AscendEX Review: Is It Safe? Fees, App & Ranking

AscendEX

Within 1 year

Stop of Business

Exchange

Stop of Business

Questionable Regulatory License

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Feedback3

Basic Information

Country/Region

Singapore

Exchange AbbreviationAscendEX

Company NameAscendEX

Operating Period5-10 years

Websitehttps://ascendex.com/en/

Exchange TypeDecentralized Exchange

Score

0.00/10

2026-08-14 Rating

RiskNotice

2 risk alerts

High Risk 2

No Regulatory License

Be aware of the risks!

User Feedback

FX1082241487

2023-11-08

AscendEX provides high liquidity and a variety of cryptocurrencies for trading, which is great! However, their customer service response is very slow, I hope it can be improved.

Hr Strange

2023-09-07

This is the worst exchange I have used, it is very limited.

Rfiguero

2023-08-16

My account was blocked when I wanted to withdraw funds, I have a balance of 74,400 USDT

Exchange Overview

AscendEX is a young exchange that has been born for less than a year, but it has gathered many doers with dreams, innovation and integrity. They worked hard and worked hard for a common goal: tomorrow can be better than today.

Business Region

InfluenceB

Trade TypeP2P

InstrumentP2P

Supported Fiat

Minimum Deposit$1

Payment MethodABA (Cambodia)、Air TM、Ameriabank、BBVA、BBVA Uruguay、BCP、Banco Estado、Banco Falabella、Banco Guayaquil、Banco Pichincha、Banco de Chile、Banco de Credito、Banco de la Nación Argentina (Sucursal Uruguay)、Banco del Pacifico、Banesco Panama、Bank Transfer、Bank Transfer (Cambodia)、Bank of Georgia、Cashapp、Citibank N.A. Sucursal Uruguay、Deniz Bank、INTERBANK、Ipak Yuli Bank、Itaú、Itaú Uruguay、MACH Banco PCI、MAIB、Mercantil Panamá、Mony、NETELLER、PREX Uruguay、Perfect Money、Produbanco、Pyypl、QNB、Revolut、SCOTIABANK、Santander Chile、Santander Uruguay、Skrill、Spring Development Bank、TBC Bank、Tenpo、True Money (Cambodia)、Unibank、Uphold、Utoppia、Vakif Bank、Victoriabank、Volet.com(Formerly Advcash)、Wing Money、Wise、Zelle、Zen、Zinli、Ziraat

News

AscendEX withdrawal complaints mount as ZachXBT questions reserves

Multiple users have reported issues withdrawing funds from cryptocurrency exchange AscendEX, which blockchain investigator ZachXBT said may be showing signs of liquidity issues.　　An X account using the name Lorenzo Navarro Rodriguez said in a Tuesday post that a 4,196 $USDT withdrawal had remained stuck in an “initiating” state since June 10. The account also said repeated customer support inquiries had gone unanswered.　　At least five other users replied to the post over the following days, reporting similar withdrawal issues.　　On Friday, ZachXBT said in a Telegram post that the exchange lacked large-cap reserves for tokens such as Ether (ETH), $USDT ($USDT) and Solana (SOL), indicating potential “liquidity issues” on the platform. ZachXBT urged the platform to respond to the reports about delayed withdrawal requests and provide more clarity on why its hot wallets have low liquidity.　　Exchanges rely on liquid reserves of widely traded assets to process customer withdrawals. A shortage of those assets can lead to delayed withdrawals or, in severe cases, insolvency.　　ZachXBT flags liquidity and withdrawal issues on AscendEX via Telegram. Source: ZachXBT　　AscendEXs reserves are dominated by small-cap holdings　　Blockchain data on Arkham viewed by Cointelegraph on Friday showed that AscendEX-tagged wallets held about $20.2 million in crypto. Arkham-tagged wallets were concentrated

06-26Token

3 reasons why Phantasma (SOUL) is chasing after new all-time highs

Jordan Finneseth3 reasons why Phantasma (SOUL) is chasing after new all-time highs　　Cross-chain interoperability, new project launches and the popularity of NFT gaming are helping to drive the price of SOUL higher.　　Nonfungible tokens and blockchain-based gaming projects saw a breakout in popularity over the course of 2021. This was due to their widespread appeal which attracted the attention of crypto newbies and experienced hodlers alike. This trend helped to further initiate the mass adoption of blockchain technology and from the look of things, its likely to extend throughout 2022. 　　One project is making moves in 2022 is Phantasma (SOUL), a layer-one blockchain protocol that specializes in the creation of SmartNFTs and decentralized gaming applications. Its prices reflect that its about to make a run for a new all-time high. 　　Data from Cointelegraph Markets Pro and TradingView shows that since hitting a low of $2.30 on Dec. 30, the price of SOUL has climbed 61.73% to a daily high at $3.72 on Jan. 3 as its 24-hour trading volume increased from an average of $3 million to $12 million.　　Three reasons for the surging price of SOUL are the launch of several new protocols on the Phantasma network, the addition of cross-chain support

2022-01-03Industry

Polygon upgrade quietly fixes bug that put $24B of MATIC at risk

Brian QuarmbyPolygon upgrade quietly fixes bug that put $24B of MATIC at risk　　“Considering how much was at stake, I believe our team has made the best decisions possible given the circumstances,” said Polygon co-founder Jaynti Kanani.　　14170 Total views 　　86 Total shares 　　Listen to article 　　0:00　　News 　　Ethereum-based layer-two scaling network Polygon has quietly fixed a vulnerability that put almost $24 billion worth of its native token, MATIC, at risk.　　According to a Wednesday blog post from Polygon, the “critical” vulnerability in the networks proof-of-stake Genesis contract was first highlighted by two whitehat hackers on Dec. 3 and Dec. 4 via blockchain security and bug bounty hosting platform Immunefi.　　All you need to know about the recent Polygon network update.　　✅A security partner discovered a vulnerability　　✅Fix was immediately introduced　　✅Validators upgraded the network　　✅No material harm to the protocol/end-users　　✅White hats were paid a bounty https://t.co/oyDkvohg33— Polygon | $MATIC (@0xPolygon) December 29, 2021　　The vulnerability put more than 9.27 billion MATIC at risk that is valued at around $23.6 billion at the time of writing, with the figure representing the vast majority of the tokens total supply of 10 billion.　　Polygon noted that the bug was resolved at block 22,156,660 via an “Emergency Bor Upgrade” to the mainnet on Dec.

2021-12-30Defi