What is CEX.IO?
The cryptocurrency exchange CEX.IO began in 2013 as a cloud mining provider. As it began its journey towards becoming a crypto exchange, the USD market was the first to be added in 2014, followed shortly after by the EUR market.
Now, CEX.IO is a cross-platform cryptocurrency exchange that can be accessed from the web, mobile app, WebSocket and REST API. This London-based exchange offers buying, selling and trading services for cryptocurrencies, operating as a fiat-to-crypto exchange.
CEX.IO offers a variety of payment options, including credit card, bank account, and paying directly with cryptocurrency.
One of the things that make CEX.IO stand out is that you can buy Bitcoin (BTC) with a VISA card or Mastercard, using the US Dollar, Euro, British Pound, or the Russian Ruble. There are three set options, such as USD $200, USD $500, or USD $1,000, or you can choose your own amount (minimum USD $20, maximum USD $10,000). The price of BTC resets every 120 seconds.
CEX.IO Trading Pairs
At the moment, the only fiat currencies supported on CEX.IO are the USD, EUR, GBP, and RUB. However, numerous trading pairs are offered among those fiats with multiple cryptocurrencies.
The cryptocurrencies supported on CEX.IO are Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Bitcoin Cash (BCH), Stellar (XLM), Dash (DASH), Zcash (ZEC), and Bitcoin Gold (BTG).
The complete list of CEX.IO trading pairs is:
CEX.IO Fee Schedule
Transaction fees are based on the user’s 30-day trade volume for all trading pairs they use. Transaction fees are broken down into maker and taker fees, the maker fees ranging between 0% and 0.16% and the taker fees ranging between 0.10% and 0.25% (the higher the trading volume, the lower the fee).
Deposit and withdrawal fees depend on the currency and the individual payment method. Check out the chart below for the breakdown:
Like deposit and withdrawal fees, margin trading fees are dependent, this time on the token and the trading pair. The chart below breaks the margin trading fee system down.
Security is a high priority for CEX.IO. Some of its safety features include:
- two-factor authentication
- encrypted data
- cold storage for cryptocurrency funds
- AML and KYC processes for registration
CEX.IO Pros and Cons
As with any crypto exchange, there are pros and cons to CEX.IO’s set up. It’s important to take everything into consideration when choosing the best cryptocurrency exchange for you, also keeping in mind what you want to get out of an exchange.
- Buying Bitcoin direct with credit card
- Supports both fiat and multiple cryptos
- Exchange rates are usually between 0.5% and 2%
- High trading volume
- Good security
- Limited number of fiat currencies supported
- Fees are high in comparison to some other exchanges
- No advanced order types
CEX.IO is an established cryptocurrency exchange based out of London that offers buying, selling, and trading services for cryptocurrencies. It’s a highly secure exchange and offers good trading volume.
Features such as being able to purchase Bitcoin with a credit card are what sets CEX.IO apart from many other crypto exchanges out there.
If you would like to sign up to CEX.io click here.