CEX.IO Review 2022 – The complete guide

Cex.io Review 2022 - The complete guide

CEX.IO is a licensed worldwide cryptocurrency exchange that allows users to buy, sell, borrow, and earn cryptocurrency. Experienced crypto traders will find what they’re searching for on CEX.IO, with its vast choice of tradable assets and comprehensive trading options. Beginners, on the other hand, may find the platform’s numerous features confusing.

Individuals and organizations looking for a variety of crypto services including as staking, crypto-backed loans, margin trading, and order execution tools can go to CEX.IO. The platform, however, has a restricted coin offering, making it a better suited for token traders.

One of the earliest Bitcoin exchanges currently in operation is CEX.IO. It was founded in London in 2013 and has already serviced four million clients.

Why you should use CEX.IO?

The following are some of the reasons why you should start trading cryptos with CEX.IO:

  • IO is regulated and permitted to operate in all countries where it provides services, ensuring that investors are utilizing a secure platform.

  • IO offers over 100 different digital currencies and tokens, covering the majority of the most popular crypto assets.

  • Users may generate crypto revenue by staking cryptocurrency held on the site.

  • Users can take out crypto-collateralized fiat currency loans, allowing loyal crypto holders to keep their savings in crypto even if they have a temporary need for fiat cash.

Cex.io Review 2022 - The complete guide 2

CEX.IO: General overview

CEX.IO, a Bitcoin cloud mining provider and hashing power marketplace, was founded in 2013 and is powered by an in-house mining pool named GHash.IO. The company’s objective was to make it possible for people to earn Bitcoin mining rewards without needing to spend in expensive mining hardware.

Following the shutdown of GHash.IO due to a lack of profitability in late 2016, CEX.IO decided to suspend cloud mining. Instead, the business is concentrating on developing a worldwide cryptocurrency exchange ecosystem.

CEX.IO is now a licensed cryptocurrency exchange with a customer base of over 4 million people. Everyone, Traders, and Businesses are the three market sectors for whom it provides products and services.

Simple fiat-to-crypto buying choices, a crypto wallet, exchange staking, and a crypto loan platform are among the features available to ‘Everyone.’ Spot trading, margin trading, and the exchange’s mobile app for on-the-go trading are all available to ‘traders.’ Finally, ‘Businesses’ may use CEX.IO PRIME, a systemic cryptocurrency trading platform. Customers in a few European countries can use CEX.IO’s credit card processing services, and it features a commission-free margin trading platform.

Prominent features:

  • Margin Trading

    On its margin platform, CEX.IO allows traders to trade with up to 100x leverage. You may trade Contracts For Difference (CFDs) . This is a technical term that means you aren't trading the underlying asset. You trade the price difference between your entry and exit positions instead.

  • Management of Accounts

    It provides users with a web-based platform where they can purchase, sell and trade cryptocurrency. Users can also earn money by putting cryptocurrency in savings accounts or by staking cryptocurrency. Users may access their accounts, make deposits and withdrawals, and trade cryptocurrency by logging in using a web browser.

  • Finance Services

    CEX.IO is more than simply a Bitcoin exchange; it also provides financial services such as crypto staking and loans. You can earn daily interest if you have a stakeable digital asset in your CEX.IO wallet. Depending on the digital currency you own, the exact rewards will differ. Crypto-backed loans are another financial product offered by CEX.IO. Crypto-backed loans allow you to maintain your exposure to the underlying asset while gaining access to additional funds.

  • Customer Service

    CEX.IO provides live chat help via its website and mobile app 24 hours a day, 7 days a week. While the chat option is always accessible, CEX.IO indicates in the chat interface that answers normally take one to two days. CEX.IO also provides telephone assistance.

  • Mobile App

    Mobile applications for iOS and Android are available from CEX.IO. These applications have all of the features of the online platform. From within the app, you may purchase, sell, and watch charts. The option to establish price notifications is a new feature. You may tell the CEX.IO app to alert you when the price of a supported asset changes by a particular percentage over the course of a 24-hour period. You may also choose a number and receive an alert when the price exceeds a particular percentage of that value, ranging from -99.9% to 1,000%.

