Compare AscendEX (BitMax) vs Simex

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On this page, you can compare AscendEX (BitMax) with Simex. 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. Simex was founded in 2015 in USA.

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 Simex. 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 Simex 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. Simex doesn't have a mobile app.

AscendEX (BitMax) has 3 languages available, including English, Korean and Chinese. Simex has 7 languages available, including English, Korean, Russian, Chinese, Indonesian, Malay and Hindi.

Company
User rating User rating 3.8 / 5 13 user reviews User rating 3.6 / 5 7 user reviews
Cryptogeek rating Cryptogeek rating 4.0 / 5 Cryptogeek rating 0.0 / 5
Trust Score How it works Trust Score 4.03 / 5 Trust Score 3.31 / 5

User rating

3.8 / 5 13 user reviews 3.6 / 5 7 user reviews

Cryptogeek rating

4.0 / 5 0.0 / 5

Trust Score

How it works
4.03 / 5 3.31 / 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
Simex was launched in Russia as a coin exchange in 2015. This platform has a great liquidity. The volume of the platform is more than $ 320 mln. The exchange has an interesting tool – the coin aggregator.

Founding Date

2018 2015

Country

Singapore USA

Type

Centralized Centralized

Languages

English, Korean, Chinese English, Korean, Russian, Chinese, Indonesian, Malay, Hindi

Mobile app

iOS, Android -

Full address

No data 2770 S Maryland Pkw, Suite 300 Las Vegas, NV 89109

Fees

No data 0.2% is the commission paid by the maker and the taker of a cryptocurrency transaction.
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
Simex was launched in Russia as a coin exchange in 2015. This platform has a great liquidity. The volume of the platform is more than $ 320 mln. The exchange has an interesting tool – the coin aggregator.
Founding Date Founding Date 2018 Founding Date 2015
Country Country Singapore Country USA
Type Type Centralized Type Centralized
Languages Languages English, Korean, Chinese Languages English, Korean, Russian, Chinese, Indonesian, Malay, Hindi
Mobile app Mobile app iOS, Android Mobile app -
Full address Full address No data Full address 2770 S Maryland Pkw, Suite 300 Las Vegas, NV 89109
Fees Fees No data Fees 0.2% is the commission paid by the maker and the taker of a cryptocurrency transaction.

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.

Simex trading volume is 81,377,280.0. The exchange has 16 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 81377280

Pairs

240 16

Coins

200 14

Fiat trading

- -

Deposit

Depends on currency and volume Free

Fees

Percentage Percentage

Margin

-
Volume Volume 102543922 Volume 81377280
Pairs Pairs 240 Pairs 16
Coins Coins 200 Coins 14
Fiat trading Fiat trading - Fiat trading -
Deposit Deposit Depends on currency and volume Deposit Free
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 simex.global

Twitter

@AscendEX_Global @simexinvest

Number of followers

153300 2223
Website Website ascendex.com Website simex.global
Twitter Twitter @AscendEX_Global Twitter @simexinvest
Number of followers Number of followers 153300 Number of followers 2223

Rating

User rating User rating 3.8 / 5 13 user reviews User rating 3.6 / 5 7 user reviews
Cryptogeek rating Cryptogeek rating 4.0 / 5 Cryptogeek rating 0.0 / 5

Cryptogeek summary

AscendEX (BitMax) user rating is 3.8, based on 13 user reviews. Simex user rating is 3.6, based on 7 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
Trust Score: 3.31 / 5 Write review

On this page, you can compare AscendEX (BitMax) with Simex. 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. Simex was founded in 2015 in USA.

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 Simex. 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 Simex 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. Simex doesn't have a mobile app.

AscendEX (BitMax) has 3 languages available, including English, Korean and Chinese. Simex has 7 languages available, including English, Korean, Russian, Chinese, Indonesian, Malay and Hindi.