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. There are a few other exchanges still operating in China, seemingly in spite of the government ban. Such exchanges include BTCTrade.im, Bits Blockchain, LakeBTC and xBTCe.
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 Exchange Trading View
Different exchanges have different trading views. And there is no “this overview is the best”-view. You should yourself determine which trading view that suits you the best. What the views normally have in common is that they all show the order book or at least part of the order book, a price chart of the chosen cryptocurrency and order history. They normally also have buy and sell-boxes. Before you choose an exchange, try to have a look at the trading view so that you can ascertain that it feels right to you.
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 view at AEX looks like this:
As you can see on the picture above, this is an actual platform with a nice 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 also 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.
Low trading fees are indeed very important for any prospective cryptocurrency investor. All of the following exchanges also – like the above exchange – have very low trading fees (some of them don’t even charge trading fees at all):