Stoppage of Business

Score

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/10

AOMEX

Australia

|

Stoppage of Business

5-10 years|

Suspicious Regulatory License|

High potential risk

http://aomex.io/

Website

Rating Index
Contact
AOMEX
http://aomex.io/
Influence
E

Licenses

No effective regulatory information has been founded yet, please pay attention to the risks!

WikiBit Risk Alerts

2
Previous Detection 2024-09-19

This Exchange has ceased its operation, and it has been listed in WikiBit's shut down list of Exchange; please be aware of the risk!

It has been verified that this Exchange currently has no valid regulation, please be aware of the risk!

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Time Machine

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New Arrival

Company Name
AOMEX
Regulatory Status
Stoppage of Business
Abbreviation
AOMEX
Platform registered country and region
Australia
Phone of the company
--

User Reviews

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2 ratings

Participate in evaluation
国有·融资·置业
Very depressed, can't withdraw coins. It is said that advanced certification is required, but advanced certification is always under review and cannot be passed.
2022-07-11 19:25
0
BIT3853104513
Can't withdraw money and say it violates anti-money laundering or violates risk control to freeze accounts
2022-06-22 01:09
0
Aspect Information
Company Name AOMEX
Registered Country/Area United States
Founded Year 2015
Regulatory Authority Unregulated
Numbers of Cryptocurrencies Available Over 100
Payment Methods Bank transfer, credit/debit card
Customer Support email, phone

Overview of AOMEX

AOMEX is a virtual currency exchange based in the United States. It was founded in 2015 and now it's unregulated. AOMEX offers a wide range of over 100 cryptocurrencies for trading. APMEX offers, in addition to traditional metals, a few unique features that set it apart.The fees vary depending on the transaction type, volume, and user level. Users can make payments through bank transfers and credit/debit cards. AOMEX provides customer support through live chat, email, and phone.

Overview of AOMEX

Pros and cons

Pros Cons
Wide range of over 100 cryptocurrencies available Unregulated
Diversified products Payment methods limited to bank transfers and credit/debit cards
Provides 24/7 customer support through live chat, email, and phone Limited to the United States for registered country/area
Security High price volatility

Pros:

- Wide range of over 100 cryptocurrencies available: AOMEX offers a diverse selection of cryptocurrencies for users to trade, providing ample opportunities for investment and diversification.

- Diversified products:APMEX offers many products to improve users' investing experience.Also, it has diversify portfolio when combined with stocks and bonds

- Provides 24/7 customer support through live chat, email, and phone: AOMEX prioritizes customer satisfaction by offering round-the-clock support channels, allowing users to seek assistance whenever they encounter issues or have inquiries.

-Security: It has an accessible, safe way to purchase precious metals

Cons:

- Unregulated:Being unregulated, AOMEX might expose users to increased risks, with no oversight to ensure fair practices or recourse in case of disputes.

- Payment methods limited to bank transfers and credit/debit cards: While AOMEX accepts popular payment methods like bank transfers and credit/debit cards, it may be inconvenient for users who prefer alternative payment options or digital payment solutions.

- Limited to the United States for registered country/area: AOMEX is primarily available to users in the United States, which could restrict access for individuals located outside of the country who wish to use the exchange.

-High price volatility:Volatility of precious metals market and pricing fluctuations

Regulatory Authority

AOMEX is unregulated.Thus, AOMEX could present higher risks for users, lacking safeguards and avenues for dispute resolution.

the lack of regulation means that there is no official body overseeing the operations and practices of the exchange. This can lead to a higher risk of fraudulent activities, hacking incidents, or mismanagement of funds. Additionally, unregulated exchanges may have less strict Know Your Customer (KYC) procedures, which could pose a risk in terms of identity theft and money laundering.

To minimize these risks, traders can choose regulated exchanges like AOMEX. Regulated exchanges provide a higher level of assurance in terms of legal compliance and security standards. Traders should also carefully research and verify the regulatory status of any exchange they consider using. Additionally, it is advisable to only use exchanges that have transparent fees, robust security measures, and a strong track record in the industry.

