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Is AAX a Good Crypto Exchange for Beginners?

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Is AAX a Good Crypto Exchange for Beginners?

Updated: February 15, 2025

Mikhail Vnuchkov

Contributor

Reviewed by

Olga Shendetskaya

Editor

Full AAX
overview

AAX's Top Features for Beginners

AAX’s beginner-friendly features, such as a demo account, low minimum deposit, educational materials, copy trading, staking, a user-friendly mobile app, customer support, fiat deposit and withdrawal options, and low fees, were compared against the top two competitors to ensure a comprehensive evaluation.

	AAX	OKX	Kraken
Demo account
Minimum deposit, USD or USDT		10	10
P2P exchange
Spot maker fee		0,08	0,25
Fiat transactions
Bank cards
Commissions and fees	2.61	9.25	6.2
Educational tools
Crypto bonuses
Staking
Copy trading
		Open an account Your capital is at risk.	Open an account Your capital is at risk.

Why We Focused on Comparing These Beginner-Friendly Features:

Demo account – Allows beginners to practice trading without risking real funds, helping them gain confidence and understand the platform.

Minimum deposit, USD or USDT – Ensures low entry barriers, making it affordable for newcomers to start trading with a small initial investment.

P2P exchange – Enables direct cryptocurrency trading between users, often with no intermediaries, providing a straightforward and accessible way to trade.

Spot maker fee – Highlights competitive trading fees for placing limit orders, which is cost-effective for those starting with spot trading.

Fiat transactions – Simplifies the process of depositing and withdrawing funds using local currencies, making it convenient for first-time users.

Bank cards – Provides an easy and familiar way for beginners to fund their accounts quickly using Visa or Mastercard.

Commissions and fees – Transparent and competitive fee structures help beginners calculate costs and avoid unexpected charges.

Educational tools – Tutorials, webinars, and guides equip beginners with the knowledge needed to trade confidently and effectively.

Crypto bonuses – Offers incentives like signup rewards or deposit bonuses, encouraging newcomers to explore trading.

Staking – Allows beginners to earn passive income on their holdings, introducing them to advanced cryptocurrency features with minimal effort.

Copy trading – Lets new traders learn by replicating the strategies of experienced traders, reducing the learning curve.

Short summary about the broker AAX

AAX, operated by Atom International Technology Ltd., presents itself as a cryptocurrency exchange based in China. However, the platform's lack of proper regulation poses significant client risks.
Following the collapse of FTX and the ensuing market turmoil in November 2022, AAX abruptly suspended withdrawals. Despite assurances that client assets were safe, the exchange never resumed normal operations. To further complicate matters, Hong Kong authorities arrested two company executives a month later: Liang Haoming, a director and shareholder of Weigao Capital, and Thor Chan, the platform's founder and former CEO.
Recent investigations by blockchain security firm Cyvers revealed the suspicious movement of over ETH 24,000 which is approximately $55.6 million from wallets associated with AAX.
Given the evidence of mismanagement, fraud, and illegal activities, AAX has been blacklisted.

💰 Account currency:	Cryptocurrencies, fiat currencies
🚀 Minimum deposit:	No
⚖️ Leverage:	Up to 1:100
💱 Spread:	Market
🔧 Instruments:	Cryptocurrencies, fiat currencies
💹 Margin Call / Stop Out:	No

AAX Pros and Cons

👍 Advantages of trading with AAX:

•the exchange offers a large selection of popular cryptocurrencies and coins;

•spot and futures trading, futures with x100 leverage;

•low fixed commissions for trading operations and withdrawals;

•referral program with two types of bonus payments;

•the platform's own token, which makes trading more profitable;

•high level of information security (complies with CCSS);

•LSEG technology for trading with a delay of up to 90 microseconds;

•terminal in the browser, mobile application, API and FIX;

•high-quality and stable service with large trading volumes

👎 Disadvantages of AAX:

•no demo accounts;

•no call center;

•no license data is available.

Trading Conditions for AAX Users

Before you start working with an exchange, it is important that you evaluate its trading conditions. AAX offers traders the following conditions.

Minimum deposit, USD or USDT
Futures leverage
Spot leverage
Coins Supported
Affiliate program
Replenishment / Withdrawal	Bank cards, electronic and cryptocurrency wallets
Trading features	Spot, as well as trading in futures with leverage of x100; there is an OTC trading service and an exchanger; profitable investment solutions; low fixed commissions that can be further reduced via high efficiency of trades

AAX's Fees

We compared XXX's fees with the top two competitors to provide a clear understanding of how affordable the exchange is for its users.

