AEX vs Binance | Why Binance Exchange Is Much Better

aex vs binance image
Jack Moreau
Apr 2024
8 min read
Fact checked

AEX vs Binance: We have conducted an in-depth comparison of both exchanges to help you make the best decision. Our comprehensive review covers key factors such as user KYC procedures, supported cryptocurrencies, product features, transaction fees and much more! Keep reading and determine which exchange aligns better with your trading need!

Bybit

+450 Cryptocurrencies

Spot, Perps, Margin, Bots

0.1% Spot Fees & 100X Leverage

Great Design & UX

Visit Bybit
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
Binance

+350 cryptocurrencies

0.1.% Spot Fees & 125X Leverage

Spot, Futures, Perps, Margin

Cheap Deposits/Withdrawals

Visit Binance
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

AEX vs Binance Comparison

AEX
Binance
Bybit
Founded
2013
2017
2018
Registered
London
Cayman Islands
Singapore
Countries N/A
US, CA, UK, CN, ML, JP
US, CA, UK, CH, SG
Users
1M
150M
20M
Cryptos
+100
+350
+450
Spot Fees
0.06%-0.16%
0.1%
0.1%
KYC Required
No
Yes
Yes
Best for
Basic Spot Trading
Great All Around
Best For Traders
Rating
Signup
AEX
Your Capital is at risk.
Binance
Your Capital is at risk.
Bybit
Your Capital is at risk

AEX and Binance are both cryptocurrency exchanges that offer a range of services to users around the world.

AEX which was founded in 2013 is run and operated by Bit World Investments Limited and has over 200 employees mainly based in Hong Kong and Singapore.

AEX Exchange
AEX Exchange

It is available in over 100 countries and has headquarters in the US, Japan, Hong Kong, and the UK.

AEX has been in operation for over 9 years but has not managed to gain a large audience with it's limited range of cryptocurrencies and low trading volume.

Despite being globally accessible without KYC requirements, it has reached a user base of over 1 million and it's services are also available on Android and IOS.

AEX App
AEX App

On the other hand, Binance was founded later in 2017 by Changpeng Zhao and registered in the Cayman Islands as Binance Holdings Ltd.

Binance exchange
Binance exchange

It is one of the largest and most popular trading platforms in the world with over 6,400 employees and availability across more than 180 countries.

At the time of writing, Binance is however not available in countries like the United States, Canada, the UK and OFAC countries.

Binance offers a comprehensive suite of trading products including spot trading, perps & futures trading, earning & staking opportunities and more.

It supports over 350 cryptocurrencies and numerous trading pairs making it the most liquid exchange in the world.

Binance has over 120 million users worldwide and its Android app has been downloaded over 50 million times with a rating of 4.4 based on over 1 million reviews.

Binance app
Binance app

AEX vs Binance KYC Requirements

When it comes to signing up for an account on cryptocurrency exchanges like AEX and Binance, the process may vary in terms of time and KYC requirements.

Signing up for AEX is simple and user-friendly. You have the option to choose between phone or email signup, enter your nationality, and select a password.

One great thing about AEX is that KYC is not obligatory, meaning you can start trading spot and depositing cryptocurrencies right away without being KYC verified.

However, for users who want to increase their withdrawal limits or access additional features, completing KYC is necessary.

On the other hand, signing up for Binance is also easy peasy. Creating a Binance account takes less than a minute, but in order to unlock full account privileges, users must KYC verify their account.

Binance KYC Requirements
Binance KYC Requirements

Binance requires users to verify their identity through a Know Your Customer (KYC) process and users can't trade before completing it.

The verification process on Binance can be as short as 15 minutes but can take up to 2-3 business days in some cases to complete.

AEX vs Binance Crypto Products

AEX Exchange is a cryptocurrency exchange that offers basic spot trading for 100 well-known cryptocurrencies. The user experience on AEX is not great, as there are frequently server issues and certain parts of the website don't work properly.

AEX cryptocurrencies
AEX cryptocurrencies

The exchange has a small range of products and services and suffers from low liquidity, with daily spot volumes ranging between $1 to $10 million.

On the other hand, Binance is a leading cryptocurrency exchange that offers a wide range of trading services. These include spot trading, futures trading, margin trading, perpetual swaps, and options trading.

