Comparison of Cex.Io vs Coins.Ph [ 2024 ]

The crypto exchanges compared by their commissions, cryptos, security and much more. Here is the Cex.Io vs Coins.Ph comparison!

Your expert: Alejandro Borja

Cex.Io

Your expert: Xavier Tarrasó

Coins.Ph

Main points

Fees

0,15%/0,25%

Earns

Yes

Customer service

4/5

≤3,99%

Fees

Yes

Earns

4/5

Customer service

Recommended for

Beginners

Yes

Trading

Yes

Passive income

Yes

Buy and hold

Yes

Beginners

Trading

Yes

Passive income

Yes

Buy and hold

Comparison of fees

Rating

3.8 – Reasonable fees but slightly higher for fiat transactions.

3.8 – Reasonable fees with strong local support in the Philippines.

Level

0,15%/0,25%

≤3,99%

Brief explanation

CEX.IO operates with a transparent fee structure primarily revolving around trading and transaction fees. For traders, the fees are tiered based on the 30-day trade volume, starting from 0.25% for takers and 0.16% for makers at the lowest tier, and decreasing with higher volume. This competitive pricing makes it appealing for both high-volume traders and newcomers. The platform also charges fees for deposits and withdrawals, which vary depending on the currency and method of payment. For example, credit card deposits incur a fee, whereas some methods like bank transfers might offer free deposits depending on the user’s location.

Coins.ph maintains a simple and transparent fee structure, which is a significant advantage for users. The platform charges a spread on buy and sell transactions, typically around 0.5% to 1%, which is competitive within the industry. This spread varies depending on the specific cryptocurrency and market conditions. Additionally, for transactions such as sending money or paying bills directly from the wallet, minimal fees are applied, which are clearly outlined on their website. This approach helps users manage their costs effectively while engaging in various cryptocurrency transactions.

Cex.Io

Security Methods: CEX.IO employs a comprehensive security framework which includes two-factor authentication, encryption technology, and cold storage of digital assets, ensuring a high level of user fund safety.
Reputation and Reviews: Since its inception in 2013, CEX.IO has maintained a strong reputation within the cryptocurrency community for reliability and trustworthiness, reflected in positive user reviews across various platforms.
Regulation Compliance: CEX.IO is registered with FinCEN in the USA and complies with international financial regulations, providing a secure trading environment and adhering to legal standards for financial operations.
Customer Service: The exchange offers dedicated customer support with a commitment to resolving user issues promptly, enhancing user trust through effective communication and support.
Trading Volume and Liquidity: CEX.IO consistently shows strong trading volumes, ensuring liquidity and enabling users to execute transactions swiftly and at desired prices, making it a reliable platform for trading major cryptocurrencies.

Coins.Ph

Regulated Security: Coins.ph operates under the regulatory oversight of the Bangko Sentral ng Pilipinas (BSP), ensuring compliance with local financial regulations and standards.
High Trading Volume and Liquidity: Coins.ph consistently shows robust trading volumes, demonstrating a healthy trading environment which indicates reliability and a stable trading platform.
Reputation and Reviews: Having established a significant presence since 2014, Coins.ph is well-regarded for its service quality and customer focus, with positive reviews from a vast user base across the Philippines.
Transparency: Coins.ph maintains a high level of transparency in its operations, particularly with clear information on fees and the security measures it employs to protect user assets.
Customer Service: The platform is known for its excellent customer support, providing users with a reliable resource for any issues or inquiries, which enhances user trust and satisfaction.

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Account Minimum

Get started with just $100.

And 1% fee on all cryptocurrency trades.

Direct link to the website

Product selection

Native token

Earns

Yes

NFT marketplace

Cripto/debit card

Full name

CEX.IO Ltd

Betur Inc. dba Coins.ph

Regulation

Regulated in the Reino Unido

Regulated in Filipinas

Year founded

2013

2014

Founder

Oleksandr Lutskevych

Ron Hose

Payment methods

Transfers

Yes

Mastercard

Yes

Wire transfer

Yes

Card

Yes

Comparative table

Cex.Io	FEATURES	Coins.Ph
CEX.IO allows for small minimum trade amounts, making it accessible for beginners to start trading with a low barrier of entry.	Minimum Trade	The minimum trade amount varies by cryptocurrency, with popular currencies like Bitcoin having very small minimum requirements, allowing for micro-transactions.
The fees are competitive but could be more transparent, particularly concerning the different tiers and specific services.	Trading and Transaction Fees	Coins.ph charges competitive rates, typically lower than many other licensed exchanges in the region. This includes a spread on buy/sell transactions and minimal fees for crypto transfers.
CEX.IO supports a diverse range of cryptocurrencies, offering users a broad selection of popular and lesser-known coins.	Number of Cryptocurrencies	Coins.ph offers over 50 cryptocurrencies, providing a diverse range of options for traders.
The exchange provides a substantial number of trading pairs, facilitating versatile trading strategies.	Crypto-to-Crypto Trading Pairs	The platform supports numerous trading pairs involving major cryptocurrencies and Philippine Pesos, catering extensively to local market needs.
The website offers clear information on trading conditions, security protocols, and company policies, making it easy for users to find essential details.	Website Transparency	The Coins.ph website provides clear information on fees, processes, and security measures, enhancing user trust and compliance transparency.
The card is linked to your crypto account, providing convenience and benefits like crypto cashback on purchases.	Credit/Debit Card	Coins.ph does not offer an exchange card for in-store purchases.
Provides secure storage options with a majority of funds held in cold storage, though details could be more accessible to users.	Storage Offering	Coins.ph offers a secure digital wallet service with robust security measures including 2FA. Highly secure with a user-friendly interface.
Offers staking for several cryptocurrencies with competitive rewards; however, more coins could be added to enhance this feature.	Staking and Rewards	Currently, Coins.ph does not offer staking services for earning rewards on crypto assets. This is a significant area for potential growth and user engagement.
Both platforms are user-friendly and fully-featured, making trading accessible on the go and from desktop devices.	Mobile App and Desktop	Both mobile and desktop interfaces are available, with the mobile app being particularly praised for its user-friendly design. Excellent accessibility and usability across devices.
Customer service is available and helpful but can be slow to respond during peak times. Improvements in response time could enhance user experience.	Customer Service	Known for its effective customer service with multiple channels including live chat and email support. While generally good, there is room for faster response times and extended support hours.
Deposits are straightforward and usually quick, but withdrawal processes and associated fees need clearer explanations and potentially lower costs.	Deposit and Withdraw	Users can easily deposit and withdraw funds using various methods including bank transfers, credit/debit cards, and even through physical retail partners. Highly accessible but could benefit from reduced fees and faster processing times for certain methods.

