Investing and trading in financial markets such as the stock exchange, forex, digital currencies in the form of spot or with leverage face a high inherent risk. According to the statistics of all exchanges and brokers, more than 75% of people lose!
AscendEX is a Singapore-based crypto exchange managed by the parent company “AscendEX Technology S.R.L” provides robust security measures (cold storage, 2FA, insurance, account freezing) to offer services such as OTC Escrow and DEX; AscendEx designed 10 levels for users based on 30D trading volume.
AscendEX [formerly BitMax] is a Singaporean exchange with more than 400 coins available to trade. AscendEX Exchange has over 1 million users and big venture capitals such as POLYCHAIN CAPITAL have invested in it. AscendEx offers its services such as futures, copy trading and staking to 150+ countries/regions.
AscendEX Company Information & Regulation
AscendEX crypto exchange, formerly known as BitMax [rebranded in 2019], is a digital asset trading platform that has quickly risen to prominence in the cryptocurrency world.
Founded in 2018 and headquartered in Singapore, AscendEX has established itself as a global player in the crypto exchange market.
AscendEX is the former BitMax that rebranded in 2019
The platform is operated by AscendEX Technology S.R.L., which adds an interesting international dimension to its operations. Beyond the introduction, what gives an exchange credibility is its license. Unfortunately, AscendEX has not yet received a permit. Critical information of AscendEX Exchange:
Services such as spot trading, leveraged trading (margin and futures), staking, and copy trading
Subject to anti-money laundering (AML) and counter-terrorism financing (CTF) regulations
Not available in certain jurisdictions, including Singapore, China, the United States, and sanctioned countries
Mandatory identity verification
AscendEX CEO
George Cao, Founder, CEO, and Chairman of the Board at AscendEX, is a seasoned financial leader with extensive experience in investment management and fintech innovation. Based in New York, he drives the company’s growth in the global crypto trading landscape.
Founder & CEO of AscendEX, headquartered in Larchmont, New York
Previously CIO & General Manager at Delpha Capital Management
Holds a degree from the University of Chicago
George Cao, CEO of AscendEX crypto exchange
Summary of Specifications
To give you a quick overview of what AscendEX offers, here's a table summarizing its key specifications:
Exchange
AscendEX
Launch Date
2018
Levels
10
Trading Fees
From 0.1000 to -0.0150%
Supported Coins
400+
Futures Trading
Yes
Minimum Deposit
$1
Deposit Methods
Wire Transfer, VISA, MasterCard, Cryptocurrency, BANXA, Google Pay, Apple Pay, MERCURYO, MOONPAY, SIMPLEX
Withdrawal Methods
Wire Transfer, VISA, MasterCard, Cryptocurrency, BANXA, Google Pay, Apple Pay, MERCURYO, MOONPAY, SIMPLEX
Maximum Leverage
1:100
Minimum Trade amount
Variable based on coin
Security Factors
Cold Storage, Multi-layered defense, 2FA, Insurance, Account freezing and anti-phishing features
AscendEX users are ranked across ten VIP levels (VIP0 to VIP9), based on their 30-day trading volume or ASD token holdings.
Each higher tier provides reduced trading fees and other benefits such as lower borrowing costs, access to staking enhancements, and increased referral rewards.
There are 10 user levels in AscendEX
The VIP model incentivizes platform loyalty and high-volume activity. AscendEX user levels:
Level
30D Trading Volume
Category
Average 30D ASD Holding
VIP0
≥ 0
Or
≥ 0
VIP1
≥ 100,000
Or
≥ 5,000
VIP2
≥ 1,000,000
Or
≥ 20,000
VIP3
≥ 5,000,000
Or
≥ 100,000
VIP4
≥ 10,000,000
Or
≥ 250,000
VIP5
≥ 25,000,000
Or
≥ 500,000
VIP6
≥ 50,000,000
Or
≥ 1,000,000
VIP7
≥ 100,000,000
Or
≥ 1,500,000
VIP8
≥ 150,000,000
And
≥ 2,500,000
VIP9
≥ 500,000,000
And
≥ 5,000,000
What Are the Fees and Commissions of Ascendex Exchange?
AscendEX follows a maker-taker fee model, with base fees starting at 0.1% for large-cap tokens and 0.2% for altcoins.
The platform operates a tiered VIP system (VIP0 to VIP9), offering significant discounts based on trading volume or ASD token holdings.
