AAX DETAILED REVIEW
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AAX Review
AAX is a digital asset exchange that is powered by LSEG Technology, the technology division of London Stock Exchange Group. The exchange offers trading in a variety of cryptocurrencies, including Bitcoin, Ethereum, and Litecoin, as well as other digital assets such as stablecoins and security tokens.
One of the key features of AAX is its use of institutional-grade technology. The exchange uses the same technology as the London Stock Exchange to ensure a high level of security and performance. It uses a proprietary high-performance trading engine that is capable of handling millions of transactions per second.
AAX also has strong security measures in place to protect user accounts, such as cold storage wallets, two-factor authentication, and SSL encryption. Additionally, the exchange has regulatory compliance, which means that it is compliant with various laws and regulations in different countries.
Another feature of AAX is its low trading fees. The exchange charges competitive trading fees, which makes it more affordable for traders to open and close positions.
In terms of trading options, AAX offers spot trading, margin trading, and derivatives trading on its platform. This provides flexibility for traders with different trading strategies. Additionally, the exchange also provides a 24/7 customer support service which can help users to quickly resolve any issues they may encounter.
However, it is important to keep in mind that like all crypto exchanges, there are inherent risks to trading on AAX or any other exchange. Users should always do their own research, understand the market conditions, and familiarize themselves with the risks before buying or trading cryptocurrencies.
As with any exchange, it’s always recommended to check the official website for the most up-to-date information on the exchange’s offerings, fees and terms of service.
➔ Open your free trading account with AAX now
(Risk warning: 75.59% of retail CFD accounts lose)
AAX Summary
| Official Website | https://www.aax.com/ |
| Found in | 2018 |
| Native Token | AAB Token |
| Listed Cryptocurrency | BTC, ETH, XRP, BCH, XTZ LINK, and several more |
| Trading Pairs | BTC, Ethereum, & 100+ |
| Supported Fiat Currencies | CAD, USD, AUD, GBP, EUR |
| Supported Countries | Over 100 countries including Vietnam, Türkiye, Taiwan, Indonesia, and Brazil |
| Minimum Deposit | N/A |
| Deposit Fees | No |
| Transaction Fees | Starts from 0.016% to 0.1% |
| Withdrawal Fees | Different digital assets charge different fees for withdrawal. |
| Application | Yes |
| Customer Support | Live Chat, Telegram channel, Guide, FAQs |
AAX is a cryptocurrency exchange that aims to provide high-performance trading, security, and integrity to its users. It offers a user-friendly interface and advanced security measures to ensure the safety of user’s assets. Additionally, AAX also has a mobile trading app for traders to access the platform on-the-go.
However, as with any exchange, there may be drawbacks to consider. In this review, we’ll take a look at the features and advantages of AAX, as well as any potential disadvantages to be aware of before using the service. This review aims to be transparent and unbiased in its assessment of the exchange.
What Is AAX?
AAX is the short name for Asia Accelerator Exchange, it is a centralized cryptocurrency exchange that utilizes cutting-edge technology to provide a seamless, high-performance trading experience. According to their website, it is built on the London Stock Exchange Group’s Millennium Exchange, which is a low latency, high-throughput matching engine that can handle up to 10 million transactions per second.
The exchange offers trading in a variety of cryptocurrency assets and pairs, as well as supports for both spot trading and margin trading. AAX also offers its own token (AAB) which is used as a means of payment for its various services and also can be used to vote on community proposals and other on-platform activities.
➔ Open your free trading account with AAX now
(Risk warning: 75.59% of retail CFD accounts lose)
Is the AAX Platform Regulated?
AAX is a digital asset exchange that operates under the regulatory authority of Labuan Financial Services Authority (LFSA). This regulatory agency is responsible for providing a legal framework for crypto assets and blockchain technology businesses and companies in Labuan, Malaysia. Being regulated by a financial authority gives the platform more trust and security for its users, as it is subject to strict compliance and oversight requirements. It is important to note that regulations around digital assets and cryptocurrency can vary by country and jurisdiction. So, it’s best for users to look into the specifics of their local regulations before using the platform.
