AscendEX

What is AscendEX?

AscendEX, like many other exchanges, is based in Singapore. The platform launched on 22 March 2021 after its previous incarnation, BitMax, was rebranded. Today, AscendEX supports trading in a number of cryptocurrencies, including the most popular ones. You can find all of the biggest ones here and there are 190+ trading pairs and 40 different margin trading pairs on the platform.

Mobile Support

Desktop computers offer the best conditions for crypto trading. The trading chart can be displayed on a larger screen, and more information crucial to making trading decisions can be viewed at the same time. However, not all crypto investors require desktops for their trading; some prefer to do their crypto trading via their mobile phone. If you are one of those investors, you’ll be happy to learn that AscendEX’s trading platform is also available as an app for iPhone and Android users.

Leveraged Trading

AscendEX offers leveraged trading, meaning that you can borrow money from the exchange to buy crypto. The interest rate depends on the trade but can apparently be as low as 3.65% per year (0.01% daily). Leveraged trading can be profitable, but it also carries with it some risk.

US-investors

AscendEX does not allow US-investors on its exchange. If you are from the United States and would like to engage in cryptocurrency trading, you will have to look elsewhere.

Deposit Methods

AscendEX has partnered with Simplex, a European payment processing company, to provide credit/debit card payment solutions on the platform. Through Simplex, users can now easily buy digital assets using a VISA or Mastercard (all cards accepted). Deposits through Simplex are usually fast (10-30 minutes), but there are fees involved with this service. To our knowledge, you need pay 3.50% on the deposited amount to use the Simplex service.