Cex Crypto Exchange Review

Last Updated: 07/03/2019

CEX was founded in 2013 and is a fully licensed FinTech organization in the United Kingdom (UK). CEX remains privately owned, ever since its start. CEX is a well-established crypto exchange, well-known to traders. It is considered a safe, reliable and increasingly popular crypto exchange operator. CEX has done a great job to ensure that their crypto exchange is easily used by the complete beginners, looking to buy bitcoin with their credit card instantly, and the more experienced traders. One is a brokerage solution and the other is a standard trading platform.

Cryptocurrencies Available on CEX

CEX has a wide range of cryptos available for buying and selling on their cryptocurrency exchange, you have two offers their customers to trade some of the most popular cryptocurrencies on the market today.

On their brokerage service, where you will be able to buy Bitcoin instantly with your Credit or Debit Card, the following popular cryptocurrencies are available for you to buy:

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Bitcoin Cash (BCH)
  • Bitcoin Gold (BTG)
  • DASH (DASH)
  • Litecoin (LTC)
  • Ripple (XRP)
  • Stellar (XLM) and
  • Zcash (ZEC)

On their Cryptocurrency Trading Platform, you will find the following cryptos available for buying and selling:

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Bitcoin Cash (BCH)
  • Litecoin (LTC)
  • Stellar (XLM)
  • MetaHash (MHC)
  • Bitcoin Gold (BTG)
  • Zcash (ZEC)
  • OmiseGo (OMG)
  • Dash (DASH)
  • Gemini Dollar (GUSD)

The main trading pairs that these are traded against are:

  • BTC
  • USD
  • EUR
  • GBP
  • RUB

CEX Deposit & Withdrawal Methods

On CEX you can deposit cryptos or fiat into your account. While most cryptocurrency exchange operators tend to only have deposit and withdrawals in bitcoin and other cryptocurrencies, CEX is one of the few top exchanges that allow their customers to deposit and withdraw to and from their credit card and debit card (VISA / Mastercard).

Any currency will do, but if your personal account differs, they will convert it to one of the following fiat currencies on their site. Of which you are free to choose during the process:

  • USD
  • EUR
  • GBP and
  • RUB

On CEX you can buy Bitcoin or other cryptos, instantly using your credit or debit card. This you do through their brokerage option.

Transaction & Trading Fees on CEX

If you are looking to buy Bitcoin or other cryptos, instantly using your Credit or Debit Card, CEX will charge you 7.00% for the transaction. If you instead deposit funds into their alternate option, the classic trading platform, they will charge you a standard 2.99% card fee. For every buy or sell you make on their trading platform, you will pay 0.25% in fees for. This is perfectly in line with the industry average of 0.25%.

If you want to completely avoid any deposit and withdrawal fees, you can take advantage of their completely free banking service, allowing bank transfers to be made at no costs when you deposit or withdraw your funds.

What countries does CEX support?

CEX is available to all countries around the globe. If you want to make deposits and withdrawals in cryptos, you will never face any restrictions on your ability to use their services at all.

These Countries are not Supported for Credit or Debit cards

Afghanistan, Bosnia and Herzegovina, Bangladesh, Bolivia, Burundi, Democratic Republic of the Congo, Central African Republic, Cuba, Algeria, Ecuador, Ethiopia, Iraq, Iran, Iceland, Cambodia, North Korea, Laos, Lebanon, Libya, Morocco, Nepal, Pakistan, Somalia, South Sudan, Sudan, Syria, Uganda, Vietnam, Vanuatu, Yemen, Zimbabwe.

These Countries are not Supported for Bank Transfers

Afghanistan, Bosnia and Herzegovina, Burundi, Democratic Republic of the Congo, Central African Republic, Côte d’Ivoire, Cuba, Eritrea, Ethiopia, Guinea, Guinea-Bissau, Haiti, Iran, Iraq, Kenya, North Korea, Laos, Lebanon, Liberia, Libya, Nigeria, São Tomé and Príncipe, Somalia, South Sudan, Sudan, Syria, Tanzania, Tunisia, Uganda, Vietnam, Vanuatu, Yemen, Zimbabwe.

Security on CEX

The company is relatively quiet on their security measures in place, and although it would be nice to know in a little bit greater detail, not being coy about it and sharing intricate details, helps to secure their platform.

CEX is known for keeping their coins stored in cold storage, which is simply a fancy word for them being disconnected from the Internet, i.e. stored offline, making any coins stored there inaccessible to hackers.

How is CEX Customer Support?

CEX is one of the only bitcoin and cryptocurrency exchanges on the market to actually offer their customers a live chat option – enabling their users to resolve any issues or questions they may have, much faster than elsewhere. It is certainly one of the only top 15 bitcoin exchanges in the world to offer it.

Trading Liquidity on CEX

CEX cryptocurrency exchange has one of the highest daily trading volumes on the market. In trading liquidity, it is a top 15 exchange in the world today. As you can imagine, having high daily trading liquidity (turnover) is very important in ensuring you always have available buyers and sellers, so that you can easily enter and exit market positions.

How Easy is CEX to use? (Ease of use)

It is clear to see that CEX has put a great deal of effort into making the platform very user-friendly and as intuitive to use as possible. While hard to believe, some bitcoin exchange operators oftentimes make their website and general customer experience clunky and difficult to navigate and work with.

CEX is suitable for both the complete newbie, as they have taken great care in making deposits and withdrawals as easy as possible, and the same can be said for their most basic Bitcoin buying solution with your credit card too.

If you are more advanced, however, and see more of a standard exchange solution, CEX has you covered as well. You will be able to trade using market and limit orders, and there is even an option for margin trading available.

Click here to register to CEX today

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