CEX.IO is one of the oldest bitcoin exchanges around. The Company Offers Both a Trading Platform and Brokerage Service For Bitcoin, Ethereum, and A Range Other Cryp Tocurrencies. In this post, I'm Review The Company and ITS Services and Compare Itto Other Exchanges Around.

CEX.IO is one of the more popular options for Buying and Selling Bitcoin and Several Other Cryptocurrencies. The site offers a brokerage appell as a TRADING Atform that supports over 100 Cryptocurrencies and More than 300 Trading Pairs.

If you ’re a beginner, it’ s recommended to use the brokeRage Option Rather than the site ’s trading platform.

That ’s cex.io in a nutshell. For a detailed review, keep on reading. Here’ s what I ’ll cover:

CEX.IO Started Out in 2013 in London as a Bitcoin Exchange and Cloud Mining Provider. At some point, its mining pool, known as ghash.io, WAS SO BIG that it held 42% of the t OTAL Network Mining Power.

In October 2016, The Cloud Mining Operations Weer Shut Download, and TODAY CEX.io Operates Solely as a Cryptocurrency Exchange.

Over Time, CEX.IO HAS Matured Into A Group of Companies with Licenses in Multiple JurisDictions. CEX.IO LTD HAS Been Registered As a Money Services Business (MSB) w ITH The Financial Crimes Enforcement Network (FinCen), A Bureau of the U.S. DEPARTMENTof the tarsury. CEX IO EU Limited PROVIDES CARD PROCESSING Services to Customers FROM THE EUROPEAN ECONOMIC Area (EEA).

In 2019, CEX.io Also Expanded Its Services in the U.S. With Money Transmitter Licent (MTLS) that can server 32 states.

CEX.IO Allows you to build cryptocurrency using your Credit Card, DEBIT CARD, A Wire Transfer, SWIFT, SEPA Transfer (if you live in the eu), or an Ach TRANSFER (F OR US Residents).Crypto - A Trading Platform and a Brokerage Service.

CEX.IO ’s Brokerage Service is a way for new uters to build Cryptocurrencies Through An Easy (Thought Somewhat Expensive) PROCESS. Rade cryptocurrencies for you at a premium.

CEX.IO BROKERAGE Transactions Are Based On Fill-OR-Kill Orders (Also Known as Fok). From Plastic Your Own Order on the Trading Platform Since Different Types of Orders (I.E., Market, Limit, Stop Loss) Will Give You Different Results.

Bottom Line - The Brokerage Service is a Simplify FOR BeGInners to get Started with Buying Bitcoin or Any Other Crypto with Needing Course on Trading.

The downside is that for this to work, CEX.IO has to charge customers a premium so that they will always be able to fulfill their orders, hence the higher exchange rate.

The Difference Between The Brokerage Service Exchange Rate and A Normal Trading Platform Exchange Rate Can Reach up to A 7% Differente. On their site about how this service works. Here ’s a summary of it:

When ENTER A Trade, CEX.io Calculaters The Price and Freezes It for 120 Seconds. You input the amount of money you was to spend, and you see the amount of C oins you can receive. After you presula the buy/self Button,The System Checks to see that you have enough funds available.

If the siteing on the market allows the exempution of your order on consitions not working ol favorable Conditions).

If there is a sundden spike in the exchange rate, presenting the execution of the order on the agreed conditions, you will be notify. Your Order is matched to the Other Orders on the Exchange, And your Balance is adjusted.Sometimes the amount can be every great than agreed on, but it is never smaller.

More Advanced Users Can Use Cex.io's Trading Platform. The upSide of use the platform is that the feature. Trade Can Reach up to 7%, Fees on the Trading Platform Reach 0.25%at max.

The Trading Platform is Pretty Advanced and SUPPLIES All of the Features You'd Expect, Such As Market and Limit Orders. The Trading Platform , Allows Cross-Platform Trading (VIA A Mobile App and Several Apis), And SUPPLIES You withAdvanced Reporting.

Bottom line – If you’re an experienced trader, CEX.IO’s trading platform is where you should conduct your transactions (as opposed to the brokerage service).

In the Past, CEX.IO Allowed Users to Conduct Margin Trading Straight from ITS TRADING PLADING PLATFORM. However 2019, CEX.io Opened a Dedicated Traction Service CA lled.

CEX.io Broker is A Platform for Cryptocurrency Trading Via CFDS Feature A Variety of Order Types, Technology T Allows Users to Leverage Their Position and Increase their Profit Posses)..

Margin Trading Is only recoming to exce experienced traders; when trading cfds, you are euan'TUYING Actual Coins; you're just sporting on a coin's public. s you want be able to withdraw propits in the actual cryptocurrency you're track, Only in Fiat or Bitcoin.

At the moment, margin traditional on cex.io is available for bitcoin, ethereum, and liveCoin only.

Bitcoin (BTC)

Ethereum (ETH)

Ripple (XRP)

Bitcoin Cash (BCH)

Stellar (XLM)

Litecoin (LTC)

Tron (trx)

Cardano (ada)

Cosmos (atom)

Dogecoin (doge)

Polkadot (dot)

Polygon (MATIC)

The supported Currencies by Cex.io Include USD, Eur, Gbp, and Rub.

Credit/debit card

Wire Transfers (Including Sepa)

DOMESTIC Bank Transfer (ACH)Chennai Stock

Skrill (for eur and gbp)

One of the BigGest Complaints used has have about cex.io is the amount of fees and Hidden Charges they. For exmple, CEX.io can take up to a 7% Fee from the a Mount of Fiat Currency You Pay for a Service.

