CEX.IO Cuts Bitcoin Trading Fees Amid Mining Market Woes

bitcoin trader

CEX.IO is offering 0% trading fees for a short period of time as it renews its focus on the bitcoin exchange space, following the suspension of its GHash.io cloud mining contracts earlier this year.

The exchange, which currently charges a fixed 0.2% commission fee on all buy/sell transactions – excluding those of trading future contracts, will cancel its trading fees for a one-week period, starting on 25th March.

Speaking to CoinDesk, Helga Danova, communications officer at CEX.IO, said:

“To make new features available for as many people as possible, we have opened up our service and invite people to try out trading on CEX.IO with 0% fees.”

The free trading will cease on 1st April.

According to the CEX.IO website, the exchange will eventually move to a flexible fee system, charging between 0.5% and 0.2% commission depending on the user’s 30-day trading history.

Heightened security

The move comes amid a series of company-wide improvements, including measures aimed at heightening security.

CEX.IO obtained a Level 3 PCI DSS certificate, according to Danova. The certificate is issued to help businesses process card payments securely and reduce fraud. To get the certificate, companies must introduce tight controls surrounding the storage,

Read more ... source: CoinDesk