CEX.IO Review: 5 Things To Know Before Using

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 Bitcoins 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 platforms for crypto trading.

Key  Features:

  • Quick and easy to buy and sell crypto
  • Supports credit/debit card, bank transfer and Skrill
  • Accepts fiat currencies like USD, GBP, EUR and RUB
  • Volume based fee structure starting at 0.25% + 0.16%
  • Instantly withdraw your fiat profits to VISA or Mastercard
  • Powerful trading and charting with TradingView integration

overall 

4.2/5

Ease of use

User interface

Fees

Security

This post contains affiliate links with our partners who may compensate us. Read our disclaimer for further information.

While we aim to provide you with accurate and the latest information on its features, user interface and 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. Also, it is good security practise to use a Bitcoin hardware wallet such as the Ledger Nano X before you start trading cryptocurrency. If you don't have a wallet, read our guide on the best crypto wallets. 

CEX website

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 money 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 (BTC), Bitcoin Cash (BCH), Ethereum (ETH), XRP, Stellar (XLM), Litecoin (LTC), Tron (TRX) and many others.

CEX.io purchase crypto

Quick Overview

Exchange Name

CEX.IO

Fiat Currency

USD, GBP, EUR & RUB

Cryptocurrency

BTC, ETH, USDT, XRP & 80 others

Payment Type

Debit/credit card, bank transfer, SWIFT, SEPA, ACH, Faster Payments & cryptocurrency

Trading Fee

0.25% maker, 0.16% taker

Deposit Fee

$0 bank transfers, 2.99% credit/debit card

Withdrawal Fee

0.3% + $ 25.00 bank transfer

Mobile App

Yes

CEX.IO Compared

Advanced features, user friendly 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

Trading Fees

Rating

Review

Promotion

Website

binance

Binance

0.1%

4.8/5

10% off trading fees

coinbase

Coinbase

0.5% - 3.99%

4.7/5

$5 BTC bonus (USA only)

FTX Exchange

FTX

0.02% / 0.07%

4.6/5

5% off trading fees

For USA, visit FTX.US

Is CEX.IO Legit?

CEX.IO is a legitimate and trustworthy cryptocurrency exchange that has a good reputation in the industry. The exchange is registered across several jurisdictions worldwide such as the United States, United Kingdom, Singapore and Australia. Established in 2013, the exchange is registered with FinCEN in the United States and as a Money Services Business (MSB) to operate as a crypto exchange in the United Kingdom.

Similarly, CEX.IO has obtained the necessary licences with AUSTRAC to legally provide its services for residents in Australia. For a list of other reputable providers, read our comparison article on the top crypto exchanges in Australia.

Is CEX.IO Safe To Use?

CEX.IO appears to be a safe cryptocurrency exchange that uses 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.

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:

  • User friendly interface
  • Quick and easy to purchase and sell crypto
  • Multiple payment methods such as credit/debit card, bank transfer and Skrill
  • Accepts fiat currencies like USD, GBP, EUR and RUB
  • High liquidity order-book with low spreads
  • Margin platform for crypto CFD trading to long or short Bitcoin
  • Advanced order-matching algorithms
  • Cross-platform trading via website, 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 the platform which allows users to sell coins instantly withdraw fiat profits to a VISA or Mastercard or to CEX.IO balance
  • Allows residents in the US to buy crypto with credit cards
  • An affiliate program that rewards you for bringing more users to the platform
  • CEX.IO Staking to increase your holdings by storing coins like Cardano to earn ADA tokens
  • 24/7 customer support team

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

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 personal information and 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 or 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 transfer speed of crypto deposits will depend on the asset, number of confirmations required and the blockchain network load. Verified accounts can increase the daily deposit limit from $3,000, use an international payment or bank account transfer.

CEX.IO wallet

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

  • Login to your CEX.IO trading account
  • Click on the 'Finance' link along the top menu 
  • Search for the preferred payment currency (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 currency to pay with. The simplicity of the user interface is similar to the likes of Paybis and Coinmama.

CEX.IO buy crypto

Users can also select a pre-calculated pack which includes the conversion 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.

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.

Not all cryptocurrency exchanges are the same.

COMPARE CEX.IO WITH OTHERS

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 fees to buy and sell crypto.

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%

Deposit & Withdrawal Fees

CEX.IO fees to deposit and withdraw funds to the exchange varies from $0 and 3.99% depending on the selected payment method such as debit/credit card, Skrill, bank transfer or SEPA. In comparison to other fiat-to-crypto exchanges such as OKEX, Coinfloor, EXMO and Bitpanda, the deposit and withdrawal fees on CEX.IO are fairly reasonable. Although, there are platforms that have 0% deposit and withdrawal charges such as Uphold.

Payment Methods

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

Are US Traders Allowed?

CEX.IO is a supported cryptocurrency exchange in the USA which allows US investors and traders to buy and sell digital assets on the platform. Before getting started, customers will need to complete an ID verification process to deposit and withdraw funds. 

What Countries Are Supported On 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. 

Can You Demo Trade Crypto On CEX.IO?

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 currencies 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.

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 Groves
Kevin is the founder of hedgewithcrypto and is passionate about blockchain technology. He has been involved with Bitcoin since 2016 and is a swing trader with over 10 years of experience. He loves trading crypto using various platforms and helping others learn about cryptocurrencies via hedgewithcrypto.