Table of contents

CEX.io

Summary

CEX is a great platform if you are new to buying bitcoin and other cryptocurrencies. With their long history and experience they have created a solid product that makes it easy purchase and sell crypto in a few clicks.

Privacy

To buy any type of cryptocurrencies on CEX you will need to verify your identity. This should be seen as a benefit to you as a user that is using the exchange. CEX is a regulated exchange and has to comply with AML5 and KYC regulations. Therefore all of CEX customers have to answer a few AML5 questions as well as verifying their identity. This is all preventing creation and use of fraudulent accounts on the exchange.

CEX has made a video explaining how easy it is to verify.



Payment methods

CEX offers a wide variety of ways to pay for your crypto currencies:

  • Credit card (VISA and Mastercard)
  • SWIFT bank transfer
  • ACH bank transfer
  • Faster payments
  • SEPA bank transfers
  • Skrill

FIAT currencies support

You will have the possibility to deposit US Dollar, Euro, Great British Pounds and Russian Rubles on CEX.

Deposit screen for USD

Deposit and withdrawal fees

Payment method Deposit fee Withdrawal fee
VISA 2.99% Service charge: up to 3% + $1.20
Commission: up to $3.80
Mastercard 2.99% Service charge: up to 1.8% + $1.20
Commission: up to $3.80
SWIFT Free 0.3% + $25
ACH Free Free
Faster Payments Free Free
SEPA Free Free
QIWI 1.00% 3.00%
Skrill 3.00% 1.00%

Credit card restrictions

For credit cards deposits it is worth mentioning that a number of countries are restricted from using this option.

Credit card restricted countries: Angola, Antarctica, Bhutan, Botswana, Bouvet Island, Burkina Faso, Cape Verde, Chad, Christmas Island, Colombia, Cocos Island, Comoros, Republic of the Congo, Cook Islands, Côte d’Ivoire, Djibouti, Egypt, Eritrea, Equatorial Guinea, Falkland Islands, Fiji, French Guiana, French Southern Territories, Guatemala, Guinea, Guinea-Bissau, Haiti, Heard and McDonald Island, Indonesia, Liberia, Mali, Mayotte, Montserrat, Myanmar, Nauru, Nigeria, Niue, Norfolk Island, Northern Mariana Islands, Palestine, Pitcairn, Puerto Rico, Rwanda, Samoa, Sao Tome and Principe, Saint Pierre and Miquelon, Saint Helena, Sierra Leone, Solomon Islands, South Georgia and the South Sandwich Islands, Swaziland, East Timor, Tokelau, Tonga, Tunisia, Tuvalu, United Nations Interim Administration Mission in Kosovo (UNMIK), Western Sahara, Wallis and Futuna

Limits

CEX has 4 limit tiers for private users, they call them Intro, Identity, Address, Enhanced. The names are basically what information you as a customer need to provide to reach that level.
Once you have signed up for an account you will have an Intro account. With an Intro account you will be able to deposit no more than $500, and withdraw $100 on a daily basis. However if you want to increase those limits you will have to verify your identity.
See the levels and the limits in the table below.

Tier Daily deposit limit Daily withdrawal limit
Intro $500 $100
Identity $3,000 $10,000
Address $10,000 $50,000
Enhanced Unlimited Unlimited




Security

CEX has never been hacked. As crypto exchanges in general are very often exposed to hackers, the fact that CEX has never had an hacking incident makes them very trustworthy. That being said, you should never put all of your faith into any crypto exchange. The most secure thing is to put all of your crypto coins onto a hardware wallet.
The exchange has been around since 2014, where CEX first introduced buying bitcoins with credit or debit cards. But the people behind CEX were already active in the crypto scene in 2013, where they created Ghash.io, which was the first and only mining pool in the history of bitcoin to be able to create a 51% attack on the bitcoin blockchain.
CEX are also among the founders of CryptoUK, which is an association of crypto companies, whose goals are to build relationships with government authorities to improve the foundations for crypto businesses.

Coins available

CEX has more than 20 cryptocurrencies available on their platform and they continuously add new coins.

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Tether (USDT)
  • Bitcoin Cash (BCH)
  • Bitcoin Gold (BTG)
  • Litecoin (LTC)
  • Tezos (XTZ)
  • Stellar (XLM)
  • Tron (TRX)
  • Cardano (ADA)
  • Cosmos (ATOM)
  • Chainlink (LINK)
  • Neo (NEO)
  • USD Coin (USDC)
  • Dash (DASH)
  • Basic Attention Token (BAT)
  • BitTorrent (BTT)
  • MetaHash (MHC)
  • Ontology (ONT)
  • Ontology Gas (ONG)
  • Matic (MATIC)

Android and iOS apps

If you also want to check the prices while on the go, you should download the CEX app. It is available for both Android and iOS.

Staking

CEX.io staking

Staking is becoming a must have for exchanges and CEX of course also offers this to their users. Currently you can earn staking rewards on:

  • Cosmos (ATOM)
  • MetaHash (MHC)
  • Neo (NEO)
  • Ontology (ONT)
  • Tezos (XTZ)
  • Tron (TRX)

Learn more about staking rewards here.

Customer support

The customer support at CEX is very good with a fast response time and they have been able to solve all of my issues quite quickly.