CEX.io Cryptocurrency Exchange Review

Exchanges
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CEX.io History

CEX.IO is a British large multifunctional cryptocurrency exchange, which started its way as a simple exchanger and cloud mining provider.

The history of the exchange begins in 2013. Back then, the platform existed as three interconnected services: Bitcoin mining, cloud mining services, and a platform for trading mining capacity. The mining platforms operated under the umbrella of the largest pool GHash.IO

Ways to deposit and withdraw funds

CEX.IO cryptocurrency exchange offers 6 main payment and withdrawal methods: Visa and MasterCard, as well as S.W.I.F.T., ACH, Faster Payments, Sepa and Skrill.

For deposits and withdrawals it is more profitable to use S.W.I.F.T., ACH, Faster Payments, Sepa and Skrill than bank cards, because transactions from bank products are subject to a fee up to 3%

Payments by means of payment systems and bank transfers are available only at the second level of verification – address confirmation.

What is CEX.IO Broker

In 2019, CEX.IO Broker, a platform for margin trading in digital assets based on contracts for difference (CFDs), was launched in closed beta testing mode.

The platform is also known by its shortened beta name CEXBro. It is a combination of professional trading tools combined with a simple interface and security.

What is CEX DIRECT

CEX.IO ecosystem has another product – CEX DIRECT. This is a kind of widget that allows you to buy cryptocurrencies from the resource of a CEX.IO exchange referral partner.

Pros
  • possibility to deposit and withdraw funds via bank transfer and cards
  • good trading commission
  • margin trading in four directions
  • mobile app for iOS and Android
Cons
  • there may be delays of up to 20 days for withdrawal of funds
  • blocking users without verification
  • temporary disabling of certain withdrawal methods
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