hostage by this scam exchange by the guise of kyc aml something such as no other exchange i have ever encountered before and i am a crypto veteran.
  • For first-time investors, the exchange may be a little overwhelming due to the plethora of products and features it offers.
  • If there is a sudden spike in the exchange rate, preventing the execution of the order on the agreed conditions, you will be notified.
  • For a breakdown of what taker/maker fees are, please see the note in the Features section above.
  • Their website is very easy to use and being able to use a credit card is great.
  • Unfortunately, most of the poor reviews for CEX.io are due to the fact that they harbor a lot of hidden fees.

Cexio is the most secure crypto exchange with so much security enhancement insured the funds safe. Very easy to use UI, lot’s of varity coins & tokens to trade. Most Lovely thing is CEX.IO Savings where you can earn crypto by simply holding it on your balance! CoinSutra does not recommend or endorse specific cryptocurrencies, projects, platforms, products, exchanges, wallets, or other offerings. Opinions shared by CoinSutra writers are their personal views only and should not be relied upon for financial choices. Margin trading is also on offer for the savviest of traders, although this service has moved from the CEX.io trading platform to a dedicated margin trading service called CEX.io Broker.

Mobile App

CEX.IO is an interesting exchange with some nice feature that will appeal to many cryptocurrency investors and traders. Learn everything about the Binance.US crypto trading platform in our detailed review. Let’s do a Bybit vs Kucoin comparison by exploring each crypto exchange’s features, fees, deposit methods, and security. However, this fee only applies to instant purchases on the platforms. For example, transaction fees on CEX.io use the maker-taker model. So if you created the order, you’re the maker, and if you’re fulfilling the order, you’re the taker.

Depots cost anywhere from $5-10, and fees for withdrawing funds will vary depending on the type of digital asset and the kind of withdrawal you’re performing. Use USD, EUR, GBP, CAD, and plenty of others to buy, sell, send, receive, trade, stake, and so much more. Deposit fees will vary based on how you choose to fund your account, but you can fund your account with a bank deposit, wire deposit, SEPA deposit, and a few others. Regulatory compliance is a big thing for the platform, which is why it follows KYC/AML guidelines. All account holders have to verify their identity before they can start trading on the exchange.

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The simplicity of the user interface is similar to the likes of Paybis and Coinmama. With no deposit fees, you can justify the withdrawal fees that vary based on the assets you’re using. Their trading fees are some of the lowest in the world, starting at just 0.1%.

CEX.io Review

This includes its safe crypto cold storage, the fact that it’s well-established and never lost any users funds to theft, it has a mobile application, a 24/7 support team, and offers margin trading. You can also deposit cryptocurrencies if you want to fund your account. CEX.io lets you use Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Litecoin (LTC), and several others. https://www.tokenexus.com/ethereum-exchange-where-can-you-buy-and-sell-eth/ The platform also allows users to deposit funds using GBP, EUR, RUB, and USD. Users can also deposit funds using domestic bank transfers (for the US), Skrill (for GBP and EUR), and credit or debit cards. With its simple and friendly interface, low fees, and exceptional reviews, CEX.IO is one of the best cryptocurrency exchange platforms for investors in the UK.

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