How to trade on AscendEX exchange? Graphic transaction process

AscendEX, a cryptocurrency exchange based in Singapore, offers various trading options including spot trading and margin trading, and boasts competitive trading fees and a user-friendly interface.

Nov 25, 2024 at 07:56 pm

How to Trade on AscendEX Exchange: A Step-by-Step Graphic Transaction Process

AscendEX, formerly BitMax, is a Singapore-based cryptocurrency exchange that offers spot trading, margin trading, futures trading, and crypto staking. The platform is known for its low trading fees, user-friendly interface, and a wide selection of cryptocurrencies.

Step 1: Create an AscendEX Account:

• Visit the AscendEX website and click on "Sign Up."
• Enter your email address and create a password.
• Check the box to agree to the Terms of Service.
• Click on "Create Account."
• You will receive a verification email. Click on the link in the email to activate your account.

Step 2: Deposit Funds into Your AscendEX Account:

• Log in to your AscendEX account.
• Click on "Assets" and then "Deposit."
• Select the cryptocurrency you want to deposit.
• Generate a deposit address or scan the QR code.
• Send the cryptocurrency from your external wallet or other exchange to the generated deposit address.

Step 3: Find a Trading Pair:

• Click on "Trade" in the top menu.
• Select the trading pair you want to trade. For example, BTC/USDT.
• The order book will appear on the left side.
• The chart will appear in the center.
• The order form will appear on the right side.

Step 4: Place an Order:

• Type in the amount of cryptocurrency you want to buy or sell.
• Select the order type. There are three types of orders: market orders, limit orders, and stop-limit orders.
• Market orders are executed immediately at the current market price.
• Limit orders are executed only when the price reaches or surpasses the specified price.
• Stop-limit orders are a combination of stop orders and limit orders.
• Click on "Buy" or "Sell" to place the order.

Step 5: Monitor Your Order:

• Your order will appear in the "Open Orders" section.
• You can cancel your order by clicking on the "Cancel" button.
• When your order is executed, it will appear in the "Order History" section.

Step 6: Withdraw Funds from Your AscendEX Account:

• Log in to your AscendEX account.
• Click on "Assets" and then "Withdraw."
• Select the cryptocurrency you want to withdraw.
• Enter the withdrawal address.
• Enter the amount you want to withdraw.
• Click on "Withdraw."
• You will receive a confirmation email.
• Click on the link in the email to complete the withdrawal.