Cryptocurrency exchanges are evolving rapidly, offering traders diverse tools to navigate digital assets. AscendEX stands out with its blend of user-friendly features and advanced trading options, catering to both beginners and institutional investors. This review unpacks everything you need to know—from security protocols to passive income opportunities.
Key Takeaways
✅ Pros:
- Zero-commission trading for select cryptos
- 300+ cryptocurrencies with spot, margin, and futures trading
- Copy trading and OTC desk for all experience levels
- Staking and yield farming for passive income
❌ Cons:
- Not available to U.S. traders
- Limited crypto-fiat pairs
- Occasional customer support delays
What Is AscendEX?
Launched in 2018 by Wall Street veterans, AscendEX (formerly BitMax) is a global crypto exchange supporting over 9 million users. It combines traditional trading features with DeFi integrations like staking and yield farming.
Core Offerings
- Spot/Margin Trading: Up to 25x leverage on major pairs (BTC, ETH).
- Futures: 100x leverage on USDT perpetual contracts.
- Copy Trading: Mirror top traders’ strategies (futures only).
- OTC Desk: Tailored solutions for high-volume trades ($100k+ minimum).
Security Measures
After a 2021 hot wallet breach ($70M stolen), AscendEX overhauled its infrastructure with:
- Multi-sig wallets
- Cold storage for 95% of funds
- Insurance Fund to cover losses
- Real-time monitoring for suspicious activity
Trading Fees
| VIP Tier | Maker Fee | Taker Fee |
|--------------|----------|----------|
| Standard | 0.1% | 0.1% |
| VIP8 | 0% | 0.025% |
- Margin Trading: 0.02%–0.04% (based on 30-day volume).
- Futures: 0.4% maker / 0.6% taker fees.
👉 Compare fees across exchanges
Passive Income Options
- Staking: Earn rewards on ASD, BTC, or USDT.
- Yield Farming: One-click DeFi pools (mobile-only).
- Rewards Center: Earn SATs (Satoshi tokens) for completing tasks.
How to Get Started
Step 1: Sign Up
- Visit AscendEX.
- Register via email or Google/Apple ID.
- Complete KYC verification.
Step 2: Fund Your Account
- Deposit crypto (no fiat support).
Step 3: Start Trading
- Navigate to "Trade" → Choose spot, margin, or futures.
FAQs
1. Is AscendEX available in the U.S.?
No. U.S. traders can explore alternatives like Kraken or Coinbase.
2. What’s the minimum deposit for OTC trades?
$100,000 per transaction.
3. Does AscendEX charge for withdrawals?
Yes—fees vary by cryptocurrency (e.g., 0.0005 BTC for Bitcoin).
4. How does copy trading work?
Automatically replicate trades of experts for a monthly fee (500 USDT minimum balance).
Final Verdict
AscendEX excels with its diverse trading options and passive income tools, though U.S. unavailability and slow support are drawbacks. Ideal for global traders seeking leveraged strategies or DeFi integrations.
👉 Explore AscendEX alternatives
Disclaimer: This content is for informational purposes only. Cryptocurrency investments carry risks—always conduct independent research.