AAX Review 2022

AAX exchange is one of the leading trading crypto exchanges, offering advanced trading features for professional trader to do technical analysis, build trading strategies and market insights, high trading volume, deep liquidity, and fast transactions. AAX (Atom Asset Exchange) is a cryptocurrency platform established in 2018. AAX cryptocurrency exchange provides performance, security, and integrity. Additionally, it provides an intuitive user interface with cutting-edge security standards. Besides, it provides a mobile trading app for traders to trade on the go. AAX exchange comes under ATOM International Technology Private Limited, a leading global fintech company with offices in Europe, North America, and Asia. Explore AAX review to know this broker service’s drawbacks to put forth a transparent & unbiased assessment. Let’s find out all the features, pros, cons of AAX cryptocurrency exchange.

AAX Summary

Official Website https://www.aax.com/
Headquarters Hong Kong
Found in 2018
Native Token AAB Token
Listed Cryptocurrency BTC, LTC, ETH, XRP, BCH, XTZ LINK, and several more
Trading Pairs BTC/USDT, ETH/USDT, LINK/USDT, and AAB/USDT
Supported Fiat Currencies CAD, USD, AUD, GBP, EUR
Supported Countries Taiwan, Singapore, Malaysia, Thailand, China, Australia, New Zealand, & more
Minimum Deposit N/A
Deposit Fees No
Transaction Fees Starts from 0.06% to 0.1%
Withdrawal Fees 0.0004BTC
Application Yes
Customer Support Live Chat, Telegram channel, Guide, FAQs

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What Is AAX?

AAX is a leading crypto trading exchange developed at the beginning of 2018 and launched successfully in 2019. This exchange has been created keeping retail traders in mind to increase the acceptance of blockchain technology. Some of the features of AAX are its advanced digital services and products like futures contract exchange, interest accounts to earn high interest, and crypto markets.

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The team members of AAX exchange are from Asia and the Pacific, and it is a well-known leading digital currency exchange in that region. AAX exchange’s CEO Thor Chan has held roles with App Annie, Microsoft, and FDTGroup. Also, he developed low latency trading systems that provided the foundation for creating AAX to one of the leading institution-grade digital currency exchanges.

AAX Exchange Trading Partners

According to AAX exchange review, the only exchange powered by the London stock exchange group is AAX. It is registered in Malta because of 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 holdings. This exchange can execute 100K transactions a second, and the orders are carried out with less than 90 ms latency.

Automated Trading Partners of AAX ExchangeAutomated Trading Partners of AAX Exchange

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Is the AAX Platform Regulated?

As per our AAX exchange review, AAX cryptocurrency exchange regulated and registered in Malta as AAX Exchange Malta limited. However, operating a crypto exchange in Malta is very common as the regulations are lenient concerning cryptocurrency exchanges. The parent company of AAX is Atom International Technology Limited, and it is registered in Hong Kong Authorities. Further, this company is monitored by the authorities of the city. Always ensure AAX regulation comply with the required norm of your country.

Features and Benefits of AAX Exchange

Here are the few key features and benefits of using AAX exchange:-

  • According to our research, this AAX cryptocurrency exchange provides special trading bots and a full suite of cryptocurrency services to users all around the world. This trading platform offers various products like exchange of fiat to crypto, futures market, and you can earn high interest from AAX savings account and futures market.
  • AAX is the only exchange of crypto that is powered by LSEG technology used by the Oslo stock exchange, Borsa Italiana, and stock exchange at London. The technology of LSEG permits the traders to fill orders instantly, and they can get the best prices. There are plenty of trading pair available for AAX users. Some popular trading pairs are BTC/USDT, ETH/USDT, LINK/USDT, and AAB/USDT. Trading fees on AAX remains the same irrespective of the trading pair.
  • AAX exchange provides crypto charting software provided by Trading View that 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 partnered with Solidus Labs to offer a software that alert its trader on market manipulation.
  • Enjoy Zero- Trading Fee Program for all of its spot pairs. AAX spot trading offers 50 market pairs. Users who trade on the platform will have access to completely free transactions, both for maker and taker orders, and across all trading volume categories. The exchange provides unparalleled stability and minimum latency, making it ideal for institutional, professional, and newbie traders.

AAX Platform Review – Features and BenefitsAAX – Features and Benefits

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  • According to AAX detailed reviews, new users on this exchange can create an account, and after the process, they can buy Bitcoin, Bitcoin Cash, Ethereum, and USDT on the exchange. AAX exchange supports several currencies in fiat like CAD, USD, AUD, GBP, and EUR and offers numerous payment methods for traders. Some of them include credit or debit cards or bank transfer; these payment options depend upon the user’s country of origin.

