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How to buy AscendEx (ASD) in Canada

Learn how to buy AscendEx (ASD) in our step-by-step guide.

Where to buy AscendEx in Canada

It looks like ASD may not be available to purchase on an exchange in Canada.

You can still purchase ASD by using a decentralised exchange (DEX) instead. Decentralised exchanges are web applications that run on blockchains like Ethereum and allow users to trade any asset directly with one another.

Decentralised exchanges (DEX) are unregulated and run using autonomous pieces of code known as smart contracts. To use a DEX you must interact with the blockchain directly, which is not recommended for novice users. Please learn about decentralised exchanges first if you're unfamiliar.

How to purchase ASD using a decentralised exchange.
  1. Find ASD on a decentralised exchange and make sure AscendEx can be traded for ETH which is the native asset of Ethereum. Popular DEXs include Uniswap, SushiSwap and 1INCH.
  2. Buy ETH to trade for ASD using an exchange like Ndax. You will need to purchase enough ETH to swap for ASD as well as ETH to pay for transaction fees on the Ethereum network (known as gas). You can use a service like Etherscan to get an idea of how much gas fees currently cost.
  3. Transfer the ETH into a web 3.0 wallet like MetaMask to connect to the DEX.
  4. Trade ETH for ASD on the DEX of your choice, following the instructions on screen. Make sure to leave enough ETH in your wallet to pay for gas.
  5. Wait for the transaction to finalise and the ASD tokens will arrive in your wallet.
  6. You may now keep the tokens in your web 3.0 wallet or transfer them somewhere more secure like a hardware wallet.

You can follow the same process when you want to sell your tokens, or come back to this page to see if they can now be traded on an exchange in Canada.

Best AscendEx wallets to store your ASD

You can keep your ASD on the exchange you purchased it on, or move it to a personal wallet:

  • Some people like to use their own wallets to guarantee total ownership over their assets, or to use them with other applications like DeFi services.
  • Hardware wallets are typically considered to be the safest type of cryptocurrency wallet, as they use a physical device to enhance security in a number of ways. You can take a look at some of our top hardware wallet picks for self-custody of your ASD below.

Ledger Nano X Wallet

Trezor Model T Wallet

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Supported assets

5,500+

Supported assets

1,317+

Price (USD)

$149

Price (USD)

$186

Recent AscendEx developments

December 2021: AscendEx was subject to a major attack, with $77 million worth of ETH, BCH and other tokens stolen from the exchange. AscendEx has pledged to compensate all affected parties.
Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

Is AscendEx a good investment?

Investing 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.
  • Past attack. AscendEX exchange was hacked in December 2021, with over $77 million worth of cryptocurrency stolen from the platform's hot wallets.

Today's AscendEx price versus ATH

Compare today's price of AscendEx ($0.067773 USD) against its all-time-high price of $3.26 USD on 27 March 2021. The closer the bar is to 100%, the closer ASD is to reaching its ATH again.

AscendEx's price: $0.067773
ATH date: March 27, 2021
2.08%

AscendEx ATH: $3.26


How to trade, convert or sell AscendEx

You can convert or sell your ASD with the same exchange you bought it through:
  1. Sign in to the exchange you have ASD on.
  2. If you store your AscendEx in a digital wallet, compare crypto exchanges to convert or sell it on.
  3. Choose Sell or Convert and place a sell order.
  4. Choose the amount of ASD you'd like to convert or sell.
  5. Confirm the sell price and fees and close your sale of AscendEx.
  6. Complete your transaction and move your ASD to a wallet for storage.
  1. Data by CoinGecko

Disclaimer: Cryptocurrencies, including AscendEx, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of ASD is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the AscendEx or any other cryptocurrency discussed.

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