CEX.IO: What Is It?
A well-known cryptocurrency exchange platform that you certainly know is CEX.IO. It is renowned for having a large selection of trading alternatives, a user-friendly interface, and security features. Since its founding in 2013, CEX.IO has accepted a variety of payment options, including as bank transfers, cryptocurrency deposits, and credit and debit cards.
You can trade a variety of cryptocurrencies with CEX.IO, including those listed on the CEX.IO coin list, such as Dogecoin, Litecoin, Ethereum, and Bitcoin. Numerous trading pairs are available on the platform as well, including as BTC/USD, ETH/USD, LTC/USD, and DOGE/USD. Furthermore, you are able to trade cryptocurrencies against one another, including DOGE/BTC, LTC/BTC, and BTC/ETH.
Finally, you may securely store your cryptocurrency holdings with the CEX.IO wallet. The bulk of your funds are stored on the site in cold storage, which keeps them safe from prospective hackers and offline.
How to Register for a CEX.IO Account
You must register for an account if you want to trade cryptocurrencies on CEX.IO.
The procedure is simple.The steps are as follows:
- Go to the CEX.IO website and select “Register”;
- Type in your email address and select a password
- Click the link that is provided to your email to confirm your email address
- Finish the KYC process by supplying identification documentation and personal data
- Select your payment option to fund your account.
You can use the platform to trade cryptocurrencies after completing these steps. It’s vital to remember that CEX.IO has stringent KYC standards, meaning that before you can begin trading, you must submit personal data and identification documentation. This is carried out in order to protect the platform’s security and stop fraud.
Is CEX.IO Secure?
Because CEX.IO takes security seriously, it has put in place a number of safeguards to keep user money and personal data safe.
Two-factor authentication (2FA) is a crucial security feature that CEX.IO employs for both withdrawal and login. This implies that in order to access your account or make a withdrawal, you will need to enter a code and your login information. In order to safeguard user information, CEX.IO also employs SSL encryption. The majority of its funds are kept in cold storage, which keeps them offline and safe from any hacker attacks.
Additionally, CEX.IO employs a specialized group of security professionals that keep a close eye on the platform to spot any risks. By limiting account access to particular IP addresses, IP whitelisting is a feature that users of the platform can enable. Moreover, users can configure email alerts for account activity and automatic session logouts.
Lastly, Financial Conduct Authority (FCA) and Financial Crimes Enforcement Network (FinCEN) of the United States oversee CEX.IO, a corporation registered in the United Kingdom. To safeguard customers’ money and private data, the platform must abide by stringent legal standards.
Account Management
You can manage your account and keep track of your trading activity using an easy-to-use dashboard on CEX.IO once you’ve registered an account. Order history, transaction history, and real-time market data are all available on the dashboard. To remain updated on market developments, you may also set up price alerts.
One of the account management tools provided by CEX.IO is the ability to set up recurring buys. If you wish to invest in cryptocurrencies on a regular basis, this can be useful since it enables you to buy them on a predetermined timetable. In the event that the price of your cryptocurrency falls below a predetermined level, you may also put up a stop order to sell it automatically.
Users of IOS and Android can download the CEX.IO app in addition to the desktop platform. With real-time market data, trading charts, and order history available on the mobile app, managing your account while on the road is made simple.
Additionally, CEX.IO provides a wallet service that lets you securely store your cryptocurrency holdings. The majority of the funds on the network are stored in cold storage, which keeps them offline and shields them from possible hackers.
CEX.IO Staking Services
For well-known coins like Ethereum, Cosmos, Ada, and Tezos, CEX.IO provides staking services if you’re interested in generating passive income from your cryptocurrency holdings. By staking, you can gain incentives in the form of extra coins or tokens while holding and validating transactions on the network.
Staking is made simple and accessible with CEX.IO since it lets you stake assets straight from your account. Technical know-how is not required, as the platform handles all the technical facets of staking, including software updates and node maintenance. On CEX.IO, staking incentives change based on the coin and network circumstances. Still, as payment for your assistance in keeping the network secure, you can receive a portion of your staked assets.
CEX.IO Fees and Pricing
You should be aware of the costs involved in purchasing, selling, and trading cryptocurrencies on CEX.IO. CEX.IO uses a maker-taker fee model and based its trading fees on your 30-day trading volume. You will be billed a taker fee if your order is filled right away. Should your order not be filled right away, you will be billed a maker fee.
