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CEX.IO Review

Hedge with Crypto aims to publish information that is factual and accurate as of the date of publication. For specific information about a cryptocurrency exchange or trading platform please visit that provider’s website. This information is general in nature and is for educational purposes only. Hedge with Crypto does not provide financial advice nor does it take into account your personal financial situation. We encourage you to seek financial advice from an independent financial advisor where appropriate and make your own inquiries.

Our Take

4.2 / 5
HedgewithCrypto Score We provide an overall weighted average rating out of 5 stars. Our ratings are based on objective criteria like the ease of use, fees, deposit methods, customer support and availability. Our reviews are not influenced by 3rd parties. Click here for further information about our rating methodology and a full list of categories we review against.

Bottom line:

CEX.IO is a trustworthy and popular cryptocurrency exchange that strongly focuses on providing a beginner-friendly platform for rapid purchases. It is a licensed crypto provider in several jurisdictions that supports four fiat currencies using several payment types. On the other hand, the disadvantages of using CEX.IO are its trading and withdrawal fees, which are above market rates. CEX.IO would be an excellent platform for new and experienced crypto investors if the fees could be lowered.

  • Trading Fees:

    0.25% / 0.15%

  • Currency:

    USD, GBP, EUR & RUB

  • Country:

    Global (USA allowed)

  • Promotion:

    None available at this time

Pros and cons

  • Well-established crypto exchange that is licenced in several countries (including the USA)
  • Broad range of products and services for beginners and experienced investors
  • Supports a variety of fiat currencies that can be deposited with several payment options
  • Customers can withdraw fiat currency back to a VISA or Mastercard
  • Not suitable for serious crypto traders due to low liquidity
  • Trading fees are a little high compared to other global trading platforms
  • Trading platform is outdated and does not have advanced order types
  • CEX.IO broker for derivatives trading is separate to CEX.IO

How We Rated CEX.IO

Review CriteriaHedge With Crypto Rating
Features4.7 / 5
Supported Fiat and Deposit Methods4 / 5
Supported Crypto & Trading Pairs4 / 5
Fees3.8 / 5
Ease of Use4.8 / 5
Customer support4.4 / 5
Security Measures4.5 / 5
Mobile App4.2 / 5

What Is CEX.IO?

CEX.IO is a cryptocurrency exchange 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. It 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 website

Users on CEX.O can buy Bitcoins instantly using its website or mobile app, which is available on iOS and Android. With its support of multiple payment methods, including credit cards, debit cards, bank transfers, Skrill, and more, CEX.IO is considered one of the best platforms for crypto trading.

CEX.IO prides itself on stability, providing trouble-free service backed by 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.

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 Features We Liked

CEX.IO users of the platform can access several features, including instant crypto purchases with a credit card, a 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 latter 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

CEX.IO Compared

EXCHANGE CRYPTO ASSETS TRADING FEES RATING PROMOTION WEBSITE REVIEW
BinanceBinance

385

0.1% (spot) and 0.02% / 0.04% (Futures)

Rating
We provide an overall weighted average rating out of 5 stars. Our ratings are based on objective criteria like the ease of use, fees, deposit methods, customer support and availability. Our reviews are not influenced by 3rd parties. Click here for further information about our rating methodology and a full list of categories we review against.
4.8 / 5

Up to $100 welcome bonus

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Coinbase LogoCoinbase

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0.4% (maker), 0.6% (taker)

Rating
We provide an overall weighted average rating out of 5 stars. Our ratings are based on objective criteria like the ease of use, fees, deposit methods, customer support and availability. Our reviews are not influenced by 3rd parties. Click here for further information about our rating methodology and a full list of categories we review against.
4.7 / 5

$5 BTC bonus (USA only)

Visit Coinbase Coinbase Review
eToroeToro

79

1%

Rating
We provide an overall weighted average rating out of 5 stars. Our ratings are based on objective criteria like the ease of use, fees, deposit methods, customer support and availability. Our reviews are not influenced by 3rd parties. Click here for further information about our rating methodology and a full list of categories we review against.
4.7 / 5

None available at this time

Visit eToro Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. [website domain name] is not an affiliate and may be compensated if you access certain products or services offered by the MSB. eToro Review

CEX.IO Verification

New users of CEX.IO can make a deposit or withdrawal of 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 must submit personal information and identification documents such as a Passport, Driver's License, and utility bills showing 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 cards, international transfers, Skrill, and local bank transfers, 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 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 the order and confirm the purchase

Buying Crypto Instantly

CEX.IO offers a safe place to buy, sell, and trade cryptocurrencies with fiat currencies 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 below and choose the currency to pay with. The user interface is simple, similar to Paybis and Coinmama.

cex.io buying crypto

Users can also select a pre-calculated pack with conversion fees or enter 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.

Once you have reviewed the order, click the ‘Buy Now' button to confirm the purchase. The balance will show in your CEX.IO wallet once the blockchain confirms the transaction.

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 using candlesticks to provide a quick overview of price action. While it does not feature any technical indicators or drawing tools, users who 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 familiar with crypto charting websites such as TradingView can draw lines, patterns, and indicators to the price charts. To place an order, users can switch to the default trading page and use the ‘Order Box,' as shown below.

cex.io order window

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

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

CEX.IO Fees Explained

Trading Fees

The CEX.IO fee structure uses a taker and maker model that starts at 0.25% and 0.15%, respectively. The fees are reduced based on the 30-day trade volume for all pairs. Traders with a monthly trade volume greater than 6000BTC who 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%
≤ $500,0000.19% / 0.09%
≤ $1,000,0000.17% / 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 vary between $0 and 3.99% depending on the selected payment method, such as debit/credit card, Skrill, bank transfer, or SEPA. However, some platforms 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

There Is 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, and manage orders 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, and crypto withdrawals.

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