CEX.IO Review: 5 Things To Know Before Using It (2020 Updated)

CEX.IO prides itself on stability to provide trouble-free service backed by a reliable system and user account security, safe storage of funds, financial viability and profound legal compliance. It is a reputable and safe cryptocurrency exchange with no hacked accounts or theft of funds since its launch in 2013.

CEX.IO is a popular exchange to buy Bitcoin instantly using its website or mobile app which is available on iOS and Android. With its supporting multiple payment methods, including credit cards, debit cards, bank transfers, Skrill and more, CEX.IO is considered to be one of the best crypto exchanges in the world.

While we aim to provide you with accurate and the latest information on its features, user interface and trading fees and more in this CEX.IO review, we strongly suggest that you visit their site to keep updated with any changes that may occur afterward.

CEX website

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What Is CEX.IO?

CEX.IO is a cryptocurrency exchange that was built to cater to individuals around the globe by providing an easy to use platform for investors to convert fiat currency into digital currencies. It is highly suitable for beginners and astute investors and offers a wide variety of products and trading tools for the most popular crypto assets such as Bitcoin, Bitcoin Cash, Ethereum, Ripple, Stellar, Litecoin, Tron and many others.

CEX.io purchase crypto

CEX.IO Features

CEX.IO users of the platform have access to several features that include instant crypto purchases with a credit card, margin trading platform and staking favorite coins to earn rewards. Other features of the platform include:

  • Beginner-friendly user interface
  • Quick and easy to purchase and sell crypto
  • Supports credit/debit card and bank transfer payments, Skrill
  • Accepts fiat currencies like USD, GBP, EUR and RUB
  • High liquidity order-book with low spreads
  • Margin platform to trade crypto CFD's
  • Advanced order-matching algorithms
  • Cross-platform trading via website, mobile app and API
  • Secure wallet using offline cold storage measures
  • Mobile app with the Instant Exchange and Instant Sell services. The later is unique to CEX.IO — it allows you to sell your coins and instantly withdraw your fiat profits to you Visa or Mastercard or to CEX.IO balance.
  • An affiliate program that rewards you for bringing more users to the platform
  • CEX.IO Staking where you can increase your holdings by storing coins on your CEX.IO account
  • 24/7 customer support team

CEX.IO Compared

Advanced features, intuitive user interface and a mobile trading app are important features on CEX.IO. This comparison table lists other top rated crypto exchanges that offer world-class features.

Exchange

Fees

Rating

Website

binance

0.1%

4.8 / 5

cex.io

Maker: 0.16%

Taker: 0.25%

4.8 / 5

plus500

Spread only

4.4 / 5

okex

0.1%

4.1 / 5

Account Registration & Login

To create an account with CEX.IO exchange, the process is very straight forward and takes a few minutes. To start, follow these steps:

  1. Visit the website https://www.cex.io
  2. Click on the 'Create Account' button at the top right-hand corner
  3. Enter in your email, set a strong password and select country
  4. Agree with the terms of service and click 'Create Account'
  5. Verify your email address and login to using your credentials
create an account CEX.io

CEX.IO Verification

New users to CEX.IO can make a deposit or withdrawal up to $100 per day without completing a Know Your Customer (KYC) verification process. To increase the daily deposit and withdrawal limits on CEX.IO, users will need to submit identification documents such as a Passport, Driver Licence and utility bills that show a current address.

CEX.IO uses a four-stage verification to increase each limit (calculated daily). 

Verification Stage

Deposit / Withdrawal Limit

Email verification

$100

ID verification

$3,000 / $10,000

Address verification

$10,000 / $50,000

Enhanced verification

Unlimited

Corporate verification

Unlimited

Depositing Funds

Users can quickly and easily transfer funds to CEX.IO using several deposit methods such as credit/debit card, international transfer, Skrill and local bank transfer as well as cryptocurrencies. The funds are safely stored in a CEX.IO wallet which can be used to buy, trade, sell or withdraw to a hardware wallet.

The time taken for a deposit to reach CEX.IO depends on the crypto asset, number of confirmations required and the blockchain network load. Users that want to increase the daily deposit limit from $3,000 or prefer to use an international payment, bank transfer will need to complete the CEX.IO verification process.

CEX.IO wallet

To deposit funds to CEX.IO, follow these steps:

  • Login to your CEX.IO account
  • Click on the 'Finance' link along the top menu 
  • Search for the preferred payment method (e.g. USD, EUR, GBP)
  • Click on the 'Deposit' button next to the selected currency
  • Choose a payment method (e.g. credit card, Skrill or bank transfer)
  • Enter the amount of crypto to buy
  • Review order and confirm purchase

How To Buy Crypto Instantly Using CEX.IO

CEX.IO offers a safe place to buy, sell and trade cryptocurrencies with fiat currency such as USD, EUR, GBP or RUB. Once you have registered an account, you can buy crypto instantly with your debit/credit card.

To buy crypto instantly, login to your account and navigate to the 'Buy/Sell' page using the link at the top menu. Select the cryptocurrency to purchase using the widget shown below and choose the fiat currency to pay with.

