AEX Overview
AEX positions itself as a global platform founded in 2013. It offers hundreds of spot pairs and even a crypto-backed loan service. On the surface, it sounds like a sturdy exchange. But scratch deeper - there’s no verified volume, key withdrawals have been frozen, and scam warnings are easy to find. Trust here is on shaky ground.
What it feels like to use
The platform gives you standard spot trading across dozens of tokens, a simple interface, and a few account perks like loans. There aren’t fancy advanced charts or futures. It’s just a basic crypto swap service. On first glance, it feels familiar, but once you look for data on liquidity or reserves, there’s not much to see.
Where it stands out
AEX tries to lean on age and simplicity to pull in traders, yet it lacks deeper proof.
- Years in operation: Around since 2013, making it one of the oldest names still around.
- Broad token range: Lists over 300 spot pairs.
- Crypto loans: Offers borrowing against your holdings.
- Quick signup: You can start with minimal ID hassle.
For casual dabblers, this setup seems convenient.
Why trust falters
This is where issues pile up fast. The exchange doesn’t show confirmed trading volume or reserve data. That means you have no visibility on whether there’s enough liquidity to handle serious transactions. Worse, it’s documented that withdrawals of some big tokens have been suspended, leaving users unable to access their funds.
The reputation angle looks rough too. Many user reviews rate it extremely low on trust. Online forums carry stories of stuck balances and cases where withdrawals dragged on endlessly or simply failed. Some third-party monitors outright label it risky or scam-prone. For an exchange that’s been around so long, these are glaring problems.
Quick snapshot of strengths vs risks
Here’s a look at what AEX offers on paper - and where the dangers sit.
- What stands out: Long track record, 300+ trading pairs, simple spot trading, crypto-backed lending.
- What might worry you: No proof of volume or reserves, withdrawal freezes, very low trust ratings, no audits.
Who might still use it
If you’re a hobby trader just dipping into altcoins with tiny sums, the wide token list might look tempting. Or if you’re experimenting with crypto loans on minimal balances, it could be a low-stakes playground.
Who should stay away
Anyone serious about transparency, fast exits, or large-volume moves should keep their distance. If you need confidence that an exchange is solvent, regularly audited, or even just widely trusted by the community, AEX falls short.
Final take
AEX markets itself on its long run and broad token menu. But lack of verified liquidity, repeated reports of frozen withdrawals, and serious reputation hits make it risky. In crypto, where trust is everything, these aren’t small issues.
If you still want to try it, test with the smallest sums possible. Check how deposits and withdrawals perform before putting in real capital. This is not a platform to treat like a secure vault. With so many question marks, caution is the only smart approach.