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What is ASD? Is it a scam? Read our article for the best answer.

AscendEX Overview​

Born in August 2018, AscendEX's predecessor was BitMax, and ASD was formerly known as BTMX. AscendEX currently has moderate liquidity, currently ranking about 24th highest liquidity brokers.

An interesting feature is that the platform has a sub-account feature, allowing you to create multiple accounts without email, other phone numbers.

What is the AscendEX token?​

ASD is a functional utility token native to AscendEX. ASD token holders are eligible for higher VIP levels and less transaction fee. ASD can be used in investment products for daily rewards, in Point Card for 50% discounted margin interest, and in AscendEX Auction. Purchase ASD.

ASD Token Use Case​

  • Hold to upgrade to VIP levels, the higher the level, the lower the transaction fee.
  • Staking receives interest.
  • Buy cards that increase the gift received, Point Cards used in Futures
  • Auction.

Pros and cons of AscendEX​


  • Range of cryptocurrencies. The exchange offers a wide range of cryptocurrency markets, including both spot, margin and futures.
  • Features. The list of features on AscendEX is comparable to some of the best centralized exchanges on the market.
  • User-friendly. For such an advanced exchange, the interface on AscendEX is easy to follow for inexperienced cryptocurrency investors.


  • Fiat deposits. While users can purchase cryptocurrencies through a bank card, direct fiat deposits and spot purchases are not available.
  • Security. There is a lack of details for the security protocols implemented on the exchange.
  • Stablecoins. While offering many cryptocurrency markets, there is a lack of stablecoin options.
  • Negative user feedback. Among negative reviews, complaints focus on frozen accounts, losing assets, bad customer service…
  • Slow customer support. The customer service is not good for a platform that caters to the needs of almost three million users from every part of the world. Most people would rather not use this platform for this particular reason.
  • Not available for US customers. If you are a resident of The United States of America then this exchange is not for you.

Now that you have reached almost the end of this review. Is ASD a Scam? We can't confirm yet. The most important thing is each individual's experience. We really want to hear your thoughts so that we can even improve this rating and help more people along the way. Share your experience with ASD by leaving a review/comment in the comment section below.

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