AscendEX, which used to be called BitMax, is a place to trade digital money. It started in 2018. AscendEX wants to be a good platform for all kinds of crypto traders. It offers many different coins. It also has features like staking and yield farming. People use AscendEX to buy, sell, and earn rewards on their crypto.
As 2025 gets closer, people wonder: Is AscendEX a safe platform for my crypto? The world of digital money can be tricky. Exchanges need to be strong to protect users. This review will look at how safe AscendEX is. We want to help you decide if it is a good fit for you.
AscendEX at a Glance in 2025
By 2025, AscendEX will likely keep offering many coins and earning tools. It will try to be a strong choice for active traders.
- Wide Range of Altcoins: AscendEX is known for listing many different altcoins. This includes new and smaller projects.
- Staking and Earn Products: AscendEX has many ways for users to earn rewards on their crypto. This is a big focus for them.
- Margin and Futures Trading: It offers advanced trading options. This includes trading with borrowed money (margin) and futures contracts.
- Global Platform: AscendEX serves users from around the world.
- History of a Hack: AscendEX (when it was BitMax) had a security breach in 2021. The company said it covered user losses. This history makes security a key concern.
AscendEX wants to provide many options for traders and earners. In 2025, it needs to prove its security is top-notch. This is especially true after its past hack.
What Makes AscendEX Tick? Key Features Explored
Many users choose AscendEX for its large coin selection and ways to earn crypto.
Cryptocurrency Selection
AscendEX lists a very large number of digital coins.
- Hundreds of Tokens: AscendEX has a huge number of different coins. This has both well-known coins and a lot of less well-known altcoins.
- Early Access to New Projects: AscendEX often shows new tokens before anyone else. Traders who want to find the next big coin might find this exciting. But new coins are also very dangerous.
- Focus on Variety: The tool is meant to give buyers a lot of options. This brings in people who like to try out different kinds of crypto projects.
Diverse Trading Options
AscendEX offers many ways to trade, for different levels of skill.
- Spot Trading: Users can buy and sell coins directly for immediate ownership. This is the most common way to trade.
- Margin Trading: AscendEX lets users borrow money to make bigger deals, which is called “margin trading.” This can make you more money, but it can also make you lose a lot more. It’s a big risk.
- Futures Trading: People can buy and sell contracts that bet on how much coins will cost in the future. This is also very risky and often includes borrowing money.
- Mobile App: AscendEX has apps for both iOS and Android phones. People can sell and handle their accounts from their phones with this.
- API for Bots: For traders who use automated trading programs (bots), AscendEX provides API access.
AscendEX tries to be a platform for both simple trading and complex strategies. The advanced options are for experienced traders who understand the risks.
Competitive Fee Structure
AscendEX’s fees are generally competitive. They have ways to reduce fees too.
- Trading Fees: Standard trading fees for spot markets might be around 0.1% to 0.2% for makers and takers. For futures, fees are often lower. AscendEX uses a tiered system, so fees can decrease if you trade a lot or hold their native token, ASD.
- ASD Token Benefits: Holding and using the ASD token can give users discounts on trading fees. It can also unlock other benefits on the platform.
- Deposit and Withdrawal Fees:
- Crypto: Depositing crypto is usually free. Withdrawing crypto has a fee that varies by coin and network traffic.
- Fiat: Options for depositing and withdrawing regular money (like USD or EUR) can be limited. If available, they often use third-party services that add their own fees.
- Promotional Offers: AscendEX sometimes has promotions that can reduce fees or offer other rewards.
It is very important to check the AscendEX website for the most up-to-date fee schedule. Fees can change, and understanding them helps you save money.
Beyond Trading: AscendEX’s Additional Services and Ecosystem
AscendEX offers many services in addition to just trading. This is a big part of their platform.
- AscendEX Earn: This is a major feature. It includes many ways to earn passive income on your crypto.
- Staking: Users can stake various Proof-of-Stake coins to earn rewards. AscendEX makes this process easy.
- Yield Farming/Liquidity Mining: Users can provide liquidity to certain pools and earn rewards. These can offer high returns but also come with higher risks like impermanent loss.
- DeFi Connectivity: AscendEX often tries to connect users to DeFi (Decentralized Finance) projects through its platform.
- Launchpad (Auctemar / xLaunch): AscendEX has a platform for launching new crypto tokens. Users may get a chance to buy these tokens early, often through an auction format.
- Investment Products: They might offer other structured investment products that provide fixed or variable returns.
- ASD Token Ecosystem: The native ASD token is used for fee discounts, participating in launchpad events, and other platform benefits.
AscendEX focuses heavily on these “Earn” products. They want to be a place where users can actively grow their crypto holdings, not just trade them.
User Experience: Navigating the AscendEX Ecosystem
Using AscendEX can be straightforward for basic tasks, but its many features can also be complex.
Platform Usability: Feature-Rich and Comprehensive
- Busy Interface: Because AscendEX offers so many coins and features, the website and app can look very busy. This might be confusing for new users.