CEX.IO buy crypto

Users can also select a pre-calculated pack which includes the trading fees or enter in a specific purchase amount. Click on the 'Buy' button and proceed to enter the card number and expiry of a credit or debit card to link it to an account. If you already have funds on your CEX.IO balance, you can also use the funds to pay with.

Once you have reviewed the order, click on the 'Buy Now' button which will confirm the purchase. The balance will show in your CEX.IO wallet once the transaction is confirmed on the blockchain.

CEX.IO Trading Platform

CEX.IO offers a simple and easy to use trading platform that will suit beginners who prefer to analyze the price charts to buy, trade or sell at the desired price point using a market or limit order. Users will need to deposit funds into the CEX.IO wallet to fund the account before using the trading platform using these methods:

  • Debit or credit card payment (Mastercard or VISA)
  • Bank transfer (SWIFT, SEPA, ACH, Faster Payments)
  • Cryptocurrency deposit (e.g. BTC)

Once the CEX.IO wallet is funded, traders can open the 'Trade' window to display the charts which are supported on the desktop and mobile app versions. The supported crypto trading pairs are displayed on the left and can be selected to display the chart, recent trades and order history.

CEX.IO trading platform

The default layout displays a price chart to provide a quick overview of price action using candlesticks. While it does not feature any technical indicators or drawing tools, users that rely on technical indicators can click on the “Charts “button in the upper right corner of the page to bring up a new window.

Here, traders that are familiar with using crypto charting websites such as TradingView will be able to draw lines, patterns and add indicators to the price charts. To place an order, users can switch back to the default trading page and use the 'Order Box' as shown below to execute an order.

cex.io orders

CEX.IO offers market and limit orders to allow users on the platform to decide how to execute into a buy or sell order. Compared to the other popular crypto trading platforms, the available order types to the platform is limited and does not include advanced risk management features or tools. However, more orders types and risk management instruments are available on the margin trading platform CEX.IO Broker.

Overall, CEX.IO's trading platform appears to be a good choice for beginners that want to manage their orders to suit the market conditions. Meanwhile, pro traders could find APIs and the platform for margin trading attractive for them too. That said, both novices and veterans could use CEX.IO’s functionality to their benefit.

CEX.IO Mobile App

CEX.IO offers a mobile app that can be downloaded and used on iOS and Android devices. The mobile interface is clean, simple to use and includes intuitive navigation to buy, sell, trade, manage order and funds while on the move. The CEX.IO mobile app is free to everyone and can be used to:

  • Create an account with CEX.IO
  • Complete KYC identity verification
  • Deposit funds using a credit/debit card
  • Buy and sell crypto instantly using the CEX.IO app
  • Trade crypto assets using the trading platform
  • Withdraw fiat currency funds in a few clicks to VISA, Mastercard, as well as crypto withdrawals
cex.io app

CEX.IO Trading Fees

CEX.IO fee structure uses a taker and maker model and based on the 30-day trade volume for all pairs. Traders with a monthly trade volume greater than 6000BTC that provide liquidity to the order book (e.g. using conditional orders) will incur zero-trading fees to buy and sell crypto on the trading platform.

Recently, CEX.IO announced negative fees for market makers for trading crypto-to-USDT pairs during the summer of 2020.

Monthly Trade Volume

Taker Fee

Maker Fee

≤ 5 BTC

0.25%

0.16%

≤ 30 BTC

0.23%

0.15%

≤ 50 BTC

0.21%

0.13%

≤ 100 BTC

0.20%

0.12%

≤ 200 BTC

0.18%

0.10%

≤ 1000 BTC

0.15%

0.08%

≤ 3000 BTC

0.13%

0.04%

≤ 6000 BTC

0.11%

0%

> 6000 BTC

0.10%

0%

CEX.IO Deposit & Withdrawal Fees

CEX.IO fees to deposit and withdraw funds to the exchange varies from $0 and 3.99% depending on the payment method such as debit/credit card, Skrill, bank transfer or SEPA. In comparison to other global fiat-to-crypto exchanges such as Bitit, Coinmama and Coinbase, the deposit and withdrawal fees on CEX.IO are fairly reasonable.

Payment Method

Deposit

Withdrawal

VISA

2.99%

Up to 3% + $5

Mastercard

2.99%

Up to 3% + $5

Skrill

3.99%

1%

Bank transfer

$0

0.3% + $ 25.00

SEPA

€0

€0

Frequently Asked Questions

Is CEX.IO Legit?

CEX.IO is a legitimate cryptocurrency exchange that is registered across several jurisdictions worldwide such as the US, UK, Singapore and Australia. Established in 2013, the platform has built up a trustworthy reputation for transacting cryptocurrencies instantly using a credit/debit card or bank transfer.

Is CEX.IO Safe?

CEX.IO appears to be a safe cryptocurrency exchange that enforces several measures in order to keep user information and funds secure from theft and fraudulent activity. These measures include AML/KYC and Two Factor Authentication. According to the CEX.IO website, zero percent of customers funds have been lost or stolen.

What Countries Are Supported By CEX.IO?

