Compare Binance vs AscendEX (BitMax)

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

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 Binance. 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.

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

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

Binance has 19 languages available, including English, Portuguese, German, French, Spanish, Italian, Korean, Russian, Traditional Chinese, Simplified Chinese, Dutch, Vietnamese, Turkish, Indonesian, Filipino, Polish, Slovene, Ukrainian and Bulgarian. AscendEX (BitMax) has 3 languages available, including English, Korean and Chinese.

Company
User rating User rating 2.9 / 5 43 user review User rating 3.6 / 5 14 user review
Cryptogeek rating Cryptogeek rating 4.6 / 5 Cryptogeek rating 4 / 5
Trust Score How it works Trust Score 4.05 / 5 Trust Score 3.97 / 5

User rating

2.9 / 5 43 user review 3.6 / 5 14 user review

Cryptogeek rating

4.6 / 5 4 / 5

Trust Score

How it works
4.05 / 5 3.97 / 5

About

Binance is currently one of the biggest and most popular cryptocurrency exchanges. Originally coming from Hong Kong, the company has recently moved its headquarters to Malta. Back at the beginning of its path the company had an ICO and gathered 15 mln USD. Participants got Binance Coin (BNB) which could be used to trade cryptocurrencies and pay for a fee on Binance exchange.
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

Founding Date

2017 2018

Country

China Singapore

Type

Centralized Centralized

Languages

English, Portuguese, German, French, Spanish, Italian, Korean, Russian, Traditional Chinese, Simplified Chinese, Dutch, Vietnamese, Turkish, Indonesian, Filipino, Polish, Slovene, Ukrainian, Bulgarian English, Korean, Chinese

Mobile app

iOS, Android iOS, Android

Full address

Valletta, NA - Malta, Malta (The exchange does not disclose the exact location of its office) No data

Fees

Trading fees:
Level | 30d Trade Volume (BTC) &/or BNB Balance | Maker/Taker | Maker/Taker (BNB 25%off) | Maker/Taker (BNB x Referral 25% off x Kickback 20%)
VIP 0 < 50 BTC or ≥ 0 BNB 0.100% / 0.100% 0.0750% / 0.0750% 0.0600% / 0.0600%
VIP 1 ≥ 50 BTC & ≥ 50 BNB 0.090% / 0.100% 0.0675% / 0.0750% 0.0540% / 0.0600%
VIP 2 ≥ 500 BTC & ≥ 200 BNB 0.080% / 0.100% 0.0600% / 0.0750% 0.0480% / 0.0600%
VIP 3 ≥ 1500 BTC & ≥ 500 BNB 0.070% / 0.100% 0.0525% / 0.0750% 0.0420% / 0.0600%
VIP 4 ≥ 4500 BTC & ≥ 1000 BNB 0.070% / 0.090% 0.0525% / 0.0675% 0.0420% / 0.0540%
VIP 5 ≥ 10000 BTC & ≥ 2000 BNB 0.060% / 0.080% 0.0450% / 0.0600% 0.0360% / 0.0480%
VIP 6 ≥ 20000 BTC & ≥ 3500 BNB 0.050% / 0.070% 0.0375% / 0.0525% 0.0300% / 0.0420%
VIP 7 ≥ 40000 BTC & ≥ 6000 BNB 0.040% / 0.060% 0.0300% / 0.0450% 0.0240% / 0.0360%
VIP 8 ≥ 80000 BTC & ≥ 9000 BNB 0.030% / 0.050% 0.0225% / 0.0375% 0.0180% / 0.0300%
VIP 9 ≥ 150000 BTC & ≥ 11000 BNB 0.020% / 0.040% 0.0150% / 0.0300% 0.0120% / 0.0240%

