AscendEX Token (ASD) is a functional utility token native to the AscendEX platform, a global digital asset financial platform. ASD token holders are entitled to various benefits, including fee discounts, staking opportunities, and access to investment products. The token is used as a unit of exchange for services and operations on the platform, and its total supply is capped at 743 million tokens, with a significant portion already in circulation. ASD is designed to provide convenience and security as a mode of settlement and payment within the AscendEX ecosystem.
The AscendEX Token (ASD) is a functional utility token designed for use within the AscendEX platform, a global digital asset trading platform. ASD token holders can utilize the token for various services and operations offered by the platform, including spot, margin, and futures trading for over 200 blockchain projects. The token serves as a unit of exchange for participants on the network, providing convenience and security in settlements and payments between network participants. Additionally, holding ASD tokens entitles users to fee discounts on transactions within the network and staking opportunities.
To store AscendEX Token (ASD) tokens, you have two primary options:
Store on an Exchange: You can hold your ASD tokens in your KuCoin account. This provides quick access to trading products, such as spot and futures trading, staking, lending, and more. KuCoin serves as the custodian of your crypto assets, ensuring security and convenience.
Non-Custodial Wallets: For enhanced security and control, you can withdraw your ASD tokens to a non-custodial wallet. This grants you complete control over your private keys. You can use hardware wallets, Web3 wallets, or paper wallets. However, this option may be less convenient if you wish to trade your ASD tokens frequently.
To buy AscendEX Token (ASD) tokens, follow these steps:
Create an Account:
- Sign up on a centralized exchange like KuCoin or AscendEX (BitMax) using your email address, mobile phone number, and country of residence.
- Create a strong password to secure your account.
Secure Your Account:
- Set up Google 2FA code, anti-phishing code, and trading password for stronger protection.
Verify Your Account:
- Verify your identity by entering personal information and uploading a valid Photo ID.
Add a Payment Method:
- Add a credit/debit card or bank account after verifying your account.
Buy ASD:
- Use a variety of payment options to buy ASD on the exchange. For example, on KuCoin, you can buy stablecoins like USDT and then transfer them to a trading account to purchase ASD.
Choose Trading Pairs:
- Select the desired ASD trading pairs, such as ASD/USDT, and complete the purchase using your chosen payment method.
Monitor and Analyze:
- Keep track of the live price of ASD and perform both fundamental and technical analysis before trading to assess your risk tolerance.
Additional Options:
- If you prefer to use PayPal, you can purchase ASD on another trusted platform and then transfer the funds to KuCoin to buy ASD on the KuCoin Spot Market.
By following these steps, you can easily buy and manage your ASD tokens on a centralized exchange.
