Although the main downside to CEX are the higher fees, it does remain a reliable exchange for purchasing and selling Bitcoin, Ethereum and other cryptocurrencies. While the verification process may be a turnoff for some, for anyone looking for an easy way to purchase cryptos using traditional banking methods then CEX.io is a viable option. Digital assets stored by the exchange are spread between hot and cold CEX.io Review wallets and there are hot and cold wallets with separate private keys for each digital currency. In addition, only a small percentage of all the digital assets kept in active circulation are stored in hot wallets which helps to secure funds against malicious actors. In addition, MasterCard withdrawals for users from India are disabled while ACH payments are only supported for residents of the United States.
How CEX.IO Compares to Other Cryptocurrency Companies
Hedge with Crypto does not provide financial advice nor does it take into account your personal financial situation. We encourage you to seek financial advice from an independent financial advisor where appropriate and make your own inquiries. If you are a more serious cryptocurrency investor, CEX.IO runs a cryptocurrency trading platform. It offers spot trading so you can immediately settle and receive your coins. You can create more advanced trades through this platform, like conditional or stop limit orders for cryptocurrencies.
CEX.IO Review: PROS
Fiat currencies supported are USD, EUR, GBP, and RUB, but deposits can be made with any currency. I would describe the CEX application as an excellent platform that provides users with the purchase of a large number of cryptocurrencies, easy to use and with a user-friendly interface. Accepts payment methods like credit and debit cards, cryptocurrency and bank transfer (SWIFT, SEPA). If you are looking for a quick, convenient and safe way to trade the most common cryptocurrencies, CEX.IO could be a good choice. It offers a user-friendly platform that makes buying and selling cryptocurrencies easy, including an instant buy feature for debit and credit cards.
Lack of Advanced Trading Features
Like most cryptocurrency exchanges, CEX.IO falls short when it comes to regulatory oversight. It doesn’t operate with the same level of scrutiny as traditional trading brokers. We use dedicated people and clever technology to safeguard our platform.
- He was born in California but currently lives as a digital nomad with a home base in Colombia.
- Besides, you can also buy crypto with fiat using the wallet, as well as instantly change one crypto for another inside it.
- The robust security measures instill confidence in the safety of my asset.
- CEX.IO supports over 30 cryptocurrencies, but some notable assets are missing.
- Using a self-custodial or hardware wallet is widely accepted as the best way to improve the security of your funds.
- Some users have complained that these additional fees amount to ‘hidden charges’.
- You see, the basic account on CEX.IO is the default account that you will create as soon as you sign up for CEX.IO.