CEX.IO Review 2022

CEX.IO Review Summary

CEX.IO is a secure online platform for trading, which offers a number of security features. It also verifies your identity through a verification process, which helps ensure your account's security. CEX.IO's app allows you to buy and sell a wide range of cryptocurrencies, making it an ideal choice for beginners. The app is convenient and allows you to transfer funds in a flash. CEX.IO is one of the safest and most secure exchanges. If you're planning to hold on to your cryptos for a long time, it's advisable to transfer them to a wallet before making a purchase. The app also includes order notifications and price alerts, which allow you to make an informed decision.

CEX.IO review
What Do CEX.IO Offer?

πŸ‘‘ Cryptocurrencies BTC, USDT, BCH, LTC, DASH, ETH, XRP, ATOM, ADA, TRX
πŸ“ˆ Securities tradable 22 cryptocurrencies
πŸ’΅ Cost per trade Maker: 0-0.16%
💬 Customer service Email : Yes, Phone support : Yes, live chat : Yes.
πŸ’° Desposit Fees VISA & Mastercard: 2.99% (USD), (GBP), (EUR) , (RUB)
πŸ’° Withdrawal Fees Mastercard and VISA: Fees vary
πŸ’° Payment Methods Bank transfer (ACH)
πŸ”‹ Mobile app IOS App : Yes, Google Play Android App : Yes

Initially, CEX.IO only offered trading via Bitcoin, but gradually started adding more digital currencies that suited its decentralized standards. It has now expanded its list to include more digital currencies like Litecoin, Ethereum, XRP, as well as many others that offer promise and suit its criteria.

CEX.IO is a cryptocurrency platform that was founded in 2013 the current CEO is Oleksandr Lutskevych. CEX.IO has headquarters in London, London and offers the buying and selling of over 22 cryptocurrencies to customers all over the world. Buying and selling cryptocurrency can be done online. If you are looking to trade crypto using your mobile phone, CEX.IO offers native mobile apps to buy and sell cryptocurrencies, directly from your phone.

You can use exchanges to trade one cryptocurrency for another like Bitcoin to Dogecoin. With CEX.IO you can also exchange your cryptocurrency with fiat currency, such as the UK Pound or US Dollar.

CEX.IO Review

CEX.IO Review

Risk warning : Trading cryptocurrencies is high risk. When trading CFDs losses may exceed deposits.

CEX.IO review
CEX.IO Best For

CEX.IO works best particularly for active retail traders seeking to trade as well as store multiple digital currencies, as it offers an element of convenience. The platform also happens to be a viable option for institutions and businesses looking to utilize digital currencies, and it allows traders to convert one digital currency to another.

CEX.IO review
CEX.IO Advantages

Following are the advantages of using CEX.IO:

  • CEX.IO has been in business longer than 2 years
  • CEX.IO offers over 20 cryptocurrencies.
  • CEX.IO offers a wide range of fiat currencies.
  • CEX.IO offers Livechat support.
  • CEX.IO offers phone support.
  • CEX.IO offers email support.
  • CEX.IO offers an Android Google Play Store mobile app.

Easy UI

CEX.IO is considered one of the simplest platforms for cryptocurrency investing. You can easily register and deal in digital currencies within minutes. CEX.IO also offers a learning platform that rewards users with cryptocurrencies to learn about how they work.

Wide Crypto Selection

CEX.IO has an impressively extensive range (over a hundred and growing) of digital currencies that you can trade, not to mention the most popular ones like Bitcoin, Cardano, Solana, and many more. This is in stark contrast to other financial applications or brokers that offer the promise of cryptocurrency trading but provide only a few of the most popular coins.

High Liquidity

High liquidity guards investors from price slippages in a market that is already volatile. CEX.IO currently ranks among the highly liquid exchanges.

Opportunities For Earning

CEX.IO offers an entire course of tutorials and exams as a means of educating users about digital currency trading as well as some of the digital currencies being offered. Taking classes also earns you certain digital currencies.

Cryptocurrency Custody

Contrary to brokers focused on trading, CEX.IO enables traders to take custody of their cryptocurrency assets for themselves. CEX.IO provides its cryptocurrency wallet, but traders can bring their wallets. This way, traders can pick the solution that suits them the most.

