Revolut (crypto) vs AscendEX: Fees, Coins, Safety Comparison
| Feature | Revolut (crypto) | AscendEX |
|---|---|---|
Overall |
3.1 |
3.3 |
3.1 |
1 |
|
2.1 |
3.7 |
|
3.8 |
4.2 |
|
Investment Instruments |
4.1 |
3.9 |
Platforms and Charting Tools |
2.9 |
3.4 |
Deposit and Withdrawal |
4.2 |
3.1 |
Research |
1 |
3.2 |
Education |
1 |
3.4 |
Support |
4.2 |
2.8 |
Bonuses |
3.9 |
4.0 |
|
Your capital is at risk.
|
Revolut (crypto) vs AscendEX: Pros and Cons
Revolut is a British fintech company that has been providing investors with accounts for trading precious metals, cryptocurrencies, and stocks listed on U.S. exchanges since 2015. The broker offers its clients access to investing in stocks and ETFs on European stock exchanges. For organizations and private clients, the company offers a multi-currency account with the possibility of exchanging currencies at the current inter-bank exchange rate. Revolut is supervised by the Financial Services Authority (FSA).
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.
| Revolut (crypto) | AscendEX | |
|---|---|---|
| Overall Pros | minimum trade is only $1 | the most popular cryptocurrencies and tokens are traded on this exchange; |
| Buying and selling crypto without openning crypto exchange account | in addition to the TradingView web terminal, there is a mobile application; | |
| ability to invest in stocks, crypto, fiat deposits etc | several simplified investment programs; | |
| setting financial goals with Vaults option | 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; | ||
| Overall Cons | Only 21 supported coins | no fiat assets; |
| No options for active trading | no demo accounts; | |
| Revolut's cryptocurrency service is not regulated by the FCA | there is no call center. | |
| High fees |
Revolut (crypto) vs AscendEX: Safety and Regulation
| Regulated By: | Revolut (crypto) | AscendEX |
|---|---|---|
Government-regulated |
No |
|
U.S Regulated |
No |
|
FCA U.K Regulated |
No |
|
Germany Regulated |
No |
|
AMF in France Regulated |
No |
|
Spain Regulated |
No |
|
DFSA in UAE |
No |
|
Singapore Regulated |
No |
|
Australia Regulated |
No |
|
Seychelles Regulated |
No |
|
Other countries |
Revolut (crypto) vs AscendEX: Trading Conditions
| Trading Conditions | Revolut (crypto) | AscendEX |
|---|---|---|
Minimum deposit, USD or USDT |
1 |
|
Futures leverage |
100 |
|
Spot leverage |
25 |
|
Supported Coins |
435 |
|
Trading platform |
||
DFSA in UAE |
||
P2P |
0 |
|
Perpetual contracts |
1 |
Revolut (crypto) vs AscendEX: Fees
| Fee | Revolut (crypto) | AscendEX |
|---|---|---|
Spot Taker fee |
0,1 |
|
Spot Maker fee |
0,1 |
|
Futures Taker fee |
0,02 |
|
Futures Maker fee |
0,01 |
|
Deposit fee |
No |
|
Withdrawal fee |
0,0005 BTC 0,005 ETH 10 USDT |
|
P2P taker fee |
Not supported |
|
P2P fee rate, maker fee |
Not supported |
Revolut (crypto) vs AscendEX: Trading Assets
| Asset Name | Revolut (crypto) | AscendEX |
|---|---|---|
Coins Supported |
435 |
|
P2P |
No |
|
Perpetual contracts |
Yes |
|
NFT |
No |
|
Crypto Options |
No |
|
Futures |
Yes |
Revolut (crypto) or AscendEX: Investment Programs
| Asset Name | Revolut (crypto) | AscendEX |
|---|---|---|
Staking |
Yes |
|
Copy trading |
Yes |
|
Yield farming |
Yes |
|
Affiliate program |
Yes |
|
Trading Platforms: AscendEX or Revolut (crypto)
| Revolut (crypto) | AscendEX | |
|---|---|---|
Web |
Yes |
Yes |
Desktop |
No |
Yes |
Mobile (Android, iOS) |
Yes |
Yes |
|
Your capital is at risk.
