Is CEX.io a Good Crypto Exchange for Beginners?

Your capital is at risk.

Share this:
Editorial Note: While we adhere to strict Editorial Integrity, this post may contain references to products from our partners. Here's an explanation for How We Make Money. None of the data and information on this webpage constitutes investment advice according to our Disclaimer.

It is important for novice cryptocurrency traders to choose the right crypto exchange. Not all companies can be used when you are just starting your path in trading, which is why the success in cryptocurrency trading depends on making the right choice. Beginners often wonder whether CEX.io is a good crypto exchange to start trading with. In this article you will learn whether CEX.io is good for beginners, what its pros and cons are and what a novice trader needs to know.

Short summary about the broker CEX.io

The CEX.io cryptocurrency exchange offers fast executions, spot cryptocurrencies, and token and CFD trading. Bitcoin, Ethereum, Tether, Bitcoin Cash, Litecoin, Cardano, Binance Coin, dozens of other cryptocurrencies and coins are traded on the exchange. As for fiats, there are the US dollar, Euro, and the British pound sterling. You can carry out a fast cryptocurrency sale and purchase directly from a bank card. The exchange allows for simplified investment in cryptocurrencies; the service of cryptocurrency loans is integrated, and there is a one-level referral program. You can trade through a web terminal or a mobile application. Commission fees for trading operations depend on the trading volume, and the fees are average for the segment at the first trading levels.

💰 Account currency: Cryptocurrencies, US dollar, Euro, and British pound sterling
🚀 Minimum deposit: 0.0001 BTC
⚖️ Leverage: Up to 1:100 (for CFD trading)
💱 Spread: Market
🔧 Instruments: Cryptocurrencies, currencies
💹 Margin Call / Stop Out: No

CEX.io Pros and Cons

👍 Advantages of trading with CEX.io:

all popular cryptocurrencies and 4 fiats are provided;

CFD contracts trading with x100 leverage;

a simplified service for the quick purchase and sale of cryptocurrencies;

simple and profitable investment program.

the ability to take loans in cryptocurrency;

CEX Prime and CEX Direct solutions for business;

versatile application for mobile trading;

profitable affiliate program.

👎 Disadvantages of CEX.io:

no demo-accounts;

no training programs for novice traders.

What is a Good Crypto Exchange for Beginners?

In order to choose the right broker for a beginner, you need to consider several aspects.

Here are the main ones:

  • Education. It is important for novice crypto traders to learn how to trade. An exchange can offer educational courses, video tutorials, articles, webinars, etc. The more learning opportunities there are the better.

  • Availability of a demo account. You will need this account to practice. It provides an opportunity for a beginner to trade risk free and try out trading strategies.

  • Availability of a simple method to buy cryptocurrencies. An exchange service or a P2P exchange would be an advantage for an exchange.

  • Low fees. The level of income of the trader depends on the level of the fees. Therefore, it is important to choose a company that charges minimum fees. Crypto exchanges mostly use the Maker and Taker fee model. It is important that you study them.

  • Instruments for passive investing. In addition to active trading, passive income is also important for beginners. Pay attention to availability of copy trading or staking.

  • Trading platform. It is important for a novice trader to choose the simplest trading platform that will be easy-to-use for trading.

In addition to these factors, you also need to consider how customer support operates, as it will also be important. Bonuses for beginners are also a nice perk.

Trading Conditions for CEX.io Users

Before you start working with an exchange, it is important that you evaluate its trading conditions. CEX.io offers traders the following conditions.

💻 Trading platform: Proprietary version of TradingView terminal
📊 Accounts: Standard
💰 Account currency: Cryptocurrencies, US dollar, Euro, and British pound sterling
💵 Replenishment / Withdrawal: Bank cards and accounts, electronic and cryptocurrency wallets
🚀 Minimum deposit: 0.0001 BTC
⚖️ Leverage: Up to 1:100 (for CFD trading)
💼 PAMM-accounts: No
📈️ Min Order: From 0
💱 Spread: Market
🔧 Instruments: Cryptocurrencies, currencies
💹 Margin Call / Stop Out: No
🏛 Liquidity provider: No
📱 Mobile trading: Yes
➕ Affiliate program: Yes
📋 Orders execution: n/a
⭐ Trading features: Many cryptocurrencies and tokens, fiats, two investment programs, an unlimited referral program, moderate commissions, and many bonuses
🎁 Contests and bonuses: Yes

Commissions and Fees

The size of commissions and fees is also an important factor of choice. Traders Union analysts have prepared a short review of CEX.io commissions and fees. In this section, you will find trading fees of the exchange as well as withdrawal fees.

