CEX.io – Crypto Exchange Review

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#1 Exchange for Traders in 2021: CEX.io

Rating: 71.0 / 100
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Overall Rating: 71.0 / 100
Trust: 8.5/10
Trading: 9.75/10
Derivatives: 0/10
# of Coins: 6.5/10
Fees: 8.5/10
Customer Service: 10/10
Funding Options: 10/10
Recurring Buys: 0/10

OPEN CEX.io ACCOUNT

Overview:

  • CEX.io is a London-based crypto exchange founded in January 2013 by Oleksandr Lutskevych (who still serves as CEO).
  • CEX.io began as the first cloud mining operation, but abandoned it due to increased mining difficulty and low Bitcoin price and chose to focus 100% on their exchange operations in 2015.
  • CEX.io prides themselves on being easy to onboard new users and offer industry-leading trading options.
  • CEX.io shines brightest when looking at it's trading features and security - as evidenced by offering the ability to trade with industry leading leverage while on margin

CEO:

Oleksandr Lutskevych (since 2013)

Strengths:

  • CEX.io has been around since 2013 (as an exchange since 2015) so they are well known in the crypto industry. They are also well versed and connected in Bitcoin mining and the network.
  • We gave them a 8.5/10 Trust Score and love that they institute Proof of Funds.
  • Traders will love them for many reasons - excellent API coverage, margin trading, and 100x leverage trading (YES YOU READ THAT RIGHT). This might be the best exchange for traders - depending on what views and features you prioritize.
  • Lots of cool features coming: Savings Account, custody, and (rumored) automatic recurring buys.
  • On-site staking capability for certain coins.

Weaknesses:

  • No automatic recurring buy option.
  • Liquidity isn’t great as their Bid/Ask Spread = 2.554%.
  • While we love that they practice Proof of Funds, we wish CEX.io would consider implementing more cybersecurity protocols, namely: Penetration Tests and Bug Bounty.
  • Fees are average.
  • Weak education section especially for beginners.

Number of Coins:

55

Current Promotions:

No notable promotions to report.

Fees:

  • Average fees across the board with news that they might improve.
  • Maker: 0.0% - 0.16% Taker: 0.10% - 0.25%

Withdrawal Fees:

Payment method Deposit Withdrawal
VISA 2.99% Service charge:
up to 3% + $ 1.20

Commission:
up to $ 3.80

MasterCard 2.99% Service charge:
up to 1.8% + $ 1.20

Commission:
up to 1.2% + $ 3.80

skrill 3.99% 1%
Bank transfer $0 0.3% + $ 25.00
ACH $0 $0

Trading Fee Schedule:

Trade Volume 30d, BTC Taker Maker
≤ 5 0.25% 0.16%
≤ 30 0.23% 0.15%
≤ 50 0.21% 0.13%
≤ 100 0.20% 0.12%
≤ 200 0.18% 0.10%
≤ 1000 0.15% 0.08%
≤ 3000 0.13% 0.04%
≤ 6000 0.11% 0.00%
> 6000 0.10% 0.00%

Trading Features:

  • Trading is where CEX.io absolutely shines. They offer world class API coverage, margin trading, and up to 100x leverage (we absolutely discourage this option for new traders).
  • 151 tradable pairs is impressive and likely more than you’ll ever need.
  • Depending on what you find to be most valuable, this might be the best exchange for traders.
  • To see CEX.io's full tradable pair list scroll to the bottom of this review.

HODLing Features:

CEX.io does not offer automatic recurring buys - which is our favorite feature for HODLers. If you want to set automatic, recurring buys you should consider Binance.US.

Security - CEX.io has one of our lower Trust and Cybersecurity scores. They are rolling out a custody option soon. They do provide Proof of Funds which is very important. They’ve also never been hacked or had information stolen in their 7 years of operation. We only list exchanges that we trust and are very safe. If you plan on holding crypto for a long time you need to be sure the exchange you trust with your holdings is incredibly secure.

We are big fans of auto/recurring buys (Dollar Cost Averaging) and encourage you to utilize this strategy if you don’t want to make a large, one-time purchase, and then move your crypto into a hardware wallet. Check out Binance.US if you want to set up automatic recurring purchases.
DCA:

Analysis and Educational Tools:

If you are looking for your primary exchange site to also be your primary education destination we would encourage you to look further (possibly Binance.US). There are Blog and Press sections, but these are primarily focused on how to use site features, trading, or account setup/settings.

CEX.io does a lot of things well (mostly trading), but this is not one of them. We would recommend you use our site’s education section instead.

Mobile App

The CEX.io mobile app is very clean and easy to use.

Some of the more advanced trading features are either not available on the app, or are more difficult to navigate than the desktop version.

