CEX.IO

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Why CEX.IO?

Fees

The instant buy fees on the Cex.io platform can go as high as 7%.

Deposit

Customers can deposit funds into their Cex.io accounts using debit/credit cards and domestic wire transfers. Most customer funds on the Cex.io platform are kept in cold storage, while a few are left in hot storage. Cex.io is registered as a Money Service Business in Canada.

Getting Started

New users can register on the Cex.io website using their email address, country of residence, and password. However, this will only unlock the basic features of the platform. You‘ll need to go through a Know-Your-Customer (KYC) procedure and provide advanced information to increase your deposit/withdrawal limits.

We recommend CEX.io because...

Pros & Cons

  • Supports many cryptocurrencies
  • Offers loans with crypto assets as collateral
  • Regulated and licensed crypto platform
  • Crypto staking allows investors to earn
  • Trading fees for spot trading are low
  • Features can be overwhelming for beginners
  • Little educational content on the platform
  • The identity verification process can take weeks

FAQs about
CEX.IO

What is CEX.IO?

CEX.IO is a trading platform that provides clients with card payments and bank transfers with the purpose of making fiat-to-crypto transactions. They strive to grow and maintain their relationship with well-known and trusted banks to ensure an open financial system.

Why should I use CEX.IO?

There are lots of reasons why you should use CEX.IO. Some examples include:

  1. Access to its products for traders, such as spot trading, margin trading and trading API.
  2. Access to its products for everyone, such as the instant buy feature, earn feature, loan feature, wallet feature and debit card feature.
  3. Access to its products for business, such as Prime and CEXDirect.

How much does CEX.IO cost?

CEX.IO has taker fees, maker fees, trade fees and transaction fees. Taker fees range from 0.25% to 0.1%; maker fees vary from 0.16% to 0%, while transaction fees are already included in your deposit and withdrawal amounts. CEX.IO tries to ensure these fees are as low as possible, so you don't pay additional fees for crypto withdrawals.

How do I get started with CEX.IO?

To get started with CEX.IO, go to their website and the registration page. You would need to enter your email address, a strong password and the country you currently reside in. You need to link a credit or debit card and then complete verification to start trading cryptocurrency.

Is CEX.IO safe?

With over 4 million users on its platform, CEX.IO has security measures to protect itself from online vulnerabilities such as suspicious payments, stolen funds, potential terrorists and black market activity.  They also enable two-factor authentication, a high-level security wallet and secure money transfers.

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