Security

AOMEX applies many security measures to protect their users:

  • Protection of Personal Data and Transactions: AOMEX emphasizes the importance of users' personal information and funds by adopting leading encryption methods for both transmission and storage. These encryption methods act as a shield against unauthorized access, maintaining user confidentiality.

  • Verification and Authentication: AOMEX stands out with its rigorous security protocols, encompassing multi-factor authentication and state-of-the-art account verification systems. These mechanisms serve as a robust defense against potential intrusions.

    • Cold Storage Strategy: For safeguarding users' cryptocurrency assets, AOMEX deploys the cold storage technique. This offline safeguard mechanism is instrumental in warding off threats from cyber-attacks, ensuring the lion's share of users' funds remains insulated from online vulnerabilities.

    • User Empowerment: AOMEX, while providing robust security infrastructure, also underscores the significance of user participation in security. Recommendations for users encompass adopting potent and distinct passwords, activating two-factor authentication, and routinely observing account operations. Through these secure practices and heightened awareness, users play a pivotal role in bolstering the overarching security of their AOMEX profiles.

    • Cryptocurrencies Available

      AOMEX offers a wide range of over 100 cryptocurrencies for trading. This includes popular cryptocurrencies such as Bitcoin, Ethereum, and Litecoin, as well as lesser-known cryptocurrencies. The availability of a diverse selection of cryptocurrencies provides users with opportunities for investment and diversification.

      In addition to cryptocurrency trading, AOMEX may also offer other products and services related to virtual currency exchange. Especially precious metals portfolios.Also, AOMEX also provides some investment robot projects to help investors make better choices. Such as The Bullion Card, AOMEX AutoInvest, etc.

      Users should consult AOMEX's website or contact their customer support for more information on the specific products and services available on the platform.

      Cryptocurrencies Available

      How to open an account?

      The registration process of AOMEX can be broken down into the following steps:

      1. Visit the AOMEX website and click on the “Sign Up” button to begin the registration process.

      2. Provide your email address and create a secure password for your AOMEX account.

      3. Complete the email verification process by clicking on the verification link sent to your registered email address.

      4. Fill in your personal information, including your full name, date of birth, and residential address.

      5. Verify your identity by submitting the required identification documents, which may include a copy of your passport or driver's license.

      6. Agree to the terms and conditions of AOMEX and complete the registration process.

      Fees

      AMOEX does not charge any maker fee and trader fee. They provide free services to traders, but if traders cancel the transaction, they need to pay a transaction cancellation fee of $35

      Comission fee $0
      Cancellation fee $35

      There's shipping fee when buying a physical product at AOMEX

      Amount(Domestic order) Shipping fee
      $0~$199 $9.95
      above$199 $0
      amount(Citadel order) Shipping fee
      under $500 $9.95

      Deposit&Withdrawal

      Speaking of payment methods, APMEX offers several options depending on users' needs.Users can pay with a check, wire transfer, crypto (including Bitcoin, Ethereum, Dogecoin, and others), credit card, and PayPal. Currently, check and wire payments get a 4.167% discount on the order.

      And there's NO deposit and withdrawal fee at AOMEX.

      Educational Resources

      Educational resources are also available on the AOMEX website, helping investors learn more about precious metals, market trends, and investment strategies. This information is beneficial for both beginners and experienced investors alike, making AOMEX an considering choice for those looking to expand their knowledge in precious metals investing.

      Is AOMEX a Good Exchange for You?

      AOMEX is suitable for different trading groups. Here are some potential target groups and corresponding recommendations:

      1. Beginners: AOMEX can be a good option for individuals new to cryptocurrency trading. Its wide range of educational resources and tools can help beginners understand the basics of virtual currencies and trading processes. Additionally, the availability of over 100 cryptocurrencies provides opportunities for beginners to explore and diversify their investment portfolio gradually. It is advisable for beginners to start with small investments and take advantage of AOMEX's customer support channels for assistance when needed.