Tradable Pairs

# Coin Pair
1 XRP XRP/USD
2 Bitcoin BTC/USD
3 XRP XRP/EUR
4 Bitcoin BTC/EUR
5 Ethereum ETH/USD
6 XRP XRP/USDT
7 XRP XRP/GBP
8 Stellar XLM/USD
9 Bitcoin BTC/GBP
10 Ethereum ETH/EUR
11 Tether USDT/USD
12 XRP XRP/BTC
13 Bitcoin Cash BCH/USD
14 Cardano ADA/USD
15 Bitcoin BTC/USDT
16 Litecoin LTC/USD
17 Stellar XLM/USDT
18 Chainlink LINK/USD
19 Ethereum ETH/USDT
20 Ethereum ETH/BTC
21 TRON TRX/USD
22 NEO NEO/USD
23 Stellar XLM/BTC
24 Bitcoin BTC/RUB
25 Stellar XLM/EUR
26 Cardano ADA/EUR
27 Dash DASH/USD
28 Tezos XTZ/USD
29 Cardano ADA/GBP
30 Bitcoin Cash BCH/EUR
31 Uniswap UNI/USD
32 Tether USDT/EUR
33 Bitcoin Cash BCH/USDT
34 Litecoin LTC/EUR
35 Cardano ADA/USDT
36 Ethereum ETH/GBP
37 NEO NEO/USDT
38 Litecoin LTC/USDT
39 Zilliqa ZIL/USD
40 TRON TRX/USDT
41 NEO NEO/EUR
42 Tezos XTZ/USDT
43 Matic Network MATIC/USD
44 Polkadot DOT/USD
45 Cosmos ATOM/USD
46 Tether USDT/RUB
47 Litecoin LTC/GBP
48 OMG Network OMG/USD
49 Basic Attention Token BAT/USD
50 Chainlink LINK/EUR
51 #MetaHash MHC/USD
52 TRON TRX/BTC
53 Litecoin LTC/BTC
54 Tether USDT/GBP
55 TRON TRX/EUR
56 Bitcoin Cash BCH/BTC
57 Dash DASH/EUR
58 Gas GAS/USD
59 Dash DASH/USDT
60 Ontology ONT/USD
61 Holo HOT/USD
62 Bitcoin Cash BCH/GBP
63 BitTorrent BTT/USD
64 Dash DASH/BTC
65 Ontology ONT/USDT
66 Bitcoin BTC/USDC
67 Compound COMP/USD
68 Basic Attention Token BAT/USDT
69 Zilliqa ZIL/USDT
70 Basic Attention Token BAT/EUR
71 Matic Network MATIC/EUR
72 Chainlink LINK/USDT
73 OMG Network OMG/USDT
74 Ontology Gas ONG/USD
75 Matic Network MATIC/USDT
76 NEO NEO/GBP
77 0x ZRX/USD
78 OMG Network OMG/BTC
79 Cosmos ATOM/EUR
80 Wabi WABI/USD
81 Lambda LAMB/USD
82 OMG Network OMG/EUR
83 Tezos XTZ/EUR
84 #MetaHash MHC/BTC
85 Holo HOT/USDT
86 Polkadot DOT/USDT
87 Chainlink LINK/GBP
88 Golem GNT/USD
89 Cosmos ATOM/USDT
90 Compound COMP/USDT
91 Matic Network MATIC/GBP
92 Ontology Gas ONG/USDT
93 Gas GAS/USDT
94 Gas GAS/EUR
95 USD Coin USDC/USD
96 #MetaHash MHC/ETH
97 Ontology Gas ONG/EUR
98 Gas GAS/GBP
99 BitTorrent BTT/EUR
100 #MetaHash MHC/EUR
101 Wabi WABI/EUR
102 Ontology Gas ONG/BTC
103 Uniswap UNI/USDT
104 0x ZRX/USDT
105 Golem GNT/USDT
106 Curve DAO Token CRV/USDT
107 Tezos XTZ/GBP
108 Binance USD BUSD/ETH
109 Basic Attention Token BAT/GBP
110 Ontology ONT/BTC
111 Ontology ONT/EUR
112 DFI.money YFII/USDT
113 Cosmos ATOM/GBP
114 Binance USD BUSD/USDT
115 USD Coin USDC/USDT
116 Wabi WABI/USDT
117 REN REN/ETH
118 Meta MTA/USDT
119 Gemini Dollar GUSD/USD
120 Gemini Dollar GUSD/USDT
121 TrueUSD TUSD/ETH
122 BitTorrent BTT/BTC
123 Curve DAO Token CRV/ETH
124 Uniswap UNI/ETH
125 yearn.finance YFI/ETH
126 yearn.finance YFI/USDT
127 Sushi SUSHI/ETH
128 DFI.money YFII/ETH
129 Gemini Dollar GUSD/EUR
130 Sushi SUSHI/USDT
131 #MetaHash MHC/GBP
132 Wabi WABI/GBP
133 Dai DAI/ETH
134 Wrapped Bitcoin WBTC/USDT
135 Dai DAI/USDT
136 REN REN/USDT
137 Band Protocol BAND/USDT
138 TrueUSD TUSD/USDT
139 Cream CREAM/USDT
140 Balancer BAL/USDT
141 Lambda LAMB/USDT