Cex.Io and Coinbase are two of the best crypto exchanges available in UK. In today’s post, we’ve compared the two so you can make the right choice.
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- 24/7 customer support and mobile access
- Low fees
- Limited coin options (CEX.IO offers more tokens)
Cex.Io is an England cryptocurrency trading and exchange platform that was conceived in 2013. It currently offers Bitcoin, Ethereum and 80 other crypto assets for users to buy and sell.
- Solid variety of altcoin choices
- Extremely simple user interface
- High fees when not using Coinbase Pro
Coinbase is a trusted cryptocurrency exchange that was started in 2012. With over 46 different digital currencies, they are one of the most popular exchanges around today, selling and buying all the major coins such as Bitcoin and Ethereum.
Every time you buy, sell, deposit and withdraw, each exchange will charge certain fees. Here’s a comparison of the fees between Cex.Io VS Coinbase.
First you’ll need to deposit your money on the exchange in EUR, GBP, RUB, USD. Cex.Io takes a cut of 2.99% and Coinbase charges a 3.99% fee via debit card for deposits.
Every time you buy crypto, Cex.Io charges a fee of 0.25 and Coinbase charges 0.50%.
When you go to sell your Bitcoin or Crypto Cex.Io charges 0.16 and Coinbase takes a 0.50% cut.
After depositing, buying, selling and withdrawing, Cex.Io is the better option because it’s cheaper.
Cex.Io offers 3 main methods to deposit EUR, GBP, RUB, USD:
Bank transfer, Credit card, Cryptocurrency, SWIFT, SEPA, Faster Payments (FPS)
The daily limit is $20 per day which most people shouldn’t be concerned about hitting as it’s more than enough for the average user!
Coinbase allows you transfer funds through their supported payment options which are:
Bank Account, Instant Cashouts, Debit Card, Wire Transfer, PayPal, Apple Pay
Coinbase’s daily deposit limit is $50 (for initial verification).
The bottom line is, Cex.Io is the best choice as they have more deposit methods available which makes it easier to transfer funds.
Cex.Io protects your privacy and security using the following methods:
Protection against DDoS attacks
compliance with PCI DSS standards
cryptocurrency cold storage
Coinbase also has security measures in place and here is what they do to protect your assets:
2FA via SMS or Google Authenticator app
Cold storage and multisignature wallets
KYC and antimoney laundering protections
While both exchanges are secure, it appears that Cex.Io has better security over Coinbase.
Cex.Io mobile app is highly rated by their users with a user rating of 4.6 on the Apple app store. It has a great and easy to use user interface.
While Coinbase does not have an app, it’s website is accessible through a mobile browser.
Cex.Io is your best bet for traders who value a great mobile app.
Both exchanges have great service but if I’d had to pick one overall it would be Cex.Io.
Sign up now using the links below: