Spreads & Fees
Origins of Cex.io
CEX is one of the original Bitcoin exchanges that was founded in 2013. It has been around for over 5 years and is compliant to KYC (Know your customer) and AML (anti-money laundering) policies. It has clearly positioned and established itself as a prime place to purchase Bitcoin via Fiat currency. Their platform is available for 99% countries worldwide including 24 states in USA. CEX.io allows you to buy Bitcoins using your debit card, credit card, wire transfer or a SEPA transfer (if you live in the EU). One of the main attractive feature that CEX offers is its deep liquidity.
- Users- 1.94 million
- Headquarter- London
- Ni. Alt coins listed- 7
- Payment Method - Fiat to Crypto via GBP, USD & EUR
Security & Registration
Registering with CEX.io is very simple, you can enter your e-mail address and create your password or use quick logins via your Google or Facebook account. As with many exchanges when your signing up there are different tiers of access and limits and mostly it is to do with ID verification. By Providing ID verification such as a utility bill and passport it will increase the daily limits of deposits vis bank transfer and credit card.
As a new registered user to cex.io has to go through the 2FA (2 Factor Authentication) safety login protocol. You can either setup via SMS or phone call verification. Generally, with many Bitcoin/Cryptocurrency exchanges the core security function is based around 2 Factor-authentication. Please always remember these exchanges are not designed for storage, and tokens/coins should be stored in a secure desktop, web or hardware wallet. As of march 2018, CEX.io are asking users verify their phone numbers and e-mail upon signing in. An extra layer to security to prevent malicious users hacking into accounts.
How to Trade & Operate exchange
As being one the established Bitcoin exchanges, one of the main features that attract users is the simplicity of purchasing and selling Bitcoin, Ethereum & Bitcoin Cash. As shown below, to make it simple they have designed one-click buttons to purchase the above coins with rounded common amounts. This function allows you to track your investment better against future potential yields.
The operated exchange is very efficient and known for simplicity. A total of 7 cryptocurrencies are listed for trading on CEX.io. Although this is a limiting factor for traders and investors that are looking into altcoins, this is still a Top 10 Bitcoin exchange.
On the left you can scroll down each currency listed and see its price and volume activity against either GBP, EUR, USD and RUB. The chart button on top right of screen allows you to use technical indicators and analyse price-action in more detail. Please ensure you check which denominated currency you wish to sell for desired cryptocurrency (e.g. Ripple XRP can only be bought with BTC, USD or EUR not GBP pound sterling) therefore meaning Stellar, Ethereum & Bitcoin cash will have different denominated currencies.
If you scroll down to the exchange/orderbook (example above for buying and selling BTC/USD). Another fantastic feature of CEX.io exchange system is that it will fill your order to favour you (i.e. your executed order for desired amount can greater but never smaller). When you enter a trade, CEX.io calculates the price and freezes it for 120 seconds. When you input the amount of currency you want to Invest it calculate the exact exchange with the best placed offer.
Other cryptocurrencies listed
Only seven cryptocurrencies are listed but cex.io has built reputation as being one of the go to places for Bitcoin. Bitcoin, Ethereum, Bitcoin Cash, Bitcoin gold, Dash, Ripple XRP and Z Cash (ZEC) are amongst those listed.
In terms of customer help & support, there is a comprehensive section on FAQs and article to help users navigate and explain how the exchange works. There is currently no live chat support, nor a phone number where customers can get in touch with the support team. User can submit support tickets via online form featured on the website, and responses from the Cex.io support team are made via email.
Deposit, Withdrawal Methods & Transaction Fees
Fee schedule is listed below. Cex.io has been scrutinized for it 3.5% Fee on deposits via Credit/debit card. At times when you want to take advantage of volatile situations the best method for speed of depositing is via card. Bank transfer can take up from a minimum 2days to 60days for Deposits to be cleared but the positive being there are no transfer fee charges. Withdrawal fees are applied vial all method transactions.
Why Choose Cex.io?
- Order book/exchange simple to use for beginners
- Fiat Deposit are instantaneous and Bitcoin and Ethereum price offer visible on landing page for non-users
- High liquidity and secure, established for over 5 years
- In total 7 cryptocurrencies are available including Ripple and Stellar Lumens
Spread vs Trader Style
- Intraday Trading- <10 Trades
- Intraday Trading- 10+ Trades
- Swing Trading
- Long Term Trading
|CEX.IO||XTB||Plus 500 |
|Overall Trust Score||A-||A||A-|
- MetaTrader 4
- MetaTrader 5
- Android App & Tablets
- Apple App & Tablets
Account Types Offered
Deposit & Withdrawal
- Visa Debit
- Visa Credit
- American Express
- Bank Transfer
- Diners Club
- Western Union
What so unique unique about CEX.IO?
- Guaranteed Stop Order
- Limit Orders
- One-Click Trading
- Additional Education
- Trailing Stops
- Negative Balance Protection
- Account Verification (Identity)
- Bonuses Offered