CEX.IO

Overview of CEX.IO.BROKER

CEX.IO.BROKER is currently an unregulated cryptocurrency exchange with a history of 5-10 years. With over 200 cryptocurrencies, it is suitable for both experienced and new traders.

The platform offers competitive fees (0.00% to 0.25%) and different payment methods, including Credit Cards, Wire Transfers, and e-Wallets for global convenience. Responsive customer support via email addresses reflects their commitment to user satisfaction.

Pros and Cons

Pros:

Established Reputation: With 5-10 years in the industry, CEX.IO.BROKER has a well-established and reputable history.

Extensive Cryptocurrency Options: With over 200 cryptocurrencies available, users have a range of options for trading.

Versatile Payment Methods: The exchange supports various payment methods, including Credit Cards, Wire Transfers (SWIFT, SEPA, FasterPayments), and e-wallets (Skrill, Epay, etc), enhancing user convenience.

Responsive Customer Support: Multiple email channels, such as support@cex.io, complaint@cex.io, and partnerships@cex.io, demonstrate a commitment to addressing user needs.

Cons

Excessive Offerings: The extensive array of products and services may be overwhelming for novice traders, potentially leading to confusion and decision paralysis.

Lack of Regulatory Oversight: The absence of regulatory oversight means that there is no external authority ensuring fair practices, security, and adherence to financial standards. This lack of oversight can pose risks for users.

Market Manipulation: The lack of regulatory oversight may increase the risk of market manipulation on the platform, as there are fewer safeguards in place to prevent such activities.

Complex Fee Structure: The fee structure, while competitive, includes a range from 0.00% to 0.25%, which might be complex for some users to navigate.

Regulatory Authority

CEX.IO.BROKER. functions under the regulatory oversight of the Gibraltar Financial Services Commission (GFSC), operating by the FSC1345B Regulation Number.

CEX.IO.BROKER.'s Regulatory Status is classified as “Exceeded,” indicating adherence to regulatory standards. The license was granted to CEX.IO.BROKER. is the Digital Currency License, affirming its compliance with regulatory requirements in the digital currency realm.

Security

CEX.IO.BROKER prioritizes the security of its users and their assets by implementing robust security measures:

1. Two-Factor Authentication (2FA): CEX.IO.BROKER employs Two-Factor Authentication, an additional layer of security beyond a password. Users can enable 2FA, adding an extra step to the login process and significantly enhancing the protection of their accounts.

2. DDoS Protection: The platform incorporates Distributed Denial of Service (DDoS) protection to mitigate the risk of service disruptions caused by malicious attacks. DDoS protection ensures the stability and availability of CEX.IO.BROKER services, even in the face of potential cyber threats.

3. Multi-Signature Bitcoin Addresses: For Bitcoin transactions, CEX.IO.BROKER utilizes multi-signature addresses. Multi-signature technology requires multiple private keys to authorize a Bitcoin transaction, enhancing security by distributing control among multiple parties. This reduces the risk associated with single-point vulnerabilities.

Trading Tools

CEX.IO.BROKER offers a suite of powerful trading tools designed to elevate your trading experience, including API, Bitcoin Calculator, and Bitcoin Price Widget.

Trading API: The Trading API provided by CEX.IO.BROKER enables users to automate their cryptocurrency trading strategies. With a reliable and stable API, traders can execute trades programmatically, allowing for more efficient and systematic trading.

Bitcoin Calculator: The Bitcoin Calculator is a handy tool that assists users in quickly and accurately converting Bitcoin amounts to various fiat currencies and vice versa. Whether planning transactions or assessing portfolio values, the Bitcoin Calculator provides valuable insights.

Bitcoin Price Widget: Stay informed about real-time Bitcoin prices with the Bitcoin Price Widget. This customizable widget allows users to display current Bitcoin prices directly on their desktop or mobile devices, ensuring they are always up-to-date with market movements.

Services

CEX.IO.BROKER is a cryptocurrency platform that provides a wide range of services.

For traders, the platform offers the advanced features of Exchange Plus, allowing spot trading with deep liquidity, advanced charting tools, and the convenience of stop orders. The Trading API further empowers users to automate their cryptocurrency trading activities, ensuring reliability and stability in their strategies.

Designed for everyone, CEX.IO.BROKER simplifies the cryptocurrency experience with services like Instant Buy, enabling users to effortlessly purchase crypto using credit or debit cards. The Wallet feature facilitates buying, selling, storing, and earning cryptocurrencies, accommodating users of all experience levels. The Earn feature incentivizes users with monthly rewards for holding stackable coins, providing an avenue for passive income. Additionally, the upcoming Debit Card offers a convenient way to spend cryptocurrency on everyday expenses.

For businesses, CEX.IO.BROKER presents Prime, an institutional-grade ecosystem from the CEX.IO Group. Prime provides businesses with advanced solutions tailored to their specific needs, ensuring a comprehensive and sophisticated cryptocurrency experience.

