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10,0%
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7,0%
Top 10
5,0%
Top 20
1,0%
Top 40
0,5%
Top 100
0,2%
Top 100+
0,05%
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AscendEX Review 2024
Minimum
deposit:
deposit:
- $1
Trading platform:
- Proprietary platform
Minimum
deposit:
deposit:
- $1
Trading platform:
- Proprietary platform
Trading features:
- Loads of cryptocurrencies, no fiat, four investment services, a profitable referral program, additional payments
Summary of AscendEX Crypto Exchange
AscendEX is a cryptocurrency exchange with higher-than-average risk and the TU Overall Score of 4.2 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by AscendEX clients on our website, Traders Union expert Anton Kharitonov recommends users to consider a more reliable broker with better conditions, as, according to reviews, many clients of this broker are not satisfied with the company’s work. AscendEX ranks 48 among 173 companies featured in the TU Rating, which is based on the evaluation of 100+ criteria.
The AscendEX exchange provides lucrative conditions for cryptocurrency trading and investing in crypto markets. There are many trading options and crypto-to-crypto pairs, and all services are presented in formats for beginners and professionals. Substantial leverage is offered on margin and futures. There are four passive earnings programs available to investors. There is a standard one-level referral program with payments of interest from partners' trading fees.
NOTE!
If you are planning to trade cryptocurrencies, and not just keep your savings in crypto wallets, we recommend that you choose one of the top brokers with reliable regulation and access to trading crypto CFDs. This type of trading will help you avoid holding your cryptocurrency in e-wallets of exchanges, which quite regularly get hacked. Also, availability of leverage will allow you to trade crypto CFDs for amounts much higher than your deposit.
Traders Union experts recommend considering Top 3 companies from our rating:
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this post may contain references to products from our partners. Here's an explanation for
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The AscendEX cryptocurrency exchange is a platform for spot, margin, and futures trading of cryptocurrencies and tokens. Basic (simple) and professional (full-featured) terminals are available options. Bitcoin, Ethereum, Ripple, Bitcoin Cash, Tether, and tons of other cryptocurrencies and coins are traded on the site. The crypto pool is constantly expanding. There are no fiats on the site. There are several investment solutions such as staking, De-Fi farming, direct deposits to the platform, and deposits in ASD (the exchange's coin). The fees vary by asset, which includes up to 0.1% for Bitcoin and up to 0.2% for altcoins.
| 💰 Account currency: | Cryptos |
|---|---|
| 🚀 Minimum deposit: | Yes |
| ⚖️ Leverage: | До 1:25 (маржа), до 1:100 (фьючерсы) |
| 💱 Spread: | Market |
| 🔧 Instruments: | Cryptos |
| 💹 Margin Call / Stop Out: | No |
👍 Advantages of trading with AscendEX:
- the most popular cryptocurrencies and tokens are traded on this exchange;
- in addition to the TradingView web terminal, there is a mobile application;
- several simplified investment programs;
- leverage for margin and futures trading;
- deposits into the site's coin base with lucrative bonuses;
- launched the sale of multi cards for investments in ASD and airdrop;
- there is a system of rewards for active trading.
👎 Disadvantages of AscendEX:
- no fiat assets;
- no demo accounts;
- there is no call center.
Evaluation of the most influential parameters of AscendEX
Geographic Distribution of AscendEX Traders
Popularity in
18.2%
PL
4.6%
JP
4.3%
AU
4.1%
CA
3.8%
US
3.6%
IN
3.3%
EG
2%
LY
1.8%
AR
44.3%
Others
User Satisfaction i
21 comments
Total score:
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Expert Review of AscendEX
AscendEX cryptocurrency exchange was founded in 2018 by people from Wall Street. In 2019, the company underwent a major rebranding, significantly expanded its markets, introduced trading levels and functionality to develop its own ecosystem (including its ASD coin).
The trading terminal is based on the standard TradingView, there is no desktop version, however, integration with other platforms (like MT4/5) is impossible. The company has implemented a mobile trading app available for iOS and Android devices. The web version and the application are equally functional, testing did not reveal any errors or difficulties in use.
Of the constructive advantages of the crypto exchange are tons of crypto-crypto pairs, significant leverage for margin and futures, loads of investment solutions, including staking, farming, and direct investments in the development of the site. In terms of the investment segment, the AscendEX exchange holds one of the top positions due to its high indicators of diversity, functionality, and prospects for investors of different levels.
Trading fees of the exchange are below the market average, there is an extensive system of bonus accruals for various activities. The referral program is standard, it gives bonuses not only to you but also to your referrals, which motivates you to register using the affiliate link.
Dynamics of AscendEX’s popularity among
Traders Union’s traders, according to 2023 data
Investment Programs, Available Markets, and Products of the Crypto Exchange
The AscendEX cryptocurrency exchange offers several investment solutions. All operating services are presented in the "Investment Product" section of the site, where you can familiarize yourself with their terms in detail. There are four services for passive earnings on the site:
Staking. The user chooses the program that suits him, taking into account the following factors: the asset, the size of the deposit, the term of the deposit, and interest payments. The invested funds go to the development of third-party blockchain projects. After the user deposits the selected asset, interest accrues daily. The deposit can be used in trading, at any time, adjusted in size, or withdrawn completely. The reward will be recalculated accordingly.
DeFi Yield Farming. The user can invest some coins in others, which are determined by the system as more promising and fast-growing. This makes it possible to get high profitability in a short time (50% per annum and higher). Strategies and pools are predefined, the user only needs to choose a suitable portfolio, transfer the amount within the range between the stated minimum and maximum deposits. Interest accrues daily and all programs are short-term.
BitTreasure. The site's service, users invest in projects implemented directly by the cryptocurrency exchange. The pool of programs is constantly updated, and deposits are fixed for a period of 30, 90, and 180 days. You cannot withdraw the deposit during the fixed period. As a rule, the profitability is high, about 20-30%. Since the conditions are favorable, the programs are quickly implemented, so it is difficult to act quickly enough to invest in the next project.
ASD Ecosystem. The user can invest in the site's coin on various conditions to receive passive income and a wide range of bonuses. The interest rate on direct deposits is 6.48% per annum. The site distributes 80% of the net income to its investors. For ASD, you can buy an investment multi-card, which increases the profitability of the deposit five times.
For ASD, users can also buy a special point card. The point card allows you to debit interest on margin trading up to 50% of the fee.
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 the deal and all the steps from signing up to withdrawal of profits.
AscendEX’s affiliate program
The AscendEX cryptocurrency exchange offers a one-level referral program, and it is available to all verified users without exception. In the personal account in the "Referal" tab, there is a personal referral link and an invitation code. You can post them on any site and transfer them to other users at will.
Each user who followed your link or code and registered on the exchange becomes your referral (partner). He receives a 10% discount on all trading fees for 1 year after registration. Within 1 year, you receive passive income as a percentage of the commissions charged for your referral. The amount of payments depends on the partner's trading volume:
less than $1,000,000 — 25%;
up to $10,000,000 — 30%;
up to $100,000,000 -—35%;
more than $100,000,000 — 40%.
You can invite an unlimited number of referrals to the site and receive passive income from each of them. The invited user is considered a referral within 365 days from the date of registration, after which he does not bring you income. For the official partners of the exchange (ambassadors), other program conditions apply, which can be found in the corresponding section.
Trading Conditions for AscendEX Users
The AscendEX cryptocurrency exchange does not set a minimum deposit. To start trading or participating in investment programs, the user needs to register and verify (confirm the data) his data. And then deposit any amount. Leverage is not available for spot and OTC trading. The leverage for margin trading is x25, for futures trading, it’s x100. On top of contacting technical support by email, you can also contact the representatives of the exchange through its accounts on social networks (links to them are available in the footer of the site).
