AscendEX Referral Code 2026: 25% Off Trading Fees

-25% feesVerified offer

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AscendEX BitMax

-25% fees
Promo code

UBQXX0ASL

Valid on AscendEX BitMax • Use at checkout

Get it on AscendEX BitMax

About this offer

  • 25% off trading fees for one year through our referral link
  • Sign-up bonus of up to several thousand satoshis when you open your account
  • Crypto exchange founded in 2018 in Singapore, 9M+ users worldwide
  • 700+ cryptocurrencies: spot, futures, staking and copy trading
  • Referrers earn 25% to 40% commission on the fees generated by their referrals

Use code UBQXX0ASL at checkout on AscendEX BitMax to get -25% fees. This offer is verified and regularly updated.

How to activate the AscendEX referral code and cut your fees by 25%

AscendEX (formerly BitMax) runs a referral programme that cuts your trading fees by 25% for one year. The offer is activated through our link or an invite code entered at sign-up.

Click "Get the deal", create your account with your email and a password, then enter the invite code in the dedicated field. The discount is applied automatically to every trade for 12 months.

On top of the fee discount, you can receive a sign-up bonus in satoshis (BTC) or reward points, depending on the campaigns running on the platform.

Opening your AscendEX account in minutes

Signing up on AscendEX takes under 3 minutes on the website or mobile app. You enter your email, create a password and confirm with a verification code.

To trade, you must complete identity verification (KYC) by providing a photo ID and a selfie. As with every regulated exchange such as Coinbase or Bitpanda, this usually takes 24 to 48 hours.

Once verified, you can deposit crypto from an external wallet or buy directly by card. Standard spot fees are 0.1% — reduced to 0.075% with the referral.

AscendEX referral programme: rewards for both sides

The AscendEX referral programme rewards both parties:

BeneficiaryBenefitDuration
Referral-25% on trading fees1 year
Referrer25% to 40% commission on the referral's feesFor life
Sign-up bonusUp to 11,000 satoshisOne-off
Invite codeEntered at sign-up

The referrer commission depends on your own trading volume: 25% as a base, up to 40% for the most active traders. It is one of the most generous programmes among crypto exchanges, on par with Binance or Bybit.

The AscendEX offer at a glance

Here is the essential of the AscendEX offer:

SummaryDetail
Referral discount-25% trading fees (1 year)
Referrer commission25% to 40% for life
Sign-up bonusUp to 11,000 satoshis
Standard spot fee0.1% (0.075% with referral)
Coins available700+
Users9 million+
Founded2018, Singapore

The conditions and detailed fees are explained in the sections below.

When and how is the fee discount applied?

The 25% discount applies automatically to every trade as soon as your account is created with the invite code. There is nothing to activate manually.

  • In spot: fees drop from 0.1% to 0.075% per trade (maker and taker).
  • In futures: the discount applies proportionally to leveraged trading fees.
  • Duration: the discount is valid for 12 months from your sign-up date. After that, fees return to the standard rate.

The satoshi bonus is credited directly to your account after KYC verification and a first deposit. The exact amount depends on the promotions running at the time.

Promo code, invite code or referral: what is the difference?

These three terms mean the same thing on AscendEX. The "promo code", the "invite code" and the "referral link" all activate the same 25% fee discount.

The code is an alphanumeric ID (such as VMQ86PZ3 or BCRYPTOS) entered when you create your account. If you use our referral link, the code is pre-filled automatically.

Unlike exchanges offering "airdrops" or "mystery boxes" whose value is often symbolic, the 25% AscendEX fee discount has a concrete impact on your trading costs — especially if you are an active trader.

What you can do on AscendEX

AscendEX is a full-featured crypto exchange offering:

  • Spot trading: buy and sell over 700 cryptocurrencies with USDT, BTC and ETH pairs.
  • Futures: leveraged trading (USDT-margined and coin-margined) on the major coins.
  • Staking: stake your crypto to earn passive yield.
  • Copy trading: automatically replicate the strategies of experienced traders.
  • Trading bots: automate your strategies (grid trading, DCA).

