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CEX.IO Review & Rating 2022

CEX.IO Review & Rating 2022

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If you want to start selling and buying cryptocurrencies like Bitcoin, Ether, XRP, then most likely you are now looking for a suitable crypto exchange for this. This CEX.IO review will help you make the right decision.

In our guide to the most popular crypto exchanger in the world, you will learn about the CEX.IO crypto exchange, what cryptos you can buy, their pros and cons and many more:

This CEX.IO review has collected the most recent information so that you can make an informed decision about whether this exchange is right for you or not. To do this, you will learn about its history, features, security, the choice of coins, accepted currencies, commissions and much more .

With so many topics, we have to hurry up to fit it all into one CEX.IO review. Let's first find out what the popular cryptocurrency exchange has to offer us.

CEX.IO Company details

CEX.IO was launched in 2013 in London and initially operated as a Bitcoin exchange and cloud mining service.

It was originally a cloud mining provider that owned the mining pool . Back in 2014, GHash was one of the largest mining pools in the world.

However, in early 2015, the CEX.IO team decided to stop providing cloud mining services. At that time, this was dictated by the low cost of Bitcoin , as well as the lack of the necessary equipment for mining ( in fact, they did not own it themselves). The mining pool has been liquidated. However, the CEX.IO project itself continued on its way, but already as a platform exclusively for the exchange of cryptocurrency.

According to the CEX.IO website, there are approximately 2.7 million customers globally. This is made possible by the many options that allow customers to access the platform. If not through the web, CEX.IO customers can access their account through the mobile application and through the API. This kind of freedom that allows you to use a device of your choice has not yet been offered by other companies and gives CEX.IO an edge over the competition.

CEX.IO pros and cons

Let me provide you with a list of the advantages and disadvantages of the CEX.IO crypto exchange.


  • Good support
  • Easy to use
  • Accept credit / debit cards
  • Easy to check
  • Well established


  • Higher Fees

CEX.IO Account Types

To get started, you need to open any account of your choice on CEX.IO by registering. Each new account has basic features, as you'll see below. With this account you can buy bitcoins and many other altcoins using your preferred payment method.

Although you can also trade with this account, you cannot place orders over $100. To access larger amounts you will need to provide more personal details for further identity verification.

  • Basic: buy and sell Bitcoins using your Visa or Mastercard;
  • Verified: extend your limits and enable more payment options to verify your identity;
  • Verified Plus: get priority support and extend limits for your account;
  • Corporate: use a corporate account for your company.

CEX.IO Account opening requirement

When opening an account for the first time, customers must provide a valid email address and country of residence. After verifying your email, the platform will ask you for further personal details, including your full name and date of birth. After clicking 'Next', CEX.IO will create an introductory account for you.

A basic account is a first introduction to CEX.IO. Basic account holders can make a deposit of up to $100 in fiat currency, as well as make withdrawals in fiat currency of up to $100 per day. However, when making cryptocurrency deposits, basic account holders can make unlimited deposits.

With a basic account, CEX.IO customers can access all the products offered by CEX.IO. For example, you can start learning how to navigate the platform through the demo trading function. The demo account is pre-funded with fictional money and mimics the real trading environment.

In the trader category you can place limit and market orders even with a basic account, as soon as you deposit the funds. CEX.IO accepts deposits via bank wire transfers, credit and debit cards. On the 'Trade' page, users can conduct technical analysis using real-time charts equipped with various technical analysis tools. Users can also view tradable currency pairs, view the order log and check the depth of the market.

How reliable is CEX.IO? 

If you wanted to know: Is the CEX.IO legit? or, is CEX.IO safe? The answer is yes and no . The site is certainly legitimate as it was registered in the United States as a Money Services Business. It is also licensed by the Financial Crime Combating Network (FinCEN). This means they are clearly not planning on ditching their customers all of a sudden! also provides users with DSS certificate level two protection. This means that the platform has proven a certain level of security for storing, processing and transmitting bank card data.

At the same time, cannot be called absolutely safe. After all, this is a cryptocurrency exchange. The fact that they hold a huge amount of different currencies makes them a desirable target for many hackers.

The history of digital currency is full of examples of exchange hacking, and there is nothing to suggest that things will be different in the future. This is why you should never store your cryptocurrency on an exchange! Instead, you should consider using a secure wallet like MyEtherWallet or Exodus.

Next, let's take a look at how the exchange has evolved into the trusted platform it is today.

CEX.IO Regulation

CEX.IO Ltd has been registered in the UK since 2013, well before it started providing trading services with cryptocurrencies. The company has since been under the watchful eye of the Financial Conduct Authority (FCA).