Staking Rewards

CEX.IO also enables traders holding digital currencies with them to take part in staking rewards. Staking is similar to earning interest with a bank account. This, however, comes with different risks. Staking generates revenue from traders’ holdings as they are utilized for validating transactions in a digital currency. CEX.IO shares that type of reward with its traders. CEX.IO takes care of the technical side, and the extra coins are sent to the trader’s account on an established schedule.

CEX.IO review
CEX.IO Disadvantages

Following are the disadvantages of CEX.IO:

  • CEX.IO does not offer PayPal as a payment method
  • CEX.IO does not offer Neteller as a payment method
  • CEX.IO does not offer Skrill as a payment method
  • CEX.IO charges withdrawal fees

Insufficient Variety Of Altcoins

Although CEX.IO has a vast variety of altcoin choices for beginner investors to interest themselves in. Those seriously wanting to trade in altcoins may not find a good selection there.

Higher Fees And Their Lack Of Transparency

CEX.IO has higher fees compared to other exchanges. Its fee structure can also be confusing. If you are using CEX.IO β€˜s basic platform, you will not be able to find a schedule before you proceed to place a trade.

CEX.IO review
CEX.IO Cryptocurrency Choice

CEX.IO allows you to trade around 22 digital currencies including BTC, USDT, BCH, LTC, DASH, ETH, XRP, ATOM, ADA, TRX and many more.

CEX.IO review
What Cryptocurrencies Are On CEX.IO

CEX.IO has 22 cryptocurrencies available to registered users. These cryptocurrencies include BTC, USDT, BCH, LTC, DASH, ETH, XRP, ATOM, ADA, TRX.

CEX.IO review
CEX.IO Stablecoins

CEX.IO offers its own stablecoin called CEX.IO. Stablecoins are meant to mitigate volatility in relation to digital currencies like Bitcoin. Stablecoins are usually pegged to stable reserve assets like the US dollar or gold. Traders can buy stablecoins on CEX.IO.

CEX.IO review
CEX.IO Altcoins

CEX.IO has a decent variety of altcoins for traders to choose from with over 22crypto assets including alt coins listed on CEX.IO.CEX.IO has a decent variety of altcoins for traders to choose from with over .

CEX.IO review
Trading Cryptocurrency With CEX.IO

Different cryptocurrencies at CEX.IO come with different limitations and set withdrawal amounts. You may only be able to trade some with fiat currencies like the US dollar. Some may also be restricted in some countries. Users can buy cryptocurrencies via debit card. They can also purchase crypto with funds in their CEX.IO wallet.

CEX.IO Crytocurrency To Crytocurrency Trading

CEX.IO has upwards of 22 cryptos available in multiple regions of the world.

CEX.IO Crytocurrency To Fiat Currency Trading

CEX.IO review
CEX.IO Cryptocurrency Custody And Ownership

CEX.IO allows users to take custody of their cryptocurrency assets themselves. Users can either use CEX.IO’s crypto wallet, or their own. CEX.IO also has over 4 fiat currencies available including USD, EUR, GBP, RUB all accessible to registered users.

CEX.IO review
CEX.IO Staking Rewards

CEX.IO enables customers holding crypto to take part in staking rewards. It is similar to interests in a bank account; however, it comes with its risks. This generates revenue from a user’s holdings because they are used to authorize crypto transactions. That revenue is shared with customers.

CEX.IO review
CEX.IO Fees

CEX.IO Users will have to pay a Maker: 0-0.16% trading fee as well as deposit fees of VISA & Mastercard: 2.99% (USD), (GBP), (EUR) , (RUB) when buying and selling cryptocurrency with CEX.IO.

CEX.IO review
CEX.IO Network Fee

Outgoing CEX.IO transactions to outside crypto addresses normally require a network fee, also known as a mining fee. This ensures the processing of transactions on crypto networks. This fee is then forwarded to crypto miners, the systems processing the transactions.

CEX.IO review
CEX.IO Trading Commissions

Trading commissions at CEX.IO work similarly to traditional share dealing fees. That means users have to pay a variable commission. The standard trading commission at CEX.IO is 1.49 percent, so users will have to pay this percentage when they buy or sell a digital currency.

CEX.IO review
Withdrawal Fees

With CEX.IO standard cryptocurrency to fiat withdraw fees varies by cryptocurrency, instant cash-out of your CEX.IO account. A withdrawal fee of (Mastercard and VISA: Fees vary) may also be required for certain 3rd party payment methods instead of using cleared bank funds.

