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CEX review & 14 testimonials (updated 10.2019)

CEX user interface: the home page in English

What is CEX in a nutshell? It's a trusted, respectable, well established, promising exchange service (trading platform) supporting 12 cryptocurrencies: you can buy and sell coins using 4 fiat currencies (3 banks & payment systems are supported) or exchange one crypto into another here. Exchange service started the business Jul 2014, it's a fully compliant, licensed financial company. Besides the cryptocurrencies exchange, CEX also provides other services, for example, Margin Trading.

The exchange charges moderate fees: 1.0% — 5.0% (according to our statistics, 92% exchanges take higher average fee) and has medium buying limits: $1,000 — $5,000 (in accordance with the statistics we've collected, 89% exchanges allow lower limits for orders). This Trading Platform welcomes customers from 224 countries (including your country: United States!). It serves the US and allows registrations from all the 56 states and territories. According to the feedback from users, customer service is great with knowledgeable and friendly operators; the exchange is almost instant and takes less than 15 minutes! or so. You will have to verify your account (ID Verification, Phone Number Confirmation, Selfie should be normally required) before being able to use the service.

Since 2014, CEX has got a lot of nice testimonials from the customers: just our platform, that was recently launched, has 14 user reviews, 93% of those are positive. The majority of the users value the quality of the customer care, fast order processing, speed of account verification, usability of the user interface, most of all. Our platform assigns the CEX 92/100 rating: it's the great result, higher than 97% of the competition! For example, ieremia76 and RUchange are ranked below, although Changelly (94/100) has better rank among our community members.

Based on all these facts, our verdict is the following: CEX is a legit and perfectly safe place to buy and sell cryptocurrencies, almost an ideal exchange with great feedback we can recommend to our dear visitors!

Overview: is CEX safe?

CEX is the Trading Platform; CEX.IO LTD (dba CEX) started the business in July 2014. The company is based in the United Kingdom with the headquarters located in the London. Official CEX address is 24th Floor One Canada Square, Canary Wharf London E14 5AB. The firm is a licensed MSB, regulated by the FinCEN; it holds the Money Transmission license.

CEX was founded by Oleksandr Lutskevych. Level39 and some others are among the lead investors. CEX CEO is also Oleksandr Lutskevych.

Answering the question how safe is CEX:

CEX is definitely safe! 92/100 rating is rather hard to get, 97% exchanges have lower rating! Let's break down how the CEX exchange got such a rating.
Time in the business: 5 years 4 months
Feedback count: 14
Reviews: 13 positive, 0 negative, 1 neutral
Business model: licensed, fully compliant
Order Speed: fast (less than 5 mins)
Support Quality: good
Verification Speed: slow (up to a day)
UI Usability: good

Overall rating for CEX: 92 / 100

Pros & Cons of CEX

Since CEX is rated very highly by our visitors, it should have a lot of strong sides and just a few downsides. Let's check it out:

  • It's very stable and reliable exchange service operating from 2014.07. Fully compliant and regulated business, service provided by licensed financial company.
  • High purchase and withdrawal limits.
  • A lot of countries are supported! Feel free to check if your country is allowed to register an account.
  • Fast orders processing, according to customers feedback.
  • Friendly, knowledgeable and fast support; customers admire it!
  • Trading platform business model is based on holding the clients funds at the online wallet; such approach has some risks.

Seems that there are not so many cons, but a lot of pros. We hope you will enjoy your experience exchanging at CEX! Try CEX today and let us know how you like it!

Services, CEX Provides

The platform provides the following cryptocurrency exchange-related services:

  • Allows the customers to buy cryptocurrencies with fiat currencies
  • Provides the clients with ways to "cash out" the crypto to fiat currency
  • Helps you to exchange one crypto to another
  • Margin (leveraged) trading; traders can access greater sums of capital than they possess by borrowing it from the exchange

So CEX is something bigger than just a place to exchange digital currency. According to our statistics, 98% of the competition provide less services, many just allow the buying and selling, so this trading platform is among the champions in this field!

Currencies & Payment Systems

CEX provides the service of buying and selling and exchanging 12 digital currencies using fiat currencies and crypto. Besides the fiat-to-crypto conversion and vice versa, it also allows to exchange one cryptocurrency to another. The following cryptocurrencies are available to buy-sell-swap: Bitcoin Cash (BCHABC), Bitcoin (BTC), Bitcoin Gold (BTG), BitTorrent (BTT), Dash (DASH), Ether (ETH), Litecoin (LTC), OmiseGO (OMG), TRON (TRX), Tether (USDT), Stellar (XLM), Ripple (XRP).

