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XRP: $0.31857 +0.84%
MARKETCAP: $141,709,457,551
24H VOL: $33,949,462,099
BTC: 51%

CEX.IO Review: Is it a safe way to buy cryptocurrencies?

CEX.IO Review

CEX.IO has been a recognized name in the cryptocurrency industry since 2013. In this CEX.IO review, we’ll answer the most common questions about the platform and compare its service to the other cryptocurrency exchanges we’ve reviewed.

You can navigate this review using the following links:

  • Established in 2013 as a Bitcoin exchange and cloud mining service.
  • Now offers exchange support for Bitcoin, Ethereum, Ripple, Bitcoin Cash, Bitcoin Gold, Dash, and Zcash.
  • Based in London, United Kingdom
  • Buy/Deposit Methods: Bank Transfers, Credit Cards, and Cryptocurrency
  • Sell/Withdrawal Methods: Bank Transfers, Credit Cards, and Cryptocurrency
  • Offers some of the highest credit card buy/sell limits of any exchange.
  • High fees if using their easy buy/sell service.
  • Slow fiat currency withdrawals.
  • Cryptocurrency prices tend to trade significantly higher on CEX.IO than on other exchanges.
  • Site: CEX.IO

CEX.IO vs the Competition

Below we’ll show you the pros and cons of CEX.IO vs the other leading exchanges we’ve reviewed.


1) Highest Limits for Credit Card Purchases

While most exchanges don’t even offer the ability to buy cryptocurrencies with Credit Cards, on CEX.IO you can get monthly Credit Card purchase limits of $30,000 or more pretty easily.

U.S. residents will need to verify their identity before being able to make any purchases, but users from the United Kingdom, Canada, most of Europe, and many other countries can buy up to $1,000 per month with just a “Basic” account (limited verification).

CEX.IO Review Credit Card Limits

Exchange Beginner Friendly Estimated Credit Card Buy Fees Estimated Credit Card Buy Limits
Coinbase Exchange Logo Small Table


thumbs up ~4% Limits vary by account age,

history, and more. Many new users

claim daily limits of $200 or less. *(1)

coinmama bitcoin ethereum exchange logo small table


~10.5% $5000 daily

$20,000 Monthly

*See more info on CEX.IO fees in the #3 of the Cons section below.

2) Many Countries and Fiat Currencies Supported

CEX.IO offers their services to most of the world and offers fiat currency deposits in USD, EUR, RUB, and GBP.

For U.S. residents, CEX.IO does not support the following states and territories:

Alabama, Alaska, Arizona, Arkansas, Colorado, Florida, Georgia, Guam, Idaho, Iowa, Kansas, Louisiana, Maryland, Michigan, Mississippi, Nebraska, New Hampshire, New Jersey, North Carolina, North Dakota, Ohio, Oregon, Tennessee, Texas, U.S. Virgin Islands, Vermont, Virginia, Washington.

3) More Available Cryptocurrencies Than Many Other Fiat Accepting Exchanges

Bitcoin, Ethereum, Ripple, Bitcoin Cash, Bitcoin Gold, Dash, and Zcash are available to trade on CEX.IO. This gives them more options than many other popular exchanges including Coinbase, GDAX, and Gemini.

4) Operating since 2013

In the world of cryptocurrency, where Bitcoin has only been around since 2009, CEX.IO’s nearly 5 years of service makes them a veteran exchange.


1) Very Slow Withdrawals

While purchasing cryptocurrency from CEX.IO is pretty smooth, withdrawing fiat currency can take up 20 days according to their website.

If you used CEX.IO to buy cryptocurrency, you’re probably best off sending that cryptocurrency to another exchange when it comes time to sell it.

2) High Prices

Perhaps due to their slow withdrawals, CEX.IO’s exchange has far more buy volume than sell volume. This drives the price of cryptocurrencies higher than on most other exchanges.

3) High Fees if Using “Buy/Sell”

CEX.IO offers two ways to buy and sell cryptocurrencies.

The “Buy/Sell” page of the site automatically fills your order, but charges you a 7% fee to do so.

CEX.IO Buy Bitcoin and Ethereum 2

Instead we recommend using the exchange trading platform, where trading fees are only .25% or less.

CEX.IO Trade Bitcoin and Ethereum

To use this the exchange, click “Trade” in the menu of your account(1). Choose the cryptocurrency pair you want to trade. For example, Bitcoin and USD is “BTC/USD” (2).

Choose between a market or limit order (3). A market order only requires you to enter the amount you want to buy or sell. It then automatically fills your order at the best available price. A limit order requires you to also enter a price you’re willing to buy or sell at. If no user on the other side of the order book is willing to accept this price, your order will not be filled. However, you can cancel an unfilled order at any time.

To buy cryptocurrency, enter your order details in the buy order form(4). You can view other users’ orders in the order book (5).

CEX.IO is one of the few options to buy large amounts of cryptocurrency with a credit card, but that’s largely due to a lack of competition. If you’re wanting to save on fees, you’re better off using a bank transfer on another exchange.

CEX.IO Review
  • Community Trust Grade
  • User Experience
  • Available Cryptocurrencies
  • Deposit/Withdrawal Methods
  • Security
  • Fees
  • Customer Support

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