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AscendEX Review

Last Updated on January 31, 2024

James Headshot
Written by
Adam Headshot
Edited by
AscendEX logo
3.07
Crypto Head Rating
Our review is based on the spot trading platform. Please check our methodology on how we rate exchanges for further information.
Visit AscendEX

The Bottom Line Our review is based on the spot trading platform. Please check our methodology on how we rate exchanges for further information.

AscendEX is a centralized cryptocurrency exchange that manages to strike a balance between offering advanced trading tools and being accessible to less experienced traders. Its diverse range of services, including passive income earning options, is a testament to its adaptability and commitment to its customers’ needs.

As a platform that is steadily growing and responding to the demands of the crypto market, AscendEX is certainly worthy of consideration for anyone interested in digital asset trading.

Table of Contents
Disclaimer: This is not a validation of cryptocurrency or any particular provider, service, or product. It should not be taken as advice to engage in trading or use any services. Please check our terms and conditions.

Pros

  • Broad range of cryptocurrencies available
  • Multiple trading pairs with fiat and stablecoins
  • Staking and margin trading options
  • User-friendly interface for beginners
  • Robust security measures

Cons

  • History of regulatory issues in some jurisdictions
  • Customer support can be slow to respond
  • Complex fee structure can be confusing
  • Limited educational resources for new traders
  • Not available to users in all countries due to regional restrictions

Quick Summary

Headquarters Location Singapore
Fiat Currencies Supported USD, AUD, GBP, CAD, EUR, NZD + 55 others (some through third party apps)
Total Supported Cryptocurrencies 345+
Trading Fees -0.015% - 0.2%
Deposit Methods Bank Transfer, Debit Card, Credit Card, Cryptocurrency, Apple Pay, Google Pay, Banxa, Mercuryo, MoonPay, Simplex
Support Twitter, Live Chat, Help Center Articles, Support Ticket
Mobile App Yes - iOS, Android

Welcome to our comprehensive review of AscendEX Exchange, a significant player in the realm of digital currency exchanges. This piece offers an in-depth look at the various facets of AscendEX, helping you understand its services and features.

AscendEX homepage

AscendEX Exchange has carved its niche within the bustling domain of cryptocurrency exchanges by delivering a platform that appeals to a wide spectrum of individuals interested in digital currency investment. Its offerings resonate with those seeking to diversify their portfolio across various trading products.

By sustaining a forward-looking stance, AscendEX has demonstrated its commitment to growth and innovation, ensuring that users have access to the latest advancements in crypto trading.

About AscendEX

AscendEX, originally BitMax, is a Singapore-based cryptocurrency exchange that has been making waves in the crypto market since its inception. Co-founded by industry veterans Ariel Ling and Shane Molidor, the platform has grown to offer a wide array of digital assets across numerous trading pairs.

AscendEX prides itself on its robust platform that caters to both professional traders and novices alike.

AscendEX features

Since its entrance into the market, AscendEX has navigated the dynamic tides of the cryptocurrency industry. The company’s trajectory has mirrored the evolutionary path of digital assets, adjusting to new regulations and expanding in response to users’ demands.

Market trends, such as the burgeoning interest in tokens associated with decentralized finance (DeFi), have shaped its strategy. AscendEX has sought to partner with various foreign companies and investment banks, broadening its reach and enhancing the depth of its digital asset offerings.

This has positioned the exchange as a significant hub for traders seeking a broad market spectrum from Bitcoin and Ethereum to newer altcoin projects.

AscendEX has a number of active social profiles including Facebook, Twitter, Instagram, LinkedIn, Reddit and YouTube.

AscendEX has a mobile app on both the Apple App Store and Google Play.

AscendEX Supported Cryptocurrencies

AscendEX supports trading on over 345 cryptocurrencies on their platform. This exchange currently supports 24 of the top 30 market cap cryptocurrencies.

