With over six million users globally, CEX.IO features a comprehensive ecosystem for traders from all backgrounds. CEX.IO fees to deposit and withdraw funds to the exchange varies from $0 and 3.99% depending on the selected payment method such as debit/credit card, Skrill, bank transfer, or SEPA. In comparison to other fiat-to-crypto exchanges we have reviewed such as CoinCorner, EXMO and Bitpanda, the deposit and withdrawal fees on CEX.IO are fairly reasonable. Although, there are platforms that have 0% deposit and withdrawal charges such as Uphold.
CEX.io Review: What Does it Have to Offer?
- Unlike other exchanges, they use a Fill or Kill (‘FOK’) fulfilment method.
- From its comprehensive verification process to its advanced trading tools, CEX.IO caters to a wide spectrum of users, from beginners to experienced traders and businesses.
- CEX.io is apt for both venerable users and beginners to get started with buying and selling cryptocurrencies.
- The inactivity charge also means it isn’t the best crypto exchange for casual investors.
- Kraken Pro is a cryptocurrency broker based in United States that launched its service in and offers individuals to buy and sell more than 71 cryptocurrencies.
- At 0.25% or less for takers and 0.16% or less for makers, CEX.IO is easily competing for the top spots in the industry for lowest transaction fees.
To sign up for a personal account, you’ll need to provide your name, email address, password, and country of residence. When you’ve shared this information, you will need to confirm your email address by typing in the confirmation code you receive via email. Hit the books on everything from blockchain fundamentals, to advanced trading techniques, to on-chain analysis. We work closely with regulators around the globe to ensure our services are properly vetted and pride ourselves on taking the next step when it comes to user protections. Spend less than five minutes completing the verification process. Despite the fact that they’re registered in the United States, there are still a few locations that won’t allow access, like New York and Washington.
Opening a CEX.IO Account
You can see the rest of the CEX.io fee schedule listed out here. Traders funds that are deposited during the day are moved to the cold wallet in a daily reconciliation procedure so that mostly funds that belong to CEX.IO remain in the inherently riskier hot wallet. What this means is that if there is a hack on the hot wallet, it will affect CEX.IO funds, not user funds. At the same time, the clients’ funds remain in safe offline cold wallets, untouched, except for infrequent cases when the hot wallet requires a rebalancing. For example, CEX.io can take up to a 7% fee from the amount of fiat currency you pay for a service. For example, if you buy $1000 worth of Bitcoin, you will get only $920.
- Since exchanges like more liquidity, as it attracts more traders to their venue, they are willing to reward market makers with lower, and sometimes even positive, transaction fees.
- For example, CEX.io can take up to a 7% fee from the amount of fiat currency you pay for a service.
- Enhanced Corporate verified accounts have no limitations on buying the desired amount of Bitcoins.
- As such we may earn a commision when you make a purchase after following a link from our website.
- If you are sending Bitcoins from CEX.IO to your personal wallet for the first time, you also have to set up your ‘Withdrawal Pin Code.’ The app saves your wallet address for future withdrawals.
- The platform is simple yet sophisticated, and one aspect we particularly liked was the ability to engage in cross-platform trading.
CEX.io Review: Buying and Transaction Limits
While this may not sound like much to the uninitiated, these advanced order types are essential for anything beyond the most basic investment strategies. CEX.IO is not a typical brokerage if we compare it to companies such as Charles Schwab or Fidelity. It is a much newer innovation that deals only in crypto-related tokens.
However, beginners may find the platform’s many features overwhelming. In addition to purchasing, CEX.io also offers users the ability to sell bitcoins to credit or debit cards, charging a fee for the same. It is entirely possible to buy and sell for less than 0.25% using the company’s trading platform.
Submit Your Own Review of CEX.IO
Strangely enough, a few of the countries that the website does not allow credit card purchases from include Iceland and Vietnam, which are relatively large markets for cryptocurrency. CEX.IO offers hundreds of popular cryptocurrencies including big names like Bitcoin, Ethereum and Litecoin. The trading platform is well-designed with sophisticated charting and analysis tools, including 50+ in-built indicators. Traders can also reduce their monthly volumes through the tiered pricing structure.
Additionally, I found their customer support to be responsive and helpful whenever I had questions or encountered issues. One of the standout features for me was the variety of cryptocurrencies available for trading, which allowed me to diversify my portfolio effectively. However, I did find that the fees for certain transactions could be slightly higher compared to other platforms I’ve used. https://www.tokenexus.com/ Despite this, I continue to use CEX.IO for its reliability and the overall positive experience it provides. CEX.IO offers a cryptocurrency trading platform as well as ‘Instant Buy’ services that act as a fiat on-ramp to buy digital assets with fiat currencies. This exchange accepts several different payment methods, but it has a complicated fee structure for deposits and withdrawals.
