Introduction
AscendEX, formerly known as BitMax, rebranded on 22 March 2021. Headquartered in Singapore, the exchange offers a robust platform for trading 190+ cryptocurrencies and 40+ margin trading pairs. Led by industry veterans like CEO George Cao and COO Ariel Ling, AscendEX combines expertise in finance with innovative crypto solutions.
Key Features of AscendEX
1. Trading Platform Options
- Desktop: Preferred for advanced charting and multitasking.
- Mobile App: Available for iOS and Android, catering to on-the-go traders.
👉 Explore AscendEX’s mobile trading features
2. Leveraged Trading
- Borrow funds at competitive rates (as low as 0.01% daily).
Example:
100x leverage on a $100 BTC trade:
- 10% price increase → $1,000 profit (*vs. $10 without leverage*).
- 10% price drop → $1,000 loss.
3. Fee Structure
| Fee Type | Cost (VIP 0) | Industry Average |
|------------------------|-------------|------------------|
| Spot Trading (BTC) | 0.10% | 0.25% |
| Altcoin Trading | 0.20% | 0.30% |
| BTC Withdrawal | 0.0005 BTC | 0.0008 BTC |
4. Fiat On-Ramps
- Simplex Integration: Buy crypto via credit/debit cards (3.5% fee, $50 minimum).
Restricted Regions
- US investors are excluded due to SEC regulations.
FAQs
1. Is AscendEX safe?
Yes, with leadership from finance professionals and competitive security measures.
2. What cryptocurrencies does AscendEX support?
190+ assets, including Bitcoin, Ethereum, and margin trading pairs.
3. How do AscendEX fees compare to Binance?
AscendEX’s 0.10% spot fee undercuts Binance’s standard 0.10%–0.20%.
4. Can I use leverage on AscendEX?
Yes, up to 100x, but risks amplify losses proportionally.
5. Why was BitMax rebranded?
Strategic repositioning to reflect broader services under AscendEX.
Conclusion
AscendEX stands out for its low fees, diverse crypto offerings, and mobile accessibility. While US traders are excluded, global users benefit from its leveraged trading and seamless fiat integrations.
Ready to start trading? 👉 Visit AscendEX now
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