There are not much exchanges with so many cryptos supported! If you are not sure, which one of these electronic currencies you are most interested in, you are welcome to read our guides. For example, these: Cryptocurrencies under $1 to invest in 2019.

4 fiat currencies are supported to provide crypto purchase and selling: Euro (EUR), Pound Sterling (GBP), Russian Ruble (RUB), US Dollar (USD). The Trading Platform will let you buy and sell Bitcoins and 11 other cryptos using the following payment systems:

  • Visa & Mastercard. An international payment system (available worldwide) allowing credit/debit cards payments in various currencies. GBP, RUB, EUR and USD payments are available for both buying and selling cryptocurrencies at this exchange. Visa & Mastercard is a popular way to buy BTC and other cryptocurrencies available at 98 exchanges of various types. You are welcome to find the best rate for buying bitcoin with visa & mastercard at our home page!
  • SEPA Transfer. An international payment system (it's available in 46 countries) allowing international bank transfers payments in Euro currency. Just the EUR payments are available for both buying and selling cryptocurrencies at this exchange.
  • SWIFT Transfer. An international payment system (available worldwide) allowing international bank transfers payments in various currencies. EUR, USD and GBP payments are available for both buying and selling cryptocurrencies at this exchange.

CEX fees

The fees you need to pay at this trading platform during the process of buying and selling cryptocurrencies are easier to understand if you break it down like that (note that you can skip the details, jumping to the conclusion):

  1. Deposit/withdrawal fee. Depending on the fiat payment system and currency, it's as follows:
    • €1.0 flat fee for the money withdrawal to SEPA Transfer in Euro.
    • 0% to deposit funds by SEPA Transfer in Euro.
    • 1.0% (but not less than €50.0) for the money withdrawal to SWIFT Transfer in Euro.
    • 1.0% (but not less than $50.0) for the money withdrawal to SWIFT Transfer in US Dollar.
    • 0% to deposit funds by SWIFT Transfer in Pound Sterling.
    • 0% to deposit funds by SWIFT Transfer in US Dollar.
    • 0% to deposit funds by SWIFT Transfer in Euro.
    • 1.0% (but not less than £50.0) for the money withdrawal to SWIFT Transfer in Pound Sterling.
    • 2.5% + ₽30.0 for the money withdrawal to Visa & Mastercard in Russian Ruble.
    • 2.99% to deposit funds by Visa & Mastercard in US Dollar.
    • 3.0% + $1.2 for the money withdrawal to Visa & Mastercard in US Dollar.
    • 2.99% to deposit funds by Visa & Mastercard in Euro.
    • 3.0% + €1.5 for the money withdrawal to Visa & Mastercard in Euro.
    • 2.99% to deposit funds by Visa & Mastercard in Pound Sterling.
    • 3.0% + £2.1 for the money withdrawal to Visa & Mastercard in Pound Sterling.
    • 5.0% + ₽15.57 to deposit funds by Visa & Mastercard in Russian Ruble.
  2. Trading fee. This trading platform charges the following when you make the funds transfer:
    • 0.25% of the exchange amount, whatever fiat or crypto currency you exchange.
  3. Cryptocurrency withdrawal fee. Please note that this fee applies only when you transfer the crypto 'out': to your own wallet, to someone else, etc.!
    • 0.000500 BTC when you purchase Bitcoins
    • the usual transaction fee in the according crypto, when you are buying: BCHABC, BTG, BTT, DASH, ETH, LTC, OMG, TRX, USDT, XLM, XRP.

Are CEX fees high or low?

Now it's time to draw a conclusion: CEX charges moderate fees. According to our statistics, most of the exchanges charges about the same fees CEX does. For example, an average fee you pay to buy Bitcoin with Visa & Mastercard in USD across various exchange brokers, trading platforms, p2p marketplaces and e-wallets is 26%, CEX charges 2.99% for this. Seems fair!

Buying and selling limits

This Trading Platform has the following limits, applicable when you buy or sell cryptocurrencies (there are no limits on crypto-to-crypto swaps):

