CEX.IO Review: 5 Things To Know Before Using

Updated: Jan 19th, 2022
Kevin Groves
Kevin Groves
CEX.IO Review: 5 Things To Know Before Using

CEX.IO is considered as one of the best fiat to crypto exchanges that allows individuals to buy Bitcoin instantly using its website or mobile app. The exchange supports multiple payment methods, including credit cards, debit cards, bank transfers, Skrill and more. In this review, we examine the five most important aspects so you can make an informed decision.

CEX.IO

Trading Fees:0.25% / 0.15%
Country:Global (USA allowed)
Currency:USD, GBP, EUR & RUB
Promotion:None available at this time

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% + 0.15%
  • Instantly withdraw your fiat profits to VISA or Mastercard
  • Powerful trading and charting with TradingView integration

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% + 0.15%
  • Instantly withdraw your fiat profits to VISA or Mastercard
  • Powerful trading and charting with TradingView integration

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.

Ease of useStarStarStarStarEmpty Star
ReputationStarStarStarStarEmpty Star
Deposit methodsStarStarStarStarEmpty Star
FeesStarStarStarStarEmpty Star

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

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 websitecex.io website

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 best crypto exchanges in Australia.

Quick Overview

Exchange NameCEX.IO
Fiat CurrencyUSD, GBP, EUR & RUB
CryptocurrencyBTC, ETH, USDT, XRP & 101 others
Payment TypeDebit/credit card, bank transfer, SWIFT, SEPA, ACH, Faster Payments & cryptocurrency
Trading Fee0.25% / 0.15%
Deposit Fee$0 bank transfers, 2.99% credit/debit card
Withdrawal Fee0.3% + $ 25.00 bank transfer
Mobile AppYes

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.

ExchangeCrypto AssetsTrading FeesRatingPromotionWebsiteReview
Binance Logo

Binance

3970.1%
Overall 4.8/5StarStarStarStarEmpty Star
20% off trading feesVisit BinanceBinance Review
Coinbase Logo

Coinbase

1460.5%
Overall 4.8/5StarStarStarStarEmpty Star
$5 BTC bonus (USA only)Visit CoinbaseCoinbase Review
eToro Logo

eToro

200+Spread only
Overall 4.5/5StarStarStarStarEmpty Star
None available at this timeVisit eToroeToro Review
cex.io logo

CEX.IO

100+0.25% / 0.15%
Overall 4.2/5StarStarStarStarEmpty Star
None available at this timeVisit CEX.IOCEX.IO Review

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 token holdings by participating in staking crypto
  • 24/7 customer support team

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.

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 StatusDeposit & Withdraw Limit
Email verification$100
ID verification$3,000 / $10,000
Address verification$10,000 / $50,000
Enhanced verificationUnlimited
Corporate verificationUnlimited

Deposit Options

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 balancecex.io wallet balance

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

Buying Crypto Instantly

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 buying cryptocex.io buying 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 platformcex.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 order windowcex.io order window

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.

What Are The Fees?

Trading Fees

CEX.IO fee structure uses a taker and maker model that starts at 0.25% and 0.15% respectively. The fees reduce 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.

Trade Volume (30d)Trading Fee
≤ $10,0000.25% / 0.15%
≤ $100,0000.23% / 0.13%
≤ $500,0000.21% / 0.09%
≤ $1,000,0000.20% / 0.07%

For the full breakdown of trading fees, visit the website.

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 TypeDeposit FeeWithdrawal Fee
VISA/Mastercard2.99%Up to 3% + $5
Skrill3.99%1%
Bank transfer$00.3% + $ 25.00
SEPA€0€0

Is There A 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 mobile appcex.io mobile app

Frequently Asked Questions

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.

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

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.

CEX.IO does not have a demo trading account. Beginners that want to learn how to trade without making a deposit will need to register with another platform such as Plus500.

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.

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.

Visit CEX.IO

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.

Related articles
Share this post
Or copy link
Kevin GrovesKevin GrovesKevin Groves

Kevin is the founder and chief editor at HedgewithCrypto that he started in 2019 which has reached over 1.5 million visitors worldwide. He is passionate about cryptocurrency as an emerging technology and is heavily involved in the fast-growing fintech space. An experienced trader growing his portfolio since 2016, he has a strong understanding of investing in the crypto market using exchanges, brokers and derivatives platforms.

Twitter logoFacebook logo
Sign up for latest news
Stay up to date with our latest exchange reviews, promotions, how-to guides and educational articles on Bitcoin, cryptocurrency & more.
All content on www.hedgewithcrypto.com is provided solely for informational purposes. This information should not be misinterpreted as an endorsement to buy, trade or sell a cryptocurrency or any specific product or service. The opinions expressed in this blog do not constitute investment advice and independent financial advice should be sought where appropriate.
Copyright © 2022 hedgewithcrypto