Binance spot trading
Binance spot trading

Binance also offers trading bots and copy trading, allowing users to follow and copy the trades of successful traders automatically.

Additionally, Binance provides leveraged tokens, staking, lending, and different types of vaults for users who want to earn on their assets.

Binance leveraged tokens
Binance leveraged tokens

In terms of user experience, AEX falls short with frequent server issues and bugs on the website. On the other hand, Binance offers a good user experience considering the wide range of products on offer.

The platform is designed to not overwhelm users while providing access to various trading services.

Binance interface
Binance interface

Liquidity is also a crucial factor in exchanges and here Binance outperforms AEX. Binance boasts one of the best liquidity levels in the world with daily spot trading volumes frequently exceeding $10 billion. AEX, on the other hand, suffers from low liquidity, with spot volumes ranging between $1 to $10 million.

When it comes to leverage, AEX offers a max leverage of up to 5X, while Binance offers a max leverage of up to 125X on futures trading. Binance also offers margin trading with up to 5X leverage using various cryptocurrencies as underlying collateral.

Binance futures trading
Binance futures trading

Overall, Binance offers a much wider range of products and services compared to AEX. Binance's user experience is commendable, and its liquidity and leverage options are far superior.

AEX
Binance
Bybit
Spot Trading
Yes
Yes
Yes
Futures
-
Yes
Yes
Perps
-
Yes
Yes
Margin
-
Yes
Yes
Options
-
Yes
Yes
OTC Desk
-
Yes
Yes
Copy Trading
-
Yes
Yes
Trading Bots
-
Yes
Yes
Staking
-
Yes
Yes
Lend & Borrow
Yes
Yes
Yes
NFTs
-
Yes
Yes
Web 3 Wallet
-
Yes
Yes
Debit Card
-
Yes
Yes
Signup
AEX
Your Capital is at risk.
Binance
Your Capital is at risk.
Bybit
Your Capital is at risk

AEX vs Binance Fees

Let's dive into the world of cryptocurrency trading fees and and begin with Binance.

Binance charges a low spot maker fee of 0.1% and a spot taker fee of 0.10%. And for those that wish to trade futures, then trading fees are 0.02% for makers and 0.04% for takers. These fees are relatively competitive in the market.

Binance spot fees
Binance spot fees

However, that's not all! Binance offers additional discounts on trading fees if your monthly trade volumes exceed $1 million or if you hold at least 25 BNB tokens.

So, if you're a high-volume trader or a loyal BNB token holder, you can enjoy even lower trading fees.

Now, let's shift our focus to AEX. This exchange charges a spot maker fee of 0.06% and a spot taker fee of 0.16%. These fees are somewhere between what Binance offers making AEX an attractive option for traders looking to save on transaction costs.

AEX trading fees
AEX trading fees

Similar to Binance, AEX also provides fee discounts based on trading volumes and the number of GAT tokens held. If you either have a minimum of 5,000 GAT tokens or trade over 100 BTC in volume during a 30-day period, you become eligible for fee reductions.

Overall, while both AEX and Binance have competitive trading fee structures, Binance has the edge as they have much better liquidity than AEX which leads to better pricing.

AEX
Binance
Bybit
Spot (mkr)
0.06%
0.1%
0.10%
Spot (tkr)
0.16%
0.1%
0.10%
Futures (mkr)
-
0.02%
0.01%
Futures (tkr)
-
0.04%
0.06%
Signup
AEX
Your Capital is at risk.
Binance
Your Capital is at risk.
Bybit
Your Capital is at risk

AEX vs Binance Deposit Methods

AEX and Binance have some differences when it comes to deposit methods.

Binance is a global exchange that supports 26 fiat currencies and offers a wide range of deposit options. For fiat deposits, users can choose to transfer funds through bank transfers via Swift, Signet, SEPA, and Faster Payments (FSP).

Binance also accepts deposits through Visa, Mastercard, PayID, and Advacash. However, it's important to note that there are fees associated with these deposit methods. Deposits made with Visa and Mastercard incur a 1.8% fee while bank transfers via SEPA come with a 1 EUR fee. Those with an Advcash account can deposit funds with a 1.5% fee.

On the other hand, AEX does not support fiat deposits. Users can only deposit cryptocurrencies or use third-party providers to buy crypto with a card.

We do not recommend buying crypto through third-party providers as it comes with higher fees.

