AscendEX (BitMax) Review
AscendEX has emerged as a leading ROI
platform in “initial exchange offerings”, backing some of the industry’s
innovative projects from the DeFi ecosystem such as Thorson, xDai Stock and
Serum. AscendEX users have exclusive access to token airdrops and the ability
to purchase tokens at an early stage.
George Cao, CEO and Founder of Ariel
Ling [LinkedIn] (COO), a key management team working with large traditional
financial institutions, technology and crypto companies.
AscendEX Fees
Trading Fees
AscendEX sorted trading fees are
calculated in USDT based on the user's daily trading volume or the following
30-day average ASD token holdings. For example, there are different producer
and buyer rates for each layer, depending on whether you are trading in large
cap coins or altcoins as seen below. To achieve a certain level, for example,
the VIP1 layer needs at least 100,000 USDT over a 30-day period, and the VIP9
layer needs more than 500,000,000 USDT.
Withdrawal Fee
AscendEX is competitive among many
exchanges when it comes to paying for your crypto withdrawals. For example, you
pay 0.0005 BTC for a Bitcoin withdrawal, 0.01 ETH for an Ethereum withdrawal,
and 1 ADA for a Cardano withdrawal.
looking
for business
spot
trading
Spot trading is easy and can be done
with multiple token pairs. Token prices are shown above, token pairs are listed
on the left, and book order information is on the right.
Unlike finding this information
elsewhere, bulk quantities are readily available under the price chart.
BTC/USDT
margin
trading
AscendEX exchange offers its clients
margin trading for bitcoin and various altcoins. They allow forex up to 25x,
and below is a list of some of the cryptocurrencies that allow them to trade
margin. When you open an AscendEX account, your margin account will be set up
automatically and no fees will be charged if you pay within 8 hours.
business on the edge
futures exchange
The futures contracts offered by
AscendEX are called "permanent contracts" and are available for 15
trading pairs in BTC, ETH, USDT, USDC, or PAX. AscendEX continuous deals do not
expire, so you can keep long or short movies as long as you have sufficient
margin. AscendEX's trading platform allows 100x forex trading for futures,
which is the highest in the industry.
copy exchange
This is an innovative feature in
AscendEX that allows users to purchase subscriptions to some of the best
merchants in the transaction and then copy/copy their products. User's accounts
follow the instructions of the Pro Merchant, which means that the products will
be processed equally for them.
Copywriting is best for users who are
not confident in day to day trading and want to pursue someone more experienced
to harness the potential profit. All trader information can be found on the
webpage, where you can find their monthly income, monthly profit/loss, future
assets and subscription price.
pro traders
Ascend API
AscendEX has upgraded its backend to
support the AscendEX Pro API, the latest release of the API that provides users
with automatic access. This update improves the speed and stability of earlier
versions. There are synced and unsynced API calls when placing or canceling an
order; Simultaneous API calls will eliminate orders in one API call, and direct
API calls will eliminate orders with minimal delay.
Additional features include more
detailed error messages, simplified API programs to track the entire life of
the queue with an identifier from start to finish, and more.
Supported Countries and Cryptos
AscendEX's digital property trading
platform provides support for most countries around the world - however, there
are some exceptions. Unsupported countries are the United States, Algeria, the
Balkans, Bangladesh, Belarus, Bolivia, Burma (Myanmar), Cambodia, C de te
d'Ivoire, Cuba, Democratic Republic of the Congo, Ecuador, Iran, Iraq, Liberia,
Nepal. , North Korea, Sudan, Syria and Zimbabwe.
They offer access to over 150
different trading pairs and over 50 tokens for margin trading, ranging from the
largest currency caps on the market to the lesser known. Altcoins, which offer
a variety of options and board attachments.
active market
ASD token and ecosystem
ASD (formerly BTMX) is the native
tokenization token for the AscendEX trading platform, and token holders can
receive a number of rewards and services. Users can use their ASD tokens to bet
on profitable APY, receive discounts on trading fees, use them in investment
products to receive daily rewards, increase their chances of winning auctions,
and Points cards can be purchased for a low interest margin fee.
Opportunities are also offered to take
advantage of AST investment products, auctions, quotations and exclusive
private token sale issues. For example, users can multiply their Air Drop
rewards and investment returns on specific cards.
