How to make contracts with AscendEX

To create a contract on AscendEX, first register and verify your account, fund it with cryptocurrency, choose a contract, set parameters like trading pair and leverage, enter trade details, and finally place your order.

Nov 29, 2024 at 08:35 am

How to Create Contracts on AscendEX

AscendEX is a leading cryptocurrency exchange that offers a variety of trading products, including spot trading, margin trading, and futures trading. AscendEX also offers a variety of contract types, including perpetual contracts and quarterly contracts.

This guide will show you how to create a contract on AscendEX.

Step 1: Register for an AscendEX Account

The first step is to register for an AscendEX account. You can do this by visiting the AscendEX website and clicking on the "Register" button.

Once you have registered for an account, you will need to verify your email address and identity. You can do this by following the instructions in the email that AscendEX will send you.

Step 2: Fund Your AscendEX Account

Once your account has been verified, you will need to fund your account with cryptocurrency. You can do this by depositing cryptocurrency from a wallet or by purchasing cryptocurrency with a credit card or debit card.

Step 3: Choose Contract

After funding your account, you can start creating contracts. To do this, click on the "Contracts" tab at the top of the AscendEX website.

On the Contracts page, you will see a list of all of the available contracts. You can filter the contracts by market, type, and leverage.

Once you have found a contract that you want to create, click on the "Create Contract" button.

Step 4: Set Contract Parameters

Select Template (Liners or advance)

Set Trading Pair (e.g., BTC/USDT)

Select future or Perpetual (1. Futures are contracts that expire on a specific date, perpetuals have no expiration date)

Step 5: Place Order

Once you have set the contract parameters, you can place your order. Enter the contract details

• Enter the trade size
• Select the order type (e.g., Market, Limit)
• Set Buy or Sell order
• Click on the "Place Order" button

Monitor your contract

Once your order has been placed, it will appear in the "Orders" tab. You can monitor the progress of your contract here.

AscendEX also provides a variety of tools to help you manage your contracts. You can use the charting tools to track the price of the underlying asset. You can also use the stop-loss and take-profit orders to protect your profits.

How to Close Contracts on AscendEX

To close a contract, you can either place a reverse order or use the Close Position button.

• Place a Reverse Order

  This means placing an order in the opposite direction to your original order. For example, if you opened a long contract, you would place a short order to close the contract.

• Click “Close Position” button

  ### Additional Information

In addition to the steps outlined above, here are some additional information that you may find helpful:

• Trade fees: AscendEX charges a variety of fees for trading contracts. These fees vary depending on the market, type, and leverage of the contract.
• Margin: When you trade contracts on AscendEX, you will need to use margin. Margin is a loan that you take out from the exchange to increase your trading power.
• Risk management: Trading contracts can be risky. It is important to understand the risks involved before you start trading.
• Customer support: AscendEX offers a variety of customer support options. You can contact customer support by email, live chat, or phone.