CEX.IO.BROKER APP

CEX.IO.BROKER is viable for both iOS and Android users.

The CEX.IO.BROKER app redefines the trading experience by offering a comprehensive, all-in-one solution for both iOS and Android users. Designed with the trader in mind, this mobile app eliminates the need for a separate web version, providing seamless access to the full functionality of the CEX.IO platform.

Experience advanced order matching algorithms and a high-liquidity order book that geared to the needs of both novice and experienced traders. The app is equipped with analytical tools tailored for seasoned traders seeking in-depth market insights. Simultaneously, beginners can enjoy a simple Instant Buy/Sell interface, making the initiation into trading effortless.

CEX.IO.BROKER embraces the diversity of the crypto landscape by offering support for leading crypto protocols and a wide range of cryptocurrencies. Whether you're looking for established pairs or exploring the latest additions, the app ensures access to all the top cryptocurrency pairs. The list of supported cryptocurrencies is continually expanding, keeping you well-equipped to navigate the dynamic crypto market.

How to Buy Cryptos

CEX.IO.BROKER makes things easy by letting you buy your favorite digital assets using PayPal, Apple Pay, and Google Pay. Here's how it works:

1. Choose your Payment Method:

PayPal: A familiar and trusted option, ideal for quick purchases without sharing card details.

Apple Pay: Enjoy the security and convenience of your iPhone or iPad for instant crypto buys.

Google Pay: A fast and simple method available on Android devices, accessible within your Google Wallet.

2. Select your Crypto: CEX.IO.BROKER offers a wide range of popular cryptocurrencies like Bitcoin, Ethereum, Litecoin, and many more. Browse the selection and choose the one you'd like to purchase.

3. Enter the Purchase Amount: Specify the amount of fiat currency you wish to spend or the desired amount of crypto you want to acquire.

4. Initiate the Payment: Click on your preferred payment method (PayPal, Apple Pay, or Google Pay) and follow the on-screen instructions. This typically involves logging into your respective app and authorizing the transaction.

5. Confirmation and Completion: Once confirmed, CEX.IO.BROKER will process your purchase and instantly credit your crypto holdings to your CEX.IO.BROKER account. You can then store them securely or use them for further trading activities.

Cryptocurrencies Available

CEX.IO.BROKER supports over 200 digital currencies and tokens and regularly adds new cryptocurrencies to its roster. Here is a look at some of the most popular cryptocurrencies that you can currently trade on CEX.IO.BROKER: Bitcoin (BTC), Bitcoin Cash (BCH), Cardano (ADA), Cosmos (ATOM), Ethereum (ETH), Litecoin (LTC), Tether (USDT), Tezos (XTZ), Tron (TRX), Uniswap (UNI), and Zilliqa (ZIL).

Fees

CEX.IO.BROKER provides detailed insight into its fee structure, deposit and withdrawal commissions, and account limits. Different fees apply for different payment options.

Maker-Taker Fee Structure

Trading fees on CEX.IO.BROKER are determined by a user's 30-day trading volumes, which are recalculated daily at 00:00 (GMT). For new and low-volume users, the fee structure involves a 0.25% taker fee and a 0.15% maker fee.

Deposit and Withdrawal Methods

CEX.IO.BROKER understands the importance of providing convenient payment methods for users. Here are the payment methods available on the platform:

Credit Cards: CEX.IO.BROKER supports credit card payments, offering users a quick and straightforward way to fund their accounts. By accepting major credit cards, the platform ensures accessibility for a wide range of users, making it easy to get started with cryptocurrency trading.

Wire Transfers (SWIFT, SEPA, FasterPayments): The platform facilitates wire transfers through various channels, including SWIFT, SEPA, and FasterPayments. This flexibility allows users to choose the wire transfer method that aligns with their preferences and geographic location, enabling secure and efficient fund transfers.

e-Wallets (Skrill, Epay, etc.): CEX.IO.BROKER embraces the use of popular e-Wallets, such as Skrill and Epay, among others. E-Wallets provide users with an additional layer of convenience, allowing for swift and secure transactions.

Opening a CEX.IO.BROKER Account

Enrolling for a CEX.IO.BROKER account follows a notably streamlined procedure, bearing semblance to the process of enlisting for a conventional online brokerage account.

1. Click on “Register”

2. Provide Necessary Information: Fill in the required details, including your email address and a secure password. Alternatively, some platforms might offer sign-up through Google or other social media accounts.

3. Verify Your Email: After providing the necessary information, you will likely need to verify your email address. Check your email inbox for a verification link and follow the provided instructions.

4. Complete KYC Verification: To comply with regulatory standards and enhance security, platforms like CEX.IO.BROKER often require users to undergo Know Your Customer (KYC) verification. This involves submitting identification documents such as a passport or driver's license.

5. Set Up Two-Factor Authentication (2FA): Enhance the security of your account by setting up Two-Factor Authentication. This adds an extra layer of protection to your account.

