Bottom line:
CEX.IO is a reliable and user-friendly cryptocurrency exchange that excels in providing quick crypto purchases for beginners. It supports multiple fiat currencies and payment methods, making it accessible globally. However, its trading and withdrawal fees are higher than industry averages, which may deter cost-conscious traders.
Key Features at a Glance
- Trading Fees: 0.25% (taker) / 0.15% (maker)
- Supported Fiat: USD, GBP, EUR, RUB
- Global Availability: Includes the USA
- Promotion: None currently
How We Rated CEX.IO
| Review Criteria | Rating (5/5) |
|------------------------------|--------------|
| Features | 4.7 |
| Deposit Methods | 4.0 |
| Crypto & Trading Pairs | 4.0 |
| Fees | 3.8 |
| Ease of Use | 4.8 |
| Customer Support | 4.4 |
| Security | 4.5 |
| Mobile App | 4.2 |
What Is CEX.IO?
CEX.IO is a globally accessible cryptocurrency exchange founded in 2013, designed for both beginners and experienced traders. It supports instant crypto purchases via credit/debit cards and offers a range of trading tools for assets like Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC).
Key Features:
- Beginner-friendly interface.
- Multiple payment options (bank transfers, Skrill, cards).
- Margin trading and staking.
- Cold storage for security.
- Mobile app for iOS/Android.
CEX.IO Compared to Other Exchanges
| Exchange | Crypto Assets | Fees | Promotion |
|----------|--------------|------------|--------------------|
| Binance | 385 | 0.1% spot | $100 welcome bonus |
| Coinbase | 241 | 0.4%–0.6% | $5 BTC (USA only) |
| eToro | 79 | 1% | None |
CEX.IO Verification & Limits
CEX.IO uses a 4-tier verification system to increase deposit/withdrawal limits:
| Verification Level | Daily Limit |
|--------------------------|-------------------|
| Email Confirmation | $100 |
| ID Verification | $3,000–$10,000 |
| Address Verification | $10,000–$50,000 |
| Enhanced Verification | Unlimited |
Deposit & Withdrawal Options
- Cards: 2.99% deposit fee | Up to 3% + $5 withdrawal.
- Bank Transfer: Free deposits | 0.3% + $25 withdrawal.
- SEPA: €0 fees.
How to Deposit:
- Log in → Navigate to ‘Finance’.
- Select currency → Choose payment method.
- Enter amount → Confirm.
Trading on CEX.IO
The platform offers:
- Market/Limit Orders
- Basic charting tools (TradingView integration).
- APIs for advanced traders.
Fee Structure
| Trade Volume (30d) | Maker Fee | Taker Fee |
|--------------------|-----------|-----------|
| ≤ $10,000 | 0.15% | 0.25% |
| ≤ $100,000 | 0.13% | 0.23% |
Full details: CEX.IO Fee Schedule.
Mobile App
The CEX.IO app (iOS/Android) allows:
- Instant crypto purchases.
- Portfolio management.
- Fiat withdrawals to cards.
FAQs
1. Is CEX.IO safe?
Yes, it uses cold storage and has no history of hacks.
2. What are the fees for card purchases?
2.99% deposit fee + variable withdrawal fees.
3. Can US users trade on CEX.IO?
Yes, but with lower limits unless verified.
4. Does CEX.IO support staking?
Yes, via CEX.IO Staking.
5. Are there APIs available?
Yes, for developers and pro traders.
6. How fast are withdrawals?
Depends on method (e.g., SEPA: 1–3 business days).
Final Thoughts:
CEX.IO is a solid choice for beginners seeking simplicity and quick crypto access, though its fees may prompt advanced traders to explore alternatives.