CEX.IO Review
CEX.IO Review
CEX.io is considered to be one of the top and most secure cryptocurrency exchanges currently on the market. CEX.io offers traders a 24 hour market volume of $26,316,240. CEX.io also offers traders 64 coins and 1000 pairs.
| Overview | |||
|---|---|---|---|
| 🏆 CI Exchange Rank | 3.9 (#30) | 📈 24H Volume | $26,316,240 (#30) |
| 📌 Headquartered | United Kingdom | 🧱 Founded | 2013 |
| 💧 CI Liquidity Rank | 0.449 (#46) | 🚀 Beginner-friendly? | Yes |
| 💲 Supports Fiat? | Yes | 🎌 Languages Supported | |
| 💼 Business Accounts | Yes | ✖️ Margin Trading | Yes |
| 👛 External Wallet | Yes | 🔃 OTC Trading | Yes |
| 📱 Mobile App | Yes | 💰 Integrated Wallet | Yes |
| 🔮 Futures Trading | Yes | ⚪️ Spot Trading | Yes |
| ⭕️ Coins: | 64 | 🔀 Pairs: | 1000 |
CEX.io is available to US citizens. It is also ideal for new and experienced traders.
| Pros | Cons |
|---|---|
| Regulated by FinCEN, a reputable government agency | Only 64 coins available to trade with |
| CEX provide users with the ability to transfer money from their bank accounts directly into exchanges to buy cryptocurrencies | no advanced order types |
Oleksandr Lutskevych is the founder and CEO at CEX.IO. The company was founded in 2013 and is regulated by finCEN. CEX.io is headquartered in London, UK.
Crypto on CEX.IO
Crypto Market Listings on CEX.IO
CEX.IO has a reported trading volume of $26,316,240 in the last 24 hours. Traders can expect an average bid-ask liquidity spread of 0.449. CEX.IO is ranked position #46 among exchanges for liquidity.
| Coin | Pair | Price | Spread |
|---|---|---|---|
| BTC/USDT | $87249 | 0.01 | |
| XDC/USDT | $0.03080247 | 0.03 | |
| DOGE/USDC | $0.361455 | 0.35 | |
| XRP/USDT | $0.660954 | 0.02 | |
| BNB/USDT | $607.41 | 0.02 | |
| SOL/USDT | $206.14 | 0.02 | |
| UNI/USDT | $8.37 | 0.01 | |
| TON/USDT | $5.26 | 0.04 | |
| USDC/USDT | $1.001 | 0.09 | |
| FIL/USDT | $3.94 | 0.1 | |
| ETH/BTC | $3187.25 | 0.08 | |
|
|
WIF/USDT | $2.96 | 0.07 |
| DOGE/USDT | $0.36428 | 0.25 | |
|
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APT/USDT | $11.48 | 0.13 |
| ADA/USDT | $0.533432 | 0.17 |
Crypto Verification
As a regulated cryptocurrency exchange platform, CEX.IO is required to identify its traders. Identity Verification helps to prevent the creation and use of fraudulent accounts on CEX.IO.
To verify your identity, you will need the following documents:
- ID/passport documentation
- Bank statement
- Utility Bill
| What's Needed | |||
|---|---|---|---|
| 🛂 Documents | Passport, Driving Licence, Bank Statement | 🕖 Verification Duration | 1 day |
Crypto Deposits
Deposit fees vary from coin to coin.
| Buying In | |
|---|---|
| Crypto/Coins | Varies from coin to coin |
Crypto Withdrawals
Withdrawal fees vary from coin to coin.
| Cashing Out | |
|---|---|
| Crypto/Coins | Varies from coin to coin |
Fiat on CEX.IO
Fiat Market Listings on CEX.IO
| Coin | Pair | Price | Spread |
|---|---|---|---|
| USDT/EUR | $0.997292 | 0.01 | |
| XRP/USD | $0.65981 | 0.16 | |
| DOGE/USD | $0.3614 | 0.28 | |
| BTC/GBP | $86996 | 0.24 | |
| ETH/EUR | $3172.9 | 0.86 | |
| USDT/USD | $1 | 0.02 | |
| USDC/USD | $1 | 0.02 | |
| USDC/EUR | $0.995594 | 0.01 | |
| USDT/GBP | $0.996633 | 0.01 | |
| BTC/USD | $87156 | 0.23 | |
| USDC/GBP | $0.997525 | 0.06 | |
| DAI/USD | $0.9995 | 0.01 | |
| SOL/USD | $204.7 | 0.23 | |
| LINK/USD | $13.38 | 0.12 | |
| SHIB/USD | $0.00002412 | 0.33 |
Fiat Verification
To participate in fiat trading, a mandatory verification process is required.
