ACDX Exchange is a cryptocurrency exchange registered in Hong Kong that has been operational since 2020. The platform is available in three languages: Japanese, Mandarin and English. ACDX Exchange focuses on derivatives trading. A derivative is an instrument priced based on the value of another asset (normally stocks, bonds, commodities etc). In the cryptocurrency world, derivatives accordingly derive its values from the prices of specific cryptocurrencies. You can engage in derivatives trading connected to the following cryptos here: BTC, ETH, ACXT (the platform’s own token), USDT, mUSD, USDC, TUSD, BUSD, PAX and DGCL.
To Start Trading WithAcdxExchange Indian Residents First Have To Sign Up For An Account By Following The Steps Below.
Step 1. Click On The “Login/Signup” Link On The Top Right Hand Corner Of The Acdx Website.
Step 2. In The Form, Fill In Your First Name, Last Name, Mobile Number, Email ID And Password.
Step 3. If You Have A Referral Code, Enter The Code While Creating Your Account.
Step 4. Submit The Form And Wait For An Activation Email To Be Sent To You.
Step 5. Click On The “Confirm Email” Link In The Activation Email.
Step 6. After Your Account Is Activated, You’ll Be Sent A 6 Digit One Time Password (OTP), Which You Have To Enter After Logging Into YourACDX Exchange.
ACDX Exchange Trading fees
Maker fee: 0.015%
Taker fee: 0.050%
Every time you place an order, the exchange charges you a trading fee. The trading fee is normally a percentage of the value of the trade order. Many exchanges divide between takers and makers. Takers are the one who “take” an existing order from the order book. Makers are the ones who add orders to the order book, thereby making liquidity at the platform.
At ACDX Exchange, takers pay 0.05%. Makers, however, receive a discount and pay 0.015% per trade. Compared to the contracts trading industry average fees, these fees are quite on point with average. The contracts trading industry averages are 0.064% for takers (ACDX Exchange is slightly below here) and 0.014% for makers (ACDX Exchange is very slightly above here).
You can also receive discounts on your trading fees if you hold a certain amount of the exchange’s own token (the ACDX Governant Token). In order to receive the highest possible discount (30%), you need to hold USD 500,000 worth of ACDX Governance Tokens. On the date of first writing this review (10 February 2021), that corresponded to approx. 1.4 million tokens. Here’s a full table of the available trading fee discounts:
ACDX Exchange Withdrawal fees
ACDX Exchange charges a withdrawal fee of 0.0006 BTC per BTC-withdrawal. This fee is slightly below the global industry average. The current global industry average is 0.000643 BTC per BTC-withdrawal according to this report. All in all, the fees charged by this platform are acceptable.
We will review the network’s traffic and withdrawal fees on a daily manner
ACDX Governance Token
In order to trade here, you must have cryptocurrency to begin with. The only asset class you can deposit to ACDX Exchange is cryptocurrency. However, if you really like ACDX Exchange but you don’t have any crypto yet, you can easily start an account with an exchange that has “fiat on-ramps” (an exchange where you can deposit regular cash), buy crypto there, and then transfer it from such exchange to this exchange. Use Exchange Filters to easily see which platforms that allow wire transfer or credit card deposits.
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One of Coinworldstory's longest-tenured contributors, and now one of our news,ico,hyip editors, Verna has authored over 6900+ stories for the site. When not writing or editing, He likes to play basketball, play guitar or visit remote places. Verna, to his regret, holds a very small amount of digital currencies.