CEX.IO Review: Is it a Legit Crypto Exchange?

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I'm Donny. I'm a world traveler, investor, entrepreneur, and online marketing aficionado who has a big appetite to compete and disrupt big markets. I thrive on being able to create things that impact change, difficult challenges, and being able to add value in negative situations.

CEX.IO is a centralized cryptocurrency exchange and brokerage that offers over a hundred cryptocurrencies, and users can trade with many different payment methods.

CEX.IO CEX.IO
3.5
Fees: 0%-0.25% trading fees
Account minimum: $20 deposit minimum
Pros:
  • Strong security
  • 24/7 support
  • Multiple payment methods
  • Licensed in the U.S.
Cons:
  • Lower levels of liquidity
  • Confusing fee structure
Promotion: No current promotions
We earn a commission if you make a purchase, at no additional cost to you.

CEX.IO is among the best crypto exchanges in the industry today. With high security, top-notch customer support and over 100 available coins, the CEX.IO trading platform is in high demand.

If you’re considering starting an account on CEX.IO, it’s crucial to do some due diligence. Fortunately, I’m here to help.

Using research and third-party reviews from Trustpilot, I’ve compiled everything you need to know about CEX.IO, from top products to helpful tips.

Keep reading to learn about the company’s history and what it has to offer.

What is CEX.IO?

CEX.io homepage
Cex.io website

CEX.IO is a trading platform for people to buy, sell, exchange, and invest in cryptocurrencies. It’s a U.K.-based company offering staking, blockchain technology and cross-platform trading.

CEX.IO provides investors with numerous ways to trade cryptocurrency. It began as a crypto exchange platform in London, U.K., but has expanded to offer investors decentralized finance options.

Oleksandr Lutskevych started the company in 2013 and has overseen its rapid growth. Today, CEX.IO functions as a trading platform with investment and earning options.

How Does CEX.IO Work?

CEX.IO works by facilitating crypto trades between clients. The company helps people find cryptocurrency to buy or trade, and users can also sell their crypto assets on the platform.

Traders make money on CEX.IO by selling coins such as Bitcoin or Tether. You can buy coins on CEX.IO and wait for them to increase in price if you don’t already have a crypto portfolio.

CEX.IO makes money by charging trading fees. Users pay fees for buying, selling and depositing money. There are also withdrawal fees for taking currencies out of your account.

CEX.IO Product Offerings

Check out the reviews below to learn more about different CEX.IO products.

CEX.IO Crypto Exchange

The CEX.IO Crypto Exchange is a platform for buying and selling cryptocurrencies. Popular coins include Bitcoin, Ethereum and Alchemy, but CEX.IO offers over a hundred altcoins and other digital currencies.

Users create a free account and can start trading crypto immediately. Crypto investors can use wire transfers with fiat currency or cards such as Mastercard and Visa to purchase crypto.

CEX.IO has extra features, such as crypto-backed loans, spot trading and mining pools for experienced investors. Sign up for an account and start using the features that suit your needs.

Fees: CEX.IO has low fees but makes a service charge for every transaction. The company takes a percentage based on your crypto’s 30-day trade volume value.

Use CEX.IO Broker for a commission-free option with a brokerage.

Trade Volume 30d USDTaker FeesMaker Fees
≤ $10,0000.25%0.15%
≤ $100,0000.23%0.13%
≤ $500,0000.19%0.09%
≤ $1,000,0000.17%0.07%
≤ $2,500,0000.15%0.05%
≤ $5,000,0000.13%0.03%
≤ $10,000,0000.11%0.01%
≤ $20,000,0000.10%0%
≤ $50,000,0000.08%0%
≤ $100,000,0000.07%0%
≤ $200,000,0000.06%0%
≤ $500,000,0000.05%0%
≤ $1,000,000,0000.04%0%
≤ $2,000,000,0000.03%0%
≤ $5,000,000,0000.02%0%
> $5,000,000,0000.01%0%

Best for: CEX.IO Crypto Exchange is for those who want access to many crypto coins. It’s ideal for experienced traders familiar with the crypto industry.

CEX.IO App

The CEX.IO App lets users access their accounts from anywhere in the world. Use the mobile app to view or send crypto via bank transfers, using any currency from British pounds to Tether or Bitcoin Cash.

The app is a faster alternative to the website, allowing you to use the instant buy feature.

Best for: The CEX.IO app is ideal for busy traders who need to access their crypto accounts on the go. It’s also great for beginners wanting an intro to using crypto sites.

CEX.IO Wallet

Like competitors Cardano, Skrill, and Coinbase, CEX.IO has a secure wallet for holding funds. Fees are the same as in the website and app and only apply if you are buying or selling crypto.