For exmple, if you Buy $ 1000 word of bitcoin, you may get as little as $ 930 word. This meeting. E service fee within it, but no other fees will apply.

However, The Fee Stated Above Is only Relevant to the Instant-Buy Service. Different fees Apply to the Trading Platform. In Order to Trade, you'll need to fund Ur Cex.io Account with Either a Bank Wire, Sepa Transfer, GoogleOR Apple Pay, Skrill, or NetellerLucknow Stock. Debit and Credit Card Fees be up to 3.99%, with a service fee depending on the country. G on your chosen method. The full schedule of deposit and withdrawal fees on CEX.Io can be viewed here.

Transaction Fees Work on a Maker-Taker Model. This Means that the person who created the order (The Maker) Usually Pays A LOWER FEE PERSON WHO FULFILLED THERDERDERDERE The time).

Depending on your side in the transaction, you ’ll pay anywhere between 0.00% -0.25% at the most.

Margin Trading on CEX.IO BROKER is Currently Commission-free.

There are four different account verification tiers on cex.io:

Identity

Address

Enhanced

Corporate

Identity-Verified accounts can build up to $ 1,000.

Address-Verified Accounts Can Buy Up TO $ 10,000 Worth of Crypto Per DayDraw $ 50,000 Per Day. The amount of crypto that can be?

In Order to Become Verify, You ’ll Need to Supply a Government-ISSUED ID and Personal Information About Yourself. For a Complete List of Accounts and Limits,.

CEX.io has strong worldwide support for most countries and states except for the follow exceptions:

Also, mastercard withdrawals for uters from india are disabled.

View the full and up-to-date.

GIES CEX.io a Rating of "Excellent."

For the Trustpilot Reviews, it seems that the majority of disasatisFied User Reviews are complaining about the Hidden Fees (I.E., High Exchange Rate), The Iditit Y VERIFICATION PROCESS, OR the SITE ’s Customer Support.

The First Two issues are users. be seen below:

Regarding SUPPORT, The Main Thing I can say is that cex.io is definitely macking an effort to improve on this aspect. I say this mainly because of two Things:

I see their representatives constinuously replying to the angery comments on 99bitcoins and trustpilot (you can look at the comments section below).

While not too encouraging, the company’s Trustpilot rating used to be 3.9, and now it’s a 4.6 – that’s an 18% increase which is not something to take lightly.

While I can n’t say the exchange is free from support issues. n a timely manner.

Here ’s a short comparison of cex.io’ s brovice compared to Other Popular Services Around.

Important - The Fees for Credit Card Purchasers can be presentVaranasi Investment. Case, The Credit Card Fee Can Reach 3.99% (Plus a Service Charge, Depending on the country), and the exchaange fee is 7%, so it's a 10%+ fee in total.

Coinmama Charges BetWeen A 4.5% and 6.5% Fee Depending on Currency Use for Credit Card Purchas Which is a bit More than Cex.io's 3.99%. ARD Clearing Fee is an additional 5%. Comparing the final of the twoExchanges, you'll get more or les the aame result. Read my coinmama review here.

Coinbase Charges a 3.99% Fee for Credit Card Purchase, which is higher than the 2.99% CEX.IO Charges. However, Coinbase ’s Exchange Fee IS Much LOWER THAN.io CEX.IO CEX.IO Then, then

When compay the actual count of Buying 1 Bitcoin Through Both Companies, It TurnS Out that Coinbase is 4% Cheaper than Cex.io and is Probably. ll of the compared exchanges in this post. You can read my completing coinbase review hereThen, then

BitStamp is a Respecked Bitcoin Exchange that support. EBIT CARD, Google Pay, Apple Pay, OR PayPal Will Incur A 4% CHARGE, Plus Any Additional Fees Chargedby the card isSUER. You can purchase up to $ $ 2500 a day or $ 20,000 monthly using your credit card.

You can read my completing bitstamp review here.

Binance Has Partnered with Simplex to Allow Credit Card Purchases of Cryptocurrencies on their Site. Compared to cex.io, Binance Purports to OFFER A Card Feted T T T o around 2%. However, this does not take into account simplex's fees (I.E., Credit, Credititit, CreditititCard Clearing) Which I Bronve Brings the Final Price to be more or less or less.

You can read my completing binance review here.

No. CEX.IO is a Cryptocurrency Exchange. WHILE You Can Holds Your Funds on the Exchange ’s Web Wallet, MOVING THEM TO Your Own Wallet is Highly Recominged.

Yes. All Verification Levels on CEX.io Require An International Passport/National ID Card/Driver ’s License. COGNIZED.

Go to cex.io

Click on "Buy/Sell"

Choose the cryptocurrency you want to build and your public

Choose an amount to build

Click on "Buy"

Complete the sign-up process and verify your identity

Enter Your Payment Information

Withdraw the coins to your Wallet

Unil today, I have userd cex.io several times and has no issues. Heir brokerage service. If you're a more advanced user, you can cutDramatical on Fees by using the trading platform and not the brokerage service.

In the Past Year or so, the exchange has lead forward and become one of the leading exchanges. The user interface is very into the ES Can Manage to Buy Cryptocurrency with Much Hassle.

Bottom Line - You ’re good to go, as long as you are aware of the fees and the verification proces needed to build more substantial amounts of bitcoin.

If you ’V Had your own experience with cex.io, I ’D Love to Hear About it in the Comments section Below.