When you're looking for a crypto exchange, you want something that works - fast, safe, and reliable. But what if the platform barely exists? That’s the reality with AUX Exchange. Despite being listed on CoinGecko, this so-called decentralized exchange offers almost nothing of value to real traders. With only 3 cryptocurrencies and 3 trading pairs, it’s not just limited - it’s practically unusable.
What Is AUX Exchange Really?
AUX Exchange claims to be a decentralized exchange (DEX), meaning it should let you trade directly from your wallet without handing over control of your funds. But here’s the problem: there’s no proof it actually does that. No whitepaper. No GitHub repo. No smart contract audits. No public team. The CoinGecko page doesn’t even list when it was founded - it just says "established in -". That’s not a mistake. That’s a red flag. Most legitimate DEXs like Uniswap or PancakeSwap have years of public development, open-source code, and community audits. AUX Exchange? Nothing. Zero transparency. If you can’t find basic information about how a platform works, you shouldn’t trust it with your crypto.Trading Options? Almost None
Let’s put this in perspective. AUX Exchange supports just 3 coins and 3 trading pairs. That’s it. Compare that to Swyftx, which offers over 500 cryptocurrencies. Or Kraken, with 466. Even MEXC gives you 2,500+ assets. AUX Exchange doesn’t even make the bottom of the barrel - it’s off the chart entirely. If you’re looking to trade Bitcoin, Ethereum, or even Solana, you won’t find them here. Or if you do, it’s likely a scam listing. No major altcoin projects partner with a platform this obscure. Real liquidity doesn’t exist here. You won’t be able to buy or sell anything meaningfully. Even if you could, the spreads would be terrible - and you’d have no way to know because fee structures aren’t published.No Regulatory Footprint, No Trust
Australia’s crypto market is one of the most regulated in the world. Exchanges like Swyftx, Coinspot, and Kraken are registered with AUSTRAC. They hold ISO27001 certifications. They report to the ATO. They use real KYC checks with passport scans. AUX Exchange? It doesn’t appear on any Australian regulatory list. Not on Koinly. Not on Finder.com. Not on Cryptonews.au. Not even in the 40+ exchanges reviewed by industry experts. That means if you lose funds, there’s no recourse. No ombudsman. No dispute process. No insurance. If this platform vanishes tomorrow - and it likely will - you’re out of luck. There’s no accountability. No legal obligation to protect you.
No Security, No Support
Major exchanges don’t just list coins - they protect them. Kraken uses cold storage. Swyftx encrypts data with ISO standards. Coinbase offers two-factor authentication and withdrawal whitelisting. AUX Exchange? No mention of security measures anywhere. No 2FA. No cold storage. No audit reports. No Proof-of-Reserves. And customer support? Forget it. You won’t find a help center. No live chat. No email address. No Twitter or Telegram channel. No Reddit community. No YouTube tutorials. Nothing. If you get stuck trying to withdraw, or if your transaction fails, you’re on your own. Real exchanges invest in support because people need help. AUX Exchange doesn’t care.Zero Community, Zero Adoption
The crypto world runs on community. Reddit threads. Discord servers. Twitter debates. YouTube reviews. If thousands of people are talking about an exchange, it’s usually because it’s working - or because it’s broken in a big way. AUX Exchange has neither. No one is talking about it. No one is recommending it. No one is warning about it - because almost no one has used it. Raymond La’s April 2025 video on the "5 BEST Crypto Exchanges in Australia" covered Coinbase, Kraken, Binance, Swyftx, and Crypto.com. AUX Exchange wasn’t even mentioned. Not once. Not as a joke. Not as a warning. It simply didn’t make the cut. There are no user reviews on Trustpilot. No Reddit posts. No Twitter threads. No Telegram groups. If a platform has zero user presence, it’s because it has zero users.
Why This Matters
You might think, "It’s just a small DEX. Maybe it’s niche." But that’s not how crypto works. Decentralized exchanges aren’t meant to be tiny, hidden platforms. They’re built on open protocols, public blockchains, and community trust. AUX Exchange doesn’t follow any of that. It’s not a niche player - it’s a ghost. And here’s the scary part: fake exchanges like this often appear as phishing sites. They copy the name, the logo, even the CoinGecko listing. Then they lure people into connecting wallets - and steal everything. No one knows who runs AUX Exchange. No one can verify it. That’s not a feature. That’s a trap.What You Should Use Instead
If you’re in Australia - or anywhere - and want a real exchange, here are your options:- Swyftx: Best for beginners. Easy signup, tax reporting, demo mode, 500+ coins.
