ascendex crypto exchange buy crypto with leverage

Crypto exchange AscendEX — formerly known as BitMax — has been hacked for an estimated $77.7 million. That's according to the exchange, which acknowledged the hack, and security researchers PeckShield who have estimated its losses. " We have detected a number of ERC-20, BSC, and Polygon tokens transferred from our hot wallet. Cold Wallet is NOT affected. AscendEX: Cryptocurrency Trading Platform | Bitcoin & Crypto Exchange A Global Digital Asset Trading Platform Buy and sell BTC, ETH, LTC, DOGE, and other altcoins Get Started FIL Deposit & Withdrawal Resumed on AscendEX （01-10） More Pollen DeFi (PLN) Is Listed On AscendEX! Trade Now! （01-10） More What Is Leverage in Crypto Trading? (A Simple Explanation . Crypto Exchange AscendEX Suspends Services After $77 Million . Best Crypto Platforms For Leverage Trading. 1. FTX. FTX is a well-established and reputable cryptocurrency trading platform for leverage trading. The exchange has surged in popularity in recent . 2. Bybit. 3. Binance Futures. 4. Huobi. Ascendex Hacked — Exchange Loses $77 Million in ERC20, BSC . 6 Things to Know Before You Buy Leveraged Tokens What Is Leverage In Crypto Trading BITLEVEX A leveraged crypto token allows you to take a leveraged position in a cryptocurrency, which means your gains or losses are multiplied. For example, a token called 3X Long Ethereum Token (ETHBULL) triples the profits of a Ethereum investment. So if Ethereum increases by 1%, its value increases by 3%. It works the same if Ethereum drops in price. AscendEX: Cryptocurrency Trading Platform Bitcoin & Crypto . Margin Trading Cryptocurrency Leverage Your Trades Up To 5x . Crypto Exchange AscendEX Hacked, Losses Estimated at $77M Crypto exchange AscendEX hacked for $78 million in latest swindle Crypto Margin & Leverage Trading in the USA Guide #1 in Security Gemini Crypto - The Safest Place to Buy Crypto 6 things to know before buying leveraged crypto tokens . For investors, leverage in crypto trading is the “firm spot”. With a lever you can lift anything, provided the spot is firm enough. In the market, it is common to “throw a sprat to catch a herring”. With unleveraged crypto trading, you would need to invest $10,000; that’s a considerable amount more. However, if your stocks go up, your profit margin is exactly the same. In other words, with leverage trading Bitcoin, much less capital is required up front to make the exact same profit. AscendEX Exchange Loses $77.7M in Latest Crypto Hack With the power of Kraken’s advanced trading engine, you can use extensions of margin from Kraken to buy (go "long") or sell (go "short") a variety of cryptocurrencies with up to 5x leverage. Spot trading with and without the use of margin. The Kraken Trade Engine. lets you magnify your trades. AscendEX: Bitcoin Exchange - Apps on Google Play Buy Bitcoin & Crypto Instantly - The Safest Place to Buy Crypto Leverage trading: What, Why, How? Ledger The AscendEX crypto exchange was hacked for $77.7 million due to a compromised hot wallet. AscendEX Will Compensate Affected Users. Singapore-based AscendEX was hacked. On Saturday, centralized crypto exchange AscendEX reported that a significant sum of crypto tokens was illegitimately transferred from its platform. Investing with crypto and leverage can increase profits and losses, therefore I recommend you always use a stop loss to protect your downside. If you plan on trading bitcoin but don’t own any BTC yet, consider out guide on the cheapest ways to get bitcoin before starting. AscendEX is – like so many other exchanges – from Singapore. The platform launched on 22 March 2021, after a name change from BitMax. AscendEX today supports trading in a quite decent number of cryptocurrencies. You can find all of the biggest ones here, and the platform has 190+ trading pairs and 40 different margin trading pairs. AscendEX Team With leverage, you are basically borrowing money from the broker to make a better investment deal with your money. Say you want to buy 1000$ worth of Bitcoin but you don’t have the money. You can use a “10 to 1” leverage rate and get that $1000 worth of BTC with just $100, which is that 10th part of the deal or, the so-called “margin” in trading. AscendEX – Reviews, Trading Fees & Cryptos (2022) Cryptowisser Leverage & Margin Trading Cryptocurrency eToro Updated Dec 13, 2021 at 9:02 p.m. PST. (Shutterstock) Cryptocurrency exchange AscendEX suffered a hack for an estimated $77 million following a breach of one its hot wallets. UPDATE (Dec. 14, 05 . A Global Cryptocurrency Exchange Backed by a Team of Financial Professionals Launched in 2018, AscendEX is a leading global digital asset financial platform founded by a group of Wall Street. Use those funds to buy a cryptocurrency you'll transfer. Stablecoins, such as USD Coin (USDC), are a common choice. Transfer your crypto to an exchange with leveraged tokens, such as KuCoin or. Leverage in crypto trading – Winning trade example Let’s say you have $100 dollars deposited on a crypto exchange: You choose to use X5 leverage to buy Bitcoin at $36.000. Leverage gives you the power to buy $500 worth of BTC at that price. The market moves in your favor and Bitcoin’s price rises 15%. The AscendEX hack is the second crypto exchange hack in the last week. Hackers on Dec. 5 transferred about $196 million of tokens from crypto exchange Bitmart after stealing a private key that. 9 Best Crypto Platforms For Leverage Trading (2022 . Ascendex, a cryptocurrency exchange, suffered a security breach that allowed hackers to take control of some of the wallets of the exchange. The attack focused on hot wallets, where funds are kept as a buffer to tend to customers’ withdrawals. The company announced that it would reimburse these funds to any affected user.