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.

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