Customer Service

CEX.IO.BROKER claims to provide efficient and responsive customer support. For different types of inquiries, users can reach out through the following dedicated email addresses:

General Support: For general support and assistance, users can contact the customer support team at support@cex.io. Whether you have questions about the platform, need help with account-related matters, or seek guidance on trading, this email is designed to address your queries promptly.

Complaints: CEX.IO.BROKER values user feedback and takes complaints seriously. If you have a complaint or encounter any issues that require resolution, you can reach the complaints department at complaint@cex.io. This dedicated email ensures that your concerns are heard and addressed appropriately.

Business Inquiries: For business-related inquiries, partnerships, or collaborations, users can connect with the platform through partnerships@cex.io. This email is designated for discussions related to business opportunities and strategic partnerships.

Is FTX US a Good Exchange for You？

CEX.IO.BROKER is the best exchange for traders seeking access to both spot and margin trading with a focus on established cryptocurrencies like Bitcoin and Ethereum.

CEX.IO.BROKER can also appeal to several trader types beyond those seeking spot and margin trading on established cryptocurrencies. Here are some additional groups who might find it suitable:

1. New & Beginner Traders: A User-friendly platform makes getting started with crypto trading less intimidating. Focus on spot and margin trading provides a safer learning environment without complex derivative instruments.

2. Passive Income Seekers: It generates passive income on supported crypto holdings like Bitcoin and Ethereum. Store your crypto in a secure and convenient location within the platform. Over 200 supported cryptocurrencies offer opportunities to spread your holdings and potential earnings.

3. High-Volume Institutional Traders (CEX.IO Prime): Personalized service and support apply to the specific needs of large-scale traders. Execute large trades directly with the platform without affecting market prices. Tailored arrangements to ensure access to sufficient volume for larger trades.

4. Socially Conscious Traders: Traders can Donate directly to various charities and social causes using their crypto holdings. Promotes trust and ethical practices within the crypto community. Minimizes potential risks associated with investing in newer, less-regulated crypto projects.

Conclusion

In conclusion, CEX.IO.BROKER stands as a well-established cryptocurrency exchange with a solid reputation spanning 5-10 years. The platform's extensive offering of over 200 cryptocurrencies for user preferences, is supported by versatile payment methods and responsive customer support through various email channels.

However, the abundance of offerings may incur market manipulation, and the lack of regulatory oversight may pose risks to users. Additionally, the complex fee structure ranging from 0.00% to 0.25% may be challenging for some users to navigate.

FAQs

Q: What is the market cap and how is it calculated？

A: Market capitalization is the way to indicate cryptocurrency value and rank the relative size of a cryptocurrency. Market capitalization can also be used as an indicator of cryptocurrency's popularity and dominance in the market. Cryptocurrencies with the largest capitalization are considered major ones.

Market capitalization is determined by the current market price and circulating supply of coins.

Q: At what time is the 24-hour % change based？

A: 24-hour % change is based on the current price and the crypto price that was 24 hours ago.

Q: Does CEX.IO.BROKER offer an API for data？

A: Yes, CEX.IO provides several APIs that can expand the crypto trading experience and open new trading opportunities.

Q: How many cryptocurrencies are available on CEX.IO.BROKER？

A: CEX.IO.BROKER offers a wide selection of over 200 cryptocurrencies, providing users with a wide range of options.

Q: What are the fees associated with trading on CEX.IO.BROKER？

A: The fees on CEX.IO.BROKER range from 0.00% to 0.25%, depending on the specific trading activity.

User Review

CryptoInsightful:

“CEX.IO.BROKER's security is top-notch, giving me peace of mind. The user-friendly interface makes trading a breeze, and the variety of cryptocurrencies is a plus. However, the platform lacks in liquidity for some lesser-known tokens. Customer support is prompt, but trading fees can add up. Deposit and withdrawal speed varies; sometimes it's snappy, other times a bit slow. Overall, CEX.IO.BROKER is a reliable exchange with room for improvement in certain areas.”

TechTraderPro:

“CEX.IO.BROKER's stringent security measures reassure me. The interface is clean and efficient, and the array of available cryptocurrencies covers my trading preferences. Customer support has helped resolve my queries. While fees are competitive, the liquidity isn't as robust as larger exchanges. Withdrawal speed can fluctuate, occasionally leading to minor delays. CEX.IO.BROKER's stability and evolving features make it a platform I'll continue to engage with.”

Risk Warning

There are inherent security risks associated with investing in cryptocurrency exchanges. It is important to understand these risks before making such investments. Cryptocurrency exchanges are vulnerable to hacking, fraud, and technical glitches, which can lead to the loss of funds.

It is recommended to choose a reputable and regulated exchange, keep abreast of security measures, and be vigilant in detecting and reporting any suspicious activity. Please ensure that you understand the risks involved and note that the information contained in this article is for general information only.