A trading cryptocurrency guide must provide reviews of all of the top crypto exchanges out there, so that you can find the best cryptocurrency exchange site for you. This review of C-CEX consists of four parts: general information, fees, deposit methods and security.
C-CEX is a Russian cryptocurrency exchange. It feels unfair tospeak about a Russian cryptocurrency exchange without also mentioning YoBit, one of the first to ever exist. So there, now it’s mentioned.
There has been a lot of complaints from the cryptocommunity regarding C-CEX. It started with this Bitcointalk-thread, where it was alleged that C-CEX themselves interfered with the trading. The accusations continued with a lot of Bitcointalk-users reported that they had been banned from the chatbox when raising questions about C-CEX and its business. Nobody from the team has come forward to meet the allegations. As a matter of fact, nobody even know who the team behind C-CEX is.
We don’t know about you but in our view, this trading chart is a nightmare.
C-CEX Trading fees
The one thing we can’t stress enough is that you must always ascertain the trading fees at any exchange you are interested in. This is one of the exchanges that doesn’t separate between takers (liquidity stealers) and makers (liquidity creators). Instead, this exchange offers flat trading fees of 0.20%. For investors who prefer to pick-up existing orders from the order book, this might be an attractive trading fee model.
C-CEX Withdrawal fees
This cryptocurrency exchange charges a withdrawal fee amounting to 0.002 BTC when you withdraw BTC. This is in line with industry average, maybe slightly on the higher end of the spectrum.
C-CEX offers wire transfer as a deposit method, but you can’t deposit via credit card. This of course negative news to you if you would prefer to use your credit card for any reason.
C-CEX’s security score is F, when performing the test at Observatory by Mozilla (https://observatory.mozilla.org/). This is below industry average when it comes to top crypto exchanges.
Also, there has been a lot of reports on funds being transferred from user accounts in small amounts, without any such accounts being compromised. As the transfers were not initiated by the users themselves, suspicions can with some justification be directed towards the exchange.
All in all, we would be very careful when trading at this exchange. Based on the feedback from the cryptocommunity, you should stay away.
The exchange reviewed above is what we call an “entry-level exchange”. This means that this exchange also makes it possible for someone to enter the cryptocurrency market with fiat currency. There are numerous entry-level exchanges out there, including (but not limited to):