Features and Benefits of AAX Exchange
AAX exchange is a digital asset trading platform that offers a wide range of features and benefits to its users. Some of these include:
- High liquidity: AAX uses a matching engine that can handle up to 1 million transactions per second, providing users with a fast and efficient trading experience.
- Advanced security: AAX uses a multi-tier and multi-cluster system architecture, as well as cold storage for assets, to protect user assets and prevent hacking attempts.
- Low fees: AAX offers some of the lowest trading fees in the industry, with a maker fee of 0% and a taker fee of 0.05%.
- Wide range of trading pairs: AAX offers a variety of trading pairs, including Bitcoin, Ethereum, and Litecoin, as well as a number of stablecoins and other altcoins.
- Fast deposit and withdrawal process: AAX enables users to deposit and withdraw assets quickly and efficiently, with deposits usually credited to user accounts in minutes and withdrawal times typically under 2 hours
- 24/7 customer support: AAX has a dedicated customer support team available 24/7 to help users with any issues or questions they may have.
- Strong regulatory compliance: AAX is operating under regulatory authority of Labuan Financial Services Authority (LFSA), which provides a legal framework for crypto assets and blockchain technology businesses and companies, which gives users with more trust and security to use the platform.
- Ecosystem of services: AAX exchange not only provides the platform for trading but also offers other services for the Crypto industry like mining, lending, staking, custodial services etc.
➔ Open your free trading account with AAX now
(Risk warning: 75.59% of retail CFD accounts lose)
Product & Services Offered by AAX Exchange
AAX exchange is a digital asset trading platform that offers a wide range of products and services to its users. Some of these include:
- Digital Asset Trading: The main product of the AAX is trading of digital assets, it supports trading of various digital assets such as Bitcoin, Ethereum, Litecoin, and other altcoins.
- Institutional-Grade Liquidity: AAX provides institutional-grade liquidity, which enables high-frequency trading, minimal slippage and lower trading costs for its users.
- OTC (over-the-counter) Desk: AAX has an OTC (over-the-counter) trading desk which provides a platform for large-volume trades of digital assets, enabling users to make large trades without impacting the market price.
- Mining Pool: AAX operates its own mining pool, which allows users to pool their resources and mine digital assets more efficiently.
- Staking and Lending: AAX also offers Staking and Lending services on some of the digital assets that it supports, which enable users to earn returns on their holdings while they hold them on the platform.
- Financial Services: AAX also provides various financial services like custody, prime brokerage, and institutional lending, to enable institutional and professional traders to trade and manage their digital assets in a more efficient way.
- API for Developers: AAX has a comprehensive API for developers, which enables them to access and trade digital assets programmatically and also to build trading and investment strategies on top of the AAX platform.
- Educational Resources: AAX offers educational resources like articles, videos, webinars, and research reports to help educate users about digital assets and how to trade them effectively.
Overall, AAX aims to be a comprehensive crypto ecosystem where users can access a wide range of products and services to trade, manage, and grow their digital assets.
➔ Open your free trading account with AAX now
(Risk warning: 75.59% of retail CFD accounts lose)
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. | It offers 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
The registration and login process at AAX exchange is relatively straightforward. Here are the general steps to follow:
- Go to the AAX website and click on the “Register” button on the top right corner of the homepage.
- Fill in your email address and create a strong password. You will also be asked to enter a referral code if you have one.
- Click on “Sign Up” to proceed with the registration process.
- Verify your email address by clicking on the link sent to your email.
- Once your email address is verified, you can log in to your account by entering your email address and password on the login page.
- After login, you need to pass the KYC (Know Your Customer) verification process, which usually include document verification, such as identity card, passport or driver’s license, and facial recognition.
- Once you pass the KYC process, you will be able to deposit and trade digital assets on the platform.
