Best us crypto exchange 2021
Fiat currency cannot be deposited on the platform. A good part of staking products available on the platform is that there is no lock-in period.
An asset staked on the platform can be unstaked at any time. AscendEX maintains a liquidity pool that allows instant unbonding of assets and thus allows users to manage staked assets at their discretion. Further, these staked assets can be used as collateral for margin trading. The benefit of using AscendEX for yield farming is that a user does not need to pay any gas fee on his yield farming transactions.
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Further, DeFi yield farming protocols are generally tricky to understand for a beginner. Thus, AscendEX, with its user-friendly interface, manages all the backend processes and provides a seamless transaction experience to a user.
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The crypto-assets are required to be locked in for a specified period. The interest on the deposit amount is distributed once the particular lock-in period has expired.
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Generally, these products are available with 30 days, 90 days, and best us crypto exchange 2021 lock-in period. For more information related to AscendEX trading fees, you may click here.
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In addition to the trading fee, there is no fee for deposits on the platform. For withdrawal, the fee is variable depending on the crypto asset being withdrawn. For more information on this, click here.
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Even a beginner with basic knowledge of trades can efficiently process transactions on the platform. Further, the platform has a mobile application that is available for iOS and Android users.
The app has more than 50k downloads on the Google play store with a rating of 3. The rating seems to be lower than the industry standard, but in my testing, the app is featured rich and we could attribute a lower rating to the branding change or initial hiccups.
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Now, let us summarize the benefits best us crypto exchange 2021 possible limitations of AscendEX Exchange. Thus, allowing a user to make additional passive income on their crypto investment. The platform is in existence for over three years now and is known in the crypto space.
Further, the team is fairly active across various social media platforms. Therefore, I understand that the AscendEX exchange is a good choice for trading in crypto assets.
Please note that I am not a financial advisor, and this is not financial advice. DYOR before investing.
I hope this Ascendex review would help you in deciding whether you should use AscendEX Exchange or not. Let me know your feedback in the comments section and share this article with your friends and colleagues.
Subscribe to our newsletter for more such articles. No, U. Is AscendEX a good exchange? Yes, AscendEX is a secure exchange that provides a user with a variety of services.
In addition to the usual crypto exchange features, it offers many other features such as copy trading and passive income earning options.
Further, the founding team has substantial wall street experience. Who owns AscendEX?
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AscendEX is a crypto exchange owned by a privately held company based out of Singapore. So far, the company has gone through three rounds of funding which was fulfilled by various VC firms.
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What happened to BitMax? The exchange was predominantly serving Chinese users.
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In order to cater to a global population, in Marchthe exchange incorporated various foreign languages to its platform and rebranded itself as AscendEX. AscendEX Resources.