US investors permitted
A trading cryptocurrency guide must of course provide reviews of all of the top crypto exchanges out there, so that you can find the best cryptocurrency exchange site for you. This is a review of the cryptocurrency exchange AEX. The review consists of four parts: general information, fees, deposit methods and security.
AEX is an exchange based in China, but apparently also registered in the United Kingdom. One of many other exchanges from China that you might be interested in if this exchange is not to your liking is BTCTrade.im.
AEX does not explicitly prohibit US-investors from trading on its exchange. All US-investors should still try to perform their own analysis of whether their home state imposes any legal obstacles to them trading at any of the top crypto exchanges that could be the best cryptocurrency exchange site for them.
AEX offers two different alternatives of the trading interface. You have the easier version, the “standard”, and you have the more sophisticated version, the “pro” (no price difference between the different versions). With the standard version, you only see the highest five bids and offers in the order book. The diagram is also quite simple. If you want to see the trading history, you’ll have to scroll down some distance to find it.
With the pro version, the trading chart looks like this:
As you can see on the picture above, this is an actual platform with a better display of the order book, history and the tape.
AEX Trading Fees
The fees at AEX are what we call flat fees, meaning that makers and takers are charged the same fee. AEX’s fees are very low, sitting at 0.05% for both takers and makers. This is substantially below the industry average (which is arguably around 0.25%). One could even argue that this is one of AEX’s strongest features.
AEX Withdrawal Fees
At AEX, withdrawal fees are nowhere to be found. This is potentially a risk for you as an investor (if they are not informed of anywhere we believe there is a higher risk that they are high). Accordingly, we strongly urge you to make you own analysis of the withdrawal fees at this exchange before depositing any funds with it and before concluding that it is the best cryptocurrency exchange site for you.
AEX accepts deposits through both wire transfer and credit cards. Many crypto investors view this as very positive. One should generally look out for the different deposit fees charged by exchanges for deposit of fiat currencies via wire transfer or credit cards, and whereas it might be indifferent to you whether you should deposit via wire transfer or credit card, it might be very different fees. Some exchanges charge a deposit fee of up to 11% for credit cards deposits.
AEX has a security score of D, when performing the test at Observatory by Mozilla (https://observatory.mozilla.org/). This is below industry average when it comes to top crypto exchanges.
If you have concluded that this is the exchange for you, congratulations! Go for it. But if not, please use our Exchange Finder here to find out which exchange has the best cryptocurrency exchange site for you.