CEX.IO is a global fiat-to-crypto exchange provider that allows credit card and bank transfer transactions to 99% of countries worldwide . Due to card restrictions, the following countries are not supported by CEX.IO and have become restricted for withdrawals:

  • Angola
  • Antarctica
  • Bhutan
  • Botswana
  • Bouvet Island
  • Burkina Faso
  • Cape Verde
  • Chad
  • Christmas Island
  • Colombia
  • Cocos Island
  • Comoros
  • Republic of the Congo
  • Cook Islands
  • Cote d’Ivoire
  • Djibouti
  • Egypt
  • Eritrea
  • Equatorial Guinea
  • Falkland Islands
  • Fiji
  • French Guiana
  • French Southern Territories
  • Guatemala
  • Guinea
  • Guinea-Bissau
  • Haiti
  • Heard and McDonald Islands
  • Indonesia
  • Liberia
  • Mali
  • Mayotte
  • Montserrat
  • Myanmar
  • Nauru
  • Nigeria
  • Niue
  • Norfolk Island
  • Northern Mariana Islands
  • Palestine
  • Pitcairn
  • Puerto Rico
  • Rwanda
  • Samoa
  • Sao Tome and Principe
  • Saint Pierre and Miquelon
  • Saint Helena
  • Sierra Leone
  • Solomon Islands
  • South Georgia and the South Sandwich Islands
  • Swaziland
  • East Timor
  • Tokelau
  • Tonga
  • Tunisia
  • Tuvalu
  • United Nations Interim Administration Mission in Kosovo (UNMIK)
  • Western Sahara
  • Wallis and Futuna

Does CEX.IO Have An Affiliate Program?

CEX.IO affiliate program allows existing users to invite new customers to the platform using a unique referral link to earn a reward. Users can earn 30% of the referred users trading fee on exchange transactions. 

Does CEX.IO Have A Demo Account?

CEX.IO does not have a demo trading account to practice cryptocurrency trading on the exchange. Beginners that want to learn how to trade will need to register with another platform.

Does CEX.IO Accept Pre-Paid Cards?

CEX.IO advise not to use prepaid cards such as Amazon git cards to purchase cryptocurrency on the exchange. To ensure a fast purchase, it is recommended to use a credit or debit card.

CEX.IO Alternatives

crypto.com

Crypto.com

Crypto.com is a global digital asset service that offers a wide range of products to accelerate the adoption of blockchain technology by improving the usability and accessibility of financial payment services using cryptocurrencies.

plus500

Plus500

Plus500 is a CFD providers that offers its massive customer base to trade the world's most popular crypto assets with up to 30x leverage such as Bitcoin, Ethereum, Litecoin, Neo, Ripple XRP, EOS, Cardano, Tron and Monero.

Disclaimer: your capital is at risk

binance

Binance

Binance is the largest cryptocurrency exchange by trade volume and one of the fastest trading services providers for blockchain ecosystem. The exchange has seen an astronomical growth and is a premium crypto trading platform. 

Conclusion

To conclude our CEX.IO review, it is a reputable and trusted cryptocurrency exchange that has developed a wide array of crypto products, features and tools to allow individuals all over the world quick and easy access to obtain cryptocurrency assets using fiat currency like USD with their Visa or Mastercard.

CEX.IO strength lays in its regulatory compliance across several jurisdictions. CEX.IO is  licensed to provide service in the US, registered with Money Services Businesses (MSB) with the FinCEN, received Distributed Ledger Technology (DLT) license issued by the GFSC, and more.

The simple and easy to use interface, variety of products such as instant buy/sell with a credit card, a margin trading exchange, staking platform and feature-rich mobile trading app makes CEX.IO undoubtedly one of the best exchanges in the world to buy and sell cryptocurrency instantly.


It's important to use a global and trustworthy crypto exchange to buy, trade and sell Bitcoin and cryptocurrencies. There are several exchanges that have been hacked or had client funds stolen. The following cryptocurrency trading exchanges - in addition to the above exchange - are well known and trusted to provide a safe and secure way for beginners and professional crypto traders to deposit fiat currency and purchase digital assets. 

  1. Wazirx
  2. Coinmama
  3. eToro
  4. ChangeNOW
  5. Plus500
  6. Coinbase
  7. bitFlyer
  8. OKex
  9. Bitit
  10. Changelly

CEX.IO

4.2

Ease of use

4.5/5

User interface

4.0/5

Deposit methods

4.5/5

Fees

3.5/5

Customer support

4.5/5

Pros

  • Quick and easy to purchase and sell crypto
  • Available in multiple countries worldwide
  • Withdraw fiat profits to Visa or Mastercard
  • Staking to earn rewards
  • 24/7 customer support team

Cons

  • Trading fees a little high
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Kevin
Kevin is the founder of hedgewithcrypto and is passionate about blockchain technology. He has been involved with Bitcoin since 2016 after discovering it's potential as an alternative to fiat currency. He is also a trader with over 8 years of experience and is now trading crypto using various platforms. Now, he is focussed on helping others learn about cryptocurrencies via hedgewithcrypto.

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