  1. Purchase limits (when you buy crypto).
    • €1,000 minimal buy when using SEPA Transfer in Euro.
    • £1,000 minimal buy and £100,000 max purchase when using SWIFT Transfer in Pound Sterling.
    • $1,000 minimal buy when using SWIFT Transfer in US Dollar.
    • €1,000 minimal buy when using SWIFT Transfer in Euro.
    • $20 minimal buy and $10,000 max purchase when using Visa & Mastercard in US Dollar.
    • €20 minimal buy and €10,000 max purchase when using Visa & Mastercard in Euro.
    • £15 minimal buy and £7,500 max purchase when using Visa & Mastercard in Pound Sterling.
    • ₽1,200 minimal buy and ₽600,000 max purchase when using Visa & Mastercard in Russian Ruble.
  2. Withdrawal limits (when you out-exchange crypto to the fiat money).
    • €100 min when receiving money to SEPA Transfer in Euro.
    • €1,000 min and €200,000 maximal withdrawal when receiving money to SWIFT Transfer in Euro.
    • $1,000 min and $200,000 maximal withdrawal when receiving money to SWIFT Transfer in US Dollar.
    • £1,000 min and £200,000 maximal withdrawal when receiving money to SWIFT Transfer in Pound Sterling.
    • ₽1,200 min and ₽75,000 maximal withdrawal when receiving money to Visa & Mastercard in Russian Ruble.
    • $20 min and $5,000 maximal withdrawal when receiving money to Visa & Mastercard in US Dollar.
    • €20 min and €5,000 maximal withdrawal when receiving money to Visa & Mastercard in Euro.
    • £15 min and £3,750 maximal withdrawal when receiving money to Visa & Mastercard in Pound Sterling.

And the good news: there are no limits on other payment systems (the limitations the payment system has aside) CEX supports! Comparing to other exchanges, CEX has medium buying and selling limits; it's rather convenient, although there are some other ones with higher max.

Supported countries

Platform allows the users from 224 countries to use the exchange. The following countries are supported by the trading platform:

  • Aland Islands (AX)
  • Albania (AL)
  • American Samoa (AS)
  • Andorra (AD)
  • Angola (AO)
  • Anguilla (AI)
  • Antarctica (AQ)
  • Antigua & Barbuda (AG)
  • Argentina (AR)
  • Armenia (AM)
  • Aruba (AW)
  • Ascension Island (AC)
  • Australia (AU)
  • Austria (AT)
  • Azerbaijan (AZ)
  • Bahamas (BS)
  • Bahrain (BH)
  • Barbados (BB)
  • Belarus (BY)
  • Belgium (BE)
  • Belize (BZ)
  • Benin (BJ)
  • Bermuda (BM)
  • Bhutan (BT)
  • Botswana (BW)
  • Bouvet Island (BV)
  • Brazil (BR)
  • British Indian Ocean Territory (IO)
  • British Virgin Islands (VG)
  • Brunei (BN)
  • Bulgaria (BG)
  • Burkina Faso (BF)
  • Cameroon (CM)
  • Canada (CA)
  • Canary Islands (IC)
  • Cape Verde (CV)
  • Caribbean Netherlands (BQ)
  • Cayman Islands (KY)
  • Ceuta & Melilla (EA)
  • Chad (TD)
  • Chile (CL)
  • China (CN)
  • Christmas Island (CX)
  • Cocos (Keeling) Islands (CC)
  • Colombia (CO)
  • Comoros (KM)
  • Congo - Brazzaville (CG)
  • Cook Islands (CK)
  • Costa Rica (CR)
  • Croatia (HR)
  • Curaçao (CW)
  • Cyprus (CY)
  • Czech Republic (CZ)
  • Côte d’Ivoire (CI)
  • Denmark (DK)
  • Diego Garcia (DG)
  • Djibouti (DJ)
  • Dominica (DM)
  • Dominican Republic (DO)
  • Egypt (EG)
  • El Salvador (SV)
  • Equatorial Guinea (GQ)
  • Eritrea (ER)
  • Estonia (EE)
  • Falkland Islands (FK)
  • Faroe Islands (FO)
  • Fiji (FJ)
  • Finland (FI)
  • France (FR)
  • French Guiana (GF)
  • French Polynesia (PF)
  • French Southern Territories (TF)
  • Gabon (GA)
  • Gambia (GM)
  • Georgia (GE)
  • Germany (DE)
  • Ghana (GH)
  • Gibraltar (GI)
  • Greece (GR)
  • Greenland (GL)
  • Grenada (GD)
  • Guadeloupe (GP)
  • Guam (GU)
  • Guatemala (GT)
  • Guernsey (GG)
  • Guinea (GN)
  • Guinea-Bissau (GW)
  • Guyana (GY)
  • Haiti (HT)
  • Heard Island and McDonald Islands (HM)
  • Honduras (HN)
  • Hong Kong SAR China (HK)
  • Hungary (HU)
  • India (IN)
  • Indonesia (ID)
  • Ireland (IE)
  • Isle of Man (IM)
  • Israel (IL)
  • Italy (IT)
  • Jamaica (JM)
  • Japan (JP)
  • Jersey (JE)
  • Jordan (JO)
  • Kazakhstan (KZ)
  • Kenya (KE)
  • Kiribati (KI)
  • Kosovo (XK)
  • Kuwait (KW)
  • Kyrgyzstan (KG)
  • Latvia (LV)
  • Lesotho (LS)
  • Liberia (LR)
  • Liechtenstein (LI)
  • Lithuania (LT)
  • Luxembourg (LU)
  • Macau SAR China (MO)
  • Macedonia (MK)
  • Madagascar (MG)
  • Malawi (MW)
  • Malaysia (MY)
  • Maldives (MV)
  • Mali (ML)
  • Malta (MT)
  • Marshall Islands (MH)
  • Martinique (MQ)
  • Mauritania (MR)
  • Mauritius (MU)
  • Mayotte (YT)
  • Mexico (MX)
  • Micronesia (FM)
  • Moldova (MD)
  • Monaco (MC)
  • Mongolia (MN)
  • Montenegro (ME)
  • Montserrat (MS)
  • Mozambique (MZ)
  • Myanmar (Burma) (MM)
  • Namibia (NA)
  • Nauru (NR)
  • Netherlands (NL)
  • New Caledonia (NC)
  • New Zealand (NZ)
  • Nicaragua (NI)
  • Niger (NE)
  • Nigeria (NG)
  • Niue (NU)
  • Norfolk Island (NF)
  • North Korea (KP)
  • Northern Mariana Islands (MP)
  • Norway (NO)
  • Oman (OM)
  • Palau (PW)
  • Palestinian Territories (PS)
  • Panama (PA)
  • Papua New Guinea (PG)
  • Paraguay (PY)
  • Peru (PE)
  • Philippines (PH)
  • Pitcairn Islands (PN)
  • Poland (PL)
  • Portugal (PT)
  • Puerto Rico (PR)
  • Qatar (QA)
  • Romania (RO)
  • Russia (RU)
  • Rwanda (RW)
  • Réunion (RE)
  • Samoa (WS)
  • San Marino (SM)
  • Saudi Arabia (SA)
  • Senegal (SN)
  • Serbia (RS)
  • Seychelles (SC)
  • Sierra Leone (SL)
  • Singapore (SG)
  • Sint Maarten (SX)
  • Slovakia (SK)
  • Slovenia (SI)
  • Solomon Islands (SB)
  • South Africa (ZA)
  • South Georgia & South Sandwich Islands (GS)
  • South Korea (KR)
  • Spain (ES)
  • Sri Lanka (LK)
  • St. Barthélemy (BL)
  • St. Helena (SH)
  • St. Lucia (LC)
  • St. Martin (MF)
  • St. Pierre & Miquelon (PM)
  • St. Vincent & Grenadines (VC)
  • Suriname (SR)
  • Svalbard & Jan Mayen (SJ)
  • Swaziland (SZ)
  • Sweden (SE)
  • Switzerland (CH)
  • São Tomé & Príncipe (ST)
  • Taiwan (TW)
  • Tajikistan (TJ)
  • Tanzania (TZ)
  • Thailand (TH)
  • Timor-Leste (TL)
  • Togo (TG)
  • Tokelau (TK)
  • Tonga (TO)
  • Trinidad & Tobago (TT)
  • Tristan da Cunha (TA)
  • Tunisia (TN)
  • Turkey (TR)
  • Turkmenistan (TM)
  • Turks & Caicos Islands (TC)
  • Tuvalu (TV)
  • U.S. Outlying Islands (UM)
  • U.S. Virgin Islands (VI)
  • Ukraine (UA)
  • United Arab Emirates (AE)
  • United Kingdom (GB)
  • United States (US)
  • Uruguay (UY)
  • Uzbekistan (UZ)
  • Vatican City (VA)
  • Venezuela (VE)
  • Wallis & Futuna (WF)
  • Western Sahara (EH)
  • Zambia (ZM)

Does CEX allow the users from United States (US)?

USA flag

Yes, CEX allows the registrations from the United States! Trading Platform permits the users from 56 states and territories to register at and use the services exchange provides:

