CEX.IO Review

Donny Gamble
March 13, 2022
4.0
Personalincome rating

CEX.IO isn’t the top dog of crypto exchanges, but it has plenty to offer that absolutely supersedes exchanges like Coinmama. There’s plenty of crypto coins to choose from, the ability to use crypto collateral loans for fiat currency, and other small features that will benefit various users.

CEX.IO Logo
on CEX.IO's website
CEX.IO
FEES
3.5%
per trade
Minimum DEPOSIT
$0
PROMOTION

No current promos

Some of the links in this post are from our partners who compensate us. This may influence some of the products and services we write about and choose to review. However, this does not influence our research process and our opinions are our own. Here is how we make money.

The information provided on this page does not offer any personal financial advice or advocate the purchase or sale of any security or investment for any specific individual.

Key Takeaways

  • Security: CEX.IO is a secure, trusted, and regulated exchange that you can confidently trade cryptocurrency through.
  • Major Support: You get access to over 100 crypto coins, and some of the best customer service you can imagine
  • Designed for Experienced Traders: It’s okay for beginners, but experienced crypto traders will get more out of this service than others.

Pros & Cons

Pros
  • Access to tons of crypto coins
  • Crypto Staking
  • Crypto Collateralized Loans (Fiat Money)
Cons
  • Low Comparative Liquidity
  • Not Good for Beginners

CEX.IO is one of the oldest crypto exchanges out there, but old doesn’t necessarily mean gold. As a long-standing entity in the crypto community, they’ve been matched up against giants like Coinbase and FTX, so how do they stack up against the competition?

Should you buy crypto from them? That’s what we investigated, and this is what we found out about CEX.IO, and what it could mean for your future of buying cryptocurrency.

Keep in mind that CEX.IO has some features that may not apply to everyone, but they just complete a larger scope of crypto services that you could one day extend into.

About CEX.IO

CEX.IO is very obviously a for-profit business, as all crypto marketplaces are, but their mission is to “provide a gateway into the world of an open financial system” according to their website.

They boast the 99% accessibility rating across the glove, and the fact that they’ve lost absolutely $0.00 in customer funding despite being in operation for nine years. Their security speaks for itself.

Whether you use their direct, broker, or simple marketplace service, CEX.IO has your back.

Product Offerings

  • Crypto Coin Exchange: Choose from over 100 coins and trade them normally like you would on any other exchange.
  • Staking: You can stake your own coins to actually create an income stream of other cryptocurrency without buying it.
  • Spot Trading: Advanced traders can take advantage of this complex but profitable trading system.
  • Margin Trading: Tread lightly, but CEX.IO does offer margin trading to help you get a leg up on your investments.
  • Automated Trading: API tools that help you trade automatically and leave everything to a robo-trader so you can profit all on your own.

CEX.IO Fees

CEX.IO has a moderate maker fee of up to 0.15%, although it may be waived entirely depending on your trading volume. Additionally, their taker fee (which is historically higher than maker fees no matter who you go with) is only up to 0.25%.

Fees will vary depending on your location and which service you use. For example, we were not able to access broker.cex.io (their brokerage program) at all, but when we accessed their standard exchange, we met the same fees we discussed a moment ago.

One of the best things about CEX.IO is that they’re able to be completely transparent, make money at the same time, and not up-charge you on the fees that they take.

The fee structure is nice and makes up for some restriction to other aspects of their services.

Who is CEX.IO Best for?

CEX.IO will definitely work best for experienced traders that understand the ins and outs of cryptocurrency, and have traded on online platforms for at least a total of six months in the past.

While the UI isn’t horribly difficult to navigate, it is overwhelming at first if you don’t know where to look. CEX.IO offers some complex financial products as well, so it’s best to have financial and investment experience before utilizing all of their services.

CEX.IO FAQ's

Is CEX.IO safe and legit?

CEX.IO is a legitimate company and exchange that has helped shape the way that we interact with cryptocurrency on exchanges.

While they weren’t the first ones to do it, CEX.IO has created innovative crypto products that have helped other companies design more attractive UIs and created better campaigns to help individuals become cryptocurrency owners.

Should you use CEX.IO to buy crypto?

CEX.IO has a transparent fee structure and excellent UI that anyone can use. You should consider buying crypto through CEX.IO, and not only for their simple card option that allows you to own cryptocurrency in minutes.

They’ve introduced their crypto debit card as well, which has some promising features. CEX.IO appears to be on the forefront of innovation within the cryptocurrency space, so you can absolutely expect the best out of them. 

Is CEX.IO good for beginners?

Yes, CEX.IO is good for beginners because it offers an intuitive UI system that anyone can master in a short amount of time, and they offer a ton of coin options.

In fact, it might be too many for a beginner and they might get overwhelmed, but thankfully it’s easy to avoid being overwhelmed with the way the site and app are designed.

Overall, CEX.IO has a good fee structure and plenty of easy methods to fund your account, making it accessible for anyone even if you're just getting started in cryptocurrency.

How does CEX.IO make money?

CEX.IO makes money with crypto-backed loans and the interest gained from them, as well as margin trading and commissions for buying cryptocurrency. 

The fees accrued for buying crypto is generally the largest revenue stream for any of these companies, although it is believed that CEX.IO’s debit card program is expected to roll out an excellent additional revenue source.

Does CEX.IO sell any of my personal information?

CEX.IO wants your personal information solely for the purpose of providing services to you. However, as mentioned in reviews for other cryptocurrency marketplaces, they do not exclusively state “We do not sell you information” like some other crypto marketplaces do.

CEX.IO has more personal information requirements than other marketplaces, so you should inspect and read through their privacy policy page before signing up with them.

While many marketplaces solely use your information to provide services to you, you should know the fine print and how it could affect you.

Compare to Other Exchanges

Coinbase logo
TRADING FEES
1.49%
MINIMUM DEPOSIT
$0
PROMOTION
Offers $5 free bitcoin to new users
Binance logo
TRADING FEES
1%
MINIMUM DEPOSIT
$0
PROMOTION
$100 bonus on qualifying deposit
FTX logo
TRADING FEES
0%-0.4%
MINIMUM DEPOSIT
$0
PROMOTION
5% off trading fees

CEX.IO

CEX.IO is a cryptocurrency exchange and former Bitcoin cloud mining provider. As an online digital currency exchanger, CEX.IO offers trading cryptocurrency for fiat money, such as USD, EUR, GBP and RUB.

  • CEX.IO
  • Rating: 4
  • Reviewed by:
  • On March 13, 2022
  • Last modified:March 13, 2022

Review Summary:

CEX.IO is a cryptocurrency exchange and former Bitcoin cloud mining provider. As an online digital currency exchanger, CEX.IO offers trading cryptocurrency for fiat money, such as USD, EUR, GBP and RUB.

Review of: CEX.IO

Reviewed by:
Rating:
4
On March 13, 2022
Last modified:March 13, 2022

Summary:

CEX.IO is a cryptocurrency exchange and former Bitcoin cloud mining provider. As an online digital currency exchanger, CEX.IO offers trading cryptocurrency for fiat money, such as USD, EUR, GBP and RUB.

About the author 

Donny Gamble

I’m Donny. I’m a world traveler, investor, entrepreneur, and online marketing aficionado who has a big appetite to compete and disrupt big markets. I thrive on being able to create things that impact change, difficult challenges, and being able to add value in negative situations.

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