At higher tiers, traders can benefit from zero maker fees and even rebates.
For example, VIP8 users enjoy 0% maker fees, while VIP9 traders receive a 0.015% rebate on maker orders and pay just 0.02% taker fees across all asset classes.
Level
Maker / Taker Spot fee for Large Market Cap Assets
Maker / Taker Spot fee for Altcoins
Futures Maker / Taker Fee
VIP0
0.1000% / 0.1000%
0.2000% / 0.2000%
0.0400% / 0.0600%
VIP1
0.0900% / 0.1000%
0.1800% / 0.2000%
0.0380% / 0.0600%
VIP2
0.0750% / 0.0850%
0.1600% / 0.1800%
0.0360% / 0.0600%
VIP3
0.0600% / 0.0700%
0.1300% / 0.1500%
0.0340% / 0.0600%
VIP4
0.0500% / 0.0600%
0.1000% / 0.1200%
0.0320% / 0.0600%
VIP5
0.0400% / 0.0500%
0.0750% / 0.1000%
0.0300% / 0.0600%
VIP6
0.0300% / 0.0400%
0.0500% / 0.0700%
0.0200% / 0.0600%
VIP7
0.0200% / 0.0300%
0.0200% / 0.0400%
0.0100% / 0.0500%
VIP8
0.0000% / 0.0250%
0.0000% / 0.0250%
0.0000% / 0.0400%
VIP9
-0.0150% / 0.0200%
-0.0150% / 0.0200%
Not Provided for Futures Trading
Note that transactions to your crypto wallets will be subject to network fees.
How Many Coins Are Available to Trade in AscendEX?
AscendEX boasts an impressive array of supported cryptocurrencies, catering to diverse investor interests. AscendEX coins:
Over 400 digital assets
More than 450 trading pairs
Major cryptocurrencies, such as Bitcoin (BTC), Ethereum (ETH), XRP, Binance Coin (BNB), Solana (SOL), Cardano (ADA)
Numerous altcoins and emerging tokens
Good diversity in meme coins [DOGE, SHIB, FLOKI, etc.]
You can trade more than 450 trading pairs in AscendEx
The wide selection of coins makes AscendEX an attractive option for traders looking to diversify their portfolios or explore new investment opportunities in the crypto space.
Futures and Margin Trading on AscendEX Exchange
For more advanced traders, AscendEX offers robust futures and margin trading options. Key features include:
Up to 100x leverage for margin trading
Cross-asset collateral support
Intelligent risk engine to help manage positions
No fees for borrowing assets
Maker order rebates for providing liquidity
Advanced charting tools and order types
Daily "Satoshis" rewards for active users
Registration and Verification on AscendEX Exchange: Complete Guide!
Getting started in this exchange is much easier than you think. Here are the steps to AscendEX registration:
#1 AscendEX website
Visit the AscendEX website or download the mobile app, click "Register", and choose between email or phone registration.
Click Register to initiate the AscendEX sign up process
#2 Email / Phone registration
Provide your email or phone number and create a strong password for your account. Enter the verification code sent by email or SMS.
AscendEX requires email verification for account opening
#3 Access Account Verification
Open the “Account Verification” tab from your profile dashboard and click “Verify Now” to begin the KYC process.
Log in to the AscendEX client cabinet to initiate the KYC procedure
#4 Select Country & Document Type
Before proceeding to the upload stage, choose your issuer country and document type, including:
Passport
Driver’s License
ID card
Acceptable ID documents on AscendEX exchange
#5 Upload Documents
Use your device camera or mobile QR option to scan both sides of your ID. AscendEX accepts uploads directly from desktop or smartphone.
AscendEX requires you to scan your ID document using the device's camera
#6 Complete Facial Scan
Perform a clear face scan by removing glasses and ensuring proper lighting. This step validates your identity.
AscendEX liveness check and face verification
#7 Confirmation
Wait briefly as the system processes your details. Once approved, your account gains full access to AscendEX trading features and enhanced withdrawal limits.
How to Trade on AscendEX?
Cash trading on AscendEX allows you to buy and sell cryptocurrencies directly using spot orders. The platform provides a clear interface with candlestick charts, order books, and multiple order types, including limit and market orders, to execute trades effectively.
#1 Access Cash Trading
Go to the exchange's official website, click the "Trading" menu, choose "Cash Trading", and select "Standard" view to open the trading dashboard.