  • Alabama (AL)
  • Alaska (AK)
  • American Samoa (AS)
  • Arizona (AZ)
  • Arkansas (AR)
  • California (CA)
  • Colorado (CO)
  • Connecticut (CT)
  • Delaware (DE)
  • District of Columbia (DC)
  • Florida (FL)
  • Georgia (GA)
  • Guam (GU)
  • Hawaii (HI)
  • Idaho (ID)
  • Illinois (IL)
  • Indiana (IN)
  • Iowa (IA)
  • Kansas (KS)
  • Kentucky (KY)
  • Louisiana (LA)
  • Maine (ME)
  • Maryland (MD)
  • Massachusetts (MA)
  • Michigan (MI)
  • Minnesota (MN)
  • Mississippi (MS)
  • Missouri (MO)
  • Montana (MT)
  • Nebraska (NE)
  • Nevada (NV)
  • New Hampshire (NH)
  • New Jersey (NJ)
  • New Mexico (NM)
  • New York (NY)
  • North Carolina (NC)
  • North Dakota (ND)
  • Northern Mariana Islands (MP)
  • Ohio (OH)
  • Oklahoma (OK)
  • Oregon (OR)
  • Pennsylvania (PA)
  • Puerto Rico (PR)
  • Rhode Island (RI)
  • South Carolina (SC)
  • South Dakota (SD)
  • Tennessee (TN)
  • Texas (TX)
  • U.S. Virgin Islands (VI)
  • Utah (UT)
  • Vermont (VT)
  • Virginia (VA)
  • Washington (WA)
  • West Virginia (WV)
  • Wisconsin (WI)
  • Wyoming (WY)

It's possible to use the USD currency to buy/sell 12 cryptocurrencies at the CEX: 2 banks and payment systems totally (out of the 3 the trading platform supports, that's 67% of all the available ones) can be used by people from the U.S.A.:

  • SWIFT Transfer
  • Visa & Mastercard

Customer service

According to the community and the exchange users' testimonials, the support team of CEX is friendly, knowledgeable, works fast, etc. The analysis of reviews is the following:

Perfect: 4 votes
Good: 0 votes
Average: 0 votes
Not so good: 0 votes
Poor: 0 votes

Verification at CEX

The trading platform requires it's clients to pass through obligatory user identification (account verification). The following procedures should be completed before the client will be able to buy and sell on the exchange:

  • ID verification
  • Phone confirmation
  • Selfie

The exchange strictly follows the KYC (Know Your Client) policies and does extra due diligence. Compliance department (the one taking care of user identification process) may ask a lot of additional information and documents during the account verification.

According to the data submitted by the customers with the reviews and testimonials, the average time the account verification takes is up to a day. The feedback is the following:

Verification is instant: 0 votes
Process takes less than 5 minutes: 0 votes
Verification is ready in 5-15 mins: 0 votes
It takes up to an hour to pass through the identification: 1 votes
KYC is usually completed in few hours: 2 votes
It takes up to 24 hours to verify your account: 1 votes
Verification process takes few days: 0 votes
User identification takes over a week: 0 votes

Although it's not the best result in the money exchange business, it's not so bad. After all, you have to pass through the user identification only once!

Deposit/withdrawal speed

Although the exchange process is fully automated on any e-wallet or trading platform, you may face some delay when you send the money "outside", i.e. say you are withdrawing the BTC you purchased to your personal wallet. Let's see what other cryptocurrency enthusiasts say about how fast is CEX!

Exchange is instant, zero delay: 2 votes
It's near instant, process takes less than 5 minutes: 1 votes
Order should be ready in 5-15 mins: 2 votes
It may take up to an hour to get your funds: 0 votes
Orders are completed during few hours: 0 votes
It takes up to 24 hours to get your money: 0 votes
Exchange may take a few days: 0 votes
The delay can be over a week: 0 votes

Is CEX instant?

So, what can we see? According to the feedback we got from other users of this trading platform worldwide, CEX is almost instant, processing orders very fast: it delivers the funds in 15 minutes max! That's great to know!

Customers' testimonials

Our users left 14 testimonials about their experience dealing with CEX, 93% of the testimonials are positive, 7% are neutral and there are 0 negative ones. Feel free to read as many of these as you like!

BearH., 1 testimonials
@ 22 Oct 2019
ALFA8., 1 testimonials
@ 27 Sep 2019
Cokeman, 1 testimonials
@ 23 Sep 2019
MarioBros, 1 testimonials
@ 22 Sep 2019
Anonymous user, ? testimonials
@ 15 Sep 2019
CardiB., 5 testimonials
@ 14 Sep 2019
AntonioN., 3 testimonials
@ 13 Sep 2019
SatoshiN., 71 testimonials
@ 06 Sep 2019
No more testimonials to show. The rest are either outdated or written in other languages. If you have any experience dealing with CEX, can you please leave your testimonial? Thanks!

Although the user reviews of CEX are not the best-of-the-best, 93% positive ones is definitely a good result! Most likely, your experience doing business with this trading platform will be worthwhile, and who knows, maybe it will turn out that for you this exchange is #1!

FAQ about CEX

Does CEX holds my funds?

