CEX.IO vs Nexo

CEX.IO vs Nexo Comparison Table 2023
CEX.IO Review 2023 Nexo Review 2023
3.7

CEX.IO is #13 in our crypto broker rankings.

3.9

Nexo is #22 in our crypto broker rankings.

United States Flag Traders from US accepted
United States Flag Traders from US accepted

CEX.IO is one-stop-shop for crypto investors where you can buy and sell popular digital tokens, speculate on prices with margin trading and earn rewards through staking. Since it launched in 2013, more than five million traders have deposited over $7.5 billion. CEX.IO is registered with the FinCEN in the US and the GFSC in the EU.

Nexo is a crypto trading platform that also acts as a gateway to DeFi crypto functions such as staking, borrowing and lending. The platform supports 60+ crypto tokens, which can be purchased with a fiat on-ramp and traded in 500+ market pairs. The exchange operates a zero-fee policy allowing a set number of completely free withdrawals per month and fee-free trading.

Bonus Offer
Loyalty scheme with various bonuses, plus referral program
Comment by Reviewer
"CEX.IO will serve a range of crypto investors looking to buy, sell, trade, hold and earn. The tiered pricing structure will appeal to active traders while rookie investors will enjoy the straightforward platform interface and excellent education." "Nexo is good for traders who want a straightforward way to access DeFi crypto markets and earn interest on their digital assets."
Pros
  • Low pricing with 0.01% taker and 0% maker fees for high-volume traders
  • High quality educational materials through the University
  • 24/7 support with fast response times during tests
  • Wide range of payment methods including PayPal
  • Trusted crypto exchange with 5+ million users
  • 200+ cryptocurrencies including Bitcoin
  • Charting package from TradingView
  • Low minimum deposit of $20
  • Crypto leverage up to 1:3
  • Convenient way to buy, stake, lend and borrow crypto through one platform
  • Allows users to borrow against their crypto holdings
  • 2 factor authentication for added security
  • Advanced Nexo Pro trading platform
  • Referral program with $25 in BTC
  • Very affordable pricing structure
  • High-yield interest savings
  • OTC trading capabilities
  • Audited by Armanino
  • Earn NEXO tokens
Cons
  • A maintenance fee applies after 12 months of no activity
  • Cluttered interface on Exchange Plus
  • High deposit and withdrawal fees
  • Limited regulatory oversight
  • No demo account
  • Restrictions on using the native tokens for New York and Vermont US residents
  • High collateral requirement of 200% of the amount you wish to loan
  • Relatively small selection of crypto tokens which misses newer altcoins
  • Native tokens are required for maximum interest rates
  • Limited free cryptocurrency withdrawals
  • No crypto derivative trading
Awards
  • Most Secure Bitcoin and Cryptocurrency Exchange Platform 2023, World Business Outlook
  • Leading Cryptocurrency Exchange Platform 2023, World Business Outlook
  • Best Cryptocurrency Exchange Platform 2023, Global Brands Magazine
Instruments
Crypto Cryptos
Demo Account
No Yes
Minimum Deposit
$20 $10
Trading Platforms
  • TradingView
  • Own
Payment Methods
Minimum Trade
$1 $30
Regulator
GFSC ASIC, FCEN
Margin Trading
Yes No
STP Account
No No
ECN Account
No No
DMA Account
No No
MAM Account
No No
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
Yes No
Market Maker
No No
P2P Trading
No No
Spot Trading
Yes No
Mobile Apps
iOS & Android iOS & Android
Auto Trading
Yes - through APIs
Copy Trading
No No
Social Trading
No No
VPS Hosting
No No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Islamic Account
No No
Account Currencies
  • USD
  • EUR
  • GBP
  • USD
  • EUR
  • GBP
Cryptocurrency
CEX.IO offers hundreds of popular cryptocurrencies including big names like Bitcoin, Ethereum and Litecoin. The trading platform is well-designed with sophisticated charting and analysis tools. Traders can also reduce their monthly volumes through the tiered pricing structure. Nexo traders can buy and sell 60+ cryptocurrencies using fiat, or trade between 500+ market pairs. The app functions as a crypto wallet, meaning that clients will own their own tokens but Nexo will have custody of them. Crypto assets can be transferred from the Nexo wallet. Fees are low and user security is high.
Spread
0.15% maker & 0.25% taker (Standard) N/A
Coins
  • ZRX
  • 1INCH
  • AAVE
  • BTC
  • BCH
  • ADA
  • LINK
  • COMP
  • ATOM
  • DAI
  • DOGE
  • ETH
  • GUSD
  • ICP
  • LTC
  • LRC
  • MATIC
  • MKR
  • DOT
  • SHIB
  • SOL
  • XLM
  • SUSHI
  • SNX
  • USDT
  • XTZ
  • USDC
  • UNI
  • WBTC
  • ZIL
  • BTC
  • ETH
  • NEXO
  • USDT
  • USDC
  • AXS
  • RUNE
  • MATIC
  • DOT
  • APE
  • AVAX
  • KSM
  • ATOM
  • FTM
  • NEAR
  • BNB
  • ADA
  • SOL
  • XRP
  • LTC
  • LINK
  • BCH
  • TRX
  • XLM
  • EOS
  • PAXG
  • UNI
  • DOGE
  • MANA
  • SAND
  • GALA
  • SUSHI
  • AAVE
  • CRV
  • MKR
  • 1INCH
  • DAI
  • USDP
  • TUSD
Crypto Lending
Yes Yes
Crypto Mining
Yes No
Crypto Staking
Yes Yes
Auto Market Maker
No No
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