AscendEX, formerly known as BitMax.io, was co-founded in 2018 as a global digital asset trading platform by a group of expert Wall Street quantitative traders and offers a wide range of investment products.
AscendEX 7 key point overview:
- ✔️What is AscendEX
- ✔️Features of AscendEX
- ✔️Tokenomics (ASD)
- How to buy token
- How to open an account
- What we like about AscendEX
What is AscendEX
👉 This platform is available in more than 200 countries worldwide and is suitable for both retail and institutional traders.
👉 Despite being a centralized crypto exchange that operates with strict industry compliance and implements risk control measures, AscendEX aims to align with the key elements of DeFi ecosystems and offers plenty of innovative reward mechanisms and flexible trading methods, with over 200 popular digital assets to add to your portfolio.
👉 Not only does AscendEX offer rewards for completing tasks and referring friends to the platform, but it is also a leading exchange for different types of trading, including Cash, Margin and Futures trading, as well as Staking and DeFi Yield Farming, and you can participate in auctions and launchpools.
Features of AscendEX
👉 AscendEX offers a wide range of products and services.
👉 You can buy over 200 cryptocurrencies using more than 60 fiat currencies and you can potentially earn up to 800% APY (Annual percentage yield) via AscendEX Earn through Staking and DeFi Yield Farming.
👉 By staking ASD, the native token of AscendEX, you can also earn daily rewards in USDT, BTC, and ETH.
👉 Staking with AscendEX gives you a competitive edge over other traders because of special staking features, such as Instant Unbonding, Compound Mode and the option to use Staked Assets as Margin Collateral.
👉 The AscendEX customer support team can be reached 24/7 via the Telegram group and the Help Center can be used for answers to some of the most commonly asked questions.
👉 AscendEX offers one-click conversions with zero-fees, spot trading and margin trading with up to 25x leverage.
👉 This exchange also offers a unique “Card” system that operates as a type of booster system for user accounts.
👉 The Point Card feature can be used to redeem a 50% discount on the repayment of your margin interest, or you can use the ASD Investment Multiple Card to earn 5x your investment profit for 10 days.
👉 There is also an Airdrop Multiple Card that can be purchased to earn 3x the rewards for 5 airdrop events per card.
👉 If you are new to trading crypto, staking and yield farming, the AscendEX Help Centre will have answers to all the questions you could possibly have about the platform and crypto trading.
👉 There is also a section with plenty of Beginner’s Guides.
👉 ASD is the native utility token of the AscendEX platform and there is a total supply of approximately 787 million tokens available, which was reduced from 1 billion.
👉 This token is used as the primary unit of exchange for all services and operations offered on the AscendEX platform.
👉 The 10-tier VIP Transaction Fee Structure offers attractive discounts on trading fees.
👉 Additionally, ASD can be exchanged for additional premium benefits, such as membership upgrades related and transaction fee discounts, reduced interest on margin loans, access to exclusive airdrops, token releases and more.
👉 The total supply of ASD will continue to decrease as the amount of ASD consumed increases, which will make this an incredibly rare token over time.
How to buy token
👉 The ASD token is currently not available on many exchanges, but you can buy it directly from the AsendEX exchange or from Gate.io, Kucoin, FTX and WOO Network.
👉 If you’d like to purchase ASD from AscendEX, you can do so by creating an account with them and scrolling all the way down to the bottom of the homepage.
👉 You will see a “How to buy” section and there, you will find a link to the “How to buy ASD” guide.
👉 When you click on it, you will be redirected to another page that will have a “Buy ASD Now” button, which will redirect you to the exchange after you click on that button.
👉 Alternatively, you can create an account on any of the other listed exchanges and buy ASD from there.
👉 Depending on what you plan to do with your ASD tokens, you can either store them, stake them or use them.
👉 To store ASD tokens, we recommend using third-party wallets like Trust Wallet, Metamask and Atomic wallet.
👉 These are secure wallets that are trusted by millions of investors and traders worldwide.
👉 But if you plan on only storing your tokens, we recommend staking them instead to get the most out of your investment.
👉 To stake your ASD tokens, create an account and download the AscendEX app.
👉 Launch the app and click on the “staking” button. You can then choose the token you want to stake and let your token do the rest.
👉 You don’t have to stake ASD only, but staking ASD will certainly be very rewarding and we highly recommend doing so!
👉 Withdrawing your assets from AscendEX is easy.
👉 All you need to do is copy the address of your third-party wallet and paste it into the withdrawal address field on AscendEX.
👉 You can then confirm and complete your transaction.
How to open an account
👉 To access all the platform features, staking mechanisms and multiple reward systems, you will first need to create an account with AscendeEX.
Step 1: Visit the AscendEX website
Visit the official AscendEX website to start the process of opening an account
Step 2: Click on the “Sign Up” button.
To open an account with AscendEX, open the home page and click on the “Sign Up” button.
Step 3: Fill in the form.
You can sign up with either your email address or your mobile number and you will be required to fill in your personal details. Once you have created your account, you must verify your email address or mobile number.
👉 You can also download the app on your mobile device and open your account from there. Once your account has been created and verified, you can fund it and start trading, earning and learning!
What we like about AscendEX
👉 AscendEX has recently undergone a massive transformation with the launch of its rebranding, and with it, has come many exciting and innovative features that almost make this centralized exchange seem more like a hybrid platform that combines the best elements of both centralized and decentralized exchanges into one powerful hub for traders and investors.
👉 What we like most about AscendEX is that it is beginner-friendly, forward-thinking and multi-functional.
👉 Unlike many other exchanges, it does not only take from its clients. The AscendEX team has found many ways to give back to their community and reward every user for participating in the ecosystem.