Cex.io Review – Best Bitcoin CEX Exchange 2017

CEX.IO was one of the main Bitcoin trading platforms to show up. It was established in London in 2013 as a BTC trade and cloud mining supplier. Its mining pool known as Ghash.io was so enormous it held 42 percent of the aggregate system mining power sooner or later.

Ghash.io has shut its operations in 2015 and CEX.IO keeps on working exclusively as a Bitcoin trade. Clients from all around the globe can exchange on the platform, as the organization gives benefits in 99 percent of the nations and 25 states in the USA.

Confirmation

Confirmation process on CEX.IO is extremely basic, and the trade offers a definite Verification manual for getting the clients acquainted with the procedure.

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There’s dependably somebody from the help to answer the inquiries posted beneath the guide, which is an extraordinary contrasting option to opening tickets.

Prerequisites for Identity confirmation are following the business principles:

  1. Individual data (name, sexual orientation, date of birth, place of birth, address and a telephone number)
  2. Officially sanctioned archive (ID card, international ID, driver’s permit)
  3. Verification of residency (service charge with the client’s name and address or a bank proclamation)
  4. Selfie with an ID archive

The check procedure doesn’t take long, and it can take up to 24 hours.

With regards to trading, there are four distinctive record sorts on CEX.IO with as far as possible:

  1. Essential – $500 every day and $2000 every month
  2. Confirmed – $10,000 every day and $100,000 every month
  3. Checked Plus – no restrictions
  4. Corporate – no restrictions

What makes the CEX.IO not quite the same as the opposition is the capacity to store reserves with the installment cards.

Like the personality confirmation, the trade has a Payment card check control with nitty gritty directions and a how-to video.

At the point when the card is confirmed, clients can store or pull back the cash in every single upheld currency.

You can see the restrictions for stores and withdrawals here.

The trade has installment confinement arrangements for the accompanying nations:

Afghanistan, Democratic Republic of the Congo, Côte d’Ivoire, Eritrea, Ethiopia, Guinea-Bissau, Haiti, Iran, Iraq, Kenya, Liberia, Libya, Guinea, São Tomé and Príncipe, Somalia, Sudan, Syria, Tanzania, Tunisia, Turkey, Vietnam, Yemen, Zimbabwe, Nigeria.

Clients from every single other nation can utilize the trade with no impediments.

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The trade bolsters the accompanying fiat monetary forms:

  1. United States Dollar (USD)
  2. Euro (EUR)
  3. Russian Ruble (RUB)
  4. Great Britain Pound (GBP)
  5. Bolstered advanced monetary forms include:
  6. Bitcoin (BTC)
  7. Ethereum (ETH)
  8. Litecoin (LTC)
  9. *Cloud-based hashing power (GHS)

*CEX.IO offers hashing power for BTC, which is most likely identified with the previous Ghash.io mining.

Expenses on CEX.IO

Let’s start TRADING

The expense show on CEX.IO is one of the priciest in the market with a 7 percent charge for the immediate trading with the trade.

Their charge plan for the shared trading depends on the producer taker display following the month to month trading volume in BTC. The creator charge is dependably 0 percent, while the taker expense is brought down as the month to month volume develops:

  1. For the volume underneath 5BTC, 0.20 percent
  2. For the volume underneath 30BTC, 0.19 percent
  3. For the volume underneath 50BTC, 0.18 percent
  4. For the volume underneath 100BTC, 0.17 percent
  5. For the volume underneath 200BTC, 0.16 percent
  6. For the volume underneath 1000BTC, 0.15 percent
  7. For the volume underneath 3000BTC, 0.13 percent
  8. For the volume underneath 6000BTC, 0.11 percent
  9. For the volume over 6000BTC, 0.10 percent

Store and withdrawal charges fluctuate in the vicinity of 1.2 and 5 percent of the sum exchanged. You can see the entire expense plan here.

With regards to edge trading expenses, they are settled at 0.2 percent open charge, 0.01 percent rollover expense and 0 percent close expense for all monetary standards.

Trading on CEX.IO

CEX.IO has a decent trading interface and offers the accompanying requests:

  1. Market order
  2. Limit order
  3. Stop order

The trading on the trade includes around 400,000 brokers for each month. Vast trading volume gives clients a lot of chance to purchase, offer and exchange, contrasted with the trades with littler volume. The CEX.IO API is awesome, and it gives clients control over their records by utilizing custom programming outfitted to address their issues. The trade doesn’t bolster trading with derivates and prospects, however it offers edge trading in various trading sets.

Right now offered sets are:

  1. BTC/USD
  2. BTC/EUR
  3. ETH/BTC
  4. ETH/USD

The edge trading is conceivable with 1:2 and 1:3 use.

Convenience

The site looks great, and all pertinent data is constantly only a single tick away. Trading interface is anything but difficult to utilize, and for the most part the whole platform is extremely easy to understand. The page stack speed is amazing also.

The trade likewise has versatile applications for both Android and iOS, which are accessible for download here.

Client Support on CEX.IO

This organization can be pleased with their help group. They answer rapidly, with point by point data and you can discover them wherever – on the platform and outside it.

