Review on AEX by Naomi Ilani
AEX Exchange Platform In A Nut Shell
The exchange platforms that have been in existence for a while happens to still be in existence and I would be explicitly reviewing one of such exchanges today. This exchange platform is known as the AEX exchange platform. It is an exchange platform that was established in the year 2013, you now see why I refer to it as one of the oldest exchanges on the blockchain network. The exchange platform started in China but due to the ban of domestic exchanges in the country, the exchange platform had to relocate and is presently located and even registered at the United Kingdom. A Chinese exchange platform, doesn't sound nice right? Read on and discover that.
I would be starting with their popularity and how they were able to achieve that. The AEX exchange platform happens to be one of the most popular exchanges and has been able to do this due to the numerous giveaways and cashbacks they give their users. I have come to notice the act of generosity in Asian exchanges and this one has proven it even more. I think the interface should be the next topic to talk about. This exchange platform seems to delight me with their intuitive interface. Their interface also seems to be found useful for traders that are new to the blockchain network as it is quite easy to understand. The next thing on line should be their trading services. Starting with the fees they charge for trading, the AEX exchange platform happens to charge a very competitive fee for trading cryptocurrencies. The fact that they charge a flat fee of 0.05% is actually competitive. This fee happens to be the lowest I've seen in an exchange platform. They also have a nice trading view as they have a wide variety of cryptocurrencies to trade and stable coins like USDT (American dollar pegged coin) and BitCNY (Chinese Yuan pegged coin). The exchange platform seems to be looking all good but why not check out the things I don't find compelling on the next paragraph.
The first one is the fact that the exchange platform doesn't accept fiat deposits. This has made it impossible for a trader to fund his or her account using fiats at all. Another thing is the controversy that the founder of the exchange platform is the same as btc38 dot com. This is an exchange platform that suffered a great loss of millions of dollars in the year 2016. This experience brought fear to the minds of traders as no one would want his or her funds hacked. The fact that they do not have a mobile application also contributes to the things I don't really like about the exchange platform. This has made it possible to reach their service through the web only. I don't really find this comforting and hope they work on it soon.
ο»Ώ
Pros
- The exchange platform has the lowest trading fee I've ever seen
- Their interface has been translated to Chinese
- They have an easily understandable and intuitive interface
- Has a nice range of cryptocurrencies
Cons
- They exchange platform is yet to have a mobile application
- Due to what happened to btc38 dot com exchange, people tend to have little trust in the exchange platform because it is believed that both exchanges have the same founder
- The exchange platform seems to have some important details written in Chinese
