Get started with the easiest and most secure platform to buy, sell, trade, and earn cryptocurrencies.
- Low minimum deposit requirement of £20
- User-friendly platform, making it accessible to users of all levels
- Hosts 200 cryptocurrencies, including popular ones like Bitcoin, Ethereum, Litecoin, Binance Coin, and more
- Versatile payment options, including credit cards, bank transfers, and e-wallets
- Excellent native app available on Google Play and the App Store
- A PCI DSS Level 1 certified platform, thus guaranteeing your funds and data safety
- Charges a relatively higher fee than most popular crypto exchanges
- Crypto withdrawal fees apply
CEX.IO is one of the most established cryptocurrency exchanges in the market. It has been operating since 2013, providing users with a platform to buy, sell, and trade digital assets. The exchange offers a range of features and tools to meet the needs of both novice and experienced traders. In this CEX.IO review for 2024, we’ll take an in-depth look at its services, security measures, fees, and more, to help you determine if it’s the right exchange for your cryptocurrency investment needs.
CEX.IO Overview
Founded in 2013 as a centralised exchange, CEX.IO is a cryptocurrency exchange platform based in London, UK. It has evolved throughout the years and now serves over 5 million users across 194+ countries globally. The company offers a wide range of services and features that cater to both individuals and businesses in the crypto space. Besides being a crypto exchange, the company specialises in application management.
One of the unique aspects of CEX.IO is its multi-functional approach to cryptocurrency trading. The platform not only provides a traditional spot trading experience but also offers margin trading and a crypto debit card service. This makes it a one-stop shop for all your crypto needs.
CEX.IO also provides a mobile application for iOS and Android devices, allowing users to trade on the go. The CEX.IO app is designed with the same user-friendly approach as the desktop platform, making it accessible and convenient for users on the move.
Compare CEX with Other Exchanges:
Cryptocurrencies Available
As mentioned earlier, CEX.IO exchange hosts 200 cryptocurrencies, giving you plenty of options to choose from. Some of the most popular cryptocurrencies available on CEX.IO include:
- Bitcoin (BTC)
- Ethereum (ETH)
- Ripple (XRP)
- Bitcoin Cash (BCH)
- Litecoin (LTC)
- Cardano (ADA)
- Chainlink (LINK)
- Binance Coin (BNB)
- Polkadot (DOT)
- Tether (USDT)
Note that CEX.IO supports both fiat-to-crypto and crypto-to-crypto transactions when making purchases on its platform. This makes it accessible and flexible to a wide range of users. Some of the fiat currencies you can use in buying cryptocurrencies at CEX.IO include USD, GBP, and EUR.
Fees
CEX.IO follows a transparent pricing model by offering a tiered fee structure, where users can receive discounts on fees based on their 30-day trading volume. Based on our analysis, you will incur high maker and taker fees with a low 30-day trading volume. However, the more you invest, the less fees you will incur.
Keep in mind that there is no registration fee when you sign up for an investment account at CEX.IO. The exchange’s minimum deposit requirement is also low (£20), thus making it a viable option for beginners or low-budget investors. However, ensure you confirm whether you can afford CEX.IO’s trading fees before taking a plunge.
When it comes to transaction charges, UK investors will not incur any fees for deposits and withdrawals when using the Faster Payments method. Using other payment options attracts a fee, which you must confirm since they vary with the provider. On top of that, expect currency conversion fees and inactivity charges for accounts that remain inactive for over 12 months.
Payment Methods
CEX.IO supports various payment methods, including Visa, Mastercard, Apple/Google Pay, Skrill, Bank Transfer, PayPal, etc. Unfortunately, transactions here are not free, except for the Faster Payments method. You may also incur additional fees, such as currency conversion fees when depositing or withdrawing funds in a different currency besides the GBP, EUR, and USD.
Security
CEX.IO strives to provide its users with a secure and reliable platform for buying and selling cryptocurrencies. The exchange is registered with over 30 global financial regulators, including the Financial Conduct Authority (FCA) in the UK. Moreover, it uses SSL encryption technology to secure all sensitive users’ information, such as personal details and financial transactions.
CEX.IO also implements multi-factor authentication to ensure that only the account owner can access their account. Users can enable this function through their account settings. On top of that, the exchange performs regular security audits and updates its security measures to avoid potential threats.
Lastly, you are guaranteed the safety of your funds with CEX.IO since it has cold and hot wallets for storage. Most user funds are secure in the cold wallet since it is offline-based, making it more secure.
Customer Support
CEX.IO has a 24/7 support service operating via email and online support tickets. You can submit a support ticket through the platform’s website, and a representative from the support team will get back to you as soon as possible. Additionally, the exchange also has a comprehensive FAQ page that provides answers to common questions and issues.
Based on our review, 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.
Education
CEX.IO is committed to providing its users with an excellent collection of learning resources to help them learn more about cryptocurrency trading and the platform’s services. You will have access to articles, tutorials, and guides covering a wide range of topics related to cryptocurrency investing.
In addition, CEX.IO offers a demo trading feature, which allows users to practice trading and gauge their skill level without risking any real funds. We can confidently recommend the exchange to beginner cryptocurrency traders since the platform is also easily navigable.
How to Open a CEX Account*
When engaging with cryptocurrencies, it’s crucial to recognise that these digital assets are characterised by their extreme volatility and speculative nature. This can result in swift and substantial price fluctuations. To safeguard your crypto holdings, it is imperative to utilise reputable wallets and exchanges, prioritising the security of your investments.
