Are there fixed fees, transaction fees, or other fees?
Is the website safe and your information secure? Have there been previous breaches in security?
How many coins are available to trade?
|Ease of Use?
How good is the overall experience? Is it easy to buy/sell tokens, view funds, and see market movements?
Having been hacked before back in 2013 CEX.IO gets a rating of 3. Over time however they have done quite a bit to ensure their users that their information and funds are safe. They claim that your funds are stored offline for security and the platform offers two-factor authentication to add additional protection to your account.
CEX.IO is known to have one of the highest fees out there. CEX charges a 7% service fee. This fee only applies if you want to do a direct purchase with CEX. In addition to the 7% service fee, there is a 3.5% plus $0.25 fee for the use of a credit card and once entering a trade you’ll have to pay a 0.2% transaction fee. So when you add all that up it can become a pretty significant fee.
CEX doesn’t offer a large variety of coins to buy when compared to other exchanges like Binance or Poloniex but it does offer a fair amount. CEX offers 10 different coins that you can buy. All of which are pretty good coins to be involved in.
Ease of Use
Like many other exchanges, CEX.IO makes you go through a process of signing up, verifying your identity, and adding other security precautions. All of this is mundane stuff but not too hard to do. It just takes a little bit of time. Once you’ve finished that process the interface is fairly easy to understand and easy to navigate. It shouldn’t take you long to figure it out.
Overall CEX.IO is a decent exchange to be a part of. Most people seem to like CEX.IO for a lot of things. Things like, decent security, amount of coins, and ease of use. The only big complaints that you’ll see online is due to the high fees and hidden fees. So, if you can deal with a high fee then CEX.IO might be a good fit for you.