Compare AscendEX (BitMax) vs IDAX

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On this page, you can compare AscendEX (BitMax) with IDAX. 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. AscendEX (BitMax) was founded in 2018 in Singapore. IDAX was founded in 2017 in Mongolia.

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 IDAX. 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.

AscendEX (BitMax) is Centralized and IDAX is Centralized. You can read more about the pros and cons of centralized and decentralized exchanges in this article.

AscendEX (BitMax) has a mobile app available for iOS and Android. IDAX has a mobile app available for iOS and Android.

AscendEX (BitMax) has 3 languages available, including English, Korean and Chinese. IDAX has 3 languages available, including English, Korean and Chinese.

Company
User rating User rating 3.8 / 5 13 user reviews User rating 3.0 / 5 34 user reviews
Cryptogeek rating Cryptogeek rating 4.0 / 5 Cryptogeek rating 1.0 / 5
Trust Score How it works Trust Score 4.03 / 5 Trust Score 3.12 / 5

User rating

3.8 / 5 13 user reviews 3.0 / 5 34 user reviews

Cryptogeek rating

4.0 / 5 1.0 / 5

Trust Score

How it works
4.03 / 5 3.12 / 5

About

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
IDAX was established in December 2017 and it is currently the only operating Mongolian cryptocurrency exchange. In 2019 the exchange was shut down.

Founding Date

2018 2017

Country

Singapore Mongolia

Type

Centralized Centralized

Languages

English, Korean, Chinese English, Korean, Chinese

Mobile app

iOS, Android iOS, Android

Full address

No data 26 district Sunny town 830 Apartment3_293v, 661 Ulaanbaatar, Mongolia

Fees

No data Fee for trading:
0.2% trading fee

Withdrawal fees:
https://www.idax.mn/#/fee
About
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
IDAX was established in December 2017 and it is currently the only operating Mongolian cryptocurrency exchange. In 2019 the exchange was shut down.
Founding Date Founding Date 2018 Founding Date 2017
Country Country Singapore Country Mongolia
Type Type Centralized Type Centralized
Languages Languages English, Korean, Chinese Languages English, Korean, Chinese
Mobile app Mobile app iOS, Android Mobile app iOS, Android
Full address Full address No data Full address 26 district Sunny town 830 Apartment3_293v, 661 Ulaanbaatar, Mongolia
Fees Fees No data Fees Fee for trading:
0.2% trading fee

Withdrawal fees:
https://www.idax.mn/#/fee

Trading

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.

IDAX trading volume is 1,178,556,765.0. The exchange has 263 available trading pairs. Fiat trading is not available on the exchange. Margin trading is not 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

102543922 1178556765

Pairs

240 263

Coins

200 137

Fiat trading

- -

Deposit

Depends on currency and volume No data

Fees

Percentage Percentage

Margin

-
Volume Volume 102543922 Volume 1178556765
Pairs Pairs 240 Pairs 263
Coins Coins 200 Coins 137
Fiat trading Fiat trading - Fiat trading -
Deposit Deposit Depends on currency and volume Deposit No data
Fees Fees Percentage Fees Percentage
Margin Margin Margin -

Safety

Two factor authentication

Verified

Unverified -
Two factor authentication Two factor authentication Two factor authentication
Verified Verified Unverified Verified -

Social

Website

ascendex.com www.idax.pro

Twitter

@AscendEX_Global @IDAXpro

Number of followers

153300 8884
Website Website ascendex.com Website www.idax.pro
Twitter Twitter @AscendEX_Global Twitter @IDAXpro
Number of followers Number of followers 153300 Number of followers 8884

Rating

User rating User rating 3.8 / 5 13 user reviews User rating 3.0 / 5 34 user reviews
Cryptogeek rating Cryptogeek rating 4.0 / 5 Cryptogeek rating 1.0 / 5

Cryptogeek summary

AscendEX (BitMax) user rating is 3.8, based on 13 user reviews. IDAX user rating is 3.0, based on 34 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?
Trust Score: 4.03 / 5
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Write review

On this page, you can compare AscendEX (BitMax) with IDAX. 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. AscendEX (BitMax) was founded in 2018 in Singapore. IDAX was founded in 2017 in Mongolia.

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 IDAX. 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.

AscendEX (BitMax) is Centralized and IDAX is Centralized. You can read more about the pros and cons of centralized and decentralized exchanges in this article.

AscendEX (BitMax) has a mobile app available for iOS and Android. IDAX has a mobile app available for iOS and Android.

AscendEX (BitMax) has 3 languages available, including English, Korean and Chinese. IDAX has 3 languages available, including English, Korean and Chinese.