When you hear the name AUX Exchange is a decentralized cryptocurrency exchange that runs on smart contracts without a central authority, you probably wonder if it can hold its own against the big players. The short answer? It’s a niche platform with just three tokens and three trading pairs, so its usefulness is limited. This AUX Exchange review walks you through everything you need to know before you decide whether to give it a try.

What is AUX Exchange?

AUX Exchange is listed on Coingecko as a decentralized exchange (DEX) but provides almost no public documentation about its launch date, team, or technology stack. Unlike centralized brokers that hold your funds, a DEX lets you trade directly from your wallet, meaning you keep control of private keys. However, the lack of official info makes it hard to verify its legitimacy.

Asset Coverage and Trading Pairs

The platform currently supports only three cryptocurrencies and pairs them in three possible ways. In DEX terms, a trading pair is the combination of two assets you can swap on the exchange. With such a tiny selection, you’re effectively limited to a narrow niche of assets, which dramatically reduces liquidity and the chance of finding good price fills.

Security and Compliance

Security is a top concern for any trader. Because AUX Exchange operates as a DEX, it doesn’t hold user funds in a custodial vault, which eliminates some traditional hacking risks. But that also means there’s no security certifications such as ISO27001, proof‑of‑reserves, or multi‑factor authentication that many reputable exchanges publish. The platform also shows no evidence of regulatory compliance such as AUSTRAC registration in Australia, ASIC licensing, or participation in tax‑reporting programs like the ATO data‑sharing initiative. For users in regulated markets, that gap is a red flag.

Fees and Costs

Unfortunately, there’s no publicly available fee schedule for AUX Exchange. Major exchanges are transparent about maker/taker rates, withdrawal fees, and any hidden costs. The absence of clear fee information makes it difficult to calculate the total cost of a trade, especially when the platform could charge higher gas fees on the underlying blockchain.

User Experience and Support

Beyond the bare‑bones trading interface, there’s virtually no information about onboarding steps, KYC requirements, or customer support channels. The platform lacks a visible help centre, live chat, or phone line. It also doesn’t appear on user‑review sites like Trustpilot, Reddit, or dedicated crypto forums, suggesting a minimal or inactive user base.

How AUX Stacks Up Against Major Exchanges

Even at a glance, AUX Exchange falls short on every metric that matters to most traders: variety, fiat on‑ramps, security transparency, and community feedback.

Who Might Still Use AUX Exchange?

If you’re a developer looking for a bare‑bones DEX to experiment with smart‑contract integration, the minimal token list could actually be an advantage-fewer variables, easier testing. Similarly, users who only need to swap the three supported assets and prefer a non‑custodial setup might find it acceptable, provided they understand the lack of support and regulatory oversight.

For the average retail investor, however, the platform’s scarcity of assets, unclear fees, and missing compliance make it a risky choice.

Alternative Exchanges to Consider

• Binance - Offers thousands of assets, low fees, and a robust security record.
• Coinbase - Great for beginners, supports AUD deposits, and provides clear regulatory standing.
• Kraken - Known for deep liquidity, advanced order types, and strong security practices.
• Swyftx (Australia) - Tailored for Australian users, integrates tax reporting, and holds ISO27001 certification.
• MEXC - Large asset list, zero‑fee spot trading, and leverages for more aggressive traders.

All of these platforms publish fee schedules, have active support channels, and are listed on reputable data aggregators like Coingecko and CoinMarketCap.