Click Cash Trading to access the spot market on AscendEX
#2 Explore the Trading Page
On this page, you can:
Search and select a trading pair on the left;
Place buy/sell orders in the middle;
Analyze charts and the order book on the right;
Review open orders, order history, and assets at the bottom.
AscendEX trading panel features and options
#3 Place Orders (Limit or Market)
In this step, you can choose between placing a Limit or Market order, depending on whether you prefer a set price or instant execution.
Limit Order: Set a specific price and size, then confirm Buy BTC or Sell BTC. The order executes once the market hits your chosen price;
Market Order: Enter only the size, then confirm. The order fills instantly at the best available market price.
AscendEX supports market and limit orders
#4 Manage Orders & Risk
Check active trades and balances at the bottom panel. To reduce risk, you can set a stop-loss order for protection.
Platforms and Applications
AscendEX has launched its mobile application so that mobile users can access this exchange's facilities without needing the web version.
The exchange’s application is available for Android and iOS
Download the AscendEX mobile applications from the links below:
These diverse options allow traders to access their accounts and execute trades from virtually anywhere, enhancing flexibility and convenience.
AscendEX Trade Volume
AscendEX Trade Volume has remained steady over the past three months, averaging $1.05B daily, with only brief fluctuations.
The most significant dip occurred around June 9, 2025, but volume quickly recovered, maintaining stability throughout July and August.
Average daily trading volume: $1.05B
Peak range: $1.1B – $1.15B
Lowest point: June 9, below $850M
Overall trend: Stable with minor volatility across June to August
AscendEX 3-month trading volume from May to August
AscendEX Services
AscendEX Services offer versatile trading options with TradingView integration, API access, P2P and OTC trading, referral programs, and DEX support, providing flexibility for both retail and professional users, though lacking bots, demo accounts, and auto-invest features.
What Are Security and Safety Measures of AscendEX?
AscendEX incorporates standard security measures, including two-factor authentication (2FA) and cold wallet storage, to protect user assets.
Security measures of AscendEX to guarantee the safety of user assets
However, the exchange lacks government regulation and facial recognition features. While the platform has faced hacking incidents in the past, it has taken steps to reimburse affected users and enhance protection protocols.
Cold storage for user assets
Multi-layered defense for on-platform transfers
Two-factor authentication (2FA) for all accounts
An insurance fund to cover potential losses from security incidents
Account freezing and anti-phishing features
Real-time transaction notifications
Robust KYC/AML policies and suspicious activity monitoring
These enterprise-class security measures, developed with guidance from finance veterans and corporate experts, help ensure the safety of user investments and maintain the integrity of the platform.
AscendEX Security Rankings
AscendEX Security Rankings highlight strong protections, scoring 80/100 on CER and 83.61 on CertiK Skynet, with perfect marks in server security, user safety, and bug bounty programs, reinforcing its credibility as a trusted exchange platform.
AscendEX security profile on CER.live
Despite strong ratings, AscendEX CER.live security profile shows areas for improvement, including the absence of ISO 27001 and CCSS certifications.
However, with funds insurance, continuous penetration testing, and a robust bug bounty program, the platform maintains a reliable defense framework for users.
Category
Metric
Value
CertiK Skynet Score
Overall Score
83.61% (A)
Operational
90.10%
Market
90.31%
Cybersecurity
96.56%
Fundamental
66.62%
Listing Security
84.79%
Community
77.71%
CER.live Security Score
Overall Score
80% (A)
Server Security
100%
User Security
100%
Penetration Tests
100%
Bug Bounty
100%
ISO 27001
No
CCSS
No
Funds Insurance
Yes
Payment Methods
AscendEX has expanded its payment options to provide users with more flexibility:
VISA and MasterCard
Google Pay integration for Android users
Apple Pay for iOS users
payment solutions such as BANXA, MERCURYO, MOONPAY, SIMPLEX
Wire transfer options for Fiat deposit
These diverse payment methods make it easier for users to buy cryptocurrencies using their preferred fiat currencies, enhancing accessibility to the crypto market.
The minimum purchase amount on AscendEX via Simplex (credit/debit card gateway) is $50. This applies to users buying cryptocurrencies directly using fiat payment methods such as VISA or Mastercard.
