Review

AAX is a cryptocurrency exchange trusted by over 2 million users. Buy and sell Bitcoin and over 60 coins through its exchange, or buy directly from verified merchants, through its peer-to-peer marketplace. AAX accepts a wide range of payment methods, including PayPal. Earn interest on your coins through fixed and flexible savings accounts. Or speculate through futures, with leverage up to 100 times.

  • Buying options
  • Fiat currencies: 9
  • Payment methods: 16
  • Pros
  • Excellent customer support.
  • Easy to use mobile trading app.
  • Access cryptocurrency savings accounts.
  • Cons
  • Fewer cryptocurrencies than other exchanges.
  • Does not support fiat withdrawals to a bank account.

Instant Buy Fees

Fees

Buy or sell Bitcoin, Ethereum and 16 other cryptocurrencies with a bank card through AAX.

AAX won't process the transaction itself. Instead, AAX has partnered with third-party companies to enable instant cryptocurrency purchases:

  • itez: accepts Visa and Mastercard. The minimum purchase is 30 USD (or 30 EUR, if applicable). itez levies a 5% commission.

  • Coinify: accepts Visa and Mastercard credit cards as well as bank transfers. Coinify levies a 3% commission for card payments and a 1% commission for bank transfers.

  • Mercuryo: accepts Visa, Mastercard, Google Pay and Apple Pay. Mercuryo levies a 3.95% commission on purchases and a 2.95% commission on sales.

All your purchases will be credited to your AAX Wallet, from which you can then trade.

Trading Fees

Fees

Trade cryptocurrencies on tight spreads, often lower than that of rival exchanges.

AAX trading fees follow a tiered structure: the more you trade, the lower your fees. This holds true whether you trade cryptocurrency or futures. You can get an additional 20% off your trading fees by buying and holding AAB, the AAX token. For simplicity, the fees published on this page don't include any discounts.

Like most exchanges, AAX charges "maker fees" and "taker fees". Taker fees apply when your order takes liquidity away from the market, as is the case with market orders. Maker fees apply when your order adds liquidity, as is the case with limit orders.

Trading Fees (Spot)
AAXBinance
Maker fees0.06%0.10%
Taker fees0.10%0.10%
Discount when holding its token20%20%
Trading Fees (Futures)
AAXBinance
Maker fees0.02%0.02% (USDS-M) - 0.01% (COIN-M)
Taker fees0.04%0.04% (USDS-M) - 0.05% (COIN-M)
Discount when holding its token20%10%

Margin Trading Fees

Fees

Use up to 100x leverage when you trade cryptocurrency futures on AAX. No leverage is available in the spot market.

The funding rate determines whether you’ll pay or receive interest when you trade futures. When the funding rate is positive, traders with long positions pay those with short positions a premium. The opposite is true when the funding rate becomes negative.

The funding rate tends to reflect overall market sentiment. It is positive when most market participants expect prices to rise in the near future, and can stay elevated for days on end when the market is in an uptrend. Conversely, it is negative when traders have a negative outlook. You'll find historical funding rates on AAX.com.

AAX updates the funding rate 3 times a day, every 8 hours. Of note, you'll neither pay nor receive interest if you open and close your position before the rate is updated. The funding rate is paid peer-to-peer between traders. AAX charges no additional fees.

P2P Fees

Fees

AAX P2P is 100% free for buyers and sellers.

AAX P2P is a peer-to-peer crypto marketplace, where you can buy or sell BTC, ETH and USDT from verified merchants. Even though AAX P2P supports several fiat currencies, we only found sellers accepting HKD (Hong Kong Dollar) at the time of writing this article. Sellers accept cash, FPS, AliPay and WeChat Pay.

P2P Fees
AAXBinance
Buyer fee0%0%
Seller fee0%Between 0% and 0.35%, depending on the fiat currency and the cryptocurrency.
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