Guide to AAX exchange products and services

Guide to AAX exchange products and services

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Mike
Mike

An editor at Coincrop


19 Jun 2022 | 21 min read
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T

he current cryptocurrency surge has resulted in an expansion of exchange platforms. Until a few years ago, the online world is overflowing with cryptocurrency exchanges eager to service customers. Binance CEO Changpeng Zhao believes that maintaining an exchange platform may become unprofitable. Because many web-based platforms would have to decrease their trading costs to keep up in the emerging industry. 

Nevertheless, such statements do not appear to worry the AAX exchange platform. What distinguishes this cryptocurrency trader from the rest of the industry? Let us go further.

What is AAX?

AAX is a top crypto exchange platform in the sector. The exchange allows customers to trade, invest, and experience the world of cryptocurrency, living up to its promise of providing a full range of investment and trading services. Aside from its various features and possibilities, the platform has a unique website layout, customization dependent on a user's skills, and a professional support network. For cryptocurrency enthusiasts across the globe, AAX is a wonderful and dependable option.

ATOM Asset Exchange is abbreviated as AAX. ATOM International Technology is AAX's parent company. AAX, unlike many other trading platforms in the crypto sector, aims to establish a sustainable, future-proof, and safe trading system for investors. The AAX creators expect increasing institutional participation in crypto ventures.

AAB is the native coin of AAX. It is an ERC-20 asset that provides its users with several perks such as fee reductions, additional trading tips, occasional airdrops, and even accessibility to trading bots. You may use AAB to increase your competition rating.

The exchange presents itself in the industry as a destination for all cryptocurrency enthusiasts. It's the first online cryptocurrency platform powered by LSE Group technology. The platform has attractive characteristics that draw investors and traders from all around the world. Understand that specific platforms are tailored to expert investors. Trade with advisors who will help you irrespective of your trading experience or market knowledge.

What is the history of AAX?

AAX was formed in early 2018, and the platform was formally inaugurated in November 2019 after some more roughly 18 months of studies and growth. The objective was to create a virtual currency exchange that appeals to a dynamic retail trading market while also standing up to regulatory oversight and satisfying institutional investors in finance.

They pulled together specialists from the cryptocurrency industry, the visual arts, and more commercial environments like HSBC, IBM, and JPMorgan to establish a top-class exchange platform ideal for individuals and firms. AAX's 200-person crew is managed by CEO Thor Chan and has branches throughout Asia-Pacific. Chan has effectively guided AAX to become the region's leading institutional-grade exchange platform in less than a year.

They think that as the sector matures and regulation takes hold, a solid squad, established technology, and a firm commitment to safety, financial integrity, and efficiency will be critical to success, long-term sustainability, and widespread acceptance. Thinking forwards and with a strong belief that cryptocurrencies will take a more prominent position in the world, AAX was designed with sustainability in mind.

Is AAX a secure exchange?

Absolutely. The AAX platform provides its users with security. Take into account that security is still a concern in the cryptocurrency industry. You have undoubtedly aware of cybercriminals' escape with millions from the cryptocurrency industry. And even worse, several exchange platforms defraud their consumers. For example, the owners of the South African platform Africrypt recently got away with Bitcoin valued at more than 4.7 billion. As a result, while selecting investment firms, use extreme caution.

It is a reliable exchange platform with several security measures and coverage. The user's finances, as well as their private details, are safeguarded. The platform adheres to the Cryptocurrency Security Standard (CCSS), a globally known regulation safeguarding cryptocurrency networks.  It provides multi-factor verification access and the ability for investors to have their assets protected in properly regulated corporations.

AAX maintains cold storage for its cryptocurrency. As a result, they are protected from intruders. In addition, relevant parties can use the platform's security solutions. Furthermore, the exchange regarded Kroll as a safety advisor. Kroll analyzes risk exposures for over 4,000 companies globally.

AAX also works with several blockchain research businesses to prevent stolen money from being transmitted to its platforms. Moreover, the exchange has gone to great lengths to maintain its legitimacy. AAX, for instance, collaborated with the New York-based software business Solidus Lab. Solidus is aware of any ongoing exploitation in the cryptocurrency exchange industry. As a result, AAX is the only cryptocurrency exchange that relies on a third-party corporation to avoid client exploitation. You will always be protected in your cryptocurrency ventures with this platform.

How do I use AAX?

AAX offers a mobile app that you can download on iOS and Android smartphones. Its services are accessible on its website, where customers may get the application by scanning the QR code. If you wish to purchase, trade, transfer, acquire or sell cryptocurrency using the exchange, you must first establish a profile on the website. The essential requirement is that you should be at least 18 years old. There are no costs for opening and keeping a profile, a wallet, or making internal transfers on this platform. 

The following are the procedures to signup for and use the platform:

It is easy to sign up for this platform. First, you must go to the AAX website and select the registration option. Complete the form to create an account, and then you will get an email requesting you to confirm the email account. You will also receive an email from AAX asking that you agree with the identification requirements.