If you are new to crypto and want a simpler interface, Coinbase or Bitpanda are more accessible. AscendEX is aimed at traders who want a wide choice of coins and competitive fees.

Comparison: AscendEX vs other crypto exchanges

AscendEX positions itself as a mid-sized exchange against the market giants:

ExchangeSpot feeCoinsReferral discount
AscendEX0.1% (0.075% with code)700+-25% fees (1 year)
Binance0.1%400+-10% to -20% fees
Bitpanda1.49%400+Variable bonus
Kraken0.16-0.26%200+Variable bonus
Bybit0.1%600+Bonus up to $30,000

AscendEX's edge: a catalogue of 700+ coins among the widest on the market, competitive fees and a generous referral programme. The downside: lower brand recognition than Binance or Coinbase.

AscendEX in brief: the exchange that bets on variety

Founded in 2018 in Singapore as BitMax, the exchange was rebranded AscendEX in 2021. The platform claims more than 9 million users worldwide and average daily volume above $1 billion.

AscendEX made its name with a particularly broad catalogue of coins (700+), including many DeFi tokens and emerging projects that mainstream exchanges have yet to list.

A point of caution: in November 2021, AscendEX suffered a $77 million hack on its hot wallets. Users were fully reimbursed, but the incident is a reminder never to leave large amounts on an exchange — move your crypto to a cold wallet such as Tangem for significant holdings.

Terms of use and geographic restrictions

A few things to check before signing up:

  • AscendEX is not available in the United States. Most other regions can register and trade normally.
  • Identity verification (KYC) is mandatory to trade and withdraw. It requires a valid ID and a selfie.
  • The invite code must be entered at sign-up — it cannot be added afterwards.
  • The 25% fee discount expires after 12 months. Beyond that, fees return to the standard rate.
  • AscendEX is not registered with local regulators in many EU countries. Reporting your crypto capital gains for tax remains your responsibility.

For a locally regulated alternative, Coinhouse or Bitstack are options.

AscendEX's journey: from BitMax to a global exchange

Launched in 2018 as BitMax by a former Wall Street trader, the exchange was rebranded AscendEX in March 2021 to mark its global ambitions. The rebrand came with expansion into futures, staking and copy trading.

Despite the 2021 hack, AscendEX kept its users' trust thanks to the full reimbursement of the stolen funds. Trading volume stayed stable around $1 billion daily.

In 2026, AscendEX stands out for its 25-40% commission referral programme and its 700+ coin catalogue, which make it a credible alternative to giants like Binance and Bybit for traders who want variety.

We regularly verify the promotional offers so this page reflects the current conditions.

Frequently asked questions

Does the AscendEX referral code really cut fees by 25%?

Yes, the 25% discount applies automatically to every spot and futures trade for 12 months. Spot fees drop from 0.1% to 0.075% per trade.

Is AscendEX available internationally?

Yes, most regions can register and trade on AscendEX, with the notable exception of the United States. Note that the platform is not registered with local financial regulators in many countries, so reporting your crypto capital gains for tax remains your responsibility.

Is identity verification (KYC) required?

Yes, KYC is mandatory to trade and withdraw funds. It requires a valid ID and a selfie. The process usually takes 24 to 48 hours.

Has AscendEX ever been hacked?

Yes, in November 2021, $77 million was stolen from its hot wallets. Users were fully reimbursed. It is recommended to move your crypto to a cold wallet for significant amounts.

How many cryptocurrencies can I trade on AscendEX?

More than 700 cryptocurrencies are available for spot trading, including many DeFi tokens and emerging projects. It is one of the widest catalogues on the market.

Can I add the invite code after signing up?

No, the invite code must be entered when you create your account. It cannot be added retroactively. Use our referral link to have it filled in automatically.

How much does the AscendEX referrer earn?

The referrer earns 25% to 40% commission on the trading fees generated by their referrals, for life. The percentage rises with the referrer's own trading volume.

What happens after the 12 months of discount?

After 12 months, your fees return to the standard 0.1% spot rate. You can lower fees by increasing your trading volume or by holding AscendEX's ASD token.