When comparing BitFinex vs CEX.IO, the Slant community recommends BitFinex for most people. In the question“What are the best and reliable solutions to store and exchange cryptocurrency outside the US and EU?” BitFinex is ranked 1st while CEX.IO is ranked 3rd. The most important reason people chose BitFinex is:
With a higher volume of trading across the basket of altcoins and cyrptocurrencies, orders are filled faster and at better prices than most other exchanges
Ranked in these QuestionsQuestion Ranking
Pros
Pro Most liquid exchange in the world
With a higher volume of trading across the basket of altcoins and cyrptocurrencies, orders are filled faster and at better prices than most other exchanges
Pro Wide coverage
CEX.IO provides services in 99% countries across the globe, including 24 states in the US.
Except for the following countries which are restricted for credit card purchases: Iceland, Vietnam, Afghanistan, Algeria, Bahrain, Iraq, Kuwait, Lebanon, Libya, Nigeria, Oman, Pakistan, Palestine, Qatar, Saudi Arabia, and Yemen.
The following countries are restricted from buying with bank transfer: Afghanistan, Democratic Republic of the Congo, Côte d’Ivoire, Eritrea, Ethiopia, Guinea-Bissau, Haiti, Iran, Iraq, Kenya, Liberia, Libya, Guinea, São Tomé and Príncipe, Somalia, Sudan, Syria, Tanzania, Tunisia, Turkey, Vietnam, Yemen, Zimbabwe.
CEX.io does NOT support the following US states: Alabama, Alaska, Arizona, Arkansas, Colorado, Florida, Georgia, Guam, Idaho, Iowa, Kansas, Louisiana, Maryland, Michigan, Mississippi, Nebraska, New Hampshire, New Jersey, North Carolina, North Dakota, Ohio, Oregon, Tennessee, Texas, U.S. Virgin Islands, Vermont, Virginia, Washington.
Pro Beginner-friendly
If you want to buy or sell Bitcoins for USD or EUR in a few clicks, all you need to do is choose the number of Bitcoins to buy or sell, and select a respective bundle, or enter a custom amount. Note that you need to fund your account first with fiat money (USD/EUR) or Bitcoins.
Pro Requires very little information for its first tier of verification
In case you want to withdraw fiat funds or increase your deposit and withdrawal limits, you need to verify your identity. Verification at CEX.IO is very simple and intuitive.
Pro Has low fees
You can check the fees for transaction, deposit/withdrawal, and margin trading on this CEX.IO page
Cons
Con Occasional payment problems
Ever since early 2017 payments would randomly not show up or not send at all.
Con Requires extensive verification process to increase buying limits
To increase your daily limits to CEX.IO’s “Verified” level, scans of a passport, driver’s license, or ID are required. In addition, a picture of you holding your ID, a picture holding your credit card, and a document for proof of residency are required.
Verified accounts can purchase up to $10,000 worth of bitcoins per day or up to $100,000 per month via both credit card and bank transfer.