You will need to submit the following documents:
- ID/passport document
- Bank statement
- Utility bill
| What's Needed | |||
|---|---|---|---|
| 🛂 Documents | Driving Licence, Utility Bill, Bank Statement | 🕖 Verification Duration | 1 day |
Fiat Deposits
Deposit fees vary, depending on the currency and payment method chosen. Please note that CEX.IO does not charge any fees for deposits, made by Bank Transfers
| Buying In | |||
|---|---|---|---|
| Debit Card | Varies depending on currency & payment methods | Credit Card | Varies depending on currency & payment methods | Bank Transfer | Free |
Fiat Withdrawals
Withdrawal fees vary, depending on the currency and payment method chosen.
| Cashing Out | |||
|---|---|---|---|
| Debit Card | Varies depending on currency & payment methods | Credit Card | Varies depending on currency & payment methods | Bank Transfer | Varies depending on currency & payment methods |
CEX.IO Fees
The trading fee is based on your 30-day trade volume for all pairs, which is recalculated at 00:00 (GMT) each day and includes current day`s trades. The minimum maker and taker fees start at 0.16%-0.25%.
CEX.IO Features
Spot Trading
CEX.io does have a spot trading feature. Using this feature, you will be able to place limit and market orders on the exchange.
Futures Trading
Futures trading at CEX.io is permitted on GHS. GHS is short for gigahash per second. You can trade based on the future price of hashing power.
OTC Trading: Crypto Lending
CEX.io offers OTC trading. Now you can trade crypto-to-crypto or crypto-to-fiat with another trader, without involving CEX.io.
Crypto Lending
Crypto lending was especially designed for OTC trading on CEX.io. This feature provides traders with a more effective way to capitalize on new investments, or release funds when they’re needed to cover costs. Crypto lending is a crypto backed loan. Traders can use this as security against the value of crypto-assets currently loan. There is no need to miss out on opportunities or sell what assets you already own.
Margin Trading
CEX.io allows traders to choose how much leverage they use. The leverage ratio can be either 1:2, where half of the position is covered with your own funds, or even 1:3, where funds cover 1/3 of the position.
You can enjoy margin trading for the following pairs:
Integrated Wallet
CEX.io has a secure online wallet available to use on your account.
Corporate Accounts
Traders who opt for corporate accounts can enjoy additional benefits, such as, unlimited daily deposits and withdrawals among others.
CEX.io Referral Program
Every registered CEX.io trader can earn lifetime rewards by sharing their referral link with their network. In return, traders receive USD bonuses to their CEX.io account. The referral link will be on the traders account.
Mobile App
The mobile app is available on IOS and Android.
Customer Support
CEX.io customer support is available telephonically and on email:
- Telephone: 08757996
- Email: [email protected]
CEX.IO Safety
Cold Storage
Traders funds that are deposited during the day are moved to the cold wallet in a daily reconciliation procedure so that mostly funds that belong to CEX.IO remain in the inherently riskier hot wallet. What this means is that if there is a hack on the hot wallet, it will affect CEX.IO funds, not user funds. At the same time, the clients’ funds remain in safe offline cold wallets, untouched, except for infrequent cases when the hot wallet requires a rebalancing.
CER Cyber Security Score (CSS)
6.45/10
CSS is an industry benchmark assessment of the cybersecurity characteristics of a given exchange. It consists of three weighted components: application-level security, SSL/TLS connection, and domain security. CSS uses over 18 indicators, based on the best practices of cybersecurity protection.
Two-Factor Authentication
CEX.io does enable 2FA on traders accounts. This means that traders will need 2FA verification every time a transaction is performed, trades are placed or they log into their account.
IP Whitelisting
Funds from the cold wallets can only be transferred to the whitelisted addresses of the CEX.IO hot wallets and only after the reconciliation of all balances. The CEX.IO system has control systems for sending only to proper destination addresses when transactions are created and signed, even by all fully authorized parties.
CEX.IO FAQs
Is CEX.io Safe?
Yes, CEX.io is safe. It has strict security measures in place to protect your account and it is regulated by FinCEN.
Does CEX.io support third-party Wallets?
Yes. CEX.io does support external wallets.
Can I use my CEX.io account to participate in ICOs?
Yes you can. However, it is recommend that you use a dedicated, local wallet in which you hold the private keys to. This is to lower the risk of coin theft.
Can I short on CEX.io?
Yes. You may open long and short positions with any of the currency pairs available on the platform.