Use the CEX.IO Wallet to manage your crypto portfolio, where you can store multiple cryptocurrencies.

CEX.IO Exchange Plus

CEX.IO Exchange Plus is for traders interested in deep liquidity. Purchase crypto with better liquidity and transfer between currencies in an easier way.

Trading is different on CEX.IO Exchange Plus and usually happens in crypto pairs. There are no extra fees.

CEX.IO Earn

CEX.IO Earn lets users invest their crypto and earn a percentage back. The CEX.IO Earn platform has over 25,000 clients and has paid more than $400,000 in customer rewards.

One option is to invest your savings with CEX.IO Earn and earn up to 5% at low risk. You can also use staking to get higher annual percentage yields.

CEX.IO Debit Card

Consider signing up for a debit card with CEX.IO. You can earn up to 5% cash back in crypto for every purchase you make on the card.

CEX.IO Loan

CEX.IO Loan lets users take out loans using crypto as collateral. Annual interest rates hover around 14%, and you can get a loan within just a few minutes.

Additional Features

CEX.IO also offers spot trading and margin trading. Spot trading means immediate buying and selling “on the spot.”

In contrast, margin trading lets you trade crypto using partially borrowed funds.

Who Should Use CEX.IO?

CEX.IO is best for advanced traders. It doesn’t offer educational resources for new crypto users, but experienced traders can benefit from the freedom CEX.IO provides.

The platform is not available in all regions. It does not have cloud mining providers, so look elsewhere if you plan to cloud mine crypto.

Expect to trade quickly and safely if you sign up for CEX.IO. You can choose over a hundred cryptocurrencies and build a portfolio in minutes.

How Does CEX.io Compare?

 
 
3.5
4.5
5.0
Account minimum:
$20 deposit minimum
Account minimum:
$0
Account minimum:
$0
Fees:
0%-0.25% trading fees
Fees:
0% - 3.99% varies by type of transaction
Fees:
1% for cryptocurrency
Promotion:
No current promotions
Promotion:
Sign up and get up to $200 in crypto
Promotion:
Get a $10 bonus when you buy $100 worth of crypto (U.S. only).
3.5
Account minimum:
$20 deposit minimum
Fees:
0%-0.25% trading fees
Promotion:
No current promotions
4.5
Account minimum:
$0
Fees:
0% - 3.99% varies by type of transaction
Promotion:
Sign up and get up to $200 in crypto
5.0
Account minimum:
$0
Fees:
1% for cryptocurrency
Promotion:
Get a $10 bonus when you buy $100 worth of crypto (U.S. only).

Getting Started with CEX.IO

  1. Create an account.
  2. Connect a bank account or payment method.
  3. Complete the two-factor authentication and identity verification processes.
  4. Download the CEX.IO app.
  5. Start buying, selling and trading crypto.

Should I Use CEX.IO Exchange?

CEX.IO has numerous benefits, including staking, fast trading and a great mobile app. It’s ideal for experienced investors who want more control over their crypto portfolio.

Take action and sign up for a CEX.IO account today!

CEX.IO FAQs

Read these frequently asked questions to learn more about CEX.IO.

Is CEX.IO safe and legit?

CEX.IO is a legitimate company with many security measures, including offline cold storage, safe card processing services and API regulations.

It has a level-two DSS certificate and is a Money Services Business registered with FinCEN in the United States.
 
CEX.IO is a global crypto exchange with zero customer funds lost and over a decade of experience.

How long does CEX.IO withdrawal take?

Withdrawals on CEX.IO take about 24 hours within business days. Requests must first go through processing at the CEX.IO finance team before the crypto assets reach your bank account.

Is CEX.IO a U.S. based company?

No, CEX.IO is not a U.S.-based company. CEX.IO is a U.K.-based company associated with Europe’s SEPA, with its headquarters in London, England.

What cryptocurrencies can you buy on CEX.IO?

CEX.IO supports over a hundred cryptocurrencies. Popular coins include Bitcoin, Ethereum, Litecoin and Tether.

CEX.IO

CEX.IO is a trusted and secure Bitcoin and crypto exchange that you can trade from 90+ cryptocurrencies & 200+ trading pairs.

We earn a commission if you make a trade, at no additional cost to you.
  • Editor Rating
  • Rated 3.5 stars
  • 60%

  • CEX.IO
  • Reviewed by:
  • Published on:
  • Last modified: January 30, 2023

I'm Donny. I'm a world traveler, investor, entrepreneur, and online marketing aficionado who has a big appetite to compete and disrupt big markets. I thrive on being able to create things that impact change, difficult challenges, and being able to add value in negative situations.

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