LATOKEN vs AscendEX: Fees, Coins, Safety Comparison
| Feature | LATOKEN | AscendEX |
|---|---|---|
Overall |
3.0 |
3.3 |
2.6 |
1 |
|
3.4 |
3.7 |
|
4.5 |
4.2 |
|
Investment Instruments |
2.6 |
3.9 |
Platforms and Charting Tools |
2.7 |
3.4 |
Deposit and Withdrawal |
3.9 |
3.1 |
Research |
3.6 |
3.2 |
Education |
3.2 |
3.4 |
Support |
1.7 |
2.8 |
Bonuses |
2.4 |
4.0 |
|
Your capital is at risk.
|
Your capital is at risk.
|
LATOKEN vs AscendEX: Pros and Cons
The LATOKEN cryptocurrency exchange is a universal platform for exchanging, buying, and selling cryptocurrencies and tokens. Bitcoin, Ethereum, Litecoin, Tether, TRX, EOS, LA, and dozens of other assets are traded on the exchange. There is no fiat trading on this platform. There is margin swap trading on crypto-crypto pairs, as well as trading on leveraged perpetual contracts. The exchange has a referral program with bonus payments, there is the possibility of passive earnings through staking deposits in DeFi coins, and investing in developing blockchain projects.
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.
| LATOKEN | AscendEX | |
|---|---|---|
| Overall Pros | on the exchange, you can trade Bitcoin, dozens of altcoins, and the most popular tokens; | the most popular cryptocurrencies and tokens are traded on this exchange; |
| after registration, each user receives a welcome bonus in tokens; | in addition to the TradingView web terminal, there is a mobile application; | |
| advantageous referral program for which you and your referral receive $50 each; | ||
| functional proprietary mobile application developed for iOS and Android gadgets; | several simplified investment programs; | |
| comfortable and favorable conditions for investment programs such as staking, deposits in DeFi and large blockchain projects; | leverage for margin and futures trading; | |
| the opportunity to introduce your own coin to the platform and offer your project for investment; | deposits into the site's coin base with lucrative bonuses; | |
| 99.5% of assets are cold stored; | launched the sale of multi cards for investments in ASD and airdrop; | |
| Security: 2FA authentication, TLS encryption, and DDOS protection. | there is a system of rewards for active trading. | |
| Overall Cons | no demo accounts or tutorials for novice crypto traders; | no fiat assets; |
| communication with the technical support of the platform is available only by email and through tickets; | no demo accounts; | |
| fiats are not traded on the LATOKEN cryptocurrency exchange because the platform has only cryptocurrencies and tokens. | there is no call center. |
LATOKEN vs AscendEX: Safety and Regulation
| Regulated By: | LATOKEN | AscendEX |
|---|---|---|
SEC |
No |
No |
FINRA |
No |
No |
SIPC Protection |
No |
No |
Other Regulators |
Cayman Islands Monetary Authority |
No |
LATOKEN vs AscendEX: Trading Conditions
| Trading Conditions | LATOKEN | AscendEX |
|---|---|---|
Minimum Deposit |
$1 |
$1 |
Trading Platforms |
TradingView for browsers; mobile apps; proprietary crowdfunding platform |
AscendEX |
Max Leverage (Futures) |
44593 |
1:25 (margin), 1:100 (futures) |
Number of Markets |
130+ |
200+ |
Trading Accounts |
1 |
1 |
Base Account Currencies |
Cryptocurrencies |
Cryptos |
LATOKEN vs AscendEX: Fees
Trading Fees
| Fee | LATOKEN | AscendEX |
|---|---|---|
Max Maker |
0.0022 |
0.2% |
Max Taker |
0.28% |
0.2% |
Min Maker |
0.177% |
-0.015% |
Min Taker |
0.221% |
0.0002 |
Debit/Credit Card Purchase Fee |
0.01 |
0 |
Futures Trading fees
| Fee | LATOKEN | AscendEX |
|---|---|---|
Max Maker |
not supported |
0.02% |
Max Taker |
not supported |
0.06% |
Min Maker |
not supported |
-0.015% |
Min Taker |
not supported |
0.0003 |
Non-Trading Fees
| Fee | LATOKEN | AscendEX |
|---|---|---|
Account Fee |
No |
No |
Deposit Fee |
0.01 |
No |
Bank Transfer Withdrawal Fee |
Not supported |
Not supported |
Debit/Credit Card Withdrawal Fee |
0.035 |
Not supported |
BTC Withdrawal Fee |
0,0005 BTC |
0,0005 BTC |
Inactivity Fee |
No |
No |
LATOKEN vs AscendEX: Trading Assets
| Asset Name | LATOKEN | AscendEX |
|---|---|---|
Overall |
130+ |
200+ |
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) |
Yes |
No |
Tron (TRX) |
Yes |
Yes |
Derivatives (Futures) |
No |
Yes |
NFT |
Yes |
Yes |
Crypto ETF |
No |
No |
LATOKEN or AscendEX: Investment Programs
| Asset Name | LATOKEN | AscendEX |
|---|---|---|
Staking |
Yes |
Yes |
Mining pool |
No |
No |
Managed Accounts |
No |
No |
MAM/PAMM |
No |
No |
Other |
No |
Yield Farming, Liquidity Mining |
Trading Platforms: AscendEX or LATOKEN
| LATOKEN | AscendEX | |
|---|---|---|
Web |
Yes |
Yes |
Desktop |
Yes |
Yes |
Mobile (Android, iOS) |
Yes |
Yes |
|
Your capital is at risk.
|
Your capital is at risk.