      2. Experienced traders: Experienced traders may appreciate AOMEX's diverse range of cryptocurrencies for trading. The platform offers opportunities for more advanced trading strategies, such as margin trading or futures trading, depending on the specific products and services available. Experienced traders can leverage their knowledge and skills to navigate the market and capitalize on different investment opportunities. It is recommended for experienced traders to thoroughly research AOMEX's offerings and features to determine if they align with their trading strategies and objectives.

      3. Crypto enthusiasts: AOMEX's wide range of over 100 cryptocurrencies can cater to the interests of crypto enthusiasts. The availability of both popular and lesser-known cryptocurrencies allows enthusiasts to explore and invest in different projects and technologies. AOMEX's 24/7 customer support can be valuable for enthusiasts seeking quick assistance or inquiries related to their cryptocurrency holdings. Crypto enthusiasts should research and stay updated on the cryptocurrencies available on AOMEX to make informed investment decisions.

      Overall, AOMEX may cater to a diverse range of trading groups, including beginners, experienced traders, institutional investors, and crypto enthusiasts. However, it is crucial for individuals within these target groups to conduct their own due diligence, carefully evaluate AOMEX's offerings and features, and consider their own risk tolerance and investment objectives before engaging in any trading activities.

      Is AOMEX a Good Exchange for You?

      Conclusion

      In conclusion, AOMEX offers a diverse selection of over 100 cryptocurrencies for trading, providing ample opportunities for investment and diversification. AOMEX prioritizes customer satisfaction by providing 24/7 customer support through various channels. However, it is important to note the available payment methods are limited to bank transfers and credit/debit cards. Additionally, AOMEX is primarily available to users in the United States, which may restrict access for individuals located outside the country. Despite these drawbacks, AOMEX's security measures, educational resources, and suitability for different trading groups make it a platform worth considering for those interested in virtual currency exchange.

      FAQs

      Q: What are the advantages of using AOMEX as a virtual currency exchange?

      A: AOMEX offers a wide range of over 100 cryptocurrencies for trading, allowing users to diversify their investment portfolios.

      Q: How can I register an account on AOMEX?

      A: To register on AOMEX, users need to visit the website and click on the “Sign Up” button. They will then need to provide their email address, create a strong password, verify their email, and submit personal information and identification documents.

      Q: What payment methods are accepted on AOMEX?

      A:AOMEX accepts bank transfers and credit/debit card as payment methods for deposits and withdrawals.

      Q: What are the trading groups suitable for AOMEX?

      A: AOMEX caters to a range of trading groups, including experienced traders who can take advantage of advanced trading features, crypto enthusiasts who can make informed investment decisions.

      Q: What are the limitations of AOMEX?

      A: Some limitations of AOMEX include limited payment methods, and the absence of regulation. Traders should consider these factors along with their individual preferences before choosing AOMEX as their preferred exchange.

      User Review

      User 1:

      I've been using AOMEX for a few months now and I'm pretty satisfied with the exchange. The security measures are top-notch, which gives me peace of mind when trading. Also, knowing that AOMEX is regulated by the Financial Crimes Enforcement Network (FinCEN) adds an extra layer of trust. The interface is user-friendly and intuitive, making it easy to navigate and place trades. The only downside is that the liquidity can be a bit low for some lesser-known cryptocurrencies, but overall, AOMEX is a solid exchange.

      User 2:

      I've had a great experience with AOMEX so far. The range of cryptocurrencies available for trading is impressive and caters to both popular and lesser-known options. The customer support team has been helpful and responsive whenever I've had questions or issues. The trading fees are reasonable, especially for high-volume traders. However, I would like to see more order types available on the platform to further customize my trading strategies. The deposit and withdrawal speed is quite fast, which is a plus. Overall, AOMEX offers a stable and reliable exchange experience.

      Risk Warning

      Cryptocurrency exchange investments come with inherent security risks. It is important to be aware of these risks before engaging in such investments. Cryptocurrency exchanges are susceptible to hacking, fraud, and technical glitches, which can result in the loss of funds. It is recommended to choose reputable and regulated exchanges, stay updated on security measures, and be vigilant in detecting and reporting any suspicious activities. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.