CEX IO Review: 5 Things to Know Before Using 2024 Updated

If this is you, it’s probably worth looking at trading on another exchange. Otherwise, CEX.IO should provide ample liquidity for your needs. This interface makes it easy to see exactly how much Bitcoin you’re getting for the price. However, the fees are quite a bit higher than buying through the trading interface.

Are CEX.io fees high?

• That’s certainly not bad, and to its credit, CEX.IO gives you access to most of the big cryptocurrencies.
• Trading on the spot market is available 24/7 due to the nature of the crypto market.
• The company offers both a trading platform and brokerage service for Bitcoin, Ethereum, and a range of other cryptocurrencies.
• Once you have registered an account, you can buy crypto instantly with your debit/credit card.
• Despite providing credit card selfies that clearly matches my account details, my requests were repeatedly denied without a valid reason.
• However, CEX.IO may still be the better choice for investors seeking greater liquidity and more advanced features.
• Opinions shared by CoinSutra writers are their personal views only and should not be relied upon for financial choices.

Users enjoy on-the-go access to their crypto portfolio, and the ability to seize opportunities from anywhere, whenever they arise. The funds are safely stored in a CEX.IO wallet which can be used to buy, trade, sell or withdraw to a hardware wallet. CEX.IO allows you to buy cryptocurrency using your credit card, debit card, a wire transfer, SWIFT, SEPA transfer (if you live in the EU), or an ACH transfer (for US residents).

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CEX.io requires KYC (Know Your Customer) verification for all accounts in order to comply with anti-money laundering regulations. This means that you will need to provide your name, address, and date of birth in order to create an account. Once your account is verified, you will be able to deposit and withdraw freely. The short answer is yes, CEX.io is definitely legit and safe.

Enjoying the perks of a verified account! Though, the journey to have that took me days and seemed quite over the top.

These efforts help CEX.IO sustain its reputation as one of the safest crypto platforms in the U.S. for eligible participants, and globally where permitted by regional law. Protecting your data and information from bad actors and unwanted CEX.io Review third parties is essential when transacting in the crypto ecosystem. That’s why it’s important to only utilize access points that are backed by valid certificates, such as PCI DSS, and clearly display proper licenses on their website.

CEX.IO is a reliable crypto exchange…

Beginners or those trading less than $10,000 will incur 0.15% maker fees and 0.25% taker fees, with this amount reducing to 0.13% and 0.23% respectively for volumes of $10,000 – $100,000. While the number of tokens is lower than alternatives like Coinbase, there are enough opportunities for most aspiring crypto traders. The exchange claims to have paid out more than $2 million in affiliate earnings. There is no cap on the amount of money you can earn via affiliate bonuses. Maker orders are limit orders that are posted to the order book. E.g. the price of Bitcoin is $40,000, and you submit a buy order for $39,950 or a sell order for $40,050.

+ Different trading pairs

My overall experience with CEX.IO has been largely positive. I appreciate the platform’s user-friendly interface, which made it easy for me to navigate and execute trades. Additionally, I found their customer support to be https://www.tokenexus.com/tomocoin-what-is-it/ responsive and helpful whenever I had questions or encountered issues. One of the standout features for me was the variety of cryptocurrencies available for trading, which allowed me to diversify my portfolio effectively.

• Right now, eligible users can buy, sell, swap, and store crypto in just a few clicks.
• All our services strive to provide straightforward navigation presented through a simple, clear structure.
• CEX.IO offers over 100 cryptocurrencies, but fewer than half of them are available to U.S. customers.
• Day-to-day trading is covered by hot wallets, while the rest is private and offline.
• However, the fee stated above is only relevant to the instant-buy service.
• If you’re just looking to trade the most popular coins, you can also consider Robinhood or Webull, which each offer free crypto trades in the well-known coins.

CEX.IO, in contrast, continually rejected my attempts with no explanation as to why. CEX.IO includes tabs for different types of cryptocurrency on its trading platform. The default spot trading platform provides charts and multiple types of orders, so it’s a little advanced, but it doesn’t take too long to get the hang of it. Our liquid order books enable top speed trade execution, and are built to sustain high-value transactions. The CEX.IO Team carefully monitors the market performance of vetted currency pairs.

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