CEX.IO Exchange Platform Review

CEX.IO Exchange  Platform Review
 
  • About
  • What are the Fees & Charges?
  • Can you Deposit/Withdraw?
  • What are the Pros & Cons?
  • What Countries are Supported?
  • How to start?

 

CEX.IO Exchange Platform Review

 

CEX.IO started running back in 2013. Initially, it performed as a cloud mining provider. Since then CEX.IO became a multi-functional cryptocurrency exchange that offers to trade crypto for fiat money. The exchange currently has more than 2 million active users and allows cross-platform trading through both mobile & desktop. CEX.IO allows instant buying and selling for cryptos.

Bitcoin Exchange CEX.IO

What are the CEX.IO Fees and Charges?

 

3 types of fees:

  1. Transaction fees
    1. Taker: the one who has an order that matches available orders on the market. This reduces overall market liquidity.
    2. Maker: in this case, the person places an order and wait until the order is verified and executed. By doing so, the maker adds liquidity to the market.

 

  1. Deposit withdrawal fees
  2. Margin Trading Fees (advanced) – varies between 0.2%-0.01%

CEX.IO Deposit/Withdraw Options

 

The exchange allows to deposit and withdraw via the following methods:

  • Credit Card (Visa/ MasterCard)
  • Wire transfer via your bank account (SWIFT/SEPA)
  • Direct crypto transfer

Basic accounts have more deposit/ withdrawal limitations than advanced accounts like Corporate/ Verified Plus accounts.

CEX.IO Pros & Cons

 

Pros: Many traders (both advanced & beginners) like to use the platform due to relatively low fees, high security, and safety for traders. The platform allows worldwide coverage, including the US. Another main advantage is the exchange’s ability to execute rich data reports that enable smart trading and thorough analysis.

Cons: There are some buying limitations on basic accounts. Another disadvantage is an increase in the time it takes to process transactions. This is due to a serious increase in new users in the recent month and increase in trading volume.

 

What Countries are Supported in CEX.IO?

 

CEX.IO currently supports 99% of countries worldwide, including 24 states in the US. Counties that aren’t supported: Algeria, Bahrain, Iraq, Iceland, Nigeria, Lebanon, Libya, Pakistan, Palestine, Qatar, Oman, Vietnam, Afghanistan, Kuwait, Saudi Arabia, and Yemen.

 

How to start trading on CEX.IO?

It’s pretty simple to start trading with CEX.IO. The first step is to register for an account via the exchange. For security purposes, it’s recommended to use a 2-factor Authentication. This adds another layer of security. The second step is to confirm your email, after that, it’s possible to start depositing cryptos and to trade the platform. The third and last step is to add a payment source in order to deposit fiat currencies.

Bitcoin Exchange CEX.IO

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