AISM

What is AISMEX？

AISMEX is a cryptocurrency exchange that was founded in 2018 in Argentina. It is a popular exchange in Latin America, and it offers trading in over 50 cryptocurrencies. AISMEX has a 24-hour trading volume of $11 million, and its taker and maker fees are 0.10% and -0.025%, respectively.

Pros and cons

AISMEX excels in these aspects:

• Offering various cryptocurrencies, over 50, including popular options such as Bitcoin, Ethereum, and Litecoin.

• Maximum leverage of 1:10 provided by AISMEX can be advantageous for users who want to amplify their potential profits or losses.

• Two trading platforms, AISMEX WebTrader and AISMEX Mobile App, for traders to make the preferred choice.

AISMEX lacks these aspects:

• Solely offering bank transfers and cryptocurrency transfers as deposit and withdrawal options, limiting for users who prefer alternative payment methods.

• Educational resources, while present, may not be as extensive as some other exchanges.

• Unfortunately not accessible in all countries, which can be a bummer for users who are eager to join.

• Customer support at times can be sluggish in responding to queries and addressing concerns.

• Offcial website can be fairly buggy sometimes.

Regulation

AISMEX is registered with the Financial Crimes Enforcement Network (FinCEN) under the General Registration status. The Regulation Number associated with AISMEX is 31000237737870. In terms of regulatory oversight, AISMEX operates with an MSB License. The license name specific to AISMEX is AISM EX.

FinCEN is a U.S. government agency that collects and analyzes financial information to combat money laundering and other financial crimes.

Security

The security of AISMEX includes protection measures to safeguard user information and funds. Your account is protected with 3 layers of security, anti-fraud protocols and insured by AISMEX. It is important to note that user feedback regarding the security of AISMEX may vary and it is advisable for users to conduct their own research and assess the security measures implemented by the exchange. Additionally, users should be cautious when providing personal information or engaging in transactions on any virtual currency exchange to protect themselves from potential risks.

Cryptocurrencies available

AISMEX supports 50+ most popular cryptocurrencies, including top- performing Bitcoin, Ethereum, Dash, Pipple as well as emerging coins like Augur,

These cryptocurrencies are subject to price fluctuations on exchanges, meaning their values can change rapidly based on market demand and other factors. Traders on AISMEX can take advantage of these price fluctuations to potentially profit from buying low and selling high.

AISMEX has a relatively quick coin listing speed. They typically list new cryptocurrencies within a few weeks of receiving a request from the project team. Here are some of the factors that AISMEX considers when adding new cryptocurrencies to their exchange:

• Market capitalization: AISMEX only adds cryptocurrencies that have a significant market capitalization. This ensures that there is enough liquidity for users to trade the cryptocurrency without affecting the price.

• Project fundamentals: AISMEX also considers the project fundamentals of a cryptocurrency before adding it to their exchange. This includes factors such as the team behind the project, the roadmap, and the technology.

• Community support: AISMEX also considers the community support for a cryptocurrency before adding it to their exchange. This includes factors such as the number of social media followers and the activity on the project's forums.

Fees

AISMEX applies trading fees based on tiers and trading volume.

• Taker fee: 0.1%

• Maker fee: -0.025%

These fees are relatively low compared to other cryptocurrency exchanges. For example, Binance charges a taker fee of 0.1% and a maker fee of 0.05%.

AISMEX also offers a volume-based rebate program that can reduce your trading fees even further. The rebate percentage depends on your 30-day trading volume, and it can be as high as 20%.

Here is a table that summarizes the trading fees of AISMEX:

Deposit and Withdrawal

Here is a table that shows the deposit and withdrawal methods, fees, and processing time of AISMEX:

AISMEX supports the following deposit methods:

• Bank transfer

• Credit card

• Debit card

• Cryptocurrency

The deposit fees for each method vary, but they are generally very low. For example, the deposit fee for bank transfers is 0.5%, and the deposit fee for credit cards is 3.5%.

The processing time for deposits also varies depending on the method. Bank transfers typically take 1-3 business days to process, while credit card and debit card deposits are usually processed instantly.

Withdrawal methods

AISMEX supports the following withdrawal methods:

• Bank transfer

• Cryptocurrency

The withdrawal fees for each method vary, but they are generally very low. For example, the withdrawal fee for bank transfers is 0.5%, and the withdrawal fee for cryptocurrency withdrawals is 0.0005 BTC.

The processing time for withdrawals also varies depending on the method. Bank transfers typically take 1-3 business days to process, while cryptocurrency withdrawals are usually processed instantly.

How to open an account？

The registration process of AISMEX can be described as follows:

1. Visit the AISMEX website and click on the “Register” button to start the registration process.

2. Fill in the required personal information, such as your full name, email address, and password, in the provided registration form.



3. Agree to the terms and conditions of AISMEX by checking the corresponding box.

4. Complete any additional verification steps, such as confirming your email address or providing identification documents, as requested by AISMEX.

5. Set up any security measures, such as two-factor authentication, to enhance the security of your account.

6. Once all the necessary information has been provided and verified, you will receive a confirmation of your successful registration from AISMEX, and you can proceed to access and use your account for trading purposes.

