ACX Exchange ReviewCentralized
ACX is one of the world’s few Australian cryptocurrency exchanges that has been operating since 2016. It is owned and managed by the Hong Kong-based Peak HK Limited, which has been running a cryptocurrency arbitrage fund since 2013.
In a relatively small time, ACX has managed to amass a large number of users, becoming one of the largest Australian exchanges, in terms of trading volume. According to a review, its daily Bitcoin volume is over $12 Mln AUD. It offers its users a diverse portfolio, allowing them to trade Bitcoin, Bitcoin Cash, Ethereum and Hcash (HSR) against the Australian Dollar.
Another thing that makes ACX standout from the rest is their zero trading fees policy, which is unusual, since most exchanges charge trading fees. However, ACX does charge 1% withdrawal fees for fiat currency to a bank account. These characteristics make ACX an attractive exchange to use for trading cryptocurrencies pair in the Australian market.
The downside to ACX is that it is still mainly focused on the Australian market and does not accept bank accounts, which are not of Australian origin. Moreover, the users can only deposit withdraw their earnings in AUD, which fairly limits the investor pool to only from Australia.
ACX also a strict KYC policy, which it claims, can take up to two business days. This means that the users cannot trade anonymously on the ACX exchange and have to provide proof of their identification before they can start using the platform. However, despite everything, the platform has enjoyed good reputation and the overall view of the platform is positive.
ACX special priority is security and safety for funds and personal information. A considerable amount of digital assets of ACX is stored offline in a cold storage system with 2FA implementation while personal data is handled carefully and disclosure for what it is needed for given. To keep safety at a high level, ACX keeps improving its safety measures and has IT security and financial audits.
Customer support and satisfaction are another priority of ACX. They offer four different account types (Individual, Corporate, Super Trader and Ultimate Trader) to their customers that are tailored to their needs from individuals to professionals. Unlike others, customer support is only provided through FAQs and email, which could get improved.
The site, as well as the trading platform, are kept simple and easy to understand, which makes it efficient and easy to use for beginners. However, at the same time, it does not give professional more advanced options like trade on margin. It only offers simple buy and sell orders.
For loyal customers, ACX occasionally offers referral promotion benefits, where customers can lower percentage rates in trades through the referral of others.
ACX Exchange Review, Trading Fees, Deposit and Markets
24h Trading Volume
ACX Total Trading Pairs
ACX Margin Trading
ACX Deposit fees
ACX Fiat Deposit
Accepted Payment Method
ACX Native token
Native token smart contract
ACX Trading Markets
ACX Stablecoins trading
Daily Withdrawal Limit
$10,000 daily. Corporations- $20,000 daily.
ACX Withdraw fees
BTC – 0.0001 BTC
BCH – 0.0001 BCH
ETH – 0.001 ETH
Full list of fees can be found here
ACX Withdraw fees discount
Proof of Reserves
ACX Exchange Rating Analysis
Last edit 18.07.2019
ACX is a cryptocurrency exchange aimed at the australian market which is run from Hong Kong, and manages to serve as a fiat on-off ramp into and out of crypto. The exchange has an intuitive enough site and offers AUD deposits and withdrawals, alongside cryptocurrency. Aside from a somewhat pleasant trading experience, though, the exchange displays very low volume numbers, signaling minimal trading happening on the platform, and its range of cryptocurrency offerings is pretty narrow and limited. ACX has had trouble managing a stable relationship with a banking partner, going back and forth between banks in an effort to find a partner willing to enable them to continue operating in the regulatory-uncertain road they are currently in, serving the Australian market while being stationed in Hong Kong, all the while allowing Australian citizens to send and recieve AUD to the platform. The ACX team is nowhere to be found online – and so we cannot assess the capability of its team to effectively manage the company and assure the security of user funds. Due to this, alongside regulatory uncertainty and lack of funds insurance, we would recommend against entrusting the exchange with user funds for prolonged amounts of time. To conclude, while Australian citizens who wish to enter this new asset class, ACX might be a good one-time option, but they are at a serious disadvantage when looked at in the context of the global crypto market.
ACX Exchange Additional Information
ACX Establish date