Are there fixed fees, transaction fees, or other fees?
Is the website safe and your information secure? Have there been previous breaches in security?
How many coins are available to trade?
|Ease of Use?
How good is the overall experience? Is it easy to buy/sell tokens, view funds, and see market movements?
ACX has done a decent job with the security of its exchange. It does offer 2-factor authentication, which has become one of the safest ways to interact with excanges these days to keep your accounts secure. But ACX does state that it keeps the storage of funds online, which for many may be a huge draw back due to the propensity of getting hacked.
Unlike most crypto-exchanges, ACX does not charge any trading fees which is awesome! ACX charges a 1% withdrawal fee for fiat currency to a bank account. This, coupled with the zero trading commissions, makes ACX quite attractive.
ACX gets a low rating here due to the small amount of cryptocurrencies that are currently offered on their platform. The coins that you can currently access include: BTC, BCH, ETH, HSR, FUEL, UBTC, EET.
EASE OF USE
The ACX platform gives off a feel that it is for brand new investors. It does not offer all the bells and whistles that most other crypto-exchanges offer. It offers candlestick price charts, order book and the option to place and cancel already opened orders. While this is great for user experience, it may be a draw back for more experienced crypto-investors.
All in all, ACX has started off with a lead in Australia. Compared to the other Australian crypto-exchanges, ACX is by far the leader when it comes to daily trading volumes, which is a really positive sign. ACX is also becoming super competitive due to the fact that they charge 0% on coin-to-coin trading which is monumental. Some of the draw backs include the lack of cryptocurrencies that you have access to, and the fact that they only let you withdraw into an Australian bank account.