Cex.io Review

 

CEX.IO REVIEW AT A GLANCE

■ TYPE: BITCOIN/ALTCOINS EXCHANGE

■ WALLET: YES

■ HEADQUARTERS: UNITED KINGDOM

■ ONLINE SINCE: 2013

■ CUSTOMER SERVICE: EMAIL SUPPORT

■ LANGUAGES: ENGLISH

 

INTRODUCTION TO THE CEX.IO EXCHANGE

Founded in 2013, CEX.io is a multifunctional cryptocurrency exchange based in the United Kingdom. Originally established as a cloud-mining provider, the company ceased its mining operations in 2015 and shifted its focus exclusively to Bitcoin trading. CEX.io offers a web-based platform along with two mobile apps, supporting trading in Bitcoin, Ethereum, Ripple, Dash, ZCash, and Stellar.

• Holds MSB status with FinCEN (USA)

• Registered with the ICO (UK)

■ SUPPORTED COUNTRIES: Almost all countries (except many states in the US)

■ FIAT CURRENCIES: USD | EURO | GBP | RUBLE

► Visit the Cex.io Bitcoin Exchange

 

CEX.IO FUND METHODS AND FEES

Cex.io Supports:

□ Bank Wire (0%)

□ Credit Cards (2.9% + $5.00 commission)

□ SEPA transfers

-Minimum $100

Three Account Types / Limits

-Basic accounts (400 USD worth of bitcoins on a daily basis and $2,000 on a monthly basis)

-Verified accounts (10,000 USD worth of bitcoins on a daily basis and $100,000 on a monthly basis)

-Individual Businesses (unlimited amount of bitcoins)

Withdrawals

(i) using vouchers (for withdrawals to other cex.io accounts)

(ii) withdrawals to personal wallets outside cex.io

Cex.io charges 0.001 BTC for a withdrawal

 

CEX.IO TRADING FEES

□ 7.0-8.0% commission (included in the price you pay)

□ 0.25% commission

□ Trading Leverage up to 3:1

 

CEX.IO CRYPTO ASSET INDEX

□ BITCOIN (BTC)

□ BITCOIN CASH (BCH)

□ BITCOIN GOLD (BTG)

□ ETHEREUM (ETH)

□ RIPPLE (XPR)

□ DASH (DASH)

□ ZCASH (ZEC)

□ STELLAR (XLM)

Trading Orders

-Fill-or-Kill Orders (FOK)

-Market Orders

-Limit Orders

-Stop Orders

 

 CEX.IO PLATFORM AND TECHNOLOGY

CEX.IO offers cross-platform trading via their website, mobile apps, WebSocket, and a REST API.

-Two mobile apps (iOs and Android)

-WebSocket and REST API

-Cold storage for cryptocurrency funds

-Two-Factor Authentication and SSL encryption

-Trading Leverage up to 3:1 (0.2% open fee, 0.01% rollover)

► Visit Cex.io Bitcoin Exchange

 

 POSITIVES OF CEX.IO REVIEW

(√) Buy Bitcoins using a credit card for a low fee

(√) A registered company with FinCEN (US), and ICO (UK)

(√) Trading Leverage (up to 3:1) on BTC/USD, BTC/EUR, ETH/BTC, and ETH/USD pairs

(√) Mobile App  (iOs and Android) and Rest/API

(√) Large exchange (over 2 million active traders)

 

 NEGATIVES OF CEX.IO REVIEW

(x) Very high trading commissions (7-8.0% commission is included in the price you pay)

(x) No Skrill, Paypal, and other internet wallets

(x) Verifying your account is a little bit demanding (as concerns the required documents)

(x) Doesn't support withdrawals in FIAT currencies

 

 CEX.IO REVIEW CONCLUSIONS

Based in the United Kingdom, CEX.io is one of the oldest Bitcoin exchanges. It allows traders to purchase cryptocurrencies using credit cards, bank wires, or SEPA transfers.

The platform is user-friendly, and it’s a plus that they offer two mobile apps along with a REST API. Their asset index includes eight cryptocurrencies. The exchange also provides trading leverage of up to 3:1 for BTC/USD, BTC/EUR, ETH/BTC, and ETH/USD pairs.

Overall, CEX.io is a large London-based exchange that offers crypto trading with credit card purchases at relatively low fees. The main downside is the trading fee, which is included in the price and can range from 7.0% to 8.0%.

 

■ Cex.io Review

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