Compare Bitforex vs AscendEX (BitMax)
On this page, you can compare Bitforex with AscendEX (BitMax). Which exchange is better to use? You can compare exchange characteristics, fees, trading features, safety, and social media presence.
At the end of this page, you can see our final ratings for both exchanges.
In the table below you can see general information on both exchanges. Bitforex was founded in 2017 in Singapore. AscendEX (BitMax) was founded in 2018 in Singapore.
When choosing an exchange for trading, you should take into account how long it has been an active market player. Older exchanges usually have a good reputation and tend to be more reliable. It may be a good decision to use the older exchange, which is Bitforex. At the same time, newer projects may be more technologically advanced.
You should also pay attention to where the exchange is located. Some countries have strict financial regulations, which makes it difficult to seek court assistance when needed.
Bitforex is Centralized and AscendEX (BitMax) is Centralized. You can read more about the pros and cons of centralized and decentralized exchanges in this article.
Bitforex has a mobile app available for iOS and Android. AscendEX (BitMax) has a mobile app available for iOS and Android.
Bitforex has 4 languages available, including English, Korean, Russian and Chinese. AscendEX (BitMax) has 3 languages available, including English, Korean and Chinese.
| Company | ||
|---|---|---|
| User rating | 20 user reviews | 14 user reviews |
| Cryptogeek rating | ||
| Trust Score How it works |
User rating
| 20 user reviews | 14 user reviews |
Cryptogeek rating
Trust Score
How it worksAbout
|
BitForex is part of a galaxy of new crypto exchanges that appeared after the explosive growth of interest in crypto assets in 2017. A trading platform was registered in Singapore, focused on the Asian and Western markets. At the moment the exchange offers 300+ coins, the ability to trade with futures, 9 languages of the interface, etc. The turnover of the exchange is about $661.457.759 according to coinmarketcup at the moment.
|
AscendEX (BitMax) is a Singapore-based cryptocurrency exchange that was launched in 2018 under the name of BitMax. The rebranding was put into action in March 2021
|
Founding Date
| 2017 | 2018 |
Country
| Singapore | Singapore |
Type
| Centralized | Centralized |
Languages
| English, Korean, Russian, Chinese | English, Korean, Chinese |
Mobile app
| iOS, Android | iOS, Android |
Full address
| Hong Kong (The exchange does not disclose the exact location of its office) | No data |
Fees
|
Maker • Maker fees are paid when you add liquidity to our order book by placing a limit order below the ticker price for buy, and above the ticker price for sell. Taker • Taker fees are paid when you remove liquidity from our order book by placing any order that is executed against an order on the order book. Spot • Maker fees: 0.1% • Taker fees: 0.1% Perpetual BTC & ETH • Maker fees: 0.04% • Taker fees: 0.06% Others • Maker fee: 0.06% • Taker fee: 0.06% MT5 A commission is a fee charged by a trader for buying or selling a product. • Forex/Commodity/Metal/Index commission: 10 USD / Per Lot • Cryptocurrency commission: 0.08% per trade |
No data |
| About |
BitForex is part of a galaxy of new crypto exchanges that appeared after the explosive growth of interest in crypto assets in 2017. A trading platform was registered in Singapore, focused on the Asian and Western markets. At the moment the exchange offers 300+ coins, the ability to trade with futures, 9 languages of the interface, etc. The turnover of the exchange is about $661.457.759 according to coinmarketcup at the moment.
