- Bitcoin
$98,442.4154
2.99% - Ethereum
$2,696.3660
5.13% - XRP
$2.5193
5.70% - Tether USDt
$1.0008
-0.05% - Solana
$204.9295
5.22% - BNB
$575.2088
0.13% - USDC
$1.0000
-0.04% - Dogecoin
$0.2632
4.71% - Cardano
$0.7379
6.45% - TRON
$0.2185
-1.13% - Chainlink
$19.7800
5.22% - Avalanche
$25.6750
3.22% - Stellar
$0.3403
1.77% - Sui
$3.3455
7.64% - Hedera
$0.2496
5.19% - Toncoin
$3.7729
-4.46% - UNUS SED LEO
$9.7977
1.05% - Shiba Inu
$0.0...01525
5.80% - Hyperliquid
$24.9154
7.86% - Bitget Token
$6.4477
4.16% - Litecoin
$99.8552
2.94% - Polkadot
$4.6864
1.77% - Bitcoin Cash
$326.7872
4.02% - Ethena USDe
$0.9997
0.02% - MANTRA
$5.9285
14.02% - Uniswap
$8.9560
-0.90% - Dai
$0.9997
-0.04% - Monero
$225.1639
9.32% - Ondo
$1.3087
5.46% - Pepe
$0.0...09766
1.46%
How to enable contract trading on AscendEX
Perpetual contracts on AscendEX allow traders to speculate on future price movements of assets like Bitcoin and Ethereum without requiring physical delivery.
Nov 24, 2024 at 10:02 pm
How to Enable Contract Trading on AscendEX
Introduction:
AscendEX, formerly BitMax, is a renowned cryptocurrency exchange that provides a diverse range of financial products, including spot trading, perpetual contracts, and futures contracts. Perpetual contracts, also known as perpetual swaps, are financial instruments that allow traders to speculate on the future price of an underlying asset, such as Bitcoin or Ethereum, without the need for physical delivery.
Step 1: Create an AscendEX Account
To begin contract trading on AscendEX, you first need to create an account:
- Visit the AscendEX website at https://www.ascendex.com/.
- Click on the "Sign Up" button located in the top-right corner of the page.
- Enter your email address, create a password, and agree to the Terms of Service.
- Click on the "Create Account" button.
- You will receive a confirmation email. Click on the link provided in the email to activate your account.
Step 2: Enable Two-Factor Authentication (2FA)
For enhanced account security, AscendEX recommends enabling 2FA:
- Log in to your AscendEX account.
- Click on your profile icon and select "Security".
- Under the "Two-Factor Authentication" section, choose the method you prefer, either via Google Authenticator or SMS.
- Follow the instructions provided to set up 2FA.
Step 3: Fund Your AscendEX Account
To start contract trading, you will need to fund your AscendEX account:
- Click on the "Deposit" button located in the top-right corner of the page.
- Select the cryptocurrency you want to deposit.
- Copy the deposit address provided or scan the QR code using your cryptocurrency wallet.
- Transfer your desired amount of cryptocurrency to the deposit address.
Step 4: Navigate to Contract Trading
Once your account is funded, you can navigate to the Contract Trading section:
- Click on the "Trade" button located in the top-left corner of the page.
- From the drop-down menu, select "Contract".
Step 5: Choose a Contract Market
AscendEX offers a wide range of perpetual contract market**:
- Click on the "Contract" tab.
- Select the contract market you wish to trade, such as "BTC-USD", "ETH-USD", or "SOL-USD".
Step 6: Calculate Contract Size and Margin Requirements
Before placing an order, it is important to understand contract size and margin requirements:
- Contract Size: This refers to the number of units of the underlying asset covered by each contract. For example, if the BTC-USD contract size is 100, each contract represents 100 US Dollars worth of Bitcoin.
- Margin Requirements: This refers to the minimum amount of collateral you need to maintain in your trading account to open and hold a contract position. Margin requirements vary depending on the contract market and the leverage level you choose.
Step 7: Select Long or Short Position
When opening a contract position, you can choose to go long or short:
- Long Position: A long position represents a bet that the price of the underlying asset will rise in the future.
- Short Position: A short position represents a bet that the price of the underlying asset will fall in the future.
Step 8: Set Order Parameters and Protect Your Trades
Before submitting your order, you can set various order parameters, including:
- Order Type: Choose from "Limit Order", "Market Order", or "Stop Order" depending on your trading strategy.
- Price: Specify the price at which you wish to execute the order.
- Quantity: Determine the number of contracts you want to buy or sell.
- Leverage: Adjust the leverage level to increase or decrease your potential gains and risks.
- Stop-Loss Order: Place a stop-loss order to automatically close your position if the market moves against you by a certain percentage.
Step 9: Monitor Your Positions and Manage Risk
Once you have opened a contract position, you can monitor its performance in real-time:
- Click on the "Position" tab to view your open positions.
- Keep an eye on the "Unrealized P/L" column to track your potential profit or loss.
- Adjust your position size, leverage level, or exit strategy as needed to manage your overall risk.
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.
