CEX.IO Review: Buy, Sell and Trade Cryptocurrency
by Helga Danova | Jul 28, 2016 | Crypto News
CEX.IO is a well-known player on the cryptocurrency market and is one of the oldest Bitcoin exchanges. This CEX.IO review covers the range of various crypto services offered by this multi-functional platform, payment methods, security and legal issues.
CEX.IO Review in a Nutshell
To give you an understanding of what CEX.IO is, let us explain the main services you can take advantage of. All in all, CEX.IO is a platform for buying, selling and trading cryptocurrencies, such as Bitcoin, Litecoin and Ether (BTC, LTC, ETH) for fiat money (USD, EUR, RUB). Developed to meet the needs of beginners and trading experts, CEX.IO outlines several solutions, namely, simplified bundle interface and cross-platform trading via website, mobile app, and APIs. CEX.IO can also be used to keep your Bitcoins or other cryptocoins safe, thanks to secure cryptocurrency storage.
Create an Account with CEX.IO
To start using CEX.IO, you should open a free account on the platform. It is very easy and won’t take much of your time. All you need to do is register using your email and setting up a password. After the account is created, we highly recommend enabling Two-Factor Authentication via phone or Google Authenticator app to keep your account and funds safe.
Buy/Sell BTC, LTC, ETH
In case you want to simply buy or sell cryptocurrency, then our special bundle interface is just for you, where you can choose the bundle that suits you most. Check out a short video below to see how it works:
Do not forget that you need to funds your CEX.IO account before using this option. If you are a more experienced cryptocurrency trader, navigate to the next chapter of this CEX.IO review.
Trade Bitcoins and Other Cryptocurrencies
More experienced traders are welcome to use the Trade Page on CEX.IO, where they can place limit and market orders, analyze price and market depth charts on each trade pair. Advanced trade engine of CEX.IO ensures smart order matching. Recently, CEX.IO has launched a special Maker-Taker Fee schedule, in terms of which maker fee is set to 0%, and taker fee is 0.2% per trade operation. CEX.IO offers custom trade conditions for high-volume traders. Traders can also take advantage of downloadable reports, real-time balance, and transaction history with transparent fees.
Deposit and Withdrawal Options
CEX.IO claims to provide the best experience of buying and selling cryptocurrency with payment card. In fact, you can link any debit or credit card by VISA or MasterCard in any currency to the account. This card can then be used to instantly deposit and withdraw funds to the account at very low fees, starting from $3.80 per operation. You can see the full fee schedule here. Alternatively, you can use bank transfer or SEPA as payment options.
CEX.IO Mobile App for iOS and Android
CEX.IO has developed an official mobile app for trade management on the go. The application allows to analyze real-time CEX.IO market data, deposit BTC and LTC instantly, manage BTC, LTC and ETH trades, track transaction history, place and cancel limit and market orders, monitor Bitcoin price changes on other exchanges, etc. The app is available for free download on iOS and Android mobile devices.
CEX.IO API Solutions
CEX.IO offers a few API solutions for its users. REST and WebSocket API are mostly used for quick access to CEX.IO market data and automated trade management. CEX.IO also supports the FIX protocol and offers FIX API to institutional and high-frequency traders.
Legal and Security
To finish this CEX.IO review, we can’t but mention reliability of the exchange. CEX.IO made sure to create a trustworthy platform that complies with high security standards. CEX.IO is officially registered in the UK, has a Money Services Business in the US, and possesses a PCI DSS certificate. All information provided by users is strongly encrypted, and none of them has ever faced account funds or data theft.
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