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Where is the AscendEX usdt-margined contract?
Traders can find the AscendEX USDT-margined contract under the "Futures" tab, by selecting "USDT-Margined" from the dropdown menu.
Dec 10, 2024 at 10:24 pm
Where is the AscendEX usdt-margined contract?
AscendEX, formerly known as BitMax, is a cryptocurrency exchange that offers a variety of trading products, including spot trading, margin trading, and futures trading. The AscendEX USDT-margined contract is a type of futures contract that allows traders to speculate on the price of cryptocurrencies using USDT as collateral.
How to find the AscendEX USDT-margined contract:
- Log in to your AscendEX account.
- Click on the "Futures" tab.
- Select "USDT-Margined" from the dropdown menu.
- You will now see a list of all the USDT-margined contracts that are available for trading.
What are the benefits of using the AscendEX USDT-margined contract?
There are several benefits to using the AscendEX USDT-margined contract, including:
- High leverage: The AscendEX USDT-margined contract offers up to 125x leverage, which allows traders to increase their potential profits.
- Low fees: The AscendEX USDT-margined contract has low trading fees, which can save traders money over time.
- Deep liquidity: The AscendEX USDT-margined contract has deep liquidity, which ensures that traders can always find a counterparty to their trades.
What are the risks of using the AscendEX USDT-margined contract?
There are also some risks associated with using the AscendEX USDT-margined contract, including:
- The potential for loss: The AscendEX USDT-margined contract is a leveraged product, which means that traders can lose more money than they initially invested.
- The risk of liquidation: If the price of a cryptocurrency moves against a trader's position, the trader may be liquidated and lose all of their investment.
- The risk of hacks and other security breaches: AscendEX is a centralized exchange, which means that it is vulnerable to hacks and other security breaches.
How to trade the AscendEX USDT-margined contract:
- Open a trading account: The first step to trading the AscendEX USDT-margined contract is to open a trading account. You can do this by visiting the AscendEX website and clicking on the "Create Account" button.
- Deposit funds: Once you have opened a trading account, you need to deposit funds into your account. You can do this by using a variety of methods, including bank transfer, credit card, and cryptocurrency.
- Choose a trading pair: The next step is to choose a trading pair. The AscendEX USDT-margined contract is available for a variety of trading pairs, including BTC/USDT, ETH/USDT, and BNB/USDT.
- Place an order: Once you have chosen a trading pair, you can place an order. You can do this by clicking on the "Buy" or "Sell" button and entering the desired order size.
- Monitor your position: Once you have placed an order, you should monitor your position to ensure that it is performing as expected. You can do this by clicking on the "Positions" tab.
Conclusion:
The AscendEX USDT-margined contract is a powerful trading tool that can be used to speculate on the price of cryptocurrencies. However, it is important to understand the risks associated with this product before you start trading.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
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