CEX IO Review 2023: Exchange Broker for Cryptocurrency Are they Safe

CEX.io Review

Supported fiat currency pairs include EUR/USD, EUR/GBP, EUR/JPY, USD/JPY, USD/RUB, GBP/USD, and GBP/JPY. At 100x leverage, it only takes a 1% swing against you for your entire position to be liquidated. This is a technical way of saying that you’re not actually trading the underlying asset. Instead, you trade the difference in price between your entry and exit points.

The exchange has also added a University section to its website to educate its community on blockchain fundamentals. It’s important to note that most funds held in CEX.IO hot wallets are company funds, while user funds are kept primarily in cold wallets. What that means is that if the exchange is hacked, the company’s funds could be stolen, but user funds should remain mostly unaffected. Newly deposited client funds are moved to cold wallets in a daily wallet reconciliation procedure. In the United Kingdom, CEX.IO has been granted temporary registration as a crypto asset business by the U.K. Financial Conduct Authority (FCA), which allows the exchange to carry out crypto asset activities, while the FCA reviews the company’s application.

How to Get a CEX.IO Verified Account: Stage 2

Both options provide users with the opportunity to earn rewards on their crypto assets, but with different risk levels and reward amounts. To access these features, users can simply click on the “Go to Savings” or “Go to Staking” buttons. CEX.io offers users a variety of trading fees, https://www.tokenexus.com/cex-review/ depending on the trading volume and payment method used. The exchange charges a standard trading fee of 0.15% maker and 0.25% taker fees. However, users can lower their trading fees by participating in the CEX.io loyalty program, which rewards users for trading on the platform.

  • Buying through CEX.IO’s simple buy/sell interface using a credit or debit card will incur relatively high fees.
  • CEX.IO offers four different account levels based on verification provided.
  • Nevertheless, it’s always good to note that with crypto currencies, fees are possibly charged when you buy or sell, as to how much, that depends on the exchange platform you use and the rates they charge.
  • Once you request a withdrawal, it will be processed within 24 hours.
  • However, this does not take into account Simplex’s fees (i.e., credit card clearing) which I believe brings the final price to be more or less the same.

Traders can use multiple platforms, including the Gemini web exchange, Gemini mobile apps, Gemini Active Trader platform, Gemini Fund Solutions, and institutional trading tools. We’ve compiled some of the best cryptocurrency exchanges for buying and selling crypto assets. CEX.IO is a reliable crypto exchange with a diverse range of assets. It offers a user-friendly interface, high security, and convenience for both beginners and experienced traders. CEX.IO stands as a prominent figure within the intricate web of cryptocurrency exchanges, offering a platform where users can engage with digital currencies in a variety of ways. With its establishment, CEX.IO has striven to provide a bridge connecting traditional financial systems with the burgeoning world of cryptocurrencies.

CEX.IO Verification

CEX.IO is a renowned crypto trading platform that provides a user-friendly interface for buying, selling, and trading cryptocurrencies. In this review, we will take a closer look at CEX.IO and explore its features, pros, cons, and comparison with other cryptocurrency Exchanges. Users can quickly and easily transfer funds to CEX.IO using several deposit methods such as credit or debit card, international transfer, Skrill and local bank transfer as well as cryptocurrencies. The funds are safely stored in a CEX.IO wallet which can be used to buy, trade, sell or withdraw to a hardware wallet. CEX.IO keeps adding new coins to the platform to stay up to date with the latest releases on the crypto market.

CEX.io Review