CEX.IO Currency Conversion Fees

CEX.IO charges a percent flat fee on all currency conversions which you will have to factor into your crypto trading.

CEX.IO Payment Methods

The payment methods offered at CEX.IO are Bank transfer (ACH). CEX.IO also offer wallet, wire transfer, crypto conversion, ACH transfer, and credit transactions.

CEX.IO review
CEX.IO Withdrawal Methods

If you have cryptocurrency or traditional fiat currency in your CEX.IO account and want to withdraw it, you must use the same payment method that you used to deposit it. This is because of anti-money laundering legislation.

CEX.IO review
Withdraw Fiat Currency From CEX.IO

Users can withdraw their digital currency from CEX.IO to fiat at any time through an ACH transfer. Such transfers usually take 1-2 working days to complete. CEX.IO also allows instant cash-outs that run twenty-four-seven, to cards or bank accounts in exchange for extra fees (1 percent).

CEX.IO review
CEX.IO Security

Contrary to holding cash in a traditional bank, cryptocurrency is not secured under federal laws. CEX.IO stores 98 percent of its users’ cryptocurrency offline in what is known as cold storage. The remaining 2 percent is meant for facilitating trading volume. The platform also has an insurance policy that protects users’ cryptocurrency holdings.

CEX.IO holds its customers crypto in its free wallet service. Users can even choose to hold their cryptocurrencies in separate wallets. CEX.IO requires its users to finish a 2-factor authentication process to log in to their accounts. Other than that, CEX.IO also has biometric login (fingerprints and Face ID) security as well as AES-256 encryption when it comes to private keys. Aside from all this, it helps to use strong passwords, i.e., ones that should not be used elsewhere.

CEX.IO holds your cash in one of three locations: custodial accounts found at US banks, US money market funds, US Treasuries and for European CEX.IO clients FCA regulated European banks may be used.

CEX.IO review
CEX.IO Two Factor Authentication - 2FA

CEX.IO does offer two-factor authentication for added security.

CEX.IO Specific Device Whitelisting

Specific device whitelisting is a feature that enables cryptocurrency withdrawals to only be sent to devices that are allowed. The two-factor authentication feature is required to enable or disable the feature. This allows CEX.IO customers to withdraw to authorized devices.

CEX.IO review
CEX.IO Wallet

CEX.IO review
CEX.IO Online Cryptocurrency Wallets

CEX.IO review
CEX.IO Hardware Cryptocurrency Wallets

CEX.IO review
CEX.IO Liquidity

CEX.IO has a large amount of liquidity. In that case, wide spreads should not be a big concern. Liquidity also allows for significant transactions without any problems.

CEX.IO review
How To Open A CEX.IO Account

To open an account at CEX.IO, the first step to get started is to provide your name, email address, password, and the state you live in. Choose β€œcreate an account” and move on to verify your email. Once you log in, you will be asked to provide your number and verify it. The next step is to fill in your personal information and answer any questions about the account creation. After that, you verify your identity (a two-factor authentication setup is recommended). The last step is to link a payment method.

CEX.IO review
CEX.IO User Interface

CEX.IO has a simple, user-friendly interface.

CEX.IO review
CEX.IO Features And Cryptocurrency Trading Tools

CEX.IO offers features like crypto investing, custodial accounts, an advanced platform for trading, and its own designated US dollar stablecoin.

CEX.IO review
CEX.IO Ease Of Use

CEX.IO is fairly easy to use. The sign-up process takes only a few minutes. The overall interface is brilliant and easily navigable, with a search bar that lets you explore the crypto offerings available at CEX.IO.

CEX.IO review
CEX.IO Mobile Apps

The availability of mobile applications for such platforms is highly crucial for investors that are always on the go. This way, they can effortlessly place market offers, and keep tabs on live market data, i.e., shares, currencies, stock indices, commodities, etc. CEX.IO has highly rated applications for both iOS and Android.

CEX.IO review
CEX.IO Apple App

The CEX.IO app can be found on Apple’s App Store on all Apple devices, offering the same features as the desktop website.

CEX.IO review
CEX.IO Android App

The CEX.IO app can be found on the Play Store on all Android devices, offering the same features as the desktop website.

