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

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CEX.io Review

Credit card deposits are limited to 3000 USD/EUR (2000 GBP) daily and 30,000 USD/EUR (20,000 GBP) monthly, while withdrawals are subject to 200,000 USD/EUR/GBP daily and 500,000 USD/EUR/GBP monthly limits. The Address verification tier allows for unlimited total deposits via bank wire transfers although they https://www.tokenexus.com/ are limited to 200,000 USD/EUR/GBP daily and 500,000 USD/EUR/GBP monthly deposits. Accounts are limited to deposits/withdrawals of up to 1000 USD/EUR (800 GBP) per day and 3000 USD/EUR (2000 GBP) per month. This is largely due to the exchange prioritizing security for both user funds and platform access.

  • I found that the application has a lot of user support functions.
  • Taker fees, however, are for orders that instantly match with other orders, making them immediately marketable.
  • At every exchange you pay fees for trading and sometimes also for using payment methods.
  • I just installed the application, I believe it will be useful.
  • Identity-verified accounts can buy up to $1,000 worth of crypto per day.

The exchange offered credit card payments and bank transfer to help its clients buy cryptocurrencies easily and safely. The platform has placed a tremendous effort to developed and maintained good relationships with well-known banks available in the market. CEX.io is a great option for anyone who wants to buy Bitcoin with a credit or debit card. The fees are higher than some other exchanges, but the convenience and simplicity of the process make up for it. CEX.io is also a good choice for those who want to trade cryptocurrencies, as they offer a wide variety of trading pairs.

BitMEX Review: Is It Still Safe in 2024? (Do not signup before reading this)

Many people, even those who have been in the crypto industry for a while, don’t know that CEX.io has been around for nearly a decade. The platform launched in 2013 as a mining provider and Bitcoin exchange. Based in London, CEX.io once held 42% of the Bitcoin network mining power at one point.

Margin trading is available as well, but not in the United States. For businesses, the exchange offers institutional trading with CEX.IO Prime. 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 CEX.io Review manner. Also, MasterCard withdrawals for users from India are disabled. If there is a sudden spike in the exchange rate, preventing the execution of the order on the agreed conditions, you will be notified. After you confirm the trade, your order is matched to other orders on the exchange, and your balance is adjusted.

Enhanced Verification Tier

Please don’t interpret the order in which products appear on our Site as any endorsement or recommendation from us. Finder.com compares a wide range of products, providers and services but we don’t provide information on all available products, providers or services. Please appreciate that there may be other options available to you than the products, providers or services covered by our service. If you are new to crypto, you might want to stay away from the margin trading and derivative products that the platform offers, as these financial instruments can be quite risky. With an account on a higher tier than basic, you can deposit and withdraw with bank transfers and any of the cryptocurrencies listed at CEX.IO (above). Therefore, the variety of payment methods make everything super simple for new users.

The trust of people using this platform from all around the world might make it a reliable exchange for you. There are hundreds of cryptocurrency exchanges available on the internet, but the fact that they have a customer base of more than 3 million users, speaks volumes about the trust people have in CEX.IO. CEX.IO prioritizes stability and provide international traders with trouble-free services, strict security, financial viability and safe cold cryptocurrency storage. There has not been any account theft experienced by any of the CEX.IO members/clients, a company registered with the Information Commissioner of the United Kingdom.

Which cryptocurrencies can you trade on CEX.IO?

CEX.io isn’t the only exchange in the market, and it may not even be the best. There are a variety of options, and the right exchange for you depends on a lot of factors. Daily wallet reconciliation procedures require that new client funds get moved to secure cold wallets. Limit orders are orders placed to purchase crypto under the market value or to sell it above the market value at a set price. These orders aren’t completed until another user makes the request, and the price matches what you want. One of the benefits of limit orders is that you can cancel them so long as the order has not been fulfilled.

Trading services are available to most countries including over 24 USA states, while cross-platform trading ensures trader convenience. Overall though, CEX.IO has amassed thousands of overwhelmingly positive reviews, making it one of the highest-rated exchange platforms in the UK. ​​A more advanced digital marketplace specifically designed to allow investors to benefit from the rapid up-and-down price movement of cryptocurrency. With CEX.IO Broker, users can both long and short cryptocurrencies by trading CFDs (contracts for difference) on margin with up to 2x leverage. It also offers sophisticated technical analysis and charting tools, similarly to the Pro account on Kraken.

CEX.IO is really clear app for beginers and advanced traders

Identity-verified accounts can buy up to $1,000 worth of crypto per day. These users can only use a credit card to fund their purchases. Investopedia is dedicated to helping those interested in cryptocurrency investing make informed and safe decisions. We are committed to providing our readers with unbiased reviews of the top cryptocurrency exchanges for investors of all levels. CEX.IO have recently introduced Skrill payments, an online payment provider who process fast fiat transfers, which enables customers to credit their CEX.io accounts with British pounds (GBP) and euros (EUR). While not the most competitive in the industry, CEX.IO’s credit card fees (2.99% for deposits) are still well below the market average, and this is a major advantage to a huge range of crypto investors.

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