Vast Trade Experience

There are three types of users targeted by CEX.IO, which it refers to as “Everyone,” “Traders,” and “Businesses.”

Everyone

Everyone may use the Instant Buy function on the exchange to purchase Bitcoin and other cryptocurrencies using a variety of different payment methods. Also available are soft staking, which allows users to earn cryptocurrency, and crypto-backed loans, which let users to borrow fiat cash by pledging cryptocurrency as collateral.

Traders

Traders may make use of the exchange’s spot and margin trading platforms, as well as the CEX.IO mobile app, which allows them to trade while on the go.

Businesses

Businesses can join up for CEX.IO PRIME, which provides access to liquidity for purchasers of a certain size on an institutional basis. CEX Direct, a payment gateway for cryptocurrency purchases hosted by CEX.IO, may also be used to incorporate cryptocurrency payments into a company’s operations.

Browser-based trading

On BTCC, a browser-based trading platform is available for fiat-crypto exchange services. The trader will need to create an account and use the web interface to do so. The web interface’s simple version is mostly used for buying cryptos as tokens.

Users who do not wish to obtain cryptos as tokens can utilize the professional version of the site, which is designed for core trading operations. It’s only for the more experienced traders.

Available Cryptocurrencies

CEX.IO now supports more than 100 digital currencies and tokens, with new cryptocurrencies being added on a regular basis. Consider some of the most popular cryptocurrencies that are presently available for trading on CEX.IO:

  • Bitcoin (BTC)
  • Bitcoin Cash (BCH)
  • Cardano (ADA)
  • Cosmos (ATOM)
  • Ethereum (ETH)
  • Litecoin (LTC)
  • Tether (USDT)
  • Tezos (XTZ)
  • Tron (TRX)
  • Uniswap (UNI)
  • Zilliqa (ZIL)

CEX.IO is available in over 220 countries and may be accessible by dealers from all around the world. Some nations, however, are banned from the CEX.IO offering due to worldwide financial blacklists and legislative bans. Afghanistan, Bosnia and Herzegovina, Burundi, Democratic Republic of the Congo, Central African Republic, Côte d’Ivoire, Cuba, Eritrea, Ethiopia, Guinea, Guinea-Bissau, Haiti, Iran, Iraq, Kenya, North Korea, Laos, Lebanon, Liberia, Libya, Nigeria, So Tomé and Prncipe, Somalia, Sudan, Syria, Tanzania, Tunisia, Uganda, Vietnam, Vanuatu, Yemen, and Zimbabwe are among the countries that are excluded from using CEX.IO

Overview of Fees

For all trading pairs, CEX.IO levies a maker/taker transaction fee depending on your 30-day trading volume. Maker costs apply to orders that can’t be filled right away because to a lack of matching orders. Taker costs, on the other hand, are for orders that instantaneously match with other orders, allowing them to be sold.

CEX.IO offers a discount to traders who make more deals in a 30-day period. Maker costs, for example, ranging from 0.00% to 0.15 percent. While the 0.15 percent cost applies to consumers whose 30-day trades total $10,000 or less, if your trade volume exceeds $5 billion, you won’t be charged anything.

The same may be said with taker fees. While a 0.25 percent charge applies to a maximum 30-day transaction volume of $10,000 or less, if your trading volume reaches $5 billion, you’ll just have to pay 0.01 percent.

Is CEX.IO a safe option

When you withdraw BTC from the exchange, you will be charged a withdrawal fee of 0.0015. This is also in line with the average for the industry.

Cex.io Review 2022 - The complete guide Security

Users may buy Bitcoin and other cryptocurrencies on CEX.IO in a pretty safe manner. Trading and crypto withdrawals need identification verification, and the majority of digital assets are kept in cold storage.

Here are some of the security measures offered by CEX.IO:

  • All withdrawals on CEX.IO must be validated by email. This email is sent to a user’s saved email address and is only valid for 30 minutes.
  • IO holds a significant portion of all crypto balances in “cold storage,” meaning it is not linked to the internet. Client-owned Bitcoin and Ethereum are included in this.
  • Two-factor authentication (2FA) is available on CEX.IO using Google Authenticator or SMS. This provides an additional level of protection for user accounts. User withdrawals also require 2FA to be enabled.

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