CEX.IO Review
CEX.IO is without doubt one of the leading Bitcoin and cryptocurrency trading platforms. Established in 2013, the exchange has now achieved a reliable status from both the seasoned and novices Bitcoin traders all across the world. It has further been reported widely by the international media for its ability to evolve according to the users’ growing demands — whether it is related to adding more instruments, or payment options.
Great Payment Features
Liquidity is the first thing that comes to mind when one looks for Bitcoin trading platforms. The overall poor security record of many Bitcoin wallet and trading services has prompted users to choose wisely, and it now very well shows in the services of these exchanges as well: just like in the case of CEX.IO.
As our team did its tests on the platform, we noticed how it has emphasized strongly on its liquidity over the years. It is impressive and worthy to discuss, for it justifies CEX.IO’s overall concern towards users’ satisfaction — the foundation of a reliable Bitcoin exchange service.
CEX.IO undoubtedly impresses huge when it comes to offer liquidity to traders. The exchange offers the easiest method to deposit and withdraw funds: via VISA/MasterCard-powered credit cards. As we tested this feature, we found how depositing funds into our CEX account was an extremely flawless and quick task.
Users only need to add and verify their credit cards once to their CEX.IO account, and they are given with a one-click payment and withdrawal feature to ensure a smooth flow of fiat money.
What’s particularly impressive, however, is CEX’s instant withdrawal feature. We were able to withdraw our USD funds instantly to our credit cards. This one particular feature is found to be missing in many other Bitcoin exchanges, and we are satisfied to our core after finding it on CEX.IO.
The exchange allows instant withdrawals also in Ruble and Euro. We however think it should also add Sterling Pound withdrawals following Britain’s much popular exit from the European Union.
Cross Platform Trading
Online traders don’t want to miss out on profitable trades just because their laptops were running low on battery. A good exchange always believes in bringing alternatives to such situations: to make sure that traders could stay alert with the market movements, and make profitable entries while on the run. Even James Bond would love such alternatives.
CEX.IO therefore offers cross-platform trading, a feature that allows traders to handle their accounts via multiple platforms. These platforms include a well designed website, an easy-to-use and portable mobile application, and various APIs for both new and professional traders.
The aforementioned platforms, as we tested, ran without a glitch, executed trades on time and interacted well within the CEX.IO framework.
Security
With instant depositing, withdrawals and trading taking place in a platform that hosts around half million users around the globe, the security becomes the next concerning factor for the traders. CEX.IO apparently understands this, and therefore offers plenty of features to secure their funds from external influence. The first and the foremost is Two Factor Authentication (or 2FA), a feature which adds an additional layer of security to users’ login attempts, as well as deposits and withdrawals requests. The One-Time-Passwords created via this feature ensure that users’ login codes remain impenetrable and dynamic in nature.
CEX.IO further ensures to protect its platform from Distributed Denial of Service attacks (or DDOS). The Bitcoin trading platform has installed adequate tools to repel such malicious attempts, thereby limiting hackers from obstructing users’ trading experience. Furthermore, the users’ credit card data is always encrypted, compliant with PCI DSS standards.
Other Services
- Limit and Market Orders available
- Real Time Data Tools available
- Worldwide coverage (including 24 USA states)
- Low Commissions (only 0-0.2% on all trades)
- Low Spread
- Highly Liquid
- Popular Payment Options available (including VISA, MasterCard, Wire, Bitcoin, etc.)
Is CEX.IO Legal?
Yes indeed! CEX.IO is registered in UK and has a MONEY SERVICES BUSINESS status in FinCEN (USA). The company enjoys a fruitful partnership with banks around the globe to ensure smooth payment and deposit experience for users. Also, CEX’s legal compliance also protects users from security risks.
Customer Support
A strong customer support is the backbone of every business, and CEX.IO doesn’t shy away from providing it. The exchange has a 24/7 customer grievance cell to answer all their queries, and fix all their issues within a timely and professional manner. The staff there is quite knowledgable, and a good listener.
Conclusion
Overall, CEX.IO gives us no reason to turn our eyes away from it. It is a very professional Bitcoin trading platform, and is already offering services to over half millions users cross the globe — with a stable track record in terms of security.
Recommended with hearts and brains!