CEX IO Crypto Exchange Reviewed and Compared 2024

The exchange claims to have never lost a single cent of user funds. In addition to Bitcoin, CEX.IO supports trading with dozens of other digital currencies, including Ethereum, Bitcoin Cash, Litecoin, Dash, Ripple, and many more. Has a lot of functionality and where to buy and sell and different types of crypto.

No reply , can’t withdraw coins for more than a year

CEX keeps the vast majority of its funds on wallets locked in vaults protected by armed security guards and video surveillance. This can also be a tax-efficient strategy, as loans do not count towards personal income. The fact that you https://www.tokenexus.com/what-is-beam-coin-detailed-information/ don’t sell your crypto, merely post it as collateral, means that you are not realizing any taxable capital gains. Of course, it’s always worth checking with a local tax professional who can give advice on your particular situation.

CEX.IO Review: Advantages of Having a Verified Account

Traders also have access to margin trading, except those in the United States. Most users will find this type of trading beneficial as they can make significant gains quickly. However, never enter into a trade that you can’t afford, otherwise, you might end up in a tight spot if things go awry. Limit orders are orders placed to purchase crypto under the market value or to sell it above the market value at a set price.

Different trading pairs

For more experienced investors, the brand has introduced the Exchange Plus web trader, which offers more advanced trading tools than the spot trading interface. Messari.io’s ranking of crypto exchanges by real spot volume places CEX.IO at #51. On a day when Coinbase counted $4.5 billion in volume, CEX.IO did $25 million across its 37 tradeable pairs.

To place an order, users can switch back to the default trading page and use the ‘Order Box’ as shown below to execute an order. Staking is similar to a bank savings account but comes with much greater risks. The underlying volatility of cryptocurrencies is extremely high and you won’t be protected by FDIC insurance as you are with a traditional bank account. If you’re looking to save on trading and funding fees, you might consider Crypto.com or Binance.US, while those looking for phone support might take a look at Kraken. CEX.IO provides customer support through an online support center, live chat, and email.

• I’ve yet to face any problems, which speaks volumes about its stability and performance.
• 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 platform’s intuitive design and user-friendly interface make it easy for both beginners and experienced traders to navigate.
• Yes, CEX.IO offers an iOS and Android-compatible mobile app that allows users to buy, sell, earn, and exchange crypto anywhere and anytime.
• CEX.IO is a registered company and/or money transmitter in all districts in which it operates.

Customer Support

• Today, the brand offers services to customers in 30+ US states and the EU, with an impressive 5 million+ registered traders.
• Users enjoy on-the-go access to their crypto portfolio, and the ability to seize opportunities from anywhere, whenever they arise.
• Address-verified accounts can buy up to $10,000 worth of crypto per day and withdraw $50,000 per day.
• Multiple CEX.IO users have complained about problems with completing identity verification.
• Importantly, our review found no reports of major scams or loss of customer funds through hacking, events that are unfortunately quite common in the crypto market.
• From day one, ensuring an exceptional user experience was a pillar of our product goals.
• While customer support could be better, it’s obvious that CEX.io is trying very hard to improve.

Traders who are looking for more of a professional feel might consider Gemini or BYDFi. When it comes to funding your account, many of the different methods available come with a hefty fee. You’ll pay 2.99 percent to 3.99 percent for deposits made with a variety of sources such as Visa, Mastercard, Apple Pay and PayPal. ACH bank transfers aren’t available for deposits, though you can fund your account through a domestic wire transfer or the SWIFT payment system for no charge.

thoughts on “CEX.io Review: Is CEX Safe & How To Use It? ( ”

If you click on links we provide, we may receive compensation. We’re firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers. The Ascent, CEX.io Review a Motley Fool service, does not cover all offers on the market. On the other hand, several crypto exchanges offer quite a bit more. If you’re a fan of smaller cryptocurrencies, you might need an exchange that gives you more investment options.

How to Open an Account

Bottom line – The brokerage service is a simplified way for beginners to get started with buying Bitcoin or any other crypto without needing to go through a complete course on trading. Stay up to date with our latest exchange reviews, promotions, how-to guides and educational articles on Bitcoin, cryptocurrency & more. Traders that are familiar with using crypto charting websites such as TradingView will be able to draw lines, patterns and add indicators to the price charts.