The AAX crypto exchange is one of the leading crypto trading exchanges, offering professional traders advanced trading features to perform technical analysis, trading strategies and market insights, high trading volume, high liquidity, and fast transactions. AAX (Atom Asset Exchange) is a cryptocurrency platform founded in 2018.
The AAX cryptocurrency exchange offers performance, security, and integrity. In addition, it offers an intuitive user interface with the latest security standards. Also, it offers a mobile trading app for traders to trade on the go. The AAX exchange is part of ATOM International Technology Private Limited, a leading global fintech company with offices in Europe, North America, and Asia. Explore the AAX review to know the cons of this brokerage service and provide a transparent and unbiased review. Let’s find out all the features, pros, and cons of the AAX cryptocurrency exchange.
What is the AAX crypto exchange?
AAX is a leading crypto trading exchange developed in early 2018 and successfully launched in 2019. This exchange was created with retailers in mind to increase the adoption of blockchain technology. Some of the features of AAX crypto exchange are its advanced digital services and products such as futures exchanges, interest accounts to earn high interest, and crypto markets.
AAX Exchange team members hail from the Asia Pacific and are a well-known leading digital currency exchange in this region. AAX Exchange CEO Thor Chan has held positions at App Annie, Microsoft, and FDTGroup. He also developed low-latency trading systems that formed the basis of the creation of AAX into one of the leading institutional digital currency exchanges.
Trading partner of the AAX exchange
According to AAX crypto exchange Review, AAX is the only exchange operated by the London Stock Exchange Group. It is registered in Malta due to its lenient regulations. Their partners for automated trading are Quadency and Stacked; their partners help this exchange automate various trading strategies, access trading bots, and monitor their stocks. This exchange can execute 100,000 transactions per second and the orders are executed with less than 90ms latency.
Is the AAX regulated?
According to our AAX crypto exchange review, AAX is regulated and registered in Malta as AAX crypto exchange Malta Limited. However, running a crypto exchange in Malta is very common as the regulations on cryptocurrency exchanges are lenient. AAX’s parent company is Atom International Technology Limited and is registered with the Hong Kong authorities. In addition, this company is monitored by the city authorities. Always make sure that the AAX regulations correspond to the required standard of your country.
AAX Exchange features and benefits
According to our research, this AAX crypto exchange offers dedicated trading bots and a full suite of cryptocurrency services to users around the world. This trading platform provides various products like fiat to crypto exchange, futures market and you can earn high interest with AAX savings account and futures market.
AAX is the only crypto exchange based on the LSEG technology used by the Oslo Stock Exchange, Borsa Italiana, and the London Stock Exchange. LSEG’s technology allows traders to execute orders instantly and get the best prices. There are numerous trading pairs available for AAX users. Some popular trading pairs are BTC/USDT, ETH/USDT, LINK/USDT, and AAB/USDT. Trading fees on AAX remain the same regardless of the trading pair.
AAX Exchange offers crypto charting software powered by Trading View, which offers indicators, advanced trading tools, and chart pattern overlays that can be used for spot and futures trading technical analysis. The trading software is available on Android and iOS mobile devices. The exchange has partnered with Solidus Labs to offer software that alerts its traders to market manipulation.
Enjoy the zero trading fee program on all its spot pairs. AAX spot trading offers 50 market pairs. Users trading on the platform has access to completely free transactions, for both maker and taker orders and across all trading volume categories. The exchange offers unparalleled stability and minimal latency, making it ideal for institutional, professional, and new traders.
Products and Services offered by AAX crypto exchange
According to the AAX Exchange Review, it offers a mobile-friendly application that can be accessed from both iOS and Android devices. It has all the features available on its website where users can download the app by scanning the QR code from the website. They can also get the latest updates, blog posts, and notifications.
- It offers an easy-to-use and user-friendly platform. This exchange supports numerous languages that are helpful to their users. In addition, the AAX Academy offers several valuable resources such as training tutorials, stock market guides, trading tutorials, general cryptocurrency topics, and future guides.
