CEX

CEX

  • United Kingdom of Great Britain and Northern Ireland

  • Full trading platform

  • Cex.io

  • Since 2018

CEX
In Social Media:
Intuitive Ease of use,  Enough secure,  Anonymously trading

Volume 24H: $4,367,872

CEX is one of the larger stock-market-style trading platforms for altcoins. It has reasonably high liquidity and volume. It services most of the globe and is available in multiple languages. They provide an advanced API, volume discounts, and margin trading for serious traders. They offer bank-level security.

This platform is great for beginner traders since the lack of trading options makes it easy to navigate. However, it may not work as well for active day traders. The hidden 7% charge on Bitcoin buys will be a downside for any CEX.IO user.

Traditional Currency Support

  • Euros (EUR)
  • Russian Ruble (RUB)
  • US Dollar (USD)

Language Support

  • Chinese
  • English
  • Italian
  • Russian
  • Spanish

Country Support

  • Australia
  • Canada
  • European Union
  • Hong Kong
  • Japan
  • Most Africa
  • Most of Asia
  • Most of Eastern European Union
  • Most of Latin America
  • New Zealand
  • Norway
  • Russian Federation
  • Singapore
  • Switzerland
  • Turkey
  • United Kingdom of Great Britain and Northern Ireland
  • US partial

Platforms Systems

  • Web Interface
  • Mobile App

Stock Market Options

Interface
customisation:

  • Allows customization of charts

Advanced
Options:

  • Limit Order
  • Market Order

Discounts For
The Big Traders:

  • No Maker fees
  • Volume based discounts

Special
Services:

  • Margin Trading x2
  • Margin Trading x3

CEX security levels are exceptionally high. They offer 2FA and a withdrawal white list option. They use an elastic multi-stage wallet strategy ensuring that 80-90% of funds are kept offline and secure. Also, for withdrawals, users are required to pass an enhanced verification process providing proof of the validity of their identification documents.

Summary:

2 Factor Authentication
Yes
Funds Insured
Funds are not insured
Private Keys Stored On
Exchange platform
Storage Type
They claim to hold user funds in cold storage but are not specific about it.

Security Features:

  • SSL
  • Bank Level Encryption
  • PCI DSS standards
  • Protection from DDoS attackes

Legal Registration or Compliance:

  • FinCen registration (US)
  • KYC/AML Compliant

CEX.io also owns Ghash.io, the largest Bitcoin mining pool. The exchange began development in 2013. The corporate executives and board members prefer to remain anonymous.

Summary:

CEX is a stable, reliable, crypto exchange that provides all the basic features the average user would need. It has a long history of success and bright future. As a trading platform, the features are somewhat limited. It is, therefore, great for newbies, but a bit restrictive for pros. It is available to almost anyone in the world. The only real drawback is the high fee for buying bitcoins.

Ease of use
Intuitive
Transaction Fees
Between 0.10-0.20% depending on volume
Deposit/Withdrawal Fee
It's free (fees may be hidden)
Deposit/Withdrawal Fee c For Bank Transfer
50USD/Withdrawal, 25EUR/Withdrawal, 30GBP/Withdrawal
Deposit/Withdrawal Fee For Credit Card
1.1+
Deposit/Withdrawal Fee Charged For 3rd party Payments
N/A
Anonymous Trading
Yes

Deposit/Withdrawal Options:

Deposit from bank account, Deposit using credit card, Withdrawl funds to bank account, Withdrawal funds to credit card, Send/Receive Crypto

Functionality:

CEX.IO facilitates simple and swift altcoins buying and selling by not offering the more complex trading options some other exchanges have. It's a very worthwhile platform for beginners, while active day traders might find it quite restrictive in terms of features and functionality.

Most common
customer complaint:

High, hidden fees and complicated verification process.