The platform has been existed since 2013 (since 2015 as crypto-exchange). Where is CEX.IO located? It is registered in London, Great Britain. About 2.7 million people work with the CEX.IO exchange, and this quantity grows up every day.
CEX.IO reviews the trade of 21 crypto-currencies and 4 Fiats, among which the dollar, euro, pound, and ruble. By selecting the MARKET DATA tab, you can see all possible cryptocurrency pairs. It is also convenient to choose the way of exchanging on CEX.
Is CEX.IO safe?
Ensuring reliability, safety and stability is the main goal of the platform. Over the years of operation, there hasn’t been a single case of CEX.IO fraud, although the platform has experienced several DDoS-attacks. To maintain security, all resources are stored in the cold storage. The service provides two-factor authentication via a mobile application, SMS or even a phone call. You can select the desired method in your account settings; you can also disable it there, but this is not recommended.
So is CEX.IO safe? In addition to what is said above, the site also uses the SSL encryption system for all users’ personal information. Also, the principles of KYC and AML are observed.
CEX IO verification is also available on the site. It is necessary if you want to withdraw any amount of money. Otherwise, you need to upload an ID card, passport or driver’s license to the site. Also specify the country and date of issuance of the document, its number, your name and surname, date and place of birth.
You can learn more about all CEX.IO limits by clicking on the Limits and Commissions link at the bottom of the page. Then choose the currency of the deposit or withdrawal. Now, by pointing to the transaction method, you can see its commission, maximum, minimum, daily and monthly limits, depending on the level of verification.
It is convenient that the site also has a tab with the size of the commission. CEX IO fees are at a low level and this is very nice. You can see the withdrawal and deposit commissions on the same page. The commission correlates with the chosen cryptocurrency or payment method.
Buying and selling are also very comfortable. You can immediately choose a price of 100, 200, 500 or 1000 dollars, or simply enter the desired sum below.
An undeniable advantage is the availability of a mobile application, as well as a referral program, by which you will receive 30% of the commission of your referrals. In short, the exchange provides all the amenities for comfortable work.
In the conclusion of this CEX IO review 2020 let’s highlight its main disadvantages and advantages.
Hopefully, this CEX IO review helped you understand what the exchange is and is it worth to work with. The exchange is convenient, understandable, and provides all the necessary tools for trading. It can be stated honesty that there is no CEX IO scam on the platform.
- High speed of trade;
- Availability of the most popular cryptocurrencies;
- Very convenient interface of the site;
- Availability of CEX IO API;
- Very low commission;
- A good referral program;
- High volume of trades and liquidity of the market;
- Mobile app;
- High security and reliability of service;
- Diversity of deposit and withdrawal of funds;
- Availability in many countries.
- A long-lasting verification process;
- You can’t take full advantage of the service without verification;
- A small number of crypto-currencies;
- Complaints from users on the support’s work;
- The service can request confirmation of income legality and freeze your accounts.