- AAX’s affiliate program is known as AAX Tribe and it allows to earn passive income. If the user registers through a referral link, he can earn a small amount as a commission for every single trade executed. You can earn at least 40% as direct commission and 10% as second-level commission.
- AAX crypto exchange offers a platform for P2P fiat trading, lending, and spot trading in addition to the standard crypto trading features. The OTC platform simplifies trade execution for large clients, while the fast buy option is ideal for new traders looking to buy their first bitcoin. AAX has launched two new cryptocurrencies Moonlana and Bitcoin Latinum (LTNM).
- This exchange offers traders a built-in calculator to calculate profits and losses for closed trades. They can calculate their liquidation price and ROE percentage, which helps the user to plan their trades and avoid losses.
- AAX Savings help users with a 50% higher than market guarantee. It also generates returns every minute; this service does not require any fees and traders can deposit and withdraw their funds at any time.
AAX crypto exchange: pros and cons
- AAX crypto exchange offers an easy-to-use and beginner-friendly platform.
- Provides AAX Mobile App for easy trading.
- Users do not have to undergo the KYC process to trade crypto.
- AAX crypto exchange offers the ability to buy crypto with fiat currencies.
- AAX crypto exchange has AAX Tribe, its affiliate program for its users.
- This exchange offers a built-in calculator to calculate profits/losses.
- Do not admit US investors.
- Low liquidity.
- Mobile application needs improvement.
Registration and login process at AAX crypto exchange
If the user wants to buy, trade, send, receive or sell crypto through the platform, they need to create an account through the website. The main criterion is that they should be 18 years or older. This exchange does not charge any fees for creating and maintaining an account, trading wallet, and internal transfers. By creating a basic account, the user can deposit bitcoin for trading purposes. If the user wants to deposit fiat currency, he should complete the AAX crypto exchange KYC process to access this platform.
Here are the steps to register on the AAX crypto exchange:
- Registering with this exchange is straightforward. The trader needs to go to the AAX website and click on the login button. You will need to enter the details to create an account and then you will receive an email asking you to confirm your email address. They will also receive an email from AAX asking them to follow identification procedures.
- The KYC procedures are not mandatory and if the user uses futures trading on the AAX exchange, KYC is not required. In addition, the user should know that he cannot buy digital assets in fiat currencies on this exchange, for example, by transferring them to your bank account.
- AAX crypto exchange also offers Level 1 verification for savings accounts. The user must provide an identity document such as a passport or ID card and proof of address such as a utility bill or rental agreement.
AAX Trading Fees
The AAX exchange trading fees follow the maker and taker model and start at 0.060% to 0.100% for the crypto market and limit orders. The trading fees for takers are 0.10%. Depending on the trader’s 30-day rolling trade amount, trading fees are as low as 0.010%. The users can use these exchange AAB tokens and get a fee reduction with a 20% fee discount.
AAX crypto exchange spot trading fee
This exchange uses the maker and taker model and offers its users a 10-tier model based on trade amount. Further fee discounts depend on the trading volume of futures, OTC trading, and spot trading. However, check the table below to know what futures trading fees are for futures markets:
AAX crypto exchange Deposit Fees
AAX is one of the leading cryptocurrency exchanges that allow users to deposit using digital assets only, from all deposit methods. Also, no deposit fees are charged for transferring the funds from the hard disk storage device to the AAX crypto exchange e-wallet. It does not internally charge for transferring cryptocurrencies between AAX accounts.
AAX Withdrawal Fees
The AAX crypto exchange fiat withdrawals are paid, and if the user wants to transfer Bitcoin or other digital currencies from the exchange, the fees vary depending on the type of coin. There is a minimum amount that can be withdrawn. The calculated fiat withdrawal fee is 0.0004 BTC for Bitcoin. Fiat withdrawal fees are considered competitive compared to other exchanges.
Payment methods offered by AAX crypto exchange
AAX crypto exchange offers users numerous methods to fund their trading accounts. The two main methods are depositing funds through fiat currency digital currencies. The merchant can use the traditional payment method to take advantage of the fiat-to-crypto gateway offered by its strategic partners.