CEX.IO review
CEX.IO Education Resources

CEX.IO enables entitled customers to learn about digital currencies through their educational resources offered. Users can even unlock lessons educational content and earn cryptocurrency in the process.

CEX.IO review
CEX.IO Customer Support

CEX.IO registered users can request support through email, phone, live chat when available. Support options are available through the CEX.IO website and apps. If you have an issue that needs to be resolved you also speak to a representative by filling out a form on the CEX.IO website. CEX.IO also has a help page for solving common problems with your CEX.IO crypto account.

CEX.IO review
CEX.IO Phone Support

CEX.IO phone support can be accessed by called them on 44 121 728 2228.

CEX.IO review
CEX.IO Email Support

CEX.IO email suport can be reached at [email protected] Although CEX.IO usually respond within 2 days it may take up to 7-14 days for a response to some queries during peak times.

CEX.IO review
CEX.IO Live Chat

Customers can reach out to CEX.IO via live chat at any time if they have issues or difficulties with their CEX.IO account that they can't solve. Obtaining assistance via live chat is by far the most common means of customer service compared to other types of support.

CEX.IO review
What Countries Is CEX.IO Available In?

CEX.IO is available in over 100 countries. CEX.IO does not operate in the following countries : Afghanistan,Haiti,Iran,Iraq,Jordan,Kazakhstan,Kosovo,Lebanon,Libya,Macau,North Korea,Palestinian Territories,Panama,Sierra Leone,Syria,Yemen.

CEX.IO review
CEX.IO Account Limits

CEX.IO offers remarkably high limits and they depend on the user’s account level. A user’s account level is determined by the amount of information they have verified. Fully verified users can buy up to 50K USD worth crypto every day.

CEX.IO review
CEX.IO Awards

CEX.IO review
Can CEX.IO Be Trusted?

CEX.IO is a regulated company that is backed by major investors and holds licences for all the districts it operates in.

CEX.IO review
Is My Money Safe With CEX.IO?

Yes, CEX.IO is among the safest web wallets available. It keeps 98 percent of its assets in offline cold storage. Assets cannot be hacked while in cold storage. CEX.IO also ensures other ways to safeguard funds, i.e., two-factor authentication and AES-256 encryption. Your wallet is also covered up to 250K, courtesy of FDIC Insurance.

CEX.IO review
Is CEX.IO Regulated By A Financial Regulator?

Yes, CEX.IO is compliant with all applicable regulations in every jurisdiction it operates in.

How Do I Contact CEX.IO If There Is A Problem?

CEX.IO β€˜s customer support can be contacted via email, live chat, and via Twitter. Users can also schedule a call from a representative by filling a form on CEX.IOβ€˜s website. CEX.IO also has a β€œHelp” section for less complicated issues.

CEX.IO Review Verdict

CEX.IO makes a solid choice for traders looking to trade crypto as it has a sleek, easy-to-use interface, signing up is straightforward, and most of its processes are simple. It offers a vast collection of cryptocurrencies to trade, and users can also earn staking rewards, among other things.

CEX.IO Compared To Other Cryptocurrency Platforms

  1. Visit CEX.IO alternative CEX.IO

    🀴 Used By: 4,000,000
    ⚑ Crypto Available: BTC, USDT, BCH, LTC, DASH, ETH, XRP, ATOM, ADA, TRX and 22 more cryptocurrency.
    πŸ“ˆ Traded Volume: 84,086,212
    πŸ’΅ Deposit Methods: Bank transfer (ACH)

    πŸ’° Trading Fees: Maker: 0-0.16%
    πŸ’° Withdrawal Fees: Mastercard and VISA: Fees vary
    πŸ’° Deposit Fees: VISA & Mastercard: 2.99% (USD), (GBP), (EUR) , (RUB)
    Trading cryptocurrencies can be high risk. Losses may exceed deposits when trading CFDs.

