CEX.IO Exchange Valuation
- 1 How to Register with CEX.IO?
- 2 make a deposit
- 3 Purchase your Cryptocurrencies
- 4 History of Exchange CEX.IO
- 5 CEX.IO: Regulation and Security
- 6 Is the CEX.IO Platform Safe?
- 7 Features, Supported Digital Currencies, and Security
- 8 CEX.IO Fees and Costs
- 9 Payment Methods and Limits
- 10 Trading Platform
- 11 Educational Resources
- 12 Trading Options
- 13 CEX Account Types
- 14 Conclusion
Pros / Cons
- Exchange established with good security levels.
- Simple, intuitive and detailed interface
- unlimited withdrawals
- High commercial volume
- Mobile app
- Multiple payment methods
- Limited number of supported currencies
- No advanced order types
CEX.IO is a registered cryptoactive platform that operates outside the UK, as well as in Gibraltar and the newly opened offices in New Jersey, USA.
The CEX.IO exchange operates as CEX.IO LTD, which offers Cryptocurrency trading services worldwide; CEX.IO Limited, providing services to companies based in the European Union and CEX.IO Corp, whose services are customized for users in the US. CEX.IO LTD has its postal address at One Canada Square, Canary Wharf London E14 5AB, UK.
How to register with CEX.IO?
Register and verify your identity
To register a free account, go to the CEX.IO website and click on Get Started. Enter an email address and set a password. Check the Terms and Conditions box, and click Create Account.
Your email and use the confirmation link to complete registration. Log in and verify your address or ID.
make a deposit
CEX.IO makes financing your account extremely simple. After logging in, click on Deposit in the upper left corner of the CEX.IO accounts panel.
You will be instructed to choose one form of payment. Select the currency and amount you want to deposit. Follow the instructions to complete the process.
Purchase your Cryptocurrencies
Before purchasing digital currency, make sure you have your wallet set up.
Go to the Buy/Sell section and choose the currency you want to buy. Set the amount in your preferred fiat currency (USD, EUR, GBP and RUB – minimum $20). Make sure everything is correct and confirm the wallet address one more time and click Buy.
History of Exchange CEX.IO
CEX.IO started operations in 2013, registering and establishing offices in London, UK. THE platform of cryptocurrencies still maintains a physical address in the country. Originally, CEX.IO offered cloud mining services under the then powerful GHash.IO mining pool.
In 2014, the company abandoned the cloud mining venture and focused on Bitcoin commerce, with its pioneering debit and credit card deposit, allowing users to easily purchase cryptographic currency.
The expansion saw the CEX.IO team launch a mobile app in 2015, which has an intuitive and user-friendly interface. Withdrawals with card credit/debit ratios were added in 2016 after regulatory approval in the UK. When Bitcoin (BTC) began its recovery in 2017, CEX.IO was regulated by FinCEN after a successful audit to prevent money laundering and terrorist financing.
CEX.IO has also played a key role in promoting the interests of the Cryptocurrency trading industry, as well as ensuring regulatory compliance. The company is a founding member of CryptoUK, launched in 2018 and includes big names such as Coinbase, eToro and CoinShares.
In 2019, CEX.IO entered the American market and acquired Money Transmitter licenses that allow it to operate in several states. To continue to offer the best service to its more than 3 million users, the company recently launched a range of new services, including margin trading, staking and instant recharge, and credit card sales.
CEX.IO: Regulation and Security
Regulatory compliance and security are two of CEX.IO's strengths as a cryptocurrency operator. Notable for the switch is its continued pursuit of regulatory approval across jurisdictions since its launch in the UK in 2013, operating with far more transparency than many of the unregulated platforms are capable of.
In addition to being registered with the UK Information Commissioner's Office (ICO), it has regulatory approval from the Financial Crimes Enforcement Network (FinCEN). FinCEN is an agency of the US Department of the Treasury and its license allows CEX to operate as a financial services company, with availability in more than half of the US states.
The CEX cryptoactive platform is also in the process of obtaining licenses from FCA in the United Kingdom, BaFin Germany, Monetary Authority of Singapore, and GFSC Gibraltar.
