BCH Withdrawals and Deposits Now Available On CEX.io

cex.io Bitcoin cash

London based crypto currency exchange CEX.io announced that users could now deposit and withdraw their Bitcoin Cash to and from exchange wallets. This announcement was made on CEX.io’s website on Monday the 14th of August and notifications were sent out on the exchange’s app on Wednesday the 16th.

 

CEX.io added BCH coins to users in accordance with their Bitcoin balances. This includes balances on accounts as well as what was in incomplete trade orders at the moment of the split, but BTC in margin trading positions was not included.

 

CEX.IO opened several markets for trading BCH for BTC and FIAT currencies following the August 1st fork. However, deposits and withdrawals were not functional. a separate BCH depositing address will be visible to users now that deposit and withdrawal mechanisms are fully functional.

 

CEX.io was a major cloud mining provider in 2013 and 2014. They ran the Ghash.io cloud mining pool and in 2014, CEX.io’s Ghash.io mining operation contributed to more than 42% of the overall bitcoin mining power. In late  2015, however, the Ghash.io pool shut down due to the low price of bitcoin and the high cost of mining. From that point forward, the company operated exclusively as a cryptocurrency exchange.

 

CEX.io is a registered  Money Services Business within FinCEN (USA). The exchange uses a PCI DSS certificate to store, process, credit card data and also follows KYC/AML standards, which means extra verification steps on signup. CEX.io also features two-factor authentication via Google Authenticator or SMS/phone call.

 

CEX.io currently ranks 34th on CoinMarketCap‘s list of biggest exchanges, by trade volume with about R109,551,291 in active trades.

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About the author

Grinderman

Bitcoin enthusiast, have been trading and following Bitcoin since 2012. Director at 45ive Media, a small digital marketing agency based in Margate, South Africa.

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