In 2017, the FinCEN of the US Treasury Department carried out an audit of CEX.IO and its report resulted in a certificate of good conduct. Furthermore CEX.IO is part of the CryptoUK Foundation, a trade association made up of crypto companies based in the United Kingdom, whose task is to promote high standards of conduct in the crypto asset sector.

CEX.IO has been officially present in the USA since 2020 then on July 4 it received the Money Transmitter Licenses (MTL). MTL allows CEX.IO to operate in 9 US states, thus bringing the number of US states in which CEX.IO can operate to 27.

Authorized and legal cryptocurrency exchanges are those that have licenses from authoritative regulatory bodies such as the FCA and FinCEN, From the above, we can conclude that CEX.IO is a legal platform that operates to the highest industry standards.

CEX.IO platform 

The CEX.IO platform offers cross-platform trading via the website, mobile application (available on Android and iOS), WebSocket and Rest API.

CEX is one of the most popular cryptocurrency exchanges currently in operation. One of the main reasons for its popularity is that its website offers users a very easy-to-use interface, which makes it ideal for beginners.

It also provides a tiered account system that is customizable and suitable for both beginners and institutional traders.


Every trade occurs between two parties: the maker, whose order exists on the order book prior to the trade, and the taker, who places the order that matches (or “takes”) the maker’s order. We call makers for “makers” as their orders make the liquidity in a market. Takers are the ones who “take” this liquidity by matching makers’ orders with their own.

At CEX.IO, you are charged 0.05% every time you open an order, and every time you close an order, regardless of whether you are a taker or a maker. There are also so-called rollover fees which are fees charged when you keep a position open (and "roll it over" to the next time period).

The rollover fee is 0.06% per 24 hour period and is currently charged every 4 hours. This means that if you open a position on Monday morning, and close it on Friday afternoon, you will need to pay 0.40% in fees (0.05% + 0.05% + 5 x 0.06%). Accordingly, trading at this platform is not recommended if you just want to do long-term investments, it is more focused on day trading or investments for shorter time periods.

The fee structure described above is very difficult to compare to the global industry average taker fees for regular centralized exchanges, as the instruments traded at the different exchanges are also different from each other. 

CEX.IO Broker Withdrawal fees

This exchange does not charge any withdrawal fees themselves. However, as always, there are network fees involved when making a transaction. This means that the only fee you need to be concerned with when withdrawing from this platform, is the network fees paid to the miner. This withdrawal fee, or rather lack of withdrawal fee, is below the industry average and competitive.

CEX.IO is generally well regarded for its customer support, which is not a traditional strength of cryptocurrency exchanges.

It offers email customer support and a comprehensive FAQ section.

While there are many complaints online about CEX's customer support, it would appear from a number of tests we have conducted that they are relatively responsive and take the time to respond to online reviews.

CEX.IO Products and offers

There are several different digital currencies on CEX.IO that you can buy. This list even includes those cryptocurrencies that are not in the list of competitors, for example, Binance. 

The list of cryptocurrencies introduced on the platform includes Bitcoin, Ether , Ripple, XLM, Bitcoin Cash, Dash, Zcash , Bitcoin Gold and many more.

PrimeXBT Review Conclusion

In the past, CEX.IO has had a mixed reputation within the cryptocurrency community, often being the target of bad publicity and negative CEX.IO reviews. Most of these negative comments stem from complaints about hidden fees charged to the service, difficulties some users have in verifying their identity, or customer support issues.

In recent times, however, their reputation has only increased with a lot more positive CEX.IO reviews online.

CEX.IO is a reliable exchange in our eyes, we have used them for years without problems and they are also well regulated - with the FCA in the UK and the FINCEN in the US which should put people who want to use them at ease.

Its user-friendly interface is ideal for beginners and allows for quick and easy entry into the world of cryptocurrencies. Its cross-platform application makes it easy to keep track of your account on the go.

CEX.IO has continued to innovate with the addition of new cryptocurrencies, a more advanced trading platform, and they are looking to add margin trading to the platform soon.

The account verification process can be a bit cumbersome, but this is true with all major exchanges these days as regulations and laws around the world have become stricter. This should also be seen as a positive, as you can be sure they are abiding by the laws as any leading stock exchange should.

Even though CEX.IO’s main disadvantage is its higher fees, it's still a reliable exchange for buying and selling Bitcoin, Ethereum, and other cryptocurrencies.

They are one of the few exchanges that offer credit/debit and fiat card withdrawal options, so if you are looking for this feature, you should definitely check out CEX.IO.

Products and Features


User Interface (UI)








Deposits and Withdrawals


Customer Support


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