The help group even tended to the dissensions on the audit sites, for example, TrustPilot, demonstrating that the organization thinks about the customers and, obviously, its notoriety.

A little drawback arrives in a type of the canned reactions, yet notwithstanding when this is the situation, the reaction is point by point and gives all the data required by the client.

Client Experience

The greater part of protestations online is identified with the concealed charges and high trade rates. CEX.IO truly battles with the online audits and has to some degree awful notoriety just because of the issue with the charges. Everything else has exactly the intended effect, yet clients rush to judge, which could cost the organization over the long haul.

Security

The security is great on the trade. Two-factor verification and a security question are utilized for account insurance.

The larger part of coins is put away in the driving rain wallet. The trade likewise offers SMS and email cautions. PGP encryption isn’t utilized as a part of messages.

The most recent hacking occurrence occurred in 2013 when the trade was youthful, and it finished with lost $7,000 for one of the clients. The defenselessness was promptly fixed, and from that point forward there were no issues.

CEX.io Review Conclusion

CEX.IO is a tolerable trade, and it would be far and away superior on the off chance that it simply brought down expenses a smidgen.

Pros

  1. High trading volume
  2. Incredible help
  3. Built up organization

Confirmation process is somewhat requesting

The trade certainly merits better online audits.

Built up in 2013 as the main cloud mining supplier, CEX.IO has formed into a Bitcoin trade. CEX.IO offers two fundamental administrations: simple purchase/offer of Bitcoins through streamlined interface and Bitcoin trading for experts. The organization works comprehensively, giving administrations in 99% of nations, and 25 conditions of USA. You can purchase and offer both Bitcoin and Ethereum with CEX.IO for numerous fiat monetary forms: USD, EUR, GBP and RUB

Stores are accessible through charge and Visas (both physical and virtual), wire exchange, SEPA and Skrill. Card installments have turned out to be speedier and less demanding with the improvement of the platform and you can likewise immediately pull back your assets to an installment card.

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CEX.IO gives cross-platform trading by means of site, portable application, WebSocket and REST API. FIX API is a possibility for institutional brokers. Propelled arrange coordinating calculations are upheld by extraordinary exchange motor. They ensure quick request execution and access to their request book for top currency combines on Bitcoin advertise. The trade charges 0.2% expense on all exchange operations. Uncommon conditions for high-volume merchants are debatable. Right now, the platform permits as far as possible and market requests. CEX.IO offers edge trading with 1:2 and 1:3 use trading for a few sets

All through the historical backdrop of the organization, none of the clients at any point experienced record reserves robbery, which is supported by framework and client account security, safe icy cryptocurrency stockpiling, monetary reasonability and significant lawful consistence. CEX.IO is an enrolled Money Services Business in FinCEN (USA) and has gotten a PCI DSS endorsement that enables the organization to store, process and transmit cardholder’s information.

CEX.IO an Affiliate Program which permits to get 30% of the charge from all trade operations of alluded clients.

Exchange Volume 30d, BTC Taker Maker

  1. ≤ 5 0.20% 0%
  2. ≤ 30 0.19% 0%
  3. ≤ 50 0.18% 0%
  4. ≤ 100 0.17% 0%
  5. ≤ 200 0.16% 0%
  6. ≤ 1000 0.15% 0%
  7. ≤ 3000 0.13% 0%
  8. ≤ 6000 0.11% 0%
  9. > 6000 0.10% 0%

Deposit:

  1. Charge card, Debit Card, Wire Transfer, Skrill, SEPA
  2. USD: 3.5% + 0.25 USD for Visa, MasterCard
  3. EUR: 3.5% + 0.24 EUR for Visa, MasterCard
  4. RUB: 5.25% + 15.57 RUB for Visa, MasterCard
  5. GBP: 3.5% + 0.20 GBP for Visa, MasterCard

Withdrawal:

  1. Wire Transfer, SEPA, Visa, MasterCard
  2. USD: 3.80 USD for Visa. 1.2% + 3.80 USD for MasterCard
  3. EUR: 3.50 EUR for Visa. 1.2% + 3.80 EUR for MasterCard
  4. RUB: 2.5% + 30.00 RUB for Visa, MasterCard
  5. GBP: 2.90 GBP for Visa. 1.2% + 2.90 GBP for MasterCard

CEX.IO is a cryptocurrency trade which additionally acknowledges genuine (fiat) cash exchanges. This makes them an immediate contender to organizations like Bitstamp and Coinbase.

CEX.IO has not been the objective of a noteworthy hack yet. That being the situation, there are various client reports of accepting misdirecting messages, endeavoring to assemble thir individual subtle elements, in the wake of enrolling on the site. This accompanies a generally modest number of dealers, who were gotten by the plan.

This is one of only a handful few crypto-trades which offers negative adjust insurance, for edge positions. The element will prove to be useful to the forceful merchants, in spite of the fact that we don’t suggest receiving such a style.

There a generally high number of negative client surveys about CEX.IO. The grievances are for the most part connected to the moderate KYC methodology. Besides there are some harsher cases, yet they are somewhat few.