Deposit and Withdrawal Methods
There are several ways in which you
can deposit assets on AscendEX. Via the first crypto deposit, you can go to
your online wallet, select the token you want to receive, copy the deposit
address to the AscendEX deposit page by token, paste it into your online
wallet, And then send the token to the AscendEX deposit address.
If you wish to withdraw your tokens,
go to the withdrawal page on AscendEX, paste the deposit address of the
external wallet you are trying to send, and click "Confirm" to
withdraw the tokens.
Users can buy cryptocurrencies in USD,
EUR, GBP, UAH, RUB, JPY and TRY via credit card or debit card payment
(Visa/MasterCard). Supported assets for purchase are BTC, ETH, USDT, BCH, TRX,
EGLD, BAT and ALGO. You can also withdraw money from your bank account and
deposit it through card payment processes.
Other Features and Services
Over-the-Counter (OTC) Solutions
Prime Trust is a US-regulated trust
and trustee that supports AscendEX, providing OTC trading solutions to AscendEX
clients. Supported assets are Bitcoin, Ethereum and Tether (USDT), and require
a minimum of $100,000 per transaction.
usd investment multiple cards
ASD investment is an additional
incentive available to many card users, which can be purchased using ASD
tokens. If you have 1 multiple card, your account will be multiplied by 5 to
get 10,000 AST when your share in the platform is calculated into your
distribution pool - in other words 10,000 AST if you buy one of these cards.
then you can make a 5x return on your investment.
Socks
Users can earn rewards by putting
their token. Earned rewards will be filled automatically to generate collective
income to increase overall ROI - this is optional and can be turned on/off at
will. In addition, the site offers a unique unconditional instant feature that
allows for advanced cash management of stock tokens, regardless of whether the
tokens are aimed at a long-term network. bond. Plus, you can use the attached
token as a network for margin trading.
ascending growth
produce agriculture
Users can lock tokens to receive
harvest rewards on AscendEX. They offer decentralized liquidity pools and
credit/lending options - yield optimization vaults and derivative protocols not
yet available but coming soon. The team took care of all the backend integration
on their platform to make the harvesting process gas free and the process as
easy as possible with "one-click" function.
bittrazer
BitTrazer is a financial product that
allows users to invest tokens for a high rate of return. The total investment
rate depends on the token you wish to invest in and the duration of the
investment period (terms are 30, 90, or 180 days).
How to use BitMEX Transfer
To create an account, you can go to
their website and click "Register" in the upper right corner, which
will give them two options: Verification by email or phone number. Users will
check their phone number or email address by entering their details and the
security code sent to their device.
ascending validation
Users are required to provide
verification of government issued ID in the form of ID card or passport. Users
will be asked to take a selfie with a piece of paper in your hand, which should
include the account email address, AscendEX website and the current date, which
you will need to confirm.
the protection
AscendEX has several security options
that users can use to keep their accounts secure. the first password, users
must create an account; It is important to choose a unique password with
different numbers and characters.
Enabling two-factor authentication in
Google Authenticator provides additional security by preventing users from
accessing their accounts. Users running 2FA should go to the security settings
page and be prompted to scan a barcode or enter an encryption key. When
activated, whenever a user logs into AscendEX, they must enter a 6-digit code,
which is only available in the Google Authenticator app.
AscendEX has developed a comprehensive
electronic, administrative and calibration measures to ensure that all user
data is as secure as possible. It keeps most of its digital assets in cold
storage – some in a hot wallet to support the cash flow of the business
ecosystem.
Conclusion
The advantage of using Escentex is
that among its many services, it is a "one-stop-shop" for digital
assets ranging from basic trading to advanced investing, stocks, margin
trading, etc. It also offers options to earn great rewards through the site's
own token ASD. Although their trading fees are relatively competitive, they are
not cheap compared to some other transactions. In addition, they do not provide
insurance, so your finances may be at risk – that is, most transactions do not
provide guaranteed insurance for your assets.
Try AscendEX for yourself and see what
they have to offer! Below are our pros and cons:
the profit
Various services and activities to
choose from
Businesses hold large amounts of
digital assets
Multiple specific alternative currency
lists
easy to use interface
Liquid Mobile Application for
on-the-go convenience
There are many attractive stacking and
yield farming options to earn more with your crypto
Weaknesses
While they offer a wide variety of
options, it can be overwhelming – too many options.
Lack of variety when it comes to
staple coin pairings
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