CEX.io Review

CEX.io is a popular exchange, dealing in Bitcoin and other popular crypto-currencies. This exchange offers a useful brokerage service, which is useful for beginners. However, serious concerns have been raised over the concerns over the safety and security of this exchange.
What countries are supported by CEX.io?

CEX.io is a global exchange but there are certain limitations on the site, such as:

Credit card purchases cannot be made from the following countries: Afghanistan, Algeria, Bosnia and Herzegovina, Bahrain, Bangladesh, Bolivia, Burundi, Cambodia, Democratic Republic of the Congo, Central African Republic, Cuba, Algeria, Ecuador, Ethiopia, Iraq, Iran, Iceland, Kuwait, Laos, Lebanon, Libya, Morocco, Nepal, Nigeria, North Korea, Oman, Pakistan, Palestine, Qatar, Saudi Arabia, Somalia, South Sudan, Sudan, Syria, Uganda, Vietnam, Vanuatu, Yemen, Zimbabwe. Also MasterCard withdrawals for users from India are disabled. Countries not support for wire transfers: Afghanistan, Bosnia and Herzegovina, Burundi, Democratic Republic of the Congo, Central African Republic, Côte d’Ivoire, Cuba, Eritrea, Ethiopia, Guinea, Guinea-Bissau, Haiti, Iran, Iraq, Kenya, North Korea, Laos, Lebanon, Liberia, Libya, Nigeria, São Tomé and Príncipe, Somalia, South Sudan, Sudan, Syria, Tanzania, Tunisia, Uganda, Vietnam, Vanuatu, Yemen, Zimbabwe.

Wire transfers cannot be made from the following countries: Afghanistan, Bosnia and Herzegovina, Burundi, Democratic Republic of the Congo, Central African Republic, Côte d’Ivoire, Cuba, Eritrea, Ethiopia, Guinea, Guinea-Bissau, Haiti, Iran, Iraq, Kenya, North Korea, Laos, Lebanon, Liberia, Libya, Nigeria, São Tomé and Príncipe, Somalia, South Sudan, Sudan, Syria, Tanzania, Tunisia, Uganda, Vietnam, Vanuatu, Yemen, Zimbabwe.

What currencies are supported?

Cex.io exchange supports a comprehensive range of crypto-currencies; these include: Bitcoin, Litecoin, Ethereum, Ripple, Bitcoin Cash, Ethereum Classic, Dash, Monero, and Basic Attention Token and lots more.

Using Cex.io
A useful tool available on Cex.io is the brokerage service. This is a simple process that allows new traders to start trading in crypto-currencies. The only disadvantage of this service is that you will be charged to use it.
For more experienced traders, Cex.io offers its own trading exchange which has much lower fees.
Cex.io fees
One of the main issues that Cex.io users report with the site are the fees and charges associated with trading.
Brokerage services can charge up to 7% fee on transactions. Those using the trading exchange will find fees lower, and these can be reduced further by linking through a bank account or wire transfer of funds as credit cards have a 2.99% fee.
Depending on currency and payment method withdrawal fees can also vary with 3% being the maximum.
Cex.io trading limits
Cex.io uses different types verified accounts to limit trading.
Firstly, Identity verified accounts can purchase up to $1000 of Bitcoins per day and $3000 of Bitcoins a month. This account can only use credit cards for purchases.

Secondly, Address verified accounts can purchase up to $200,000 of Bitcoins per day and $500,000 of Bitcoins a month. This account uses a bank wire transfer.

Thirdly, Enhanced Corporate verified accounts have no limitations on Bitcoins that can be traded.

CEX.io security
As a crypto-currency exchange you can hold your funds on the CEX.io’s web wallet,but its highly recommended to move them to your own wallet. The verification process on accounts makes this site more secure than other exchanges.

Conclusion

CEX.io is a dependable and popular exchange , the only real downsides to this exchange are the variable fees and verification process.