Table of Contents
- CEX.io Review – What is CEX.io?
- CEX.io Exchange Overview
- CEX.io Alternatives
- CEX.io Pros and Cons
- Cex.io Supported Cryptocurrencies
- CEX.io Fees and Commissions
- CEX.io Account Setup
- Conclusion
- FAQ about CEX.io
CEX.io Exchange Overview
CEX.io is a Centralized Exchange that has garnered attention since its inception in 2013. With its headquarters situated in London, United Kingdom, the company has evolved into a platform offering a wide array of cryptocurrency trading assets. At the moment, the exchange has 119 coins and 369 CEX.io trading pairs. The cryptocurrency exchange has over 5 million registered users and serves 30+ U.S. states. It holds 30+ licenses globally and facilitates customer deposits totaling $7.5 billion since 2019.
CEX.io has a rich history of making an impact. The company has spent the last decade building products that simplify the operational and technical complexities of crypto. From launching innovative features like Instant Buy and debuting the crypto super app in 2022, CEX.io has become a trusted ecosystem where millions safely access the digital asset economy. Join us in navigating the ever-shifting landscape of decentralized finance – your journey starts now.
CEX.io Alternatives
Now, let’s shine the spotlight on CEX.io’s peers in the crypto digital realm including Coinbase, Gemini, and Bitstamp. These platforms each contribute a distinctive presence to the crypto market.
Coinbase
Leading the lineup is Coinbase, a pioneer in the crypto space since 2012. Coinbase offers a variety of options such as educational resources, and an inclusive atmosphere. With 245,000 ecosystem partners spanning over 100 countries, Coinbase is a global catalyst for individuals embarking on their crypto journeys.
The company boasts a quarterly trading volume of $76 billion, safeguarding assets totaling $114 billion, and a presence in over 100 countries. It stands as a key player in the crypto space with a workforce exceeding 3,400 employees.
Related: Coinbase Review 2023: Pros, Cons, Features
Gemini
Gemini, on the other hand, was founded in 2014 by Cameron and Tyler Winklevoss. It has features like recurring buys, which makes crypto trading easier for investors. Gemini provides professional traders with fast, secure, and reliable trading experiences characterized by low fees, deep liquidity, fast execution, and 100x leverage trading derivatives. It offers advanced trading tools, including charting tools and technical analysis indicators.
Related: Gemini – Full Review of Gemini Crypto Exchange 2023
Gemini supports professional traders through a range of features such as perpetual swaps, futures, and robust APIs for custom trading bots and third-party software integration. Gemini allows users to easily deposit and withdraw fiat currencies for seamless transitions between the crypto and traditional financial systems. Additionally, it offers a suite of products for professional traders, including spot and derivatives trading, staking with competitive rewards, and secure custody of digital assets.
Bitstamp
Bitstamp has been operating in the crypto industry since 2011. With a global presence and offices in Luxembourg, Singapore, Slovenia, the UK, and the USA, Bitstamp offers live customer support and boasts around 500 dedicated professionals. It holds 50 licenses and registrations globally.
Bitstamp has earned trust and recognition, attaining an AA rating as the world’s top-rated crypto exchange in CryptoCompare’s Exchange Benchmark report. Upholding the mantra ‘Your crypto is always yours,’ Bitstamp ensures that all customer assets are available at all times, backed 100% and stored separately from corporate assets.
Related: Bitstamp Review – Full overview of Bitstamp Crypto Exchange
CEX.io Pros and Cons
Here’s a breakdown of what makes CEX.io shine and where it might hit a bump on the crypto road.
| Pros | Cons |
| 1. Earn rewards with crypto staking 2. Low pricing with 0.01% taker and 0% maker fees for high-volume traders 3. High quality educational materials through the University24/7 support with fast response times during tests 4. Wide range of payment methods including PayPal 5. Trusted crypto exchange with 5+ million users 6. 200+ cryptocurrencies including Bitcoin 7. Charting package from TradingView 8. Low minimum deposit of $20 9. Crypto leverage up to 1:3 | 1. A maintenance fee applies after 12 months of no activity 2. Cluttered interface on Exchange Plus 3. High deposit and withdrawal fees 4. Limited regulatory oversight 5. No demo account |
Cex.io Supported Cryptocurrencies
CEX.io is renowned for its extensive support of cryptocurrencies. It stands as a digital haven for traders seeking diversity in their portfolios. With a wide selection of digital assets, CEX.io provides a one-stop-shop for investors looking to explore the thrilling world of crypto.
Here’s a glimpse of the crypto wonders you can find on CEX.io:
| Cryptocurrency | Description |
| Bitcoin (BTC) | A pioneer in digital currency and a medium of exchange |
| Bitcoin Cash (BCH) | Facilitates increased scalability and faster transactions |
| Cardano (ADA) | A blockchain platform that is scalable and interoperable |
| Cosmos (ATOM) | An interoperable blockchain platform facilitating communication between different blockchains. |
| Ethereum (ETH) | Decentralized platform |
| Litecoin (LTC) | A peer-to-peer cryptocurrency |
| Tether (USDT) | A stablecoin pegged to the value of the US dollar, providing stability in the volatile crypto market. |
| Tezos (XTZ) | A blockchain platform with a focus on self-amendment, allowing the network to upgrade without forks. |
| Tron (TRX) | A blockchain platform designed for content-sharing and entertainment applications. |
| Uniswap (UNI) | A decentralized exchange (DEX) protocol on the Ethereum blockchain, facilitating automated token swaps. |
| Zilliqa (ZIL) | A blockchain platform known for its sharding technology, aiming to improve scalability and transaction speeds. |
From the pioneer Bitcoin to the innovative Uniswap, CEX.io hosts a variety of cryptocurrencies, allowing users to craft a diversified portfolio tailored to their investment goals.