Product & Services Offered by AAX Exchange

  • According to the AAX exchange review, it provides an application for mobile 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. Also, they can receive 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 for their users. Further, AAX academy offers several useful resources like training tutorials, exchange guides, trading tutorials, general cryptocurrency topics, and future guides.
  • The AAX’s affiliate program is known as the AAX Tribe allows to earn passive income. When the user registers using a referral link, they can earn a small amount as commission for every single trade executed. They can earn a minimum of 40% as a direct commission and also 10% as a second-level commission.
  • AAX Exchange, in addition to standard crypto trading features, provides a platform for P2P fiat trading, lending and spot trading. The OTC platform simplifies trade execution for large clients, whereas the Fast Buy option is ideal for new traders wishing to buy their first Bitcoin. Newly, AAX introduced two new cryptocurrency Moonlana and Bitcoin Latinum (LTNM).

AAX Reviews - Product & ServicesAAX – Product & Services

  • This exchange offers an in-built calculator for the traders to calculate profits and losses for the closed trades. They can calculate their liquidation price and ROE percentage, which helps the user plan their trades and avoid losses.
  • AAX savings help the users with a guarantee of 50% that is higher than the market. It also generates returns each minute; this service does not require any fees, and the traders can deposit and withdraw their money anytime.

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AAX Review: Pros and Cons

Pros Cons
AAX exchange offers an easy to use and beginner-friendly platform. Does not allow US investors.
Provides AAX Mobile App for easy trading. Low liquidity.
The users need not undergo the KYC process to trade crypto. Mobile application need improvements.
AAX exchange offers the option to purchase crypto using fiat currencies.
AAX has AAX Tribe, its affiliate program for its users.
This exchange offers an inbuilt calculator to calculate profit/losses.

Registration and Login Process at AAX 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 fees for creating and maintaining an account, a trading wallet and for internal transfers. By creating a basic account, the user can deposit Bitcoin for trading purposes. If the user wants to deposit fiat currency, they should complete the AAX Exchange KYC process to access this platform.

Here are the steps to register on AAX exchange:-

  • Registering on this exchange is very simple and easy. The trader needs to go to the webpage of AAX and click the signup button. They need to fill in the details for creating an account, and after that, they will receive an email asking them to verify their email address. Also, they will get an email from AAX asking them to comply with identification procedures.
  • The KYC procedures are not compulsory, and if the user is using AAX exchange futures trading, then KYC is not required. Moreover, the user should know that they cannot purchase digital assets through fiat currencies on this exchange for example through wire transfer to your bank account.
  • AAX also offers level 1 verification for savings account. The user needs to supply an identity document like a passport or identity card as well as address proof like a utility bill or a tenancy agreement.

AAX Reviews - Registration & Login ProcessAAX – Registration & Login Process

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AAX Fees

AAX Trading Fees

AAX exchange trading fees follow the maker and taker model and start from 0.060% to 0.100% for crypto market and limit orders. The trading fees for takers are 0.10%. Depending on the trader’s 30-day rolling trading amount, the trading fees are as low as 0.010 %. The users can use these exchange AAB tokens and get a reduction of fees with a 20% fee discount.

Spot Trading Fee of AAX Exchange

This exchange uses the maker and taker model and offers its users a 10-tier model based on the trading amount. Further fee discounts are based on the trading volume of futures, OTC trading and spot trading. However, check the below table to know the Futures trading fee for futures markets are:-

Contract Type Value maker/taker maker / taker AAB 20% discount
BTCUSDT USDTsettlement 0.001 BTC 0.02% / 0.04% 0.016% / 0.032%
BTCUSD BTCsettlement 1USD 0.02% / 0.04% 0.016% / 0.032%
ETHUSD BTCsettlement 0.000001 BTC / 1 USD 0.02% / 0.04% 0.016% / 0.032%
COMPUSDT USDTsettlement 0.1 COMP 0.02% / 0.04% 0.016% / 0.032%
LINKUSDT USDTsettlement 1 LINK 0.02% / 0.04% 0.016% / 0.032%
BCHUSDT USDTsettlement 0.01 BCH 0.02% / 0.04% 0.016% / 0.032%
ETHUSDT USDTsettlement 0.01 ETH 0.02% / 0.04% 0.016% / 0.032%

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AAX Deposit Fees

AAX is one of the leading cryptocurrency exchanges that from all the deposit methods users are allowed to deposit only using digital assets. Besides, it does not charge any fees for deposit for transferring the funds from the hard storage device to the AAX wallet. It does not charge fees for transferring cryptocurrencies between AAX accounts internally.

AAX Withdrawal Fees

The AAX exchange fiat withdrawals are charged, 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 to be withdrawn. The fiat withdrawal fee charged is of 0.0004 BTC for Bitcoin. Fiat withdrawals fees are considered competitive compare to other exchanges.

However, you are advised to check the trading fee structure of this platform; click here to find it now.

Payment Methods Offered by AAX Exchange

AAX offers numerous methods to users to deposit funds their trading account. The two major methods are depositing funds through digital currencies for fiat currencies. The trader can use the traditional payment method to use the fiat-to-crypto gateway offered through their strategic partners.

The trader should complete the ID verification with national ID, driver’s license, or a passport and the AAX exchange KYC procedures providing face authentication (biometric data). if they want to use it. Based on the country of origin, some of the methods for depositing fiat currency are credit and debit card, bank transfer, Visa and MasterCard transactions. This exchange does not charge any additional fees for the deposits. No fees are charged for OTC trading.