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Tether USDt (USDT)
  • BNB (BNB)
  • Solana (SOL)
  • XRP (XRP)
  • USDC (USDC)
  • Cardano (ADA)
  • Dogecoin (DOGE)
  • Avalanche (AVAX)
  • Chainlink (LINK)
  • TRON (TRX)
  • Shiba Inu (SHIB)
  • Polkadot (DOT)
  • Polygon (MATIC)
  • Toncoin (TON)
  • Bitcoin Cash (BCH)
  • Uniswap (UNI)
  • Litecoin (LTC)
  • Internet Computer (ICP)
  • Dai (DAI)
  • Ethereum Classic (ETC)
  • Cosmos (ATOM)
  • UNUS SED LEO (LEO)
  • Filecoin (FIL)
  • Immutable (IMX)
  • Aptos (APT)
  • NEAR Protocol (NEAR)
  • Stacks (STX)
  • Bittensor (TAO)

View all cryptocurrencies AscendEX supports

  • 1INCH
  • AAVE
  • ACH
  • ADA
  • AEGIS
  • AGI
  • AGIX
  • AICODE
  • AIDOGE
  • AKRO
  • AKT
  • ALGO
  • ALICE
  • ANKR
  • ANML
  • APE
  • APT
  • ARB
  • ARBS
  • ARV
  • ASD
  • ASDP
  • ATLAS
  • ATOLO
  • ATOM
  • AVAX
  • AX
  • AXS
  • BAND
  • BAT
  • BCH
  • BEPRO
  • BLUE
  • BLUR
  • BNB
  • BOB
  • BOLT
  • BSGG
  • BSV
  • BTC
  • BTT
  • BYN
  • C98
  • CAKE
  • CAPO
  • CAPS
  • CAPY
  • CART
  • CCD
  • CELR
  • CET
  • CGPT
  • CHECKS
  • CHR
  • CHZ
  • CKB
  • CLIPS
  • CNFI
  • CNS
  • COMP
  • CONV
  • COPI
  • COPIUM
  • COTI
  • CPOOL
  • CQT
  • CRO
  • CRV
  • CRWNY
  • CSPR
  • CUDOS
  • CVX
  • CWS
  • CYMI
  • DAD
  • DAFI
  • DAO
  • DASH
  • DC
  • DEC
  • DEGO
  • DESO
  • DGEN
  • DIA
  • DIVER
  • DIVI
  • DOGE
  • DOGPAD
  • DOSE
  • DOT
  • DUSK
  • DVPN
  • DYDX
  • EDU
  • EGLD
  • ELF
  • ENJ
  • EOS
  • ERA
  • ETC
  • ETH
  • ETHW
  • FAX
  • FERC
  • FET
  • FIDA
  • FIL
  • FIN
  • FINE
  • FIO
  • FIS
  • FLAME
  • FLEX
  • FLOKI
  • FREL
  • FRIN
  • FRM
  • FRONT
  • FTM
  • FTRB
  • FTT
  • FUSE
  • FWC
  • FXS
  • GAL
  • GAU
  • GDT
  • GEEQ
  • GMX
  • GNO
  • GNS
  • GRT
  • GTH
  • HAHA
  • HAPI
  • HARD
  • HER
  • HFT
  • HGET
  • HIGH
  • HOD
  • HOLD
  • HOOK
  • HOPR
  • HOT
  • HPB
  • HT
  • HTR
  • IC
  • IDO
  • IMG
  • IMX
  • INJ
  • IOST
  • JET
  • JULD
  • KASTA
  • KAVA
  • KCS
  • KEX
  • KIN
  • LADYS
  • LARRY
  • LDO
  • LEO
  • LIKE
  • LIME
  • LINA
  • LINDACEO
  • LINK
  • LKR
  • LOKA
  • LOOKS
  • LOVELY
  • LOYAL
  • LRC
  • LTC
  • LTO
  • LUSD
  • MAHA
  • MANA
  • MAPS
  • MARSH
  • MASK
  • MATIC
  • MEME
  • MEMEME
  • MHUNT
  • MIM
  • MIT
  • MIX
  • MNFT
  • MNGO
  • MONG
  • MONI
  • MPL
  • MPLX
  • NEAR
  • NEO
  • NGM
  • NHCT
  • NIM
  • NIOX
  • NOVA
  • NSURE
  • ODDZ
  • OG
  • OLT
  • OM
  • OMG
  • OMI
  • ONE
  • ONG
  • ONT
  • OP
  • OPUL
  • ORDI
  • ORN
  • OSHI
  • OXBT
  • OXY
  • PC
  • PDEX
  • PEPE
  • PIZA
  • PLAY
  • PLCU
  • PLN
  • PLOT
  • PLU
  • PNB
  • POLC
  • POLIS
  • PORT
  • PROM
  • PRXY
  • PSY
  • PSYOP
  • PTF
  • QNT
  • QRDO
  • QTUM
  • QUICK
  • QWAN
  • RAIN
  • RDNT
  • REKT
  • REVV
  • RFD
  • RFUEL
  • RNDR
  • ROUTE
  • ROWAN
  • RPL
  • RUNE
  • RVN
  • SAFE
  • SAND
  • SATS
  • SEAN
  • SENATE
  • SFP
  • SHIB
  • SHIBAI
  • SHOPX
  • SIDUS
  • SLIM
  • SMTY
  • SNX
  • SNY
  • SOL
  • SOV
  • SPCFIN
  • SQUIDGROW
  • SRM
  • SSV
  • STARS
  • STF
  • STOS
  • STS
  • SUI
  • SUSHI
  • SWAP
  • SWEAT
  • SWINGBY
  • SWP
  • SX
  • SYP
  • TARA
  • TOKO
  • TOON
  • TRAXX
  • TRX
  • TURBO
  • TVK
  • UAT
  • UFT
  • UMB
  • UNI
  • UOS
  • USDD
  • USDT
  • USDX
  • VERA
  • VET
  • VMPX
  • VOXEL
  • VRA
  • WAGMI
  • WAS
  • WAVES
  • WBTC
  • WFAI
  • WHEE
  • WIN
  • WLD
  • WLKN
  • WOJAK
  • WOO
  • WOOO
  • WSB
  • WTF
  • XCAD
  • XDAI
  • XEC
  • XEM
  • XEN
  • XEND
  • XLM
  • XPRT
  • XRD
  • XRP
  • XTZ
  • YCT
  • YESP
  • YLD
  • ZAT
  • ZBC
  • ZEC
  • ZEE
  • ZIG
  • ZIL
  • ZPC
  • ZRX
  • ZZZ

