What is CEX.IO?

The cryptocurrency exchange CEX.IO began in 2013 as a cloud mining provider. As it began its journey towards becoming a crypto exchange, the USD market was the first to be added in 2014, followed shortly after by the EUR market.

Now, CEX.IO is a cross-platform cryptocurrency exchange that can be accessed from the web, mobile app, WebSocket and REST API. This London-based exchange offers buying, selling and trading services for cryptocurrencies, operating as a fiat-to-crypto exchange.

CEX.IO offers a variety of payment options, including credit card, bank account, and paying directly with cryptocurrency.

One of the things that make CEX.IO stand out is that you can buy Bitcoin (available on Coinbase) (BTC) with a VISA card or Mastercard, using the US Dollar, Euro, British Pound, or the Russian Ruble. There are three set options, such as USD $200, USD $500, or USD $1,000, or you can choose your own amount (minimum USD $20, maximum USD $10,000). The price of BTC resets every 120 seconds.

Souce: CEX.IOCEX.IO Trading Pairs

At the moment, the only fiat currencies supported on CEX.IO are the USD, EUR, and RUB. However, numerous trading pairs are offered among those fiats with multiple cryptocurrencies.

The cryptocurrencies supported on CEX.IO are Bitcoin (available on Coinbase) (BTC), Ethereum (available on Coinbase) (ETH), Ripple (available on Binance) (XRP), Bitcoin (available on Coinbase) Cash (BCH), Stellar (XLM), Dash (DASH), Zcash (ZEC), and Bitcoin (available on Coinbase) Gold (BTG).

The complete list of CEX.IO trading pairs is:

BTC/USD
ETH/USD
BTC/EUR
XRP/USD
BCH/USD
ETH/BTC
ETH/EUR
XLM/USD
XRP/BTC
BCH/BTC
DASH/USD
ZEC/USD
XRP/EUR
BTG/USD
BTC/RUB
XLM/EUR
XLM/BTC
ZEC/BTC
ZEC/EUR
BCH/EUR
BTG/BTC
DASH/BTC
BTG/EUR
DASH/EUR

CEX.IO Fee Schedule

Transaction fees are based on the user’s 30-day trade volume for all trading pairs they use. Transaction fees are broken down into maker and taker fees, the maker fees ranging between 0% and 0.16% and the taker fees ranging between 0.10% and 0.25% (the higher the trading volume, the lower the fee).

Deposit and withdrawal fees depend on the currency and the individual payment mETHod. Check out the chart below for the breakdown:

Source: CEX.IOLike deposit and withdrawal fees, margin trading fees are dependent, this time on the token and the trading pair. The chart below breaks the margin trading fee system down.

Source: CEX.IOCEX.IO Security

Security is a high priority for CEX.IO. Some of its safety features include:

two-factor authentication
encrypted data
cold storage for cryptocurrency funds
AML and KYC processes for registration

CEX.IO Pros and Cons

As with any crypto exchange, there are pros and cons to CEX.IO’s set up. It’s important to take everything into consideration when choosing the best cryptocurrency exchange for you, also keeping in mind what you want to get out of an exchange.

Pros

Buying Bitcoin (available on Coinbase) direct with credit card
Supports both fiat and multiple cryptos
Exchange rates are usually between 0.5% and 2%
High trading volume
Good security

Cons

Limited number of fiat currencies supported
Fees are high in comparison to some other exchanges
No advanced order types

CEX.IO Takeaway

CEX.IO is an established cryptocurrency exchange based out of London that offers buying, selling, and trading services for cryptocurrencies. It’s a highly secure exchange and offers good trading volume.

Features such as being able to purchase Bitcoin (available on Coinbase) with a credit card are what sets CEX.IO apart from many other crypto exchanges out there.

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