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Aax Cryptocurrency Exchange Review

7.1

CURRENCY VERITY

7.5/10

CUSTOMER FEEDBACK

7.0/10

CUSTOMER SUPPORT

7.5/10

DESIGN

6.5/10

Pros

  • Fast and safely
  • Top-quality Products

Cons

  • New Exchange
  • Low Reputation

AAX is the world’s first digital asset exchange powered by LSEG Technology. Leveraging LSEG’s proven, robust, and scalable technology, AAX is designed to provide institutional exchange performance and reliability. LSEG Technology has provided solutions adopted by first-tier traditional financial markets all over the world, including the London Stock Exchange, Borsa Italiana, Johannesburg Stock Exchange, and the Singapore Exchange.

About Aax Cryptocurrency

Aax Cryptocurrency is a newcomer to the cryptocurrency exchange game and is in it to win. The Exchange has the lowest trading fees on the market and utilises an institutional grade matching engine to ensure it is the fastest exchange out there. Making it a clear choice for serious cryptocurrency enthusiasts.

Aax Exchange is a platform based in Malta that launched on 16 September 2019. It claims to be the first crypto exchange powered by The London Stock Exchange Group’s LSEG Technology. AAX preferred way of expressing this is that they have institutional-grade technology adopted by world-class financial institutions.

ExchangeDetails
Exchange NameAax Cryptocurrency
Exchange TypeCryptocurrency
LanguageEnglish
Withdraw Fee0.0004 BTC
 WebsiteHomepage
Support24/7
Trading Fee0.10%
Discount 40%
 Top CountryIndia

How To Sign Up & Start Trading

You Sign Up For A User Account By Providing Basic Information.

On Every Exchange You Will Get Option For Sign Up Or Create Account . Just Fill Some Basic Details Like Name , Email , Password , Security Question Etc For Registration . It Is First Step To Start Trading On Any Exchange

You Then Receive An E-mail In Your Mailbox To Activate Your Account.

Before You Can Login, You Must Active Your Account With The Code Sent To Your Email Address.Then You Will See A Message That Your Financial Account Is Activated And Ready To Go. This Means That You Can Log In And Start Trading In Cryptocurrency.

Identity Verification

For Successful Verification You Will Need Identity Documents. For Example, You Can Use A Driver’s License Or Passport, Where The Name Is Duplicated In Latin Letters.Confirmation Of Identity On Exchange Is An Optional Step. The Procedure Must Be Completed Only If You Want To Remove The Restrictions Of Btc On Deposit Or Withdrawal Of Funds Per Day.

Aax Cryptocurrency Hosting Information

Given URL:https://www.aax.com/
Domain:aax.com
Hosting:AS134963 Alibaba.com Singapore E-Commerce Private Limited
Registrar:GoDaddy.com, LLC
Server IP:170.33.12.12
Name Servers:NS7.ALIDNS.COM , NS8.ALIDNS.COM
Creation Date2000-11-20 13:56:06
Expiration Date2025-11-20 13:56:06
Updation Date2019-09-18 08:35:37

Enable 2-Factor Authentication (2FA)

When you log certain the primary time, a pop-up will show up and ask you to enable the 2FA, which can help in increasing your account security. If you’re new 2FA, you’ll got to download the Google Authenticator  app then scan the QR (or enter the key key) so as to urge a 1-minute changing code.

After completing these three steps, you’re through with fixing your account.

AAX Trading fees

Every trade occurs between two parties: the maker, whose order exists on the order book prior to the trade, and the taker, who places the order that matches (or “takes”) the maker’s order.

This exchange’s trading fees for takers are 0.10%. This fee is below the historical industry average, which is arguably around 0.25%. However, we are today seeing more and more exchanges moving towards lower trading fees, and new industry averages are starting to form around 0.10%. So in comparison with the new emerging trading fee averages, AAX is in line with industry average.

One of this exchange’s strong offerings is that it also offers trading fee discounts for makers, who trade at 0.06% (40% discount compared to takers). This maker/taker fee model promotes the liquidity at the exchange and is a strong aspect for this platform.

AAX Withdrawal fees

AAX charges a withdrawal fee amounting to 0.0004 BTC when you withdraw BTC. This is below the global industry average with roughly 50% (seeing as the global industry average BTC-withdrawal fee is 0.000812 BTC per BTC-withdrawal, at least when we did our most recent empirical study of withdrawal fees). All in all, the fees here are low and thus also consumer-friendly.

CoinMinimum WithdrawalWithdrawal Fee
BTC0.001000000.00040000
ETH0.020000000.00300000
AAB2.000000001.00000000
USDT(ERC20)2.000000001.00000000
USDT20.000000004.00000000
EOS0.200000000.10000000
LTC0.002000000.00100000
TRX2.000000001.00000000

Deposit Methods

AAX does not accept any other deposit method than cryptos, so new investors are restricted from trading here. If you are a new crypto investor and you wish to start trading here, you will have to purchase cryptos from another exchange first and then deposit them at this exchange. To find an exchange where you can deposit fiat currency, just use our Exchange Filters and we’ll help you through it.

Mobile Support

This platform is not only available from your desktop, you can now also access it via your mobile. Most traders in the crypto world today carry out their trades via desktop (around 70% or so). However, there are naturally people out there that want to do it from their smart phone as well. If you’re one of those people, then this platform can still be for you.

Why Choose AAX Exchange

LSEG Technology

Ultra-low latency trading for the best prices.

Trusted Network

Invest with confidence, knowing your funds are safe and secure.

AAX Intelligence: BTC, ZRX & NEO

Bitcoin BTC has had a great week since the last report, almost reaching $11000 USD again. However, when we look at the hourly chart, BTC has just broken below its upwards trend line. BTC/USD 1hr chart

Is AAX Exchange Safe?

AAX Utilises A Multifaceted Approach To Ensure Users’ Security, Their Systems Are Compliant With The Cryptocurrency Security Standard (CCSS). The CCSS Is A Set Of Guidelines For Security Best Practices For Information Systems That Make Use Of Cryptocurrencies, Including Exchanges And Storage Solutions Providers. At The Account Level, All Users Are Required To Use Two-Factor Authentication To Access And Operate Their Accounts.

As For Storage Of Users’ Cryptocurrencies, AAX Holds Most Of Users’ Digital Assets In Secure Offline Facilities And Upon Request, AAX Can Offer Insured Cryptocurrency Custody. Meanwhile For Transactions, AAX Has Built Its Own Multi-Currency Wallet System In Compliance With Industry Standards And Is Not Dependant On A Single Source Of Security.


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