Compare AscendEX (BitMax) vs Independent Reserve

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On this page, you can compare AscendEX (BitMax) with Independent Reserve. 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. Independent Reserve was founded in 2013 in Australia.

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 Independent Reserve. 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 Independent Reserve 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. Independent Reserve has a mobile app available for iOS and Android.

AscendEX (BitMax) has 3 languages available, including English, Korean and Chinese. Independent Reserve has 1 language available, which is English.

Company
User rating User rating 3.8 / 5 13 user reviews User rating 5.0 / 5 2 user reviews
Cryptogeek rating Cryptogeek rating 4.0 / 5 Cryptogeek rating 4.0 / 5
Trust Score How it works Trust Score 4.03 / 5 Trust Score 4.26 / 5

User rating

3.8 / 5 13 user reviews 5.0 / 5 2 user reviews

Cryptogeek rating

4.0 / 5 4.0 / 5

Trust Score

How it works
4.03 / 5 4.26 / 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
Independent Reserve is a veteran Australian crypto exchange that lets traders trade popular cryptos like Bitcoin, Ethereum, Bitcoin Cash, Ripple and many more.

Founding Date

2018 2013

Country

Singapore Australia

Type

Centralized Centralized

Languages

English, Korean, Chinese English

Mobile app

iOS, Android iOS, Android

Full address

No data Level 26/44 Market St, Sydney NSW 2000, Australia [email protected]

Fees

No data Trade commission: As low as 0.1 %, see Trade Volume Discount section below
Electronic Funds Transfer deposits: Electronic Funds Transfer deposits of $AUD 100.00 and above are free
(smaller deposits incur a $0.99 processing fee)
Incorrect / Missing Reference: $20.00
SWIFT deposits: SWIFT deposits of $5,000.00 equivalent and above are free
(smaller deposits incur a $15.00 processing fee)
Cryptocurrency deposits: Free
Australian AUD withdrawals: Free
International or non-AUD withdrawals: $20.00
Bitcoin withdrawals: BTC 0.0002
Ether withdrawals: ETH 0.001
Bitcoin Cash withdrawals: BCH 0.0001
Litecoin withdrawals: LTC 0.001
Ripple withdrawals: XRP 0.15
Airbridge™ API: Free
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
Independent Reserve is a veteran Australian crypto exchange that lets traders trade popular cryptos like Bitcoin, Ethereum, Bitcoin Cash, Ripple and many more.
Founding Date Founding Date 2018 Founding Date 2013
Country Country Singapore Country Australia
Type Type Centralized Type Centralized
Languages Languages English, Korean, Chinese Languages English
Mobile app Mobile app iOS, Android Mobile app iOS, Android
Full address Full address No data Full address Level 26/44 Market St, Sydney NSW 2000, Australia [email protected]
Fees Fees No data Fees Trade commission: As low as 0.1 %, see Trade Volume Discount section below
Electronic Funds Transfer deposits: Electronic Funds Transfer deposits of $AUD 100.00 and above are free
(smaller deposits incur a $0.99 processing fee)
Incorrect / Missing Reference: $20.00
SWIFT deposits: SWIFT deposits of $5,000.00 equivalent and above are free
(smaller deposits incur a $15.00 processing fee)
Cryptocurrency deposits: Free
Australian AUD withdrawals: Free
International or non-AUD withdrawals: $20.00
Bitcoin withdrawals: BTC 0.0002
Ether withdrawals: ETH 0.001
Bitcoin Cash withdrawals: BCH 0.0001
Litecoin withdrawals: LTC 0.001
Ripple withdrawals: XRP 0.15
Airbridge™ API: Free

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.

Independent Reserve trading volume is 1,042,835.0. The exchange has 27 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 1042835

Pairs

240 27

Coins

200 16

Fiat trading

- -

Deposit

Depends on currency and volume Depends on currency and volume

Fees

Percentage Percentage

Margin

-
Volume Volume 102543922 Volume 1042835
Pairs Pairs 240 Pairs 27
Coins Coins 200 Coins 16
Fiat trading Fiat trading - Fiat trading -
Deposit Deposit Depends on currency and volume 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

ascendex.com www.independentreserve.com

Twitter

@AscendEX_Global @indepreserve

Number of followers

153300 3500
Website Website ascendex.com Website www.independentreserve.com
Twitter Twitter @AscendEX_Global Twitter @indepreserve
Number of followers Number of followers 153300 Number of followers 3500

Rating

User rating User rating 3.8 / 5 13 user reviews User rating 5.0 / 5 2 user reviews
Cryptogeek rating Cryptogeek rating 4.0 / 5 Cryptogeek rating 4.0 / 5

Cryptogeek summary

AscendEX (BitMax) user rating is 3.8, based on 13 user reviews. Independent Reserve user rating is 5.0, based on 2 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 Independent Reserve. 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. Independent Reserve was founded in 2013 in Australia.

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 Independent Reserve. 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 Independent Reserve 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. Independent Reserve has a mobile app available for iOS and Android.

AscendEX (BitMax) has 3 languages available, including English, Korean and Chinese. Independent Reserve has 1 language available, which is English.