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CEX IO review 2023: Pros, cons, fees & more Review

Most users will find this type of trading beneficial as they can make significant gains quickly. However, never enter into a trade that you can’t afford, otherwise, you might end up in a tight spot if things go awry. Limit orders are orders placed to purchase crypto under the market value or to sell it above the market value at a set price. These orders aren’t completed until another user makes the request, and the price matches what you want.

  • Once you are done loading funds to your account, click on Buy/Sell at the top to start buying Bitcoin or Ethereum.
  • It was a little confusing at first what needed to be done to transfer to external wallets but after an update it brought me to a page explaining my card needed to be verified.
  • With no deposit fees, you can justify the withdrawal fees that vary based on the assets you’re using.
  • However, this fee only applies to instant purchases on the platforms.

Companies can ask for reviews via automatic invitations. Labeled Verified, they’re about genuine experiences.Learn more about other kinds of reviews. Whether products shown are available to you is subject to individual Review provider sole approval and discretion in accordance with the eligibility criteria and T&Cs on the provider website. A taker fee is a fee charged when a buy order is matched immediately with a sell order on the books.

Exchange App

While the verification process may be a turnoff for some, for anyone looking for an easy way to purchase cryptos using traditional banking methods then is a viable option. All in all, offers a relatively easy to use service with support across a wide range of countries, and allows people everywhere to purchase Bitcoin and other cryptocurrencies with the minimum of fuss. Margin trading is also on offer for the savviest of traders, although this service has moved from the trading platform to a dedicated margin trading service called Broker.

  • The website is generally well designed, and the trading interface is easy to use, with the entire platform aiming to be user-friendly.
  • Furthermore, the exchange has expanded its services within the US, with MTL licenses that can serve 48 different states.
  • So current buy orders in the order book will determine how much you pay per Bitcoin.
  • By staking your coins, you let them work for you and increase your earnings while they’re sitting in your account.
  • When you’re trading, you’ll see a different fee structure.

In January 2015 the cloud mining operations were shut down and today CEX.IO operates solely as a cryptocurrency exchange. You can use the Exchange feature available in the CEX.IO mobile app. You just need to choose two currencies, one available on your account balance and one you want to receive.

Identity Tier

When comparing offers or services, verify relevant information with the institution or provider’s site. One of CEX.IO’s strongest suits is its customer service.Support is available 24/7. Before you can even get started trading on CEX.IO, you have to go through the rigorous verification process (which usually involves proof of identification). The reason for this is CEX.IO’s commitment to certifications, and compliance with regulations and insurers. CEX.IO supports over 30 cryptocurrencies, but some notable assets are missing. Namely, BNB, XRP and Lido Staked Ether, which are in the top 20 cryptos by market cap. Review

For small sum trading CEX is one of the best in terms of low fees! But I often trade in high quantities and larger than average sums, so the fees add up and I end up paying a fortune… Furthermore, the exchange has expanded its services within the US, with MTL licenses that can serve 48 different states. Great site…very fast and efficient process with little hassle and really good rates on crypto exchange.

CEX.IO customer support

The user interface is very intuitive and even complete newbies will manage to buy cryptocurrencies with it. 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 CEX.IO. Review

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