|
Trading Platforms Features: AscendEX or Revolut (crypto)
| Revolut (crypto) | AscendEX | |
|---|---|---|
SMS Based 2 FA |
no |
No |
App Based 2 FA |
no |
Yes |
Voice Call 2 FA |
no |
No |
Search Bar |
no |
Yes |
Filters |
no |
Yes |
Technical Analysis: AscendEX or Revolut (crypto)
| Revolut (crypto) | AscendEX | |
|---|---|---|
Indicators |
No |
Yes |
Drawing tools |
No |
No |
Historical Trades |
Yes |
Yes |
Live 2 Quotes |
No |
Yes |
Mobile trading: AscendEX or Revolut (crypto)
| Revolut (crypto) | 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 Revolut (crypto)
| Revolut (crypto) | AscendEX | |
|---|---|---|
Market |
Yes |
Yes |
Limit |
Yes |
Yes |
Stop Loss |
Yes |
No |
Stop Limit |
Yes |
Yes |
Trailing Stop |
No |
No |
Revolut (crypto) vs AscendEX: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | Revolut (crypto) | AscendEX |
|---|---|---|
Bank Transfer |
Yes |
No |
Credit/Debit Card |
Yes |
Yes (Only deposit) |
Electronic Wallets |
No |
No |
Crypto |
Yes |
Yes |
Revolut (crypto) vs AscendEX: Research
| Research Type | Revolut (crypto) | AscendEX |
|---|---|---|
News Feed |
No |
No |
Fundamental Data |
No |
No |
Chart Analysis |
No |
Yes |
Trading Ideas |
No |
Yes |
E-Mail Reports |
No |
No |
Revolut (crypto) vs AscendEX: Education
| Education Type | Revolut (crypto) | AscendEX |
|---|---|---|
Demo-account/Paper Trading |
No |
Yes |
Courses |
No |
No |
Articles |
No |
Yes |
Videos |
No |
No |
Webinars |
No |
No |
AscendEX vs Revolut (crypto): Support
| Support Features | Revolut (crypto) | AscendEX |
|---|---|---|
Working Days |
24/7 |
24/7 |
Yes |
No |
|
Phone |
No |
No |
Online chat |
no |
No |
Other |
community support, app-based chat |
Request form |
Revolut (crypto) vs AscendEX: Crypto Bonuses and Promo
| Promo | Revolut (crypto) | AscendEX |
|---|---|---|
Crypto Bonus |
$50 Welcome Bonus. This Promotion is open to new Revolut retail customers who live in the United States. This Promotion runs from April 7, 2022 until June 30, 2022. |
Complete Tasks for Beginners to Earn Up to $320 Worth of Rewards |
Affiliate Program |
The impact is a referral program in which you need to be a Revolut customer to participate. Depending on which plan the connected referral chooses, the partner is paid from £2 to £20. Payments are calculated and made every month. After approving the request, the company gives the partner a unique link and materials to be placed and promoted on websites. The partner can track the number of link clicks and referrals in his personal cabinet. |
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.
|
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 Revolut (crypto)
-
Comment
I’ve had a good experience with Interactive Brokers, particularly because of its low fees. As someone who trades frequently, the tiered commission structure works great for me since I can get better rates with higher volumes. I started out with the demo account to test the platform and it lived up to the expectations. The platform also gives access to so many different assets, from stocks to options to even metals, which fits well with my strategy. It’s definitely not the easiest for beginners, but for seasoned traders, the tools and flexibility are unmatched.
-
Comment
When I first opened an account with Revolut, I wasn’t expecting much since I usually associate Revolut with just basic banking services. But to my surprise, the trading platform feels quite smooth. The app interface is probably the best thing. It’s clean, and switching between different markets like Forex, stocks, and even crypto is seamless. I don’t need to hop between tabs too much. One cool thing is how fast the transactions get confirmed, especially compared to other apps I’ve used before. Also, I appreciate that I can trade with just small amounts, no big deposits needed. It’s perfect for someone like me who doesn't want to go all in right away. Though, I wish the educational tools were a bit more in-depth for those who are just starting out.
-
Comment
I’ve been using Revolut for a while now, and the experience has been smooth. What I love most is the flexibility with multi-currency accounts is that you can exchange between currencies without any hidden fees, which is a big plus. The app interface is clean and easy to use. Transfers are usually fast, but I’ve noticed that sometimes deposits and withdrawals can take a bit longer to confirm. Also, one thing that I don’t like is their website pop-ups. Almost everything leads to this annoying pop-up I have attached. In fact, the way to contact their customer support through the website isn’t clear as well. Unexpected from such a sophisticated company.
-
Comment
Trading here goes without problems. Now I’m learning everything little by little, since I haven’t been on the stock market that long. Reviews prove that this company is good and I saw it myself after trading here for 3 months.
-
Comment
I’ve been using the services of Revolut Bank for a year and everything is fine. I received a card, everything is quite convenient, and transfers are fast. The mobile application is not bad. The only problem, in my opinion, is confirmation of deposits and withdrawals, which can take quite a long time sometimes.
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.