OVERVIEW
CEX.IO, established in 2013, was created to provide a bridge between fiat money and cryptocurrencies through a simplified and trustworthy platform. It caters mainly to cryptocurrency enthusiasts, traders, and investors who are seeking a reliable, easy-to-use platform for buying, selling, trading, and storing cryptocurrencies. Users utilize CEX.IO for its ability to facilitate quick fiat to crypto and crypto to fiat transactions, which is essential for investment diversity and quick liquidity, hence aiding them in managing their crypto portfolios more effectively and seizing market opportunities. In terms of costs, CEX.IO charges various fees depending on the transaction type and volume. This includes a trading fee for both makers and takers, which differs based on the user's 30-day trade volume, with lower fees for higher volume trades. Additionally, there are varying fund withdrawal and deposit fees, which depend on the method of payment (e.g., credit card, bank transfer) and currency. The platform transparently lists these costs on their website to help users effectively calculate the expenses associated with their trading activities.
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