CEX.IO is the first and leading commodity exchange in the Bitcoin community. Here you can buy or sell GHashes or just trade on the increase or decrease of chip values.
We are the first exchange that offers you an opportunity to buy GHashes and avoid all the usual problems you can face when buying mining equipment, like the frequent delays in delivery, breakage losses, the need for a sufficient power supply or cooling devices, and many other things, that you will probably encounter.
There are at least three aspects to bear in mind when buying or selling with Bitcoins:
Irreversibility
Exchange liability
Volatility
The biggest and most fundamental difference between Bitcoin trading and other types of monetary transactions is that a Bitcoin transaction is irreversible. Once you have send someone a Bitcoin, the transaction cannot be cancelled. The algorithm for such a cancellation does not exist in the blockchain code. However, the seller can make a refund of the same amount either in Bitcoins or any other currency. A reputable seller will probably conduct the refund transaction, but many Bitcoin deals take place on “the dark web”. Nevertheless, you might still get a refund from exchanges that have forums. You must keep in mind that many cash transactions are also irreversible, and have always been that way. One of the trade principles states “Caveat emptor“ which in translation from Latin means “Let the buyer beware”. This phrase indicates that the seller is not obliged to issue a refund to an unsatisfied customer because of an exiting or alleged defect in the purchased product. This historical reality applies to the Bitcoin trading market as well.
We are the first exchange that offers you an opportunity to buy GHashes and avoid all the usual problems you can face when buying mining equipment, like the frequent delays in delivery, breakage losses, the need for a sufficient power supply or cooling devices, and many other things, that you will probably encounter.
There are at least three aspects to bear in mind when buying or selling with Bitcoins:
Irreversibility
Exchange liability
Volatility
The biggest and most fundamental difference between Bitcoin trading and other types of monetary transactions is that a Bitcoin transaction is irreversible. Once you have send someone a Bitcoin, the transaction cannot be cancelled. The algorithm for such a cancellation does not exist in the blockchain code. However, the seller can make a refund of the same amount either in Bitcoins or any other currency. A reputable seller will probably conduct the refund transaction, but many Bitcoin deals take place on “the dark web”. Nevertheless, you might still get a refund from exchanges that have forums. You must keep in mind that many cash transactions are also irreversible, and have always been that way. One of the trade principles states “Caveat emptor“ which in translation from Latin means “Let the buyer beware”. This phrase indicates that the seller is not obliged to issue a refund to an unsatisfied customer because of an exiting or alleged defect in the purchased product. This historical reality applies to the Bitcoin trading market as well.