AEX is a cryptocurrency exchange that launched in 2017. The exchange offers its services in English and Chinese, as the company originated in China. Despite this, AEX is registered in the UK, yet still retains primarily Chinese clients. AEX is open to traders globally, including those in the US. This is mostly due to the fact AEX does away with KYC, keeping trader anonymity.
AEX is extremely popular with the Chinese market, with an average daily trading volume of $25 million. This number has started to suffer under Chinese regulations, however. The cryptocurrency exchange hosts a wide variety of cryptocurrency assets and ICOs available for trade.
AEX has two web-based trading platforms. The first is the standard exchange, which is geared toward beginners and is fairly basic.
This platform incorporates a simple chart with basic features for viewing the price and a simple order book and trading history below the chart.
The second is more advanced, and geared toward experienced cryptocurrency traders. It features advanced charting and more than fifty technical indicators. It also has a variety of drawing tools for analysis. This platform resembles more traditional trading interfaces, and falls in line with what an experienced trader would be used to.
The AEX cryptocurrency exchange has some of the lowest fees in the entire industry with trading fees as low as 0.05% per trade. Most other cryptocurrency exchanges charge fees around 0.25%, so trading fees of 0.05% are significantly cheaper. The withdrawal fees vary from crypto to crypto, but for Bitcoin withdrawals, traders are charged 0.001 BTC, Ethereum withdrawals are 0.01 ETH and Ripple withdrawals are charged 0.5% of the total amount withdrawn.
All a user needs to sign up to AEX is a username and valid email address. Users can add extra security using 2FA, but there are no other security options.
Support in languages other than mandarin is limited, which shouldn’t be the case given AEX’s global reach. Support can only be contacted via email and are considered to be slow in responding. Traders can sometimes get support via the FAQ page, but even this page is very limited in English, the Chinese FAQ page is much more in depth. All in all, the support offered by AEX is very poor.
AEX is a good exchange at its core, and has a huge number of features. However, its tilt toward Chinese traders may put many in the West off if they do not know the language.
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