In terms of deposit options, Binance offers a more extensive list compared to AEX with more fiat currency variety and multiple deposit options.

AEX
Binance
Bybit
USD
-
Bank Transfer, SWIFT
Bank transfer, Visa/MC
EUR
-
VISA, MC, SEPA
Bank transfer, SEPA
GBP
-
VISA, MC
Faster Payments, VIsa/MC
Signup
AEX
Your Capital is at risk.
Binance
Your Capital is at risk.
Bybit
Your Capital is at risk

AEX vs Binance Withdrawal Fees

When it comes to withdrawing funds, Binance provides multiple withdrawal methods for users to withdraw their fiat currencies.

If you want to withdraw USD, you can do so through SWIFT while EUR can be withdrawn via SEPA and GBP can be withdrawn via Faster Payments (FSP).

It's worth noting that Binance charges a 1.8% withdrawal fee for fiat withdrawals made with Visa and MasterCard. For EUR withdrawals using SEPA, there is a fixed fee of 1 EUR. However, if you choose to withdraw funds through a bank, you can do so for free using many other fiat currencies.

Moving on to cryptocurrency withdrawals on Binance, the fees vary depending on the digital asset. For Bitcoin, the withdrawal fee is 0.0002 BTC, while for Ethereum it is 0.000768 ETH. If you're withdrawing Solana, there is a fee of 0.008 SOL, and for USDT (ERC-20), the withdrawal fee is 4 USDT.

AEX does not support fiat currency withdrawals and users can thus only withdraw cryptocurrencies such as BTC, ETH, USDC, and USDT.

The withdrawal fees for these cryptocurrencies are as follows: 0.001 BTC for Bitcoin, 0.01 ETH for Ethereum, 0.01 SOL for Solana and 5 USDT for Tether withdrawals.

AEX
Binance
Bybit
USD
-
Bank Transfer, SWIFT
Bank transfer, Visa/MC
EUR
-
Sepa, Bank Card
Bank transfer, SEPA
GBP
-
Bank Card
Faster Payments, VIsa/MC
Signup
AEX
Your Capital is at risk.
Binance
Your Capital is at risk.
Bybit
Your Capital is at risk
AEX
Binance
Bybit
Bitcoin
0.0002 BTC
0.0002 BTC
Ethereum
0.0008 ETH
0.0006 ETH
Solana
0.008 SOL
0.01 SOL
USDT (ERC-20)
3.2 USDT
3.7 USDT
Signup
AEX
Your Capital is at risk.
Binance
Your Capital is at risk.
Bybit
Your Capital is at risk

Is AEX better than Binance?

In conclusion, when comparing AEX and Binance, it is clear that Binance has the advantage in terms of its size, range of services, and user base.

AEX, being a smaller exchange has limited offerings and suffers from low liquidity. Binance, on the other hand, offers a comprehensive suite of trading and financial services, supports over 350 cryptocurrencies, and has one of the highest liquidity levels in the world.

In terms of the signup process, both exchanges have user-friendly interfaces that allow for quick and hassle-free account creation. However, AEX does not require KYC verification for basic account usage, while Binance requires users to complete the KYC process before trading.

When it comes to trading fees, Binance and AEX have their own fee structures and incentives. Binance offers low 0.1% spot fees for makers and takers while AEX offers lower fees for makers 0.06%, and higher fees for takers 0.16%.

In terms of deposit methods, Binance offers a wide range of deposit options for fiat and cryptocurrencies including bank transfers, credit/debit cards, and digital payment platforms. AEX does not support fiat deposits and focuses on cryptocurrency deposits or buying crypto through third-party providers.

Unfortunately for AEX, it falls short in almost every category compared to Binance which is the overall superior exchange!

Bybit

+450 Cryptocurrencies

Spot, Perps, Margin, Bots

0.1% Spot Fees & 100X Leverage

Great Design & UX

Visit Bybit
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
Binance

+350 cryptocurrencies

0.1.% Spot Fees & 125X Leverage

Spot, Futures, Perps, Margin

Cheap Deposits/Withdrawals

Visit Binance
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
Author
Jack Moreau
Jack is a crypto writer and reviewer who has been active in the space since he caught the crypto bug in 2017. With a passion for trying out new shiny things, Jack is always eager to try the latest cryptocurrency exchanges, wallets or DeFi applications.

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