The other licenses CEX.io Review Money Services Businesses in the US, Distributed Ledger Technology license from GFSC, Money Transmitter Licenses in 27 US states, and many more. With over 3 million registered users, secure client accounts and two-factor authorisation, CEX.IO is one of safest exchanges out there. One of the unique aspects of CEX.IO is its multi-functional approach to cryptocurrency trading. The platform not only provides a traditional spot trading experience but also offers margin trading and a crypto debit card service. On the other hand, advanced traders, get every buying option that they would want from a highly advanced platform.
- As one of the most tenured market participants, with over six million registered users globally, CEX.IOhelps retail, enterprise, and institutional customers seize opportunities every day.
- As the name suggests, the corporate account type makes it possible for users to trade with their corporate accounts.
- Throughout the history of CEX.io, noone has experienced account funds theft or hacking.
- The CEX.IO trading platform is excellent for beginners and advanced traders alike.
- The platform also offers Crypto Saving accounts with attractive interest rates.
- The photo should be of high resolution, in color and the file size should be within 15MB.
71% of retail investor accounts lose money when trading CFDs with this provider. 77% of retail investor accounts lose money when trading CFDs with this provider. It cover more countries compared to other reputable exchanges.
It is regulated in the United Kingdom and has a good reputation in the cryptocurrency community. CEX.IO requires all users to set up two-factor authentication to add an extra layer of security to their accounts. You can set this up by downloading an app like Google Authenticator or Authy. Platinum Crypto Academy provides training to all individuals who wish to take advantage of the phenomenal opportunities that this digital currency revolution presents.
Based in London, the firm is now looking to integrate security token offerings into its exchange. Security token offerings (‘STOs’) are a new asset class that can be immensely profitable. However, considerable uncertainty and regulatory scrutiny are surrounding their adoption right now. There also remains an evident lack of established price patterns, which means the margin for error is more significant due to lack of data. Dominic has a background in finance and is passionate about cryptocurrency, blockchain technology and NFTs.
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Not only that, but the https://www.tokenexus.com/ also allows you to make a list of your own to help you trade better. Asktraders is a free website that is supported by our advertising partners. As such we may earn a commision when you make a purchase after following a link from our website.
Exchanges & Brokers
And since they store a large number of different altcoins, they are a prime target for hackers. They have been in the crypto scene since the early era of bitcoin mining . Also their processing times for withdrawing funds is short making it convenient for emergency funding. One of the plus points of CEX.IO is its rewards program that pays the user in various currencies like Cardano, Solana, and Polkadot. The platform also offers Crypto Saving accounts with attractive interest rates.
- For direct crypto purchasing, CEX.io supports tons of cryptocurrencies.
- The trading platform can be utilized to reduce fees to as low as 0.16% depending on the volume of trades you make.
- Moreover, it uses SSL encryption technology to secure all sensitive users’ information, such as personal details and financial transactions.
- You don’t need to do this (in the majority of other places I’ve reviewed) to access this payment method.
- Make sure to keep the minimum deposit amount in mind when making a deposit through any available method.
- This implies that they’re very unlikely to carry out any scam on crypto traders.
The company has been operating since 2013 and recently opened its services in the USA with a Money Transmitter Licence. They are a simple, secure, and highly regarded outfit for the buying and selling of digita currency products. Yes, CEX.io is a safe and secure cryptocurrency exchange that has not reported any security breaches since their launch in 2013. We expect them to keep providing the same level of security and protection in the future. This fee applies to all cryptocurrencies and the available pairs that you might want to trade.
Crypto Exchange Fees Calculator
There is also a demo version for inexperienced traders to hone their skills before taking on the market with real capital. You can read more about cryptocurrency in our beginner’s guide, our list of the best cryptocurrency exchange platforms in the UK, and our step-by-step guide on how to buy bitcoin. CEX.IO is a cryptocurrency exchange platform launched in London in 2013 which boasts over 4 million users around the world. For verifying their card, users are required to take a selfie with their debit or credit card. The phone should have a clear image of the relevant card as well as the user’s face.
Is CEX.IO better than Binance?
Binance vs CEX.io cryptocurrency exchange overall score comparison reveals that Binance has a higher overall score of 9.8, while CEX.io gathered an overall score of 8.0. If we look at the ease of use, it's clear that in this Binance vs CEX.io comparison, Binance has better & smoother user experience than CEX.io.