It’s important to note that the specific registration and login process may vary depending on the country or jurisdiction you are in and it may subject to the changes by AAX. It’s always a good idea to check the AAX website or customer support for the latest information.
AAX Fees
AAX Trading Fees
AAX is a digital asset trading platform that charges trading fees for its users. The trading fees are typically composed of two parts: a maker fee and a taker fee.
A maker fee is charged when a user places an order that is not immediately matched with an existing order on the order book. This order is then placed on the order book and is considered a “maker” order. The maker fee on AAX is currently 0%.
A taker fee, on the other hand, is charged when a user’s order is immediately matched with an existing order on the order book. This order is considered a “taker” order. The taker fee on AAX is currently 0.05%.
It’s important to note that these trading fees may be subject to change and can vary based on the user’s 30-day trading volume, and also AAX may change these fees as per the market conditions or other factors. It’s always a good idea to check the AAX website or customer support for the latest information on trading fees.
Users should also consider other costs of trading like deposit and withdrawal fees, network fee (if applicable) and slippage that might arise during trading.
In addition to trading fees, AAX also charges a fee for withdrawal of assets from the platform. These fees are typically based on the network fee of the respective blockchain, but in some cases, the platform might charge additional fee.
It is always important to check the AAX’s fee schedule before making a trade and also compare with other trading platform to make sure it’s a cost-effective decision.
➔ Open your free trading account with AAX now
(Risk warning: 75.59% of retail CFD accounts lose)
Spot Trading Fee of AAX Exchange
Spot trading is a method of buying and selling digital assets on a trading platform at the current market price. AAX exchange offers spot trading for a variety of digital assets, including Bitcoin, Ethereum, Litecoin, and other altcoins.
AAX charges trading fees for spot trading, which are typically composed of two parts: a maker fee and a taker fee.
A maker fee is charged when a user places an order that is not immediately matched with an existing order on the order book. This order is then placed on the order book and is considered a “maker” order. The maker fee on AAX for spot trading is currently 0%.
A taker fee, on the other hand, is charged when a user’s order is immediately matched with an existing order on the order book. This order is considered a “taker” order. The taker fee on AAX for spot trading is currently 0.05%.
However it’s important to note that the trading fees may be subject to change and also can vary based on the user’s 30-day trading volume, and also AAX may change these fees as per the market conditions or other factors. It’s always a good idea to check the AAX website or customer support for the latest information on trading fees, before making the trade.
Also, it’s important to keep in mind that trading fees are just one aspect of the cost of trading, and users should also consider other costs such as deposit and withdrawal fees, network fee, and slippage that might arise during trading.
Check out the below table to know the Futures trading fee for futures markets:
| 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% |
AAX Deposit Fees
AAX exchange charges deposit fees for depositing digital assets onto its platform. The deposit fee is a small charge that is applied to cover the cost of network fees and other expenses associated with processing the deposit.
The deposit fee amount varies depending on the digital asset being deposited, as different assets have different network fees. For example, the deposit fee for Bitcoin is usually around 0.0005 BTC, while the deposit fee for Ethereum is usually around 0.01 ETH. The deposit fee is subject to change based on network fees, so it’s always a good idea to check the AAX website or customer support for the latest information on deposit fees.
It’s important to note that the deposit fees on AAX are usually low and competitive as compared to other trading platforms.
In addition to deposit fee, it’s also important to keep an eye on the minimum deposit amount as there might be a minimum amount required to make a deposit on the platform, this might vary from asset to asset.
It’s also important to make sure that the deposit address is correct, as sending digital assets to the wrong address can result in the permanent loss of those assets.
➔ Open your free trading account with AAX now
(Risk warning: 75.59% of retail CFD accounts lose)
AAX Withdrawal Fees
AAX exchange charges withdrawal fees for withdrawing digital assets from its platform. The withdrawal fee is a small charge that is applied to cover the cost of network fees and other expenses associated with processing the withdrawal.