Is AAX Exchange Safe?

It is a safe and secure cryptocurrency exchange that provides numerous security features and insurance. The user’s funds are protected along with their personal information. This exchange complies with Cryptocurrency Security Standard(CCSS) which is a universally recognized standard that is used for securing cryptocurrency systems. Some of the security measures offered by this exchange are cold wallet storage and hardware security modules that are used to protect the private keys of Bitcoin. It offers multi-factor authentication access and an option to the traders to get insured crypto custody within fully regulated entities for their funds.

AAX - Safe & Secure Cryptocurrency ExchangeAAX – Safe & Secure Cryptocurrency Exchange

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Supported Currencies and Countries by AAX

AAX cryptocurrency platform is an easily accessible platform that has several offices spread over the Asia Pacific region to help their traders and users from Taiwan, Malaysia, Singapore, Thailand, Australia, New Zealand, and China can use this exchange for crypto trading. Moreover, certain countries do not allow access to this cryptocurrency exchange. This exchange supports over 40 currencies, and some of the most popular cryptocurrencies are BTC, XRP, ETH, YFI, etc.

AAX Token (AAB)

The native exchange token of AAX trading exchange is the AAB token. AAB Token is based on the network of Ethereum, which is an integral part of this exchange; it provides numerous benefits to the exchange AAB token holders like optional trading signals in support to the platform AAX. AAB Token which is one of the exchange tokens offer a trading discount of 20% on the spot, futures trading, and OTC trading. The user can receive random airdrops, increased competition bonuses, and quarterly buybacks. Further, the AAX exchange rewards its users for earning AAB tokens for free and has a fixed supply of 50 million which will be released over a period of 5 years . Trader can directly trade USDT, BTC, AAB tokens.

AAX Mobile App

AAX offers a responsive and intuitive mobile app for traders to execute trades at any time and any place. The AAX app is available for users, and they can download it from their Android and iOS devices. It also offers the same features as that of the desktop and can be accessed anytime. According to several AAX reviews, it has received the highest rating, and the users have declared that the app is very easy to use.

AAX Privacy and Security

The customer funds and their information security should be the main priority for any cryptocurrency exchange. The majority of the funds of the user are stored in the AAX wallets and are held in cold storage. For investors who trade in high volume, this exchange provides an insurance custody scheme for their assets.

AAX User accounts need two-factor authentication, which acts as an additional layer for security; moreover, it provides a proprietary multi-currency wallet that is at par with industry standards. Kroll is the security advisor for the cryptocurrency trading exchange.

AAX Reviews - Privacy and SecurityAAX – Privacy and Security

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Customer Support by AAX Exchange

According to the AAX research, the exchange AAX provides robust 24×7 customer service. AAX cryptocurrency exchange offers offers a live chat feature where the service agents are highly knowledgeable and helpful. It also provides telegram channels that are quite active, and users can also connect with them through Twitter and YouTube channels where they can learn about using different products offered by the exchange. It also offers a very user-friendly support center, and the users can check their doubts in the platform’s frequently asked questions section.

AAX Reviews - Customer SupportAAX – Customer Support

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AAX Review: Wrap Up

In conclusion, the AAX crypto exchange is a well-known trading platform, and it is used by traders with different experience levels as it is the safest cryptocurrency exchange. Which offers a competitive trading fee, and some features are Trading view charts, institutional grid infrastructure, and an intuitive trading platform AAX.

Concluding the review, this secure exchange is well known among most traders in retail as well as investors who are planning to diversify their portfolio and those who are looking to hedge the futures markets through USDT future contracts. It also offers USDT settled trades and BTC settled trades. It provides 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 reward free AAB tokens to its user. Hence we can say that AAX is worth a try.

FAQs

Is AAX Exchange Legit?

According to our AAX research, AAX is a legit exchange. The exchange AAX is registered in Malta because of lenient regulations. Its parent company is Atom International Limited Technology Private Limited, which is a well-known global fintech company that has offices in several parts of the world.

Where Is AAX Based?

As per the AAX exchange review, AAX is one of the most popular cryptocurrency exchanges that is based in Hong Kong, and it is operated by Atom International Technology Limited.

Where Can I Buy an AAX Token?

Buy AAB tokens: the traders can buy and sell AAB token through cryptocurrency exchanges, and they need to hold Bitcoin or Ethereum to start trading.

Is AAX a Good Exchange?

AAX, unlike other cryptocurrency exchanges, offers transparent, accessible, reasonable, competitive trading fees for its users. Moreover, spot trading fees are the lowest when compared to other exchanges, and they can be reduced further.

Are US Traders Allowed to Use AAX?

According to our AAX research, US customers are not permitted to trade or buy crypto with this exchange platform as per the terms of use. US customers need to find a cryptocurrency exchange in the United States, which is regulated under US laws.

Risk Disclaimer -The opinions expressed in this review article do not constitute investment advice and independent financial advice should be sought where appropriate.

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