CEX.IO Review

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Cex.io Review
Cex.io Review

CEX.IO Review – Best Cryptocurrency Exchange And Trading Platform

It is safe to say that CEX.IO is a pioneering company in the crypto industry as the company is one of the oldest bitcoin exchanges. The firm provides exchange and brokerage services and deals in Ethereum, Bitcoin, and several other cryptocurrencies.

The company (originally Ghash.io) started its operations offering cloud mining and bitcoin exchange services in 2013 in London. CEX.IO, at one stage, was a dominant force in the Bitcoin network where they grabbed 42 percent of network mining power.

However, CEX.IO quit as miners in January 2015 and started dealing in exchange only. The company is registered with FINCEN, and that means a trader/user will have to disclose his/her identity for trading purposes because the company follows standard KYC procedures.

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Without a doubt, CEX.IO is one of the highly popular exchanges and has earned people’s trust. Here are some prominent features of the company.

Key Features

CEX.IO Brokerage

Brokerage is a process (more suitable to new traders/users) in which a user can buy from or sell cryptocurrencies to a company at a premium. The process is pretty simple but expensive.

The brokerage fee can be high at may reach 7 percent. However, using broker service allows the users to trade without sweating over trading knowledge/expertise. Therefore, this option is mostly used by new users.

Exchange Platform

CEX.IO is an equally rewarding platform for advanced users. That said, the brokerage fee is up to 7 percent, but the trading fee is just 0.025 percent (maximum). Their exchange platform is a highly advanced tool that provides the users all necessary features such as limit and market orders.

It also allows its users to carry on cross-platform trading (by using its apps and APIs), and the liquidity is pretty good as well. Moreover, their advanced reporting gives you better insights into the trading.

Margin Trading

Initially, the company allowed its users to directly make margin trading using the company’s platform, but these services were suspended later, and in 2019, CEX.IO opened a dedicated service.

Their service named “CEX.IO Broker” allows its users to deal in cryptocurrency CFD trading. The users can boast different order types, T/A instruments, and cutting-edge trading tools. Users can leverage their position and boost their potential profit (and loss too). Margin trading is suitable or recommended for traders with immense experience. Currently, margin trading is just available for Litecoin, Ethereum, and Bitcoin.

CEX.IO Review - CEX.IO Is A Leading Bitcoin & Cryptocurrency Exchange And Trading Platform. Trade With Bitcoin, Bitcoin Cash, And Ethereum.

 

CEX.IO Fees

The fee structure of CEX.IO is not very much likable. In fact, the users have often complained about the hidden fees as well. Their brokerage fee can reach up to 7 percent, and that is not a pleasing figure for users. So, if you buy BTC worth $1,000, you get only worth $920.

However, their exchange platform fees are way lower than many others. Here is the complete fee schedule.

Pros

  • Higher limits as compared to competitors
  • Easy-to-use interface
  • Multiple buying options

Cons

  • Higher commission on withdrawal
  • The brokerage fee is significantly higher

Conclusion

You can be a member of this company the next minute. All you have to do is to sign up and send in some Bitcoins. Your profits start calculating the moment you successfully make a deposit.

Visit the Official CEX.IO website


FAQ

  • How do you buy Bitcoins on CEX.IO?

    – Sign up to CEX.IO
    – You can buy Bitcoin using cash: you can link your debit/credit card or bank account

  • Is CEX.IO safe?

    CEX.IO is considered a safe exchange that allows user account protection via the use of Two Factor Authentication (2fa).

  • How can I withdraw money from CEX.IO?

    CEX.IO supports multiple different payment methods. Select the fiat currency you’d like to withdraw and the payment method.

Visit the Official CEX.IO website

CEX.IO score
  • 9.5/10
    Cost - 9.5/10
  • 9.6/10
    Support - 9.6/10
  • 9.6/10
    Reliability - 9.6/10
9.6/10

CEX.IO Summary

It is safe to say that CEX.IO is a pioneering company in the crypto industry as the company is one of the oldest bitcoin exchanges. The firm provides exchange and brokerage services and deals in Ethereum, Bitcoin, and several other cryptocurrencies.

The company (originally Ghash.io) started its operations offering cloud mining and bitcoin exchange services in 2013 in London. CEX.IO, at one stage, was a dominant force in the Bitcoin network where they grabbed 42 percent of network mining power.

However, CEX.IO quit as miners in January 2015 and started dealing in exchange only. The company is registered with FINCEN, and that means a trader/user will have to disclose his/her identity for trading purposes because the company follows standard KYC procedures.

Without a doubt, CEX.IO is one of the highly popular exchanges and has earned people’s trust.


💰 CEX.IO BEST EXCHANGE FOR BUYING & TRADING CRYPTO 💰

Visit the Official CEX.IO website

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