Cex.io Trading Platform
Cex.io Trading Platform

Our Score:

Coins SupportedFeesUnique Selling Points
Coins you can buy: Limited*

Bitcoin, Ethereum, Ripple XRP, Bitcoin Cash, Bitcoin Gold, Dash, XLM, ZEC

* New ones are added periodically

Deposit: 3.5% for Credit Cards + more*
Withdrawal: Yes** (Depend on payment method)
Trading: Spreads (from 0.10%-0.25%)

* Depends on currency and method
** Depends on currency and method but as basic rule Visa ~$4, Mastercard 1.2% + ~$4, CryptoCapital 1%.

Platform – Simple and easy to use platform. Cex.io are always trying to innovate on their platform.
Margin Trading – Leverage 1:2 and 1:3.
Low Fees – Inexpensive trading.
Availability – Worldwide coverage.
Important InfomationType of PlatformSecurity
Deposits: Fiat money*
Payment Methods: Many
Platform: Web, iOS, Andriod
Wallet: No

*From Jan 2018 CEX.io no longer allows USD withdrawals so if you withdraw in USD don’t use this exchange.

Exchange2-factor authentication

Cex.io Trading Platform Review

CEX.IO was was founded and is based in London in 2013. Originally a provider for bitcoin cloud mining it has now become a cryptocurrency exchange. At CEX.IO, users can sell and buy Bitcoins and also do deposits using bank transfers or credit cards at low fees.

The exchange rates on CEX.IO are a function of the market activities on the platform, however, the fluctuations of the exchange rates is usually between 0.5% and 2%.

Unique Features

CEX.IO has some unique features that make it a worthwhile exchange to do transactions on. These features include:

  • Worldwide Coverage: IO has its tentacles spread across the road, with services spanning 99% countries in every part of the world.
  • Liquidity: Orders are expedited, low spread, there is also access granted to orderbooks for top currency pairs with great liquidity.
  • Cross-Platform Trading: On the CEX.IO platform, trading can be done across different platforms like mobile app (Android, iOS), websocket, website etc.
  • Payment Options: Payments can be made through credit cards, cryptocurrency, and bank transfer (SEPA, SWIFT)
  • Legal Compliance:IO has important licenses and also maintains a strong relationship with banks. It also has an MSB status in FinCEN and is registered in the UK.
  • Security:IO has taken strong measures to ensure security of users and transactions, such measures include: full data encryption, PCI DSS compliance, and also guards against DDoS attacks.
  • Margin Trading: With CEX.IO, users enjoy protection for negative balance, extra accounts not needed, borrowing of funds, 1:2 and 1:3 leverages.
  • Progressive Reporting: There is the availability of transaction history, reports for download, real-time balance.
  • Commissions: Traders enjoy inexpensive trading fees. Also, there are irresistible offers for the market makers, and high volume traders enjoy special conditions.

Pros

  • The exchange is one of repute, with strong security.
  • The user interface is minimalistic, simple and intuitive.
  • Users can enjoy unlimited withdrawals.
  • The trading volume on the platform is high.
  • Mobile apps on iOS and Andriod
  • Multiple payment methods.

Cons

  • Not many currencies are supported.
  • Deposit/Withdrawl fees for some fiat currencies (E.g. USD, RUB) can be on the high side.
  • Withdrawing fiat currency from the exchange is slow and can take as much as 20 days.
  • Support is poor and its hard to get feedback from them.
  • There are no advanced order types.

In summary: CEX.IO makes it easy for beginners in the crypto world to do business. The site is secure, simple, and can be accessed with via the web and mobile apps. It has low fees, leverage trading and multiple payment methods.