ANXPRO is a digital asset trading platform made by Hong Kong-based ANX International. Read our ANXPRO review today to find out everything you need to know.
What Is ANXPRO?
ANXPRO is a cryptocurrency and digital asset exchange platform. In addition to offering conventional exchange services, ANXPRO offers a popular ANX Bitcoin Debit Card, which lets you spend bitcoins at conventional retailers worldwide.
The exchange was created by Hong Kong-based ANX International, previously known as Asia Nexgen. They’re a financial technology company specializing in providing solutions through the blockchain.
In 2016, ANX launched ANX Blockchain Services (ABS), a cloud platform that lets customers create digital assets and digital wallets. The ANXPRO exchange was part of the ABS launch. The platform initially began as ANXBTC.
Today, the company serves over 3 million users in 50 countries and has processed over 100 million transactions since being founded.
How Does ANXPRO Work?
ANXPRO provides similar services to other exchanges available today. They let customers create a mobile/digital wallet, for example. Customers can also buy and sell digital assets, access a real-world debit card, or perform OTC trading. Here’s a brief overview of how ANXPRO’s services work:
Buy & Sell Digital Assets
Like all exchanges, ANXPRO’s primary goal is to allow customers to buy and sell digital assets. Those assets include bitcoins and other altcoins. The platform, like most other trading platforms, is designed to be simple to use – whether you’re a beginner or experienced trader.
Bitcoin, Litecoin, Dogecoin, Stellar, and Ripple are some of the most popular cryptocurrencies currently being traded through ANXPRO.
The ANX Vault Mobile Wallet
ANXPRO calls its mobile/digital wallet “ANX Vault”. ANX Vault works in a similar way to most other wallets. You can view the fiat currencies you currently hold and check all your holdings from one screen.
Scrolling through the main page of the ANX Vault wallet, for example, you can see your total balance and your distribution between assets. You can also tap buttons like “cash out”, “trade”, “deposit’, and “withdraw”.
The wallet is available for iOS and Android. You can make full trades within the wallet. Making a trade is as easy as choosing your desired pair, and then tapping whether you want to buy or sell. At the bottom of the trading screen, you can see the latest bids.
The wallet also lets you send bitcoins. Sending bitcoins is as easy as entering the amount of bitcoin along with the recipient’s bitcoin wallet address or QR code. You can even send bitcoin to someone without a bitcoin wallet – just enter his or her email address.
If you plan on frequently sending bitcoins between addresses, then you can save the addresses of friends, family, and businesses in your wallet.
If you want to take your ANX Vault funds into the “real world’, then you can order debit cards through the app. Once your card is depleted, you can recharge it with funds through the app.
ANX Bitcoin Debit Card
The ANX Bitcoin Debit Card is one of a handful of debit cards available across the bitcoin community today. The debit card automatically links to your ANX account for convenient spending. You can spend it anywhere in the world – just like an ordinary debit card – or withdraw cash from ATMs.
One of the big advantages of an ANX Bitcoin Debit Card is that it’s easy to get with no paperwork or application required. You don’t even need a credit check.
There are two core debit card offers available through ANXPRO today:
- Based in USD
- No maximum card balance
- No limit on POS and online transactions
- Embossed with cardholder name
- Based in USD
- POS and online purchases
- Speed loading
- No monthly fees
On the ANX Elite card, you’ll pay a $3.50 flat rate for ATM withdrawals. On the ANX Premium card, you’ll pay a 1.5% fee with a minimum of $7 per withdrawal.
Using your ANX Bitcoin Debit Card is as easy as registering an account on ANXPRO, ordering a card through the website or app, transferring bitcoins to your wallet, and then using and reloading it as you go on. The card works in USD: so after you transfer bitcoins to the card, those bitcoins are immediately transferred to USD based on today’s rate.
Should You Use ANXPRO?
ANXPRO is a popular and well-reviewed exchange launched back in 2013 under the name Asia Nexgen. The exchange offers a mobile wallet, debit cards, and OTC trading, among other traditional exchange features.
ANXPRO is popular for its ability to support all major global currencies. It also features a good, easy-to-use UI. However, ANXPRO is held back slightly by its relatively high trading fees and its lack of margin trading and short-selling.
Whether you need an ANXPRO debit card or you’re looking to trade digital assets, ANXPRO is one of several options available today. You enjoy the reputation of a major Hong Kong-based financial technology company, but you’ll spend slightly more than you would on other exchanges.