In 2022, Russian users of digital trading platforms faced restrictions due to sanctions. Some exchanges closed access to a number of functions, while others began blocking the accounts of Russian citizens. But the management of some platforms saw the current situation as an opportunity for expansion. For example, the AWX.pro exchange offers clients from different countries, including Russia, to trade coins with the help of a built-in service, buy and sell cryptocurrencies for fiat from cards and cash. The company has offices in Moscow and many regions of Russia, as well as in Armenia, Turkey, UAE, and Cyprus. Constant work is being done to expand the geography of the service’s presence.
History of creation
AWX exchange was founded in 2018. The platform developed client service, scaled up. In 2022, the developers registered the company Crypto Explorer DMCC, and also received a UAE license to conduct transactions with digital coins. The regulator’s approval helped fulfill the company’s main goal of offering users a large set of tools and securing transactions.
AWX.pro customers can exchange cryptocurrency on the website and in physical offices. By 2024, the company has acquired a wide network of partners around the world. In the fall of 2023, new divisions were opened in Krasnodar, Ufa, Yekaterinburg, Armenia and Cyprus. Thanks to registration in a neutral jurisdiction and loyal attitude to Russia, AWX.pro continues to serve Russian citizens without restrictions.
Features of the exchange
Initially, the team of the service sought to provide entrepreneurs and investors with the opportunity to quickly exchange and withdraw cryptocurrencies into fiat. Customers can use bank cards for settlements and conduct transactions offline for cash.
The website interface is translated into Russian, English, Chinese and Vietnamese.
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You can choose a light or dark theme, as well as the fiat currency to display your balance (RUB, USD, AED). Here are the main features of AWX exchange:
- Coins are exchanged using an internal service. More than 300 cryptoassets and 25 fiat currencies are supported.
- Transactions in the spot terminal are fast and with minimal commission (0.03%) due to high liquidity. The average execution time of an exchange order is 5-15 minutes.
- It is not necessary to verify the account, but KYC allows you to replenish the balance from a card and withdraw any amount.
- Russians can receive cash in CIS countries, UAE and Cyprus.
- Payment for purchases in foreign services is available.
- You can use the website and mobile program. Links to the App Store and Google Play app stores are on the home page.
- To enhance security, users can set up two-factor authentication, control current sessions and activate IP whitelisting.
- The support service is available 24 hours a day, seven days a week. Operators provide advice in Russian and English.
- You can set up notifications of new events to e-mail and Telegram.
Registration
To work on the platform, you need to create a personal account. You can authorize using social networks and various services (VKontakte, Telegram, Google, Apple) or register a new profile. Instructions:
- On the main page of the site, click on the “Sign in” button.
- Select the item “Register via e-mail”.
- Enter your e-mail address.
- Make up a password and specify it twice.
- Check the box about agreeing to the rules of the exchange and privacy policy.
- Click on the “Create a profile” button.
- Enter the numbers from the e-mail and click on the “Verify code” button.
After the program will automatically redirect the client to the account. If this does not happen, you can log in by e-mail and password.
Anonymous clients can deposit funds in cryptocurrency, trade on the site and withdraw fiat in cash. To access other functions, you need to pass KYC.
For increased security, you need to set up two-factor authentication in your profile. After activating the option to enter the personal account you will have to enter not only a password, but also a six-digit code from Google Authenticator. By default, the combination of symbols changes every 30 seconds, so it can not be hacked by a picking method.
Verification
The exchange uses the SumSub verification service, which is now a leader in this area. KYC helps to simplify access recovery in case of password loss and reduce the risk of fraud. Verification is not mandatory, but it provides advantages – transactions are faster, you can withdraw money to bank cards without restrictions. The order of identity verification on the AWX exchange:
- Log in to your account.
- Select the “Verification” section.
- Click on the “Start” button.
- Select the residency, click on the “Agree and continue” button.
- Fill in the questionnaire. You need to provide your full name, date of birth, phone number and e-mail address.
- Click on the “Next Step” button.
- Specify the country of citizenship and type of document. Photos of passport, driver’s license, residence permit or ID-card are accepted.
- The next step is to upload the photo taken with the gadget. If the PC is not equipped with a camera, you should select “Continue on your phone”.
- The page will display a link in text form and a QR code. The latter can be scanned with the smartphone camera.
- Take a clear photo of the passport (ID-card, driver’s license) and selfies with the document in your hands against a neutral background. The photo should show your face.
- Send the files to the support service.
Data verification takes from 15 minutes to a day. The user will receive notification of the results by e-mail. In the personal cabinet in the “Verification” section, the status will change. In case of failure, you can correct the error (it will be noted in the e-mail message) and apply again.
Methods of deposit and withdrawal
Users can make deposits with cryptocurrency, cash and bank cards. To work with “plastic” will require identity verification. Other methods are available to anonymous customers. Withdraw cryptocurrency can be withdrawn only in fiat – to a card or receive cash. Instructions for replenishing the balance:
- Authorize on the platform.
- The main page displays tickers of the most popular coins – USDT, BTC, ETH, TON.
- You can choose one of them or click on the “Add Asset” button.
- Specify a ticker or find a coin in the table.
- Press the “Enter” button.
- Specify the network.
- Scan the QR code with the smartphone camera or copy the wallet address in text form.
- Go to the platform of sending coins and form a transaction. You will need to specify the amount of cryptocurrency, insert the account number and verify the network.
- Sign the transaction.
Coins will appear on the internal balance after the required number of network verifications. The crediting period depends on the blockchain. You can check the status of the transaction in the blockchain browser.
