CEX.IO also provides a mobile application for iOS and Android devices, allowing users to trade on the go. The CEX.IO app is designed with the same user-friendly approach as the desktop platform, making it accessible and convenient for users on the move. Market “makers” i.e. traders who place pending orders and provide liquidity to the exchange do not pay any fees. On the other hands the fees for “aggressively” buying or selling at the best possible price (the taker fee) start from 0.20% and go down with higher monthly volumes volume. This is one of the few crypto-exchanges which offers negative balance protection, for margin positions.
Is CEX.IO private?
13.2. Only authorised personnel of CEX.IO have access to your Personal Information, and these personnel are required to treat the information as confidential.
For direct crypto purchasing, CEX.io supports tons of cryptocurrencies. You can buy pretty much every popular crypto asset along with less popular altcoins that hold potential. CEX.io registered and launched in the UK in 2013 and was one of the first cryptocurrency exchanges to offer users the option to trade bitcoin directly for fiat. In a nutshell, if you are searching for a secure and trusted bitcoin exchange then CEX.io is the right place to get started. It allows you to buy top cryptocurrencies, using your credit or debit card, and that too within a couple of minutes.
We expect them to keep providing the same level of security and protection in the future. For other crypto exchanges to use in Australia, https://www.tokenexus.com/what-is-dash-and-how-does-it-work/ you can see our article on the best crypto exchanges. There’s also a table below for you to make some quick comparisons.
When all’s said and done, you’ll pay between about 9.99% to make a purchase through CEX.IO’s Instant Buy platform. CEX.IO supports a wide range of payment methods for trading on its platform depending on your country of residence. CEX.IO offers crypto-backed loan services to investors in eligible countries so you can get quick access to up to €100,000 without the need to liquidate your cryptoassets. When you place funds in a CEX.IO savings account, you can earn interest in exchange for lending your coins to investors. CEX.IO offers both flexible savings (with no lock-in period) and locked savings with term lengths of 30 to 90 days. CEX.IO currently has a 4.6-star rating on Trustpilot (23,000+ reviews), which is a very high rating by crypto exchange standards.
CEX io Review for Australians 2023 Fees, Comparisons & More
Users can deposit either BTC or ETH and borrow up to 50% of the amount they placed as collateral. Such over-collateralization means the borrower cannot default on the loan and also gives them access to capital without selling off their holdings. Finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. While we are independent, the offers that appear on this site are from companies from which finder.com receives compensation. We may receive compensation from our partners for placement of their products or services.
For instance, if you have $10 and you opt for 10x margin trading, that $10 will work as $100, and you will be able to get more profit. But on the other hand, you will lose your equity at the same rate if the market goes sideways due to the leverage you have opted for. CEX.io has an instant crypto purchasing option available for all users registered on the exchange. Regardless of where you live, you can simply head to their instant buy section and get your hands on the cryptocurrency you want.
Which cryptocurrencies can you trade on CEX.IO?
Yes, we can confirm many safe withdrawals following successful trading sessions with CEX.io. It is backed by system and user account security, safe cold cryptocurrency storage, financial viability, and legal compliance. Throughout the history of CEX.io, noone has experienced account funds theft or hacking.
This is also one of the reasons why one should refrain from storing their cryptocurrency on any exchange. Beyond this, customers that sign up for this kind of membership enjoy certain benefits which others don’t get. CEX.IOwas founded in 2013 with a mission to support global financial inclusion through the adoption CEX.io Review of cryptocurrency and blockchain technology. With some of the best customer reviews of any centralised exchange, and super easy on and off ramping into and out of fiat, it was an obvious venue choice for pound token. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
CEX.io is a very reliable platform with very reasonable fees. From my own experience, I can highly recommend to anyone searching for platforms such as this. They are taking ages to respond and asks us to provide same set information again and again. If I am a new customer i can understand about initial checks. But if you are doing that to existing customer when withdrawal requests are raised that means something not right with the exchange.
- CEX.io stores all of the funds of their users in cold wallets or offline wallets to make it impossible for hackers to reach them.
- Margin traders do not need to complete any paperwork before trading fund can be made available to them as it occurs automatically at the same time with the position placement.
- New entrants to the cryptocurrency space often ask whether CEX.io is safe, and a legitimate trading platform to use.
- The website is registered with the US in the form of a Money Services Business.
- They are a registered member of the Financial Crimes Enforcement Network (FinCEN).