CEX IO Extensive Review 2023 A Safe, Proven Crypto Exchange

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CEX.io Review

Join millions, easily discover and understand cryptocurrencies, price charts, top crypto exchanges & wallets in one place. CEX.IO is very user friendly, has a great support section, advanced buying and selling options, robust security and reliability. By the end of this https://www.tokenexus.com/, you should be able to decide if CEX.IO is the right cryptocurrency exchange for you.

  • They have taken care of security, and the support is pretty amazing- one thing that is not so common in the cryptocurrency industry.
  • Here’s a short comparison of CEX.IO’s brokerage service compared to other popular services around.
  • Ratings typically reflect the BBB’s opinion of how well a company interacts with its customers.
  • CEX.IO manages to balance the provision of an exchange platform with advanced services and an interface that is visually appealing, easy-to-use, and accessible to newer crypto investors.
  • The exchange also boasts a working mobile app for Android and iOS.
  • This is largely due to the exchange prioritizing security for both user funds and platform access.

The stripped-down platform available to U.S. customers may be disappointing to those who want more features. IMPORTANT – The fees for credit card purchases can be pretty confusing. First, you have the exchange fee, and then you have the credit card clearing fee. In CEX.IO’s case, the credit card fee can reach 3.99% (plus a service charge, depending on the country), and the exchange fee is 7%, so it’s a 10%+ fee in total. Though leading cryptocurrency exchanges typically provide a high level of security, you could still end up losing your funds if you fall for a phishing scam or inadvertently download crypto-stealing malware.

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In addition, the low transaction and credit card fees make CEX.IO an excellent choice for anyone looking to buy Bitcoin or any other major cryptocurrency using their credit cards. The same can be said if someone wants to sell them, as long as they don’t mind the onerous verification process. This includes its safe crypto cold storage, the fact that it’s well-established and never lost any users funds to theft, it has a mobile application, a 24/7 support team, and offers margin trading. CEX is a well-known & reliable U.S.A-based crypto exchange and broker to purchase Bitcoins, Ethereum, and other cryptocurrencies using bank transfer, Debit, or credit card. The markup is a little higher, but the ease of use & trust make it a reliable website for purchasing Cryptocurrencies.

CEX.io Review

When you use bank transfer you can transfer funds for free, but it takes up to 2 business days. With CEX.IO bitcoin trading is possible via advanced algorithms used in order-matching, backed by a unique trade engine. The company is able to execute extremely high-volumes of orders and at the same time apply market making trading due to the orderbook liquidity. Online traders enjoy scalping strategies as well as high-frequency trading in a safe environment and have peace of mind knowing the company is compliant with the strictest security standards. CEX.IO is trusted by well over 2.6 million users with more 450,000 users have already installed its Android and iOS mobile apps. The company is extremely proud of the fact that $0 have been lost in user funds and that it has achieved MSB status in essential licenses and FinCEN.

What are the fees at CEX.IO?

A lot of the complaints about CEX.io center around its fees. Many account holders point to hidden charges that often accompany exchange transactions. For instance, CEX.io might charge up to 7% for payments made via fiat. So if you purchase $100 worth of your favorite crypto, you may only wind up with $93. BitDegree Learning Hub aims to uncover, simplify & share Web3 & cryptocurrency education with the masses.

CEX.io Review

However, to become verified, you have to provide CEX.io with a government-issued identification along with personal data. If anonymity is your thing, this might not be the platform for you. However, this fee only applies CEX.io Review to instant purchases on the platforms. For example, transaction fees on CEX.io use the maker-taker model. So if you created the order, you’re the maker, and if you’re fulfilling the order, you’re the taker.

Fees

He writes for The Ascent and The Motley Fool, and his work has appeared in USA Today and Yahoo! Finance. He was born in California but currently lives as a digital nomad with a home base in Colombia. On the other hand, several crypto exchanges offer quite a bit more. If you’re a fan of smaller cryptocurrencies, you might need an exchange that gives you more investment options. A safe place to trade cryptocurrencies and earn rewards through staking.

CEX.io Review

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