Asproex

Overview of Asproex

Asproex is a virtual currency exchange company that was founded in 2015 in the United States. It is regulated by FinCEN and FINTRAC. However Asproex Exchange has exceeded both the regulatory requirements set by FinCEN and FINTRAC. Asproex offers a wide range of cryptocurrencies for trading, with 100 different options available.

The company charges a transaction fee of 0.2% for each trade. Users can make payments through credit card or bank transfer, providing convenient options for funding their accounts. You should notice that this Exchange has ceased its operation, and it has been listed in WikiBit's shut down list of Exchange; please be aware of the risk!

Pros and cons

- Pros:

Wide range of cryptocurrencies available: Asproex offers a diverse selection of 100 cryptocurrencies for trading. This allows users to have a variety of options and opportunities to diversify their investment portfolios.

Convenient funding options: Users can make payments through credit card, bank transfer and cryptocurrencies, providing flexibility and convenience when funding their accounts.

24/7 customer support: Asproex provides excellent customer support through 24/7 live chat and email services. This ensures that users have access to assistance and guidance whenever they need it.

- Cons:

Transaction fees: Asproex charges a maker-taker fee model for trading. The maker fee is 0.1%, while the taker fee is 0.2%.

Deposit and withdrawal fees:Asproex charges Deposit and withdrawal fees, which could impact the overall cost-effectiveness and attractiveness of the platform for users.

Not available in all countries: Asproex is not available in all countries. This can be a limitation for users who are located in countries where the platform is not accessible.

Regulation exceeded: Asproex Exchange has exceeded both the regulatory requirements set by FinCEN and FINTRAC.

Regulatory Authority

The regulatory situation of Asproex Exchange involves the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) and the Financial Crimes Enforcement Network(FinCEN). However Asproex Exchange has exceeded both the regulatory requirements set by FinCEN and FINTRAC.

The detailed regulation information of Asproex Exchange under FINTRAC:

Regulation Number: M19437069

License Type:Common Financial Service License

The detailed regulation information of Asproex Exchange under FinCEN:

Regulation Number: 31000153197833

License Type:MSB License

Security

Asproex implements measures to protect its users' funds and personal information. The exchange employs industry-standard security protocols, including encryption and two-factor authentication, to safeguard user accounts and transactions.

Additionally, Asproex stores the majority of its users' virtual currencies in offline, cold storage wallets, which are not connected to the internet. This reduces the risk of hacking and theft, as offline wallets are less vulnerable to cyber attacks.

Furthermore, Asproex regularly conducts security audits and vulnerability assessments to identify and address any potential weaknesses in its systems.

Cryptocurrencies Available

Asproex offers a wide range of cryptocurrencies for trading, with 100 different options available. This includes popular cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and Litecoin (LTC), as well as lesser-known cryptocurrencies. The availability of these diverse cryptocurrencies allows users to have a variety of options and opportunities to diversify their investment portfolios.

How to open an account？

The registration process of Asproex can be completed in six simple steps:

1. Visit the Asproex website and click on the “Sign Up” button to begin the registration process.

2. Enter your personal information, including your full name, email address, and password.

3. Read and agree to the terms and conditions of the platform.

4. Complete the verification process by providing additional information, such as your address and phone number.

5. Verify your email address by clicking on the confirmation link sent to your registered email.

6. Set up two-factor authentication for added security and complete the registration process.

Once these steps are completed, you will have successfully registered an account with Asproex and can begin using the platform for virtual currency trading.

Fee

Asproex charges a maker-taker fee model for trading. The maker fee is 0.1%, while the taker fee is 0.2%. There is no minimum trading volume required to qualify for the maker fee.

Payment Methods

Asproex supports a variety of deposit and withdrawal methods, including Credit/debit cards, Bank transfers and Cryptocurrencies.

The deposit fees for credit/debit cards and bank transfers vary depending on the payment method and the currency being deposited. The deposit fees for cryptocurrencies are typically 0.0005 BTC for Bitcoin and 0.01 ETH for Ethereum.

The withdrawal fees for credit/debit cards and bank transfers also vary depending on the payment method and the currency being withdrawn. The withdrawal fees for cryptocurrencies are typically 0.0005 BTC for Bitcoin and 0.01 ETH for Ethereum.