Trading Experience

AscendEX provides a seamless trading experience, thanks to its intuitive user interface and a comprehensive suite of trading features. From spot trading to derivatives trading services, AscendEX caters to the needs of different trading strategies.

The platform’s commitment to providing a high-quality trading environment is evident in its continuous backend integration and updates.

The trading experience on AscendEX is crafted to meet the demands of a varied trading audience, from those engaged in normal trading to those seeking sophisticated investment solutions like perpetual contracts with up to 100x leverage. The seamless integration of trading features – including Spot Trading, futures trading, and options for staked assets – is complemented by backend integration, which serves active trading clients by providing a responsive and reliable trading solution.

The exchange’s dedication to a refined cryptocurrency trading experience is further demonstrated by its support for multiple currencies and its provision of a secure, decentralized platform for those who prefer such an avenue for their crypto assets.

AscendEX exchange marketing

AscendEX Fees

The fee structure at AscendEX is designed to be competitive and cater to a diverse range of traders. The platform typically adopts a tiered system where fees vary depending on the user’s trading volume, offering incentives for high-value traders.

AscendEX may also provide different fee rates for makers and takers to encourage liquidity on the platform.

AscendEX’s fee strategy encompasses a nuanced approach, recognizing the diversity within the trading community. The fee model is crafted to be equitable for novice traders, who may be making direct deposits using bank cards, and also for professional traders engaging in leveraged trading or using the platform’s derivative trading features.

The exchange employs a non-static trading fee structure which adjusts with the traders’ activity over periods, adding an element of dynamism to the financial interaction between the exchange and its customers.

Type Fee
Deposit Fee (Bank Transfer) Free
Deposit Fee (Credit/Debit Card) Free
Trading Fee -0.015% - 0.2%
Withdrawal Fee (Bank Transfer) $35 USD - $75 USD

AscendEX supports a range of different cryptocurrencies with varying withdrawal fees. When looking at Bitcoin, their withdrawal fee is 0.0005 BTC compared to the industry average of 0.000075 BTC. So AscendEX has a fee that is above the industry average by 566.67%.

AscendEX has a maker/taker fee schedule which you can see below.

