Cex.io Review

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Home / Blog / Cex.io Review 2022: In-Depth Review

Cex.io Review 2022: In-Depth Review

Cex.io Review
Home / Blog / Cex.io Review 2022: In-Depth Review

Cex.io Review 2022: In-Depth Review

Cex.io Review
XBO

Searching for reliable and easy-to-use crypto exchange, Cex.io can be a good fit for you. Wondering how, read this detailed Cex.io review to know.

The crypto exchange claims to be the best and offers top-class trading services to its clients. But to what extent is it true, we will discuss in this in-depth review.

So, without wasting a second, let’s start the Cex.io review. We will discuss all the key features and services offered by this crypto exchange. Before we move forward, here’s a quick overview of this crypto exchange.

What Is Cex.io?

Established in 2013, Cex.io is a regulated crypto exchange that offers investors to buy or sell cryptos.

It was one of the few cryptocurrency exchanges which introduced the system to buy cryptos through card payments and bank transfers.

With a good client base of over 4 million active users, the exchange has a good reputation in the crypto industry.

The advanced platforms and top-class crypto trading services are what make this platform stand out in the crowd.

That’s not it! Continue reading this Cex.io review to discover more about this crypto exchange.

Pros and Cons:

Pros Cons
Well Regulated and Holds US License Comparatively High Fees
Top-notch Security Features Limited Educational Resources
Crypto Staking Rewards No Margin Trading for US Clients
Simple and Intuitive Interface
Unlimited Withdrawals
Advanced Mobile App for iOS and Android
24/7 Customer Support

Top Features and Services of Cex.io

The exchange platform claims to offer top and best features and services. Here’s a list of features and services offered by this crypto platform:

Crypto Staking Rewards:

Crypto staking reward is probably the best feature available on the platform, allowing investors to earn on their crypto holdings.

US clients can stake in Cardano (ADA), Solana (SOL), Polkadot (DOT), Polygon (MATIC), and Tezos, among other cryptocurrencies (XTZ).

Crypto-Collateralized Loans:

Users can take out crypto-backed loans in fiat currency, allowing loyal crypto holders to keep their savings if they require fiat currency for a short period of time.

Affiliate Programs:

The exchange’s affiliate program provides existing clients with a variety of ways to supplement their resources.

Individuals or businesses who join their crypto affiliate programs as partners may earn rewards with little effort. When a person signs up for the platform, they are given a unique affiliate link.

Is Cex.io Scam?

No, the crypto exchange is totally safe to trade with. It is well-regulated by top-tier financial regulators.

Here are some pointers which prove the legitimacy of this platform:

  • Regulated by the Gibraltar Financial Services Commission as a DLT Provider with authorization number: FSC0686FSA.
  • Holds license to operate in all jurisdictions where it offers its services
  • Registered with FinCEN as Money Services Businesses (MSB)
  • Registered as a Money Services Business (MSB) with FINTRAC.
  • Holds temporary license as a crypto asset business by the UK Financial Conduct Authority (FCA).

Best Alternative To Cex.io:

Cex.io Gemini WhiteBit
Crypto Assets 120+ Cryptos 60+ Cryptos 80+ Cryptos
Fees 7% 1.49% 0.1%
Regulations GFSC Not Regulated Not Regulated
Security High High High
User-Interface Easy-to-understand Complex Complex
Mobile App Yes Yes Yes
Minimum Deposit $20 $0 0.0005 BTC

Fee Structure and Pricing:

The fees on this exchange platform are comparatively lower than its competitors. Here’s a detailed overview of the fee structure:

Fee Structure
Trade Volume Maker/Taker Fees
Up to $10,000 0.15% / 0.25%
Over $10,000 to $100,000 0.13% / 0.23%
Over $100,000 to $500,000 0.09% / 0.19%
Over $500,000 to $1,000,000 0.07% / 0.17%
Over $1,000,000 to $2,500,000 0.05% / 0.15%
Over $2,500,000 to $5,000,000 0.03% / 0.13%
Over $5,000,000 to $10,000,000 0.01% / 0.11%
Over $10,000,000 to $20,000,000 0.00% / 0.10%
Over $20,000,000 to $50,000,000 0.00% / 0.08%
Over $50,000,000 to $100,000,000 0.00% / 0.07%

Cryptocurrencies Available on Cex.io:

The cryptocurrency exchange platform offers a long list of supported coins and tokens. Additionally, the list keeps on updating regularly.

