ACX is an Australian-based cryptocurrency exchange that aims to provide a reliable and secure platform for buying and selling digital assets. The platform was launched in 2014 and is available to users worldwide, with a focus on the Australian market. In this review, we'll take a closer look at ACX and its features to help you decide if it's the right exchange for you.
User Interface and Experience
The ACX platform is designed with ease of use in mind, with a simple and intuitive interface that's easy to navigate. The main dashboard displays a range of information including market prices, trading volumes, and order book depth, making it easy for traders to stay informed and make informed decisions. The trading platform itself is well designed, with all the necessary tools and features available to users. ACX also offers a mobile app for both iOS and Android devices, providing users with the ability to trade on the go.
Security and Regulations
ACX places a strong emphasis on security, with all user funds stored in cold storage wallets and multi-factor authentication required for all logins. The exchange also complies with all relevant regulations in Australia, including anti-money laundering (AML) and counter-terrorism financing (CTF) laws. This helps to ensure the safety of user funds and protect against fraudulent activity.
Cryptocurrencies and Trading Pairs
ACX offers a relatively limited range of cryptocurrencies, with Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC) being the main trading options. However, the exchange does offer a range of fiat trading pairs, including AUD, USD, EUR, and HKD. This makes it a good option for users looking to trade in their local currency. ACX also offers both spot and margin trading, with leverage of up to 10x available for certain pairs.
Fees and Limits
ACX charges a 0.2% trading fee for all spot trades, which is relatively low compared to other exchanges. Margin trading fees are slightly higher, with a 0.5% fee charged on all trades. The exchange also has relatively high withdrawal fees, with a minimum of AUD 20 or 0.002 BTC charged per transaction. In terms of limits, ACX has a minimum deposit requirement of AUD 50 or 0.002 BTC, and a maximum deposit limit of AUD 50,000 or 2 BTC per day.
Customer Support
ACX offers a range of customer support options, including email support and a help center with a range of articles and guides. The exchange also has an active social media presence, with accounts on Twitter, Facebook, and LinkedIn. While some users have reported slow response times from customer support, overall ACX is regarded as a reliable and trustworthy exchange.
Conclusion
Overall, ACX is a solid choice for users looking for a reliable and secure cryptocurrency exchange. While the range of available cryptocurrencies is limited, the exchange offers a range of fiat trading pairs and a well-designed trading platform. The low trading fees and strong security measures also make it an attractive option for users. However, the high withdrawal fees and deposit limits may be a drawback for some users, and the limited customer support options could be improved.