  2. Visit CEX.IO alternative eToro Cryptocurrency

    🀴 Used By: 23,200,000
    ⚑ Crypto Available: BTC, ETH, BCH, XRP, DASH, LTC, ETC, ADA, MIOTA, XLM and 27 more cryptocurrency.
    πŸ“ˆ Traded Volume: 41,693,321
    πŸ’΅ Deposit Methods: Credit cards, VISA, MasterCard, Diners Club, Maestro, Debit Cards, Bank Transfer, PayPal, Neteller, Skrill, WebMoney, China UnionPay, Giropay, Electronic wallets (eWallets), Ethereum, Bitcoin, Bitcoin Cash, Dash, EOS, Ripple XRP, Litecoin, Zcash, Payoneer,

    πŸ’° Trading Fees: Fees vary. Overnight and weekend fees apply
    πŸ’° Withdrawal Fees: US$5 (minimum withdrawal of US$50)
    πŸ’° Deposit Fees: Fees vary (conversion fees for non-USD deposits)
    Trading cryptocurrencies can be high risk. Losses may exceed deposits when trading CFDs.

  3. Visit CEX.IO alternative eToroX

    🀴 Used By: 13,000,000
    ⚑ Crypto Available: BTC, ETH, BCH, XRP, DASH, LTC, ETC, ADA, MIOTA, XLM and 27 more cryptocurrency.
    πŸ“ˆ Traded Volume: 42,043,394
    πŸ’΅ Deposit Methods: Credit cards, VISA, MasterCard, Diners Club, Maestro, Debit Cards, Bank Transfer, PayPal, Neteller, Skrill, WebMoney, China UnionPay, Giropay, Electronic wallets (eWallets), Ethereum, Bitcoin, Bitcoin Cash, Dash, EOS, Ripple XRP, Litecoin, Zcash, Payoneer,

    πŸ’° Trading Fees: Fees vary
    πŸ’° Withdrawal Fees: Fees vary
    πŸ’° Deposit Fees: Fees vary
    Trading cryptocurrencies can be high risk. Losses may exceed deposits when trading CFDs.

  4. Visit CEX.IO alternative Crypto.com

    🀴 Used By: 10,000,000
    ⚑ Crypto Available: BTC, ETH, USDT, XRP, ATOM, XTZ, XLM, LINK, CRO, BCH and 153 more cryptocurrency.
    πŸ“ˆ Traded Volume: 2,630,000,000
    πŸ’΅ Deposit Methods: Credit card

    πŸ’° Trading Fees: Maker: 0.04-0.20%
    πŸ’° Withdrawal Fees: Cryptocurrency: Fees vary
    πŸ’° Deposit Fees: None
    Trading cryptocurrencies can be high risk. Losses may exceed deposits when trading CFDs.

  5. Visit CEX.IO alternative Coinmama

    🀴 Used By: 2,300,000
    ⚑ Crypto Available: BTC, ETH, ETC, BCH, LTC, ADA, QTUM, XRP, XTZ, EOS and 10 more cryptocurrency.
    πŸ“ˆ Traded Volume: 86,072,667,390
    πŸ’΅ Deposit Methods: Bank transfer (ACH)

    πŸ’° Trading Fees: 2.9-3.9% (depending on loyalty level)
    πŸ’° Withdrawal Fees: Fees vary
    πŸ’° Deposit Fees: Credit card: 5%
    Trading cryptocurrencies can be high risk. Losses may exceed deposits when trading CFDs.

  6. Visit CEX.IO alternative CoinJar

    🀴 Used By: 450,000
    ⚑ Crypto Available: BTC, ETH, XRP, EOS, LTC, XLM, USDT, OMG, ZRX, MKR and 42 more cryptocurrency.
    πŸ“ˆ Traded Volume: 64,141,140
    πŸ’΅ Deposit Methods: Bank transfer

    πŸ’° Trading Fees: Maker: 0.05-0.15%
    πŸ’° Withdrawal Fees: Fees vary
    πŸ’° Deposit Fees: No Fees
    Trading cryptocurrencies can be high risk. Losses may exceed deposits when trading CFDs.

  7. Visit CEX.IO alternative Paybis

    🀴 Used By: 700,000
    ⚑ Crypto Available: BTC,ETH,LTC,XRP,BCH,XLM,BNB,TRX,DOGE,USDT and 32 more cryptocurrency.
    πŸ“ˆ Traded Volume: 62,336,251
    πŸ’΅ Deposit Methods: Bank transfer

    πŸ’° Trading Fees: Fees vary
    πŸ’° Withdrawal Fees: Fees vary
    πŸ’° Deposit Fees: Fees vary
    Trading cryptocurrencies can be high risk. Losses may exceed deposits when trading CFDs.

