CEX IO review: The best crypto exchange for UK investors?

Keep in mind that if the value of your crypto drops while your loan is open, you may go into default and lose your coins. Due to its international reach, CEX.IO is registered with and regulated by a number of financial regulatory bodies. We use dedicated people and clever technology to safeguard our platform. Labeled Verified, they’re about genuine experiences.Learn more about other kinds of reviews.

The firm has offices in the UK, US, Cyprus, Ukraine, and Gibraltar. With over 3 million registered users, secure client accounts and two-factor authorisation, CEX.IO is one of safest exchanges out there. CEX.IO offers ideal payment solutions for deposits and withdrawals.

I've used quite a few exchange…

Many reports of crypto exchanges are getting hacked in the history of digital currencies, and there is no reason to believe the future will be any different. That is why you should https://www.tokenexus.com/ethereum-price-history/ never keep your cryptocurrency on the exchange, especially for buy and hold strategy. Instead, it would be best if you considered using a safe wallet like MyEtherWallet or Exodus.

They also maintain limits on how much you can purchase using Instant Buys and they have limits on all of their various payment methods. If you’re looking for a simple and convenient way to buy crypto using a credit card, you can use CEX.IO’s Instant Buy tool. This feature lets you purchase any of the platform’s supported cryptocurrencies in British Pounds (GBP), Euros (EUR), US Dollars (USD), and Rubles (RUB). In this CEX.IO review, I’ll take a closer look at what the company offers. CEX.IO is a cryptocurrency exchange platform launched in London in 2013 which boasts over 4 million users around the world. But here, we will provide information on USD and EUR payment options.

CEX.IO review: The best crypto exchange for UK investors?

You can also buy directly using a credit card for 3.9%, and the transaction will then be processed instantly. The platform is simple yet sophisticated, and one aspect we particularly liked was the ability to engage in cross-platform trading. Through their supported payment methods, they allow users from Australia and all over the world to buy and sell cryptocurrencies with ease. Lastly, CEX.io can certainly be an excellent choice for any Aussie who wants a premium, hassle-free, and comprehensive crypto experience. Register now on the platform, get yourself verified and start exploring. The trading platform is essentially a multi-functional one and offers a highly advanced algorithm for order matching.

To make withdrawals, traders must click on their CEX.io wallet and then press the ‘Withdraw’ option. Once the trader has specified the amount he/she is looking to withdraw and the card that needs to be credited, they will have to confirm the sam with 2FA. Buying cryptocurrencies at CEX.io is similar to shopping at any online store. You are required to decide the currency you wish to purchase as well as select the preferred trading pair. Firstly, you must ensure that you have some fiat money or cryptocurrency such as USD, GBP, etc. in your trading account. You could do the same by transferring cryptocurrency to your digital wallet or through topping up your account by bank transfer or credit card.

CEX.io Review –

It helps exchanges, crypto wallets, high volume traders, hedge fund managers, and others to execute their buy and sell orders based on the best market prices. CEX Direct is the company’s software-as-a-service (SaaS) solution that helps clients offer cryptocurrency to users without much stress. CEX.io will handle all the steps involved, including, user verification, payment processing, and delivery of coins to users.

• We made this website to help other Brits buy cryptocurrency safely.
• CEX.IO is a well-known exchange that started operation in 2013 with Bitcoin mining.
• The ‘Businesses’ tier gives users access to CEX.IO PRIME, which provides services only to institutional investors.
• On the other hands the fees for “aggressively” buying or selling at the best possible price (the taker fee) start from 0.20% and go down with higher monthly volumes volume.
• Once the payment has been processed by the Finance team, it would require some time for the funds to reach the trader’s bank account.
• On the other hand, advanced traders, get every buying option that they would want from a highly advanced platform.

A CEX.IO user will need to trade about $20 million worth of currency per month to get down to 0.1% fees (taker). Maker fees drop to less than 0.1% CEX.io Review if trading more than $500,000 worth of crypto each month. CEX.IO is a regulated cryptocurrency exchange that commenced operations in 2013.

However, it can get quite expensive, such as a fixed dollar amount plus a percent of the total. Be careful which options you choose, as the fees can add up on credit cards for example. If you are looking for the most simple option for buying crypto, you can choose how much crypto you want to buy on the home page. You’ll be given a price in your chosen fiat currency, and then you can pay with various payment options. You can trade a cryptocurrency versus a fiat currency or another cryptocurrency.

In order to be sure that CEX.IO is not a scam, read our trader reviews and check other popular trading related websites and forums. Before you start signing up for an account, ensure you confirm whether the exchange is suitable for your needs. Also, consider installing its app on your mobile device to easily manage your activities on the go.

As the user of a verified account, you can utilize more methods of payment as well as also enjoy higher deposit & withdrawal limits. It is equally important for users to have verified accounts in case they plan to make withdrawals in fiat currencies. Thus, with verified, corporate, or verified plus accounts, users can deposit & withdraw using bank transfers as well as the cryptocurrencies traded on the platform.

Withdrawal fees can add up to 3% total depending on how the funds are withdrawn. With the brokerage service, total costs will add to 10.9%, which is exceptionally high, even for novice investors. It has transformed to be an all-in-one service that is set to be the best in the industry. The exchange also brings the feasibility of crypto wallets so that users can keep all their assets safe. With the CEX.io wallet, you can also buy, sell, and earn cryptocurrencies right away.

The pairs available in the EUR Markets are BTG/EUR, BTC/EUR, ETH/EUR, DASH/EUR, BCH/EUR, ZEC/EUR, and few more. Some cryptocurrencies that are paired with USD and EUR also form trading pairs with GBP. For RUB markets, only the BTC/RUB pair is available for trading. However, the broker is regulated by the GFSC which does not provide as strong protection to traders as 1st tier regulatory bodies (Like the British Financial Conduct Authority).