Information

The CEX.io cryptocurrency exchange charges commission fees for all trading operations. The amount of the fee varies depending on the trading level, which is determined by the user's trading volume within the last 30 days. Trading volume is measured in BTC. There are nine trading levels (commissions for them are indicated for the maker/taker, respectively):

  • ≤ 5 BTC – 0.25%/0.16%;

  • ≤ 30 BTC – 0.23%/0.15%;

  • ≤ 50 BTC – 0.21%/0.13%;

  • ≤ 100 BTC – 0.20%/0.12%;

  • ≤ 200 BTC – 0.18%/0.10%;

  • ≤ 1,000 BTC – 0.15%/0.08%;

  • ≤ 3,000 BTC – 0.13%/0.04%;

  • ≤ 6,000 BTC – 0.11%/0.00%;

  • < 6,000 BTC – 0.10%/0.00%.

Account type Spread (minimum value) Withdrawal commission
Standard Up to 0.25% per application Yes

Investment programs of CEX.io

It is important for novice traders not only to trade actively, but also earn passive income. Passive investing can help you earn extra profit, and also compensate for the losses you may incur as a result of active trading. CEX.io offers the following passive income options.

Investment Programs, Available Markets, and Products of the Crypto Exchange

Cryptocurrency exchange CEX.io offers two investment options. The first one is staking. It means loaning a cryptocurrency or a token to a blockchain project, which acts as the official partner of the site. The staking section contains a list of current requests from partners. For each request, the required asset, minimum deposit, and estimated interest rate are indicated. Just select an application and make a deposit not less than the minimum possible (you must have the corresponding asset on the account).

Staking rewards are recalculated once an hour. Funds are not frozen in your account; you can use them in trading. However, if the number of coins on the account decreases, the reward will naturally be recalculated downward. You can answer several requests at once. The deposit and interest are transferred to your account once a month (30 calendar days). The average staking interest rate is 2-16% per annum.

The second investment option is cryptocurrency deposits. This is a universal program that works for most cryptocurrencies and coins. You freeze part of your funds on the account (for a certain period – 30, 60, or 90 days), providing them for the use of the site for its needs. For this, the website charges the user interest in proportion to the amount of the frozen funds. Interest is charged daily. The average income is 4-12% for cryptocurrencies and up to 20% for tokens.

You cannot trade assets that you have frozen. However, you can withdraw (redeem) the deposit at any time. There is a standard ransom when the funds are unfrozen the next day, and a quick ransom, when the funds are returned on the day the order is created. You will have to pay a quota for both ransom options. The quota is not paid when funds are returned naturally after the freeze period.

Important!

If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of thedeal and all the steps from signing up to withdrawal of profits.

CEX.io’s affiliate programs

The referral program of the CEX.io cryptocurrency exchange is standard and one-level. To participate in it, go to the Referral section in the personal account. Locate the individual affiliate link. 

You can place the link on any site without restrictions. The exchange offers a comprehensive range of banners and promotional materials to integrate an affiliate link. Advertising materials have already been adapted for publishing on forums and various social platforms.

Each user who follows your link and registers on the cryptocurrency exchange will become your referral. But he will be a referral only if the user is verified within 30 days after clicking on your link. If this happens later, it will not be added to the list of your referrals.

A referral brings you 30% of the commission fees on all of his trades. The referral status is unlimited, the user will provide you with income for as long as he trades on the site. You can have any number of referrals, all referrals and payments for them are displayed in the corresponding section of the personal account.

Referral payments are made to the user's main account in the transaction currency. These funds can be freely converted, used in trading, or withdrawn to a bank card.

Conclusion. Is CEX.io good for beginners?

The CEX.io cryptocurrency exchange will be an excellent choice for beginners. The exchange offers a convenient trading platform, which a beginner can learn to work with rather quickly. There is an excellent education center with a large number of materials for novice traders. Also, traders can earn passive income on good conditions. Therefore, CEX.io could be considered as a good cryptocurrency exchange for a start.

FAQ

What do I need to know about the fees charged by cryptocurrency exchanges?

The majority of cryptocurrency exchanges use the Maker/Taker fee model. As a rule, they use a multi-level system for traders that depends on the trading volume. The higher the trader’s trading volume, the lower the fees.

How do I choose a reliable cryptocurrency exchange?

Crypto exchanges mostly operate without licenses, as the majority of countries haven’t adopted legislation to regulate them. In order to choose a reliable exchange, you need to find out about its reputation and read the reviews about user experiences with it.

How many cryptocurrencies could a crypto exchange offer?

The number of cryptocurrencies on the listing of a cryptocurrency exchange may be very different. Some platforms offer less than 10, while others – several hundreds. It is important that you check the choice of cryptocurrency before registering on the exchange.

What are the risks of investing in cryptocurrencies?

Investing in cryptocurrencies carry high risks due to their high volatility. It could cause substantial losses, which is why it is important to observe the rules of risk management.

Team that worked on the article

Mikhail Vnuchkov
Author at Traders Union

Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.

Olga Shendetskaya
Author and editor at Traders Union

Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.