Crypto exchange cex.io today is one of the most popular platforms among the Russian-speaking community. A multilingual user-friendly interface, the presence of a mobile application and API access, high prices for the sale of Bitcoin and other altcoins, the ability to quickly buy or sell currency, many options for depositing and withdrawing funds, moderate transaction fees - these advantages attract new users every day.
CEX.IO exchange through the criteria of Masterforex-V analysts
| General information about the crypto exchange | |||||
| 1. | Exchange name RU | Cex IO | |||
| 2. | Crypto exchange name EN | CEX.IO | |||
| 3. | A country | Great Britain | |||
| 4. | Year of foundation | 2013 | |||
| 5. | Founder | Alexander Lutskevich | |||
| 6. | Personal account for traders and investors | Yes | |||
| 7. | Quotes and charts online | presented on the exchange website | |||
| 8. | Trading session | around the clock | |||
| Investments | |||||
| 9. | Trading volume (USD) | $34.5 million (per diem in July 2021) | |||
| 10. | List of cryptocurrencies | BTC, ETH, LTC, XRP, MATIC, ADA, USDT, TRX, AAVE, BCH, OMG, etc. (total – 85 coins in July 2021) | |||
| 11. | List of fiat (fiduciary) currencies (tickers) | USD, GBR, EUR, RUB | |||
| 12. | Currency pairs | ETH/USD, LTC/USD, MATIC/USD, ETH/USDT, BTC/EUR, BTC/USD, ETH/BTC, LINK/USD, DOT/USD, XRP/USD, ETH/EUR, BTC/USDT, ADA/ USD, ETH/GBP, BTC/GBP, USDT/USD, LTC/BTC, STORJ/USDT, XTZ/USD, XLM/USD, etc. (total 191 pairs in July 2021) | |||
| 13. | Other financial instruments | CFD (see also CFD brokers) | |||
| 14. | Minimum deposit for trading | depends on the deposit method, for example $20 for Epay transfers | |||
| 15. | Min trading lot | depends on the operation | |||
| 16. | PAMM account | absent | |||
| 17. | LAMM accounts for autocopying transactions | No | |||
| 18. | Currency hedging | limit order, stop loss | |||
| 19. | Expert Advisors and Indicators | allowed | |||
| 20. | Depositing/withdrawing money from a trading account | cryptocurrency wallets, Epay, AdvCash, Mastercard, Visa, bank transfer | |||
| 21. | Mobile trading | there is an application for iOS and Android | |||
| Analytics and stock trading training | |||||
| 22. | Analytics and forecasts | none | |||
| 23. | Trader training | no vocational training | |||
| Crypto exchange regulators | |||||
| 24. | State financial regulator | FCA (The Financial Conduct Authority, UK Financial Conduct Authority) | |||
| 25. | Central Bank of the country | Bank of England (BoE, Bank of England) | |||
| Contacts | |||||
| 26. | Official site | cex.io | |||
| 27. | Multilingual technical support | On the main site only English is spoken, Russian on the blog is blog.cex.io | |||
| 28. | Social network pages | facebook.com/CEX.IO/ , twitter.com/cex_io , t.me/CEX_IO | |||
Verification
On the platform, the verification procedure is a prerequisite. The client agreement states that the service supports AML and KYC standards and users who wish to remain anonymous will not be able to replenish their account or withdraw funds from it.
To complete the verification procedure you must:
- fill out a form indicating your full name, country of residence, date and place of birth;
- provide a scanned copy or photograph of an identity document;
- attach a copy of your tax identification number;
- take a photo with a passport in hand;
- make a scanned copy of a certificate confirming your place of residence (receipt for payment of utilities or a notarized lease agreement).
Documents must be in English, so internal passports cannot be accepted as identification. Accepted files are PDF, PNG, JPG and GIF.
The verification takes from 12 to 48 hours.
There are 2 more levels of verification: advanced and corporate. After completing them, users receive higher limits for depositing and withdrawing funds, as well as priority support from the Help Center.
Registration on the CEX.IO exchange
When registering on the CEX.IO crypto exchange, the first thing you need to do is indicate your e-mail and password, which will be used to log into your exchange account. You can register using a valid Google or Facebook account.
To fully trade on the CEX.IO cryptocurrency exchange, you must be verified. Without proof of identity, address and bank card, traders will face restrictions: a ban on trading traditional currencies, the inability to fund an account and withdraw fiat currency, etc.
Screenshot.
Two-factor authentication 2FA
The next step is to enable two-step authentication. Its use is a prerequisite for trading on the site. The system generates a code that will need to be scanned when logging in. Therefore, first check whether the Google Authenticator utility is installed on your smartphone or tablet.
You can choose SMS codes to your mobile phone as a confirmation method, but QR code is considered more reliable. If the user refuses 2FA protection, then the exchange declines responsibility for the safety of funds in the account.
Trade on the CEX.IO exchange
The strictness of the rules repels some traders; the daily traffic of the site is far from the highest - 490 thousand. This is the price for reliability. CEX.IO operates under a UK license and complies with all rules, including full user verification.
There is a spot market and a derivatives market.
The commission varies from 0.16% to 0.25%. There is margin trading. The leverage is small – up to 3x. Before admission to margin trading, the trader is asked whether he understands all its risks.
The list of national currencies includes the currency, American dollar, British pound and Russian currency. The most popular trading pairs are cryptocurrencies with the US dollar or euro and Ethereum/Bitcoin.
Additional features
Staking
Staking as a way of passive income works like a deposit in a bank : the investor receives a percentage for storing funds in a bank account. However, if with bank deposits a reward is awarded for the opportunity to use depositors’ money (for lending to other clients, etc.), then staking involves a reward for the use of user assets to maintain the operation of the network’s blockchain.
CEX.IO staking is the profit from storing coins in your account. To do this, you just need to purchase coins on the exchange or top up your account from another crypto exchange or wallet.
There are currently 10 coins available for staking . Interest rate on them: from 1.5% to 20% (depending on the coin).
The staking reward is automatically credited to the user’s balance once a month (it is planned that it will be more often in the future).
