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 |
|---|---|---|
SEC |
No |
No |
FINRA |
No |
No |
SIPC Protection |
No |
No |
Other Regulators |
Authorised and regulated by the Financial Conduct Authority in the UK |
No |
Revolut (crypto) vs AscendEX: Trading Conditions
| Trading Conditions | Revolut (crypto) | AscendEX |
|---|---|---|
Minimum Deposit |
$1 |
$1 |
Trading Platforms |
Revolut |
AscendEX |
Max Leverage (Futures) |
1:1 |
1:25 (margin), 1:100 (futures) |
Number of Markets |
21 |
200+ |
Trading Accounts |
4 |
1 |
Base Account Currencies |
USD, EUR, GBP and 30+ fiat currencies |
Cryptos |
Revolut (crypto) vs AscendEX: Fees
Trading Fees
| Fee | Revolut (crypto) | AscendEX |
|---|---|---|
Max Maker |
2.5% |
0.2% |
Max Taker |
1.55% |
0.2% |
Min Maker |
2.5% |
-0.015% |
Min Taker |
1.55% |
0.0002 |
Debit/Credit Card Purchase Fee |
Not supported |
0 |
Futures Trading fees
| Fee | Revolut (crypto) | 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 | Revolut (crypto) | AscendEX |
|---|---|---|
Account Fee |
No |
No |
Deposit Fee |
No |
No |
Bank Transfer Withdrawal Fee |
Not supported |
Not supported |
Debit/Credit Card Withdrawal Fee |
Not supported |
Not supported |
BTC Withdrawal Fee |
No |
0,0005 BTC |
Inactivity Fee |
No |
No |
Revolut (crypto) vs AscendEX: Trading Assets
| Asset Name | Revolut (crypto) | AscendEX |
|---|---|---|
Overall |
21 |
200+ |
Bitcoin (BTC) |
Yes |
Yes |
Litecoin (LTC) |
Yes |
Yes |
Dogecoin (DOGE) |
No |
Yes |
Binance Coin (BNB) |
No |
Yes |
Uniswap (UNI) |
No |
Yes |
Ripple (XRP) |
No |
Yes |
Polkadot (DOT) |
No |
Yes |
Cardano (ADA) |
No |
Yes |
Stellar (XLM) |
no |
Yes |
IOTA (MIOTA) |
no |
No |
Tron (TRX) |
No |
Yes |
Derivatives (Futures) |
No |
Yes |
NFT |
No |
Yes |
Crypto ETF |
no |
No |
Revolut (crypto) or AscendEX: Investment Programs
| Asset Name | Revolut (crypto) | AscendEX |
|---|---|---|
Staking |
No |
Yes |
Mining pool |
No |
No |
Managed Accounts |
No |
No |
MAM/PAMM |
No |
No |
Other |
vaults savings, cash savings |
Yield Farming, Liquidity Mining |
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
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.
-
Comment
Everything you need is here for normal trading. In addition, there is help from the staff. Everyone will help. So feel free to start trading here.
-
Comment
I chose Revolut Bank based on customer reviews. Most customer reviews are positive. So I decided to open an account here. Revolut Bank itself is now considered by many to be very popular in Europe due to its low service fees. Yes, the commissions here are below average. But there is a problem - this is a long transfer of funds.
-
Comment
The main advantage of the Revolut card is that it is truly multi-currency and supports about 150 currencies. You can always exchange your currency for any other at the standard interbank rate. And this will happen without unnecessary markups and conversions. In addition, it is possible to create virtual maps. The only negative thing for me was that there are commissions for some currencies, although I thought there were none.
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.