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Graphical tutorial on buying coins for newbies on AscendEX exchange app

As a novice investor, you can confidently embark on your digital asset journey by following our comprehensive guide to purchasing coins on the user-friendly AscendEX platform, where you'll find a diverse asset selection and a seamless trading experience.

Nov 26, 2024 at 09:26 pm

A Comprehensive Guide to Purchasing Digital Assets on AscendEX for Novice Investors

Introduction:

Navigating the world of cryptocurrency as a novice can be daunting, especially when it comes to acquiring digital assets. AscendEX exchange app, renowned for its user-friendly interface and diverse asset selection, offers a seamless solution for beginners seeking to embark on their crypto journey. This step-by-step tutorial will provide a comprehensive guide to buying coins on AscendEX, empowering you to make informed investment decisions.

Step 1: Creating an AscendEX Account

  • Download the AscendEX mobile app from the App Store or Google Play.
  • Register for a new account by providing your email address and creating a strong password.
  • Follow the on-screen instructions to complete the account setup process.
  • Verify your email address and identity by submitting the required documents for KYC (Know Your Customer) verification.

Step 2: Depositing Funds into Your Account

  • Log into your AscendEX account.
  • Navigate to the "Assets" tab and select "Deposit."
  • Choose your preferred deposit method (credit/debit card, bank transfer, crypto transfer).
  • Follow the instructions provided to complete the deposit transaction.

Step 3: Finding the Coin You Want to Buy

  • Access the "Trade" tab on the AscendEX app.
  • Use the search bar to locate the specific coin you intend to purchase (e.g., Bitcoin, Ethereum).
  • Alternatively, you can browse the various asset pairs listed on the platform.

Step 4: Placing a Buy Order

  • Once you've selected the desired coin, tap on its trading pair (e.g., BTC/USDT for Bitcoin).
  • A trading interface will appear.
  • Choose a suitable order type (Market Order, Limit Order) that aligns with your investment strategy.
  • Specify the amount of the coin you wish to buy or the total amount you want to spend.
  • Review the order details and confirm the transaction.

Step 5: Monitoring Your Order

  • Track the status of your order in the "Orders" section of the app.
  • Once the order is filled, the purchased coins will be credited to your AscendEX wallet.

Additional Considerations for Beginners:

  • Research and due diligence: Before investing in any cryptocurrency, it's essential to conduct thorough research and understand the underlying project, technology, and market dynamics.
  • Cybersecurity and security: Safeguard your AscendEX account by enabling two-factor authentication (2FA), using a strong password, and being cautious of phishing scams.
  • Investment strategy: Determine your investment objectives, risk appetite, and long-term financial goals prior to allocating funds.
  • Volatility and risk: Cryptocurrency markets are inherently volatile, and the value of your investments can fluctuate significantly. Invest only what you can afford to lose.
  • Customer support: AscendEX provides 24/7 customer support through live chat, email, and phone, ensuring assistance is readily available if needed.

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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