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AscendEX

Former BitMax Exchange

AscendEX Exchange is a global digital asset exchange operator for a wide range of customer groups from retailers to large corporations. Designed by a group of Wall Street quantum business veterans.

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Last day volume
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8,972 Billion
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Website
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sg
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AscendEX

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Rank 11

AscendEX at a glance

Since
July 2018
Country
Singapore
Founder George Cao
Sanctioned countries
Algeria
19 others Country
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Cryptocurrencies supported by AscendEX

Similar Exchanges to AscendEX

Every exchange has its highlights. Knowing similar exchanges to AscendEX will help you compare between them.

Know more about AscendEX

AscendEX Exchange, like many other exchanges, originated in Singapore. This platform was launched after changing its name from BitMax on (March 22, 2021).

The exchange's managing team is made up of three people: George Cao (founder and CEO of AscendEX), Ariel Ling (founder and CEO of AscendEX), and Shane Molitor (Head of Global Business Development at AscendEX). These people all have experience in asset management, banking, and finance.

AscendEX Exchange today supports trading with a reasonable number of digital currencies. You can find all the biggest currencies in this exchange. This platform has 190 trading pairs plus 40 different trading pairs.

Mobile support

Most digital currency traders feel that the desktop provides the best conditions for their business. The computer screen is larger, and on larger screens, important information on which most traders make their trading decisions can be viewed simultaneously. Trading charts will also be easier to display. However, not all digital currency investors need a desktop for their business. Some prefer to do their digital business via their mobile phone. If you are one of those traders, you will be happy to know that the AscendEX platform is also available as software for iPhone and Android users.

Review the strengths and weaknesses of AscendEX exchange

Strengths

  • High liquidity

  • User-friendly interface

  • Legal anonymous accounts

  • Receive a discount on costs when using BTMX

  • Has a high number of digital currencies to trade

Weak points

  • Absence in the United States

  • Does not allow direct use of Fiat

AscendEX security

Some of the assets deposited with the exchange are kept in a hot wallet to meet timely withdrawal requests from users during the daily withdrawal period. But a large percentage of the assets deposited are stored in the safe cold storage of the customer's digital assets. The main AscendEX Futures production environment is also hosted on Amazon Web Services ("AWS").

Different ways to deposit and withdrawal

There are several ways you can deposit assets into AscendEX. The first is with digital currency deposit, where you can go to your online wallet, select the token you want to receive, copy the deposit address using the password on the AscendEX Deposit page, put it on your online wallet, and then deliver the password to that AscendEX exchange address.

If you want to recover your passwords, go to the Withdraw page in AscendEX, enter the address of the foreign wallet you want to send to, and click "OK" to remove the tokens.

Users can also purchase cryptocurrencies via credit card or cash card payment or with Fiat currencies such as USD, EUR, GBP, UAH, RUB, JPY and TRY. Supported digital currencies for buying include Bitcoin, Ethereum, Tetra, Bitcoin Cash, Tron, EGLD, BAT, and ALGO.

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