KYC processes are optional, and if you are utilizing AAX in future trading, KYC is not necessary. Furthermore, you should be aware that you cannot acquire crypto assets on this platform using fiat currency.

You may now purchase your cryptocurrency upon establishing and filling your cash account! You may select from 100+ coins, and it supports payment in over 20 currencies.

Insert the amount you wish to purchase and the cryptocurrency in the Quick Buy and Sell section. Choose from the available retailers and payment providers. To make a purchase, follow the instructions outlined for each option. You may also make purchases with a credit card or cash.

You can deposit or move cryptocurrency from an external wallet or platform. Select "Deposit" on the AAX application. Choose the cryptocurrency you wish to send. Next, choose a network for transmission. Every cryptocurrency has one or more distribution networks from which to select.

Keep in mind to use the same transfer network as mentioned in your wallet. When you choose a distribution network, a deposit address is generated immediately. While beginning a transfer in the other wallet, utilize the created deposit address as the receiver.

You can also earn, invest, trade-in AAX and make orders in the futures market. Rather than purchasing the coin directly, you buy a contract indicating how far a specific cryptocurrency's value will climb or decrease at a specified period. In short, you forecast the core asset's potential value as if you were betting on it.

How can I earn interest in AAX?

As a newbie in cryptocurrency, buying in one or more currencies and storing them in the expectation that their value will grow in the future is a good place to start. However, AAX offers options to boost your investment income using a simple subscriber method. AAX Savings is an excellent method to gain extra cryptocurrencies while storing them. You must transfer a few of your investment cash to certain saving products and begin earning.

Assume you have some Cryptocurrency in your account right now. It's inactive, and you're not trading currently as the price is at an all-time peak or for any other purpose. Instead of hoping for cryptocurrency to rise in price, you may enroll in fixed or flexible investments. You may invest your inactive cryptocurrency in flexible savings to generate passive income and retrieve it at any moment. You may also register to Cryptocurrency fixed savings and hold it in for specific days to receive higher returns.

Participating in Decentralized Finance (DeFi) initiatives is another strategy to maximize your cryptocurrency earnings. Since contributing to DeFi involves technological expertise, AAX has built a system for beginners that needs zero previous knowledge. It functions similarly to AAX Savings in that you contribute your cryptocurrency and begin earning sleeping. Aside from the convenient and straightforward investment procedure, it also demands no servicing and gas expenses.

How does AAX provide customer support?

AAX offers 24-hour customer care. The AAX exchange platform has a live chat function with support experts that are quite informed and friendly. It also has relatively busy Telegram channels, and consumers can communicate with them via Twitter and YouTube networks, where they may learn about utilizing the exchange's many services. It also has a highly user-friendly help center, and customers may browse the exchange's FAQ area for answers to their queries.

Are there any referral or affiliate programs?

As an AAX exchange user, you will be eligible for various incentives and prizes. For example, if you finish the tasks indicated on its Reward Hub, you will be rewarded with 45 AAB. That works out to about $7.25. In addition, if you accomplish all of the tasks, you will receive coupons that you may apply to play the AAB slot. With it, you can earn various quantities of the AAB token. 

You can also welcome your friends to the site to earn referral bonuses. Whenever a referral registers, you receive 20 USDT, and you can subsequently get a 20% rebate during their spot trading trip. As a result, the more your connections trade, the more money you will make.

Furthermore, the AAX platform hosts an AAB Flash Sale promotion weekly. It enables 1000 clients to get a discount on around 1,000 AAB products. In addition, 500 randomly picked customers will receive complimentary AAB tokens. To join in the exchange's freebies and flash sales, you must have level one KYC authentication.

The platform offers an affiliate program called AAX Tribe. In some instances, you may acquire a percentage of trading fees from those referred to the platform. The requirements and levels of the program differ. For example, you will continue to profit from the trading costs waived for persons introduced by the user who registered the platform through you.

How much can I earn from AAX?

The following table lists products that pay interest on a flexible terms basis:

Deposit assetsReward assetsAPY Rate

Deposit LitecoinLitecoin (LTC)

Earn LitecoinLitecoin (LTC)

2.50% - flexible

Deposit Shiba InuShiba Inu (SHIB)

Earn Shiba InuShiba Inu (SHIB)

2.50% - flexible

Deposit AvalancheAvalanche (AVAX)

Earn AvalancheAvalanche (AVAX)

2.50% - flexible

Deposit Wrapped BitcoinWrapped Bitcoin (WBTC)

Earn Wrapped BitcoinWrapped Bitcoin (WBTC)

2.50% - flexible

Deposit PolkadotPolkadot (DOT)

Earn PolkadotPolkadot (DOT)

1.01% - flexible

Deposit DogecoinDogecoin (DOGE)

Earn DogecoinDogecoin (DOGE)

1.89% - flexible

Deposit SolanaSolana (SOL)

Earn SolanaSolana (SOL)

10.0% - flexible

Deposit XRPXRP (XRP)

Earn XRPXRP (XRP)