In terms of security, Mozilla Observatory returns a security score for CEX.IO slightly above the industry average when compared to other exchanges.
Is the CEX.IO Platform Safe?
Security and protection of funds is one of the biggest concerns for any cryptoactive user, and no doubt many people ask if CEX is a secure platform.
Well, for starters, CEX is a registered and regulated entity with offices in One Canada Square, Canary Wharf London E14 5AB, UK. The platform offers its services in accordance with the guidelines established by bodies such as FinCEN and FCA in the UK. In addition, the exchange seeks to protect its users by adhering to Anti-Money Laundering (AML) and Know Your Customer (KYC) policies and checks.
Users only trade after completing a rigorous verification process, and built-in monitoring systems check every transaction for potentially harmful activity.
Customer cryptographic funds are held in cold storage and escrow accounts, with additional security enhanced by full data encryption and two-factor authentication (2FA). Users will be assured that CEX.IO is also PCI DSS certified. PCI DSS stands for Payment Card Industry Data Security Standard.
CEX.IO is registered in the UK and has received money transmission licenses to offer services in the jurisdictions in which it operates. The company has regulatory approval from FinCEN in the United States and is in the process of approval in several other EU countries and around the world.
The exchange's solid reputation has resulted in the registration of over 3 million user accounts.
Is CEX.IO a Good Choice for Me?
Whether you're a pro or just starting out, CEX.IO offers a platform that delivers the best experience. There are several reasons why you can choose CEX.IO, whether you are a novice trader or a pro looking for advanced trading options.
I'm just getting started
CEX offers a user-friendly and easy-to-navigate interface that makes it easy to register, deposit funds and purchase your first cryptographic currency for beginners. Users can easily scroll down or go to the next page to complete their transactions.
There is also a FAQ section and an updated blog with various educational resources that explain the fundamentals of buying and trading cryptographic currencies.
When they need help, users can contact a great support team 24/7 via email, live chat and phone.
I'm Advanced Level User
For specialists looking for advanced trading options, CEX offers a range of products including margin trading, auto loan and negative balance protection. Enjoy advanced reporting, fast order execution and a highly liquid order book. The WebSocket API allows full trading functionality, while institutional investors can use the FIX API to access Bitcoin liquidity information.
Features, Supported Digital Currencies, and Security
The security of user funds is paramount to a cryptoactive exchange and CEX.IO continues to enjoy the status of never having been hacked since its inception.
Features such as global coverage, regulatory compliance, a wide range of supported Cryptocurrencies and low commercial fees/commissions are attractive to both novice and professional users.
The platform uses cold storage and hot wallets, but private keys are protected separately.
Each user is encouraged to secure their accounts by enabling 2FA, while the use of the withdrawal PIN code (WPC) allows users to authenticate any withdrawal based on mobile devices.
In addition to physically separating private keys and using high-level cryptographic currency, CEX.IO also employs the use of secure vaults and escrow storage to protect users' funds. US customers also benefit from insurance protection of up to $250.000 under the Federal Deposit Insurance Corporation (FDIC) program.
REGISTRATION IO lists the following digital assets: Ethereum (ETH), Bitcoin Cash (BCH), Bitcoin (BTC), Bitcoin Gold (BTG), Dash (DASH), Ripple (XRP) Stellar (XLM) Tron (TRX), Litecoin (LTC ), Cardano (ADA), Chainlink (LINK), OmiseGo (OMG), BitTorrent Token (BTT), Ontology (ONT) and MetaHash (MHC), Gemini Dollar (GUSD) and Tether (USDT).
Users can easily buy these Cryptocurrencies using USD, EUR, GBP and RUB.
How to Transfer Your Funds to CEX.IO
Before transferring digital currency from your account, make sure you have activated 2FA.
Log into your account, go to the “Finance” page and click on “Withdrawal”. Select the digital currency you want to transfer and the amount. Then enter the address of the recipient's external wallet and verify that it is entered correctly. Check the transfer confirmation box and press “Withdraw”. Follow the link to the email sent to you to confirm the transfer of cryptocurrencies. Your digital currency will be sent to the address you provided.