Yes, it does. Although you can always withdraw the funds to your e-currency wallet "by default" CEX holds your balance at it's own hot storage wallet. This is the standard practice for all the trading platforms, although we recommend to keep only the funds you need for the trading at the exchange.

Is CEX a good trading platform?

According to our rating and the clients' testimonials, it is! Feel free to get acquainted with the details reading this review or just jump to the conclusion!

Is CEX licensed? Does it hold e-money license?

Yes, CEX.IO LTD (entity doing business as CEX exchange) is licenced and regulated financial company. It holds Money Transmission license and is regulated by the FinCEN of the United Kingdom.

Does CEX provides Margin Trading?

It does. Margin trading is possible at CEX; if you wish to, you may trade with leverage here!

Is CEX a ripoff?

It definitely isn't! Feel free to read the whole this review to understand why or check our conclusion: is CEX legit or scam.

Is CEX licensed in the US?

CEX is registered as MSB (Money Service Business) in FinCEN as a foreign Money Transmitter, and is allowed to serve customers, residing in the following states: Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District Of Columbia, Indiana, Kentucky, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nevada, Pennsylvania, Rhode Island, South Carolina, Utah, West Virginia, Wisconsin

CEX vs other exchanges

Let's compare CEX to other similar exchange services with similar features: others of trading platform type mostly. Besides, seems reasonable to compare the platform with the exchanges having similar rating and serving (mostly) the same geographic, etc. Remember that if you wish to find the exchange offering the best price to buy/sell Bitcoin and 33 other cryptos, check the best rates to buy bitcoin and crypto in United States!

CEX vs Binance

Let's compare the key features of these two platforms to see which one suits you best:

  • Binance is a trading platform CEX is a trading platform, both are using the same business model.
  • Binance had started the business April 2017 CEX started the business July 2014 (CEX operates 2 years and 9 months longer).
  • Binance has all the required business licenses and permissions CEX has all the required business licenses and permissions (both exchange services operate using the same approach to the business, utilizing a same legal model).
  • Besides the crypto to crypto exchange, Binance provides the following extra services: Mobile wallet, Lending and the Margin Trading CEX provides the same number of services as Binance: it allows us to purchase and sell digital currencies, swap cryptocoins and tokens, and besides that: Margin Trading.
  • Binance supports 31 cryptocurrencies CEX allows to exchange 12 cryptos (CEX supports 19 cryptocurrencies less).
  • Binance doesn't have any fiat currencies supported You'll be able to use 4 fiat currencies to swap with digital ones at CEX (CEX supports 4 fiat currencies more).
  • Binance doesn't allow any fiat payments CEX allows the user to utilize 3 various fiat payment systems and/or banks (CEX supports 3 fiat payment systems and banks more).
  • Binance charges 0.0% fee CEX charges the client 1.0% — 5.0% fee, depending on the currency, payment system, etc. (CEX has higher fees, generally).
  • Binance allows registrations from 255 countries; United States is among the supported ones You may register at CEX if you reside in one of 224 countries; it serves United States among others (CEX supports less countries).
  • During the account verification Binance usually asks for 1 document / procedure: (selfie) User identification at CEX usually consists of 3 different procedures: id verification, phone confirmation, selfie and the process usually takes up to a day (CEX 's KYC policy requires the customer to take less actions or to provide less data).
  • Our users left 17 testimonials about Binance, 94% of which are positive We've collected 14 users testimonials about CEX, 93% are positive (CEX was rated lower by the community).

Although the final decision, which exchange — Binance or CEX — is better is up to you, we'll try to help you with the decision. Both exchanges are great, although CEX has a better total rating 92 vs Binance's 90, we recommend you to look at the list above and decide, what is most important for you!

If you feel like need more comparison versus other exchanges, feel free to check these:

CEX vs BitBay

Let's compare the key features of these two platforms to see which one suits you best:

