CEX.io is an excellent crypto exchange that is suitable for both beginners and experienced traders. The website is quite easy to figure out and offers great customer support. Some cryptocurrencies you can exchange on this platform include BTC, ETH, LTC, and BCH. You can make deposits on the site using either the Euro, GBP, or USD. You don't necessarily need to trade on the website; it also has a mobile app. Try CEX now, or continue below to learn more.
One of the best exchanges for global crypto enthusiasts that's available in most countries.CryptoLists.com
Background & Overview
CEX is one of the most accessible in terms of allowed countries, and is registered as a money service business in the USA and has a level 2 DDS certificate. It is worth noting that the platform has never been hacked and features very high levels of security. To purchase cryptocurrencies on the site, you will have to either use fiat currencies or Bitcoin. The platform has a wide range of tradeable assets, and you can purchase them directly on the site. Alternatively, you can exchange the tokens with other members of the site. There are also Beta versions of the CEX site known as CEX Broker and CEX Bro for EU visitors.
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Advantages at CEXIt has a wide range of cryptocurrencies.
+ The site is extremely secure and has never been hacked.
+ You can make deposits with several fiat currencies.
+ This platform is regulated and licensed in many places.
+ Users of the site can earn rewards with crypto staking.
+ It charges low trading fees.
Disadvantages- Its fee structure is complicated.
- Some features of the platform are not available for US customers.
- You have to verify your account since the platform is regulated.
- There aren't many languages available to use on the site
- Support could be improved with more languages and a phone feature.
- Heavy focus on cryptocurrencies paired USD and not GBP or EUR.
KYC & Registration
The signup process at CEX is very simple and only takes a few minutes. You just need to enter your email address and password, after which you can choose your country of residence. Since this site is also regulated by authorities in the USA, it has to verify the identity of its customers. For the identity verification process, you have to use an international passport, a government-issued ID card, a driver's license, and your social security number. You will need to take a selfie with your identity document and send it to the company.
You can apply for a business account on CEX.io, however as with most exchanges and brokers the sign-up process is a bit more tenuous and stringent. You'll need to do everything an individual does when they sign up, as well as have copies of company documents to hand.
Leverage▪ Rated at 9/10
You can trade on margin with your standard account. CEX offers users the ability to easily and simply choose how much leverage they use. The leverage ratio can be either 1:2, where half of the position is covered with your own funds, or even 1:3, where your funds cover 1/3 of the position.
Costs▪ Rated at 10/10
CEX is known for charging very low trading fees. The charges will vary depending on the trading volume and go up to 0.25%. If you choose to use the Instant Buy feature, you may have to pay extra fees. Trades worth more than $20,000,000 will attract 0% maker fees, but the taker fees at this level are 0.1%. The highest tier is at $5 billion, and at this level, you will have to pay taker fees of 0.01%. If you make deposits and withdrawals using bank transfer, you won't have to pay any fees. However, credit and debit card deposits will attract a 2.99% transaction fee. Other payment methods on the site come with fees of up to 3.99%.
Deposit Methods▪ Rated at 8/10
Below you can see a list of the deposit methods available on CEX. Some of them may not be available in United States as it depends on regional regulation, but normally the most common payment methods are available across numerous countries.
CEX allows a fairly wide range of deposit methods from fiat currency. These include Visa and Mastercard, as well as third-party companies like PayPal. Of course, you can also use instant bank tranfers under both the SWIFT and SEPA methods. And, you can deposit in GBP, EUR, and USD. You can also make crypto deposits through both the website and the mobile app. Read more about the deposit methods at CEX here.
Platforms▪ Rated at 9/10
The following platforms are supported by CEX:
CEX is considered one of the most user-friendly crypto exchanges, and that's why it's suitable for beginners. The site uses calm colours and doesn't strain the eye. The main links of the website are positioned at the top of the homepage, and this makes it easier for users to navigate the platform.
Automated Trading and Copy Trading
You can save time and possible stress by leveraging an autotrading API to the platform, although you'll need to do this yourself and a copy trading service isn't part of their platform like it is on some other broker sites. To learn more about how this works, it's best to hear it from the horses mouth at the link below.›› Get started with Crypto Auto Trading at CEX now.
Languages supportedThe following languages are supported on CEX:
English and Russian and Spanish
Broker Support▪ Rated at 8/10
CEX has a good customer support team that will quickly help you solve different issues regarding the website. You can expect the team to respond to your queries within one business day. You should avoid making duplicate requests as this can cause delays in the responses. However, support is only available in a few languages.
Other Names for CEX
CEX is or has also been known under the following names: CEX.IO Corp.
Where can I register for CEX?
The best way is to open an account here and if you have any further questions you can get in touch with their support directly.
Remember to never risk money that you can not afford to loose. Crypto currencies is highly volatile, unregulated in most EU countries, no EU protections & not supervised by the EU regulatory framework. Investments are subject to market risk, including the loss of principal.
Is CEX a reliable crypto exchange?
Yes, this crypto exchange is highly reliable and features very high levels of security. It has never been hacked. However, it is important to avoid storing your coins on the website and should instead use a separate crypto wallet. You can learn about these wallets at Crypto Lists.
Will I have to verify my CEX account?
Yes, this website is regulated, and that means it has to verify the identity of its customers. For this purpose, you will need to send copies of your government-issued ID card or international passport. US customers also have to send their SSN numbers.
Who created this crypto exchange?
This platform was developed by Oleksandr Lutskevych, a pioneer in the decentralized finance sector. He has more than 15 years of experience in software development and entrepreneurship.
Which cryptocurrencies can I buy and sell at CEX?
