Author: Jonathan Bullmore

Is Cex.io a good crypto exchange in 2020?

Cex.io is a cryptocurrency exchange based in London, UK.

Cex.io has been running solidly serving it’s large and happy 2.8 million customer base since 2013. If you’re looking for a secure platform, somewhere with reasonable fees and an English customer service then you’ve come to the right place. It’s one of the best crypto exchanges in 2020.

4.5/5

The great thing about Cex.io is that it provides an app and a desktop platform for trading. Cex.io is a great platform if you’re a beginner in the cryptocurrency world. You can buy with a credit or debit card and begin investing and trading immediately here.

Deposits

  • Bank transfer incurs a 0% deposit fee.
  • VISA / Mastercard – 2.99%

Cex.io offers competitive maker / taker fees (see explanation if you’re unsure here). Cex.io offers the best rates for professional traders a record 0.1% Maker vs a 0% Taker on monthly transactions exceeding 6000BTC. There are still excellent fees for those trading under 5BTC per month.  

Cex.io has a great variety of coins for you to trade with, including all of the top market rated coins – Bitcoin, Ethereum and Litecoin. 

We think that a 4.5/5 rating is fully deserved and so do 2.8 million other people who use the London based crypto exchange on a daily basis. 

With the current rise of Bitcoin over the last week – now more than ever is a great time to start trading with Cex.io. Head to their website below and start trading!

Bitcoin Exchange CEX.IO

If you’d like to see how Cex.io compares to other cryptocurrency exchanges and platforms, head to our exchanges page for more detailed reviews. 

If you like Palace of Crypto be sure to follow us on Instagram and Twitter – 

@palaceofcrypto

Share this review to your friends!

Oils Price Crash Putting Pressure on Bitcoin

Oil crash bitcoin

Monday broke records for the oil market with crude oil futures trading at a negative price for the first time in history. Coronavirus has had a huge effect here with it completely drying up the demand. The collapse in the oil industry (black gold) has put extra pressure on the financial global market with stocks and cryptocurrencies both taking a hit.

At the moment of writing this article the price of Bitcoin is currently trading at $6,830 on the Binance exchange. The largest cryptocurrency struggled to break resistance yesterday at $7,200 and followed to fall to $6,751 the lowest point of the day.

Bitcoin price oil crash

Will the Bitcoin market be able to stay in a bull trend or will the extra pressure bring the bears? 

The predictions are varied with different analysts disagreeing or its short term path. Chris Thomas, digital assets at Swissquote Bank believes the digital assets at Swissquote Bank believes the price will drop to $6,400 before rallying again. 

In contradiction the pseudonymous strategist known as Dave the Wave who correctly predicted 2018 crash believes the mining halving which is just around the corner will give bitcoin the boost it needs to break its resistance of $7,200.  

  • bitcoinBitcoin (BTC) $ 9,315.89 4.65%
  • ethereumEthereum (ETH) $ 198.04 3.86%
  • rippleXRP (XRP) $ 0.201340 1.43%
  • tetherTether (USDT) $ 0.998452 0.13%
  • bitcoin-cashBitcoin Cash (BCH) $ 238.05 1.29%
  • bitcoin-cash-svBitcoin SV (BSV) $ 189.55 0.69%
  • litecoinLitecoin (LTC) $ 42.92 1.26%
  • binancecoinBinance Coin (BNB) $ 16.13 0.6%
  • eosEOS (EOS) $ 2.51 2.24%
  • tezosTezos (XTZ) $ 2.54 0.04%