Cryptocurrency trade in UK is easy because there are many crypto exchanges in this country that offer option to trade in various types of cryptocurrencies. There are registered exchanges like CEX and Coinfloor for this trade. CEX is not very old and was founded as mining pool in 2013, but later converted to complete cryptocurrency exchange.
This exchange is not regulated by the Financial Conduct Authority (FCA) which is negative for investors. There have been minor incidents that involve security risks on this exchange, but it has not been targeted by the hackers. However, CEX is one of the UK crypto exchanges that offers protection against negative balance, although it is not a good style. Cex.io review has not been good for past some time because of adverse comments by many users and the exchange discontinued new registrations in the past. CEX has slow KYC procedures and there are large number of complaints. CEX is in the process to improve, but people’s faith is important. Cex.io trades in many crypto coins such as BTC, ZEC, ETH, DASH and foreign currencies such as USD, EUR, GBP, and adds new to its platform. Thus, cex.io is one of the best forex brokers, but its image in crypto trade has tarnished for some time.
Binance is a cryptocurrency exchange and doesn’t hold forex trade. Binance is a relatively new Chinese company run by experienced professionals and is a reliable platform from the perspective of its users. Binance Review is the evidence of the company’s performance. Binance deals in selected crypto coins and has its own in-grown coin Binance coin (BNB). The investors who want to trade on Binance are required to convert their coins to BNB, but this is advantageous for them. Thus, Binance is a fast growing and better platform for crypto trade compared to CEX.