Users with enhanced and corporate accounts can use Skrill to easily transfer funds to their trading account without the need to wait for lengthy bank transfers. However, not all digital asset exchanges offer this option and those that do often charge extremely high fees for the privilege. While the number of negative comments greatly outweighs the positive, this is to be expected. This is because people normally don’t leave reviews on services they like.

• It started out as a UK focused bitcoin exclusive exchange and cloud mining provider.
• Except for a few countries, there is hardly any country in the world where its operations are not active.
• The only thing I would like is for the colours of the interface to be changed.
• The CEX.IO fees are not that high and you can get a discount if your trade more.
• Regulatory compliance is a big thing for the platform, which is why it follows KYC/AML guidelines.

Some fees are a percentage of the total transaction, and others are both a percentage and a flat dollar amount. Safety is a must for any crypto exchange, and it’s one area where CEX.IO excels. This exchange was launched https://www.tokenexus.com/ in 2013 and has never lost any of its customers’ cryptocurrency funds. It also uses industry leading security to keep its accounts and crypto safe, including data encryption and offline crypto storage.

How to create a CEX.IO account?

Users can also deposit funds using domestic bank transfers (for the US), Skrill (for GBP and EUR), and credit or debit cards. While some other international exchanges have separate U.S. platforms, CEX.IO works differently. However, U.S. customers aren’t able to access certain features, including margin trading, crypto-backed loans, and crypto CEX.io Review savings accounts. CEX.IO puts safety first and has never lost any of its customers’ crypto funds. The exchange also offers low trading fees and other valuable features, including a great crypto staking program. But there are some areas where it could be better, with its complex deposit and withdrawal fees being particularly frustrating.

You can find the full list of cryptocurrencies which you can buy, sell, or trade with on CEX.IO on its website. Once you request a withdrawal, it will be processed within 24 hours. However, it might to a bit longer for the money to reach your bank account. Take my advice and DON’T trade in large sums if unexperienced… However, even new users will likely want to reach the “verified” account tier. I’ve explained the advantages of doing so after the section on basic accounts.

Is CEX.IO safe?

Experienced traders and investors, however, will find that CEX.IO should meet all of their crypto needs. CEX.IO provides detailed insight into its fee structure, deposit and withdrawal commissions, and account limits. Traders can make use of the exchange’s spot and margin trading platforms and the CEX.IO mobile app, which allows for on-the-go trading.

• You will start with 0.25% fees, and based on your 30 days trading volume, your fees will be adjusted.
• CEX.IO has a blog that includes some educational articles, but posts are sporadic, and there are plenty of important subjects that aren’t covered.
• This is done to keep only the best quality projects on the exchange.
• With its numerous deposit options, multiple digital assets, and user-friendly design, it’s obvious why CEX.IO has been so successful for the past years.
• They have an earn option as well which provides good yields.

Financial Conduct Authority (FCA), which allows the exchange to carry out crypto asset activities, while the FCA reviews the company’s application. It goes against our guidelines to offer incentives for reviews. We also ensure all reviews are published without moderation. Yet again, they have not responded after I provided them with new information. Please review all the feedback from their customers; everyone is complaining about money not being returned.This company should be reported to Interpol; it would hopefully stop or seize their criminal activity.

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Therefore, I won’t be going into too much detail about them. CEX.IO offers its services to US residents in 49 states and Washington, DC (it doesn’t support New York residents). CEX.IO also has Money Transmitter Licenses (MTLs) in 33 US states. Ratings typically reflect the BBB’s opinion of how well a company interacts with its customers.

CEX IO EU Limited also provides card processing services to clients from the European Economic Area (EEA). Let me provide you with the pros and cons of CEX.IO cryptocurrency exchange platform. Cryptocurrency access also varies for users from different countries. Specifically, some crypto assets won’t be available for traders from the United States, Canada, China, and South Korea, according to CEX.IO. CEX.IO charges a maker/taker transaction fee that is based on your 30-day trading volume for all trading pairs.

CoinSutra and its writers are not responsible for any investment losses from acting on website or social media content. CoinSutra provides general cryptocurrency and blockchain information for educational purposes only. Content on CoinSutra’s website and social media is not financial, investment, trading, or professional advice. Readers should conduct independent research and consult a licensed advisor before making investment decisions.