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- Ace promises a zero transaction fee when money transfers are made internally between two Ace accounts.
- The new customer can gain 100 Taiwanese dollars ($3.34) worth of Bitcoin when making an account on the exchange through their mobile app.
- The exchange is offering an API open application that users can apply to when their monthly transaction volume reaches 5 million yuan.
Ace, a cryptocurrency exchange based in Taiwan, has recently been publicizing several promotional offers including a new referral program, reward programs, transaction fee cuts, zero-fee cuts on internal (Ace-to-Ace) account transactions, API open applications, and rebate percentage increases.
The most significant promotion here can be seen as the slashing of transaction fees under certain conditions. Ace promises a zero transaction fee when money transfers are made internally between two Ace accounts. This opens up the possibility for more cryptocurrency moving from account to account on Ace due to its large userbase in the country.
They have also announced a 50% cut on transaction fees in general for its entire userbase. The fee cut percentage has been reduced from 0.15% to 0.075%, making it a very significant saving for customers on every transaction. This fee cut will also include pending order fees and order fees.
The exchange also brings a new referral program to the table offering 50 Taiwanese dollars ($1.7) worth of Ethereum two both parties when the new customer uses the referral code of the existing customer for the exchange.
Also, the new customer can gain 100 Taiwanese dollars ($3.34) worth of Bitcoin when making an account on the exchange through their mobile app. Such a rewards program is also a highly attractional feature to bring more user participation to the exchange.
The rebate percentage has also been increased, giving returns of up to 60% when using the referral program. The primary user will be offered a 50% rebate on their transactions, and the secondary user will be offered 10%.
The rebate amount will be settled by the exchange at the end of the day. The rewards program and the advantages of participating in the referral program, make Ace a very competitive player in the cryptocurrency exchange space in China now.
Lastly, the exchange is also offering an API open application that users can apply to when their monthly transaction volume reaches 5 million yuan. The application will be reviewed in 10 days, and the reports will be conveyed back to the user.
This barrage of promotions can be seen as a strong marketing strategy to attract new customers to their platform and increase their foothold in China since they are already one of the leading cryptocurrency exchanges in Taiwan.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
