About CEX.IO
CEX.IO is a global cryptocurrency exchange platform that started in 2016 but has been active in the industry since 2013 as GHash.IO, a bitcoin mining ecosystem. It has evolved into a major exchange platform serving over 4 million users.
Ownership
CEX.IO was founded by Oleksandr Lutskevych, a Ukrainian tech entrepreneur, and is based in London with subsidiaries in various countries.
Services
CEX.IO offers trading tools for individuals, traders, and businesses to exchange cryptocurrencies like Bitcoin, Ethereum, and Litecoin. It supports trading with fiat currencies and offers a margin trading tool called CEX.IO Broker.
Pros of CEX.IO
- Regulated and licensed exchange platform
- No cap on withdrawals
- Compatible with various operating systems
- User-friendly mobile app available
- Offers multiple payment methods
- Low transaction fees
- Provides various trading options
Cons of CEX.IO
- Lengthy verification process
- Limited deposit amount for unverified users
- Restricted access in some parts of the USA
- Complex fee structure
Account Registration
The registration process involves providing basic information, age confirmation, and email verification. There's an optional KYC process to increase deposit and withdrawal limits.
Deposits
To fund your account, login and select a preferred deposit method such as VISA, Mastercard, SWIFT, etc. Choose the currency, input the amount, and confirm the payment.
Withdrawals
Login, click "withdraw," select the payment method, enable 2-Factor Authentication, choose the currency and amount, confirm the transaction fee, and complete the withdrawal.
Trading
Access the trading interface, choose a trading type (spot or margin), select a trading pair, input your trade, and place the order.
Staking on CEX.IO
Staking is straightforward on CEX.IO. Deposit supported coins, and CEX.IO handles the rest. Supported coins for staking include Polkadot, Solana, Cosmos, MetaHash, Cardano, Zilliqa, Tron, MATIC, Songbird, and Tezos.
CEX.IO Wallet
CEX.IO provides a multi-currency wallet accessible via web and mobile. The mobile wallet allows you to track and manage your portfolio.
Cryptocurrencies Available
CEX.IO supports over 100 cryptocurrencies, including Bitcoin, Ethereum, Cardano, Dogecoin, Tether, Tezos, and more.
CEX.IO Fees
Fees vary based on transaction time, trading volume, and order type. Marker orders have a fee between 0.15% to 0%, while taker orders have fees between 0.25% to 0.01%. Deposit and withdrawal fees depend on the method used.
CEX.IO Variants
CEX.IO has two variants: CEX.IO Broker for advanced traders and CEX.IO Direct for businesses accepting crypto payments.
Security Features
CEX.IO employs advanced security measures including cold and hot wallets, 2-factor authentication, KYC, and SSL encryption to protect users.
FAQs
Who regulates CEX.IO?
CEX.IO is regulated by Gibraltar Financial Services Commission (GFSC), UK FCA, and FinCEN in the US.
CEX.IO alternatives:
Gemini, Phemex, and Kraken are alternatives to CEX.IO.
Final Verdict:
CEX.IO is a respected exchange platform with low fees, secure wallets, and various trading options. However, it has restrictions in the US and complex fee structures.
