Comparison of Cex.Io vs Ascendex [ 2024 ]

The crypto exchanges compared by their commissions, cryptos, security and much more. Here is the Cex.Io vs Ascendex comparison!

Your expert: Alejandro Borja

cex.io

Cex.Io

Your expert: Xavier Tarrasó

altcoin trader

Ascendex

Main points

Fees

0,15%/0,25%

Earns

Yes

Customer service

4/5
0,10% /0,20%

Fees

Yes

Earns

4/5

Customer service


Recommended for

Beginners

Yes

Trading

Yes

Passive income

Yes

Buy and hold

Yes
No

Beginners

Yes

Trading

Yes

Passive income

Yes

Buy and hold


Comparison of fees

Rating

3.8 – Reasonable fees but slightly higher for fiat transactions.
4.1 – Low trading fees with discounts for token holders.

Level

0,15%/0,25%
0,10% /0,20%

Brief explanation

CEX.IO operates with a transparent fee structure primarily revolving around trading and transaction fees. For traders, the fees are tiered based on the 30-day trade volume, starting from 0.25% for takers and 0.16% for makers at the lowest tier, and decreasing with higher volume. This competitive pricing makes it appealing for both high-volume traders and newcomers. The platform also charges fees for deposits and withdrawals, which vary depending on the currency and method of payment. For example, credit card deposits incur a fee, whereas some methods like bank transfers might offer free deposits depending on the user’s location.
Altcoin Trader’s commission structure is designed with simplicity in mind, aligning with its overall user-friendly approach to cryptocurrency trading. The platform charges a flat fee of 0.25% on all trades, whether you are buying or selling. This rate is quite competitive within the industry, particularly for an exchange that prioritizes ease of use for beginners. The straightforward fee model eliminates any confusion about variable rates that can affect the cost of transactions, making it easier for new traders to understand exactly how much they will be paying per trade. This transparency in fees is part of what makes Altcoin Trader a preferred choice for those new to the crypto markets.

Cex.Io

Ascendex

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Account Minimum

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Direct link to the website

Product selection

Native token

No
Token ASD

Earns

Yes
Yes

NFT marketplace

No
Yes

Cripto/debit card

No
Yes

Company information

Full name

CEX.IO Ltd
AscendEX (formerly BitMax)

Regulation

Regulated in the Reino Unido
Not regulated

Year founded

2013
2018

Founder

Oleksandr Lutskevych
George Cao and Ariel Ling

Payment methods

Transfers

Yes
Yes

Mastercard

Yes
Yes

Wire transfer

Yes
Yes

Card

Yes
Yes

Comparative table

Cex.Io FEATURES Ascendex
CEX.IO allows for small minimum trade amounts, making it accessible for beginners to start trading with a low barrier of entry.
Minimum Trade
The minimum trade amount is reasonable, accommodating both small and larger investors.
The fees are competitive but could be more transparent, particularly concerning the different tiers and specific services.
Trading and Transaction Fees
Fees are competitive but could be improved to match or undercut major competitors.
CEX.IO supports a diverse range of cryptocurrencies, offering users a broad selection of popular and lesser-known coins.
Number of Cryptocurrencies
Offers a decent variety of cryptocurrencies, though not as extensive as larger global exchanges.
The exchange provides a substantial number of trading pairs, facilitating versatile trading strategies.
Crypto-to-Crypto Trading Pairs
Limited to more common pairs, lacking the extensive options found on larger platforms.
The website offers clear information on trading conditions, security protocols, and company policies, making it easy for users to find essential details.
Website Transparency
The website provides clear and straightforward information on fees, policies, and trading options.
The card is linked to your crypto account, providing convenience and benefits like crypto cashback on purchases.
Credit/Debit Card
Altcoin Trader lacks a branded exchange card, limiting the versatility of funds access and usage beyond the digital platform.
Provides secure storage options with a majority of funds held in cold storage, though details could be more accessible to users.
Storage Offering
Provides secure cold storage options, ensuring a high level of security for stored assets.
Offers staking for several cryptocurrencies with competitive rewards; however, more coins could be added to enhance this feature.
Staking and Rewards
Limited options for staking and rewards, not as competitive as other exchanges offering these services.
Both platforms are user-friendly and fully-featured, making trading accessible on the go and from desktop devices.
Mobile App and Desktop
Offers functional mobile and desktop platforms, though they lack some advanced features.
Customer service is available and helpful but can be slow to respond during peak times. Improvements in response time could enhance user experience.
Customer Service
Responsive and helpful customer service, providing support through multiple channels.
Deposits are straightforward and usually quick, but withdrawal processes and associated fees need clearer explanations and potentially lower costs.
Deposit and Withdraw
Efficient processes for deposits and withdrawals, though mainly catering to local (South African) users.

