ACE

Overview of ACE

ACE was founded in 2015 in Taiwan. The company is unregulated. It is a cryptocurrency exchange that offers maximum leverage of 1:100. It supports a variety of trading platforms, including web, mobile, and API. The exchange accepts payment through credit/debit cards, bank transfers, and PayPal. ACE charges a trading fee of 0.02% - 0.07%, which is relatively low compared to other cryptocurrency exchanges. The available cryptocurrencies on ACE include Bitcoin, Ethereum, Litecoin, Tether, and USD Coin.

Pros and cons

Pros:

ACE boasts a range of compelling advantages that set it apart in the world of cryptocurrency trading. At the core of its appeal is its automated trading platform, which harnesses advanced algorithms to execute trades with precision and efficiency, relieving users of the need for constant manual intervention. This is complemented by an intuitively designed user-friendly interface, ensuring that both seasoned traders and newcomers alike can navigate and utilize the platform with ease. Furthermore, the system stands out for its exceptional liquidity, providing users with the confidence that their trades can be executed swiftly and without hindrance. Adding to its appeal, ACE offers an extensive selection of cryptocurrencies, allowing traders to diversify their portfolios and capitalize on a wide range of investment opportunities within the crypto landscape.

Cons:

Certain users have encountered challenges with their customer support, citing prolonged response times. Another aspect worth noting is its limited availability, stemming from regulatory constraints in specific jurisdictions that prevent its accessibility in certain countries. Additionally, ACE's educational resources, while available, may not be as extensive as those offered by other exchanges. This could be a drawback for users who are new to cryptocurrency trading and are looking for more comprehensive educational materials. Another significant downside of ACE is that it is unregulated. This could potentially give rise to concerns about user protection and the platform's commitment to industry norms. Traders who value a regulated setting might have reservations due to the absence of oversight, potentially affecting their overall confidence in the platform's operations and security protocols.

Regulatory Authority

ACE operates under no regulatory authority according to the latest information addressed on WikiBit.

Unregulated exchanges do not have the same level of oversight and accountability. This can pose risks for traders, as there may be a lack of safeguards in place to protect against fraudulent activities or market manipulation. Additionally, unregulated exchanges may not have proper mechanisms to handle disputes or provide recourse for users in case of issues or losses.

Security

While ACE claims to prioritize user safety, there have been concerns raised within the community about the adequacy of its security protocols. It's worth noting that in comparison to some other platforms, ACE's security measures appear to lack the comprehensive layers of encryption and multi-factor authentication that are increasingly becoming industry standards. This raises questions about the platform's ability to effectively safeguard sensitive user data and assets from potential threats. As users continue to prioritize security in the cryptocurrency realm, ACE's approach to security might leave some potential users feeling uncertain about the level of protection they can truly rely upon.

Cryptocurrencies Available

ACE supports trading for approximately 36 cryptocurrencies, spanning a wide range of digital assets. From prominent names like Bitcoin (BTC), Ethereum (ETH), and Tether (USDT), to emerging contenders like Solana (SOL), Avalanch (AVAX), and Kava (KAVA), ACE provides a dynamic selection for traders and enthusiasts alike. This diverse array also includes established tokens such as Binance Coin (BNB), Cardano (ADA), and XRP (XRP), along with innovative projects like The Graph (GRT), Axie Infinity (AXS), and Helium (HNT). With a blend of well-known and lesser-known tokens, ACE caters to varying trading strategies and risk preferences, making it a promising platform for navigating the exciting world of cryptocurrency trading.

How to open an account？

The process is simple - access the website, complete the registration process in 4 quick steps, and start trading as below.

Fees

The taker fee and maker fees of ACE are 0.02% - 0.07%, which is relatively low compared to other cryptocurrency exchanges. The taker fee is typically higher than the maker fee because the taker is taking liquidity from the market, while the maker is providing liquidity to the market.

Payment Methods

ACE offers diverse payment methods, including credit/debit cards, bank transfers, and PayPal. While Bitcoin withdrawals incur a fixed fee of 0.0005 BTC, withdrawal fees for other cryptocurrencies differ. Credit/debit card deposits are subject to a 3.5% fee, whereas bank transfers and PayPal deposits are fee-free. Processing times vary by method: credit/debit card deposits usually take 1-3 business days, while bank transfers and PayPal deposits take around 1-2 business days for processing.

Educational Resources

Traders interested in accessing educational materials or tools should visit ACE's website or contact their customer support for more information on the available resources and tools. It is advisable for traders to choose platforms that offer comprehensive educational resources and tools to enhance their understanding and decision-making in the virtual currency market.

Is ACE a Good Exchange for You？

ACE offers a suite of advantages that make it an enticing option in the realm of cryptocurrency trading. The platform's automated trading system, driven by advanced algorithms, stands out as a valuable feature, enabling users to execute trades with precision and efficiency while minimizing the need for constant manual input. Additionally, ACE's user-friendly interface caters to a diverse audience of traders, ensuring a seamless experience for both seasoned experts and newcomers to navigate the platform with ease. The exceptional liquidity ACE provides further adds to its appeal, assuring users of swift and hassle-free trade execution. With a broad range of cryptocurrencies available, ACE empowers traders to diversify their investment portfolios, capitalizing on the dynamic opportunities within the crypto market.

Conclusion

In conclusion, despite its strengths, ACE does exhibit certain limitations that users should consider. Some users have reported prolonged customer support response times, which could be a drawback for individuals seeking timely assistance. Moreover, ACE's availability is restricted due to regulatory constraints in certain jurisdictions, limiting accessibility for traders from specific regions. The platform's educational resources, though present, might not be as extensive as those offered by competing exchanges, potentially affecting the learning experience for users, especially those who are new to cryptocurrency trading. Additionally, ACE's unregulated status raises concerns about user protection and adherence to industry standards. For users who prioritize a regulated environment, the absence of oversight might impact their confidence in the platform's security and operational practices.

FAQs

Q: Can I trade NFTs？

A: No, you cannot trade NFTs on ACE.

Q: Where is my money stored？

A: Your money is stored in cold wallets.

Q: What kind of rewards can users earn？

A: Cash back, Discounts, and Airdrops.

Q: What countries are restricted？

A: The United States, Canada, China, Iran, North Korea, and Sudan.

Q: Does it require KYC？

A: Yes, ACE requires KYC.

User Review

User 1: “I've been using ACE for a few months now, and their automated trading platform is a game-changer. It takes care of trades efficiently, letting me focus on other things. The user-friendly interface makes navigation a breeze, and the exceptional liquidity ensures my trades are executed smoothly. The range of cryptocurrencies available to trade is impressive, allowing me to diversify my portfolio. The only downside I've encountered is that customer support can take a while to respond, but overall, ACE has been a valuable addition to my trading toolkit.”

User 2: “ACE has some strong points, like the automated trading platform that simplifies trading. The user-friendly interface is great, especially for newcomers like me. However, their customer support can be frustratingly slow at times, leaving me hanging when I needed assistance. I also wish they had more educational resources. The range of cryptocurrencies is decent, but I've heard it's not as broad as on some other exchanges. My main concern is that ACE is unregulated, which makes me uneasy about the security and transparency of the platform. They have potential, but there's room for improvement.”

Risk Warning

Cryptocurrency exchange investments come with inherent security risks. It is important to be aware of these risks before engaging in such investments. Cryptocurrency exchanges are susceptible to hacking, fraud, and technical glitches, which can result in the loss of funds. It is recommended to choose reputable and regulated exchanges, stay updated on security measures, and be vigilant in detecting and reporting any suspicious activities. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.