Trust Scores
While the exchange offers a wide range of features and services, the AscendEX Trustpilotprofile has a bad trust score. AscendEX trust scores:
Trustpilot: 1.9/5 from 139 reviews
CoinGecko: 8/10
CoinMarketCap: 5.6/10
AscendEX trust scores indicate an average performance
Users report "inactivity fees", which can lead to potential loss of funds, and Complaints about customer service quality, which can lead to poor trust scores.
AscendEX Features
Does the exchange offer crypto services other than spot and futures trading?
Staking
Yes
Yield Farming
Yes
Social Trading
Yes
Liquidity Pool
Yes
Crypto Cards
No
AscendEX Promotions
AscendEX Promotions deliver traders unique opportunities to maximize rewards and reduce costs.
From ASD Investment and Airdrop Multiple Cards to Point Cards and referral benefits, users can access innovative tools designed to boost profits and enhance trading efficiency.
Promotion
Bonus / Value
Key Features
Validity
Limitations
ASD Investment Multiple Card
5x multiplier on ASD investment
Auto-activation next day
10 days (e.g., 2025-08-23 to 2025-09-01)
One purchase per release
AscendEX Airdrop Multiple Card
3x multiplier on airdrop rewards
Applies to 5 separate airdrop events
Valid across 5 events
One card per user per release
AscendEX Point Card
5 USDT margin interest discount per card
1 point = 1 USDT equivalent
Continuous while margin interest applies
Price varies (updated every 5 minutes)
AscendEX Referral Program
Up to 10% commission on invitees’ trading fees
Daily settlement in USDT
365 days per referral
Invitees must be VIP0–VIP4
ASD Investment Multiple Card
Boost your ASD profits with the ASD Investment Multiple Card, multiplying investment shares by 5x for a 10-day effective period. A total of 690 cards are available at 105 ASD each.
Multiply up to 10,000 ASD in your Spot Account by 5x, equal to 50,000 ASD share in distribution
Cards valid for 10 days (2025-08-23 to 2025-09-01)
One purchase per release; capped at 15 cards per user
Sales every 10 days at 00:00 & 12:00 UTC; automatic activation the next day
Non-redeemable early; upon expiration, funds auto-subscribe to the regular ASD Investment Product
Boost your ASD holdings with the Investment Multiple Card, multiplying up to 10,000 ASD into 50,000 ASD shares for 10 days
AscendEX Airdrop Multiple Card
The Airdrop Multiple Card lets users maximize rewards, offering a 3x multiplier on eligible airdrops. Each card is valid for five events and limited to one purchase per issuance.
Multiply airdrop rewards 3x instantly after purchase
Valid for 5 separate airdrop events
Limited to 1 card per user at each release
Not applicable to projects with prior airdrop events
If unlock conditions aren’t met, usage is still counted
Requires full account verification before purchase
AscendEX Point Card
The Point Card offers discounted margin interest, letting traders redeem 1 point for 1 USDT equivalent. Each card provides a 5 USDT deduction on margin interest costs.
Price: 73.205 ASD per card (updated every 5 minutes)
Each card equals 5 USDT margin interest discount
1 point = 1 USDT equivalent for interest payments
Automatic redemption applied directly to margin interest
AscendEX Referral Program
TheReferral Program rewards users for inviting friends, family, or colleagues to join the platform. Inviters earn up to 10% commission on trading fees generated by their invitees across spot, margin, and futures markets.
Access via profile > referral on PC or app;
Share an exclusive link, code, or poster to invite friends;
Track commissions, rebates, and invitations on the referral page;
Earn 10% of invitees’ net trading fees (spot, margin, futures);
Validity: 365 days per referral; settled daily in USDT;
Invitees must be VIP0–VIP4 (higher levels and BLP accounts excluded).
Earn up to 10% commission on trading fees by inviting friends to AscendEX through the Referral Program
Support
AscendEX support responds to users with a lot of delay, but this is not the only sign of their poor performance.
The only way to communicate with AscendEX Exchange support is through a Ticket system, and there is no other way to communicate, including chat, email, or call!
Users can view trader metrics, performance indicators, and risk profiles;
Traders share their trading history and strategies;
Followers can subscribe to trader strategies on a monthly basis;
Subscription fees are based on a percentage of profitable copied trades;
Traders must provide accurate information and comply with all applicable laws;
AscendEX reserves the right to pause or terminate the Copy Trading Service for any trader.
This feature can be particularly useful for novice traders looking to learn from more experienced market participants.
AscendEX Earn
The exchange offers robust crypto staking services through its “AscendEX Earn” ecosystem. Users can stake a variety of crypto assets with no lock-in period, allowing for flexible management and quick access to funds.
