Our liquid order books allow high-speed order execution even for huge-amount trades. Additionally, we regularly evaluate and improve the performance of the currency pairs presented on our marketplace. Still, when considering listing a new coin or token, we estimate its demand, fault tolerance, and throughput to avoid shady coins with zero market activity. Besides, millions of active crypto and Bitcoin traders help us to maintain markets of a high-quality and appropriate liquidity level. Explore the comparison between KuCoin and MEXC and choose which cryptocurrency exchange suits your trading needs. This is largely due to the exchange prioritizing security for both user funds and platform access.
Here’s a short comparison of CEX.IO’s brokerage service compared to other popular services around. Reddit also has its share of https://www.tokenexus.com/s but I couldn’t find anything particularly good or bad Redditors had to say about the exchange. This means that the person who created the order (the maker) usually pays a lower fee than the person who fulfilled the order (the taker). The downside is that for this to work CEX.IO has to charge customers a premium so that they will always be able to fulfill their orders, hence the higher exchange rate. Though CEX.IO has weathered limited attempts at hacking here and there, it has never lost any of its customers’ funds.
Fees and Charges at CEX.io
CEX.io offers customer service 24/7 and has a dedicated support team to answer user questions and resolve issues. The exchange also provides a detailed Help Center with articles on various topics, including account management, security, verification, deposits & withdrawals, trading, and others. CEX.io has four different verification tiers on its platform. These tiers are named Identity, Address, Enhanced, and Corporate. Accounts with their identity verified can purchase up to $1,000 of crypto each day.
Bottom line – if you’re an experienced trader CEX.IO’s trading platform is where you should conduct your transactions (as opposed to the brokerage service). The trading platform is pretty advanced and supplies all of the features you’d expect such as market and limit orders. The trading platform has decent liquidity, allows cross platform trading (via a mobile app and several APIs) and also supplies you with advanced reporting. The upside for using the platform is that fees are extremely lower. Just for comparison, while fees on a brokerage trade can reach up to 7%, fees on the trading platform reach 0.25% at max.
Other Features of CEX:
Finder, or the author, may have holdings in the cryptocurrencies discussed. Kraken is one of the longest-running platforms in the industry and has maintained its legacy by constantly improving its services. While I can’t say the exchange is free from support issues, I can testify as an exchange user that whenever I had an issue in the past I always received a relevant answer in a timely manner.
A variety of options for trading cryptocurrencies is beneficial for users. In particular, CEX.IO supports trading of around 200 crypto markets, like BTC/USD (BTC to USD), ETH/GBP, DASH/EUR, ADA/USDT, and more. CEX.IO offers instant cryptocurrency purchases for traders using credit or debit cards, and it allows you to fund your account with bank or cryptocurrency transfers. With its simple and friendly interface, low fees, and exceptional reviews, CEX.IO CEX.io Review is one of the best cryptocurrency exchange platforms for investors in the UK. It is suitable both for beginner and advanced investors, and even has its own payment system for businesses looking to bridge the gap between fiat and cryptocurrency. If you’re looking for low fees, CEX.IO really is the best cryptocurrency exchange for UK investors, although Kraken and Gemini offer similarly competitive charges at maximum 0.26% and 0.35% respectively.
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Transaction fees on CEX.io range anywhere from 0.00% to 0.25%, depending on the cryptocurrency and whether you’re the maker or the taker. You can see the rest of the CEX.io fee schedule listed out here. Every cryptocurrency available on the CEX.io platform can be purchased using USD. In addition, some crypto can be purchased with other fiat currencies, including RUB, GBP, and EUR.
- It’s simple to use and you get your BTC easily, but you pay for the convenience.
- It allows users to leverage their position and increase their profit possibilities (while also increasing the risk they are exposed to).
- Using your credit card you can purchase up to $1500 a day or $15,000 monthly.
- The positive reputation of CEX.IO and market tenure make it worth the trust of customers all over the world.
They also offer useful tools and services for investors and traders. Konstantin Anissimov, CEX.IO’s executive director, describes the platform as an ever-expanding “ecosystem of a collection of products” for retail and institutional investors. CEX.IO is also a founding member of CryptoUK – an association whose aim is to “build cooperation between the major cryptocurrency players and regulatory authorities in the UK”. However, the fee stated above is only relevant to the instant-buy service. In order to trade you’ll need to fund your CEX.IO account with either a bank wire, SEPA transfer (both have no commission on CEX.IO’s part) or a credit card (2.99% fee).