CEX.IO was founded in 2013 in London, where it’s still based in. The company started as a provider for cloud-mining, specialized in Bitcoin. It owned the Gash.io cloud-mining pool and with it around 42% of the whole mining power in the year 2014. In 2015 they decided to close the mining-pool and started the crypto exchange.
On the exchange one can trade Bitcoin, Ethereum, Bitcoin Cash, Bitcoin Gold, Dash, Ripple, Stellar and Zcash. A particular feature of this exchange is the option to not only buy and sell with dollar or euro. Several of these cryptocurrencies can also be bought with British pound and you can also buy Bitcoin with the rouble. Besides buying and selling cryptocurrencies there are also options for experienced traders. Here you can set limit buy, instant buy and other orders. Margin trading is also possible.
The platform offers a feature similar to a currency exchange. Bitcoins and Ethereum are bought directly by Cex, though when exchanging directly the rates are a bit worse overall. Payments can be done via credit card and bank transfer. Fees depend on the trading volume and can vary between 0,10% and 0,25%. The basic account enables a daily trading volume of $400 and a monthly volume of $2.000. The verified account enables $10.000 a day and $100.000 a month.
Auch verwendet eine Zwei-Faktoren-Authentifizierung für den Verified-Account. Dafür verwendet man die Authenticator App von Google oder SMS. Danach muss man sich noch mit seinen persönlichen Daten ausweisen. Für den Basic-Account wird nur eine Email-Adresse benötigt. wird von britischen und US-amerikanischen Behörden beaufsichtigt und gilt damit als seriös. Darum kann man sich auf ihr bedenkenlos anmelden.
Cex uses a two-factor-authentication to verify an account. To verify one can use the authenticator app of google or send a SMS. Afterwards you have to identify yourself with your personal data. For the basic account is the email address sufficient. CEX.IO is supervised by both British and American authorities and should be regarded as reputable for that reason. That’s why one can register on the exchange without worries.
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