The webs most detailed Cex.io review: Regulation, veteran status, trading, staking, lending, and cryptocurrency investment can only mean one thing, Cex.io. Check out what our expert has to say about this UK-based crypto exchange and find out if this is your next go-to trading platform.
In this section of our Cex.io review we highlight 6 special features that deserves extra attention.
Cex.io is a veteran cryptocurrency exchange that opened the doors for buying, selling, and trading crypto back in 2013. The main company behind the operation is CEX.IO Limited which is also regulated in Gibraltar. The exchange is based in the United Kingdom with a street address of 24th Floor One Canada Square, Canary Wharf, London, London E14 5AB.
Why use Cex.io
If you are new to crypto and are interested in investing with a trusted exchange I would definitely recommend trying Cex.io. You can trade cryptocurrencies actively but I don’t recommend it due to the outdated trade interface. Overall, if you don’t have a lot of experience in cryptocurrency investing and are not an online freak, Cex.io is a great place to start your investing career.
Trading on Cex.io
There are two options for trading on Cex.io. You can choose to stay on the exchange and use the very poor trade interface that is lacking a lot of tools and have ancient charting software. Or you can choose to visit the Cex.io broker and trade cryptocurrency CFD’s where you will be introduced to the standardized Tradingview charting software. This platform is way smoother than the standard version and you will have access to the latest technical tools from Tradingview.
On the broker version, you will have access to 100x leverage and you also unlock more powerful order selections that will suit active day traders better. Anyhow, I would not recommend day trading on Cex.io due to the difficulty on the exchange platform. I see Cex.io as more like an investment exchange for beginners.
Payment methods and limits
Cex.io has unlimited spending and withdrawals if you upgrade your account to a corporate account. This requires that you pass a more difficult verification process, however. The payment options on Cex.io are all the standard card payments, bank transfers, but also some more exotic providers like SWIFT, ACH, Qiwi, Skrill, Epay, and ADVCash.
Things we don’t like
The exchange trade interface is definitely not well developed on Cex.io and I would not recommend anyone to trade either the spot market or the margin market with this interface. It’s very buggy, and it’s very difficult to control the chart. There are not many tools to use and the order placement and selection are very outdated. To be honest it feels like I’ve traveled back in time to 1998 and is looking at one of the first trading software that came out.
I want to point out however that you can trade CFD contracts on the broker site and use a much stronger trade interface.
About the special features on Cex.io
Cex.io is not full of surprises when it comes to special features as it mostly promotes investing in cryptocurrencies with card payments, bank transfers, and other payment methods. However, there are some things worth mentioning when we are looking at his exchange.
First, I don’t think many people know this but there is a demo account where you can paper trade with fake money and try out the trade interface before you start with real money. Second, staking and lending are two features that have come to life lately and I highly recommend that you check them out. Third, there is an institutional trading side to Cex.io that is almost hidden, but if you are interested you can head over and have a look.
As mentioned before, Cex.io is famous for very simple and seamless cryptocurrency investments. The platform is a no-brainer when it comes to buying crypto with fiat money, it could not be easier than this. You can choose between preset amounts or choose your own amount to invest.
Mobile trading app
The mobile app is very nice, it features the buy and sell function as well as the option to exchange from crypto to crypto. If you want today trade through your mobile phone, this app has this option as well. It’s not very advanced so if you are a more experienced trader you might want to look elsewhere. If you are a beginner you’ve come to the right place.
How the KYC works
You can choose how you want to identify yourself on Cex.io. You can send in your KYC-documents to verify your identity, address or choose the enhanced verification and corporate verification to get access to higher spending and withdrawal limits on the exchange.
Cryptocurrency, Forex, Stocks, and Metals
Cex.io offers trading in many different products. If you want to access the forex, stocks, and metals market you have to click your way to the broker site. Here you will be able to trade these products in CFD contracts. There is a 0% deposit fee and 0% withdrawal fee when using the Cex.io broker.
Is Cex.io safe?
No customer funds have ever been lost on Cex.io since 2013 and this is a huge plus for this crypto exchange. In addition to this, you can add a 2FA verification protection with your mobile phone and google authenticator. This is a regulated and licensed exchange which is why this platform has earned an Excellent rating on Tradingbrowser.
Is Cex.io regulated?
Yes, Gibraltar Financial Services Commission (GFSC) is the active regulator with a reference number: FSC1345B
Frequently asked questions
Read the most frequently asked questions about Cex.io. Find answers without searching the web.
Cex.io is a trusted cryptocurrency exchange that has kept 100% of customers. funds safe since the inception of the exchange. Cex.io is also a regulated and licensed exchange which adds to its trustworthiness.
Yes, Cex.io is regulated in Gibraltar by the Gibraltar Financial Services Commission (GFSC) with a reference number: FSC1345B
Head over to the withdraw section by clicking the withdraw button in the top right corner of the exchange and follow the instructions for each payment method.
Yes, you can send and receive Bitcoins through the Cex.io exchange.
This cryptocurrency exchange is very user-friendly, especially for beginners who are looking to invest in cryptocurrencies. You can trade, short sell, and buy bitcoin.