Registering to exchange before you make sure the platform is legit and safest crypto exchange with the most coin would be risky. Any exchange no matter how popular it is or how big liquidity it has should be first checked in terms of security. Mt. Gox once was a popular exchange token lists that didn’t prevent its users from losing their money when they used the site’s services (users lost all their data and funds). So before you register, invest any money and read through user reports – which can usually be easily be found online – in order to figure out if these reviews are adequate or not-and then make your conclusion on whether this service will work for you or not! Apart from that, checking what security measures are applied by the platform to buy crypto currency safe guard your account information and funds is important as well as making sure that said platform provides all necessary precautions against hacking since there may only be 1 layer of protection built into most exchanges while other wallets do have 2-factor authentication features installed.

There are not many negative reviews about AscendEX (BitMax) that can be found online. With the huge user base and liquidity of this exchange, the amount of negativity is negligible. However, it’s up to you whether or not to take these complaints seriously enough to turn away from AscendEX (BitMax). On Reddit, for example, there is a post about how manipulation with native token release conditions was seen by OP as an opportunistic scammer move. But apart from this sad story, we cannot find any other reports accusing Ascension of being a scam platform – which in general makes it safe enough! Another reason why ascending should be trusted is that their core team members are publicly known on social media profiles so they do not have anything hidden or shady going on there. Still deciding if Ascension looks like a legit platform or just another shady exchange remains your responsibility.

Now that we’re better informed, let’s see how the money and information of AscendEX (BitMax) users are protected. First, it is important to activate 2-factor authentication which this exchange supports and even makes mandatory for all traders. You literally cannot start trading until your account is secured by 2fa. When you enable 2fa for your account, it becomes nearly inaccessible to those who don’t have access to your mobile device as a one-time password requested when entering an account or trying to withdraw funds can only be generated with the device in possession of the owner of said account. It’s good that AscendEX (BitMax) offers this feature!

In order to protect yourself from phishing scams, you can enable an anti-phishing code that will be attached to every message in the correspondence between you and the exchange. Messages without this code are not authentic, so if someone contacts you with a similar offer but their messages don’t have it – they’re probably scammers! If anything suspicious happens on your account, there’s always a freeze button on your settings page where it says “logins” above. You can see all IP addresses of logins near the Freeze button as well as other information about unauthorized activity. Unfortunately for us here at AscendEX (BitMax), we do not know much about how they secure their servers or anything else like that which is rather disappointing because our liquidity is big and criticism rarely arises when people talk about our platform – which indicates we’ve done enough to make sure customers’ funds are safe.

Output: It’s possible for any user who has registered their crypto wallet address with BitMax Exchange at some point in time before 1st September 2018 12:00 UTC+8 (GMT) date and then enabled security question/answer verification process by email notification received from Bit Max Exchange after registration was complete; to request withdrawal of his/her account balances.