Here’s a list of some popular cryptocurrencies available on this platform:

  • Bitcoin (BTC)
  • Bitcoin Cash (BCH)
  • Cardano (ADA)
  • Cosmos (ATOM)
  • Ethereum (ETH)
  • Litecoin (LTC)
  • Tether (USDT)
  • Tezos (XTZ)
  • Tron (TRX)
  • Uniswap (UNI)
  • Zilliqa (ZIL)

Top Security Features To Consider:

The cryptocurrency exchange takes industry-best security measures to deliver the best and most secure trading experience to all crypto Investors.

Here’s a quick overview of the exchange’s top security features:

  • Offers a Listing and Delisting process to safeguard users.
  • Holds 98% of Funds in cold wallets
  • Two-Factor Authentication
  • Email confirmation for every withdrawal request

Available Trading Platforms:

In this part of the Cex.io review, we will discuss the available trading platforms. The exchange offer services through its web-based and mobile app platform.

Web-based Platform:

The platform offers a basic and easy-to-understand layout that allows both novice and professional traders to use and understand it with ease.

Top Features:

  • Advanced Trading Tools
  • Real-time Notification for Order Execution
  • Customizable Price Alerts
  • One-Click Trading

Mobile Application:

Both iOS and Android users may use the platform’s mobile applications. The CEX.IO app offers the same functionalities as the website and allows users to trade cryptocurrency while on the go.

Top Features:

  • Customizable Price Alert
  • 24/7 Customer Support
  • Advanced and Enhanced Trading Tools
  • Intuitive User-Interface

How To Open An Account on Cex.io?

Here’s a quick process for opening an account on this cryptocurrency exchange:

  • First, visit the official website and click the ‘Register’ button.
  • Now, enter your name, email, and country of residence and create a strong password. Then, undergo a verification process through a mobile number.
  • You’ll have to confirm your email by entering the confirmation code you received.
  • Now, you can explore the platform. To increase deposit and withdrawal limits, upload government-issued documents to complete the verification process.

Deposit and Withdrawal Methods:

The exchange offers a variety of payment methods for deposits and withdrawals. You can easily withdraw your funds to a bank account. Here’s a list of available payment methods:

Payment Method Commission Deposit Fee Withdrawal Fee
Visa $3.80 2.99% 3%+$1.20
Mastercard 1.2%+$3.80 2.99% 1.80+$1.20
Bank Transfer 0 0 0
ACH 0 0 0
Paypal 3.4%+$0.30 2.99% 1%+$5
SEPA 0 0 0
QIWI 0 0 0
Skrill 0 0 0
SWIFT 0 0 0

Additionally, the exchange also allows fiat currencies to make deposits:

  • United States dollar (USD)
  • Euro (EUR)
  • Pound Sterling (GBP)
  • Ruble (RUB)

Customer Support:

The crypto exchange offers exceptional and outstanding customer support to its clients. The expert team works 24/7 to resolve every query of its customers.

Here’s how you can contact the support team:

  • Live Chat
  • Phone Number: +44 20 3966 1272, +1 888 814 1188 (Toll-free)
  • Email: complaint@cex.io

Conclusion:

So that’s in our detailed Cex.io review, hope you are now able to decide whether this crypto platform is best for you or not.

If you’re looking for a secure platform that also offers a number of earning opportunities too, then this crypto exchange is a good fit for you.

On the other hand, if you’re still unsure about this exchange, you can look out for other cryptocurrency exchange alternatives such as Gemini or Coinbase.

FAQs:

Is CEX.IO Right For You?

All crypto traders will definitely find what they’re searching for on this platform, all thanks to its vast choice of tradable assets and comprehensive trading capabilities.

Is CEX.IO A Bitcoin Wallet?

The wallet facility is available on the website and in the mobile app. It supports a variety of cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and others.

Has CEX.IO been Hacked?

A cryptocurrency exchange’s first concern is the security of its users’ funds, and CEX.IO has never been hacked since its start.

Where Is CEX.IO Located?

CEX.IO LTD is a company based in the United Kingdom. Read this Cex.io review to know more about the exchange.

Is CEX.IO Legal in the UK?

CEX.IO is enrolled in the Financial Conduct Authority’s (FCA) Temporary Registration Scheme, allowing it to operate lawfully in the United Kingdom.

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