CEX.IO crypto exchange review: Buy tokens, bitcoin, and more with instant withdrawals thumbnail

Summary List PlacementTable of Contents: Masthead Sticky.
Is CEX.IO right for you?

CEX.IO Pros.
CEX.IO Cons.

80 properties, including bitcoin, ethereum, and more.
Low charges.
Margin trading, staking benefits, crypto-backed loans for individuals.
Institutional services for organizations and advanced traders.
24/ 7 client assistance and mobile access.

Minimal coin options (CEX.IO provides more tokens).
Staking rewards, crypto-backed loans, and cost savings includes not available for US traders.
Services not offered to locals of New york city or Virginia (see a complete list of CEX.IO’s geographic limitations here).

Founded in 2013, CEX.IO states it was one of the first crypto platforms to make fiat-to-crypto transactions (exchanging crypto assets for fiat money like USD or EUR) accessible through card payments and bank transfers. Konstantin Anissimov, CEX.IO’s executive director, describes the platform as an ever-expanding “community of a collection of items” for retail and institutional investors.
The market not only offers immediate buy/sell transaction choices (this only uses to credit and debit card purchases) and crypto trading, but it also offers a CEX.IO Prime platform for businesses. Individual traders can likewise make the most of margin trading, staking benefits, and more.
CEX.IO says it supports 99%of nations across the globe, with more than $4 million registered users. Keep reading to see if it’s ideal for you.
CEX.IO is readily available on iOS and Android gadgets.

Bottom line: CEX.IO is best for people and businesses in search of different crypto items like staking, crypto-backed loans, margin trading, and order execution tools. The platform has a limited coin offering, so it’s a much better fit for token-focused traders.

Editor’s ranking.
4.17 out of 5.

0.10 -0.25%maker fees; 0-0.16%taker deal charge (2.99?posit).

Account minimum.

None at this time.

Open account.

How does CEX.IO compare?

Min. Investment.

Minutes. Financial investment.
Depends on kind of cryptocurrency.

Min. Investment.
$ 0.

0.10 -0.25%maker charges; 0-0.16%taker deal fee (2.99?posit).

0%- 0.26%.

99%charge for web and mobile transactions in between $10 and $200(1.49%cost for deals over $200); 0.50?nefit cost; 3.

Financial investment choices.
Cryptocurrencies, tokens, fiat currencies.

Financial investment choices.
Cryptocurrencies (including fiat properties), tokens, futures.

Financial investment choices.
Cryptocurrencies, tokens.

Open an account.
Open an account.
Open an account.

CEX.IO and Kraken have comparable cost varieties, but the two vary when it pertains to investment options. While CEX.IO has a larger digital property choice, Kraken offers a broader series of investment alternatives (e.g., futures). Kraken likewise provides more trading platforms that deal with novices, advanced crypto traders, and futures crypto traders.
Gemini, on the other hand, has a smaller cryptocurrency choice than Kraken, but it offsets it with its $o account minimum, insurance-backed account storage choices, crypto benefits, and more.
If CEX.IO appears like a much better fit, though, keep reading to see how it works.
Ways to invest with CEX.IO.
Coins and tokens.
CEX.IO uses immediate cryptocurrency purchases for traders utilizing credit or debit cards, and it enables you to money your account with bank or cryptocurrency transfers.
Its investment choice– that includes more than 80 properties like bitcoin and ethereum– is offered to traders all over the world, including homeowners in the 48 US states and Washington, DC CEX.IO supports (New York and Virginia are excluded).
The platform has a smaller coin offering, though. CEX.IO says it offers trading opportunities for bitcoin, bitcoin cash, bitcoin gold, ethereum, zcash, and dash.
When it comes to account features, CEX.IO uses the following:.

Staking (with staking, you can make month-to-month interest simply by holding specific properties for a set amount of time).
Area trading (this feature provides more order alternatives for sophisticated traders).
Crypto-backed loans.
Margin trading (CEX.IO lets you obtain up to 100 times your account balance to trade more assets).
Institutional functions (API tools for automatic trading, order execution tools, payment services, and more).

For staking, each property has its own minimum holdings requirement, and though interest rates differ per asset, some cryptocurrencies have APYs as high as 20%. Learn more about CEX.IO’s staking alternatives here.
The staking, cost savings, and crypto-backed loan offerings aren’t presently readily available in the US, the business says it’s working on making those available in the future.
CEX.IO’s marketing strategist Oxana Kunets says the company also offers another rare function that many platforms don’t: instantaneous withdrawals on crypto possessions. “Here, you offer and the cash programs [up] on your card immediately.”.
Charge structure.
CEX.IO charges a maker/taker deal charge that is based upon your 30- day trading volume for all trading pairs. Maker costs use to orders that can’t be executed right away because there aren’t any matching orders. Taker fees, however, are for orders that immediately match with other orders, making them instantly valuable.
Traders who place more trades within a 30- day span pay less at CEX.IO. Maker fees vary from 0.25?e uses to users who make no more than five trades within the 30- day variety, you’ll just pay 0.
The very same uses to taker charges. While a 0.16%charge applies to a maximum 30- day trade volume of five, you will not have to pay anything if your trading volume goes beyond 6,000
You’ll also face various fees for payment techniques. See the total fee/commission schedule here.
Institutional services.
Along with the CEX.IO Group-sponsored Prime platform, CEX.IO has two choices for businesses, expert traders, and business clients: CEX.IO Aggregator and CEX.IO Direct.
CEX.IO Aggregator is a liquidity provider that focuses on providing effective order execution for institutional customers.
CEX.IO Direct lets you embed cryptocurrency gain access to, user confirmation, procurement, and delivery to your website or mobile app, according to its website.
Geographical restrictions.
CEX.IO has numerous limitations for customers in specific areas. Though the crypto exchange supports US traders in 48 states and Washington, DC (excluding New York and Virginia), its staking, crypto loan, and cost savings functions currently aren’t available to United States users.
Cryptocurrency access also varies for users from different countries. Specifically, some crypto assets will not be offered for traders from the United States, Canada, China, and South Korea, according to CEX.IO.
See a total list of its geographical limitations here..
Is CEX.IO trustworthy?
CEX.IO currently has an NR (” No ranking”) status with the Better Business Bureau. The BBB’s rankings range from A to F, however it says it doesn’t have adequate info to issue a score for CEX.IO.
Rankings typically show the BBB’s viewpoint of how well a company engages with its customers. The bureau also takes several elements into factor to consider, including type of business, time in business, licensing and government actions, and marketing concerns.
The exchange has closed 6 complaints in the last 12 months, according to the BBB.
Rickie Houston is a wealth-building reporter at Personal Financing Expert who covers investing, cryptocurrency exchanges, brokerage, and wealth-building products.
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