The withdrawal fee amount varies depending on the digital asset being withdrawn, as different assets have different network fees. For example, the withdrawal fee for Bitcoin is usually around 0.0005 BTC, while the withdrawal fee for Ethereum is usually around 0.01 ETH. The withdrawal fee is subject to change based on network fees, so it’s always a good idea to check the AAX website or customer support for the latest information on withdrawal fees.
It’s important to note that the withdrawal fees on AAX are usually low and competitive as compared to other trading platforms.
In addition to withdrawal fee, it’s also important to keep an eye on the minimum withdrawal amount as there might be a minimum amount required to make a withdrawal on the platform, this might vary from asset to asset.
It’s also important to make sure that the withdrawal address is correct, as sending digital assets to the wrong address can result in the permanent loss of those assets.
It’s important to check the AAX’s fee schedule and compare it with other exchanges to ensure that it’s cost-effective decision to withdraw from AAX.
Payment Methods Offered by AAX Exchange
AAX exchange supports a variety of payment methods for depositing and withdrawing funds on its platform. These payment methods include:
- Cryptocurrency: AAX supports a wide range of digital assets, including Bitcoin, Ethereum, Litecoin, and other altcoins. Users can deposit and withdraw these digital assets to and from their AAX account.
- Bank Transfer: Users can deposit and withdraw funds to and from their AAX account using bank transfer.
- Visa and Mastercard: Users can deposit funds to their AAX account using Visa or Mastercard debit or credit cards, in some regions it might be supported and few it might not.
- Stablecoins: AAX supports a variety of stablecoins, such as USDT, USDC, and DAI, which can be used to deposit and withdraw funds to and from the platform.
- E-wallets: Some regions or countries may support other e-wallets like Alipay, WeChatPay, etc.
It’s important to note that the availability of payment methods can vary depending on the user’s location and country of residence. It’s always a good idea to check the AAX website or customer support for the latest information on the availability of payment methods in your region or country.
Users should also check the fees, limits and processing time of each payment method before depositing or withdrawing their funds.
When using certain payment methods, it might also require additional verification like ID verification, address verification and also for bank transfer, it might also require the account holder’s name to match the account name registered with the exchange.
Is AAX Exchange Safe?
AAX exchange is a digital asset trading platform that claims to prioritize the safety and security of its users’ assets. The platform uses a multi-tier and multi-cluster system architecture, as well as cold storage for assets, to protect user assets and prevent hacking attempts. Additionally, they claim to have implemented security measures like 2FA, SSL and also they have professional security teams monitoring the platform 24/7.
However, it’s important to note that no trading platform can guarantee 100% safety as digital asset trading carries inherent risks. It’s always a good idea to follow best practices for keeping your assets safe, such as using a strong password and enabling two-factor authentication (2FA) when available.
Additionally, it’s important to always be vigilant of phishing attempts and never sharing your personal information or private keys with anyone. Always make sure to double-check the website’s URL, SSL certificate before depositing funds, and always keep a copy of your account recovery seed.
It’s also important to note that AAX is operating under the regulatory authority of Labuan Financial Services Authority (LFSA) which provides a legal framework for crypto assets and blockchain technology businesses and companies. This makes the platform more trustworthy and secure for users as it is subject to strict compliance and oversight requirements.
Ultimately, it’s important for users to conduct their own research and make their own decisions about whether to use a particular trading platform, and to always be mindful of the risks involved with digital asset trading.
➔ Open your free trading account with AAX now
(Risk warning: 75.59% of retail CFD accounts lose)
AAX Supported Currencies and Countries
AAX Broker supports a variety of currencies and countries.
The supported currencies are: USD, EURO, GBP, RUB, CHF, JPY and CAD.
The supported countries are: Australia, Canada, Japan, New Zealand and United Kingdom.
AAX Token (AAB)
AAX Token (AAB) is the native token of the AAX exchange. It is an ERC-20 compliant token built on the Ethereum blockchain. AAB can be used to pay for trading fees on the AAX platform and also offers other benefits such as discounted trading fees, access to exclusive promotions, and more.
