AAX vs Binance: Fees, Coins, Safety Comparison
| Feature | AAX | Binance |
|---|---|---|
Overall |
2.3 |
4.8 |
1 |
4.5 |
|
2.7 |
4.8 |
|
3.1 |
5.0 |
|
Investment Instruments |
2.1 |
4.7 |
Platforms and Charting Tools |
2.3 |
4.9 |
Deposit and Withdrawal |
1.8 |
4.7 |
Research |
2.3 |
4.6 |
Education |
2.3 |
4.8 |
Support |
1.7 |
4.8 |
Bonuses |
3.9 |
4.2 |
|
Your capital is at risk.
|
AAX vs Binance: Pros and Cons
The AAX exchange is a platform for spot and futures trading of cryptocurrencies and tokens. There is an integrated service for the fast exchange of fiat-to-crypto. Bitcoin (₿), Litecoin (Ł), Ethereum (Ξ), Tether (₮), Bitcoin Cash, Tron, BAT, and dozens of other assets are traded on the exchange. You can deposit funds in USD, CNY, HKD, KRW, EUR, TRY, TWD, and SGD. Leverage x100 is available for futures trading. Spot commissions are 0.06%/0.1% for the maker/taker. Commissions for the futures market are 0.02%/0.04% for the maker/taker. Commissions are fixed, but it is possible to reduce them by trading with the AAB token and through bonuses in the form of rebates from the Traders Union. The exchange has a one-level referral program and investment programs (staking) with fixed and flexible deposits. There is a training academy with detailed
The Binance exchange is one of the largest cryptocurrency exchanges in the world with its headquarters in Hong Kong. According to the CoinMarketCap cryptocurrency portal, Binance holds the top spot in terms of aggregate indicators of the platform's daily turnover, the number of novices and active users, liquidity, and web traffic (ranking, queries, statistics in search engines, etc.). The exchange is also a cryptocurrency startup that has its own “native asset” used in the Binance ecosystem as the “basis gas” (payment internal unit).
| AAX | Binance | |
|---|---|---|
| Overall Pros | the exchange offers a large selection of popular cryptocurrencies and coins; | Trading With Leverage up to 1:100 |
| spot and futures trading, futures with x100 leverage; | Low Trading and Non-Trading Fees | |
| 10+ Account Fiat Currencies + 50 Crypto | ||
| low fixed commissions for trading operations and withdrawals; | Derivatives, NFT, ETF are Available | |
| referral program with two types of bonus payments; | Indicators are Available | |
| the platform's own token, which makes trading more profitable; | Passive Income With Staking and Mining Pool | |
| high level of information security (complies with CCSS); | Strong Research | |
| LSEG technology for trading with a delay of up to 90 microseconds; | ||
| Overall Cons | no demo accounts; | No tier-1 regulation |
| no call center; | ||
| no license data is available. |
AAX vs Binance: Safety and Regulation
| Regulated By: | AAX | Binance |
|---|---|---|
SEC |
No |
No |
FINRA |
No |
No |
SIPC Protection |
No |
No |
Other Regulators |
No |
Registered as Digital Asset Service Provider (DASP) by Autorité des marchés financiers (AMF) |
AAX vs Binance: Trading Conditions
| Trading Conditions | AAX | Binance |
|---|---|---|
Minimum Deposit |
$1 |
$1 |
Trading Platforms |
TradingView |
Binance |
Max Leverage (Futures) |
1-100 |
1-100 |
Number of Markets |
385+ |
1.358 |
Trading Accounts |
1 |
1 |
Base Account Currencies |
Cryptocurrencies, fiat currencies |
USD, EUR, GBP +10 fiat currencies, 50+ Cryptocurrencies |
AAX vs Binance: Fees
Trading Fees
| Fee | AAX | Binance |
|---|---|---|
Max Maker |
0.1% |
0.1% |
Max Taker |
0.15% |
0.1% |
Min Maker |
0.016% |
0.012% |
Min Taker |
0.04% |
0.024% |
Debit/Credit Card Purchase Fee |
0 |
0.01 |
Futures Trading fees
| Fee | AAX | Binance |
|---|---|---|
Max Maker |
0.04% |
0.02% |
Max Taker |
0.06% |
0.04% |
Min Maker |
0.0096% |
0 |
Min Taker |
0.024% |
0 |
Non-Trading Fees
| Fee | AAX | Binance |
|---|---|---|
Account Fee |