  • BitBay is a trading platform CEX is a trading platform, both are using the same business model.
  • BitBay had started the business March 2014 CEX started the business July 2014 (BitBay is working for 3 months longer time).
  • BitBay has all the required business licenses and permissions CEX has all the required business licenses and permissions (both exchange services operate using the same approach to the business, utilizing a same legal model).
  • Besides buying, selling and exchanging cryptocurrencies, BitBay provides the following extra services: Merchant Services, OTC trading and the Fiat to Fiat Currencies Trading & Exchange CEX provides us with less services, related to the crypto exchange: it allows us to purchase and sell digital currencies, swap cryptocoins and tokens, and besides that: Margin Trading.
  • BitBay supports 16 cryptocurrencies CEX allows to exchange 12 cryptos (CEX supports 4 cryptocurrencies less).
  • 4 fiat currencies are available at BitBay You'll be able to use 4 fiat currencies to swap with digital ones at CEX (CEX & BitBay support the same number of fiat currencys).
  • BitBay accepts deposits from and allows withdrawals to 5 fiat payment systems / banks CEX allows the user to utilize 3 various fiat payment systems and/or banks (CEX supports 2 banks and fiat payment systems less).
  • BitBay charges 0.25% — 2.0% fee CEX charges the client 1.0% — 5.0% fee, depending on the currency, payment system, etc. (CEX has higher fees, generally).
  • BitBay allows registrations from 254 countries; we are sorry, but United States is not supported this time You may register at CEX if you reside in one of 224 countries; it serves United States among others (CEX supports less countries).
  • During the account verification BitBay usually asks for 2 documents and/or procedures: (id verification, phone confirmation) User identification at CEX usually consists of 3 different procedures: id verification, phone confirmation, selfie and the process usually takes up to a day (CEX 's KYC policy requires the customer to take less actions or to provide less data).

Although the final decision, which exchange — BitBay or CEX — is better is up to you, we'll try to help you with the decision. Both exchanges are great, since at least one of them is not yet rated at our platform, we recommend you to look at the list above and decide, what is most important for you!

If you feel like need more comparison versus other exchanges, feel free to check these:

CEX vs ieremia76

Let's compare the key features of these two platforms to see which one suits you best:

  • ieremia76 is a broker CEX is a trading platform, it has a different business model (feel free to read about the differences between broker and trading platform)
  • ieremia76 had started the business October 2016 CEX started the business July 2014 (CEX operates 2 years and 2 months longer).
  • ieremia76 operates without a business registration or there is no information available about it CEX has all the required business licenses and permissions (CEX utilizes a safer and more stable business model).
  • Besides buying and selling cryptocurrencies, ieremia76 provides no extra services CEX provides more exchange-related services: it allows us to purchase and sell digital currencies, swap cryptocoins and tokens, and besides that: Margin Trading.
  • ieremia76 supports 5 cryptocurrencies CEX allows to exchange 12 cryptos (CEX supports 7 cryptocurrencies more).
  • 2 fiat currencies are available at ieremia76 You'll be able to use 4 fiat currencies to swap with digital ones at CEX (CEX supports 2 fiat currencies more).
  • ieremia76 accepts deposits from and allows withdrawals to 16 fiat payment systems / banks CEX allows the user to utilize 3 various fiat payment systems and/or banks (CEX supports 13 banks and fiat payment systems less).
  • ieremia76 charges 5% — 41% fee CEX charges the client 1.0% — 5.0% fee, depending on the currency, payment system, etc. (CEX has lower fees in general).
  • Buying limits at ieremia76 start from $2 and are up to $219 Deposit/withdraw limits at CEX are $1,000 — $5,000 depending on the payment method (CEX has higher buying/selling limits).
  • ieremia76 allows registrations from 255 countries; United States is among the supported ones You may register at CEX if you reside in one of 224 countries; it serves United States among others (CEX supports less countries).
  • ieremia76 allows the user to be anonymous, there is no account verification, etc. User identification at CEX usually consists of 3 different procedures: id verification, phone confirmation, selfie and the process usually takes up to a day (CEX 's compliance program requires the client to take more actions or to provide more data).
  • Our users left 5 testimonials about ieremia76, 100% of which are positive We've collected 14 users testimonials about CEX, 93% are positive (CEX was rated lower by the community).

Although the final decision, which exchange — ieremia76 or CEX — is better is up to you, we'll try to help you with the decision. Both exchanges are great, although CEX has a better total rating 92 vs ieremia76's 90, we recommend you to look at the list above and decide, what is most important for you!

If you feel like need more comparison versus other exchanges, feel free to check these:

CEX vs RUchange

Let's compare the key features of these two platforms to see which one suits you best:

  • RUchange is a broker CEX is a trading platform, it has a different business model (feel free to read about the differences between broker and trading platform)
  • RUchange had started the business November 2015 CEX started the business July 2014 (CEX operates 1 years and 4 months longer).
  • RUchange operates without a business registration or there is no information available about it CEX has all the required business licenses and permissions (CEX utilizes a safer and more stable business model).
  • Besides the digital currencies exchange, RUchange provides no extra services CEX provides more exchange-related services: it allows us to purchase and sell digital currencies, swap cryptocoins and tokens, and besides that: Margin Trading.
  • RUchange doesn't have any fiat currencies supported You'll be able to use 4 fiat currencies to swap with digital ones at CEX (CEX supports 4 fiat currencies more).
  • RUchange doesn't allow any fiat payments CEX allows the user to utilize 3 various fiat payment systems and/or banks (CEX supports 3 fiat payment systems and banks more).
  • RUchange allows registrations from 255 countries; United States is among the supported ones You may register at CEX if you reside in one of 224 countries; it serves United States among others (CEX supports less countries).
  • During the account verification RUchange usually asks for some (it depends) documents and/or procedures User identification at CEX usually consists of 3 different procedures: id verification, phone confirmation, selfie and the process usually takes up to a day (CEX 's KYC policy requires the customer to take less actions or to provide less data).
  • Our users left 1 testimonials about RUchange, 100% of which are positive We've collected 14 users testimonials about CEX, 93% are positive (CEX was rated lower by the community).