  8. Visit CEX.IO alternative Gate.io

    🀴 Used By: 4,000,000
    ⚑ Crypto Available: BTC, ETH, ETC, XTZ, CLV, EOS, OMG, BNB, LTC, UNI and 820 more cryptocurrency.
    πŸ“ˆ Traded Volume: 5,945,756,067
    πŸ’΅ Deposit Methods: Cryptocurrency

    πŸ’° Trading Fees: Maker: 0.20%
    πŸ’° Withdrawal Fees: Fees vary
    πŸ’° Deposit Fees: None
    Trading cryptocurrencies can be high risk. Losses may exceed deposits when trading CFDs.

  9. Visit CEX.IO alternative Coinbase Pro

    🀴 Used By: 73,000,000
    ⚑ Crypto Available: BTC, ETH, XRP, BCH, EOS, LTC, XLM, DASH, ETC, ZEC and 80 more cryptocurrency.
    πŸ“ˆ Traded Volume: 7,622,846,254
    πŸ’΅ Deposit Methods: Bank transfer

    πŸ’° Trading Fees: Maker: 0-0.50%
    πŸ’° Withdrawal Fees: Cryptocurrency: None
    πŸ’° Deposit Fees: Cryptocurrency: None
    Trading cryptocurrencies can be high risk. Losses may exceed deposits when trading CFDs.

  10. Visit CEX.IO alternative Coinbase

    🀴 Used By: 73,000,000
    ⚑ Crypto Available: ATOM, BAT, BTC, BCH, XRP, DAI, DASH, EOS, ETH, ETC and 73 more cryptocurrency.
    πŸ“ˆ Traded Volume: 7,622,846,254
    πŸ’΅ Deposit Methods: Bank transfer (ACH)

    πŸ’° Trading Fees: Fees vary
    πŸ’° Withdrawal Fees: Instant Card Withdrawal: Up to 2% of the transaction plus a minimum of 0.45
    πŸ’° Deposit Fees: Credit/debit card: 3.99%
    Trading cryptocurrencies can be high risk. Losses may exceed deposits when trading CFDs.

  11. Visit CEX.IO alternative Huobi

    🀴 Used By: 10,000,000
    ⚑ Crypto Available: BTC, BCH, ETH, XRP, LTC, BTG, DASH, ETC, EOS, QTUM and 320 more cryptocurrency.
    πŸ“ˆ Traded Volume: 924,266
    πŸ’΅ Deposit Methods: Cryptocurrency

    πŸ’° Trading Fees: Maker: 0.2%
    πŸ’° Withdrawal Fees: None
    πŸ’° Deposit Fees: None
    Trading cryptocurrencies can be high risk. Losses may exceed deposits when trading CFDs.

CEX.IO Frequently Asked Questions

Following are the most commonly asked questions (and their answers) about CEX.IO:

Is CEX.IO Safe?

Yes, CEX.IO is backed by high profile investors and regulated by reputed financial authorities.

How Do I Withdraw From CEX.IO?

Users can withdraw their crypto to fiat any time they want through an ACH transfer. Such transfers normally take 1-2 working days. CEX.IO also allows instant cash-outs to cards or bank accounts in exchange for extra fees.

Is CEX.IO Okay For Beginners?

Yes, because of how easy-to-use its web and application interfaces are, CEX.IO is seen as one of the best options for beginner traders.

Do I Have To Pay TAX With CEX.IO?

You will need to pay taxes on any cryptocurrency profit you accrue. How cryptocurrency is taxed differs on where your country of residence is and where you are in the world. In the USA federal income tax purposes, cryptocurrency is considered "property," which means the IRS classifies it as a capital asset. This means that the crypto taxes you pay are the same as the taxes you'd pay if you had a profit or loss on a capital asset sale or exchange.

Any earnings made on crypto assets held as a personal investment in the United Kingdom will be taxed. It is stated that you must pay capital gains tax only on gains that exceed the annual exempt level.

Individuals must pay taxes on cryptocurrency received as a result of mining, airdrops, confirmation incentives, and cryptocurrency acquired as a paycheck from an employer. Unless the donation exceeds the acquisition cost, crypto assets donated to charity are not subject to capital gains tax.

Check with a local accountant to check if any tax is due on your cryptocurrency trading.