How to buy AscendEx Token (ASD) in Australia

A beginner's guide to buying and selling ASD in Australia.

AscendEx Token
-$0.01 (-3.36%)

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How to buy AscendEx Token

Look for an exchange that supports both fiat and cryptocurrency to simplify buying AscendEx Token.

  1. Open an account on an exchange that supports ASD.
    Jump to our table to compare popular options — just remember that most exchanges require an email address, phone number and proof of ID to register.
  2. Deposit funds into your account.
    Fund your account with a bank transfer, pay with a credit or debit card or deposit cryptocurrency from a crypto wallet to buy AscendEx Token.
  3. Buy AscendEx Token.
    Complete your AscendEx Token purchase and then find the best wallet to store ASD.
Disclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

What is AscendEx Token?

ASD is a utility token native to AscendEx cryptocurrency exchange (recently rebranded from its original name BitMax). AscendEX is a Singapore-born exchange that offers a range of features including margin trading, futures contracts and a copy trader feature similar to eToro. As a ASD token holder, the main benefit you get is access to reduced transaction fees. For example, if you hold 20,000 ASD tokens you will be eligible for a 25 per cent discount on trading fees. You can also also use ASD to get priority access to new listings on AscendEX and to purchase Airdrop and Investment Multiple Cards which increase token rewards from airdops or BitTreasure, one of the platform’s investment products. The token can also be staked for rewards through a process known as Transaction Mining.

AscendEx Token (ASD) is the 164th largest cryptocurrency in the world by market cap, valued at $262,569,627. The current price of AscendEx Token is $0.353012, which is -0.010% lower than yesterday. Prices have ranged between $0.367824 and $0.350537 over the past 24 hours. All prices are listed in US dollars and accurate as of August 04, 2021 03:08 UTC.

Where to buy AscendEx Token

Find an exchange to buy, sell and trade ASD by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the provider.

AscendEx Token at a glance

Information last updated August 04, 2021 03:08 UTC.
Coin symbolASD
Total ASD supply743,798,994
Circulating ASD743,798,994
Current priceUS$0.353012
All time high dateDecember 10, 2018
Token usesUtility token

AscendEx Token price performance over time

Historical prices compared with the price of US$0.353012.

1 hour -2.73%
24 hours -0.01%
7 days 0.13%
14 days -2.84%
30 days -0.77%
60 days -1.51%
200 days -3.61%
1 year -20.73%

How to sell AscendEx Token

You can cash out your ASD with the same exchange you bought it through:

  1. Sign in to the exchange you have ASD on.
    If you store your AscendEx Token in a digital wallet, compare crypto exchanges to sell it on.
  2. Place a sell order.
    Choose the amount of ASD you'd like to sell.
  3. Complete your transaction.
    Confirm the sell price and fees and close your sale of AscendEx Token.

What to consider when buying AscendEx Token

Investing in cryptocurrency can carry risks, especially when investing in new cryptocurrencies. ASD was launched in 2018 and is native to the AscendEX exchange, which means there are benefits for holding ASD when trading on the exchange. Here are some of the factors to keep in mind before investing:
  • Transaction fee discount. One of the main benefits of being a ASD holder is the access you get to transaction fee discount. ASD has a tiered fee structure which means the more ASD tokens you hold, the higher percentage of fee discount you will be eligible for. For example, as a holder of 5000 ASD tokens you will be eligible to a 10% discount, but as a 100,000 ASD holder you will be eligible to a 40% fee discount.
  • Staking. As a ASD holder you can lock your ASD to receive rewards at a variable interest rate. With ASD there is no minimum amount of ASD required for staking in order to receive reward distribution, there is no lock-up period for staking ASD and users can redeem staked ASD at any time.

Disclaimer: Cryptocurrencies, including AscendEx Token, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of ASD is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the AscendEx Token or any other cryptocurrency discussed.

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