- The Search for the Next XRP: Altcoins Poised for Massive Growth
- 2025-02-04 17:31:00
- This Altcoin Has the Potential to Mirror XRP's Success, Possibly Experiencing a Massive Spike in Value Over the Coming Weeks
- 2025-02-04 17:31:00
- The End of Meme Coin Mania? Investors Want Real Utility
- 2025-02-04 17:20:59
- Eric Trump Nudges Investors to Buy Ethereum as WLFI Expands Its ETH Stash
- 2025-02-04 17:20:59
- 1Fuel: Experts Pick for 2025, Combining Solana’s Speed and Ethereum’s DeFi Strength
- 2025-02-04 17:20:59
- Crypto Market Sees 21% Weekend Retrace After US Announces New Tariffs
- 2025-02-04 17:11:00
Related knowledge
What are the impacts of different contract leverage multiples?
Dec 16,2024 at 12:46pm
Impacts of Different Contract Leverage MultiplesLeverage, a tool leveraged in the financial realm, amplifies trading activities and enhances potential returns while simultaneously magnifying risks. Understanding the implications of varying leverage multiples is paramount for savvy traders. This article delves into the impacts of different contract lever...
Which is more suitable for novices, contract trading or margin trading on Huobi.com?
Dec 16,2024 at 12:44pm
Which is More Suitable for Novices: Contract Trading or Margin Trading on Huobi.com?As a novice trader venturing into the world of cryptocurrency trading, the choice between contract trading and margin trading on Huobi.com can be a daunting one. Both instruments offer unique advantages and drawbacks, making it crucial to understand their key differences...
What does the leverage ratio of contract trading mean?
Dec 16,2024 at 12:43pm
What does the leverage ratio of contract trading mean?IntroductionLeverage ratio is a key concept in contract trading, allowing traders to gain exposure to a larger position than their initial capital would allow. This can potentially amplify both profits and losses, making it crucial for traders to understand its implications.Understanding Leverage Rat...
What scams exist in leveraged trading of virtual currency contracts?
Dec 16,2024 at 12:42pm
What Scams Exist in Leveraged Trading of Virtual Currency Contracts?Leveraged trading of virtual currency contracts, also known as margin trading, can be a lucrative way to increase your profits. However, it is important to be aware of the various scams that exist in this market so that you can protect yourself from losing your money.Pump-and-dump scams...
What is 20x leverage on Bitcoin contracts?
Dec 16,2024 at 12:40pm
What is 20x Leverage on Bitcoin Contracts?IntroductionLeverage is a powerful tool in the world of trading that can magnify both profits and losses. However, it's essential to understand the risks involved before using leverage, especially when trading volatile assets like Bitcoin. In this comprehensive guide, we will delve into the concept of 20x levera...
What is the difference between Huobi’s margin trading and contract trading?
Dec 16,2024 at 12:39pm
Understanding the Distinctions between Huobi Margin Trading and Contract TradingIntroductionHuobi, a leading cryptocurrency exchange, offers diverse trading options to cater to traders' varying risk tolerance and investment goals. Among these options are Margin Trading and Contract Trading, each with distinct features and trading mechanisms. This compre...
What are the impacts of different contract leverage multiples?
Dec 16,2024 at 12:46pm
Impacts of Different Contract Leverage MultiplesLeverage, a tool leveraged in the financial realm, amplifies trading activities and enhances potential returns while simultaneously magnifying risks. Understanding the implications of varying leverage multiples is paramount for savvy traders. This article delves into the impacts of different contract lever...
Which is more suitable for novices, contract trading or margin trading on Huobi.com?
Dec 16,2024 at 12:44pm
Which is More Suitable for Novices: Contract Trading or Margin Trading on Huobi.com?As a novice trader venturing into the world of cryptocurrency trading, the choice between contract trading and margin trading on Huobi.com can be a daunting one. Both instruments offer unique advantages and drawbacks, making it crucial to understand their key differences...
What does the leverage ratio of contract trading mean?
Dec 16,2024 at 12:43pm
What does the leverage ratio of contract trading mean?IntroductionLeverage ratio is a key concept in contract trading, allowing traders to gain exposure to a larger position than their initial capital would allow. This can potentially amplify both profits and losses, making it crucial for traders to understand its implications.Understanding Leverage Rat...
What scams exist in leveraged trading of virtual currency contracts?
Dec 16,2024 at 12:42pm
What Scams Exist in Leveraged Trading of Virtual Currency Contracts?Leveraged trading of virtual currency contracts, also known as margin trading, can be a lucrative way to increase your profits. However, it is important to be aware of the various scams that exist in this market so that you can protect yourself from losing your money.Pump-and-dump scams...
What is 20x leverage on Bitcoin contracts?
Dec 16,2024 at 12:40pm
What is 20x Leverage on Bitcoin Contracts?IntroductionLeverage is a powerful tool in the world of trading that can magnify both profits and losses. However, it's essential to understand the risks involved before using leverage, especially when trading volatile assets like Bitcoin. In this comprehensive guide, we will delve into the concept of 20x levera...
What is the difference between Huobi’s margin trading and contract trading?
Dec 16,2024 at 12:39pm
Understanding the Distinctions between Huobi Margin Trading and Contract TradingIntroductionHuobi, a leading cryptocurrency exchange, offers diverse trading options to cater to traders' varying risk tolerance and investment goals. Among these options are Margin Trading and Contract Trading, each with distinct features and trading mechanisms. This compre...
See all articles