Users can earn AAB by participating in certain activities on the AAX platform, such as holding a certain amount of other digital assets, trading frequently, or referring new users to the platform. Additionally, users can purchase AAB on the AAX exchange or on other cryptocurrency exchanges that list AAB.
Holding AAB token also gives the users voting rights in the platform’s decision-making process and also to vote for the new listing of digital assets on the platform.
Having a certain amount of AAB also allows users to access exclusive features of the platform such as staking, lending, and also for participating in IEOs (Initial exchange offerings) that might happen on the platform.
AAX Mobile App
AAX has a mobile application for both iOS and Android devices that allows users to trade and manage their digital assets on-the-go. The app provides a user-friendly interface and offers most of the features that are available on the website. Users can view real-time market data, trade digital assets, check their balances and transaction history, and make deposits and withdrawals from the app.
The app also enables users to set up notifications for price alerts, which is helpful for keeping track of the prices of the assets they hold or want to buy. The user also can access educational resources, such as articles, videos, webinars, and research reports to help educate them about digital assets and how to trade them effectively.
The mobile app also supports 2-factor authentication (2FA) and biometric login, which helps to secure users’ accounts and transactions.
It’s important to keep in mind that while the AAX mobile app is a convenient way to manage your digital assets, users should still be mindful of the risks involved with digital asset trading. It is always a good idea to be cautious and aware of the security of the mobile device, and to use a password or biometric login to secure the app. Additionally, they should not share their personal information or private keys with anyone.
➔ Open your free trading account with AAX now
(Risk warning: 75.59% of retail CFD accounts lose)
AAX Privacy and Security
AAX takes privacy and security very seriously. That’s why we have several layers of protection in place to make sure your account is as safe as possible.
We use the highest-grade encryption technology to keep your information secure, and all of our employees are trained on how to handle sensitive data. We also have a third-party auditing program that ensures security measures are always up to date—and we routinely test them ourselves.
AAX Exchange Customer Support
AAX exchange provides customer support to its users to help them with any issues or questions they may have. The platform has a dedicated customer support team that is available 24/7 to assist users with any concerns they might have.
Users can contact the AAX customer support team through various channels such as:
- Email: Users can send an email to the support team with their query.
- Telegram: AAX has a dedicated Telegram group where users can interact with the customer support team and other users.
- Live Chat: Users can initiate a live chat with the customer support team from the platform’s website.
- Phone support: Some regions or countries may have a phone support option.
In addition to customer support, AAX also provides various educational resources such as articles, videos, webinars, and research reports to help users learn about digital assets and how to trade them effectively. These resources can be accessed from the platform’s website or mobile app.
It’s important to note that, customer support availability and response times may vary depending on the region or country you are located and also the volume of requests they receive. Users should always check the AAX website or contact customer support for the latest information on support hours and availability in their region.
Summary of AAX Review
AAX is a digital asset exchange that offers a wide range of products and services to its users, including digital asset trading, institutional-grade liquidity, OTC trading, mining, staking and lending, financial services, and educational resources. The platform is regulated by Labuan Financial Services Authority (LFSA) and claims to prioritize safety and security of its user’s assets. It has a user-friendly interface and mobile app that enables users to trade and manage their assets on-the-go. The AAX also has its native token AAB which can be used to pay for trading fees on the platform and also offers other benefits such as discounted trading fees, access to exclusive promotions, and more. The platform’s customer support team is available 24/7 through multiple channels like email, telegram, live chat and phone support in some regions. However, it’s important to keep in mind that trading digital assets carries inherent risks and it’s always a good idea to follow best practices for keeping your assets safe, such as using a strong password and enabling two-factor authentication (2FA) when available. Before using any exchange, it’s always a good idea to conduct your own research, be aware of the risks, fees and regulations of your region.
➔ Open your free trading account with AAX now
(Risk warning: 75.59% of retail CFD accounts lose)
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