No |
No |
Deposit Fee |
No |
No |
Bank Transfer Withdrawal Fee |
Not supported |
1.5 USD |
Debit/Credit Card Withdrawal Fee |
Not supported |
0.0001 |
BTC Withdrawal Fee |
0.0004BTC |
0.0001 BTC |
Inactivity Fee |
No |
No |
AAX vs Binance: Trading Assets
| Asset Name | AAX | Binance |
|---|---|---|
Overall |
385+ |
396+ |
Bitcoin (BTC) |
Yes |
Yes |
Litecoin (LTC) |
Yes |
Yes |
Dogecoin (DOGE) |
Yes |
Yes |
Binance Coin (BNB) |
Yes |
Yes |
Uniswap (UNI) |
Yes |
Yes |
Ripple (XRP) |
Yes |
Yes |
Polkadot (DOT) |
Yes |
Yes |
Cardano (ADA) |
Yes |
Yes |
Stellar (XLM) |
Yes |
Yes |
IOTA (MIOTA) |
No |
Yes |
Tron (TRX) |
Yes |
Yes |
Derivatives (Futures) |
Yes |
Yes |
NFT |
Yes |
Yes |
Crypto ETF |
No |
Yes |
AAX or Binance: Investment Programs
| Asset Name | AAX | Binance |
|---|---|---|
Staking |
Yes |
Yes |
Mining pool |
No |
Yes |
Managed Accounts |
No |
No |
MAM/PAMM |
No |
No |
Other |
DeFi mining |
No |
Trading Platforms: Binance or AAX
| AAX | Binance | |
|---|---|---|
Web |
Yes |
Yes |
Desktop |
No |
Yes |
Mobile (Android, iOS) |
Yes |
Yes |
|
Your capital is at risk.
|
Trading Platforms Features: Binance or AAX
| AAX | Binance | |
|---|---|---|
SMS Based 2 FA |
No |
Yes |
App Based 2 FA |
Yes |
Yes |
Voice Call 2 FA |
No |
No |
Search Bar |
Yes |
Yes |
Filters |
Yes |
Yes |
Technical Analysis: Binance or AAX
| AAX | Binance | |
|---|---|---|
Indicators |
Yes |
Yes |
Drawing tools |
Yes |
Yes |
Historical Trades |
Yes |
Yes |
Live 2 Quotes |
Yes |
Yes |
Mobile trading: Binance or AAX
| AAX | Binance | |
|---|---|---|
iOS Version |
Yes |
Yes |
Android Version |
Yes |
Yes |
Apple Watch App |
No |
No |
Touch ID |
No |
No |
Face ID |
No |
No |
Types of orders: Binance or AAX
| AAX | Binance | |
|---|---|---|
Market |
Yes |
Yes |
Limit |
Yes |
Yes |
Stop Loss |
No |
Yes |
Stop Limit |
No |
Yes |
Trailing Stop |
No |
Yes |
AAX vs Binance: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | AAX | Binance |
|---|---|---|
Bank Transfer |
No |
Yes |
Credit/Debit Card |
Yes (Only deposit) |
Yes |
Electronic Wallets |
Yes (Only deposit) |
Yes |
Crypto |
Yes |
Yes |
AAX vs Binance: Research
| Research Type | AAX | Binance |
|---|---|---|
News Feed |
Yes |
Yes |
Fundamental Data |
Yes |
Yes |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
Yes |
No |
E-Mail Reports |
No |
Yes |
AAX vs Binance: Education
| Education Type | AAX | Binance |
|---|---|---|
Demo-account/Paper Trading |
Yes |
No |
Courses |
No |
Yes |
Articles |
Yes |
Yes |
Videos |
Yes |
Yes |
Webinars |
No |
Yes |
Binance vs AAX: Support
| Support Features | AAX | Binance |
|---|---|---|
Working Days |
24/7 |
24/7 |
No |
Yes |
|
Phone |
No |
Yes |
Online chat |
No |
Yes |
Other |
Ticket |
Telegram |
AAX vs Binance: Crypto Bonuses and Promo
| Promo | AAX | Binance |
|---|---|---|
Crypto Bonus |
Welcome Bonus 50 USDT, temporary contests |
No |
Affiliate Program |
The client will receive 20% of his referral's commission fees. |
40% of the partner's trading commissions |
|
Your capital is at risk.
|
Top 5 Reviews on Binance
-
Comment
Binance has been super flexible when it comes to payment methods. It offers the usual mediums like bank deposit, debit card/credit card, crypto deposit, while also supporting newer ones like my favorite e-wallet. Integrating my e-wallet with my Binance account made all the withdrawals instant whenever I sell USDT in the P2P marketplace. The conversion rate is also attractive, making this method favorable to those who are frequently buying and selling on the platform. I withdraw money from them at least once a month and never experience delays. On a side note, I always use the same e-wallet account and had not tried doing it using bank transfers because of fees associated with doing so. There is no fee on this method so I prefer to use it over others.
