CEX.IO Review – Forbes Advisor – Technologist

To start using CEX.IO, you must first register an account and verify your identity. You will need to provide the following:

• Your name
• Address
• Contact information
• Email
• Phone number

You will also need to upload a government photo ID, like your passport or driver’s license, and your social security number. CEX.IO’s system will have you take a photo to confirm your identity.

Cryptocurrency Exchange

After approval, you can use the CEX.IO exchange to buy, sell or trade cryptocurrencies. You will have to set up a payment method, and you can buy cryptocurrencies instantly using your debit or credit card.

The website updates the market prices every fifteen minutes. CEX.IO offers 30 cryptocurrencies for U.S. users, including the most popular ones, such as bitcoin, Ethereum, Cardano and Solana.

You can also transfer cash into CEX.IO via bank transfer, wire transfer or Google or Apple Pay. You then can use your deposits to buy and sell cryptocurrencies at your convenience. If you already own cryptocurrencies, you can transfer them into your CEX.IO account for trading or to sell for cash using the exchange.

CEX.IO runs a crypto wallet that automatically stores your account’s cryptocurrency holdings. The platform stores 98% of its user cryptocurrencies offline in cold wallets where they are safe from hacks. This is one of its security measures.

Crypto Trading Platform

If you are a more serious cryptocurrency investor, CEX.IO runs a cryptocurrency trading platform. It offers spot trading so you can immediately settle and receive your coins. You can create more advanced trades through this platform, like conditional or stop limit orders for cryptocurrencies.

The CEX.IO platform provides charting, trading indicators, automated trading and other advanced trading instruments. Thanks to CEX.IO’s size, it can give tighter spreads to reduce your trading costs and decent liquidity to execute trades with less price slippage.

CEX.IO offers automated trading, including the option to develop your own APIs. You can use these to automate trades and integrate trading bots. CEX.IO has won numerous awards for its trading platform.