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, 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.
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:
- Facilitates trading of various digital assets, including cryptocurrencies and virtual currencies;
- Offers 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;
- Requires users to complete identity verification and comply with its Compliance Program;
- Reserves the right to suspend or terminate accounts violating laws, regulations, or platform policies.
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 |
Services | Cash Trading, Copy Trading, Leveraged Token Trading, Staking, DEX, OTC Escrow |
Customer Support Ways | Ticket |
Customer Support Hours | 24/7 |
Fiat Deposit | Yes |
Affiliate Program | No |
Orders Execution | Limit Order, Market Order |
Native Token | ASD |
Restricted Countries | China, United States, Nepal, Zimbawe, Iran, North Korea |
AscendEX Exchange User Levels
AscendEX takes user levels seriously, implementing a tiered system based on 30 days trading volume and there are 10 levels. 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 Fees and Commissions of Ascendex Exchange?
AscendEX offers a competitive fee structure that rewards high-volume traders with lower fees. AscendEX fees:
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 |
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 available;
- More than 450 trading pairs;
- Major cryptocurrencies: 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 and etc.].
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 what you think. AscendEX Sign up:
- Visit the AscendEX website or download the mobile app;
- Click on "Register" and choose between email or phone registration;
- Enter email or phone number and create password;
- Write the verification code that sent to your email.
Registration is complete; but wait, you have to complete verification process. AscendEX KYC:
- Complete personal information;
- Upload photos of your ID documents;
- Complete the facial recognition scan;
- Wait for verification approval (usually within 24 hours).
Once verified, you'll have full access to AscendEX's features and higher withdrawal limits. The platform offers both PC-based and mobile app verification flows, ensuring a smooth onboarding experience for all users.
What Are Security and Safety Measures of AscendEX?
Security is a top priority for AscendEX, as evidenced by their comprehensive safety measures:
- Cold storage for user assets;
- Multi-layered defense for on-platform transfers;
- Two-factor authentication (2FA) for all accounts;
- 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.
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 deposits
These diverse payment methods make it easier for users to buy cryptocurrencies using their preferred fiat currencies, enhancing accessibility to the crypto market.
Trust Scores
While AscendEX offers a wide range of features and services, Its user reviews in platforms such as Trustpilot are not good enough. AscendEX trust scores:
- Trustpilot: 1.9/5 from 139 reviews;
- CoinGecko: 8/10;
- CoinMarketCap: 5.6/10.
Users Reports "inactivity fees" leading to potential loss of funds and Complaints about customer service quality; which lead to poor trust scores.
AscendEX Copy Trading Overview
AscendEX offers Copy Trading Service and it allows users to follow and replicate the strategies of top-performing traders. AscendEX crypto copy trading:
- 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.
Trading Finder Writer's Opinion and Conclusion
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.