- Kraken: Best for advanced traders. 466 coins, low fees, 24/7 support, strong security.
- Coinbase: Best for US and global users. Trusted brand, educational tools, margin trading.
- Independent Reserve: Australian-based, regulated, transparent, great for AUD deposits.
- Uniswap: If you want real decentralization - use the real thing. Open-source, audited, widely used.
Final Verdict
AUX Exchange isn’t just underdeveloped - it’s dangerous. There’s no evidence it’s operational. No proof it’s secure. No sign it’s trusted. No reason to believe it’s even alive. If you see a link to AUX Exchange - don’t click it. Don’t connect your wallet. Don’t send any crypto. This isn’t a trading platform. It’s a potential scam. Stick to exchanges with real track records. Your crypto is too valuable to gamble on a ghost.Is AUX Exchange a legitimate crypto exchange?
No. AUX Exchange lacks basic indicators of legitimacy: no public team, no security documentation, no regulatory registration, no user community, and no transparent trading infrastructure. It appears only as a minimal listing on CoinGecko with no supporting details. There is no credible evidence it operates as a functional or trustworthy exchange.
Can I trade AUD on AUX Exchange?
No. AUX Exchange does not support any fiat currencies, including AUD. There are no deposit methods, no bank transfers, and no PayID integration. Unlike Australian exchanges like Swyftx or Independent Reserve, AUX Exchange offers no way to buy crypto with real money.
Does AUX Exchange have a mobile app?
There is no verified mobile app for AUX Exchange. No official app exists on the Apple App Store or Google Play Store. Any app claiming to be AUX Exchange is likely a phishing attempt. Legitimate exchanges always provide official apps - AUX Exchange does not.
Why isn’t AUX Exchange listed on Australian review sites?
Because it doesn’t meet basic standards for inclusion. Australian review platforms like Koinly, Finder.com, and Cryptonews.au evaluate exchanges based on security, regulation, user base, and features. AUX Exchange has none of these. It’s not just overlooked - it’s unqualified.
Is AUX Exchange a scam?
It has all the hallmarks of a potential scam: zero transparency, no documentation, no community, no support, and no regulatory oversight. While it may not be confirmed as malicious, its structure makes it a high-risk target for phishing and theft. Treat it as dangerous until proven otherwise.
Can I use AUX Exchange for tax reporting?
No. AUX Exchange is not integrated with any tax reporting tools like Koinly or Sharesight. It provides no transaction history exports, no API access, and no official records. If you use it, you’ll have no way to accurately report your crypto taxes - which could lead to penalties from tax authorities.
What should I do if I already connected my wallet to AUX Exchange?
Disconnect your wallet immediately. Check your wallet history for any unauthorized transactions. If funds were moved, assume they’re lost. Do not send more crypto to it. Report the site to your wallet provider (e.g., MetaMask, Trust Wallet) and consider alerting crypto security communities like Chainalysis or CryptoScamDB.
Why is AUX Exchange listed on CoinGecko if it’s so unreliable?
CoinGecko lists hundreds of exchanges, including many with minimal activity or questionable legitimacy. Their listing doesn’t imply endorsement or safety - it simply means someone submitted the data. Many such exchanges are abandoned, defunct, or scam operations. Always verify an exchange independently - never rely on CoinGecko alone.
Are there any positive reviews for AUX Exchange?
There are no verified positive reviews for AUX Exchange anywhere - not on Trustpilot, Reddit, Twitter, YouTube, or crypto forums. The absence of user feedback is a major red flag. Legitimate exchanges attract both praise and criticism. AUX Exchange attracts nothing.
Should I ever consider using AUX Exchange in the future?
No. Until AUX Exchange publishes transparent documentation, proves its operational status, registers with regulators, and builds a user base - it should be avoided entirely. There is no scenario where its current state makes it a viable or safe option for trading or storing crypto.