CEX.IO Crypto Exchange Review: Strengths, Drawbacks & Opportunities

Advantages:

• Fully licensed and compliant with regulatory standards (Fincen, PCI DSS).
• Informative, multilingual website with real-time updates.
• User-friendly and stable trading platform for beginners and advanced traders.
• Margin trading with leverage up to 1:2 and 1:3.
• Supports fiat transfers through bank cards and SEPA.

Drawbacks:

• Limited asset selection for margin trading.
• Verification process can be complex and time-consuming.
• Support tickets may face slow response times during periods of high demand.

About the Platform

CEX.IO, founded in the UK in 2013, began as a cloud mining service before transforming into a full-featured trading platform. Today, it offers seamless trading in Bitcoin, Ethereum, and other major digital assets—including fiat currency pairs. The platform’s regulatory licenses and security certifications add credibility, making it a favored choice for traders seeking transparency.

Registration & Verification

Registration is open to users from most countries, but strict KYC is required to unlock all features:

• Passport or national ID scan
• Selfie holding the ID
• Proof of residential address
• Bank card verification (including card number, expiry date, CVV, etc.)

Verification may take several days—especially during periods of high influx—reflecting industry-standard compliance with anti-money laundering regulations.

Trading Conditions

CEX.IO supports trading in:

• Bitcoin (BTC)
• Ethereum (ETH)
• Ripple (XRP)
• Stellar Lumens (XLM)
• Bitcoin Cash (BCH) and others

BTC can be traded against RUB, USD, EUR, and GBP, providing multi-currency flexibility for global users.

Margin Trading

CEX.IO offers leveraged trading at 1:2 or 1:3 for selected pairs:

• BTC/USD
• BTC/EUR
• ETH/BTC
• ETH/USD

Maker fee: 0%.
Taker fee: 0.2%.
During periods of high volatility, positions are auto-liquidated to prevent significant losses—a robust risk management protocol.

Trading Fees

Security Features

• Two-factor authentication (2FA) via Google Authenticator and SMS
• SSL certificates for secure data transmission
• Cold storage of crypto assets to prevent hacks and breaches

Conclusion

CEX.IO stands out as a robust, easy-to-use platform suitable for both newcomers and experienced traders. It combines a streamlined interface, margin trading options, and a range of fiat payment methods. However, users should be aware of stringent verification procedures and potential withdrawal delays, particularly during periods of high demand. On balance, CEX.IO is a strong contender among regulated exchanges for anyone seeking a transparent and reliable crypto trading experience.