Full fee schedule: https://www.binance.com/en/fee/schedule
No data
About
Binance is currently one of the biggest and most popular cryptocurrency exchanges. Originally coming from Hong Kong, the company has recently moved its headquarters to Malta. Back at the beginning of its path the company had an ICO and gathered 15 mln USD. Participants got Binance Coin (BNB) which could be used to trade cryptocurrencies and pay for a fee on Binance exchange.
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
Founding Date Founding Date 2017 Founding Date 2018
Country Country China Country Singapore
Type Type Centralized Type Centralized
Languages Languages English, Portuguese, German, French, Spanish, Italian, Korean, Russian, Traditional Chinese, Simplified Chinese, Dutch, Vietnamese, Turkish, Indonesian, Filipino, Polish, Slovene, Ukrainian, Bulgarian Languages English, Korean, Chinese
Mobile app Mobile app iOS, Android Mobile app iOS, Android
Full address Full address Valletta, NA - Malta, Malta (The exchange does not disclose the exact location of its office) Full address No data
Fees Fees Trading fees:
Level | 30d Trade Volume (BTC) &/or BNB Balance | Maker/Taker | Maker/Taker (BNB 25%off) | Maker/Taker (BNB x Referral 25% off x Kickback 20%)
VIP 0 < 50 BTC or ≥ 0 BNB 0.100% / 0.100% 0.0750% / 0.0750% 0.0600% / 0.0600%
VIP 1 ≥ 50 BTC & ≥ 50 BNB 0.090% / 0.100% 0.0675% / 0.0750% 0.0540% / 0.0600%
VIP 2 ≥ 500 BTC & ≥ 200 BNB 0.080% / 0.100% 0.0600% / 0.0750% 0.0480% / 0.0600%
VIP 3 ≥ 1500 BTC & ≥ 500 BNB 0.070% / 0.100% 0.0525% / 0.0750% 0.0420% / 0.0600%
VIP 4 ≥ 4500 BTC & ≥ 1000 BNB 0.070% / 0.090% 0.0525% / 0.0675% 0.0420% / 0.0540%
VIP 5 ≥ 10000 BTC & ≥ 2000 BNB 0.060% / 0.080% 0.0450% / 0.0600% 0.0360% / 0.0480%
VIP 6 ≥ 20000 BTC & ≥ 3500 BNB 0.050% / 0.070% 0.0375% / 0.0525% 0.0300% / 0.0420%
VIP 7 ≥ 40000 BTC & ≥ 6000 BNB 0.040% / 0.060% 0.0300% / 0.0450% 0.0240% / 0.0360%
VIP 8 ≥ 80000 BTC & ≥ 9000 BNB 0.030% / 0.050% 0.0225% / 0.0375% 0.0180% / 0.0300%
VIP 9 ≥ 150000 BTC & ≥ 11000 BNB 0.020% / 0.040% 0.0150% / 0.0300% 0.0120% / 0.0240%

Full fee schedule: https://www.binance.com/en/fee/schedule
Fees No data

Trading

Binance trading volume is 1,023,663,221.0. The exchange has 603 available trading pairs. Fiat trading is available on the exchange. Margin trading is available.

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.

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

1023663221 102543922

Pairs

603 240

Coins

173 200

Fiat trading

-

Deposit

Free Depends on currency and volume

Fees

Percentage Percentage

Margin

Volume Volume 1023663221 Volume 102543922
Pairs Pairs 603 Pairs 240
Coins Coins 173 Coins 200
Fiat trading Fiat trading Fiat trading -
Deposit Deposit Free Deposit Depends on currency and volume
Fees Fees Percentage Fees Percentage
Margin Margin Margin

Safety

Two factor authentication

Verified

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

Social

Website

www.binance.com ascendex.com

Twitter

@binance @AscendEX_Global

Number of followers

1039263 153300
Website Website www.binance.com Website ascendex.com
Twitter Twitter @binance Twitter @AscendEX_Global
Number of followers Number of followers 1039263 Number of followers 153300

Rating

User rating User rating 2.9 / 5 43 user review User rating 3.6 / 5 14 user review
Cryptogeek rating Cryptogeek rating 4.6 / 5 Cryptogeek rating 4 / 5

Cryptogeek summary

Binance user rating is 2.9, based on 43 user reviews. AscendEX (BitMax) user rating is 3.6, based on 14 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?
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Trust Score: 4.05 / 5
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Trust Score: 3.97 / 5
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On this page, you can compare Binance with AscendEX (BitMax). 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. Binance was founded in 2017 in China. AscendEX (BitMax) was founded in 2018 in Singapore.

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 Binance. 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.

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

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

Binance has 19 languages available, including English, Portuguese, German, French, Spanish, Italian, Korean, Russian, Traditional Chinese, Simplified Chinese, Dutch, Vietnamese, Turkish, Indonesian, Filipino, Polish, Slovene, Ukrainian and Bulgarian. AscendEX (BitMax) has 3 languages available, including English, Korean and Chinese.