2.82% - flexible

Deposit CardanoCardano (ADA)

Earn CardanoCardano (ADA)

1.72% - flexible

Deposit BNBBNB (BNB)

Earn BNBBNB (BNB)

1.20% - flexible

Deposit USD CoinUSD Coin (USDC)

Earn USD CoinUSD Coin (USDC)

6.50% - flexible

Deposit TetherTether (USDT)

Earn TetherTether (USDT)

6.35% - flexible

Deposit EthereumEthereum (ETH)

Earn EthereumEthereum (ETH)

4.00% - flexible

Deposit BitcoinBitcoin (BTC)

Earn BitcoinBitcoin (BTC)

4.00% - flexible

The following table lists products that pay interest on a fixed terms basis:

Deposit assetsReward assetsAPY Rate

Deposit LitecoinLitecoin (LTC)

Earn LitecoinLitecoin (LTC)

3.00% - fixed (7 days)

Deposit LitecoinLitecoin (LTC)

Earn LitecoinLitecoin (LTC)

3.50% - fixed (14 days)

Deposit LitecoinLitecoin (LTC)

Earn LitecoinLitecoin (LTC)

4.00% - fixed (30 days)

Deposit Shiba InuShiba Inu (SHIB)

Earn Shiba InuShiba Inu (SHIB)

3.00% - fixed (7 days)

Deposit Shiba InuShiba Inu (SHIB)

Earn Shiba InuShiba Inu (SHIB)

3.50% - fixed (14 days)

Deposit Shiba InuShiba Inu (SHIB)

Earn Shiba InuShiba Inu (SHIB)

4.00% - fixed (30 days)

Deposit Crypto.com CoinCrypto.com Coin (CRO)

Earn Crypto.com CoinCrypto.com Coin (CRO)

3.00% - fixed (7 days)

Deposit Crypto.com CoinCrypto.com Coin (CRO)

Earn Crypto.com CoinCrypto.com Coin (CRO)

3.50% - fixed (14 days)

Deposit Crypto.com CoinCrypto.com Coin (CRO)

Earn Crypto.com CoinCrypto.com Coin (CRO)

4.00% - fixed (30 days)

Deposit DaiDai (DAI)

Earn DaiDai (DAI)

7.15% - fixed (7 days)

Deposit DaiDai (DAI)

Earn DaiDai (DAI)

8.50% - fixed (14 days)

Deposit DaiDai (DAI)

Earn DaiDai (DAI)

10.5% - fixed (30 days)

Deposit DaiDai (DAI)

Earn DaiDai (DAI)

11.2% - fixed (60 days)

Deposit DaiDai (DAI)

Earn DaiDai (DAI)

12.2% - fixed (90 days)

Deposit DaiDai (DAI)

Earn DaiDai (DAI)

13.3% - fixed (180 days)

Deposit DaiDai (DAI)

Earn DaiDai (DAI)

14.5% - fixed (360 days)

Deposit AvalancheAvalanche (AVAX)

Earn AvalancheAvalanche (AVAX)

3.00% - fixed (7 days)

Deposit AvalancheAvalanche (AVAX)

Earn AvalancheAvalanche (AVAX)

3.50% - fixed (14 days)

Deposit AvalancheAvalanche (AVAX)

Earn AvalancheAvalanche (AVAX)

4.00% - fixed (30 days)

Deposit Wrapped BitcoinWrapped Bitcoin (WBTC)

Earn Wrapped BitcoinWrapped Bitcoin (WBTC)

3.00% - fixed (7 days)

Conclusion

To summarize, AAX has shown to be a fantastic alternative for traders and investors. Not only because of its trading and investing services but also because of the method the exchange increases the experience of its customers and allows them to know from the ground up. Whether you're a fresh rookie or a longtime veteran, you will have an incredible experience thanks to the exchange's numerous advantages.

AAX FAQs

AAX is a famous cryptocurrency exchange platform headquartered in Hong Kong.

Margin trading is not available on the AAX. Margin trading is vital for many investors since it significantly enhances trading possibilities. Unfortunately, AAX somehow doesn't offer this service. AAX is available in several nations but not in the USA, which attracts many people to any platform.

AAX's standard trading charge is 0.1 percent for makers and 0.15 percent for takers. However, VIP users get a discount. VIP subscription allows you to reduce the charge to 0.02 percent for creators and 0.04 percent for takers. You may save more on trading costs if you've got a large trading quantity or many assets in your AAX profile. If you pay your charges with AAB, you will enjoy an additional 20% discount.

According to AAX's legal documents, persons and businesses from a handful of countries are not permitted to utilize the platform. The whole list is available on their official website. However, because AAX does not need any identification paperwork (KYC) to open a trading account, this may be readily bypassed by utilizing a VPN.


Mike

Mike

An editor at Coincrop
View articles

Mike is a Crop Crop staff writer based in the UK, covering the best rates for cryptocurrency earning and borrowing products. When not at work, he's likely putting his latest car project back together.


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