ACE Review
Global businesses are no longer what they used to be several decades ago. This is because global financial systems have been influenced by the growing rate of technological advancements being witnessed globally. The dynamic shift of the global financial system has led to the creation and establishment of certain markets including digital markets. Today’s world has seen the rise and acceptance of digital markets, one of which is the foreign exchange market where countries’ currencies are traded. This market exists in the digital space and can be accessed from anywhere in the world. Another good example of business and financial evolution is the creation and adoption of cryptocurrency. Simply put, cryptocurrency is a form of digital currency or asset whose value is pronounced and globally recognized. Over the years, crypto has been enjoying massive acceptance and adoption from global financial systems.
It is therefore not surprising that cryptocurrency is set to replace fiat currency in the coming years even as world economies go digital. With the advent of cryptocurrency comes crypto trading which involves the buying and selling of these digital assets. Crypto trading can be carried out in any part of the world provided that the individual uses a crypto exchange. Without crypto exchanges, individuals can now transact in these digital tokens. This shows the relevance of the ACE exchange in today’s financial system. Currently, several exchanges provide avenues for individuals to buy and sell cryptos effectively. There are however certain factors to consider before choosing crypto trading platforms. One major factor is whether the platform is regulated or not. The crypto market is a highly volatile one that is prone to strategic changes in little time thus traders in such a market need a form of assurance from the firm they are trading with.
The regulation of a crypto exchange offers this assurance as it ensures that no matter the outcome of the market and token price performances, such a platform stays operational saving users from losing their digital assets to bankruptcy or business collapse. Exchange regulation also implies that the regulated platforms carry out activities according to certain restrictions and legislations laid down by regulatory bodies which are mostly government establishments. This way, governments of countries can easily control these platforms and ensure their continuity and good conduct. Most crypto trading platforms that are widely used in today’s world are regulated. Another factor to put into consideration is whether the platform is centralized or decentralized. Centralized platforms were the earliest forms of crypto exchanges before decentralized ones were introduced.
Nowadays, most crypto traders prefer using decentralized exchanges as it provides the user the opportunity to take custody of his digital assets and eliminates the need for a third-party institution. This way, traders become directly responsible for whatever happens to the digital tokens in their wallets. Crypto exchanges are very important as far as crypto trading and token transactions are concerned. So within this review, the ACE exchange would be closely examined as details about the platform which would be of help to your crypto trading journey would be provided.
| Exchange platform | ACE |
| Website | ace.io |
| Variety token | 16 |
| Account needed | Yes |
| Verification | Yes |
| Verification levels | Two |
| Trading platform payments | Bank transfer, credit cards |
| Customer support | Email, Telegram, Medium, Facebook |
What is ACE Exchange?
Cryptocurrency when it was developed didn’t gain instant global acceptance as several countries in different regions were skeptical about its feasibility and continuity. However, over the years, it has proven that it is a development that has come to stay and so several countries now support it. The Asian region was slow in accepting crypto at its initial stages but presently the continent is opening up to crypto trading platforms and establishments. The ACE exchange is one of the numerous testimonies to this fact as it is a Taiwan-based crypto exchange that was established in 2018 and has been operational since then. It is a crypto trading platform that is committed to being the most professional avenue for the exchange of cryptocurrency within the Chinese community. It is designed to provide an effective means for the execution of fiat to crypto exchanges within the region and a larger global reach. This platform is also established as a channel through which the people of Taiwan can be exposed to the existence and operations of cryptocurrency and the crypto market.
The goal of this platform is to provide a seasoned and professional environment for the exchange of crypto assets for the people of Taiwan, China, and even beyond. To prove its commitment to this cause, the firm has established partnerships with several professional entities including international law firms, professional and experienced accounting corporations, financial institutions, and regulatory bodies to achieve the strictest risk control and provide a high standard of professionalism. The firm’s concern for high standards and professionalism sets it apart as similar exchanges are most peculiar about their profit maximization. While maintaining professionalism, the firm also seeks to properly familiarize its users with the workings and activities of the crypto market which would be a helpful tool in conducting crypto transactions.
