Launched in 2013 in London, Cex is one of the most popular cryptocurrency exchanges right now – operating both as a Bitcoin exchange and a cloud mining service. The mining pool behind Cex.io, known as Ghash.io, was at one time one of the largest on the Bitcoin network (holding 42% of the total mining power) before it closed in 2015.
Still, Cex.io is a common choice for many investors and traders interested in purchasing and selling Bitcoin, Bitcoin Cash, Ethereum, ZCash and Dash with credit or debit cards. The platform also supports cross-platform trading via its website, mobile app, WebSocket and Rest API which all add up to its overall quality.
CEX.io allows its users to buy cryptocurrencies by using a credit card, wire transfer or SEPA transfer. You can purchase cryptocurrencies with their brokerage service.
The brokerage service is a great, fast way for users to buy cryptocurrencies. This means that the CEX.io will trade cryptocurrencies in your name for a premium. The brokerage transactions are based on the Fill-or-Kill orders that are executed in the moment they are full. This is a simple way for beginners to start trading cryptocurrencies without the need to go through a complicated course about trading.
CEX.io gives a full explanation on their website how the service works. You can enter the trade and the platform itself will calculate the prices and will freeze it for 120 seconds. Here, you can input the amount of money that you would like to spend and you will also be able to see the number of coins you receive. Afterward, the system will check to see that there are enough funds to proceed. If the market situation allows for the execution of your order given the conditions on the market, the order will be filled.
This is the perfect place for both experienced and new traders.