Cex.io Review

 

CEX.IO REVIEW AT A GLANCE

■ TYPE: BITCOIN/ALTCOINS EXCHANGE

■ WALLET: YES

■ HEADQUARTERS: UNITED KINGDOM

■ ONLINE SINCE: 2013

■ CUSTOMER SERVICE: EMAIL SUPPORT

■ LANGUAGES: ENGLISH

 

INTRODUCTION TO THE CEX.IO EXCHANGE

Founded in 2013, Cex.io is a multi-functional crypto exchange based in the United Kingdom. The exchange was established initially as a cloud-mining provider, but in 2015 the cloud mining operations were terminated and CEX.io started to operate as a dedicated Bitcoin exchange. Cex.io offers a web-based platform and 2 mobile apps for trading Bitcoin, Ethereum, Ripple, Dash, ZCash, and Stellar.

-MSB status in FinCEN (USA)

-Registered with the ICO (UK)

■ SUPPORTED COUNTRIES: Almost all countries (except many states in the US)

■ FIAT CURRENCIES: USD | EURO | GBP | RUBLE

► Visit the Cex.io Bitcoin Exchange

 

CEX.IO FUND METHODS AND FEES

Cex.io Supports:

□ Bank Wire (0%)

□ Credit Cards (2.9% + $5.00 commission)

□ SEPA transfers

-Minimum $100

Three Account Types / Limits

-Basic accounts (400 USD worth of bitcoins on a daily basis and $2,000 on a monthly basis)

-Verified accounts (10,000 USD worth of bitcoins on a daily basis and $100,000 on a monthly basis)

-Individual Businesses (unlimited amount of bitcoins)

Withdrawals

(i) using vouchers (for withdrawals to other cex.io accounts)

(ii) withdrawals to personal wallets outside cex.io

Cex.io charges 0.001 BTC for a withdrawal

 

CEX.IO TRADING FEES

□ 7.0-8.0% commission (included in the price you pay)

□ 0.25% commission

□ Trading Leverage up to 3:1

 

CEX.IO CRYPTO ASSET INDEX

□ BITCOIN (BTC)

□ BITCOIN CASH (BCH)

□ BITCOIN GOLD (BTG)

□ ETHEREUM (ETH)

□ RIPPLE (XPR)

□ DASH (DASH)

□ ZCASH (ZEC)

□ STELLAR (XLM)

Trading Orders

-Fill-or-Kill Orders (FOK)

-Market Orders

-Limit Orders

-Stop Orders

 

 CEX.IO PLATFORM AND TECHNOLOGY

CEX.IO offers cross-platform trading via their website, mobile apps, WebSocket, and a REST API.

-Two mobile apps (iOs and Android)

-WebSocket and REST API

-Cold storage for cryptocurrency funds

-Two-Factor Authentication and SSL encryption

-Trading Leverage up to 3:1 (0.2% open fee, 0.01% rollover)

► Visit Cex.io Bitcoin Exchange

 

 POSITIVES OF CEX.IO REVIEW

(√) Buy Bitcoins using a credit card for a low fee

(√) A registered company with FinCEN (US), and ICO (UK)

(√) Trading Leverage (up to 3:1) on BTC/USD, BTC/EUR, ETH/BTC, and ETH/USD pairs

(√) Mobile App  (iOs and Android) and Rest/API

(√) Large exchange (over 2 million active traders)

 

 NEGATIVES OF CEX.IO REVIEW

(x) Very high trading commissions (7-8.0% commission is included in the price you pay)

(x) No Skrill, Paypal, and other internet wallets

(x) Verifying your account is a little bit demanding (as concerns the required documents)

(x) Doesn't support withdrawals in FIAT currencies

 

 CEX.IO REVIEW CONCLUSIONS

Based in the United Kingdom, Cex.io is one of the oldest bitcoin exchange. CEX.io allows traders to purchase Crypto using their credit card, bank wire, or a SEPA transfer. 

Their platform is easy-to-use and it is nice that they offer 2 mobiles app and a REST/API. The asset index includes 8 cryptocurrencies. The exchange provides Trading Leverage (up to 3:1) when trading BTC/USD, BTC/EUR, ETH/BTC, and ETH/USD pairs.

In overall, Cex.io is a large London-based exchange offering crypto-trading using a credit card for a low fee. The only major con is the trading fee paid in the price (7.0-8.0%).

 

■ Cex.io Review

ExpertSignal.com