Compare AscendEX (BitMax) vs ShapeShift

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On this page, you can compare AscendEX (BitMax) with ShapeShift. 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. ShapeShift was founded in 2014 in Switzerland.

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 ShapeShift. 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 ShapeShift is Decentralized. 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. ShapeShift has a mobile app available for iOS and Android.

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

Company
User rating User rating 3.8 / 5 13 user reviews User rating 2.8 / 5 4 user reviews
Cryptogeek rating Cryptogeek rating 4.0 / 5 Cryptogeek rating 4.2 / 5
Trust Score How it works Trust Score 4.03 / 5 Trust Score 3.89 / 5

User rating

3.8 / 5 13 user reviews 2.8 / 5 4 user reviews

Cryptogeek rating

4.0 / 5 4.2 / 5

Trust Score

How it works
4.03 / 5 3.89 / 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
ShapeShift was founded by Eric Voorhees in 2014. Online exchanger based in the Swiss town of Geneva. The main function is the quick conversion of bitcoin and popular altcoins with the highest possible protection of transactions. The peculiarity of the exchange is that client assets are not stored on the site itself. And this, undoubtedly, increases the security of the service, although it somewhat impoverishes the functionality. You can find more information on the ShapeShift team and the project here.

Founding Date

2018 2014

Country

Singapore Switzerland

Type

Centralized Decentralized

Languages

English, Korean, Chinese English

Mobile app

iOS, Android iOS, Android

Full address

No data Zug, CH (HQ) 11 Gubelstrasse

Fees

No data To simplify the process, ShapeShift has given the entire list of the charges that they charge from the users, and some of the popular ones are - Bitcoin - 0.0006 BTC Bitcoin Cash - 0.0002 BCH Ethereum - 0.002 ETH Ethereum Classic - 0.01 ETC Ripple - 0.5 XRP Monero - 0.02 XMR These are the miner's fee, instead of ShapeShift's own transaction charges. Unlike other exchanges, that charge the users a fix amount on their transactions, ShapeShift charges different amounts, depending upon the currency you are trading in.
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
ShapeShift was founded by Eric Voorhees in 2014. Online exchanger based in the Swiss town of Geneva. The main function is the quick conversion of bitcoin and popular altcoins with the highest possible protection of transactions. The peculiarity of the exchange is that client assets are not stored on the site itself. And this, undoubtedly, increases the security of the service, although it somewhat impoverishes the functionality. You can find more information on the ShapeShift team and the project here.
Founding Date Founding Date 2018 Founding Date 2014
Country Country Singapore Country Switzerland
Type Type Centralized Type Decentralized
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 Zug, CH (HQ) 11 Gubelstrasse
Fees Fees No data Fees To simplify the process, ShapeShift has given the entire list of the charges that they charge from the users, and some of the popular ones are - Bitcoin - 0.0006 BTC Bitcoin Cash - 0.0002 BCH Ethereum - 0.002 ETH Ethereum Classic - 0.01 ETC Ripple - 0.5 XRP Monero - 0.02 XMR These are the miner's fee, instead of ShapeShift's own transaction charges. Unlike other exchanges, that charge the users a fix amount on their transactions, ShapeShift charges different amounts, depending upon the currency you are trading in.

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.

ShapeShift trading volume is 57,838.0. The exchange has 940 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 57838

Pairs

240 940

Coins

200 40

Fiat trading

- -

Deposit

Depends on currency and volume Depends on currency and volume

Fees

Percentage Transaction Mining

Margin

-
Volume Volume 102543922 Volume 57838
Pairs Pairs 240 Pairs 940
Coins Coins 200 Coins 40
Fiat trading Fiat trading - Fiat trading -
Deposit Deposit Depends on currency and volume Deposit Depends on currency and volume
Fees Fees Percentage Fees Transaction Mining
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 shapeshift.io

Twitter

@AscendEX_Global @ShapeShift_io

Number of followers

153300 105000
Website Website ascendex.com Website shapeshift.io
Twitter Twitter @AscendEX_Global Twitter @ShapeShift_io
Number of followers Number of followers 153300 Number of followers 105000

Rating

User rating User rating 3.8 / 5 13 user reviews User rating 2.8 / 5 4 user reviews
Cryptogeek rating Cryptogeek rating 4.0 / 5 Cryptogeek rating 4.2 / 5

Cryptogeek summary

AscendEX (BitMax) user rating is 3.8, based on 13 user reviews. ShapeShift user rating is 2.8, based on 4 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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Trust Score: 3.89 / 5 Write review

On this page, you can compare AscendEX (BitMax) with ShapeShift. 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. ShapeShift was founded in 2014 in Switzerland.

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 ShapeShift. 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 ShapeShift is Decentralized. 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. ShapeShift has a mobile app available for iOS and Android.

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