- Advanced Tools for Traders: Experienced traders might like the wide range of tools and information available.
- Mobile App Functionality: The mobile app provides access to most features, including trading and earn products.
- Learning Curve: Beginners will likely need some time to learn how to use all the different parts of AscendEX. The “Earn” section, with its various products, can especially take time to understand.
- Multiple Language Support: AscendEX supports several languages, catering to its international user base.
Customer Support: Getting Help When You Need It
- Support Channels: AscendEX typically offers customer support through email and a live chat service on their website.
- Help Center/FAQ: They have a help center with articles and FAQs to answer common questions.
- Global Support Team: AscendEX aims to provide support to its users around the world. However, response times can vary, especially during busy periods.
- Community Presence: AscendEX is active on social media platforms like Telegram. Users can sometimes find help or information from the community there.
After their 2021 hack, good customer support became even more important for rebuilding trust. Users expect quick and helpful responses if they have problems.
AscendEX Fees: How Much Does It Cost? (Revisited)
Let’s look more closely at the costs of using AscendEX.
- Spot Trading Fees: For regular buying and selling of coins, AscendEX fees are usually around 0.1% for makers and 0.2% for takers if you don’t use any discounts. These are fairly standard.
- Futures Trading Fees: Fees for trading futures contracts are generally lower. For example, makers might pay 0.02% and takers 0.06%.
- ASD Token for Discounts: A key way to lower fees is by holding AscendEX’s own token, ASD. Using ASD to pay fees can give you a good discount. The more ASD you hold, the lower your fees might be due to VIP levels.
- Deposit and Withdrawal Fees:
- Withdrawing crypto costs a fee. This fee changes for each coin and depends on how busy the coin’s network is.Fiat (regular money) options are limited. If you use a third-party service to buy crypto with fiat on AscendEX, expect extra fees from that service
- Fees for Earn Products: Some “Earn” products might have their own fee structures or conditions. It’s important to read everything about each item
Always check the AscendEX website to see the most up-to-date list of fees. If you want to trade a lot, it’s also helpful to know how ASD coins can lower fees.
Looking Ahead: AscendEX in 2025 and Beyond
What can we expect from AscendEX as we move into 2025?
- Focus on Security Enhancement: After the 2021 hack, AscendEX will need to constantly prove its security is very strong. This means regular audits, better technology, and transparency.
- Expanding “Earn” Opportunities: AscendEX will likely continue to add more ways for users to earn interest and rewards on their crypto. This is a key part of their strategy.
- Adding More Altcoins: They will probably keep listing many new and interesting altcoins. This attracts traders looking for new opportunities.
- Improving User Experience: Making the platform easier to use, especially for its many features, will be important.
- Navigating Regulations: As a global platform, AscendEX must deal with different crypto rules in different countries. Staying compliant will be an ongoing task.
AscendEX’s future success depends heavily on maintaining user trust. This means strong security and clear communication. They also need to keep offering attractive “Earn” products.
Who Should Use AscendEX in 2025?
AscendEX might be a good choice for these crypto users:
- Altcoin Traders: If you like trading a wide variety of altcoins, including new ones, AscendEX has a huge selection.
- Users Focused on Earning Yield: If your main goal is to stake crypto or use other “Earn” products, AscendEX offers many options.
- Experienced Margin and Futures Traders: For those who understand the risks, AscendEX provides tools for margin and futures trading.
- Users Willing to Hold Exchange Tokens (ASD): If you plan to use the ASD token for fee discounts and other benefits.
- Traders Looking for Launchpad Projects: AscendEX sometimes offers early access to new tokens through its launchpad.
Beginners should be very careful. The platform has many complex options and lists many risky altcoins. The 2021 hack is also something to keep in mind.
The Verdict: Is AscendEX Safe Enough for 2025?
AscendEX offers a lot of features, especially for earning and trading altcoins. But its past security incident in December 2021, when it was hacked for a large sum, is a major concern. The company stated it compensated affected users from its own funds.
For 2025, AscendEX could be considered if you are an experienced trader or user interested in its specific “Earn” products or altcoins. However, you must be very aware of its past hack. To keep your account safe, you should do more. Once AscendEX can show that it has good security and is open and honest for a long time after the event, trust can slowly be restored.
For now, be careful as you approach. You might want to use it for smaller amounts or features that you can’t find anywhere else. However, you should keep most of your money in safer, more trusted places.
FAQs
1. What was AscendEX called before?
AscendEX was formerly known as BitMax.
2. Has AscendEX ever been hacked?
Yes, AscendEX (when it was BitMax) suffered a significant hack in December 2021.
3. What is AscendEX good for?
AscendEX is known for its wide selection of altcoins and numerous “Earn” products like staking.
4. Does AscendEX have its own token?
Yes, AscendEX has a native platform token called ASD, which can be used for fee discounts.
5. Can I trade futures on AscendEX?
Yes, AscendEX offers futures trading along with spot and margin trading options.