Although the final decision, which exchange — RUchange or CEX — is better is up to you, we'll try to help you with the decision. Both exchanges are great, although CEX has a better total rating 92 vs RUchange's 90, we recommend you to look at the list above and decide, what is most important for you!

If you feel like need more comparison versus other exchanges, feel free to check these:

CEX vs Changelly

Let's compare the key features of these two platforms to see which one suits you best:

  • Changelly is a broker CEX is a trading platform, it has a different business model (feel free to read about the differences between broker and trading platform)
  • Changelly had started the business December 2013 CEX started the business July 2014 (Changelly is working for 6 months longer time).
  • Changelly has all the required business licenses and permissions CEX has all the required business licenses and permissions (both exchange services operate using the same approach to the business, utilizing a same legal model).
  • Besides the crypto to crypto exchange, Changelly provides no extra services CEX provides more exchange-related services: it allows us to purchase and sell digital currencies, swap cryptocoins and tokens, and besides that: Margin Trading.
  • Changelly supports 29 cryptocurrencies CEX allows to exchange 12 cryptos (CEX supports 17 cryptocurrencies less).
  • Changelly doesn't have any fiat currencies supported You'll be able to use 4 fiat currencies to swap with digital ones at CEX (CEX supports 4 fiat currencies more).
  • Changelly doesn't allow any fiat payments CEX allows the user to utilize 3 various fiat payment systems and/or banks (CEX supports 3 fiat payment systems and banks more).
  • Changelly allows registrations from 242 countries; we are sorry, but United States is not supported this time You may register at CEX if you reside in one of 224 countries; it serves United States among others (CEX supports less countries).
  • Our visitors rated customer care at the Changelly 5.0 / 5.0 Customers' service at CEX exchange was rated 4.0 / 5.0 by our visitors (CEX customer care was rated less).
  • Changelly allows the user to be anonymous, there is no account verification, etc. User identification at CEX usually consists of 3 different procedures: id verification, phone confirmation, selfie and the process usually takes up to a day (CEX 's compliance program requires the client to take more actions or to provide more data).
  • Due to results of community feedback, Changelly process deposit/withdrawal orders in about a couple of seconds, in fact — instantly, without any delay; everything is automated Due to results of community feedback, CEX process deposit/withdrawal orders in about in couple of minutes (although the exchange itself is instant) (CEX processes deposits and withdrawals slower).
  • Our users left 17 testimonials about Changelly, 94% of which are positive We've collected 14 users testimonials about CEX, 93% are positive (CEX was rated lower by the community).

Although the final decision, which exchange — Changelly or CEX — is better is up to you, we'll try to help you with the decision. Both exchanges are great, although CEX has a lower total rating 92 vs Changelly with 94, we recommend you to look at the list above and decide, what is most important for you!

If you feel like need more comparison versus other exchanges, feel free to check these:

Conclusion: is CEX legit or scam?

Now it's time to draw a conclusion, is CEX a scam or is it a legit exchange? We are 100% sure CEX is a trusted, legit exchange with great reputation in the community. There is no way it can be called a scam! Let's summarize what we like most (and what we don't) about the CEX:

  • It is licensed, regulatory compliant financial company
  • The trading platform holds users' funds
  • This company has being in the business for a long time; exchange was started 5 years and 4 months ago
  • Exchange supports 12 cryptocurrencies and 4 fiat ones (totally 3 payment systems / banks are available). Besides buying, selling and exchanging digital currencies, the following services are available: Margin Trading
  • It charges moderate fees: from 1.0% to 5.0% depending on the payment method
  • The purchase and withdrawal limits are medium: from $1,000 to $5,000 USD, it depends on a payment system choice
  • CEX allows registrations from 224 countries; people from United States may use the service
  • Customers' testimonials are rather good, 7% (1 of 14) are neutral or negative. According to the customers feedback:
    • Customer support is good
    • Deposits and withdrawals are very fast
    • Verification is rather fast

Overall rating for CEX: 92 / 100