AEX

AEX Review

AEX is an exchange based in China, but apparently also registered in the United Kingdom. There are a few other exchanges still operating in China, seemingly in spite of the government ban. 

AEX apparently launched as early as in 2013, which in the context of the cryptocurrency industry is like a century ago. The exchange lists the following four features as its primary advantages compared to other exchanges:

AEX does not explicitly prohibit US-investors from trading on its exchange. All US-investors should still try to perform their own analysis of whether their home state imposes any legal obstacles to them trading at any of the top crypto exchanges that could be the best cryptocurrency exchange site for them.

AEX Exchange Trading View

Different exchanges have different trading views. And there is no “this overview is the best”-view. You should yourself determine which trading view that suits you the best. What the views normally have in common is that they all show the order book or at least part of the order book, a price chart of the chosen cryptocurrency and order history. They normally also have buy and sell-boxes. Before you choose an exchange, try to have a look at the trading view so that you can ascertain that it feels right to you.

AEX offers two different alternatives of the trading interface. You have the easier version, the “standard”, and you have the more sophisticated version, the “pro” (no price difference between the different versions). With the standard version, you only see the highest five bids and offers in the order book. The diagram is also quite simple. If you want to see the trading history, you’ll have to scroll down some distance to find it.

With the pro version, the trading view at AEX looks like this:

As you can see on the picture above, this is an actual platform with a nice display of the order book, history and the tape.

AEX Fees

AEX Trading Fees

The fees at AEX are what we call flat fees, meaning that makers and takers are charged the same fee. AEX’s fees are very low, sitting at 0.10% for both takers and makers. This is below the industry average, which has historically been around 0.25%. Today, however, we see more and more exchanges moving towards even lower trading fees such as 0.10%. So in comparison with this, 0.10% is in line with - and not below - industry average.

AEX Withdrawal Fees

AEX's withdrawal fee is 0.0005 BTC per BTC-withdrawal. This fee is a bit below the industry average. The global industry average BTC-withdrawal fee the last time we at Cryptowisser did a full-blown empirical study of it was approx. 0.0008 BTC per BTC-withdrawal. But today, we see more and more exchanges charging 0.0005 BTC per BTC-withdrawal, so one could argue that 0.0005 BTC is starting to become the new industry average.

Deposit Methods

AEX accepts deposits through both wire transfer and credit cards. Many crypto investors view this as very positive.  One should generally look out for the different deposit fees charged by exchanges for deposit of fiat currencies via wire transfer or credit cards, and whereas it might be indifferent to you whether you should deposit via wire transfer or credit card, it might be very different fees. Some exchanges charge a deposit fee of up to 11% for credit cards deposits.