|
AscendEX (BitMax) is a Singapore-based cryptocurrency exchange that was launched in 2018 under the name of BitMax. The rebranding was put into action in March 2021
|
|---|---|---|
| Founding Date | Founding Date 2017 | Founding Date 2018 |
| Country | Country Singapore | Country Singapore |
| Type | Type Centralized | Type Centralized |
| Languages | Languages English, Korean, Russian, Chinese | Languages English, Korean, Chinese |
| Mobile app | Mobile app iOS, Android | Mobile app iOS, Android |
| Full address | Full address Hong Kong (The exchange does not disclose the exact location of its office) | Full address No data |
| Fees |
Fees
Maker • Maker fees are paid when you add liquidity to our order book by placing a limit order below the ticker price for buy, and above the ticker price for sell. Taker • Taker fees are paid when you remove liquidity from our order book by placing any order that is executed against an order on the order book. Spot • Maker fees: 0.1% • Taker fees: 0.1% Perpetual BTC & ETH • Maker fees: 0.04% • Taker fees: 0.06% Others • Maker fee: 0.06% • Taker fee: 0.06% MT5 A commission is a fee charged by a trader for buying or selling a product. • Forex/Commodity/Metal/Index commission: 10 USD / Per Lot • Cryptocurrency commission: 0.08% per trade |
Fees No data |
Trading
Bitforex trading volume is 780,602,851.0. The exchange has 291 available trading pairs. Fiat trading is not available on the exchange. Margin trading is available.
AscendEX (BitMax) trading volume is 102,543,922.0. The exchange has 240 available trading pairs. Fiat trading is not available on the exchange. Margin trading is available.
Please note: The bigger number of available trading pairs provides you with more trading opportunities, but may cause technological shortcomings at the same time.
Volume
| 780602851 | 102543922 |
Pairs
| 291 | 240 |
Coins
| 125 | 200 |
Fiat trading
| - | - |
Deposit
| Free | Depends on currency and volume |
Fees
| Percentage | Percentage |
Margin
| Volume | Volume 780602851 | Volume 102543922 |
|---|---|---|
| Pairs | Pairs 291 | Pairs 240 |
| Coins | Coins 125 | Coins 200 |
| Fiat trading | Fiat trading - | Fiat trading - |
| Deposit | Deposit Free | Deposit Depends on currency and volume |
| Fees | Fees Percentage | Fees Percentage |
| Margin | Margin | Margin |
Safety
Two factor authentication
Verified
| Unverified | Unverified |
| Two factor authentication | Two factor authentication | Two factor authentication |
|---|---|---|
| Verified | Verified Unverified | Verified Unverified |
Social
Website
| www.bitforex.com | ascendex.com |
| @bitforexcom | @AscendEX_Global |
Number of followers
| 26351 | 153300 |
| Website | Website www.bitforex.com | Website ascendex.com |
|---|---|---|
| Twitter @bitforexcom | Twitter @AscendEX_Global | |
| Number of followers | Number of followers 26351 | Number of followers 153300 |
Rating
| User rating | 20 user reviews | 14 user reviews |
|---|---|---|
| Cryptogeek rating |
Cryptogeek summary
Bitforex user rating is 2.8, based on 20 user reviews. AscendEX (BitMax) user rating is 3.6, based on 14 user reviews.
We also calculate the special Cryptogeek TrustScore based on the characteristics of each exchange.
| We choose the winner based on our TrustScore Rating. Please remember, it’s still up to you which company to choose! How do we calculate Trust Score? |
|---|
| We choose the winner based on our TrustScore Rating. Please remember, it’s still up to you which company to choose! How do we calculate Trust Score? |
On this page, you can compare Bitforex with AscendEX (BitMax). Which exchange is better to use? You can compare exchange characteristics, fees, trading features, safety, and social media presence.
At the end of this page, you can see our final ratings for both exchanges.
In the table below you can see general information on both exchanges. Bitforex was founded in 2017 in Singapore. AscendEX (BitMax) was founded in 2018 in Singapore.
When choosing an exchange for trading, you should take into account how long it has been an active market player. Older exchanges usually have a good reputation and tend to be more reliable. It may be a good decision to use the older exchange, which is Bitforex. At the same time, newer projects may be more technologically advanced.
You should also pay attention to where the exchange is located. Some countries have strict financial regulations, which makes it difficult to seek court assistance when needed.
Bitforex is Centralized and AscendEX (BitMax) is Centralized. You can read more about the pros and cons of centralized and decentralized exchanges in this article.
Bitforex has a mobile app available for iOS and Android. AscendEX (BitMax) has a mobile app available for iOS and Android.
Bitforex has 4 languages available, including English, Korean, Russian and Chinese. AscendEX (BitMax) has 3 languages available, including English, Korean and Chinese.