How to buy AscendEx Token (ASD) in Australia
A beginner's guide to buying and selling ASD in Australia.
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How to buy AscendEx Token
Look for an exchange that supports both fiat and cryptocurrency to simplify buying AscendEx Token.
- 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.
- 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.
- Buy AscendEx Token.
Complete your AscendEx Token purchase and then find the best wallet to store ASD.
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 143rd largest cryptocurrency in the world by market cap, valued at $266,758,706. The current price of AscendEx Token is $0.358939, which is -0.005% lower than yesterday. Prices have ranged between $0.371444 and $0.349728 over the past 24 hours. All prices are listed in US dollars and accurate as of June 23, 2021 04:06 UTC.
Where to buy
Unfortunately, at this time no major exchanges offer this coin. However, you may be able to purchase it with another cryptocurrency, just be sure you're following all legal restrictions and requirements.
Consider buying a different cryptocurrency after comparing popular exchanges.
AscendEx Token at a glance
|Total ASD supply||743,798,994|
|All time high date||December 10, 2018|
|Token uses||Utility token|
AscendEx Token price performance over time
How to sell AscendEx Token
You can cash out your ASD with the same exchange you bought it through:
- 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.
- Place a sell order.
Choose the amount of ASD you'd like to sell.
- Complete your transaction.
Confirm the sell price and fees and close your sale of AscendEx Token.
What to consider when buying AscendEx TokenInvesting 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.
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