Crypto Frontline

CEX.io crypto exchange review

CEX.io is one of the oldest bitcoin exchanges, that begun its activity back in 2013 in London. At the beginning, it was a bitcoin exchange and cloud mining provider. Its mining pool, also known as Ghash.io held at some point 42% of the whole network mining power.     The mining operations had been closed and now the company works as a cryptocurrency exchange. They have expanded their activity and currently offer support for ethereum and bitcoin cash as well.

Main features

With CEX.io you do not need to install a platform, just open up an account on their website. Exchanging cryptocurrencies for fiat money or vice versa is easier with their extremely intuitive user interface.

Depositing money is also easy, CEX.io accepting Credit/Debit Card, Wire Transfers and SEPA Payments (for clients from the EU).

One of their main features is the Fill-or-Kill order. This type of order is executed immediately and in full. That means whatever you agreed to pay or get, that’s exactly what will happen. Let’s take a very simple example. If you one to buy one bitcoin cash, with CEX.io your order will be filled at the price posted on the screen, even though the price changed. With other cryptocurrency exchange, you have to wait until someone is willing to pay the amount you requested. There are some negative aspects implied in order to benefit from this facility. CEX.io charges an extra fee so they will be able to fill your order at the exact price you requested.

Pros and Cons

CEX.io is a cryptocurrency exchange with an already established reputation, working in the industry since 2013. They have support for bitcoin, ethereum and bitcoin cash, covering the three most valuable cryptocurrencies in the market.

One complaint that is usually stated by their customers is the fee implied by the Fill-or-Kill order. You have to pay 7% fee so you can benefit from that feature and that is why you will find reviews from customers that are not pleased by that thing.

Summary

As a whole, CEX.io is a reliable cryptocurrency exchange that accepts a wide variety of payments in different currencies as well as euro, US dollars, and Russian ruble.