Graphical tutorial on buying coins for newbies on AscendEX exchange app

As a novice investor, you can confidently embark on your digital asset journey by following our comprehensive guide to purchasing coins on the user-friendly AscendEX platform, where you'll find a diverse asset selection and a seamless trading experience.

Nov 26, 2024 at 09:26 pm

A Comprehensive Guide to Purchasing Digital Assets on AscendEX for Novice Investors

Introduction:

Navigating the world of cryptocurrency as a novice can be daunting, especially when it comes to acquiring digital assets. AscendEX exchange app, renowned for its user-friendly interface and diverse asset selection, offers a seamless solution for beginners seeking to embark on their crypto journey. This step-by-step tutorial will provide a comprehensive guide to buying coins on AscendEX, empowering you to make informed investment decisions.

Step 1: Creating an AscendEX Account

• Download the AscendEX mobile app from the App Store or Google Play.
• Register for a new account by providing your email address and creating a strong password.
• Follow the on-screen instructions to complete the account setup process.
• Verify your email address and identity by submitting the required documents for KYC (Know Your Customer) verification.

Step 2: Depositing Funds into Your Account

• Log into your AscendEX account.
• Navigate to the "Assets" tab and select "Deposit."
• Choose your preferred deposit method (credit/debit card, bank transfer, crypto transfer).
• Follow the instructions provided to complete the deposit transaction.

Step 3: Finding the Coin You Want to Buy

• Access the "Trade" tab on the AscendEX app.
• Use the search bar to locate the specific coin you intend to purchase (e.g., Bitcoin, Ethereum).
• Alternatively, you can browse the various asset pairs listed on the platform.

Step 4: Placing a Buy Order

• Once you've selected the desired coin, tap on its trading pair (e.g., BTC/USDT for Bitcoin).
• A trading interface will appear.
• Choose a suitable order type (Market Order, Limit Order) that aligns with your investment strategy.
• Specify the amount of the coin you wish to buy or the total amount you want to spend.
• Review the order details and confirm the transaction.

Step 5: Monitoring Your Order

• Track the status of your order in the "Orders" section of the app.
• Once the order is filled, the purchased coins will be credited to your AscendEX wallet.

Additional Considerations for Beginners:

• Research and due diligence: Before investing in any cryptocurrency, it's essential to conduct thorough research and understand the underlying project, technology, and market dynamics.
• Cybersecurity and security: Safeguard your AscendEX account by enabling two-factor authentication (2FA), using a strong password, and being cautious of phishing scams.
• Investment strategy: Determine your investment objectives, risk appetite, and long-term financial goals prior to allocating funds.
• Volatility and risk: Cryptocurrency markets are inherently volatile, and the value of your investments can fluctuate significantly. Invest only what you can afford to lose.
• Customer support: AscendEX provides 24/7 customer support through live chat, email, and phone, ensuring assistance is readily available if needed.