CEX.IO Review: The Best Advanced Cryptocurrency Exchange?

CEX is a cryptocurrency exchange that offers multiple useful services for crypto users old and new. These services include basic purchasing of cryptocurrencies with your credit card instantly, an exchange with multiple cryptocurrency and FIAT pairings, and a crypto brokerage service where users can do margin trading. It is one of the few crypto exchanges that offers withdrawals to debit and credit cards with regulatory compliance. CEX also offers staking for certain crypto assets directly through the exchange.

CEX exchange is based in the United Kingdom and is one of the oldest UK exchanges, having started as GHash.io, a Bitcoin mining pool with cloud mining services and the option to trade mining power. In 2013 they started CEX.io as a platform to trade their mining power and the resulting Bitcoin and the exchange has grown in scope since.

CEX.io cryptocurrency exchange


  • Long-running cryptocurrency exchange
  • Withdrawals to credit cards
  • Robust mobile app
  • Easy sign-up
  • Staking available on site

General Overview

The Benefits PRO's
  • Multiple FIAT trading pairs for each crypto asset they support including USD, GBP, EUR
  • Easy sign-up, KYC process for verifying account and unlocking all features
  • Instant crypto purchases with credit card
  • Withdrawal of FIAT directly to credit/debit cards
  • Staking of assets directly on exchange
  • Mobile app
The Downside CON's
  • Limited number of crypto assets are supported
  • All exchanges hold risk of being hacked, loss of assets held on exchange
  • Fees for all currency deposits/withdrawals, whether through credit card or bank transfer

CEX.io at a Glance

Trust rating
Overall rating

Funding Methods

Method Buy Sell Deposit Withdrawal Speed
Bank Account (ACH) No Yes Yes Yes 1-3 Days
Credit Card Yes No Yes Yes Instant
Debit Card Yes No Yes Yes Instant
Wire Transfer No Yes Yes Yes 1-3 Days

Sign-Up Process

Signing up for an unverified CEX.io account is easy, but like most exchanges full verification is required for access to all features.

For an unverified account: 

  1. Go to CEX.io
  2. Click Create Account
  3. Enter email address
  4. Choose password
  5. Choose country
  6. Accept CEX Terms of Use
  7. Click create account
  8. Verify account through email

Create an Account at CEX.IO Exchange


For verified account:

Follow all steps above. Submit required information and/or documentation for varying levels of identity verification:

  • Personal information including name, date of birth, contact number
  • Address (residential and permanent)
  • Scans of ID card, photo of you holding the same card
  • Proof of residency document (water, electric, or internet bill for example)

Wait for approval/verification to be completed, this can be same day but may take a few days depending on volume


What You Can Buy on CEX

CEX exchange offers a limited number of crypto assets, but all are paired to USD, GBP, and EUR. The crypto assets they offer are:

Buying Ripple at CEX.io Exchange

Is it CEX.io Safe?

Yes, CEX exchange is safe to use, the exchange has never been hacked at the time of writing. However, like all exchanges the risk of it being hacked always looms as a possibility and we at CryptoVantage recommend you use a software or hardware wallet to store your crypto assets. This is the safest way to store your cryptocurrencies.


Supported Applications

Apart from its website CEX exchange offers a mobile app that it available for Android and iOS. The mobile app offers all the same features of the website in a easy to use and simple interface.

CEX offers a wallet through the site and mobile app where you can store your assets and stake them where possible, however this wallet is custodial meaning you do not hold the private keys yourself. Please see the list linked in the previous section for a comprehensive list of non-custodial wallets that we recommend.



CEX exchange offers a dynamic fee scale for buying and selling on the exchange whereby the user is rewarded with lower fees the more volume they trade through the exchange. Even with a low volume of trades the fees are quite low.

For depositing fees are flat for both credit cards and bank transfers but vary between the two methods.

For withdrawing the fees are dynamic and vary depending on things such as type of credit card (MasterCard has lower fees than Visa through CEX), and type of bank transfer (direct to your bank has fees whereas through ACH or SEPA there are none). Withdrawals to credit cards incur service charges which include a flat fee and a percentage amount, along with a commission. Withdrawing through a normal bank transfer incurs a percentage fee along with a set dollar amount. Withdrawing through ACH, SEPA or FPS is completely without fees.

CEX.io Frequently Asked Questions

About the Author

Evan Jones CryptoVantage headshot

Evan Jones

Evan Jones was introduced to cryptocurrency by fellow CryptoVantage contributor Keegan Francis in 2017 and was immediately intrigued by the use cases of many Ethereum-based cryptos. He bought his first hardware wallet shortly thereafter. He has a keen and vested interest in cryptos involving decentralized backend exchanges, payment processing, and power-sharing.