To transfer the crypto to your CEX account, go to the 'Deposit' menu on the 'Finance' page and select the currency you wish to transfer. Copy/paste address from wallet or enter one manually. Fill in the selection box and click on the 'deposit' button to receive the coins into your CEX.IO account.
Tip: The platform does not allow withdrawals for the first 48 hours after registering a new account.
CEX.IO Fees and Costs
Users pay a 2,99% fee on all card deposits. Bank transfers (EUR, USD, GBP) are free, the waiting period can reach up to 2 working days.
Bank transfer withdrawals cost a 0,3% service charge plus $25 for SWIFT. However, ACH, SEPA, or Faster Payouts are free.
Visa/MasterCard card withdrawals cost 3% + $1,20 and 1,8% + $1,20 in fees, respectively. Fees for these payment methods are up to a maximum of $3,80.
The fee is generally tied to the user's trading volume over 30 days and starts at 0,25% for buyers and 0,16% for manufacturers. The fee can then be reduced to 0,10% for buyers and 0,00% for manufacturers as dealer volume increases.
Payment Methods and Limits
CEX.IO offers several payment methods. This includes credit card, bank transfer/wire transfer, and wallet transfer. You can use CEX as a trading platform or broker.
Available payment methods:
- Credit card
- Bank transfer
- SEPA (EU)
Faster Payments (UK)
- Digital currencies
- Minimum trade size: $20
- Max trade size: up to $10.000 (verified accounts).
CEX.IO: Performance, features and functionality
CEX.IO's unique selling point is its well-established regulatory path, with the team's commitment to providing users with the very best in Cryptocurrencies, earning the platform's applause. Worldwide coverage, security, cross-platform trading, real-time reporting, high liquidity are some of the features and functionalities that have seen CEX.IO attract a huge user base.
CEX.io offers online commerce, mobile app, WebSocket and API accessible across platforms. A sleek, easy-to-navigate design and an intuitive interface make it easy for both novices and experienced traders to complete your trades.
The trading platform offers an advanced matching algorithm, a variety of trading tools and a highly liquid order book. A demo account is also available for CEX.IO Broker users.
If you are looking to increase your learning and understanding of Bitcoin and other currencies, there are several online courses for that. While CEX.IO does not offer such a course, the company's blog has up-to-date information on digital currency buying, trading and more.
There are also YouTube videos and tutorials designed to help users understand how trading works, while CEX.IO's team and support center offer 24/7 assistance via live chat, across media social and by telephone.
CEX.IO Broker is where clients access margin trading via CFDs (Contract for Difference), with leverage of up to 100X. Take advantage of high trading frequency and scaling to profit from price movements.
It must be stated, however, that this form of trading poses greater risk and you should learn all you can before committing to any investment.
CEX Account Types
CEX.io offers a system of accounts by levels or access levels. When you sign up for an account with the exchange, your level of access and what you can do depends on whether you have a basic or verified account.
Deposit, trade and withdrawal limits, as well as available payment methods, depend on your account level. There are several accounts offered, users can register and maintain any of the following account types on the platform:
A basic account and a standard account level before verification. Lifetime deposits total $100, with withdrawals limited to $100 a day. Only Visa and MasterCard payment methods available for this and the next account level.
Verification of your identity increases daily deposit limits up to $3.000 and daily withdrawals up to $10.000.
A verified address unlocks the wire transfer payment option and increases the daily limits to $10.000 for deposits and $50.000 for withdrawals.
A verified account unlocks more payment methods and gives you access to unlimited deposits and withdrawals
Verified top level + account for companies. Users have access to customized trading options along with unlimited deposits and withdrawals.
CEX.IO is a well-established and regulated cryptocurrency platform that has been in operation since 2013. The company and the team behind the Cryptocurrency exchange have demonstrated that they value the security and protection of their users, with all measures taken to ensure this through a rigorous verification process.
What the exchange may not offer users for now is access to the widest range of cryptoactives, which may lead people to consider other rival exchagens they do. The use of CEX.IO is as safe as any other leading exchange and its founders are still heavily involved, which is always a good sign.