AscendEX (BitMax) is a cryptocurrency exchange based in Singapore, launched in 2018 with the name Bitmax. The platform was rebranded in March 2021, the company announced a new company name. It stated that the new name and logo reflected the team’s belief in the bright future of cryptocurrency and there is an ascending trend in the market. The change of name was effected to help the public avoid confusion with Bitmex, a different crypto exchange established in 2014.
Wall Street investors built AscendEX with over a century of experience to be a full-stack cryptocurrency financial platform; the team offers simple solutions for those investing, trading, and earning. The core members of the AscendEX team are highly experienced in finance and close spheres. By the 17th of November, 2021, the exchange reached the 16th position in terms of daily trading volumes, which was about $190 million.
AscendEX team believes they offer investors, the platform to experience all levels that makes their crypto ascend better. They offer simple crypto solutions and friendly support to customers, helping the users to invest, trade, earn and manage their assets with confidence. The crypto exchange platform has about 1 million registered traders.
How to Create an account and verify KYC on AcendEX
The following steps carefully highlight how to create and verify an account on AscendEX
Step 1
Go to Ascend on the AscendEX website.
In the top right corner of the screen click “Sign Up”. Or if you want to register a corporate account, click on “Institutional Sign Up”.
Step 2
Enter your details and verify the account.
On the next page, you have options to verify the registration of your account either by email or phone. Fill out the necessary information. Click “Next”.
Step 3
It is when you will verify your contact details.
To verify your contact details, enter the security code sent to your phone message or email.
Step 4
This is for ID verification.
After the verification of your contact details, the account is registered, but to access the full features on AscendEX, you are expected to verify your ID. To do so, you have to use any form of government-issued ID. It can be done either by uploading the ID on the AscendEX website or mobile application.
Basic features of AscendFX
AscendEX offers many features, crypto can be bought on the Buy Crypto tab. Several service providers supported on Ascend include Mercuryo, Banxa, Simplex, and Moonpay. Other available payment methods are VISA/Mastercard, Apple pay, GooglePay, SWIFT, and SEPA.
To instantly convert one digital currency to another, use the Convert feature that can be accessed in the Trade section of the main menu. Converting is free of fees, it also matters based on the conversion rates, and there is a chance that the fees are hidden. The list of digital coins to be found in AscendEX is many.
The main trading functionality is found in the market section of the website, where all cryptocurrencies are being traded.
Is AscendEX safe
Before depositing your money to any exchange platform, ensure it is legit, and safe from risk. Try to scrutinize the platform in terms of security, no matter how popular and big liquidity it has. Learn to read user reports online before registering or investing too. Check the platform’s measures for security to protect your account and know the importance of the platform having 2-factor authentication features.
For AscendEX, there are few negative reports from its users online. Another reason to trust the platform is that the core team members of AscendEX are known publicly. Unlike other shady exchanges, the team members revealed their names and faces.
AscendEX (BitMax) protects its users’ money and information by first, enlightening their users on the importance of activating 2-factor authentication which is mandatory and supported for all traders. Without the 2-FA, you cannot start trading, this is to ensure you are fully protected. Your account is unreachable to those who do not have your mobile device because only the user’s device can generate the 2FA.
Furthermore, there’s an anti-phishing code attached to every message, any message without this code is not authentic. You can also freeze your account when you suspect any hacker with one click.
