AscendEX Review
Website: https://ascendex.com/
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About company:
Global platform for decentralized cryptocurrency trading. AscendEX supports transactions with more than 100 coins. There is a native exchanger on the site. For performing certain actions (registration, placement of FD), the user receives bonuses. AscendEX charges a commission of 0.02-0.2% for trading. Its value depends on the trader’s monthly trading volume. The platform also has a copy trading service.
I have been trading here for a long time, before AscendEX I didn’t have much experience in trading. Here I quickly switched to a fully functional terminal. I can recommend the basic one for beginners, it has a more intuitive interface and there are no functions that you still don’t know how to use. I trade mainly in BTC, LTC and ETH, I also often make transactions with the internal ASD token. He has good turnover, plus they give nice bonuses for him. I don’t get into margin trading and futures, because I don’t really understand this and I don’t have experience, but I’m not used to taking risks in vain. But for the rest it may come in handy, the size of the shoulder is impressive. I also don’t go into investment chips (such as staking). On my own, I would like to add support for fiat, especially pairs like cryptocurrency / fiat. This moment is not critical, but I do not mind working with cross-currency directions.
I worked with Bitmax even before the rebranding, after which the essence did not change much. As there was a Chinese platform, it remained so. It’s far from the level of any binance, and I don’t believe that they will be able to get closer. They have a turnover in the region of 100 mults per day (for comparison, binance has about 11 lard), according to this indicator, they are barely a hundred. Hence, not everything is in order with liquidity. But if you are trading on running pairs, then there will be no problems. The exchange provides all the necessary tools for trading. There are different types of orders, spot and margin trades, futures, staking and a bunch of other things. The absence of fiat does not harm me personally, many large exchanges do not have it and everything is ok. The commissions are average, the withdrawal rates are small. With payments they do not pull and are withdrawn in full. In short, the exchange is adequate, it makes it possible to earn and withdraw this money.
I tried this exchange at the beginning of the year. In general, I did not see anything special. The exchange seems to be normal, there is spot and margin trading (leverage up to 25), as well as futures contracts. There are 3 markets on the spot, all cryptocurrencies, but a lot of instruments. In general, fiat is not supported by the exchange, except for the ability to buy a crypt through it in the exchanger. The trade itself can be conducted through the usual and professional terminals, here it is more convenient for anyone. As for liquidity, it all depends on the pair. I didn’t like working with alcoins through this exchange, they clearly lack the trading volume. Sometimes it was necessary to wait a long time for the execution of a limit order. For the leading couples, everything is fine. Also, I don’t understand the logic of the formation of commissions. For example, for some reason they made a division into trading commissions for large assets and for altcoins separately. It seems like a logical thing, because. this would help boost liquidity. But for some reason, the stakes for altcoin trading are higher, both for takers and makers. I can’t really say anything about the exchange itself, the only thing is that it is the successor to BitMax, but I didn’t trade on that exchange, so there is no information about it. But the reputation seems to be in order.