If you are new to crypto, you might want to stay away from the margin trading and derivative products that the platform offers, as these financial instruments can be quite risky. We offer impartial reviews of online brokers that are hand-written, edited and fact-checked by our research team, which spends thousands of hours each year assessing trading platforms. While no crypto exchange is 100% safe, CEX.IO is relatively secure and has a good reputation.
Best exchange with user friendly interfaces
While it’s the most convenient way to buy Bitcoin, it’s also one of the most expensive. Withdrawing directly from CEX.IO to your bank account requires you to submit to the exchange’s CEX.io Review address verification process. When you have sent CEX.IO your proof of residence and it approves your application, you will then have access to that particular payment method.
CEX.io Review: What Does it Have to Offer?
While this is fairly common among crypto exchanges, the lack of phone support is a significant shortcoming. Customers have questions that don’t always fit neatly into a help center post or a live chat conversation. CEX.IO and many others in the crypto industry would be wise to add phone support to their customer service arsenal.
How long do CEX.IO payments take?
There can be hefty deposit and withdrawal fees, but you won’t need to pay those if you stick to bank account transfers. Safety is a must for any crypto exchange, and it’s one area where CEX.IO excels. This exchange was launched in 2013 and has never lost any of its customers’ cryptocurrency funds. It also uses industry leading security to keep its accounts and crypto safe, including data encryption and offline crypto storage. A safe place to trade cryptocurrencies and earn rewards through staking. The stripped-down platform available to U.S. customers may be disappointing to those who want more features.
- Credit card purchases should be processed instantly once the card is verified.
- CEX.IO is a solid Bitcoin exchange that has maintained a good reputation in its nearly eight years of operation.
- It also accepts various payment methods and provides useful features such as the CEX.IO Wallet, earning tools, CEX.IO University, and even a crypto debit card.
- However, they do state that user ID’s and credit card details are stored for at least five years after accounts are deleted.
- The vulnerability was patched soon afterwards, and the exchange has been free of any known security breaches since then.
One good thing about the platform is…
- However, CEX.IO excludes some countries from the offering for reasons like global financial blacklists along with regulatory prohibitions.
- It also uses industry leading security to keep its accounts and crypto safe, including data encryption and offline crypto storage.
- CEX.IO’s system will have you take a photo to confirm your identity.
- CEX.IO is one of the oldest Bitcoin exchanges(1) still operating.
- In today’s article, I’m sharing my experience & review of CEX.io.
- While customer support could be better, it’s obvious that CEX.io is trying very hard to improve.
- Now, the best part about all of the aforementioned features is that they are very simple to navigate.
Cex.io fees – some of the highest in the industry
- These high fees have caused many former Cex.io customers to avoid them in search of a more economical choice.
- It is not an offer to buy or sell any security, product, service or investment.
- When I put it to the test, I found it powerful yet intuitive and simple enough to use and make instant crypto purchases on the go.
- You can see the rest of the CEX.io fee schedule listed out here.
- To increase your limits, however, you’ll need to provide some personal details and documents.
- Also, they can be found everywhere – on the trading platform and outside it.
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