Is Cex Io a good cryptocurrency exchange?

CEX.IO has a comprehensive support center and there are a range of ways to get in contact with the helpdesk if needed. CEX.IO gets a tick for fee-free bank deposits, but its fees for buying Bitcoin with a credit or debit card are among the highest of any exchange.

How much does it cost to use Cex?

For example, CEX.IO can take up to a 7% fee from the amount of fiat currency you pay for a service. For example, if you buy $1000 worth of Bitcoins you may get as little as $930 worth. This means that the high exchange rate you see on CEX.IO already includes the service fee within it, but no other fees will apply.

What do you need to buy Bitcoin on Cex Io?

Some people have complained online about CEX.IO’s verification process. However, the exchange makes it clear exactly what documentation is required to satisfy KYC and AML regulation. As long as you have a passport, proof of address, and access to the card you’ll be using to buy Bitcoin, you shouldn’t have a problem.

Is Coinbase cheaper than Cex is?

However, Coinbase’s exchange fee is much lower than CEX.IO. When comparing the actual cost of buying 1 Bitcoin through both companies it turns out that Coinbase is 4% cheaper than CEX.IO and is probably the cheapest option than all of the compared exchanges in this post. You can read my complete Coinbase review here.