No Regulation

Score

0123456789.01234567890123456789
/10

AEX

South Africa

|

2-5 years

Suspicious Regulatory License|

Medium potential risk

https://asymetrex.com/

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AEX
https://asymetrex.com/
Influence
E

Licenses

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

WikiBit Risk Alerts

1
Previous Detection 2024-09-22

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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Company Name
AEX
Regulatory Status
No Regulation
Abbreviation
AEX
Platform registered country and region
South Africa
Phone of the company
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AspectInformation
Company NameAEX
Registered Country/AreaChina
Founded Year2013
Regulatory AuthorityNot regulated
Number of Cryptocurrencies AvailableMore than 30
Fees0.2% trading fee for both makers and takers
Payment MethodsBank transfer, Alipay, WeChat Pay
Customer SupportEmail, Live chat, Phone

Overview of AEX

AEX is a virtual currency exchange based in China. It was founded in 2013 and is currently not regulated by any authorities. The exchange offers more than 30 cryptocurrencies for trading, with a trading fee of 0.2% for both makers and takers. Users can make deposits and withdrawals through bank transfer, Alipay, and WeChat Pay. AEX provides customer support through email, live chat, and phone.

Pros and cons

ProsCons
Offers a wide variety of cryptocurrenciesNot regulated by any authorities
Low trading feesLimited payment methods
Multiple customer support options

Regulatory Authority

AEX is currently not regulated by any authorities. This lack of regulation creates several disadvantages for traders. Firstly, it raises concerns about the security and transparency of the exchange. Without proper oversight, there is a higher risk of potential fraud or hacking incidents. Traders may face challenges in ensuring the safety of their funds and personal information.

Security

AEX has implemented several security measures to protect user funds and personal information. These measures include secure socket layers (SSL) encryption to ensure the confidentiality of data transmission. AEX also utilizes cold storage for a significant portion of user funds, which helps to prevent unauthorized access.

Additionally, AEX encourages users to enable two-factor authentication (2FA) to add an extra layer of security to their accounts. This requires users to provide a second form of verification, such as a unique code generated on their mobile device, when logging in or making transactions.

Cryptocurrencies Available

AEX offers a wide range of cryptocurrencies for trading on its platform. Currently, there are more than 30 cryptocurrencies available, providing users with various options to choose from. These cryptocurrencies include popular ones like Bitcoin, Ethereum, Ripple, Litecoin, and many others.

How to open an account?

The exact registration process for AEX was not mentioned in the conversation history. However, the general registration process for virtual currency exchanges typically involves the following steps:

1. Visit the AEX website and locate the “Sign Up” or “Register” button.

2. Click on the button to initiate the registration process.

3. Fill out the registration form, providing required personal information such as name, email address, and password.

4. Agree to the terms and conditions of AEX.

5. Complete any additional verification or security measures, such as two-factor authentication (2FA) setup.

6. Verify your email address or complete any additional steps as required by the exchange to activate your account.

It is recommended to visit the AEX website or contact their customer support for specific details and instructions on the registration process.

Payment Methods

The conversation history doesn't provide any information regarding the payment methods and processing time of AEX. It is advisable to visit the AEX website or contact their customer support for specific details and information on the payment methods accepted by the exchange and the corresponding processing times.

Educational Resources

The conversation history doesn't provide any information regarding the educational resources and tools of AEX. It is advisable to visit the AEX website or contact their customer support for specific details and information on the educational resources and tools offered by the exchange.

FAQs

Q: What cryptocurrencies are available for trading on AEX?

A: AEX offers a diverse range of cryptocurrencies, including Bitcoin, Ethereum, Ripple, Litecoin, and many others, providing traders with various options to choose from.

Q: What are the trading fees on AEX?

A: AEX charges a fee of 0.2% for both makers and takers, which is relatively low compared to other exchanges. This can be advantageous for traders looking to minimize transaction costs and maximize their profits.

Q: What customer support options does AEX provide?

A: AEX offers multiple customer support options, including email, live chat, and phone. This allows users to choose their preferred method of communication and seek assistance whenever needed.

Q: Is AEX regulated by any authorities?

A: Currently, AEX is not regulated by any authorities. This lack of regulation raises concerns about the security and transparency of the exchange.

Q: What payment methods are available on AEX?

A: AEX currently supports bank transfer, Alipay, and WeChat Pay as payment methods. However, it is important to note that the exchange has limited payment options, which may be inconvenient for some users.

Q: What security measures does AEX have in place?

A: AEX implements security measures such as SSL encryption and cold storage to protect user funds and personal information. However, it is important to acknowledge that no exchange can guarantee complete protection against all risks.

Q: How can I register on AEX?

A: The exact registration process for AEX was not mentioned, therefore it is advised to visit the AEX website or contact their customer support for specific details and instructions on the registration process.