-
Comment
Despite the growing number of reported hacks in the crypto space, I never once felt worried about using Binance as my crypto exchange. They have the most extensive security verification methods, and this makes me feel that trusting my funds with them is one of the best decisions I’ve made. Earlier this year I lost my phone number to which my Binance acct was connected and got very worried that my funds will be compromised. Turns out, it was easy to replace my old contact info with my new number, and they also suggested that I activate my 2-factor authentication for an extra layer of protection. I have also recently activated my passkeys for added security. All these years, Binance has been nothing but a trustworthy platform to me. I only trade crypto with them and nowhere else.
-
Comment
I created my account with Binance four years ago. It was during the middle of the crypto boom. I thought it was just a phase and would completely forget about it after the pandemic. But it turns out it is not :D. I still actively trade with the same account. Probably what made me stay is the ease of use, either when I am trading with the website or through the Binance app. Features in both platforms are easy to understand and use. I never had to consult YouTube videos as I normally do with my other brokerage accounts to figure out how a certain tool/button works. What you see is what you get. Never had issues with order execution, deposits, and withdrawals either which made the overall trading experience an excellent one all these years. I think Binance took over the crypto market easily for the same reason. It sold us the idea that trading is easy after all.
-
Comment
My experience with Binance has been predominantly positive. The platform's extensive cryptocurrency offerings, user-friendly interface, advanced trading features, and commitment to security make it a compelling choice for both novice and experienced traders alike.
-
Comment
Binance is the best cryptocurrency exchange for me. There is a very rich selection of cryptocurrency pairs, and many new tokens are added. The crypto rate is market-based, I checked with different exchanges, there is no big difference. With Binance, you can get a good return. I recommend the exchange.
Top 5 Reviews on AAX
-
Comment
Hello!! 4 weeks ago I ordered the withdrawal of money in AAX. There is nothing on the account so far, and I also cannot contact the support, because they do not get in touch. They owe me $3,000.
-
Comment
Complete scam, I tell you! I can't recommend this company because I don't know. how can you trade here. Trade is very poor quality. You won't be able to earn.
-
Comment
In a short period of trading and with the help of AAX, it was possible to reduce the already low brokerage commissions to zero. For competitors, this is possible only if the volume of transactions is increased to a value that is unattainable for most traders. Here, the volumes are not important, you just need to use the exchange token as the main method of calculation when carrying out all operations. In my free time away from trading I participate in competitions that are constantly held on the company's website. I can’t boast of success yet, but I derive pleasure from the process itself!
-
Comment
In my opinion, Asian exchanges in the digital market have long outdone competitors from Europe and the United States, which occupy first places in various ratings. The proof of this is the AAX crypto exchange, which uses the latest technologies both in trading services and in ensuring the security of clients' data. You can familiarize yourself with the trading conditions on the company's website, and they are really very profitable. On all counts, AAX fulfills these conditions. You cannot trade without verification, but this is already a common practice among crypto brokers.
-
Comment
Although I am a beginner, I trade very actively. The main criterion for choosing a crypto exchange was the possibility of over-the-counter trading on weekends, which AAX provides. Of course, I also checked out that AAX offers spot trading. I don't have much experience in trading yet, so this simplified version is just what I need. On the exchange I found a section for self-study, which includes a glossary! I'm new to the AAX exchange, and so far I like everything. I hope that everything will be fine with the withdrawal of funds.
FAQs
What should I start Crypto trading with?
For starters, you need to learn what crypto trading is, understand what cryptocurrency is and the risks and opportunities cryptocurrency trading has. It is also important to learn the existing strategies. The second step is to choose the best crypto exchange with good trading conditions. A demo account that you can use to gain valuable experience risk free is an important advantage of an exchange.
What amount should I start trading with?
It is recommended to start trading cryptocurrencies with a small amount. That way, if you partially lose it, it won’t pose a serious financial problem for you. This is because cryptocurrencies are highly volatile, which carries certain risks for novice traders. The majority of cryptocurrency exchanges allow traders to start from a small amount – from $1 to $50 or its cryptocurrency equivalent.
What should I take into consideration when choosing a crypto exchange?
The first thing experts recommend looking at when considering crypto exchanges is their reliability. Other important features include basic trading conditions, commissions and fees, customer reviews. If crypto exchanges are approximately the same in terms of basic criteria, you need to choose based on your experience and tasks. One crypto exchange may be good for professionals and another – for novice traders.
Can a cryptocurrency exchange turn out to be a scam?
Unfortunately, this does happen. Therefore, it is better to choose cryptocurrency exchanges that have been operating in the market for at least several years and have a stable reputation. Regulation of an exchange in one of the countries with high legal culture is also an advantage.
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.