Review on CEX.IO by Temitope Babatunde
An Exchange With Brokerage Service
Cex io has been in the crypto market since 2013, with its headquarter in London. It registered with FINCEN for its operations in Europe. A user will need to do standard Know Your Customer, where such will be ask to submit some detailed information about him/her self.
Users can deposit fund using wire transfer, credit and debit cards as well as cryptocurrencies. When trading user's will be charge 0.16 as a market maker and 0.25 percent as a taker. Withdrawing which can be in either fiat or crypto each having its own fees.
This website is secured with level 2 DDos certificate and other security measures put in place for the safety of the users fund. The website also has detailed and an explanatory page for new users. The exchange also has good customer support service. You can also trade at go, because there is both ios and Android versions of the exchange application.
Since the exchange is trying to comply with financial regulations guiding its operations the users can use it with rest of mind, remembering though that it is still a decentralized exchange.
Pros
- Your trading fees reduced as your volume of trading increases
- It has high liquidity.
- It support multiple coins
- You can deposit buy crypto with credit card through SEPA if in European countries or through AHK if in US.
- There is brokerage service where the exchange will trade for you.
- It services is available in 24 US states.
Cons
- If you opt for their brokerage service, the fee use to be very high.
- Has no support for ewallet.
New products
Comments (1)
June 07, 2020
The review is deep. I love the part that discuss the security features of the exchange.CEX also provides users with protection under a level two DSS certificate. This means it has proved itself as having a certain level of security to store, process, and transmit payment card data.