VIP Level Trailing 30d Trade Volume (USDT) Category Trailing 30d Avg ASD Holdings Maker / Taker Fee (Large Market Cap Assets)
Maker / Taker Fee (Altcoins)
VIP0 β‰₯ 0 OR β‰₯ 0 0.1% / 0.1%
0.2% / 0.2%
VIP1 β‰₯ 100,000 OR β‰₯ 5,000 0.09% / 0.10%
0.18% / 0.20%
VIP2 β‰₯ 1,000,000 OR β‰₯ 20,000 0.075% / 0.085%
0.16% / 0.18%
VIP3 β‰₯ 5,000,000 OR β‰₯ 100,000 0.06% / 0.07%
0.13% / 0.15%
VIP4 β‰₯ 10,000,000 OR β‰₯ 250,000 0.05% / 0.06%
0.10% / 0.12%
VIP5 β‰₯ 25,000,000 OR β‰₯ 500,000 0.04% / 0.05%
0.075% / 0.100%
VIP6 β‰₯ 50,000,000 OR β‰₯ 1,000,000 0.03% / 0.04%
0.05% / 0.07%
VIP7 β‰₯ 100,000,000 OR β‰₯ 1,500,000 0.02% / 0.03%
0.02% / 0.04%
VIP8 β‰₯ 150,000,000 AND β‰₯ 2,500,000 0.000% / 0.025%
0.000% / 0.025%
VIP9 β‰₯ 500,000,000 AND β‰₯ 5,000,000 -0.015% / 0.020%
-0.015% / 0.020%

Security - Is AscendEX Safe?

AscendEX takes security seriously, employing a multi-tiered and multi-clustered architecture with safeguards such as two-factor authentication and cold storage for customer funds. The platform adheres to strict security protocols to mitigate the risk of cyber attacks and protect its users.

AscendEX employs a comprehensive range of security measures, aligning with the practices of reliable brokerage companies and blockchain security firms. The platform’s safeguards extend beyond the norm, encompassing cutting-edge technologies to secure both customer funds and trading data.

The architecture of the platform token and the additional layers of defense against unauthorized access, such as the discretionary verification procedure, underscore the exchange’s stringent focus on maintaining user trust. AscendEX’s commitment to security is also evidenced in its cooperation with law enforcement to prevent market manipulation and ensure a fair trading environment.

AscendEX Customer Support

Customer service is a cornerstone of AscendEX’s offering. The exchange boasts a responsive customer support team that assists with inquiries and issues promptly.

Traders can expect support through multiple channels, ensuring they receive the help they need when they need it.

AscendEX’s customer service infrastructure is designed to back its robust trading system, ensuring that customers receive support tailored to the intricacies of digital asset trading. The support team addresses a range of queries, from assistance with the verification process to resolving issues related to complex trading instruments.

The commitment to customer service is a cornerstone of the exchange’s philosophy, and the provision of efficient, empathetic support is regarded as integral to the overall trading experience.

AscendEX support

AscendEX Support Channels

  • Facebook
  • Twitter
  • Instagram
  • Live Chat
  • Help Center Articles
  • Support Ticket

How to Sign Up on AscendEX

  1. Create Account - Visit the AscendEX website and fill out the create account form. You'll need to include a valid email, set your password and type in other details like your phone number and name.
  2. Verify Account - Confirm your email, you should get an email asking you to verify your account creation.
  3. Transferring Funds - Once your account has been verified, you can deposit using the deposit methods listed below, including some options through third party apps.
  4. Start Trading Crypto - That's it! You should now have everything in place to start trading.

Deposit Methods

  • Bank Transfer
  • Debit Card
  • Credit Card
  • Cryptocurrency
  • Paypal
  • Apple Pay
  • Google Pay
  • Banxa
  • Mercuryo
  • MoonPay
  • Simplex

AscendEX Alternatives

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Crypto Head Rating
Our review is based on the spot trading platform. Please check our methodology on how we rate exchanges for further information.

Total Supported Cryptocurrencies
359+

Trading Fees
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Fiat Currencies Supported
USD, GBP, CAD, EUR, NZD + 78 others

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Crypto Head Rating
Our review is based on the spot trading platform. Please check our methodology on how we rate exchanges for further information.

