Digital assets CFD Trading Platform CEX IO Broker with Margin Trading
This is no guarantee of future security, but it’s a good sign, nonetheless. Get your hands on all the tools and test the platform in the simulated environment that reflects the market conditions. Meet Thadeus, a trading guru, brilliant writer, and financial fanatic with years of expertise in the industry. There a relatively high number of negative user reviews about CEX.IO.
- You can see every bid and offer price, and you have access to advanced charting and technical analysis tools, such as MACD, moving averages, and Stochastics.
- Regulation.CEX.IO is not on the Financial Conduct Authority’s cryptoasset register.
- It was established by Oleksandr Lutskevych and was one of the first platforms that supported fiat to crypto traders.
- The company offers a wide range of services and features that cater to both individuals and businesses in the crypto space.
- Best crypto wallet , very fast , without bug, all crypto available , fast registration.
- Margin trading can significantly increase your return on investment and is used by many professional traders.
The limits on these account types are unlimited, however, there are a few recommended deposits as well as withdrawal limits related to each of these payment methods. Traders can also take advantage of the CEX.io mobile app for carrying out buying, sell, earning, and exchanging cryptocurrencies anytime, anywhere. Their mobile app features different functionalities of the platform to match the requirements of traders.
About CEX.IO – company history and background
While the verified plus and corporate accounts are designed for advanced traders, basic and verified accounts are ideal for beginner traders. There are only a couple of cryptocurrencies that can be purchased using either fiat currency or Bitcoin on CEX.io. This includes currencies like Bitcoin (BTC), Bitcoin Cash (BCH), Bitcoin GoldBitcoin Gold (BTG), Ethereum (ETH), Ripple (XRP), Dash (DASH), Stellar (XLM), and Zcash (ZEC). CEX.IO has one of the more confusing limits systems that I’ve seen with a crypto trading platform. Always double-check any potential withdrawal fees before transferring funds to your external wallet. All Instant Buys at CEX.IO are charged a 7% fee on top of the fees that you’re already charged for using a credit or debit card (more on these next).
Is CEX.IO real or fake?
The exchange is regulated and licensed in all countries where it operates. In the United States, CEX.IO is registered with FinCEN as a Money Services Business(MSB) and has obtained money transmitter licenses (MTLs) in 33 states.
Like Coinbase, CEX.IO charges hefty fees for direct credit card purchases of digital coins through its platform. These fees are CEX.io Review 3.9% +$0.25c per purchase, which is certainly not cheap. However, purchases made using bank transfers (ACH and SEPA) are free.
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So, while it’s a convenient feature, it’s one of the more expensive ways to buy crypto in the UK. The interface has continuously been improving and with the addition of new coins such as COTI and ADA, the platform is expanding to newer heights. It has a simple user interface and a swift transaction process. From easy-to-navigate to the advanced trading feature it makes trading easy. Cex.io also has reputable acknowledgments in the online social community.
With the latter which is also known as the instant order, you will be able to buy or sell digital currencies instantly at the most favourable prices. CEX.IO has edged the competition by providing many services to their customers. Margin trading not offered by a number of leading exchanges is available on the platform. Based on our review, https://www.tokenexus.com/vidt/ CEX.IO’s support service is reliable and responsive via the supported channels. You will get quality assistance on a wide range of topics, including account registration, deposit and withdrawal processes, security, and more. You can also reach out to its team via social media handles, including Twitter, Facebook, LinkedIn, and Telegram.
Withdrawal fee for Australians at CEX.io
Dominic has a background in finance and is passionate about cryptocurrency, blockchain technology and NFTs. He has been investing in crypto since 2017, and is excited about the potential for innovation and creative uses for NFTs in the near future. The CEX.io debit card is still in its initial phases, and the exchange is rolling out the feature, starting with Europe. They will eventually start offering their cards in Australia, but you might have to wait for a little while. So, if you are not willing to take more risks and just want to enjoy casual trading, spot trading would be the right market to go with.
- Traders can take advantage of advanced order algorithms, analytical tools, and high-liquidity order book as well as instant and simple buying/selling interface.
- You will have full control over your assets, and you will be able to manage them just as you want.
- Once they reflect in your balance, go to the buy/sell interface, choose the quantity or enter a custom amount and go ahead and sell them instantly.
- However, it is always advisable that traders tread cautiously as many crypto exchanges have been hacked in the past.
- The exchange supports spot trading on dozens of cryptocurrencies and it offers customisable charting tools.
- That number varies and generally rises as more cryptocurrencies become available.
For instance, you can make payments in the United States dollar, Euro, Pound Sterling, and Ruble. The platform also accepts different methods of payment when it comes to funding the account. You can read more about cryptocurrency in our beginner’s guide, our list of the best cryptocurrency exchange platforms in the UK, and our step-by-step guide on how to buy bitcoin. CEX.IO is described as “Excellent” and is rated 4.7 out of 5 stars on Trustpilot across over 22,000 reviews. Add and remove funds in uk via debit card or bank transfer.Easy and fast process. If you wish to sell coins and make direct bank transfer in uk sterling this is the site for you.
Regulation and Deposit Protection
They have tons of services to offer to Australians and every country in the world. Their one-stop mechanism and combination of services allow users to invest, earn, buy, sell, manage, and learn in one place. Most people are reluctant to invest in the crypto industry because they cannot spend their assets or money quite easily. This problem can be solved easily with the crypto debit cards that work with merchants all over the world. CEX.io offers their own crypto debit cards that will allow you to spend your cryptocurrencies wherever VISA cards are accepted. New entrants to the cryptocurrency space often ask whether CEX.io is safe, and a legitimate trading platform to use.
The platform works well, provides good technical analysis tools, and is user-friendly. These days, many platforms offer chatbots or 24/7 phone representatives to provide customers with a quick response. CEX’s slow customer service is one of the biggest complaints users have about the exchange. If you want to trade on the go, CEX has you covered with their mobile App.
CEX.IO customer reviews
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. Regulation.CEX.IO is not on the Financial Conduct Authority’s cryptoasset register. Your daily deposit and withdrawal limits are determined by the verifications you complete and the type of account you have.
But we won’t go into great detail on it in this CIX.io review. However, regardless of your experience level, even new users would most definitely want to progress to the “verified” account tier. After the segment on basic accounts, we will through the benefits of doing so. ❌ It’s necessary not to put too much faith in the security of any exchange. That is true for both fiat money and cryptocurrencies, but especially for cryptos.
CEX offers a simple Spot Trading platform as well as an Exchange Plus platform. Both are quite easy to use, but Exchange Plus provides more trading tools and data. That number varies and generally rises as more cryptocurrencies become available. CEX.IO is a regulated exchange in various parts of the world. One of the drawbacks of CEX that users cite is slow customer service response, which is a concern if a matter needs timely attention.