This platform supports a wide range of cryptocurrencies. These include BTC, ETH, LTC, USDT, ADA, ATOM, BCH, XTZ, TRX, and UNI. In most cases, you will have to purchase BTC with fiat currencies and exchange the tokens for other cryptocurrencies.
Which payment methods can I use at CEX.io?
You can make deposits and withdrawals using bank transfer, credit cards, SWIFT, QIWI, SEPA, Skrill, PayPal, and other e-wallets.
History of CEX
November 2013: CEX is incorporated and is launched by Oleksandr Lutskevych.
2014: CEX.IO adds USD and EUR markets and enables payment card deposits.
2015: The mobile applications for iOS and Android are launched.
2017: They add more cryptocurrencies including BCH, Dash, and XRP.
Find the full list of instruments available to trade at CEX here. Below you'll see some of the currencies available on the exchange.▪ Rated at 9/10
Crypto Currencies1INCH/USD, AAVE/USD, AAVE/USDT, ADA/EUR, ADA/GBP, ADA/USD, AKRO/USD, AKRO/USDT, ALGO/USD, ANT/USD, APE/USD, API3/USD, APRA/USD, ARV/USD, ATOM/EUR, ATOM/GBP, ATOM/USDT, AUDIO/USD, AVAX/USD, AVWG/GBP, AWG/USD, AWS/USD, AWX/EUR, AWX/USD, AXS/USD, BAL/USD, BAND/USD, BAND/USDT, BAT/EUR, BAT/GBP, BAT/USD, BAT/USDT, BCH/BTC, BCH/EUR, BCG/GBP, BCG/USD, BCH/USDT, BEL/USD, BNB/USD, BNT/USD, BNB/USDT, BOND/USD, BTC/EUR, BTC/GBP, BTC/USD, BTC/USDT, BTTC/EUR, BTTC/USD, BTTC/USDT, BUSD/USDT, CAKE/USD, CHR/USD, CHZ/USD, COMP/USD, COMP/USDT, COTI/USD, CREAM/USD, CRO/USD, CRV/USD, CRV/USDT, CVC/USD, DAI/USD, DASH/BTC, DASH/EUR, DASH/USD, DASH/USDT, DNT/USD, DOGE/USD, DOT/USD, DOT/USDT, DYDX/USD, EDGT/USD, EGLD/USD, ETH/BTC, ETH/EYR, ETH/GBP, ETH/USDT, ETHW/USD, EUROC/EUR, EUROC/USD, EVER/USD, EVER/USDT, EXFI/USD, FARM/USD, FIL/USD, FLOW/USD, FTM/USD, FUN/USD, GALA/USD, GAS/EUR, GAS/GBP, GAS/USD, GAS/USDT, GLM/USD, GLM/USDT, GNO/USD, GRT/USD, GUSD/EUR, GUSD/USDT, GZIL/USD, GZIL/USDT, HAPI/USD, HOT/USD, HOT/USDT, ICO/USD, IDEX/USD, INJ/USD, JASMY/USD, KAVA/USD, KAVA/USDT, KEEP/USD, KNC/USD, KNC/USDT, KNC/USD, KP3R/USD, KSM/USD, KSM/USDT, LAMP/USD, LAMB/USDT, LDO/USD, LEVER/USD, LINK/EUR, LINK/USD, LINK/GBP, LINK/USDT, LQTY/USD, LRC/USD, LTC/BTC, LTC/EUR, LTC/GBP, LTC/USD, LTD/USDT, LUNA2/USD, LUNC/USD, MANA/USD, MATIC/EUR, MATIC/GBP, MATIC/USD, MATIC/USDT, MERC/USD, MHC/BTC, MHC/ETH, MHC/GBP, MINA/USD, MIOTA/USD, MKR/USD, MPL/USD, MTA/USD, MTA/USDT, MUSD/USDT, NEO/EUR, NEO/GBP, NEO/USD, NEO/USDT, OCEAN/USD, OCEAN/USDT, OGN/USD, OMG/BTC, OMG/EUR, OMG/USD, OMG/USDT, ONT/EUR, ONT/USD, ONT/USDT, OP/USD, PAXG/USDT, POLS/USD, QNT/USD, QRDO/USD, RARI/USD, REN/USD, REN/USDT, REN/BTC, REPV2/USDT, REQ/USD, RSR/USD, SAND/USD, SGB/USD, SHIB/EUR, SHIB/GBP, SHIB/SD, SHIB/USDT, SNX/USD, SNX/USDT, SOL/USD, SRM/USD, SRM/USDT, STORJ/USD, STORJ/USDT, STRK/USD, SURE/USD, SUSHI/USD, SUSHU/USDT, SXP/USD, TRB/USD, TRX/BTC, TRX/EUR, TRX/GBP, TRX/USDT, TUSD/USD, TUSD/USDT, TWT/USD, UMA/USD, UMA/USDT, UNI/USD, USDC/EUR, USDC/USD, USDC/USDT, USDT/EUR, USDT/GBP, USDT/USD, UTK/USD, UTK/USDT, VET/USD, WABI/EUR, WABI/GBP, WEBI/USD, WABI/USDT, WBTC/BTC, WBTC/USD, WNXM/USD, XDC/USD, XDC/EUR, XDC/USDT, XLM/EUR, XLM/USD, XLM/USDT, XRP/BTC, XRP/EUR, XRP/GBP, XRP/USD, XRP/USDT, XTC/EUR, XTZ/GBP, XTZ/USD, XVS/USD, YFI/USD, YFI/USDT, ZAP/USD, ZAP/USDT, ZIL/USD, ZIL/USDT, ZRX/USD
›› Sign up at CEX here
Screenshots from CEX
CEX Review Published: Thursday, 27 Oct 2022 11:01 am
Last Updated: Monday, 27 Nov 2023 12:44 pm