Is AEX a Good Crypto Exchange for Beginners?
It is important for novice cryptocurrency traders to choose the right crypto exchange. Not all companies can be used when you are just starting your path in trading, which is why the success in cryptocurrency trading depends on making the right choice. Beginners often wonder whether AEX is a good crypto exchange to start trading with. In this article you will learn whether AEX is good for beginners, what its pros and cons are and what a novice trader needs to know.
Short summary about the broker AEX
The AEX Exchange is one of the oldest cryptocurrency platforms and was founded in 2013 and headquartered in the UK. The secret to its success is constantly following new trends and improving technologies. AEX has a complete set of tools for active and passive trading: two types of trading browser platforms, cloud mining and Ethereum 2.0 mining pool, exchange lending and C2C direct lending, deposits, auctions, and more. The arsenal of trading assets consists of more than 300 cryptocurrencies of classical and non-standard instruments such as DeFi and DeFi 2.0 sector, NFT sector, DOT ecosystems, DAO, and DeFi smart mining. The platform has more than 1 million users who have invested more than 50 billion USD of liquidity in the ecosystem and provided loans for more than 11 billion USD.
| 💰 Account currency: | EUR, USD, and cryptocurrencies |
| 🚀 Minimum deposit: | $1 |
| ⚖️ Leverage: | 1:1. Alternative — С2С lending |
| 💱 Spread: | Market |
| 🔧 Instruments: | Cryptocurrencies |
| 💹 Margin Call / Stop Out: | No |
AEX Pros and Cons
👍 Advantages of trading with AEX:
•The original idea was to organize trading platforms for beginners and professional traders.
•Investment products for any category of traders and investors.
•Large selection of cryptocurrencies. According to this criterion, the exchange is in the top 20 ranking of CEX platforms with the largest listing.
•High level of security. For more than 9 years of operation, the exchange has practically not been subjected to serious attacks and hacks. There is no information on the network that users lost money through the fault of the exchange.
•Several options for referral and bonus programs.
•The possibility to trade and withdraw money within restricted limits without verification.
•Proprietary cold wallet for long-term investment.
👎 Disadvantages of AEX:
•Absence of leverage. Alternatively, a lending platform can be used.
•Market average commission. The exchange does not seek to attract investors with low commissions, relying on the development of products.
•Payment methods include bank transfers and bank payment systems. There is no information about electronic systems.
What is a Good Crypto Exchange for Beginners?
In order to choose the right broker for a beginner, you need to consider several aspects.
Here are the main ones:
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Education. It is important for novice crypto traders to learn how to trade. An exchange can offer educational courses, video tutorials, articles, webinars, etc. The more learning opportunities there are the better.
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Availability of a demo account. You will need this account to practice. It provides an opportunity for a beginner to trade risk free and try out trading strategies.
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Availability of a simple method to buy cryptocurrencies. An exchange service or a P2P exchange would be an advantage for an exchange.
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Low fees. The level of income of the trader depends on the level of the fees. Therefore, it is important to choose a company that charges minimum fees. Crypto exchanges mostly use the Maker and Taker fee model. It is important that you study them.
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Instruments for passive investing. In addition to active trading, passive income is also important for beginners. Pay attention to availability of copy trading or staking.
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Trading platform. It is important for a novice trader to choose the simplest trading platform that will be easy-to-use for trading.
In addition to these factors, you also need to consider how customer support operates, as it will also be important. Bonuses for beginners are also a nice perk.
Trading Conditions for AEX Users
Before you start working with an exchange, it is important that you evaluate its trading conditions. AEX offers traders the following conditions.
| 💻 Trading platform: | The proprietary platform is divided into a professional terminal and a terminal for beginners |
| 📊 Accounts: | Single client account |
| 💰 Account currency: | EUR, USD, and cryptocurrencies |
| 💵 Replenishment / Withdrawal: | EUR, USD, and cryptocurrencies |
| 🚀 Minimum deposit: | $1 |
| ⚖️ Leverage: | 1:1. Alternative — С2С lending |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | $1 |
| 💱 Spread: | Market |
| 🔧 Instruments: | Cryptocurrencies |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Orders execution: | N/A |
| ⭐ Trading features: | No |
| 🎁 Contests and bonuses: | Available |
Commissions and Fees
The size of commissions and fees is also an important factor of choice. Traders Union analysts have prepared a short review of AEX commissions and fees. In this section, you will find trading fees of the exchange as well as withdrawal fees.
The experts at the Traders Union analyzed the trading conditions of the AEX Exchange and compared commissions with similar conditions of its competitors. For comparison, the average commission for cryptocurrencies from the top 30 in terms of capitalization was taken as a basis. For a taker, it ranges from 0% to 0.06%, and for a maker, its from 0.1% to 0.16%. The exchange also offers a flexible tariff scale for withdrawing money, and the amount of the commission is tied to each cryptocurrency.
| Account type | Spread (minimum value) | Withdrawal commission |
| Single, client | from 0.1% | Yes |
Investment programs of AEX
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. AEX offers the following passive income options.
Investment Programs, Available Markets, and Products of the Crypto Exchange
Investment offers are highlighted on the platform website in a separate section and divided into two groups, direct investment and lending. In both cases, the investor receives a reward, they differ in responsibility, risks, and products, however. For example, if you are looking for a long-term investment, then idle coins can be deposited to maintain network liquidity.
Types of investment products of the AEX Exchange
Investments include the following product options:
AEX Earn. Staking is the blocking of coins to keep the network running. Rates are on average 5-25% per annum.
Dual Investment. It is a structural product that allows you to receive income regardless of which direction the price has gone. It is expressed in a deposit consisting of a currency pair with the participation of a stablecoin. Depending on the price of the main asset, by the end of the deposit, you receive income either in the main cryptocurrency or in stablecoins. AEX products involve two deposit options, working on the principle of “Buy low” (triggered if the price falls) and “Sell high” (cryptocurrency is sold if the price is higher by the end of the deposit).
Slot Auction. Parachain auction of the Polkadot ecosystem. A modified version of the candle auction mechanism is used to allocate available parachain slots. To receive a parachain slot, projects must participate in the auction by DOT staking. Profit is a bonus from the ecosystem for participation.
Mining Market. Investing in the power of mining equipment is a variant of cloud mining.
ILO. A high-risk product related to the financing of litigation. In case of defeat, the investor loses money, in case of victory, the compensation is distributed among investors.
Loans are represented by the following products:
AEX Loan. Flash Loans, and standard loans for more than 30 cryptocurrencies.
С2С-lending. The platform is for private loans between users of the exchange.
Based on the platform, they created an Ethereum 2.0 mining pool which is a separate direction for investing in altcoins, which will change the consensus algorithm soon.
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.
AEX's affiliate program:
The exchange referral program offers a reward in the form of a 30% cashback commission on any type of product, including passive investment. The more invited friends you have, the greater is the percentage of the accrued commission return.
Also, each user can apply for a sales-manager vacancy. Responsibilities include active involvement of users with the implementation of targets. For an active marketing campaign, the exchange offers payments up to 4,000 USD per month and up to 45% cashback.
Conclusion. Is AEX good for beginners?
The AEX 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, AEX 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.
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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.