CEX.io Fees and Commissions
CEX.io understands that cost matters in the world of digital assets. Whether you’re a seasoned trader or just stepping into the crypto arena, being savvy about fees is crucial.
Here’s a breakdown of the CEX.io deposit and withdrawal methods:
| Payment methods | Daily deposit (Min-Max) | Daily withdrawal (Min-Max) | Deposit commissions | Withdrawal commissions |
| VISA 1 | $20.00 — Unlimited | $20.00 — $50,000.00 | 2.99% — 3.99% + service charge5; | Service charge: up to 3% + $1.20 Commission: up to $3.80 |
| MASTERCARD1 | $20.00 — Unlimited | $20.00 — $2,500.00 | 2.99% — 3.99% + service charge5; | Service charge: up to 1.8% + $1.20Commission: up to 1.2% + $3.80 |
| Google/Apple pay1 | $20.00 — $1,000.00 | Not available | 2.99% — 3.99% + service charge5 | Not available |
| S.W.I.F.T. 2 | $300.004 — Unlimited€300.00 — Unlimited | $300.004 — Unlimited €300.00 — Unlimited | $2.99 €2.99 | 0.3% + $25 (min $50)0.3% + €25 (min €50) |
| Domestic Wire2 | $20.004 — $100,000.00 | $20.004 — $100,000.00 | $2.99 | $2.99 |
| Faster Payments2 | £20.00 — £250,000.00 | £20.00 — £250,000.00 | £2.99 | £2.99 |
| Sepa2 | €20.00 — Unlimited | €20.00 — Unlimited | €2.99 | €2.99 |
| Open Banking | £20.00 — Unlimited€20.00 — Unlimited | £20.00 — Unlimited €20.00 — Unlimited | £3 €3 | £3 €3 |
| Skrill3 | $35.00 — $10,000.00€35.00 — €10,000.00£35.00 — £10,000.00 | $35.00 — $10,000.00 €35.00 — €10,000.00£35.00 — £10,000.00 | 3.99% + 3$/€/£ | 1% + 3$/€/£ |
| NETELLER | $35.00 — $10,000.00€35.00 — €10,000.00£35.00 — £10,000.00 | $35.00 — $10,000.00 €35.00 — €10,000.00 £35.00 — £10,000.00 | 3.99% + 3$/€/£ | 1% + 3$/€/£ |
| Epay3 | $20.00 — $10,000.00 | $20.00 — $10,000.00 | 0.99% + $3 | 1.99% + $3 |
| PayPal3 | $20.00 — $1,000.00 | $20.00 — $10,000.00 | Service charge:2.99%— 3.99% +service charge5;Commission: No fee | Service charge: 1% + 5$Commission: 2% cap $16 |
CEX.io takes a user-centric approach to fees, aiming to strike a balance between maintaining a sustainable platform and offering competitive rates to its diverse user base. As the crypto landscape evolves, staying informed about these fees ensures that users can make well-informed decisions tailored to their trading preferences and financial goals.
CEX.io Account Setup
To enhance your CEX.io user experience, set up your account to get access to all the CEX.io features. Setup is as easy as six steps:
Step 1: Registration
• Click “Register” and provide email/password.
• Choose residence, confirm age, and agree to terms.
• Confirm email and enable two-factor authentication (2FA).
Step 2: Verify Identity
• Complete identity verification in-app or on the website.
• Receive email notification upon successful verification.
Step 3: Fund Your Wallet
• Top up with a debit/credit card or deposit crypto.
Step 4: Buy Crypto
• Visit the Instant Buy page.
• Choose cryptocurrency and fiat, select payment method, and confirm.
Step 5: Trade Crypto (Exchange Plus)
• Access Exchange Plus from the Products menu.
Step 6: Security Measures
• Ensure 2FA is enabled for added account security.
Conclusion
CEX.io stands as a reliable and innovative player in the cryptocurrency space. It provides a comprehensive suite of services that cater to both individual and institutional users. With a user-friendly interface and a commitment to simplifying the crypto experience, The platform’s history, marked by milestones such as being the first to enable BTC purchases with a credit card, showcases its dedication to shaping the digital asset economy. As the platform continues to evolve and explore new frontiers, users can trust CEX.io to be a reliable companion in the finance and digital assets market.
FAQ about CEX.io
Is CEX.io Real or Fake?
Rest assured, CEX.io is very much real. Established in 2013, CEX.io has earned its reputation as a legitimate and reputable cryptocurrency exchange. With over 5 million users, it’s a bona fide platform navigating the crypto market.
Is CEX.io Better than Coinbase?
While both exchanges have their strengths and weaknesses. While Coinbase is known for its user-friendly interface and educational resources, CEX.io provides more value to investors by offering a diverse range of cryptocurrencies, competitive fees, and features like crypto staking.
Is CEX.io a Good Crypto Exchange?
Absolutely. CEX.io has proven itself as a reliable and user-friendly crypto exchange. Its commitment to security, a variety of supported cryptocurrencies, and features like leverage and staking make it a good choice for both beginners and experienced traders.
Is a CEX.io Account Legit?
Yes, a CEX.io account is entirely legitimate. When you create an account on CEX.io, you’re joining a platform with a solid reputation and millions of users. The exchange follows industry regulations and standards, ensuring a legit and secure environment for your crypto endeavors. Always remember to follow best security measures, such as two-factor authentication, to safeguard your account.
Disclaimer: All materials on this site are for informational purposes only. None of the material should be interpreted as investment advice. Please note that despite the nature of much of the material created and hosted on this website, HODL FM is not a financial reference resource and the opinions of authors and other contributors are their own and should not be taken as financial advice. If you require advice of this sort, HODL FM strongly recommends contacting a qualified industry professional.
