Cex.io Review

Cex.io Review

Cex.io was launched as a cloud mining service before becoming an exchange, established in 2013. Since then it attracted more than half a million clients who are operating with cryptocurrencies. Trading platform makes Cex.io even a better place to speculate crypto funds. We provide more detailed information in this Cex.io Review below.

Supported Cryptocurrencies
  • Bitcoin (BTC)
  • Bitcoin Cash (BCH)
  • Ethereum (ETH)
Offered Services
  • Buy Bitcoins, Ethereum
  • Sell Bitcoins, Ethereum
  • Margin Trading
  • Mobile Trading
Payment Methods Accepted
  • Credit/Debit cards
  • Virtual cards - Neteller, Netspend, etc.
  • Bank Transfer (SEPA, SWIFT)
  • CryptoCapital
Fees
  • Credit/Debit cards - 3.5% + $0.25
  • Bank Transfer - No fees
  • CryptoCapital - No fees
  • Service fees - 7%
Verification Process
  • To get higher limits verification is mandatory (ID or Passport scan, picture of you holding the ID)
  • No verification needed for orders up to $300 made with a Credit Card ($1,000 monthly)
Supported Countries
  • 99% of countries
  • Payment options varies depending on your country
  • US States which are NOT supported: Alabama, Alaska, Arizona, Arkansas, Colorado, Florida, Georgia, Guam, Idaho, Iowa, Kansas, Louisiana, Maryland, Michigan, Mississippi, Nebraska, New Hampshire, New Jersey, North Carolina, North Dakota, Ohio, Oregon, Tennessee, Texas, U.S. Virgin Islands, Vermont, Virginia, Washington.
Cex.io
Speed
  • Credit/Debit cards - 1-2 days. After verification process is completed, payments made with a credit card are completed instantly
  • Bank transfer - depends on your bank (3-14 days)
Limits
  • It depends on user's verification level
  • Basic level (only Credit Card payments) - $300 daily, $1,000 monthly
  • Verified level - $10,000 daily, $100k monthly
  • Verified Plus and Corporate - unlimited
  • Additional limits depending on payment method may be applied
Privacy
  • For the Basis account few details are required only
  • For higher limits use -  customer must provide more personal details (regarding to KYC laws)
Security
  • Full data encryption
  • Cold storage of cryptocurrency funds
  • Two-Factor Authentication
Pros
  • Margin trading
  • iOS and Android app
  • Huge number of supported countries
  • Easy to use
Cons
  • High fees
  • Extensive verification process
Conclusion

Cex.io is a solid and reputable exchange of which usage is simple and pleasant. Furthermore, the trading platform and the margin trading option makes Cex much more inviting. However, fees could be slightly lower and a verification process - simpler. Despite all that, it is a great exchange, especially for new comers. We know that Bitcoin can be confusing, but this exchange helps to minimise all the unknown. 

Rating
8/10