|
Trading Platforms Features: AscendEX or LATOKEN
| LATOKEN | AscendEX | |
|---|---|---|
SMS Based 2 FA |
Yes |
No |
App Based 2 FA |
Yes |
Yes |
Voice Call 2 FA |
No |
No |
Search Bar |
Yes |
Yes |
Filters |
Yes |
Yes |
Technical Analysis: AscendEX or LATOKEN
| LATOKEN | AscendEX | |
|---|---|---|
Indicators |
Yes |
Yes |
Drawing tools |
No |
No |
Historical Trades |
Yes |
Yes |
Live 2 Quotes |
Yes |
Yes |
Mobile trading: AscendEX or LATOKEN
| LATOKEN | AscendEX | |
|---|---|---|
iOS Version |
Yes |
Yes |
Android Version |
Yes |
Yes |
Apple Watch App |
No |
No |
Touch ID |
No |
No |
Face ID |
No |
No |
Types of orders: AscendEX or LATOKEN
| LATOKEN | AscendEX | |
|---|---|---|
Market |
Yes |
Yes |
Limit |
Yes |
Yes |
Stop Loss |
No |
No |
Stop Limit |
No |
Yes |
Trailing Stop |
No |
No |
LATOKEN vs AscendEX: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | LATOKEN | AscendEX |
|---|---|---|
Bank Transfer |
No |
No |
Credit/Debit Card |
Yes |
Yes (Only deposit) |
Electronic Wallets |
Yes |
No |
Crypto |
Yes |
Yes |
LATOKEN vs AscendEX: Research
| Research Type | LATOKEN | AscendEX |
|---|---|---|
News Feed |
No |
No |
Fundamental Data |
No |
No |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
Yes |
Yes |
E-Mail Reports |
No |
No |
LATOKEN vs AscendEX: Education
| Education Type | LATOKEN | AscendEX |
|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Courses |
No |
No |
Articles |
Yes |
Yes |
Videos |
No |
No |
Webinars |
No |
No |
AscendEX vs LATOKEN: Support
| Support Features | LATOKEN | AscendEX |
|---|---|---|
Working Days |
24/7 |
24/7 |
No |
No |
|
Phone |
No |
No |
Online chat |
No |
No |
Other |
Request form |
Request form |
LATOKEN vs AscendEX: Crypto Bonuses and Promo
| Promo | LATOKEN | AscendEX |
|---|---|---|
Crypto Bonus |
No |
Complete Tasks for Beginners to Earn Up to $320 Worth of Rewards |
Affiliate Program |
Any user who registers with the platform using your referral link and undergoes identity verification will bring you a one-time bonus of $50. Your partner will also receive a like bonus. Bonus funds cannot be traded or used for investment, but they can be used to reduce trading fees. For each operation, you can pay up to 25% of the commission from the pool of referral bonuses. |
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%. |
|
Your capital is at risk.
|
Your capital is at risk.
|
Top 5 Reviews on AscendEX
-
Comment
Attempting to trade with AscendEX was a frustrating endeavor, as I encountered significant obstacles that hindered my trading activities. The platform's intervention in trades, preventing profitable transactions from being closed, was particularly egregious and undermined any confidence I had in the exchange's integrity.
-
Comment
I won't forget those AscendEXs. About 3 years ago I tried to trade with them, but this did not work out here. The broker intervenes, does not allow profitable transactions to be closed. I didn't last long here. I do not recommend, nothing here, most likely, has not changed.
-
Comment
If you have extra money, then you need to carry it to AscendEX. Orders here are opened and closed only from 3-7 times, the terminal constantly hangs, the price movement is jerky. Horror is simple!
-
Comment
My requests for withdrawal of funds hang for a month. In response to requests, carbon copy replies come: "The finance department is doing everything possible to expedite the processing of your application and we guarantee you that this problem will be resolved in the near future. Your application will be processed, please wait a little longer." And it's been like this for a month now!
-
Comment
I started cooperation with this cryptocurrency platform back when it was known as Bitmax. The rebranding has benefitted this crypto exchange. Not only did the name change, but also the quality of customer service. I mainly trade from my mobile because I travel a lot. In terms of functionality, the mobile application is not inferior to the web version. No bugs or errors in the terminal operation. Although the company did not have a call center, I never had any difficulties in communicating with the support. So far, everything is ice.
Top 5 Reviews on LATOKEN
-
Comment
I think that LATOKEN is a low-level exchange. Those looking for good returns and volume have nothing to do here. But for novice crypto traders, LATOKEN is quite a good option. The main thing is to understand this platform and not to risk large orders. Volumes are small for very active trading, but for one or two trades per day this is quite ok.
-
Comment
At the LATOKEN exchange, various methods are used to ensure that users' funds remain on the exchange. The most popular method is using third-party wallets in the user's personal account. This means that the user, by copying the address in their LATOKEN account, transfers funds to a completely different wallet. This happens because the exchange changes the cryptocurrency network. However, the user is held responsible for such transfers, and no one refunds the money to them.
-
Comment
The Latoken exchange inflates trading volumes. As a result, my orders can linger in the order book for a very long time. Even though my orders do not get executed, periodically, orders appear in the order book and quickly disappear. It seems very much like Latoken exchange introduces robots into the trading terminal that engage in trading. I am afraid this might be simulated trading rather than actual trading on the real market.
-
Comment
A very negative opinion about the LATOKEN exchange. There is no communication even with the customer support. When the platform freezes at the moment of order opening, I brace myself for the worst. Several times, when opening an order, LATOKEN provided a price worse than the market price. The platform issues cannot be resolved, and customer support is unresponsive. In general, I had to leave this exchange.
-
Comment
One fine day, I decided to log into my account on the cryptocurrency trading platform provided by Latoken exchange. And what do you think? They had blocked my account. Without any reasons or explanations, and of course, there was a substantial amount of money in it. I received no warning emails. The Latoken support team is ignoring me.
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.