AAX Review
Website: https://www.aax.com/
About company:
Team History
AAX was founded in early 2018 and after over 18 months of research and development, the exchange was officially launched in November 2019.
From the outset, the goal was to create a digital asset exchange that would be attractive to the vibrant community of retail traders, while still being able to withstand regulatory scrutiny and suit institutional financial market participants.
To create a world-class exchange suitable for both retail and institutional investors, we have brought together professionals from the world of cryptocurrencies, creatives, as well as from corporate structures such as HSBC, IBM and JPMorgan.
AAX has offices throughout the Asia-Pacific region and a team of 200 is led by CEO Thor Chan. Drawing on his experience as Deputy CEO of FDT Group, product management experience at App Annie and Microsoft, and experience in building low latency trading systems, Chan successfully established AAX as the leading institutional-grade exchange in the region in less than a year.
A strong team, robust technology, and a strong commitment to safety, market integrity, and performance: we believe that as the industry continues to evolve and regulation truly begins to take root, these elements will be key to success, long-term sustainability, and mainstream adoption.
Looking to the future and deeply convinced that crypto assets will play an increasingly important role in the world, AAX was built with durability in mind.
The future belongs to cryptocurrencies. The future is AAX.
We are trusted by over 3 million crypto investors
Invest, trade and grow with AAX
Even before the start of trading, I evaluated this professionally designed site. Here everything is in place and there is nothing superfluous. For trading, AAX offers everyone the familiar TradingView terminal, which I consider to be the best platform for trading in terms of its simplicity and functionality. An additional incentive to trade with this broker is the drawing of large cash prizes and household appliances, which are periodically held on the company’s website. To receive a win, you need to collect 5 keys that are issued for the purchase of cryptocurrency. I won’t lie, I haven’t won yet, but I’m still ahead.
Apart from trading, I constantly participate in competitions held by AAX. Really valuable prizes are up for grabs. For active trading, you can win the latest iPhone model; and in the referral contest, the cash prize is 50,000 USDT! I am also quite satisfied with the trading conditions where the maximum commission is only 0.1%, and when using the AAB exchange token in the calculations, it can be reduced to zero. The exchange is centralized and it stores customer funds in cold wallets, so there is no need to worry about their safety and not to lose the keys to enter your account.
I finally found a crypto exchange that is suitable for beginners! And it’s AAX. There are educational materials on the website, and I even found a decent strategy for myself. At my stage, spot trading is more understandable, and democratic commissions allow me to earn a little now. The fees for withdrawing funds are also small compared to its competitors. For example, when withdrawing in Bitcoins (₿), the broker takes only ₿0.0004. Of the shortcomings, the most significant for me is the lack of an online chat on the site for quick communication with the support service.
I rarely trade, so I am only interested in the AAX crypto exchange as a way to receive passive income from investing. The minimum deposit terms and percentage of profitability depend on the financial instrument. For example, I invest in USDT (₮) with an interest rate of 60% and a period of 7 days or more. You can start with as little as 10 stablecoins. Interest calculation starts from the second day after depositing funds. Sometimes, when the market is favorable, I do not withdraw funds, and after the end of the subscription period, it is automatically renewed.
I came to AAX a month after it opened. I was attracted by the advertisement that the exchange uses innovative technologies for the first time, which significantly increases the speed of order processing. Indeed, on some other exchanges, there is no speed at all! In the summer, I live in a country house where there are often problems with electricity, so it helps a lot that there is a mobile application that is as functional as the browser version of the terminal. I don’t find any significant shortcomings with AAX, so I recommend it to everyone, regardless of their level of training.
I was looking for an exchange for trading cryptocurrencies among Asian companies since recently they began to offer much better conditions for trading than their European competitors. I settled on AAX because the value of the brokerage commission on this exchange is very small even by Asian standards. The broker takes 0.1% from the buyer, and the maker’s fees are only 0.06%. And even these meager amounts can be reduced to almost zero if you use their exchange token. I often trade through a bank card that can be linked to an account. Fast and convenient, and the minimum requirements for the amount of the transaction are equal to the value of the coin that you chose to buy/sell.
AAX simply fascinated me with an abundance of various contests, promotions, and bonus programs. New projects start every week, in which you can win quite valuable prizes or a tidy sum for a deposit. At the same time, money does not need to be worked out by the number of completed transactions, as a result of which you can generally lose everything. The exchange provides for a free listing, due to which new altcoins constantly appear in the list of financial instruments. I do not trade them, but I receive them on Airdrop and exchange them for more attractive ones. I won’t write about the cons of AAX because at the moment I simply don’t see them.