Key features

Analysis tools

Basic charting tools, technical indicators
Technical analysis tools, charting

Mobile APP

No
Yes

Security

High 4,9/5
High 4,6/5

Additional features

Margin trading, staking, CEX.io Loan service, fiat on/off ramps
Margin trading, futures contracts, staking, AscendEX Earn program

Anonymity

No
No

Key points

Available cryptocurrencies

80+
150+

User-friendliness

Features a user-friendly interface that is easy to navigate, making it suitable for beginners. The platform provides a seamless trading experience with essential features easily accessible.
AscendEX offers a well-designed and user-friendly platform that caters to both novice and experienced traders. The interface is intuitive, and the platform provides helpful resources to guide users through the trading process.

Value for money

Delivers decent value for money with competitive fees and strong security features, suitable for both beginners and experienced traders.
Provides good value for money, offering low trading fees and access to a variety of trading tools and features.

Countries of operation

Global, including United States, United Kingdom, Europe, Canada, Australia
United States, United Kingdom, Canada, Australia, Singapore

Best for

Suitable for global traders looking for a reliable and secure platform with competitive fees and a wide range of supported cryptocurrencies.
Great for both novice and experienced traders who want access to a variety of trading tools, low trading fees, and advanced features.

Base currencies available

USD, EUR, GBP, RUB, BTC
USD, BTC, USDT

Account

Trading

CEX.IO offers a secure and user-friendly platform with a good range of cryptocurrencies. It supports fiat integration and has competitive fees but lacks some advanced trading tools.
Ascendex, formerly known as BitMax, offers comprehensive trading options including spot, margin, and futures trading. Its advanced trading tools are beneficial for seasoned traders. However, new users might find the platform’s complexity challenging initially.

Deposit and withdrawal

CEX.IO provides multiple deposit options, including bank transfers, credit/debit cards, and cryptocurrencies. Withdrawals are processed quickly, usually within a day, with competitive fees.
Ascendex offers diverse deposit and withdrawal methods including bank transfers, credit/debit cards, and crypto deposits. Withdrawals are processed quickly, typically within 24 hours. Fees are competitive.

Account opening process

CEX.IO offers a straightforward account opening process. Users need to provide personal information, verify their identity, and the process is typically completed within a day, making it efficient and user-friendly.
Ascendex’s account opening is fully digital and quick. Users need to provide personal information and verify their identity. The process is streamlined and user-friendly, allowing for account approval typically within a day.

KYC required?

Yes
Yes

Customer Service

CEX.IO provides customer support via email, live chat, and phone. The support team is responsive and available 24/7, ensuring users get timely assistance.
Ascendex offers customer support through email, live chat, and a comprehensive FAQ section. The response time is quick, and support is available 24/7, ensuring users can get help whenever needed.

Security

CEX.IO offers comprehensive security measures, including 2FA, encryption, and cold storage. It is regulated by several financial authorities, ensuring high security for investors.
Ascendex ensures security through 2FA, encryption, and cold storage. While the platform is secure, it is not regulated by top-tier authorities, which might be a concern for some users.

Which of these exchanges is for you?

As one of the experts reviewing CEX.IO on our website, I’ve had a positive experience with their platform overall. It’s a great choice for both newcomers to cryptocurrency and seasoned traders. The user interface is straightforward, making navigation and trading uncomplicated. Additionally, their security measures give me confidence in recommending CEX.IO as a reliable place to trade and store digital assets. For anyone looking to dive into crypto trading or expand their portfolio, CEX.IO offers a solid, dependable foundation.
As an expert on our website, I recommend Altcoin Trader for South African users new to the cryptocurrency market, given its user-friendly interface and robust security measures. While it offers a decent variety of cryptocurrencies and straightforward deposit and withdrawal processes, potential users should be aware of its limited crypto-to-crypto trading pairs and the absence of credit/debit card support. For those starting out or primarily trading in major cryptocurrencies, Altcoin Trader provides a solid platform to begin your investment journey securely.

How do we review crypto exchanges?

At Threenvest, we conduct a thorough review process to evaluate and rank the world’s leading crypto exchanges. Our goal is to offer an unbiased assessment, providing you with the information you need to make informed decisions on which ones best suit your needs. We strictly adhere to the guidelines of our editorial policy.

 

We collect data directly from exchanges through detailed questionnaires and conduct first-hand testing and observations during crypto exchange demonstrations. Questionnaire responses, combined with demonstrations and hands-on research from our experts, feed into our proprietary evaluation process that scores each provider’s performance on more than 15 factors. The end result produces star ratings ranging from poor (one star) to excellent (five stars).


For more details on the categories considered when rating brokers and our process, read our full methodology.

Risk Disclaimer

Investing in cryptocurrencies is very risky, you should only invest the money you are willing to lose. Also you should not expect to be protected if something goes wrong.

Neither Threenvest, nor the author, are recommending you to invest with this article.

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