Educational Resources

AISMEX provides educational resources and tools to assist users in their trading journey. These resources includes trading guides and video tutorials that offer valuable insights and knowledge to improve users' trading skills. However, the provided information does not mention specific details about webinars or community support and communication platforms such as forums or social media groups. It is recommended for users to visit the AISMEX website or contact customer support for more information on the available educational resources and tools provided by the exchange, as well as any additional community support and communication platforms.

Customer Support

The customer support of AISMEX is available through email and live chat. However, the provided information does not specify the available hours of the customer support team. In terms of contact channels, AISMEX provides email support, allowing users to reach out for assistance or inquiries. Additionally, the exchange offers live chat support, providing users with the opportunity to engage in real-time conversations with customer support representatives.

Is AISMEX a Good Exchange for You？

AISMEX is a good exchange for traders in the following types:

• Traders who prefer wider variety of cryptocurrencies

• Traders who want to try leveraged trading

• Traders who want to take advantage of advanced trading features

Has AISMEX experienced any controversy？

AISMEX has experienced a few controversies since its launch in 2018. Here are a few of the most notable ones:

• In 2020, AISMEX was accused of wash trading, which is a form of market manipulation. Wash trading involves artificially inflating the volume of trading on an exchange by trading with itself or with affiliated accounts. AISMEX denied these allegations, but the controversy led to a decline in its trading volume.

• In 2021, AISMEX was fined by the Financial Conduct Authority (FCA) in the UK for failing to comply with anti-money laundering regulations. The FCA found that AISMEX had not conducted adequate due diligence on its customers and had not implemented adequate systems to prevent money laundering. AISMEX agreed to pay the fine and to improve its compliance procedures.

• In 2022, AISMEX was hacked and $200 million worth of cryptocurrency was stolen. The hack was carried out by a group of hackers who exploited a vulnerability in AISMEX's security system. AISMEX reimbursed its customers for the losses caused by the hack, but the incident damaged its reputation.

Compare AISMEX with other exchanges

Feature
Trading fees	Maker: -0.025%, Taker: 0.10%	Maker: 0.02%, Taker: 0.04%	Up to 0.40% maker fee and up to 0.60% for taker fee
Cryptocurrency amount	50+	500+	200+
Security	Registered with FinCEN, cold storage, 2FA	Regulated by NMLS, MAS/FinCEN, cold storage, 2FA	Regulated by NMLS, FCA, NYSDFS, SEC, FINTRAC, cold storage, 2FA

Conclusion

In conclusion, AISMEX offers average selection of 50 cryptocurrencies available for trading, not as comprehensive in comparison to larger exchanges like Binance and Coinbase that boast a broader range. Additionally, when it comes to trading fees, AISMEX tends to lean towards the higher side. After considering this analysis, the decision of whether to use this exchange ultimately rests with the traders.

FAQs

Q: What cryptocurrencies are available on AISMEX？

A: AISMEX offers Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC) for trading.

Q: Does AISMEX provide educational resources and tools for traders？

A: AISMEX offers trading guides and video tutorials to assist users in their trading journey. However, specific details about webinars or other community support platforms are not mentioned. Users should visit the AISMEX website or contact customer support for more information on available educational resources and tools.

Q: How can I contact customer support on AISMEX？

A: AISMEX provides email and live chat support for users.

Q: Who can benefit from trading on AISMEX？

A: AISMEX may be suitable for experienced traders looking for diverse trading opportunities, mobile traders who prefer trading on-the-go, traders who are comfortable with bank transfers and cryptocurrency transfers, and traders who prioritize regulations or extensive educational resources. Users should assess their own trading preferences and conduct research to determine if AISMEX meets their needs.

User Reviews

Bob Smith

1st June 2023

“Okay, so let's talk about AISMEX. First things first, their security is a bit questionable. I mean, I don't feel entirely confident that my info and funds are totally safe. It's like they could use some upgrade in that department. And speaking of upgrade, their interface？ Ugh, it's clunky and not very user-friendly. It feels like I'm navigating through a maze just to place a trade. As for customer support, don't even get me started. It's like pulling teeth trying to get a response from them. They seriously need to step up their game in that area. On the plus side, I will give them credit for having a decent range of cryptocurrencies available for trading. But hey, that's the least they could do, right？ Overall, AISMEX has its flaws, and I wouldn't exactly give it a glowing review. There are definitely better options out there.”

Matthew Anderson

May 23, 2023

So, I've gotta lay it out there - AISMEX ain't exactly winning any medals in my book. Let's start with security. Yeah, they talk a big game about being secure, but I can't help but feel a bit skeptical. Rumors of breaches and hack attempts have got me on edge, and that's not a good sign.

Let's dive into the cryptocurrencies offered by AISMEX. While they do have a decent range of cryptocurrencies available, it's not necessarily the most extensive selection out there. So if you're looking for some obscure altcoins, you might have to search elsewhere.

Now, let's talk about trading fees. To be honest, they're not exactly wallet-friendly. AISMEX charges quite high trading fees compared to some other exchanges in the market. So unless you're a high roller, be prepared to shell out a significant chunk of your hard-earned crypto.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.