Make sure you don’t confuse public and private keys because they look similar. The cold wallet can also be represented as a hardware device that often looks like a USB flashcard. Generally, each hardware wallet disposes of a mobile application.

Withdrawal Limits

The fees are reduced based on the 30-day trade volume for all pairs. Traders with a monthly trade volume greater than 6000BTC who provide liquidity to the order book (e.g., using conditional orders) will incur zero fees. Traders familiar with crypto charting websites such as TradingView can draw lines, patterns, and indicators to the price charts. To place an order, users can switch to the default trading page and use the ‘Order Box,’ as shown below. If you don’t need access to your coins, you could stake them through CEX.IO.

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Unlike traditional brokerage firms, cryptocurrency exchanges are not members of the Securities Investor Protection Corporation (SIPC). Therefore, unless user terms specify otherwise, investors with cryptocurrency assets commingled on a custodial cryptocurrency exchange could potentially lose their funds as unsecured creditors. Hedge With Crypto aims to publish information that is factual, accurate, and up-to-date. The information about a specific cryptocurrency exchange or trading platform in reviews and guides may differ from the actual provider’s website. CEX.IO prides itself on stability, providing trouble-free service backed by reliable system and user account security, safe storage of funds, financial viability, and profound legal compliance. It is a reputable and safe cryptocurrency exchange with no hacked accounts or theft of funds since its launch in 2013.

CEX.IO Trading Platform

• In this review, we will explain in detail how their fees and platform work.
• When done, you will immediately be logged into the trading platform and get a verification email.
• The range of available cryptocurrencies provides ample options for trading, and I appreciate the platform’s commitment to security.
• This tier is also unable to use SWIFT or ACH bank wire transfers.
• We strongly recommend that you use two-factor authentication (2FA) when logging in at the exchange.

If you are after more advanced features, though, make sure to check out Binance or Bybit. These exchanges provide a huge variety of features for both beginners and seasoned crypto enthusiasts. The history of the digital currency world is full of examples of exchanges being hacked[1], and we cannot be sure that the future will be different. This is why you should never store large amounts of cryptocurrencies on an exchange! Instead, you should consider using a secure wallet (preferably a hardware wallet), such as Ledger Nano X, for example. That said, when trying to answer the question “Is CEX.IO safe?”, never forget that it is still a cryptocurrency exchange, and no such platform is invincible.

How Suitable is CEX.io for Beginners?

You can only explore CEX.IO a bit, but even that will not be the most pleasant experience, as a window asking you to verify your identity or log out will keep popping up. There’s one more feature I must mention in this CEX.io Review – its crypto debit card, which was launched in May 2024. The CEX.IO crypto debit card makes it easier than ever to spend your crypto like cash. Multiple CEX.IO users have complained about problems with completing identity verification.

• While not the lowest in the industry, CEX.IO’s trading fees are reasonable and still put them ahead of other exchanges such as Coinbase and Gemini.
• Over 100 data points are considered, from minimum deposits and trading fees to the platforms and apps available.
• However, do note that the list of fiat currencies that are supported by CEX.IO is not the longest; as of writing, it supports United States dollars (USD), Euros (EUR), and Pound Sterlings (GBP).
• One of the primary reasons its popularity is that its website provides users with a very easy to use interface, making it ideal for beginners.
• We do not include the universe of companies or financial offers that may be available to you.
• CEX is an established crypto exchange, founded in 2013 by Oleksandr Lutskevych.
• You can read more about cold wallets, and why they offer the most security, in “What is a cryptocurrency wallet?

If you have, their system will automatically match your order with another in their order book. It offers customer support through email as well as an extensive FAQ section. Fees for bank transfers in USD / EUR are a flat rate of $/€ 10. As can be expected, the exchange provides a Support system which allows anyone to submit requests and the team can be contacted by email or phone, as well as across their various social media channels. The website is generally well designed, and the trading interface is easy to use, with the entire platform aiming to be user-friendly. Due to CEX starting out in 2013 as a location for people to purchase Bitcoin easily, the exchange still makes it easy to buy Bitcoin and maintains an instant buy feature.

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CEX.IO provides detailed insight into its fee structure, deposit and withdrawal commissions, and account limits. Traders can make use of the exchange’s spot and margin trading platforms and the CEX.IO mobile app, which allows for on-the-go trading. CEX.IO’s trading platform appears to be a good choice for beginners who want to manage their orders according to market conditions.

• That being said, you can access the exchange interface and explore the features available without having to invest any money.
• To place an order, users can switch to the default trading page and use the ‘Order Box,’ as shown below.
• CEX charges 3.5% plus $0.25 / £0.20 fees for credit card deposits to user’s accounts.
• Above we have listed different payment methods to deposit funds into your account.
• CEX.IO offers market and limit orders to allow users to decide how to execute a buy or sell order.

Moreover, CEX.IO’s proactive approach to regular updates and customer satisfaction enhances its overall reliability. For anyone entering the world of crypto trading, CEX.IO proves to be a trustworthy and user-centric option. Users can quickly and easily transfer funds to CEX.IO using several deposit methods, such as credit or debit cards, international transfers, Skrill, and local bank transfers, as well as cryptocurrencies. The funds are safely stored in a CEX.IO wallet, which can be used to buy, trade, sell, or withdraw to a hardware wallet. CEX.IO is one of the oldest and safest cryptocurrency exchanges on the crypto market.

Enhanced Verification Tier

There you will find all different payment methods for different currencies, payment fees, monthly buying limits and more. We also talk about the company’s background, user experience, security and protection, verification process, supported countries, different account types and everything you need to know to get started. CEX.IO is one of the oldest and safest crypto exchanges on the market. Above we have listed different payment methods to deposit funds into your account. Deposits can be done with credit or debit cards, SWIFT, ACH, Faster Payments, Skrill, SEPA transfer, and, of course, cryptocurrencies. As you can see in the price table, funds available, deposit fees and buying limits vary depending on the payment method you choose.