The merchant should complete the ID verification with an ID card, driver’s license, or a passport and the AAX exchange KYC facial authentication (biometrics) procedures. If you want to use it. Also, Depending on the country of origin, some of the methods used to deposit fiat currency are credit and debit cards, bank transfers, and Visa and MasterCard transactions. This exchange does not charge any additional fees for the deposits. No fees are charged for over-the-counter (OTC) trading.
Is AAX crypto exchange secure?
It is a secure cryptocurrency exchange that offers numerous security features and insurance. Users’ funds are protected along with their personal information. This exchange conforms to the Cryptocurrency Security Standard (CCSS), a widely accepted standard used to secure cryptocurrency systems. Also, Some of the security measures offered by this exchange are cold wallet storage and hardware security modules used to protect Bitcoin private keys. It offers traders access to multi-factor authentication and the option to have insured crypto custody with fully regulated entities for their funds.
AAX supported currencies and countries
The AAX crypto exchange is an easily accessible platform that has multiple offices across the Asia Pacific to help its traders and users from Taiwan, Malaysia, Singapore, Thailand, Australia, New Zealand, and China use this exchange for crypto trading. Additionally, certain countries do not allow access to this cryptocurrency exchange. This exchange supports more than 40 cryptocurrencies and some of the most popular ones include BTC, XRP, ETH, YFI, etc.
AAX Token (AAB)
The native exchange token of the AAX trading exchange is the AAB token. AAB Token is based on the Ethereum network, which is an integral part of this exchange; it offers numerous benefits to the exchange’s AAB token holders, such as B. Optional trading signals to support the AAX crypto exchange. AAB tokens, one of the exchange tokens, offer a 20% trading discount on spot, futures, and OTC trading. Users can get random airdrops, increased competition bonuses, and quarterly buybacks. Additionally, the AAX exchange rewards its users for collecting AAB tokens for free and has a fixed supply of 50 million that will be released over 5 years. Traders can trade USDT, BTC, and AAB tokens directly.
AAX crypto exchange Mobile App
AAX offers traders a responsive and intuitive mobile app that allows them to execute trades anytime, anywhere. The AAX app is available for users to download from their Android and iOS devices. It also offers the same functionality as the desktop and can be accessed at any time. It has received the highest rating according to several AAX crypto exchange reviews, and users have stated that the app is very easy to use.
AAX Privacy and Security
Customer funds and their information security should be the top priority for any cryptocurrency exchange. The bulk of the user’s funds is stored in the AAX wallets and kept in cold storage. Also, For investors who trade on a large scale, this exchange offers an insurance custody system for their assets.
AAX user accounts require two-factor authentication, which serves as an additional layer of security; additionally, it offers a proprietary multi-currency wallet that conforms to industry standards. Also, Kroll is the security advisor for the cryptocurrency trading exchange.
AAX crypto Exchange Customer Support
According to AAX research, the AAX exchange offers robust 24×7 customer support. AAX cryptocurrency exchanges offer a live chat facility where the service agents are very knowledgeable and helpful. It also offers fairly active Telegram channels and users can also connect with them through Twitter and YouTube channels where they can learn more about using various products offered by the exchange. It also offers a very user-friendly support center and the users can check their doubts in the FAQ section of the platform.
AAX crypto exchange Review: Summary
To sum up, AAX crypto exchange is a well-known trading platform and is used by traders of different levels of experience as it is the safest cryptocurrency exchange. It offers a competitive trading fee and some features are trade view charts, institutional grid infrastructure, and intuitive trading platform AAX.
In conclusion, this safe exchange is well known to most retail traders as well as investors planning to diversify their portfolios and those looking to hedge the futures markets through USDT futures contracts. It also offers trades with USDT settlement and trades with BTC settlement. Also, It offers robust security protocols, a variety of trading options, and great customer support for its traders. It uses third-party software to prevent any kind of market manipulation. AAX also rewards its user with free AAB tokens. Therefore, we can say that AAX is worth trying.
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