Comprehensive CEX.io Review: Is It Safe and How to Use It

Looking to start buying and selling Bitcoin, Ethereum, Dash, or Stellar but unsure which exchange to choose? This CEX.io review will help you decide.

Here’s what we’ll cover:

• What is CEX.io?
• A brief history of CEX.io.
• Pros and cons of the platform.
• Supported cryptocurrencies.

By the end, you’ll know whether CEX.io fits your needs, including its security, fees, and features.

Key Differences Between Centralized and Decentralized Exchanges

CEX.io acts as an intermediary between buyers and sellers, while DEXs rely on smart contracts for peer-to-peer trading. However, CEXs currently offer better liquidity and lower fees than most DEXs.

Pros

• User-friendly interface
• Multiple trading pairs
• Strong customer support

What Is CEX.io?

CEX.io is a cryptocurrency exchange platform supporting various deposit methods and digital assets. It’s registered with FinCEN in the U.S. and holds PCI DSS Level 2 certification, ensuring secure payment processing.

👉 Start trading on CEX.io

⚠️ Important: Never store large amounts of crypto on exchanges. Use secure wallets like MyEtherWallet or Exodus.

CEX.io History

Founded in 2013 in London, CEX.io initially operated as a cloud mining provider via GHash.io. After discontinuing mining services in 2015, it pivoted to a crypto exchange.

Did You Know?
Compare crypto exchanges side by side:
👉 Binance vs. CEX.io

Pros and Cons

| Pros | Cons |
|------|------|
| ✅ Easy-to-use interface | ❌ Limited altcoin selection |
| ✅ Multiple fiat options (USD, EUR, GBP, RUB) | ❌ Higher fees for some payment methods |
| ✅ Margin trading available | ❌ Not immune to hacks (like all exchanges) |

Supported Cryptocurrencies

CEX.io supports:

• Bitcoin (BTC)
• Ethereum (ETH)
• Dash (DASH)
• Stellar (XLM)

Payment Methods

Deposit options include:

• Visa/Mastercard
• Bank transfers (SWIFT, SEPA, ACH)
• Skrill, QIWI

Account Verification

1. Basic Account: Limited to card deposits.
2. Verified Account: Submit ID + proof of address for higher limits.
3. Verified Plus/Corporate: For advanced users.

Steps to Verify:

1. Submit ID (passport, driver’s license).
2. Upload a selfie holding your ID.
3. Provide proof of address (utility bill, bank statement).

Who Should Use CEX.io?

• Beginners: Simple interface, strong support.
• Advanced Traders: Margin trading, high withdrawal limits.

Conclusion

CEX.io is a legitimate, user-friendly exchange ideal for both new and experienced traders. For alternatives, consider Coinbase, Binance, or Kraken.

Still unsure? Drop your questions below!

FAQ

Q: Is CEX.io safe?
A: Yes, with FinCEN registration and PCI DSS certification—but always withdraw crypto to private wallets.

Q: What are CEX.io’s fees?
A: Varies by payment method (e.g., 3.5% for credit cards).

Q: Can I trade altcoins on CEX.io?
A: Yes, but the selection is smaller than competitors like Binance.

🔗 Explore more: CEX.io vs. Top Exchanges

Academic references available upon request.