CEX Exchange UK Offering Reviewed
Based in the UK, CEX is a cryptocurrency exchange platform with more than four million global users. The platform has a team of 250 people from multiple countries and operates under the Financial Conduct Authority's temporary registration scheme.
CEX.IO first shot up to fame by being one of the first fiat-to-crypto exchange platforms in the UK. Users that signed up on the platform could easily trade fiat currency like GBP or USD for the cryptocurrency of their choice via card payments and bank transfers. The platform is also a founding member of the CryptoUK, whose mission is to build cooperation between the UK's regulatory authorities and major cryptocurrency players.
CEX exchange UK offering review
CEX is a significant leap for all looking to trade in crypto. This is because the platform allows users to buy, sell, and trade with more than 115 cryptocurrencies and in 225 trading pairs. It can be accessed via browsers and on both Apple and Android devices.
At the time of writing, CEX.IO has three products available for UK customers: CEX.IO, CEX.Broker, and CEX.Direct.
Cryptocurrencies available on CEX.IO
Right now, CEX.IO allows users to trade with more than 200 digital currencies and tokens. CEX exchange UK users' most popular cryptocurrencies are:
• Bitcoin (BTC).
• Litecoin (LTC).
• Ethereum (ETH).
• Bitcoin Cash (BCH).
• Cardano (ADA).
• Cosmos (ATOM).
• Tether (USDT).
• Uniswap (UNI).
Who can trade on CEX.IO?
CEX.IO caters to three different types of users that it calls everyone, businesses, and traders.
Everyone can go on the crypto exchange platform and use the instant feature to buy the crypto of their choice. CEX.IO takes the cake when it comes to payment methods, as it is flexible and allows users to pay via credit cards, debit cards, Apple Pay, Google Pay, and more. It also allows users to soft stake in 13 cryptocurrencies, letting them earn crypto and crypto-backed loans. This enables people to get fiat currency by offering their crypto as collateral.
For traders, the exchange provides spot and margin trading platforms and a mobile app, CEX.IO, which they can use for trading even while on the move.
The CEX exchange UK business offering allows firms to sign up via CEX.PRIME. CEX.PRIME lets institutional-sized buyers attain liquidity.
Businesses can also integrate cryptocurrency payments using CEX.DIRECT, a cryptocurrency payment gateway that works under CEX.IO.
CEX works on the maker-trader model, which means that all its transaction fees are based on the 30-day trade volume for all the coins users deal in. This is recalculated every day at 00:00 GMT.
CEX exchange UK fees for low volume and new users are a 0.25% makers fee and a 0.15% takers fee. As you become a more regular user trading in higher volumes, the fees are almost waived depending on the amount you spend.
Security is a strong focus for CEX.IO. The Financial Conduct Authority conducts the CEX exchange UK regulation. The platform is registered under FinCEN as a money service business in the US. The platform also has a Money Transmitter License (MTL) in 33 states.
CEX.IO customer satisfaction
CEX exchange customers in the UK rated the platform as "excellent" on Trustpilot with a score of 4.7/5 calculated from more than 22,000 reviews. The platform leaves behind its most famous competitors, such as Coinbase and Kraken, regarding customer satisfaction.
Moreover, the team at CEX.IO exchange is committed to increasing customer satisfaction even more as it responds to any negative or dissatisfactory customer reviews within 48 hours.
CEX.IO previously had mining services available to the public. That came to a halt due to profitability issues, which was met with many negative customer reviews. However, CEX.IO has rebuilt its reputation and works well as an exchange platform for new and experienced customers.
To conclude, for people looking for a smooth and low-fee cryptocurrency exchange platform, CEX exchange is the way to go.
With a user-friendly design and great customer satisfaction, CEX is undoubtedly the best in the UK.
Author: Tripti Sarda
Spirituality, cats, and a love for pop culture. You will always find me talking about the mountains.