The CEX.IO charge schedule for a 30-day trading volume up to $100 million is as follows:
| 30-DAY TRADING VOLUME | 30-DAY TRADING VOLUMECEX.IO MAKER FEES | CEX.IO TAKER FEES |
| Up to $10,000 | 0.15% | 0.25% |
| Over $10,000 to $100,000 | 0.13% | 0.23% |
| Over $100,000 to $500,000 | 0.09% | 0.19% |
| Over $500,000 to $1,000,000 | 0.07% | 0.17% |
| Over $1,000,000 to $2,500,000 | 0.05% | 0.15% |
| Over $2,500,000 to $5,000,000 | 0.03% | 0.13% |
| Over $5,000,000 to $10,000,000 | 0.01% | 0.11% |
| Over $10,000,000 to $20,000,000 | 0.00% | 0.10% |
| Over $20,000,000 to $50,000,000 | 0.00% | 0.08% |
| Over $50,000,000 to $100,000,000 | 0.00% | 0.07% |
| Over $200,000,000 to $500,000,000 | 0.00% | 0.05% |
| Over $500,000,000 to $1,000,000,000 | 0.00% | 0.04% |
| Over $1,000,000,000 to $2,000,000,000 | 0.00% | 0.03% |
| Over $2,000,000,000 to $5,000,000,000 | 0.00% | 0.02% |
| Over $5,000,000,000 | 0.00% | 0.01% |
CEX.IO charges fees not only for trading but also for deposits and withdrawals. Commissions, withdrawal fees, and deposit fees are among the costs that may apply, depending on the mode of payment. According to the most often used payment methods, this is the CEX.IO charge schedule for deposits and withdrawals (additional information is available on the official website):
| PAYMENT METHOD | CEX.IO DEPOSIT FEES | CEX.IO WITHDRAWAL FEES |
| Visa | 2.99%–3.99% + service charge | Service charge: Up to 3% + $1.20. Commission: Up to $3.80 |
| Mastercard | 2.99%–3.99% + service charge | Service charge: Up to 1.8% + $1.20. Commission: Up to 1.2% + $3.80 |
| PayPal | 1.49% for UK residents 2.99%–3.99% + service charge |
Service charge: 1% + $5. Commission: 2% (maximum $16) |
| Google/Apple Pay | 2.99%–3.99% + service charge | Not available |
It’s important to keep in mind that costs for deposits and withdrawals can be complex and vary depending on the payment method used.
Client Assistance
It is crucial to have dependable customer service when utilizing any cryptocurrency exchange in case you run into any problems. Customer service for CEX.IO can be contacted by email, live chat, and an extensive online support center.
In addition to offering solutions to often asked issues, the online help center features a knowledge base covering a variety of topics pertaining to using the platform. You can open a support ticket and the CEX.IO staff will respond to you as soon as they can if you are unable to discover the answer to your query.
In addition to its online help center, CEX.IO offers a live chat function that is open around-the-clock. If you have a short inquiry or require assistance right away, this can be a fantastic alternative. You can find the live chat feature at the bottom right corner of the website, and you may anticipate hearing back from someone in a matter of minutes.
Unfortunately, customer service was not available by phone when I was writing my CEX review, but this is a common occurrence for bitcoin exchanges.
Customer Reviews
It’s crucial to consider customer reviews while selecting a cryptocurrency exchange in order to gain insight into other users’ experiences with the platform. Online customer reviews for CEX.IO are overwhelmingly good.
Many consumers give CEX.IO high marks for having an easy-to-use interface, a large assortment of cryptocurrencies, and quick transaction timeframes. The platform’s convoluted deposit and withdrawal procedure has been brought up by others.
The majority of CEX.IO reviews are positive and originate from users who are pleased with the platform’s feature set and general dependability, despite a few unfavorable remarks. But keep in mind that no exchange is flawless, so before making any investments, do your homework. This can assist you in selecting the platform that best meets your requirements and financial objectives.
Summary of CEX.IO Review
Upon closer inspection, CEX.IO appears to be a very feature-rich cryptocurrency exchange. With its extensive list of traded assets, dedication to security, and user-friendliness, CEX.IO has made a name for itself in the cryptocurrency industry.
Why not sign up for the CEX.IO community and begin taking advantage of all the fascinating opportunities? CEX.IO offers a large range of cryptocurrencies, an easy-to-understand pricing structure, and excellent security features, providing all you need to advance your cryptocurrency career.
FAQ
How much does CEX.IO charge on BTC purchases?
CEX.IO uses a maker-taker fee model and based its trading fees on your 30-day trading volume. The highest taker fee is 0.16%, and the highest creator fee is 0.25%.
What cryptocurrencies can I trade on CEX.IO?
More than 200 tokens and cryptocurrencies, including well-known coins like Dogecoin, Ethereum, and Bitcoin, are available for trade on CEX.IO.
Which payment options are available on CEX.IO?
Bank transfers, credit/debit cards, and e-wallets like PayPal are just a few of the payment options that CEX.IO takes.
Is CEX.IO reputable?
Indeed, CEX.IO, a reputable cryptocurrency exchange that has been in business since 2013, is real. It has many licenses in the UK, Europe, and Cyprus in addition to being registered with FINCEN in the United States.
What charges are related to utilizing CEX.IO?
Based on your 30-day trading volume, CEX.IO employs a maker-taker fee model. The payment type selected determines the fees associated with deposits and withdrawals.
Is CEX.IO a secure platform?
Because CEX.IO takes security seriously, your assets are protected by cutting-edge techniques like SSL encryption and two-factor authentication.
How do I register for a CEX.IO account?
Just register on the official website and finish the verification process to open an account on CEX.IO. Explore your account management choices in greater detail by reading our whole CEX.IO review above.
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