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Fiat Currencies Supported
USD, AUD, GBP, CAD, EUR + 1 other

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Crypto Head Rating
Our review is based on the spot trading platform. Please check our methodology on how we rate exchanges for further information.

Total Supported Cryptocurrencies
332+

Trading Fees
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Fiat Currencies Supported
USD, AUD, GBP, CAD, EUR, NZD + 85 others

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Final Thoughts

AscendEX stands out as a crypto exchange with its user-centric approach and a broad selection of trading options. It’s a platform that seems to evolve continually, adding new features to enhance the trading experience.

In the greater context of digital finance, crypto exchanges serve as pivotal gateways, shaping access and possibility within this rapidly evolving ecosystem. They are increasingly recognized as fundamental components in the architecture of modern finance, driving innovation in areas such as passive income earning options, and decentralized liquidity pools.

The agility with which these platforms adapt to market shifts, regulatory updates, and technological advancements reflects their crucial role in both the current landscape and the unfolding future of the industry.

AscendEX FAQs

Assessing the safety of a cryptocurrency exchange like AscendEX involves considering various factors such as security measures in place, the exchange’s operational history, and user reviews. AscendEX employs security protocols to protect its users’ funds and data, but as with any online platform, there is always a degree of risk.

Users should do their research and consider the track record of the exchange and any reported incidents before making a decision.

Yes, users can withdraw funds from AscendEX. To do so, one must navigate to the withdrawal section of the exchange, select the desired cryptocurrency, enter the amount, and provide the correct withdrawal address.

It is important to follow the exchange’s guidelines and possibly complete any required KYC procedures to ensure a smooth withdrawal process.

AscendEX, like many other exchanges, has Know Your Customer (KYC) procedures in place. KYC is a verification process that requires users to provide proof of identity and, in some cases, proof of address.

While limited functionality might be available without KYC, performing KYC can provide access to full exchange features and higher transaction limits.

AscendEX’s transaction fees vary depending on the type of trade executed and the user’s trading volume. The exchange typically charges a maker-taker fee structure, where fees are different for those who add liquidity to the market (makers) and those who take liquidity away (takers).

Fees can be reduced based on the user’s 30-day trading volume or holding a certain amount of the exchange’s native token.

To deposit money into AscendEX, log in to the exchange, navigate to the “Deposit” section, select the type of currency or cryptocurrency you want to deposit, and follow the instructions provided. Deposits can usually be made via bank transfer, credit card, or by transferring cryptocurrency from a wallet or another exchange.

To use USDT (Tether) in AscendEX, you first need to deposit USDT into your AscendEX wallet. Once deposited, you can trade USDT for various other cryptocurrencies available on the platform.

Ensure that you are using the correct network for USDT deposits and withdrawals to avoid any loss of funds.

The ranking of AscendEX exchange can vary depending on the criteria used, such as trading volume, user reviews, or security. AscendEX is known to be among the popular cryptocurrency exchanges globally, but for the most current and specific ranking, one should refer to updated rankings from trusted sources in the cryptocurrency industry.

If this question is referring to a specific event, it would be necessary to have current and accurate information to provide an answer. There have been instances in the past where exchanges, including AscendEX, have faced security breaches or operational issues.

For the latest information on AscendEX, it is advisable to check the latest news releases or the exchange’s official communications.

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Methodology

At Crypto Head we use a rigorous research and rating process to assess each platform. Our star rating system is out of 5 stars and is designed to condense a large amount of information into an easy-to-understand format. You can read our full methodology and rating system for more details.

About The Authors

James Headshot
Written by

Crypto Technical Writer

James Page, previously the lead writer at Crypto Head and a registered psychologist, brings a unique perspective to the world of blockchain and cryptocurrency.

His extensive experience in the industry and ability to present complex concepts in an understandable manner make his articles a valuable resource for readers seeking to navigate the ever-evolving crypto landscape.

Check James out on:
Adam Headshot
Edited by

Co-Founder / Managing Editor

Adam Morris, the co-founder of Crypto Head and a respected crypto expert, offers insightful commentary and analysis on cryptocurrency, NFTs, and the evolving digital landscape.

His extensive experience and features in top-tier publications like Forbes and CNN underscore his deep understanding of the crypto world and its future potential.

Check Adam out on: