ACX - acx.io REVIEW, TRADING VOLUME AND PAIRS
Australian cryptocurrency exchange ACX has a daily trading volume of 1.5 million dollars. Its headquarters are situated in Hong Kong, and it has a regional office in Melbourne. The official acx.io website is available in English and Chinese languages. At the same time, the exchange accepts fiat deposits in the Australian Dollar, and the same currency acts as the base in most trading pairs, among which the most popular, judging by the volume, are BTC/AUD, HC/AUD, and ETH/AUD.
The exchange's interface is simple and concise. At the top, you will see the exchange button, clicking on which, you will immediately get to the trader's cabinet. In the center is a Japanese price chart, on the right is the order book, and on the left is a form for opening buy/sell orders, as well as currency rates. In the lower part of the website, there is a field with open orders, but if you have just registered an account and have not yet opened an order, this field will be empty.
In the upper right corner is the OTC, News, Sign in/Sign up buttons, and the button for language switch. In the “basement” of the website, you will find such menus as “Privacy”, “User Terms”, “Guarantee Terms”, “Disclaimer” and “Help”, as well as links to social networks (Twitter and Facebook) and a form for sending an email.
The acx.io trading platform accepts fiat deposits only from Australian bank accounts. This significantly limits the opportunities for non-residents of Australia, who can only deposit money in cryptocurrency. The system does not charge a commission for deposits but takes $20 for withdrawal of fiat money and a commission equal to the reward of the miner if the day displayed in the cryptocurrency. The trading commission is 0.2% of the transaction amount - the standard price for most exchanges.
Deposit/withdrawal of funds
When depositing cryptocurrency, you need to take into account that you will need to go through 3 confirmations for Bitcoin and 10 confirmations for other cryptocurrencies to deposit funds. If the money is deposited in fiat currency, the time of crediting funds to the balance can reach up to 3 days.
There are no restrictions on the deposit amount on exchange. As for the withdrawal of money from the account, there are such limits:
• For an individual customer - 25,000 AUD or 100 BTC per day;
• For a corporate customer - 100 000 AUD or 200 BTC per day.
As for the security of funds, ACX practices strict security control. The exchange complies with KYC standards. Besides, the platform provides two-factor authentication, which is an additional barrier for potential attackers.
The Internet is full of positive feedback on ACX. Among its advantages users note:
• Concise and user-friendly trading interface;
• Sound liquidity and great trading volumes;
• The possibility to profitably convert AUD to cryptocurrency;
• Deposits and withdrawals can be made in the fiat Australian Dollar;
• The presence of the application programming interface (API).
The system also has its disadvantages, among which customers highlight:
• Limited choice of cryptographic assets;
• Lack of advanced trading tools;
• A considerable commission for the withdrawal of AUD (20 USD);
• The lack of online support in live chat.
The acx.io has serious prospects in the domestic market of Australia, but outside its competitive position is quite weak. This platform will be of interest to Australian traders. For those who are not residents of this country, we would recommend choosing a more versatile platform where trading is conducted with the USD.