	OKX	Kraken
Spot Taker fee, %	0,1	0,4
Spot Maker fee, %	0,08	0,25
Futures Taker fee, %	0,05	0,05
Futures Maker fee, %	0,02	0,02
Withdrawal fee	0,0004 BTC 2,6 USDT	0,0005 BTC

The size of commissions and fees is also an important factor of choice. Traders Union analysts have prepared a short review of AAX commissions and fees. In this section, you will find trading fees of the exchange as well as withdrawal fees.

Information

One of the main advantages of the crypto exchange is low commissions on trades. The platform does not charge commissions for deposits and OTC trading. The conditions for spot and futures are as follows:

0.06%/0.1% for maker/taker for spots;
0.02%/0.04% for futures maker/taker.

If the client has a sufficient amount of AAB token in his account, he can use it to pay commissions. This is the crypto exchange's own token, which is actively traded. The advantage of paying with AAB is that the client gets a 20% discount on commission. To do this, you need to have a token in the account and activate the option to pay commission with it when the trade is being made.

Account type	Spread (minimum value)	Withdrawal commission
Standard	Up to 1% per order	Yes

Investment programs of AAX

It is important for novice traders not only to trade actively, but also earn passive income. Passive investing can help you earn extra profit, and also compensate for the losses you may incur as a result of active trading. AAX offers the following passive income options.

Investment Programs, Available Markets, and Products of the Crypto Exchange

The AAX cryptocurrency exchange offers a standard staking-based investment system. The client of the platform can transfer part of his funds to a third party for use by an exchange affiliate, who uses the financial benefits to develop his blockchain project. The exchange acts as an intermediary. The investor receives interest for providing his funds for use by the partner.

There are many programs to choose from on the platform; almost all cryptocurrencies and tokens that are traded on the exchange are available for deposits. Current programs are divided into two large groups, such as fixed and flexible deposits. The difference is that the deposit invested in the flexible program can be withdrawn at any time, it is not frozen. The deposit for fixed programs cannot be used for the agreed period. This can be a period from 7 to 90 days, depending on the stated conditions.

Most of the programs provide deposits for 7, 14, and 30 days. The average rate is 4%, but in some cases, it can be 12%, 15%, 16%, 20%, and even 60% for exclusive projects that need funds quickly. The exchange gives guarantees for deposits and all affiliates of the platform have to pass a multi-level security check.

To participate in investment programs, a client needs to select an asset and make a deposit equal to or greater than the minimum. All actions are performed in a few clicks and take a minimum of time. Interest will be charged daily following the size of the deposit, which can be adjusted (withdrawn or replenished) at any time using flexible programs. For flexible programs, payments are made permanently, for fixed ones interest rates will be paid together with the return of the deposit upon the expiration of the program.

Important!

If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of thedeal and all the steps from signing up to withdrawal of profits.

AAX’s affiliate program:

The crypto exchange has a standard referral program with payments for invited users. The client needs to find a personal referral link or QR code in his personal account. They can be placed on any resources without restrictions. Each user who follows the link and registers on the exchange will become a client's referral. The client will receive 20% of his referral's commission fees.

The number of referrals is not limited. The exchange client can invite as many users as he wants. The referral status is eternal and the user remains a referral while registered on the exchange. Information on the number of referrals and payments for them is displayed in the personal account of the exchange client. Payments are made every day in the currency of the transaction when it was made.

The exchange client can receive a one-time fixed payment for each referral, who in this case will also receive a bonus. Two conditions must be met. The referral has made a total of $10,000 or more and deposited over $500 (not necessarily for a trading service, the exchange service is taken into account). When the conditions are met, the referral receives $50 to his account and the user who invited him gets $20.

Conclusion. Is AAX good for beginners?

The AAX cryptocurrency exchange will be an excellent choice for beginners. The exchange offers a convenient trading platform, which a beginner can learn to work with rather quickly. There is an excellent education center with a large number of materials for novice traders. Also, traders can earn passive income on good conditions. Therefore, AAX could be considered as a good cryptocurrency exchange for a start.

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FAQ

What do I need to know about the fees charged by cryptocurrency exchanges?

The majority of cryptocurrency exchanges use the Maker/Taker fee model. As a rule, they use a multi-level system for traders that depends on the trading volume. The higher the trader’s trading volume, the lower the fees.

How do I choose a reliable cryptocurrency exchange?

Crypto exchanges mostly operate without licenses, as the majority of countries haven’t adopted legislation to regulate them. In order to choose a reliable exchange, you need to find out about its reputation and read the reviews about user experiences with it.

How many cryptocurrencies could a crypto exchange offer?

The number of cryptocurrencies on the listing of a cryptocurrency exchange may be very different. Some platforms offer less than 10, while others – several hundreds. It is important that you check the choice of cryptocurrency before registering on the exchange.

What are the risks of investing in cryptocurrencies?

Investing in cryptocurrencies carry high risks due to their high volatility. It could cause substantial losses, which is why it is important to observe the rules of risk management.