Astronaut December 29, 2020 No Comments

CEX IO Crypto Exchange Reviewed and Compared 2024

CEX.io Review

Debit and credit card fees can be up to 3.99%, with a service fee depending on the country. The full schedule of deposit and withdrawal fees on CEX.IO can be viewed here. In addition to trading fees, minimum deposit requirements apply for cryptocurrency deposits, and cryptocurrency withdrawal fees vary from asset to asset.

CEX.io Review

The app has over six million global users & has a few great products for everyone, traders, businesses, & partnerships. You can also learn everything about cryptocurrency and trading at the university on the app. Its user-friendly interface and an extensive array of cryptocurrencies https://www.tokenexus.com/cex-review/ make it an ideal choice for both beginners and experienced traders. The platform’s commitment to security is commendable, ensuring a safe environment for transactions. The swift processing of transactions and the liquidity of the platform contribute to a seamless trading experience.

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I think it’s a solid exchange, with the only downside being the high fees they charge for their brokerage service. If you’re a more advanced user, you can cut dramatically on fees by using the trading platform and not the brokerage service. Binance has partnered with Simplex to allow credit card purchases of cryptocurrencies on their site. Compared to CEX.IO, Binance purports to offer a card fee of up to around 2%. 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.

The downside is that for this to work, CEX.IO has to charge customers a premium so that they will always be able to fulfill their orders, hence the higher exchange rate. CEX.IO started out in 2013 in London as a Bitcoin exchange and cloud mining provider. At some point, its mining pool, known as Ghash.io, was so big that it held 42% of the total network mining power. Prevailing opinion according to most third-party analysis indicates that Coinbase ranks slightly better overall in terms of metrics such as overall score, ease of use, and security.

Fees

It accepts multiple deposit types and supports different digital assets. It is great for both advanced users and beginners getting started with buying and selling cryptocurrencies. CEX is a well-known & reliable U.S.A-based crypto exchange and broker to purchase Bitcoins, Ethereum, and other cryptocurrencies using bank transfer, Debit, or credit card. The markup is a little higher, but the ease of use & trust make it a reliable website for purchasing Cryptocurrencies. The exchange also boasts a working mobile app for Android and iOS. The staking feature is one of the newest additions that lets you earn interest on your crypto holdings.

  • Due to its beginner-friendly interface, it is extremely easy to get started and also explore all areas of the exchange.
  • Many of these exchanges offer investment options for active traders looking to buy, sell, or hold digital assets like bitcoin, ether, and litecoin.
  • This average customer rating is based on 2 CEX.IO customer reviews submitted by our visitors.
  • For comparison’s sake, I’ve been able to get verified with several other exchanges, including Gemini and Coinbase, quickly and easily.

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