How to buy coins with AscendEX contract address

To buy coins with an AscendEX contract address, users can create an account, deposit funds, find the desired contract, place a buy order, and monitor their position.

Nov 30, 2024 at 09:34 pm

How to Buy Coins with AscendEX Contract Address

AscendEX is a popular cryptocurrency exchange that allows users to trade a wide variety of digital assets. In addition to spot trading, AscendEX also offers a range of derivative products, including perpetual contracts.

Perpetual contracts are a type of futures contract that do not have a fixed expiration date. This means that they can be held indefinitely, or until the trader closes their position. Perpetual contracts are often used for hedging or speculative trading.

To buy coins using an AscendEX contract address, you will need to:

1. Create an AscendEX account. If you do not already have an AscendEX account, you can create one by visiting the AscendEX website.
2. Fund your account. You can fund your AscendEX account using a variety of methods, including bank transfer, credit card, or cryptocurrency.
3. Find the contract you want to trade. AscendEX offers a variety of perpetual contracts, each of which is based on a different underlying asset. To find the contract you want to trade, use the search bar at the top of the AscendEX website.
4. Place an order. Once you have found the contract you want to trade, you can place an order. To do this, click on the "Trade" button and enter the amount of the contract you want to buy. You can also choose to place a limit order or a market order.
5. Monitor your position. Once you have placed an order, you can monitor your position by clicking on the "Positions" tab at the top of the AscendEX website. Here, you can see the current status of your position, including the price at which you bought the contract, the current price of the contract, and your profit or loss.

Detailed Steps

1. Create an AscendEX account.

To create an AscendEX account, visit the AscendEX website and click on the "Sign Up" button. You will be prompted to enter your email address, create a password, and agree to the AscendEX terms of service.

Once you have entered your information, click on the "Create Account" button. You will then be asked to verify your email address by clicking on a link that will be sent to your inbox.

Once you have verified your email address, you will be able to log in to your AscendEX account.

2. Fund your account.

To fund your AscendEX account, click on the "Deposit" button at the top of the AscendEX website. You will then be able to choose from a variety of deposit methods, including bank transfer, credit card, or cryptocurrency.

If you are depositing funds using a bank transfer, you will need to provide your bank account information. If you are depositing funds using a credit card, you will need to provide your credit card number, expiration date, and CVV code. If you are depositing funds using cryptocurrency, you will need to provide the address of your cryptocurrency wallet.

Once you have provided the necessary information, click on the "Deposit" button. Your funds will be credited to your AscendEX account within a few minutes.

3. Find the contract you want to trade.

AscendEX offers a variety of perpetual contracts, each of which is based on a different underlying asset. To find the contract you want to trade, use the search bar at the top of the AscendEX website.

For example, if you want to trade the BTC/USDT perpetual contract, you would enter "BTC/USDT" into the search bar.

Once you have found the contract you want to trade, click on the "Trade" button.

4. Place an order.

To place an order, enter the amount of the contract you want to buy in the "Amount" field. You can also choose to place a limit order or a market order.

A limit order is an order to buy or sell a contract at a specific price. If the market price does not reach your limit price, your order will not be executed.

A market order is an order to buy or sell a contract at the current market price. Market orders are executed immediately.

Once you have entered the amount of the contract you want to buy and the type of order you want to place, click on the "Buy" or "Sell" button.

Your order will be placed on the AscendEX order book. Once your order is executed, you will be able to see the details of your position in the "Positions" tab at the top of the AscendEX website.

5. Monitor your position.

Once you have placed an order, you can monitor your position by clicking on the "Positions" tab at the top of the AscendEX website. Here, you can see the current status of your position, including the price at which you bought the contract, the current price of the contract, and your profit or loss.

You can also close your position at any time by clicking on the "Close" button.