For example, if you buy $1000 worth of Bitcoins you may get as little as $930 worth. This means that the high exchange rate you see on CEX.IO already includes the service fee within it, but no other fees will apply. While a 0.25% fee applies to a maximum 30-day trade volume of $10,000 or less, you’ll only have to pay 0.01% if your trading volume exceeds $5 billion. You can read more about cryptocurrency regulations in our article “How are cryptocurrencies regulated in the UK? CEX.IO offers over 100 cryptocurrencies, but fewer than half of them are available to U.S. customers.
The exchange lets you deposit and withdraw fiat money using several payment methods, including bank account transfers, PayPal, debit cards, and credit cards. You can buy cryptocurrency using CEX.IO’s spot trading option or Instant Buy, although the latter only accepts card payments and has higher fees as https://www.tokenexus.com/ a result. Cex.io’s wallet app is a gem in the world of cryptocurrency. Its intuitive design and robust security measures make managing digital assets effortless. With a wide range of supported cryptocurrencies and smooth transaction processes, Cex.io stands out as a reliable and user-friendly platform.
Which Coins Can You Buy on CEX.IO?
At 0.25% or less for takers and 0.16% or less for makers, CEX.IO is easily competing for the top spots in the industry for lowest transaction fees. Once you request a withdrawal, it will be processed within 24 hours. However, it might to a bit longer for the money to reach your bank account.
- As mentioned before, CEX.IO is famous for very simple and seamless cryptocurrency investments.
- No limit trading on verified account got the better of me.
- Apart from that, buying bitcoin comes with a 7% transaction fee, and you may lose a bit of value on your fiat currency from the exchange rate.
- As can be expected, the exchange provides a Support system which allows anyone to submit requests and the team can be contacted by email or phone, as well as across their various social media channels.
- You will then receive your coins after entering the amounts, your credit card information, and entering your verification details.
The Exchange platform offers a trading fee of up to 0.25% whereas a maker fee of 0.00% is possible for traders and investors who keep a high average trade volume monthly. The Broker version offers trading fees from 0% up to 0.05% for new traders. If you are new to crypto and are interested in investing with a trusted exchange I would definitely recommend trying CEX.IO. You can trade cryptocurrencies actively even for large amounts, the platform has good liquidity on all the current markets.
Fees and Charges at CEX.io
They also offer useful tools and services for investors and traders. You can also deposit cryptocurrencies if you want to fund your account. CEX.io lets you use Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Litecoin (LTC), and several others.
CEX.IO has unlimited spending and withdrawals if you upgrade your account to an Enhanced or Corporate account. This requires that you pass a more extended but streamlined verification process, however. The payment options on CEX.IO are all the standard card payments, international bank transfers (SWIFT), domestic transfers (ACH, SEPA, Faster Payments), and e-wallets like Skrill, Qiwi, Epay, and CEX.io Review ADVCash. Some of the more popular features are the fiat account, margin trading, and staking which attracts thousands of crypto investors and traders every month. Due to its beginner-friendly interface, it is extremely easy to get started and also explore all areas of the exchange. CEX.IO is one of the more popular options for buying and selling Bitcoin and several other cryptocurrencies.
Opening an Account
Using this feature, you will be able to place limit and market orders on the exchange. The editorial team of Trading Browser is required to use first-hand sources to collect and share information regarding the businesses we promote. Among these sources, you will find LinkedIn profiles, Trustpilot reviews, Sitejabber ratings, whitepapers, government reports, and other reputable sources. Below is a shared list of the article sources used for this review. While I can’t say the exchange is free from support issues, I can testify as an exchange user that whenever I had an issue in the past I always received a relevant answer in a timely manner.
All cryptocurrencies and digital asset pairings are extensively vetted to determine their durability and potential to extend risk. Once they pass all necessary requirements, the CEX.IO Team continues to monitor their health, and provide timely communications in the event of listing updates. We believe this transparency is essential to user-centric providing on- and off-ramps to the crypto ecosystem, when participants may need them most. With over six million global users, CEX.IO’s community-centric approach to promoting discovery in the digital economy is backed by proven experience. We’ve made maintaining proper licenses and certifications a top priority, and are proud to remain in good standing through subsequent FinCEN audits. Our repeat compliance with Level 1 PCI DSS Security Standards helps ensure ironclad protection of user funds and information.
Trading Options
This article is not a recommendation by Investopedia or the writer to invest in cryptocurrencies nor can the accuracy or timeliness of the information be guaranteed. The company’s goal was to enable individuals to earn Bitcoin mining rewards without having to deploy expensive mining hardware in their homes. Available in 99% of countries and 48 U.S. states, CEX.IO has built a global crypto exchange ecosystem that serves over 4 million users. It goes against our guidelines to offer incentives for reviews. We also ensure all reviews are published without moderation. Our liquid order books enable top speed trade execution, and are built to sustain high-value transactions.
The exchange will ask for your county and your Social Security Number (SSN) as well as a quick SMS code verification. Yes, you can send and receive Bitcoins through the CEX.IO exchange. In this section of our CEX.IO review we highlight 6 special features that deserves extra attention. Learn everything you need to know about Bitcoin in just 7 days. Some currencies can also be purchased with EUR, GBP and RUB. In 2019, CEX.IO also expanded its services in the U.S. with MTL licences that can serve 48 states.
They are a registered company in the UK and have been in operation since 2013. They are also one of the few exchanges that allow you to buy Bitcoin with a credit or debit card. This is a question that gets asked a lot, and for good reason. CEX.io is one of the biggest and most popular cryptocurrency exchanges out there, so it’s natural that people want to know if it’s safe to use. Accounts that are address verified can purchase $10,000 in crypto each day. However, to become verified, you have to provide CEX.io with a government-issued identification along with personal data.
- Originally, it was a cloud mining provider that owned the GHash.io mining pool.
- CEX.IO offers its services to US residents in 49 states and Washington, DC (it doesn’t support New York residents).
- The mobile app is very nice, it features the buy and sell function as well as the option to swap from crypto to crypto.
- Very easy to use UI, lot’s of varity coins & tokens to trade.
- People also tend not to like the verification process or the customer support process.
- At times the compliance team might ask you to write down the date on a piece of paper & then take another selfie.