Cryptocurrency trading on the AWX exchange
The main activity of the company is the exchange of fiat to digital coins and back. In 2024, users can convert cryptoassets using an internal service with low slippage. It will also get to trade on the spot.
Transactions using the converter are performed without commissions.
In the spot terminal, coins are traded in pairs with USDT, BTC, USDD, ETH, USDC, RUB. Users pay a small commission in the received cryptocurrency for the transaction – 0.03%.
Spot trading
Access to the terminal is open to all clients. Verification is not required. On the spot you can trade more than 300 coins without leverage. To go to the terminal, you need to select the “Exchange” tab on the main screen and click on the “Spot Trading” button. On the page for trading, the following tools are available:
- Exchange stack. You can view trades in real time. The available depth is 10 positions.
- Coin chart. There is a history of quotes in the internal interface. Traders can choose the mode of data display (candles or areas), change the timeframe (from 5 minutes to 1 day).
At the bottom of the page there is a window for creating an order and the history of trades. Instructions for opening an order:
- Select a coin in the right column. You can find the asset in the list or by using the search. Often used cryptocurrencies are added to the “Favorites” tab, for this you need to click on the key with an asterisk.
- Fill out the request to open an order – specify the volume, type (market or pending) and direction.
- Confirm the operation.
SWAP
This option allows you to convert any supported assets in one click. The operation is maximally simplified, KYC is not required. For the exchange you need to:
- Authorize in the system.
- Refill the balance in a convenient way.
- Select the “Exchange” section on the main page.
- Click on the Swap button.
- Select coins to be exchanged. Specify the quantity.
- Press the “Swap” button.
The operation execution time is 5-15 minutes. If an error occurs, you need to contact technical support. You will need to describe the problem and attach a screenshot.
Fast buying and selling of cryptocurrencies
Transactions on AWX.pro can be paid by Visa, Mastercard, Mir and cash. Available ways are:
- Conversion on the exchange’s website.
- Exchange of physical currency in offices in Moscow, Ufa, Krasnodar, Yekaterinburg, Dubai and other cities.
- Conversion via Cash-in. This is a tool that allows customers to perform transactions of cryptocurrency sale with the receipt of rubles on the card through ATMs. The user creates an application, specifies the number of coins for sale and enters the details by which he plans to receive rubles. Different banks and limits are available. Rubles are credited within 20 minutes.
From card
The option is available only after verification of the account. Users can pay with “plastic” for any supported assets. When buying from a card, coins are credited to the internal wallet for about 10 minutes. The algorithm of transactions is as follows:
- Log in to the personal cabinet.
- Select the menu item “Buy/Sell Crypto”, then – “By RF Card”.
- Specify the coin, volume and direction of the transaction.
- Confirm the data.
- Specify the card number.
- Press the “Done” button.
For cash
On the AWX crypto exchange you can buy USDT, Bitcoin and Ethereum for national currencies – RUB, AED, USD, EUR, AMD. The minimum transaction amount is 20 thousand rubles in equivalent, the maximum – 70 million. Instructions for buying/selling coins for cash:
- Authorize on the site (in the mobile application).
- In the main menu, select the item “Buy/Sell Crypto”, then – “For fiat”.
- Specify the national currency, digital coin.
- Choose the method of receipt – cash, courier, cash-in. You can leave all options.
- The table will show the available offers (office address, rate, limit). You need to choose one.
- In the “Give” field, specify the amount and asset (cryptocurrency/fiat).
- In the “Details” column, enter the data for communication – phone or Telegram.
- In the next line, enter your full name – you will need it to get a pass to the office.
- Click on the “Sell” button.
An active application will appear in the account, in which the client can check the status of the operation. The user also has the right to contact the support managers in case of additional questions.
If you need an urgent exchange, you can contact the support service on the way to the nearest representative office. Employees will prepare funds for cash settlement.
Commissions
In the spot terminal, traders pay a fixed fee of 0.03% for transactions. On AWX there are no commissions for buying and selling for fiat. Clients with large turnovers (over 7 million USDT in 30 days) can count on individual terms of service.
Additional options
The exchange team regularly publishes internal news and covers the events of the crypto segment in the blog and social networks (Telegram, VKontakte). In these sources, you can also find educational materials for beginners. Articles are available without authorization, they are posted in the “Cryptoblog” section.
Affiliate Program
AWX crypto exchange has representative offices in Russia, other CIS countries, UAE and other countries. The annual turnover of the company exceeds $1 billion. The platform seeks to expand its partner network and invites entrepreneurs to cooperate.
To do this, you need to go to the program page and click on the “Leave an application” button. In the form it is proposed to specify information about the company and contact details. Partners of the exchange receive advantages:
- Can open offices in their cities (anywhere in the world) without marketing costs.
- Work on the exchange’s software. In the interface you can edit orders and set your own prices for cryptocurrencies.
- Enjoy full technical and informational support.
- Can advertise offices through company channels.
Advantages and disadvantages of the AWX crypto exchange for the Russian Federation
In 2024, the platform accepts deposits in rubles. Russians can withdraw money in cash at the company’s offices in Russia, other CIS countries, the UAE and Cyprus. AWX Exchange has created a wide partner network. Other advantages and disadvantages of the platform – in the table.
| Pros | Minuses |
|---|---|
Conclusion
AWX crypto exchange is one of the few international platforms that continue to serve Russian clients. Users can buy digital coins from cards, exchange without commissions and withdraw fiat. The company has large reserves and has created a wide partner network. Customers can withdraw up to 70 million rubles in fiat anywhere in the world.
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Author: Saifedean Ammous, an expert in cryptocurrency economics.
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