The most popular platforms with the highest liquidity are CoinBase Pro, Binance, and MEXC GLobal. The price of ASD will vary depending on the choice of exchange and overall market conditions. For up-to-date and historic data for ASD market price, please view the price charts on this page.
FTX strives to deliver a platform that is strong enough for professional traders and is easy to use for beginners. Here, we will show you how to buy your first BitMax Token on FTX. A limit order is an instruction to trade at the best price available, but only if it is no worse than the limit price specified by the trader. For buy orders, the trade price must be at or below the limit price. For sell orders, the price must be at or above the limit price.
Limit orders are rest on the order book and therefore provide liquidity to the market. The limit order remains open until executed against a trader that removes the liquidity. Let’s look at how to execute a simple order on the trading platform. An Order Book refers to the list of open orders arranged at different prices.
Live Coin Watch
Complete cryptocurrency market coverage with live coin prices, charts and crypto market cap featuring coins on 737 exchanges. People want ASD tokens because of the incentives they provide within the AscendEx exchange. You can lower trading fees and be well-positioned to take advantage of new listings on the same exchange platform. Also, this means that the people who want to have these coins believe in the future of the project and see it as a good opportunity to make a profit for themselves. ASD can be stored on any appropriate software or hardware wallet, but do keep in mind that the hardware ones are safer and also more expensive. The exchange platform you prefer using can also be used as a storage option as long as it supports ASD.
- The token also holds certain incentives which include increased token rewards and they can be staked to allow the holders to earn extra rewards through the Transaction Mining process.
- This is all probably because some cryptocurrencies have had a huge increase in price in the last several years.
- In this case, you can simply swap ASD for a digital asset with better liquidity and then swap those for EUR, GBP, USD, or any other supported currency with ease.
- Let’s look at how to execute a simple order on the trading platform.
- AscendEx has an iOS and Android supported app, as well as a website where users can conveniently access its core products.
This also refers to the market depth, which can give you a sense of the market’s liquidity, i.e., how much can you buy before your orders start affecting the market price of the asset. There are around 720 ASD holders, but the top 100 of them hold about 99% of all tokens in supply. The holder is anonymous currently, but his crypto address is not. A pop-up window will appear showing the deposit wallet address. You can access it from any computer browser or your mobile phone using their dedicated iOS or Android app.
ASD community
If you go through an exchange platform, the money will go to the exchange itself. If you use a peer-to-peer transaction, the money will go to the coin holder who sold you ASD. Industry average has for a long time been 0.25% but we now see many exchanges moving towards lower trading fees (0.05%-0.15%).
You can also toggle in between your crypto, leveraged tokens, and fiat balances. Trade History shows all the trades that occurred within the asset’s market by traders across BitMax.io’s userbase. To check ASD’s price live in the fiat currency of your choice, you can use Crypto.com’s converter feature in the top-right corner of this page. Usually every time halving happens in the crypto world, the price of the coin goes up. This is simply due to the fact that the supply decreases and demand for the coin goes up leading to a source in the price.
How to Trade on BitMax.io
For the purpose of this guide, we will be showing you how to set up your account using your computer. We recommend that you use incognito mode on Google Chrome for the best performance. If you are new to crypto, use the Crypto.com University and our Help Center to learn how to start buying Bitcoin, Ethereum, and other cryptocurrencies. Since October 23, 2019, the exchange has implemented a new smart contract solution, and total supply decreased from 1 billion to 787,683,613, that’s very good in terms of tokenomics. Users can view and copy the trading decisions of any one of their choice.
AscendEx Token Quarterly Returns (USD)
Make sure that you are aware of what you need before choosing the right one for you. Investing in digital assets is risky, so invest only what you can afford to lose. The AscendEX Earn central hub offers a variety of earn types https://cryptolisting.org/blog/how-do-you-calculate-a-payback-period and opportunities for investment. AsecndEX Earn allows traders to fully maximize returns and earn APR-based yields. Users can take part in staking, yield farming, as well as liquidity mining by leveraging their assets.
You can cash out ASD through any of the exchanges which support the token, but know that not all of those exchange platforms may allow you to exchange them directly for fiat currency. In this case, you can simply swap ASD for a digital asset with better liquidity and then swap those for EUR, GBP, USD, or any other supported currency with ease. The peer-to-peer transaction would be a faster way for you to cash out your ASD tokens as it doesn’t require a middleman. In this transaction, you would send the tokens to another individual’s crypto wallet and they would transfer an agreed amount in fiat currency to your bank account. ASD can be bought on several exchange platforms that support it, including its native AscendEx platform. Most of the platforms allow the users to buy these tokens with fiat currency, while some might require you to swap another crypto asset for them.
Bitmax is an innovative automated market maker (AMM) — a decentralized finance (DeFi) application that allows users to exchange tokens, providing liquidity via farming/staking and earning fees in return. BitMax introduced their volatility cards, a volatility-linked derivative product. The volatility cards allow users to effectively forecast and trade-off 24-hour price fluctuation of the underlying major coins in a simple and easy-to-understand structure. We will dive deeper into this and BitMax’s other financial products in Part Two of our series. Yes, you will be able to start investing in ASD with an amount of $50. There is a minimum amount you can invest in digital assets which varies from one exchange platform to another, but it is usually lower than $25.
Assets that are currently supported include USDT, BTC, ETH, ATOM, KAVA, and CSPR. BitMax.io currently lists 82 assets, and offers access to over 191 trading pairs. Before entering the cryptocurrency industry, Mr. Molidor served as a technology consultant at IBM. Prior to joining Barclays, he researched and traded U.S. equity as a Portfolio Manager at Knight Capital Group. Mr. Cao gained professional experience in structured financial products while working for Cohen & Co supporting the issuance of $40 billion in structured financial products (Structured Finance Product).
Only to this if you believe that this is a token that will take off, but remember the volatility surrounding cryptocurrencies, no expert can predict what will happen with 100% accuracy. The project has appealed to both experienced traders and those who have never traded using blockchain technology. This means it will always be an attractive option for traders, especially since they offer a wide range of services. Their Copy Trading option is something that drives the appeal of the platform to the traditional traders who are looking to make a jump into crypto trading. The future of the project and its token is tied to the ability of their development team to find new use cases and new partnerships moving forward. Keep in mind, however, that the crypto world is highly volatile, so it is no surprise that the experts are divided on the future of the network itself.