The availability of such a feature is because the trading platform’s team consists of experts with years of experience in several fields such as financial technology, information technology, and blockchain development. Such is their expertise that the provision of valuable educational analysis and information is carried out with top-notch presentation and standard outlook. The crypto platform is designed to be a highly secure and user-friendly crypto exchange for the people of Taiwan and beyond. With a platform tailored to meet the needs of users in a certain region, there is no doubt how much crypto trading would flourish and this is one reason why the ACE exchange is why it is today.
ACE Exchange Trading Services
Conducting crypto transactions can be challenging but with this trading platform, it is convenient for users as that is one of the firm’s goals. It is in this vein that the platform offers certain trading options and services which would improve every user economically and financially. To begin with, the exchange provides a variety of tokens, about sixteen of them, all of which users can trade successfully and effectively. This implies that users are allowed to choose from the numerous options available, tokens with the highest of prospects, and trade them. The option of multiple trading is also made available allowing users to channel their investments to diverse coins thus attracting higher market success chances. In addition to this, the platform incorporates the principles and methods of the traditional banking system with crypto trading. This implies that the assurance of a friendly and convenient trading environment is provided.
One unique feature also provided by this platform is the ACE point system which is a form of user growth system that has proven effective over time. This feature is only found on this trading platform and it is simple to operate. After the completion of every transaction, a single point is awarded to the user on every 1 NTD, and with the accumulation of these points, your level on the trading platform would automatically increase. The increase in level is beneficial in the sense that the more you rise as a user, the lower the fees attracted or collected on your transactions within the platform. So while you trade and earn profits, you also accumulate points that would eventually reduce the fees you pay on transactions.
With such an option, it is obvious that the success of every individual trader is of importance to the platform as it encourages users to make profits, learn and continue making crypto transactions. The ACE exchange is a perfect choice particularly for newbies and beginners in the crypto market as it supports the direct conversion of fiat currency to crypto which would then be utilized for trading.
How Does The Exchange Work?
The crypto market is a digital one where transactions and operations can be carried out from anywhere in the world. In light of this, registering with a crypto trading platform is usually more strenuous and complicated than other registrations as several factors are often involved. As it is impossible to trade on the crypto market with an exchange, it is necessary to register properly to ensure a proper and effective market experience. For the ACE exchange, professionalism and high standards are a guiding principle and a mission statement and this is why there is an age restriction on the traders allowed to use the platform. Persons under the age of twenty are not eligible to conduct transactions on the exchange. This serves also as an assurance of credibility and integrity as the platform is designed to cater to responsible and willing crypto traders. The first step to trading on ACE is to own an account which would require the submission of your email address and the creation of a password. Once your email has been submitted, it’ll require verification that you are the true owner of the email address.
Upon successful email verification, you would then be required to fill in certain personal information that would give the platform more knowledge of the user. After which, the user would need to verify the account opened. For this platform, the verification processes, and documents required depends on the level of the account being opened. A level A account that would allow you freely receive, send, and trade digital tokens require the submission of your phone number, a government-issued identity card, a front and back picture of the ID, and a selfie picture with the ID. Once the submission process is complete, you would receive a phone call to confirm that you are the true owner of the documents uploaded. All the pictures should be original and should not be more than 10 MB in size.
While for the level B account which would enable you to convert fiat currency directly to cryptocurrency, the above documents would be required coupled with some additional ones. This account verification would require the submission of your bank code, bank branch, account number, secondary ID, and phone bill. Most often, this account is very beneficial to the people of Taiwan as it connects to their bank accounts and helps them trade their fiat currency for crypto. Upon submission, the application will undergo certain authentication processes which would usually take five to seven business days. All these verifications and authentication are being carried out to ensure that humans own accounts on the platforms and not robots. The processes are also necessary to reduce the rate of risk and exposure to scams and cyber hacks. Once your application is processed and accepted, you can then begin crypto transactions and trading.