When making a payment via credit card, the processing time may vary depending on the user's credit card provider and the time it takes for the transaction to be approved. Bank transfers may take longer to process, typically ranging from 1 to 5 business days, depending on the user's bank and the countries involved in the transaction. It is important to note that the processing time may also be affected by factors such as weekends, holidays, and any potential delays from the payment providers or banks.

Educational Resources

Asproex provides a range of educational resources and tools to assist users in making informed investment decisions. These resources may include tutorials, guides, and articles that cover topics such as cryptocurrency basics, trading strategies, and market analysis.

Additionally, Asproex offers tools such as real-time price charts, order books, and market indicators to help users analyze market trends and make informed trading decisions. These educational resources and tools aim to empower users with knowledge and insights that can enhance their trading experience on the platform.

Is Asproex a Good Exchange for You？

Asproex is a virtual currency exchange that caters to a wide range of traders, including beginners and experienced investors. Based on its features and offerings, the following target groups may find Asproex suitable for their trading needs:

1. Beginner Traders: Asproex offers a user-friendly interface and provides educational resources and tools that can benefit those who are new to virtual currency trading. The tutorials, guides, and articles can help beginners understand the basics of cryptocurrencies, trading strategies, and market analysis. Additionally, the availability of a diverse range of cryptocurrencies allows beginners to explore different investment options and diversify their portfolios. Asproex's excellent customer support is also beneficial for beginners who may have questions or need assistance.

2. Experienced Traders: Asproex provides advanced trading features such as real-time price charts, order books, and market indicators. These tools enable experienced traders to conduct in-depth technical analysis and make informed trading decisions. The wide range of cryptocurrencies available on the platform allows experienced traders to take advantage of various market opportunities. Asproex's security measures, including encryption and two-factor authentication, also provide a level of trust and security for experienced traders.

Conclusion

In conclusion, Asproex offers a wide range of available cryptocurrencies, which allows for diversification of investment portfolios. Asproex also offers convenient funding options through credit card and bank transfer make transactions seamless. The 24/7 customer support ensures users have access to assistance when needed.

However, Asproex does have some drawbacks, including transaction fees,and availability in select countries. Asproex Exchange has exceeded both the regulatory requirements set by FinCEN and FINTRAC, which may raise concerns about the transparency and oversight of the exchange. You should also notice that this Exchange has ceased its operation. Please be aware of the risk!

FAQs

Q: What are the trading fees on Asproex？

A: Asproex charges a maker-taker fee model for trading. The maker fee is 0.1%, while the taker fee is 0.2%.

Q: How long does it take to process a withdrawal on Asproex？

Q: Does Asproex have a mobile application？

A: Yes, Asproex offers a mobile application for traders who prefer to trade on the go.

Q: Can I trade cryptocurrencies on Asproex without completing the verification process？

A: No, completing the verification process is mandatory for all users on Asproex. This is to ensure compliance with regulatory requirements and to enhance the security of the platform.

Q: Are there any limits on deposits and withdrawals on Asproex？

A: Yes, there are certain limits imposed on deposits and withdrawals on Asproex. These limits may vary depending on factors such as the user's account level and the specific cryptocurrency being deposited or withdrawn.

Q: How can I contact customer support on Asproex？

A: Asproex provides 24/7 customer support to assist users with any inquiries or issues they may have. Users can contact customer support through various channels, such as email or live chat, which can be found on the Asproex website.

User Review

User 1: Asproex has definitely exceeded my expectations as a crypto exchange. The security measures in place, such as encryption and offline storage wallets, give me peace of mind knowing that my funds are safe. The interface is user-friendly and intuitive, making it easy for me to navigate and execute trades. The availability of a wide range of cryptocurrencies is impressive, allowing me to diversify my portfolio. The customer support team has been responsive and helpful whenever I've had any questions. However, the trading fees can be a bit high compared to other exchanges.

User 2: I've been using Asproex for a while now, and I must say that the platform is very well-regulated. The compliance with anti-money laundering and counter-terrorism financing regulations provides an added layer of trust. The liquidity on Asproex is excellent, ensuring that I can execute trades quickly and at favorable prices. The variety of cryptocurrencies available is impressive, allowing me to explore different investment options. The customer support team is top-notch, always providing prompt and helpful assistance. My only minor complaint would be the limited order types available on the platform.

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.