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Review on CEX.IO by Mansur Pakaya
ABOUT EXCHANGER'S POWER
- the fees are relatively low.
- io provides multiple layers of security for clients to trade safely.
- Cold wallet protects off-exchange crypto funds from clients.
- Cryptocurrency exchanges are listed, unlike many exchanges which are just bucket shops.
- io provides more cryptocurrencies for exchange and trading than most exchanges today.
- io is a British crypto exchange. An incomplete list of exchanges from the UK (besides this one) includes Exmo, CoinEgg, Livecoin, DSX, LocalTrade, Bittylicious, CoinMate, Indacoin, MixCoins, Paybis, Vaultoro, Instant Bitex, and eToro.
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The exchange lists the following 9 factors as reasons to choose io as your trading platform.
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Of these, we are somewhat skeptical of HIGH LIQUIDITY and COMPETITIVE COMMISSION. Our thoughts on high liquidity are expressed above and for the question of whether or not trading costs are "competitive" our conclusion is that they are - at best - in line with the industry average.
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US investors
The exchange is open to US investors from 24 states in America. However we have not been able to verify in which state this exchange is open. We have contacted the exchange to clarify this but we still have not received any response.
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Mobile Support
This platform is not only available from your desktop, you can also access it via your mobile browser. Most traders in the crypto world today make their trades via desktop (about 70% or more). However, of course there are people out there who want to do it from their smartphone too. If you are one of those people, this platform is still for you.
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Pros
- Relatively low cost
Cons
- Difficult to deposit with crypto
