CEX.IO Overview review

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(96 User Ratings)

USD, EUR, GBP, and RUB
Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Bitcoin Cash (BCH), Bitcoin Gold (BTG), Dash (DASH), Stellar (XLM), Litecoin (LTC), and more
0.10%-0.25% depending on your 30-day trading volume

Background information about CEX.IO

 

CEX.IO is a multi-functional cryptocurrency exchange that allows customers to instantly buy/sell cryptocurrencies, trade crypto assets, or exchange them for fiat currencies. 

 

CEX.IO crypto exchange platform provides access to the high liquidity order book for top currency pairs in the market and offers cross-platform trading via mobile app, website, WebSocket, and REST API. Over years the exchange has developed a multi-level account system, with an individual approach to each customer from beginners to institutional traders that guarantees the safety of assets and data. But CEX.IO wasn’t always a cryptocurrency exchange. 

 

CEX.IO was established in 2013 as the first cloud mining provider. They were the owners of GHash, which was a leading cloud mining service provider at that time. But CEX.IO closed down its cloud mining services in 2015 due to low BItcoin prices. Another contributing factor that led them to close GHash was that they did not own any mining hardware. Their domain CEX.IO continued to operate but only as a crypto exchange. 

 

The company is known for its innovation and offers a vast array of products that serve the needs of people in the crypto industry. It has about 4 million users all around the world. Oleksandr Lutskevych is the founder and CEO at CEX.IO. Oleksandr has over 15 years of expertise in the IT industry and is one of the inventors of cloud mining. Today, CEX.IO has become one of the best cryptocurrency exchanges in Singapore. With a large user base in Singapore, CEX.IO has established itself as one of the largest cryptocurrency in Asia. 

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Products of CEX.IO

 

CEX.IO offers a wide range of products to cater to the needs of individuals, traders, and businesses in Singapore. Some products of CEX.IO include:

 

  1. Instant buy: With this feature, you can buy cryptocurrency with your credit/debit card in USD/EUR/GBP on CEX.IO.
  2. Staking: It allows you to earn rewards by just keeping coins and tokens for an indefinite period in your account so that you can passively accrue rewards until you liquefy your assets. 
  3. Loan: This feature allows you to get a crypto-backed loan within minutes that can be repaid anytime or on the loan term date.
  4. Spot trading: This feature comes with order matching algorithms, analytical reporting tools, and an intuitive interface that helps traders to buy and sell cryptocurrencies.
  5. Margin trading: With this easy-to-use feature, you can trade cryptocurrencies with a margin with up to 100x leverage.
  6. CEX.IO Aggregator: This service is catered to professional traders and enterprise clients by connecting multiple liquidity providers and filling the orders at the best price and minimum time.
  7. CEX Direct: This feature works as a link between fiat and crypto realms by providing easy access to crypto assets. It helps you to ease your work and engage with your customers, as CEX.IO handles all user verification, procurement, delivery, and payment procedures.

 

Apart from the above features, the company has also geared itself to launch savings and custody features in the future for individuals and businesses.

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CEX.IO Overview

How to open an account at CEX.IO?

 

To start trading at CEX.IO in Singapore, you need to create an account. Here’s how to do that:

Step 1: Visit the official website of CEX.IO and click on the “Create Account” button. 

Step 2: After you click on the “Create Account” button, you’ll be redirected to the registration page, where you have to fill in details like email address, country of residence and create a password.

Step 3: Next, you have to read and accept the terms and policy of the company, and then click the “Create Account” button.

Step 4: You will receive an activation email from CEX.IO to the registered email address. You need to open the email from CEX.IO and click the “Confirm Email” button.

Step 5: Now, you have to fill in your personal details like name and date of birth. Here, you have to ensure that you enter the same details as mentioned on your identity document (driver’s license, ID card). Click on the “Next” button. Now, your account is created. 

 

You can a set up two-factor authentication (2FA) on your CEX.IO account. This is an additional security feature that gives you an extra form of password to keep your account secured. After you have performed the above step-by-step process, you’ll be all set to trade cryptocurrencies on CEX.IO.

Free quently asked questions

1Is CEX.IO legit?

CEX.IO is a trustworthy platform as it has been registered in the United States as a Money Services Business. CEX.IO is registered with FinCEN, a U.S based agency that deals with financial crimes, so it’s less likely that the company is going to pull any kind of exit scam.

2How long does it take for CEX.IO to settle my withdrawals via bank transfer?

Bank transfer withdrawal requests on CEX.IO are processed within 24 hours on business days. Once the payment is processed by the CEX.IO finance team, it will take some time to reach the bank account of customers. However, it depends on the banks processing rules.

3Can I raise deposit and withdrawal limits at CEX.IO?

Yes, you can raise your deposit/withdrawal limits to speed up transfers to and from your CEX.IO account. To increase your deposit and withdrawal limit, you will need to apply for a higher verification level by visiting the Limits & Commissions section of the CEX.IO website.