In early 2015, the decision was made by CEX.IO to stop providing cloud mining services. This was based on the low Bitcoin price at the time, as well as the fact that the company didn’t own any mining hardware. On the other hand, several crypto exchanges offer quite a bit more. If you're a fan of smaller cryptocurrencies, you might need an exchange that gives you more investment options. U.S. customers can buy and sell over 40 cryptocurrencies on CEX.IO (other countries have access to a much larger lineup of over 100 cryptocurrencies).

How long do CEX.IO payments take?

In Canada, the exchange is also registered as a Money Services Business (MSB) with FINTRAC. Once you have reviewed the order, click the ‘Buy Now' button to confirm the purchase. The balance will show in your CEX.IO wallet once the blockchain confirms the transaction.

CEX.io Review: Conclusion

If you’re looking to save on trading and funding fees, you might consider Crypto.com or Binance.US, while those looking for phone support might take a look at Kraken. We are an independent, advertising-supported comparison service. Prevailing opinion according to most third-party analysis indicates that Coinbase ranks slightly better overall in terms of metrics such as overall score, ease of use, and security. However, CEX.IO may still be the better choice for investors seeking greater liquidity and more advanced features.

Lack of Advanced Trading Features

If you don’t need access to your coins, you could stake them through CEX.IO. With CEX.IO staking, you earn a return for using your coins to support the blockchain networks behind the cryptocurrencies. CEX.io Review You can earn up to 30% a year of cryptocurrencies you stake through CEX.IO. The CEX.IO platform provides charting, trading indicators, automated trading and other advanced trading instruments.

• Margin trading is also on offer for the savviest of traders, although this service has moved from the CEX.io trading platform to a dedicated margin trading service called CEX.io Broker.
• The exchange has improved its platform for many years and this becomes obvious when comparing CEX.IO with other crypto exchanges.
• Our experts did not uncover any reports of hacking, and the brand adopts security features including PCI DSS compliance, and cold wallet crypto storage solutions.
• All nine tiers thereafter charge 0% maker fees and progressively lower taker fees.
• You can place an order on their trading platform in the same way as on other exchanges.
• Though, the journey to have that took me days and seemed quite over the top.

Traders familiar with crypto charting websites such as TradingView can draw lines, patterns, and indicators to the price charts. To place an order, users can switch to the default trading page and use the ‘Order Box,' as shown below. One risk of crypto-backed loans becomes apparent in times of heightened volatility.

Perhaps the simplest way to get involved with crypto is using the ‘Instant Buy’ service. With just a few clicks we were able to purchase popular coins using a range of fiat payment methods, such as credit/debit cards, PayPal, and Apple/Google Pay. CEX.IO offers a cryptocurrency trading platform as well as ‘Instant Buy’ services that act as a fiat on-ramp to buy digital assets with fiat currencies.

• Over the years, we’ve continued to refine and further streamline our services to crystalize peak performance.
• Importantly, we consider CEX.IO a relatively trustworthy actor in the crypto world, which is a considerable advantage given the number of scams and failed businesses in this area.
• CEX.IO is an excellent platform for the crypto curious who want to wade into the world of Blockchain.
• While the number of tokens is lower than alternatives like Coinbase, there are enough opportunities for most aspiring crypto traders.
• An inactivity maintenance charge will also be applied to accounts with a balance of less than $5 and no activity in 12 months.
• CEX.IO has an affiliate program that lets you earn kickbacks every time someone signs up with your unique link and starts trading.
• Newbies can get around in the app, place orders and use other services.

CEX.IO is suitable for both beginners and more experienced users. After all, it's super simple to use and has really helpful support, as well as provides you with all the buying options, learning material, and other great features. However, it does lack some more advanced or innovative features true crypto enthusiasts might be searching for. So, trading fee-wise, CEX.IO fees for market makers start at 0.15% and end at 0%, while market taker fees start at 0.25% and go all the way down to 0.01%.

Countries with Restrictions

The team are quite open with their security protocols and legal setup and more information can be found here, and here. For clients based in the United States, their USD funds are covered by FDIC insurance, up to a maximum of $250,000 per person. Read on for our complete review of the exchange, we have compiled everything you https://www.tokenexus.com/ need to know if you are thinking of using them. Overall, CEX fees are following industry standard and is not charging extra like many other CEX alternatives. Once you have created an account, the very first thing you need to do is get verified. So without further delay, let’s get started with our detailed review of CEX.