ACE Exchange

ACE Exchange Review

What is ACE Exchange?

ACE Exchange is a cryptocurrency exchange based in Taiwan that has been active since 10 November 2018.

ACE Exchange Mobile Support

Most crypto traders feel that desktop give the best conditions for their trading. The computer has a bigger screen, and on bigger screens, more of the crucial information that most traders base their trading decisions on can be viewed at the same time. The trading chart will also be easier to display. However, not all crypto investors require desktops for their trading. Some prefer to do their crypto trading via their mobile phone. Fortunately for them, ACE Exchange is also available as a mobile application (both for iPhones and Androids).

No US-investors

Why do so many exchanges not allow US citizens to open accounts with them? The answer has only three letters. S, E and C (the Securities Exchange Commission). The reason the SEC is so scary is because the US does not allow foreign companies to solicit US investors, unless those foreign companies are also registered in the US (with the SEC). If foreign companies solicit US investors anyway, the SEC can sue them. There are many examples of when the SEC has sued crypto exchanges, one of which being when they sued EtherDelta for operating an unregistered exchange. Another example was when they sued Bitfinex and claimed that the stablecoin Tether (USDT) was misleading investors. It is very likely that more cases will follow.

According to information we have received, US-investors are not permitted to trade at ACE Exchange. If you're from the US and want to find an exchange where you can trade, just use our Exchange Filters and we'll help you.

ACE Exchange Trading View

Every trading platform has a trading view. The trading view is the part of the exchange’s website where you can see the price chart of a certain cryptocurrency and what its current price is. There are normally also buy and sell boxes, where you can place orders with respect to the relevant crypto, and, at most platforms, you will also be able to see the order history (i.e., previous transactions involving the relevant crypto). Everything in the same view on your desktop. There are of course also variations to what we have now described. This is the trading view at ACE Exchange:

It is up to you – and only you – to decide if the above trading view is suitable to you. Finally, there are usually many different ways in which you can change the settings to tailor the trading view after your very own preferences.

ACE Exchange Fees

ACE Exchange Trading fees

Every time you place an order, the exchange charges you a trading fee. The trading fee is normally a percentage of the value of the trade order. Normally, exchanges distinguishes between takers and makers. Takers are the one who “take” an existing order from the order book. Makers are the ones who add orders to the order book, thereby making liquidity at the platform.

ACE Exchange’s fee for takers is 0.10%. These spot trading taker fees are substantially elow the global industry averages for centralized exchanges. Industry averages have historically been around 0.20-0.25% but we now see new industry averages emerging around 0.10%-0.15%. According to Cryptowisser.com's latest empirical study, the industry average spot trading taker fees were 0.229% and the corresponding spot trading maker fees were 0.185%. 0.10% is - by comparison - far better.

However, that's not even the greatest part. The greatest part is that this exchange does not charge any fees for makers, thus promoting the liquidity at the exchange. This is a very strong part of ACE Exchange's offering and can be really helpful for people interested in not picking up existing orders from the orderbook.

ACE Exchange Withdrawal fees

ACE Exchange charges a withdrawal fee of 0.0002 BTC per BTC-withdrawal. This fee is below the global industry average. The current global industry average is 0.0004599 BTC per BTC-withdrawal according to this report, so ACE Exchange's BTC-withdrawal fee is quite competitive.

Deposit Methods

At this exchange, you can purchase crypto through credit or debit cards. This can be helpful especially for newer crypto investors who want a broad selection of available deposit methods. Many exchanges offer no fiat currency deposit method at all so ACE Exchange does distinguish itself somewhat by also offering card payment possibilities, in collaboration with Switchere.