In addition, staked assets can be utilized as collateral for margin trading, maximizing capital efficiency without compromising portfolio liquidity.
AscendEX Restricted Countries
It's important to note that AscendEX's services are not available globally. Restricted countries include:
China (Mainland)
United States and its territories
Countries where cryptocurrency trading is banned (e.g., Nepal, Zimbabwe, Iran, North Korea)
AscendEX is not available in some regions such as USA and China
These restrictions are in place to comply with local regulations and laws. Users from restricted countries may need to explore alternative exchanges for their cryptocurrency trading needs.
AscendEX vs Top Exchanges
The table below compares AscendEX's features with popular crypto exchanges:
With trading fees range from 0.1000 to -0.0150%, AscendEx offers spot, margin and futures trading [100x maximum leverage]. Its daily trading volume is over $200M and has 9M global investors.
AscendEx exchange also offers cash trading and leveraged token trading but it has no licenses from any regulators.
FAQs
Is AscendEX safe to use?
AscendEX implements strong security measures, but has no regulatory licenses.
Can US residents use AscendEX?
No, AscendEX is not available to US residents due to regulatory restrictions.
Does AscendEX offer margin trading?
Yes, AscendEX provides margin trading with up to 100x leverage.
How long does verification take on AscendEX?
Verification typically takes up to 24 hours after submitting all required documents.
What is AscendEX and who operates it?
AscendEX, formerly known as BitMax, is a Singapore-based cryptocurrency exchange founded in 2018 and operated by AscendEX Technology S.R.L.. It provides a broad suite of services including spot, margin, futures, copy trading, and staking to users in 150+ countries.
How many cryptocurrencies are available on AscendEX?
AscendEX offers trading in 400+ digital assets and supports over 450 trading pairs, including major tokens like BTC, ETH, BNB, and meme coins such as DOGE and SHIB.
What are the trading fees on AscendEX?
Trading fees are based on a VIP-tiered maker/taker model:
Spot base fees: 0.1% (large-cap), 0.2% (altcoins)
Futures: From 0.06% to 0.0% (taker) and even negative maker fees (-0.015%) for VIP9 users
What is the maximum leverage offered by AscendEX?
AscendEX offers up to 1:100 leverage for margin and futures trading. Traders can manage risk using features like cross-asset collateral and intelligent risk engine tools.
Does AscendEX support fiat currency deposits and withdrawals?
Yes, AscendEX supports fiat-on-ramp services via credit/debit cards, Google Pay, Apple Pay, and wire transfers using providers like SIMPLEX, BANXA, and MERCURYO.
What is the minimum deposit amount on AscendEX?
The minimum deposit is just $1, making AscendEX highly accessible. For fiat purchases via third-party providers (e.g., Simplex), the minimum is typically $50.
How does the VIP system work on AscendEX?
Users are ranked from VIP0 to VIP9 based on their 30-day trading volume or ASD token holdings. Higher tiers receive lower fees, rebates, and access to exclusive features.
Does AscendEX offer copy trading?
Yes, AscendEX features a crypto copy trading platform where users can subscribe to top-performing traders, track results, and pay fees only on profitable trades.
What trading services are available on AscendEX?
AscendEX offers a wide range of services:
Spot & margin trading
Futures contracts
Staking & Earn
Copy trading
DEX & OTC escrow
Is KYC mandatory on AscendEX?
Yes, Users must complete KYC verification, including ID upload, address verification, and facial recognition before gaining full access and higher withdrawal limits.
What security features does AscendEX offer?
AscendEX uses 2FA, cold wallet storage, multi-layered defense, and real-time alerts. It also maintains an insurance fund and supports account freezing & anti-phishing tools.
Which countries are restricted from using AscendEX?
AscendEX does not operate in the USA, China, Iran, North Korea, Nepal, and Zimbabwe due to local regulatory restrictions.
Does AscendEX have mobile applications?
Yes, AscendEX offers mobile apps for both Android and iOS, allowing access to all trading features, deposits, copy trading, and real-time data tracking on the go.
AscendEX is the former BitMax that rebranded in 2019
There are 10 user levels in AscendEX
You can trade more than 450 trading pairs in AscendEx
Security measures of AscendEX to guarantee the safety of user assets
AscendEX trust scores indicate an average performance
AscendEX is not available in some regions such as USA and China