AscendEX exchange newbie registration and trading tutorial

Embarking on your crypto trading journey? AscendEX Exchange empowers beginners with a hassle-free registration and trading guide, providing a seamless gateway to the exciting world of digital assets.

Nov 25, 2024 at 05:24 pm

AscendEX Exchange: A Comprehensive Newbie Guide to Registration and Trading

Embarking on the exciting world of cryptocurrency trading? AscendEX exchange, formerly known as BitMax, is an ideal platform for beginners and experienced traders alike. This comprehensive guide will navigate you through the seamless registration and trading process on AscendEX, empowering you to jumpstart your crypto journey with confidence.

Step 1: Account Registration

1. Visit the AscendEX website (www.ascendex.com) and click on the "Sign Up" button.
2. Enter your email address and create a strong password. Ensure the password adheres to the recommended security guidelines for maximum account protection.
3. Provide your country of residence and accept the Terms of Service. Tick the checkbox to indicate your agreement.
4. Click on "Send" to receive a verification code via email. Retrieve the code from your inbox and enter it into the designated field.
5. Complete the reCAPTCHA challenge to demonstrate you're not a bot.
6. Click on "Register" to finalize the account creation process.

Step 2: Account Verification

1. Once you log into your newly created account, you will be prompted to complete account verification. This step is crucial to enhance your trading limits and ensure compliance with anti-money laundering (AML) regulations.
2. Navigate to the "Profile" section and click on "Verification."
3. Choose between "Individual" or "Corporate" verification based on your account type.
4. Provide your personal information, including your full name, date of birth, and address.
5. Upload a copy of your government-issued ID, such as a passport or national ID card. Ensure the image is clear, legible, and in color.
6. Submit the necessary documents and wait for approval. AscendEX will typically process the verification within 1-2 business days.

Step 3: Deposit Funds

1. Log into your AscendEX account and navigate to the "Assets" section.
2. Select the "Deposit" option and choose the cryptocurrency you wish to deposit.
3. Copy the provided wallet address and send your funds from an external wallet or exchange.
4. Once the network confirms the transaction, your funds will be credited to your AscendEX account, enabling you to start trading.

Step 4: Market Order Trading

1. Navigate to the "Trade" section on the AscendEX platform.
2. Select the trading pair you desire to trade, such as BTC/USDT. The order book will display on the right-hand side of the screen.
3. In the "Buy" or "Sell" section, enter the amount of cryptocurrency you wish to trade and click on the corresponding button.
4. Review the order details and ensure the price and fees are acceptable.
5. Click on "Confirm Trade" to execute the market order, which will be filled at the current market price.

Step 5: Limit Order Trading

1. Limit orders allow you to set a specific price at which you want to buy or sell a cryptocurrency.
2. Enter the trading pair, select "Limit Order," and specify the price, quantity, and side (buy or sell) of your order.
3. Preview the order details and confirm if they align with your trading strategy.
4. Click on "Confirm Trade" to place the limit order.
5. The platform will match your order with a counter-order at the specified price, executing the trade when the market conditions meet your criteria.

Step 6: Spot Grid Trading

1. AscendEX offers innovative trading tools like Spot Grid, a bot that automates your trading based on specified parameters.
2. Set up the Spot Grid for your preferred trading pair, define the buy and sell prices, and indicate the number of grids.
3. The Spot Grid will automatically buy or sell at predetermined prices, aiming to capture profits within a specific price range.

Step 7: Margin Trading (Optional)

1. Margin trading allows you to amplify your trading positions by borrowing funds from the exchange.
2. Enable margin trading functionality in your account settings.
3. Select the desired cryptocurrency and trading pair, specifying the leverage multiplier.
4. Place your margin order, keeping in mind the potential risks associated with leveraged trading.

Step 8: Withdraw Funds

1. Navigate to the "Assets" section and select "Withdraw."
2. Choose the cryptocurrency you want to withdraw, enter the amount, and provide the recipient's wallet address.
3. Review the withdrawal details and click on "Confirm Withdrawal."
4. AscendEX will process the withdrawal request, typically within 24-48 hours.