CEX.IO

2_5stars

CEX.IO



2 User reviews

2_5stars


Editors rating

CEX.IO is probably one of the oldest cloud mining providers. They have proven reliable and secure. It is not just a cloud mining provider, as well it has a built in trading feature, where you can trade your GHS to Bitcoins. The keyword is buy low – sell high. Altough this has been very difficult in the last months, as of right now the BTC/GHS rate only knows one way – DOWN! If you are not a good trader, we recommend to not invest into CEX.IO, because it is kinda difficult to make a profit there. With the new trading fee it is unlikely to make a profit even though you might be an advanced trader. The GHS you buy are for a lifetime, and unlike PBMINING they come with a high maintenance fee. Currently 0.00045฿ per GHS/Hour. This makes it highly unprofitable for anyone who just wants to mine Bitcoin in the cloud and doesn’t trade. A plus is that CEX.IO instantly pays you out when you reach 0.01฿. Like most other cloud mining providers they have a refferal system although you only get 3% of what your refferal user bought. Buying or selling some GHS is really easy, just fund your account with some Bitcoin and place a buy order. To sell GHS just place a sell order.

What made us happy to see and use is, that now you can also mine and trade Altcoins (Currently IXC, DVC, LTC and NMC). If you have GHS on CEX.IO you will mine Altcoins simultaneously with Bitcoin mining, this process is called merged mining. Merged mining does not affect your Bitcoin mining at all. If you decide to go with CEX.IO we recommend that you activate the two factor authentification to ensure maximum security for your account. A really nice feature is, that you can reedem physical hardware if you have enough GHS in your account. Hoverboard I (115 – 190 GH/s), Hoverboard II (300 – 400 GH/s) and BitBox (450 – 550 GH/s). Just contact the support and they will calculate the shipping cost and time. Although the support will respond you very slow. With CEX.IO you will mine in the GHash.IO pool.

User friendlyness?

+ Fast, easy and free signup
+ Investments as low as 1 GHS
+ Two factor authentification for your account
Difficult to trade for trading beginners
No possibility to purchase GHS with a credit card / Paypal
Slow support

Website functionality?

+ Easy to understand advanced live dashboard
+ Display of your active orders
+ Option to trade or sell your GHS

Trustability?

+ Transparent
+ Registered business in the United Kingdom
Recent double spending debacle
Accusated by users for manipulating prices

Price?

High price per GHS

Resources
Website: CEX.IO | SIGN UP | BITCOINTALK THREAD
FEATURED IMAGE COPYRIGHT © 2014 CEX.IO

Conclusion Rating
User friendlyness?
5 stars
Website functionality?
3 stars
Trustability?
3 stars
Price?
1 stars

2 Comments

  • Person says:

    If there were – [neg] stars I’d leave -5, these guys are absolute fcuking morons!

    Every bad review is true. Verification is an absolute nightmare. Can’t withdraw for 48hrs, even the amount you just funded yourself.

    I think this is where the Muppet Show ended up after Jim Henson died.

  • source says:

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