CEX.io Review: Is it the Best Bitcoin Trading Platform?
And, is it safe? Read on to find out!
Are you looking to expand your wealth portfolio digitally? If yes, then you’re in the right place. This blog will give you a full review of one of the most popular trading platforms today, cex.io. Read on to know more about the platform and see if it’s the right one for you.
If you’ve been lurking around the internet for the last decade, you’ve probably come across Bitcoin and cryptocurrency over and over. For a refresher, cryptocurrency is a digital currency stored in a secured database that can be used for financial transactions online. Bitcoin is the first-ever cryptocurrency created. Bitcoin was created in 2009. However, it’s important to note that the government and financial institutions do not back bitcoins. Despite this fact, bitcoin is continuously on the rise. Most trading platforms offer bitcoin trading since it’s the most popular cryptocurrency to date.
Now, let’s go to the topic of this blog, CEX.io.
CEX.io is a UK-based company and is one of the first trading platforms for cryptocurrency, which started in 2013. To date, CEX.io has over 3 million registered users in its platform. The company employs over 250 staff around the world to ensure consistency in its service quality.
CEX.io offers its users various trading tools for Bitcoin, Bitcoin Cash, Ethereum, Ripple, Stellar, Litecoin, Tron, and other crypto assets. The company enables you to trade easily by simply accessing the platform through a website, iOS and Android mobile apps, WebSocket, or REST API.
Is CEX.io legit?
CEX.io is 100% safe. One of the safest, if not the best, trading platform for bitcoin and other cryptocurrencies. In terms of credibility, CEX.IO features several affiliations with trusted institutions, including Financial Crimes Enforcement Network (FinCEN), a bureau of the US Department of the Treasury. CEX.io also holds several licenses, including Distributed Ledger Technology (DLT), Money Services Businesses (MSB), etc. With all that said, you can be sure that they are indeed a legitimate business.
Secure Bitcoin Exchange
CEX.io is a trading platform for cryptocurrencies that accept multiple deposit types and supports various digital assets. CEX.io is packed with tons of features to make trading easier for both beginners and seasoned traders.
What does CEX.io offer?
CEX.io offers three products: CEX.io, CEX.io Broker, and CEX.DIRECT.
- CEX.io is perfect for customers who want to start trading right away. The trading platform is packed with tons of features until reporting that will enable you to trade intelligently.
- CEX.io Broker is a platform for cryptocurrency trading via CFDs (contracts-for-difference) and comes with various order types, technical analysis instruments, and advanced trading tools. This option is perfect when you already have a good background in trading.
- CEX.DIRECT is perfect for businesses that want to provide their customers with easy access to trading tools for efficiency and seamless trading experience.
Currencies in CEX.IO
All currencies in CEX.io can be bought with USD, EUR, GBP, and RUB. For reference, here are some of the supported currencies through CEX.io Broker:
- Bitcoin (BTC)
- Ethereum (ETH)
- Bitcoin Cash (BCH)
- Bitcoin Gold (BTG)
- Litecoin (LTC)
- Ripple (XRP)
- BitTorrent (BTT)
- Neo (NEO)
- Cosmos (ATOM)
- Ontology (ONT)
Meanwhile, here are the cryptocurrencies available for trading:
- Bitcoin (BTC)
- Bitcoin Cash (BCH)
- Ripple (XRP)
- Ethereum (ETH)
Payment and Fiat Currencies
One strength that CEX.io has is its flexibility in accepting different fiat currencies – making it convenient for people in different countries. The supported fiat currencies include the United States dollar (USD), Euro (EUR), Pound Sterling (GBP), and Ruble (RUB).
CEX.io also accepts different methods when it comes to payment. CEX.io allows you to easily fund your account with either these fiat currencies or cryptocurrency:
- Faster Payments
You can expect to be charged at least 2.99% when funding your account through a credit card in terms of charges. Withdrawal charges may reach up to 3% plus additional service charges depending on your banking method and currency.
The fees in the CEX.io trading platform are relatively lower than that of brokerage. For instance, with CEX.io’s trading platform, you enjoy as low as 0.25%, while fees on the brokerage trade can go up to 7%.
CEX.io has four account levels: Basic, Verified, Verified Plus, and Corporate. The more you become verified, the more features you get to enjoy.
- Basic Accounts – this is the default account type for all users. Here, you can only pay through Visa or Mastercard for fiat deposits. You can purchase up to $1,000 worth of bitcoins per day at this level.
- Verified Accounts – for users who want to increase payment limits and withdraw fiat funds, account verification is necessary. CEX.io will only require you to submit a few personal details here like address, identification card, and other necessary documents. These accounts can buy up to $10,000 worth of bitcoins per day and withdraw $50,000 per day.
- Verified Plus and Corporate – These accounts have no limitations in purchasing bitcoins. However, withdrawals and deposits have different caps, depending on the payment method.
Great Customer Support
CEX.io offers an excellent help center. If you’re having a hard time setting up or trading, you can quickly check on their website's resources. You can also email them at any time of the day if you need further assistance. Many users find CEX.io’s support team to be helpful and prompt in answering requests.
Is CEX.io safe to use?
Based on everything listed above, we find no reason not to trust CEX.io. Besides, with its strong backing from credible institutions, you’re sure to be in safe hands. CEX.io is one we surely recommend if you’re looking for a trading platform that has an expert background, rich features, massive users, flexible payment methods, and reliable customer support. By equipping yourself with the right tools, you’ll be sure that trading will come easy.
What do you think of CEX.io? Let me know your thoughts below!
eCommerce Paradise was created by Trevor Fenner of Seattle, Washington in 2015 to help you, the entrepreneur, to start and scale your own eCommerce business. Trevor owns multiple 7-figure eCommerce stores and is a digital nomad, traveling the world while working remotely with the help of his team of virtual assistants from around the world. Trevor is currently located in Bali, Indonesia, and is a passionate skateboarder, surfer, scuba diver, photographer, environmentalist, outdoorsman, fitness and tattoo enthusiast.
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