Also, exercise vigilance and due diligence to guard against crypto-related scams and fraudulent schemes that can potentially threaten your financial well-being. You can also spread your investments across multiple digital tokens and avoid making decisions based on emotions.
It’s easy to register for an investment account at the CEX.IO exchange. We explain the procedures below to ensure you are fully prepared to kickstart your cryptocurrency investment activities.
Before you start signing up for an account, ensure you confirm whether the exchange is suitable for your needs. Also, consider installing its app on your mobile device to easily manage your activities on the go.
- The first thing you need to do is visit the CEX.IO website using the links we’ve shared on this page.
- Click the “Register” button in the upper right corner of the home page to start the registration process.
- On the next page, you’ll be asked to provide your full name, email address, password, and country of residence. Ensure you provide accurate information, as CEX.IO may need to verify your identity later.
- CEX.IO requires all users to set up two-factor authentication (2FA) to add an extra layer of security to their accounts. You can set this up by downloading an app like Google Authenticator or Authy.
- Link a credit or debit card for making deposits and withdrawals.
- CEX.IO will send a verification email to the address you provided. Follow the instructions in the email to verify your account.
- Once your account is set up and verified, you can add funds using various supported payment methods, including bank transfers, credit cards, and cryptocurrency.
- At this point, you are free to access the featured cryptocurrencies to complete your purchase. You can also trade the assets if you do not want to take full ownership. Simply ensure you invest with amounts you can afford to lose.
*Don’t invest in crypto assets unless you’re prepared to lose all the money you invest.
Editor’s Note
It’s almost a decade since CEX.IO came into existence, and so far, the exchange has grown exponentially to become one of the most popular in the UK market. Many crypto traders and investors praise it for being user-friendly, reliable and trustworthy. Based on our experience with the exchange, we couldn’t agree more with this opinion, thus recommending it to any new trader.
We also believe CEX.IO is best for newbies due to the availability of learning and research resources. You see, the exchange only features basic research tools, including candlestick charts, indicators, and TradingView integration. Therefore, if you are a professional crypto trader, we advise you to consider other options with more advanced resources.
Overall, CEX.IO is a well-established and reputable exchange suitable for both new and experienced cryptocurrency traders. However, as with any exchange, it is crucial to thoroughly research the platform, its fees, and security measures to ensure it suits your needs before making a decision to trade on the platform.
FAQs
Yes. CEX.IO is a legitimate cryptocurrency exchange that has been in operation since 2013. It is regulated in the United Kingdom and has a good reputation in the cryptocurrency community.
Yes. CEX.IO is a cryptocurrency exchange that allows users to buy, sell, and trade a variety of cryptocurrencies. These include Bitcoin and other popular altcoins, including Ethereum, Litecoin, Ripple, Binance Coin, etc.
CEX.IO charges a withdrawal fee that varies depending on the cryptocurrency being withdrawn and the withdrawal method used. Therefore, we advise you to consult the exchange’s fee schedule for an accurate estimate of the withdrawal fee.
Yes. CEX.IO accepts bank transfers as a method of funding an account and making withdrawals. However, withdrawals attract a fee, and processing time may take longer than other featured payment methods like PayPal and Skrill.
CEX.IO is owned by Oleksandr Lutskevych, who is the company’s founder and current CEO. The exchange is backed up by over 300 global professionals who ensure you get quality crypto trading services for maximum experience.
To withdraw money from CEX.IO to your wallet, you need to go to the “Withdraw” section of your account and select the cryptocurrency you want to withdraw. Then, you will need to enter your wallet address and the amount you wish to withdraw. The withdrawal process may take some time to complete, depending on the network congestion and the withdrawal fee.
Happy to use it for one year. Fast verification and there is an instant deposit with a small commission as well as the same fast withdrawal. All in all, I highly recommend checking it out.
Cex.io is one of the greatest exchanges. I highly recommend her to use, it is easy, and has many options. I'm looking forward to the innovations!
Great company. It is very convenient to work in it and receive good dividends. No extra processes. The teams are mature and independent people. The manual provides open and accessible information and tools necessary for work. But there are some areas where it could be better, as its hefty deposit and withdrawal fees are particularly disappointing.
Great stable company. CEX.IO puts safety first and has never lost any of its customers' crypto funds.
It is very comfortable to work and enjoy what you do.
It is a good application, even a beginner will figure it out. There is fast verification, an instant deposit with a small commission, and quick withdrawal. Convenient exchange of currencies and cryptos. All in all, I highly recommend checking it out.
Top exchange. You can withdraw money to your cards, while other exchanges have big problems with this. Can advise to everyone
Very good experience of using the app, everything is simple and intuitive, without stress and difficulties. They added an exchange, and you can find most of the cryptocurrencies here. I can recommend it for beginners and for those who are already staying on topic!
I recommend everyone try to use the CEX exchange. They are very friendly and have an easy to navigate platform. Excellent customer service.
I like this app. It is easy to use and has good features. It shows the prices of fees ahead so you know what to expect. I recommend this app because you can add funds with a card and you don't have to wait days to be able to withdraw.
Good broker, really user friendly. Very fast registration. Best crypto platform ever. This platform is not only available from your desktop, you can also access it via your mobile browser. There is a quick withdrawal of funds. Quick and customer support.
CEX.IO is a really good exchange and cryptocurrency wallet even newcomers to crypto use it. Very easy and user-friendly platform. Great services. I really adore them.
Would you recommend this provider?
Fees
Account opening
Customer service
Deposit and withdrawal
Would you recommend this provider?
Fees
Account opening
Customer service
Deposit and withdrawal