CEX.IO Exchange Review

CEX.IO, founded in 2013, is a cryptocurrency exchange and was the first cloud mining provider in the world. This was when CEX.IO was connected to the Bitcoin mining pool provided by GHash.IO, a well-known mining pool that officially closed in October 2016. A review of CEX.IO reveals that this connection allowed them to offer both cloud mining and trading. This provided a convenient means for miners to sell the Bitcoins that were mined as part of the GHash.IO mining pool.

Today the team behind GHash.IO seems to purely help with the development of enterprise mining solutions and custom-built pools under the same name. This while CEX.IO offers cryptocurrency trading via 27+ active markets and various currency pairs, including fiat-to-crypto and crypto-to-crypto currency pairs. The cryptocurrencies offered include Bitcoin, Ethereum, XRP, Stellar, Bitcoin Cash, Litecoin, Zcash, Bitcoin Gold, Zcash, Dash and the Gemini Dollar – the first regulated stablecoin to surface.

A CEX.IO exchange review reveals that this digital asset exchange allows for the instant purchase of the above-mentioned cryptocurrencies or digital assets in USD by using a credit card (Visa or MasterCard). They also offer other payment options, including bank transfers via SWIFT and the Single Euro Payments Area (SEPA). Payment in cryptocurrency is also offered as an option. In addition, their services (margin trading, etc.) seem to be available in most countries, including no less than 24 states in the United States.

KYC was at some stage not a requirement at CEX.IO, but that changed. CEX.IO also seems to take security very seriously with strong security against DDoS attacks. They also seem to make use of full data encryption and comply with PCI DSS standards (although the certificate of compliance available at the time of writing has already expired).