$1
Minimum
deposit
1:100
Leverage
24/7
Support
| 💻 Trading platform: | Proprietary TradingView platform |
|---|---|
| 📊 Accounts: | Standard |
| 💰 Account currency: | Cryptos |
| 💵 Replenishment / Withdrawal: | Bank cards and accounts, electronic and cryptocurrency wallets |
| 🚀 Minimum deposit: | Yes |
| ⚖️ Leverage: | До 1:25 (маржа), до 1:100 (фьючерсы) |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | From 0 |
| 💱 Spread: | Market |
| 🔧 Instruments: | Cryptos |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Orders execution: | Not indicated |
| ⭐ Trading features: | Loads of cryptocurrencies, no fiat, four investment services, a profitable referral program, additional payments |
| 🎁 Contests and bonuses: | Yes |
Broker comparison table of trading instruments
| AscendEX | Bybit | MEXC | Binance | StormGain | Yobit | |
| Forex | No | No | No | Yes | No | No |
| Metalls | No | No | No | No | No | No |
| Crypto | Yes | Yes | Yes | Yes | Yes | Yes |
| CFD | No | No | No | No | No | No |
| Indexes | No | No | No | No | No | No |
| Stock | No | No | No | No | No | No |
| ETF | No | No | No | No | No | No |
| Options | No | No | No | No | No | No |
AscendEX Commissions & Fees
Information
The AscendEX cryptocurrency exchange charges fees for all trades. Fees for spot and margin trading are charged under one system, for futures trading, it’s a different one. Both systems have 10 trading levels, including zero. The higher the trading level, the lower the fee.
The trading level is determined by the trader's activity over the past 30 days, but there are two alternative indicators — the total trading volume in USDT and the average trading volume with ASD participation. At zero, spot and margin fees are 0.1% for Bitcoin and 0.2% for altcoins. For futures trading, the fee is 0.1%.
The trading level is determined by the trader's activity over the past 30 days, but there are two alternative indicators — the total trading volume in USDT and the average trading volume with ASD participation. At zero, spot and margin fees are 0.1% for Bitcoin and 0.2% for altcoins. For futures trading, the fee is 0.1%.
| Account type | Spread (minimum value) | Withdrawal commission |
| Standard | Up to 0.2% per order | No |
As the trading level rises, fees decrease. At the tenth level in terms of spot and margin, for example, it is equal to -0.0150 / 0.0200% for taker/maker (concerning transactions with both Bitcoin and altcoins). Please note that the fee is always 0.2% for UAT/USDT and 0.5% for ASDP/USDT.
| Broker | Average commission | Level |
| AscendEX | $0.2 | Low |
| Bybit | $20 | High |
Contacts
| Foundation date | 2018 |
| Registration address | 114 Lavender Street Number 09-88, Ct Hub 2 Singapore, 338729 Singapore |
| Official site | https://ascendex.com/ |
| Contacts |
Email:
support@ascendex.com,
|
Disclaimer:
Your capital is at risk. Cryptocurrency trading can be extremely risky. Cryptocurrency trading can lead to large and immediate financial losses. The volatility and unpredictability of the price of cryptocurrency relative to fiat currency may result in significant loss over a short period of time. Transactions in cryptocurrency may be irreversible, and, accordingly, losses due to fraudulent or accidental transactions may not be recoverable. The nature of cryptocurrency may lead to an increased risk of fraud or cyber attack.
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FAQs
Do reviews by traders influence the AscendEX rating?
Any review can raise or lower the rating of any broker in the general list of brokers. To read reviews about AscendEX you need to go to the broker's profile.
How to leave a review about AscendEX on the Traders Union website?
To leave a review about AscendEX, register on the Traders Union website or you can also leave a review through Facebook.
Is it possible to leave a comment about AscendEX on a non-Traders Union client?
Anyone can leave feedback about AscendEX on multiple participating clients; however, Traders Union clients also receive additional payments later for working with any broker listed at the Forex market.
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