AscendEX Review: Is It Safe and Worth Using in 2025?

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AscendEX, formerly known as BitMax, is a Singapore-based cryptocurrency exchange that has steadily built a reputation for offering a diverse range of digital asset services. Catering to over 200 countries and supporting more than 150 cryptocurrencies, AscendEX provides users with access to spot trading, margin trading, futures, staking, DeFi yield farming, and a native utility token ecosystem. This comprehensive review dives into its features, security protocols, fee structure, user experience, and overall reliability to help you determine whether AscendEX is a trustworthy platform in 2025.

What Is AscendEX?

AscendEX is a full-service crypto exchange designed for both novice and intermediate traders. The platform supports a wide variety of digital assets including BTC, ETH, USDT, XRP, and its native token ASD (formerly BTMX). With support for credit/debit card purchases, mobile trading via iOS and Android apps, and tools like copy trading, AscendEX aims to deliver a balanced mix of accessibility and functionality.

Despite its global reach, the exchange does not serve users from certain restricted regions — most notably the United States — due to regulatory constraints.

Core Services Offered by AscendEX

AscendEX organizes its offerings into three main categories: trading, investment products, and fiat access. This structured approach ensures clarity without overwhelming new users.

Trading Platform Features

The AscendEX trading interface is powered by TradingView, offering real-time charts, technical indicators, and a clean layout. The terminal includes:

Traders can execute transactions using four order types:

For advanced execution control, TIF orders include:

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Leverage is available up to 25x for margin trading and 100x for USDT-margined perpetual futures, making it appealing for experienced traders seeking high-risk opportunities.

One standout feature is copy trading, which allows users to mirror the trades of top-performing traders automatically. This social trading function lowers the learning curve for beginners while enabling passive participation in active strategies.

The ASD Ecosystem: Utility and Rewards

AscendEX’s native token, ASD (formerly BTMX), plays a central role in enhancing user benefits. Holding ASD unlocks several advantages:

Additionally, staking ASD may yield extra bonuses, further incentivizing long-term holding.

Staking with Flexibility and Liquidity

AscendEX sets itself apart in the staking space by offering flexible unstaking — users can withdraw or transfer staked assets almost instantly. This is made possible through an internal liquidity pool that maintains asset availability without compromising rewards.

Key staking features:

While staked assets cannot be directly traded, their use as collateral adds significant utility for active traders.

DeFi Yield Farming Made Simple

Through its DeFi yield farming program, AscendEX enables users to earn high returns by leveraging decentralized protocols — all without managing smart contracts or paying gas fees. The platform handles backend integration with:

Users receive rewards in multiple tokens, distributed as fees, interest, or incentives. Advanced users can also apply leveraged strategies to amplify farming exposure and boost profits.

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How to Use AscendEX: A Step-by-Step Guide

Creating an Account

  1. Visit AscendEX and register using email or phone number
  2. Set a strong password
  3. Complete login verification (email/SMS)

Verification is optional but recommended for higher withdrawal limits and access to OTC services.

Identity Verification (KYC)

AscendEX offers tiered verification:

Verified users become eligible for increased limits and VIP benefits.

Depositing and Withdrawing Crypto

To deposit:

  1. Go to “Balance” > “Deposit”
  2. Select cryptocurrency and network (e.g., ERC-20, BEP-20)
  3. Copy wallet address or scan QR code

To withdraw:

  1. Navigate to “Balance” > “Withdraw”
  2. Choose asset and chain type
  3. Enter amount and wallet address
  4. Confirm via email and 2FA

Withdrawal fees vary by blockchain congestion and are displayed before confirmation.

Supported Assets and Geographic Availability

AscendEX supports over 150 cryptocurrencies, including major coins like Bitcoin (BTC), Ethereum (ETH), Tether (USDT), USD Coin (USDC), Ripple (XRP), and its native ASD token.

The platform operates in more than 200 countries, though it explicitly restricts access from the United States and other regulated jurisdictions. Language support spans English, Spanish, Japanese, Korean, Arabic, Turkish, Vietnamese, Italian, and more.

Fiat on-ramps are limited to credit/debit card purchases only — direct bank transfers or SEPA deposits are not supported.

Fee Structure Overview

Trading Fees

Fees are determined by a VIP tier system, based on:

Base spot and margin trading fees start at 0.2%, with discounts for higher tiers. Specific pairs like UAT/USDT charge 0.2%, while ASDP/USDT incur 0.5%.

Margin Interest Rates

Daily interest rates for borrowed funds fluctuate based on market demand. Users should monitor current rates via the AscendEX fee page.

Withdrawal Fees

Network-based fees apply and adjust according to blockchain traffic. These are clearly shown during the withdrawal process.

Security Measures: Is AscendEX Safe?

Yes — AscendEX implements multiple layers of protection:

There have been no major security breaches reported to date, reinforcing its credibility.

Customer Support Quality

AscendEX provides responsive support through:

The multilingual Telegram group is particularly valuable for non-English speakers needing real-time assistance.

Pros and Cons Summary

✅ Pros

❌ Cons

Frequently Asked Questions (FAQ)

Is AscendEX safe to use in 2025?
Yes. AscendEX employs industry-standard security practices such as cold storage, 2FA, and email confirmations. It has maintained a clean security record since launch.

Can I stake USDT and USDC on AscendEX?
Yes. AscendEX offers staking for stablecoins like USDT and USDC with estimated APRs up to 8%, subject to change based on market conditions.

Does AscendEX support leverage trading?
Absolutely. Users can trade futures with up to 100x leverage and use up to 25x in margin trading.

Is KYC required on AscendEX?
No — KYC is optional for most services but mandatory for OTC trading and higher-tier account benefits.

Can I use AscendEX without verification?
Yes. You can trade with basic limits without completing identity verification.

Is AscendEX decentralized?
No. AscendEX is a centralized exchange (CEX), meaning it manages user funds and order matching internally.

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Final Verdict: Who Should Use AscendEX?

AscendEX is best suited for intermediate traders and beginners looking for a reliable platform with diverse earning options — especially those interested in staking, copy trading, and DeFi yield farming without technical complexity.

While it lacks direct fiat banking and isn't accessible to U.S. users, its strong security framework, multilingual support, flexible staking model, and integrated DeFi tools make it a competitive player in the global crypto exchange landscape in 2025.

Whether you're exploring passive income or active trading strategies, AscendEX delivers a balanced ecosystem worth considering — especially if you value ease of use alongside innovation.

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