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The exchange supports multiple payment methods, including credit cards, debit cards, bank transfers, Skrill and more. In this CEX.IO review, we examine the five most important aspects so you can make an informed decision. CEX.IO fees to deposit and withdraw funds to the exchange varies from $0 and 3.99% depending on the selected payment method such as debit/credit card, Skrill, bank transfer, or SEPA. In comparison to other fiat-to-crypto exchanges we have reviewed such as CoinCorner, EXMO and Bitpanda, the deposit and withdrawal fees on CEX.IO are fairly reasonable.
Cex’s fees are on the high side, but you pay a premium for the convenience. Buying BTC with your credit card is NOT CHEAP, but trades are manageable. CEX.IO Direct lets you embed cryptocurrency access, user verification, procurement, and delivery to your website or mobile app, according to its website. While a 0.25% fee applies to a maximum 30-day trade volume of $10,000 or less, you’ll only have to pay 0.01% if your trading volume exceeds $5 billion.
Crypto saving and staking feature:
To further reduce risk I use one registered locally so it’s subject to local laws and regulations. Prior to signing up, it’s worth checking that your preferred payment method is supported. Kraken Pro, which is free, has a broad range of advanced trading features. It prides itself on offering CEX.io Review low spreads and providing deep liquidity across markets so you don’t need to worry as much about slippage. Its interface is also fully customisable, so you can include as many data-displaying tabs and panels as you’d like. Revolut is steadily becoming a one-stop shop for all things crypto.
CEX.IO currently has different tiers with differing levels of verification, capabilities, and limits (more on this in the next section). For a full explanation, see the website’s sections on verification. https://www.tokenexus.com/ Register with the exchange by choosing either your email, Facebook, or Google account. All of these factors lead me to believe that CEX.IO is a safe and reputable exchange….they’re just a bit slow.
Become part of a global community of people who have found their path to the crypto world with CEX.IO
Also MasterCard withdrawals for users from India are disabled. If there is a sudden spike in the exchange rate, preventing the execution of the order on the agreed conditions, you will be notified. After you confirm the trade, your order is matched to other orders on the exchange, and your balance is adjusted. Sometimes the amount can be even greater than agreed on, but is never smaller.
CEX.IO also uses strict access controls, including 24/7 surveillance, alarm systems, and secured vaults to keep users’ assets as secure as possible. Withdrawal fees can reach up to 3% plus commissions of up to $25, depending on your currency and payment method (credit cards are the most expensive option). Margin trading is only recommended to experienced traders, when trading CFDs you aren’t buying actual coins, you’re just speculating on a coin’s price.
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The website is generally well designed, and the trading interface is easy to use, with the entire platform aiming to be user-friendly. The entire process doesn’t take much time, however, the final approval make take days to finalise. The team outline the process here, and are on hand to deal with any issues. The Address verification tier allows for unlimited total deposits via bank wire transfers although they are limited to 200,000 USD/EUR/GBP daily and 500,000 USD/EUR/GBP monthly deposits. And when you’re in this racket, there’s no way to avoid being compared to the top dog. Coinbase is the unchallenged leader in the sphere, so it’s only right to compare this European rival to its stateside equivalent.
- While compensation arrangements may affect the order, position or placement of product information, it doesn’t influence our assessment of those products.
- If users want to withdraw fiat funds or increase their daily deposit and withdrawal limits, they must verify their identity.
- If you’ve already deposited money onto CEX.IO you can buy using this balance.
- If you hold a stakeable digital asset in your CEX.IO wallet, you can earn daily interest.
- This exchange accepts several different payment methods, but it has a complicated fee structure for deposits and withdrawals.
- Just for comparison, while fees on a brokerage trade can reach up to 7%, fees on the trading platform reach 0.25% at max.
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