Key features

Analysis tools

Basic charting tools, technical indicators

Basic tracking and charting

Mobile APP

Security

High 4,9/5

High 4,6/5

Additional features

Margin trading, staking, CEX.io Loan service, fiat on/off ramps

Crypto-to-fiat services, bill payments, mobile top-ups, staking

Anonymity

Key points

Available cryptocurrencies

80+

10+

User-friendliness

Features a user-friendly interface that is easy to navigate, making it suitable for beginners. The platform provides a seamless trading experience with essential features easily accessible.

Features a simple and user-friendly interface that is suitable for beginners. The platform focuses on making cryptocurrency trading accessible and easy to understand.

Value for money

Delivers decent value for money with competitive fees and strong security features, suitable for both beginners and experienced traders.

Provides good value for money with competitive fees and strong local support in the Philippines, making it a good choice for regional users.

Countries of operation

Global, including United States, United Kingdom, Europe, Canada, Australia

Philippines

Best for

Suitable for global traders looking for a reliable and secure platform with competitive fees and a wide range of supported cryptocurrencies.

Suitable for users in the Philippines looking for a reliable platform with local support and competitive fees.

Base currencies available

USD, EUR, GBP, RUB, BTC

PHP, BTC

Account

Trading

CEX.IO offers a secure and user-friendly platform with a good range of cryptocurrencies. It supports fiat integration and has competitive fees but lacks some advanced trading tools.

Coins.ph is a popular exchange in the Philippines, offering easy fiat integration and a user-friendly platform. It supports a decent range of cryptocurrencies but has higher fees.

Deposit and withdrawal

CEX.IO provides multiple deposit options, including bank transfers, credit/debit cards, and cryptocurrencies. Withdrawals are processed quickly, usually within a day, with competitive fees.

Coins.ph is popular in the Philippines, offering easy fiat and cryptocurrency deposit methods. Withdrawals are processed efficiently, with competitive fees.

Account opening process

CEX.IO offers a straightforward account opening process. Users need to provide personal information, verify their identity, and the process is typically completed within a day, making it efficient and user-friendly.

Coins.ph offers a seamless and user-friendly account opening process. Users need to provide personal information, verify their identity, and typically get their account approved within a day. It’s efficient and secure.

KYC required?

Yes

Customer Service

CEX.IO provides customer support via email, live chat, and phone. The support team is responsive and available 24/7, ensuring users get timely assistance.

Coins.ph offers support through email and live chat. The response time is quick, and the support team is available 24/7, making it reliable for users in the Philippines.

Security

CEX.IO offers comprehensive security measures, including 2FA, encryption, and cold storage. It is regulated by several financial authorities, ensuring high security for investors.

Coins.ph offers robust security features, including 2FA and cold storage. It is regulated by Philippine authorities, providing a secure environment for investors.

Which of these exchanges is for you?

Alejandro Borja

As one of the experts reviewing CEX.IO on our website, I’ve had a positive experience with their platform overall. It’s a great choice for both newcomers to cryptocurrency and seasoned traders. The user interface is straightforward, making navigation and trading uncomplicated. Additionally, their security measures give me confidence in recommending CEX.IO as a reliable place to trade and store digital assets. For anyone looking to dive into crypto trading or expand their portfolio, CEX.IO offers a solid, dependable foundation.

Xavier Tarrasó

As an expert analyzing Coins.ph, I highly recommend this platform for users in the Philippines and Thailand looking for a user-friendly and secure way to engage with cryptocurrencies. Its integration with local financial services, compliance with regulatory standards, and competitive fees make it an excellent choice for both new entrants and seasoned traders in the crypto space. Whether you’re looking to simply buy and sell crypto or use it for everyday transactions like bill payments and remittances, Coins.ph provides a reliable and convenient service.

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How do we review crypto exchanges?

At Threenvest, we conduct a thorough review process to evaluate and rank the world’s leading crypto exchanges. Our goal is to offer an unbiased assessment, providing you with the information you need to make informed decisions on which ones best suit your needs. We strictly adhere to the guidelines of our editorial policy.

We collect data directly from exchanges through detailed questionnaires and conduct first-hand testing and observations during crypto exchange demonstrations. Questionnaire responses, combined with demonstrations and hands-on research from our experts, feed into our proprietary evaluation process that scores each provider’s performance on more than 15 factors. The end result produces star ratings ranging from poor (one star) to excellent (five stars).

For more details on the categories considered when rating brokers and our process, read our full methodology.

Risk Disclaimer

Investing in cryptocurrencies is very risky, you should only invest the money you are willing to lose. Also you should not expect to be protected if something goes wrong.

Neither Threenvest, nor the author, are recommending you to invest with this article.