CEX.IO started out in 2013 as the very first cloud mining company, offering contracts to the public that allowed people to “mine” Bitcoin.Their significant share of hashing power (42% at its peak) netted them some fame back in 2014 but CEX.IO would cease its mining operations in 2015.Since then, it’s been registered with FinCEN and opened its doors to trading cryptocurrency and as of late 2016 offered margin trading in addition to main services as a cryptocurrency exchanger.Currently, users can hold wallets in four fiat currencies (GBP, RUB, USD and EUR) as well as two cryptos (BTC and ETH).They have had several other currencies in the past, removing the Litecoin wallet most recently, so you can expect this to evolve over time.You can buy BTC or ETH but at a premium… about 10% higher than standard market rates, at least from what we could tell at time of writing so that’s a big downside.The margin trading options at CEX.IO allow you to trade in the following 8 pairs: BTC/USD, BTC/EUR, BTC/GBP, BTC/RUB, ETH/BTC, ETH/USD, ETH/EUR and GHS/BTC.

You can also use leveraged trading at 1:2 or 1:3.Our brief experience is that the buy/sell rates are competitive enough, but the trading page seems to freeze occasionally and lags with each click – something you’ll want to consider if you’re not running a high-end machine.You can deposit funds via credit card (Visa and Mastercard) for a 3.5% commission and $0.25 fee (5.25% + 15.57 RUB if you use RUB).This is the quickest method, and is often the reason people buy Bitcoin from CEX.IO.You can get the payment verified within an hour, provided your credit card has 3-D Secure or it won’t work.If you’re willing to wait up to 5 business days, you can opt for a flat fee of USD/EUR 10.00 for bank transfers, although it’s free for RUB deposits.If you want to sell your crypto, you can do so to your card for a 2.9% commission plus USD/EUR 4.99 or RUB 499 fee.Bank transfers are free of cost.For trading, the fee schedule link on their own website gives a 404 error, but from what we can tell, there is at least a 0.2% “Takers” fee charged on each trade you enter, which is reduced as you accumulate a 30-day trading volume.

Verification processes is very rigid at CEX.IO due to their Know Your Client (KYC) and Anti Money Laundering (AML) commitments.While this is perfectly acceptable, we feel that customers should be forced to complete these processes BEFORE being allowed to make any deposits.As it is, you’ll only be asked for verification AFTER your payment is successful.There’s a detailed guide on how to get yourself verified but in short, you’ll need to send them a high-resolution photograph of yourself holding your credit card, with your face and card details clearly visible.Then you’ll also need to provide them a picture of your passport or national ID.Not many people will be comfortable with sharing this information, particularly as CEX.IO does not reveal exactly with whom they are sharing your information.That’s the price of being able to use your credit card!Also, you won’t be able to withdraw your BTC until your account is over 48 hours.At time of writing, a lot of users are also complaining, providing proof that that they are not able to withdraw their fiat balances and are asked instead to buy BTC and withdraw that.

Others are asked to wait for 20 business days for bank withdrawals, without any proof of transaction.We call that unethical.With cross-platform trading via its website, mobile app.WebSocket and REST API on the top currency pairs in the market, CEX.IO continues to present itself as one of the heavyweights in the exchange and trading business.bitcoin nucleoThe issues with their security measures, such as the difficulty to set-up 2FA.bitcoin usb asicminerBut if recent feedback from disgruntled new and old customers are to be considered, you may have to be prepared for very long waits or unethical practices.litecoin feb 2014Below is the cumulative depth chart.Moving your mouse over it will give you more information.The value axis for the cumulative depth chart is on the left, enumerated in [].

About these bars going up and down (if there are any at the moment).They show market depth changes over the last 10 minutes.The value axis for them is on the right [].Bars on the left of the current price are bid offer changes, and on the right ask offer changes.So if somebody is adding a bid offer, you will see a green bar up on the left.About colors: if bids are added they are in green, and when removed they are in red.For asks it's the opposite.That's because when somebody is adding an ask, it makes it harder for the price to go up (red).If somebody is removing an ask it's easier for the price to go up (green).Cryptocurrency exchange CEX.IO announced today the addition of British pound versus Ether trading for UK clientele who hold most of their assets in GBP.With the ability to deposit and withdraw funds directly in GBP using a credit card or via bank transfer, users will also be able to save on conversion rates.ETH/GBP is now the fourth ETH trading pair on CEX.IO, after ETH/USD, ETH/BTC, and ETH/EUR.

Margin trading is only available right now on ETH/USD, having been launched back in March.ETH/GBP finished the North American day trading at £265.9899 heading into Thursday.CEX.IO stated they will continue looking at different ways of developing the ETH market on the exchange as time goes on.Interestingly, due to high demand on the Ethereum network today, many exchanges including CEX.IO actually suspended ETH deposits and withdrawals until the network shows signs of stabilizing.Ether is a required element for operating the distributed platform called Ethereum.ETH is used as a form of payment by developers of apps built on Ethereum, as well as by users who are willing to access and interact with smart contracts.WarningYou are using Firefox 43, which is known to crash when using Cryptowatch.Mozilla has fixed this issue in newer versions.Download the Firefox Nightly build for a more stable experience.Google Chrome is another good alternative.In a follow up to our post with step-by-step instructions on how to buy bitcoin with a credit card using the bitcoin exchange CEX.IO, this post is to show you how you can earn a little extra cash from them using their bitcoin affiliate program.The exchange has recently launched an affiliate program, allowing their users to earn money by referring new users to the website.

What this means is that as a customer of the CEX.IO bitcoin exchange, you can earn a passive income by referring others to the exchange to buy bitcoin.Established in 2013, CEX.IO is one of the oldest long running multi-functional cryptocurrency exchanges, and is trusted by over half million users.Within this bitcoin affiliate program, you earn 30% of the fee from all exchange transactions of your referred users, including all their future purchases/sales on CEX.IO!1.Share your personal referral link across the web 2.The more users you bring to the more you earn 3.Get 30% of fee from all trade transactions of your referred users!Log into your account at CEX.IO and at the top of the screen you will see the “Affiliate” link in the top menu.You will see the screen shown in the picture above, displaying your personal referral link.Copy the link and share it with people to earn from everyone who signs up using your link.So join CEX.IO and start earning by referring friends today with their bitcoin affiliate program.