My beginner experience with Aax Exchange

By KMatt_8 | kmatt_8 | 8 Oct 2021


Hi everyone, I'm Matt and I've been in the cryptocurrency market for about a year (yes, I'm a beginner).
Today I would like to talk to you about my experience with the Aax exchange and in particular about its 60% apy savings offer. Using Brave browsers, this advertisement appeared really, really many times. So many times that it prompted me to inquire and sign up.
Let's start by saying that 60% of apy is only achieved by blocking a maximum of $ 100 in usdt, usdc, btc or eth for 7 days. You understand well that the gain is negligible and it is very few dollars. After 7 days you are free to withdraw or stake by taking advantage of the other offers:

USDT/BTC/ETH APY: 20%
Lock-up period: 7 days
MAX: 1,000 USD

USDT/BTC/ETH APY: 16%
Lock-up period: 14 days

MAX: 5,000 USD.

The APY is very interesting and captivating, but the profits are very limited because the short time of lockup.
Very last thing, remember that closing the account on Aax takes 5/6 years (this is their reason: Under AML or Terrorist financing laws cost most countries we have to retain records of users onboarded with us for a period of 5 to 6 years), during this time your account remains frozen.

My final decision is... I won't use Aax anymore and come back to my beloved crypto.com (my referral https://crypto.com/app/bmn3ncf9ud)

Thanx everyone for reading, see you next time




NEXO


https://nexo.io/ref/j6atsfddtw?src=web-link

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kmatt_8
kmatt_8

Hello everyone, I'm Matt and I've been in the cryptocurrency market for about a year (yes, I'm a beginner)

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