CEX IO Review 2024 Pros, Cons & Safety Ratings

If there is a sudden spike in the exchange rate, preventing the execution of the order on the agreed conditions, you will be notified. After you confirm the trade, your order is matched to other orders on the exchange, and your balance is adjusted. Sometimes the amount can be even greater than agreed on, but it is never smaller. The downside is that for this to work, CEX.IO has to charge customers a premium so that they will always be able to fulfill their orders, hence the higher exchange rate. The default layout displays a price chart to provide a quick overview of price action using candlesticks.

4.8/5.0 — CEX User

• CEX.IO is certainly one of the best crypto brokers and the entire community is proud of the growth that has expanded its borders in the crypto market.
• Labeled Verified, they’re about genuine experiences.Learn more about other kinds of reviews.
• Interface for navigating through the app was simple to use and to sell and exchange cryptocurrencies.
• The Ascent, a Motley Fool service, does not cover all offers on the market.
• Your bitcoins will be credited to your CEX.io wallet immediately.
• CEX.IO is registered with the FinCEN in the US and the GFSC in the EU.

Our community of six million global users enjoys peace of mind across multiple jurisdictions. CEX.IO has offices in the U.K., U.S., Portugal, and Lithuania.

Binance Review 2024: Top Features, Fees, and Pros Cons

We were offered a crypto-backed loan in fiat currency, which enabled us to retain our crypto assets. A minimum loan amount of $500 applies, with a minimum term of seven days which we think is reasonable. CEX.IO does not offer a standard demo account, which we see as a big drawback for traders who may wish to try https://www.tokenexus.com/how-to-make-money-with-bitcoin-the-most-effective-methods/ out the exchange and its platform before committing real funds. CEXI.IO offers an iOS and Android-compatible mobile app that offers all the functionality of the desktop terminal. When I put it to the test, I found it powerful yet intuitive and simple enough to use and make instant crypto purchases on the go.

CEX.IO Next Gen.Cryptocurrency platform….

A lot of the complaints about CEX.io center around its fees. Many account holders point to hidden charges that often accompany exchange transactions. For instance, CEX.io might charge up to 7% for payments made via fiat. So if you purchase $100 worth of your favorite crypto, you may only wind up with $93.

CEX.IO has obtained the relevant licenses to operate legally in a number of countries. It is registered with FinCEN in the United States and as a Money Services Businesses in the United Kingdom. This means that you’ll need to satisfy Know Your Customer (KYC) and Anti-Money Laundering (AML) laws by verifying CEX.io Review your identity in order to unlock CEX.IO’s full suite of features. In the early days, CEX.IO’s main product was a cloud mining pool called Ghash.io. At one point, this pool made up 42% of the Bitcoin network’s hash power. Ghash.io shut down in 2015 as management focused on their exchange business.

How to Open an Account

It is also the first exchange to support and execute cryptocurrency purchases with a card, making it a user-centric platform with abundant rewards and activities. I have been using it for a long time and I am satisfied with it. 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%. Use a debit card, credit card, or bank transfer to pay for your funds and get support for USD, GBP, EUR, AUD, and plenty of other fiat currencies.

When you’ve shared this information, you will need to confirm your email address by typing in the confirmation code you receive via email. It’s also worth mentioning that CEX.IO is committed to following government regulations and collaborating with regulators. While some other exchanges have tried to skirt the rules and run into legal issues as a result, this is unlikely to happen to CEX.IO. Margin trading is available as well, but not in the United States.

Don’t Like to Read? Watch Our 2-Minute CEX.IO Review

Users on CEX.O can buy Bitcoins instantly using its website or mobile app which is available on iOS and Android. One way to identify a trustworthy platform is by letting media coverage and positive customer reviews guide your search. Typically, trusted exchanges enjoy the support of a loyal user base, and see their hard work reflected back in the form of top rankings, 5-star ratings, and award recognition. CEX.IO provides intuitive access to the crypto ecosystem, and continues to garner the attention of reputable news outlets and industry arbiters alike. Whether you’re looking to buy Bitcoin or explore the functionality of an experienced crypto trading platform, CEX.IO makes it accessible with a credit or debit card.

• The trading platform is also fairly basic and comes with some simple charting tools.
• While the number of tokens is lower than alternatives like Coinbase, there are enough opportunities for most aspiring crypto traders.
• I also enjoy the illustrations used in most articles, though I feel integrated videos would be a good addition.
• We are committed to providing our readers with unbiased reviews of the top cryptocurrency exchanges for investors of all levels.
• The ‘Instant Buy’ function makes it straightforward to buy popular cryptocurrencies like Bitcoin while the $20 minimum deposit is low.