ACE Trading, Withdrawal, and Deposit Fees
The fees charged on a platform go a long way in defending how many users such a platform would have and how much trading it encourages. This exchange is mostly used by crypto investors because of the low fees required for crypto transactions.
For buying and selling of crypto to take place, two parties are usually involved; the maker and the taker. The most platform often charges different fees for the two parties and these fees may sometimes be high. However, on this crypto trading platform, both parties are charged a fixed fee. For transactions involving fiat and cryptocurrency pairs, the fee attracted is 0.1% for both parties. In transactions involving innovation pairs, a fee of 0.2% is required to be paid by both maker and taker. These low fees encourage traders to carry out several transactions as they would not be charged high unlike most exchanges and this way a user-friendly and supportive trading environment is maintained.
Deposits by both bank transfer and credit card payment are free as the platform does not charge for them. However, your bank may require the payment of certain charges and this is in no way related to the crypto platform.
Crypto withdrawal fees however are charged based on the digital token being withdrawn. As the platform is concerned with professionalism, it is dedicated to providing low rates for withdrawals. For the withdrawal of Bitcoin, the fee attracted is about 0.0005 relatively low BTC. Other token withdrawals are also low and this encourages traders to withdraw at their convenience.
ACE Exchange Interface
This platform’s dedication to the success of its users in the crypto market is evident in its interface which is simple, easy to navigate, and user-friendly. For new uses, this platform would be a perfect place to begin a great journey into the crypto world as it gives you a very good understanding of the operations of the crypto market and cryptocurrency in general. Its trading view is also an elaborate one that provides current information and updates on the price performance of the various tokens available on the platform.
In addition to this, the exchange also has a mobile application for smartphones which is available for both Android and iPhone users. This feature is beneficial to crypto traders who enjoy mobile trading thus providing a convenient and warm user experience. The platform is available in Chinese and English language for foreign users.
ACE Exchange Security
The crypto market is currently one of the most volatile markets in the world and this is why crypto exchanges take extra measures in securing the digital assets in their possession. The ACE exchange is also not left out in this as the platform has ensured that all the funds of users are deposited in a trust account to prevent loss resulting from cyber thefts. In addition to this, the exchange employs the use of firewalls to prevent attacks from hackers snd ensure that their system is secured and impenetrable. It is also for the sake of security that the platform undergoes the KYC process to ascertain the authenticity of its users.
Customer Support
This is very crucial in crypto trading as several issues can occur in conducting transactions that would require the interference of the platform. Customer support on this platform is a major priority seeing that the firm is dedicated to providing reliable crypto services. There are certain means through which users can interact with the platform.
- · Help Center
It is found on the exchange’s website and it provides answers to the numerous questions raised and asked by users over time. This feature serves as a guide to traders, especially beginners in understanding the operations of the platform.
The crypto trading platform has a support email address to which complaints, suggestions, and inquiries about the platform can be forwarded. It is also advisable to direct complaints and issues related to your account to this platform’s email address for both speedy response and safety purposes.
- · Telegram
It is adopted by the company as a medium of providing useful information about the developments and recent happenings surrounding the exchange. This way, its users are kept up-to-date and abreast of major activities.
Even with the numerous exchanges present in the crypto market, crypto enthusiasts especially those in Taiwan and China have the opportunity of trading with a unique and beneficial exchange designed to meet their financial and monetary needs.
Tokenhell produces content exposure for over 5,000 crypto companies and you can be one of them too! Contact at info@tokenhell.com if you have any questions. Cryptocurrencies are highly volatile, conduct your own research before making any investment decisions. Some of the posts on this website are guest posts or paid posts that are not written by Tokenhell authors (namely Crypto Cable , Sponsored Articles and Press Release content) and the views expressed in these types of posts do not reflect the views of this website. Tokenhell is not responsible for the content, accuracy, quality, advertising, products or any other content or banners (ad space) posted on the site. Read full terms and conditions / disclaimer.
