1. Open AscendEX App, visit [Homepage] – [Trade] – [Margin].

You need to first transfer assets to Margin Account before trading. Click on the grey area under the trading pair to visit Margin Asset page.

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2. Note: AscendEX Margin Trading adopts cross-asset margin mode, which means users can transfer any asset to Margin Account as collateral, and borrow multiple types of asset simultaneously against the same collateral.

Under this mode, all assets in your margin account can be used as collateral to mitigate risk of unnecessary liquidation and potential losses.

 

3. You can purchase point card or transfer assets on the Margin Asset page. Take asset transfer as an example, click on [Transfer].

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4. You can transfer BTC, ETH, USDT or XRP to Margin Account, then all account balance can be used as collateral.

A. Click on the inverted triangle button to select [Cash Account] and [Margin Account] (users can transfer between Cash/Margin/Futures accounts).

B. Select the token you would like to transfer.

C. Enter a transfer amount.

D. Click on [OK] to complete the transfer.

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5. When the transfer is completed, you can select a trading pair to start Margin Trading.

 

6. Click on the symbol to choose from BTC/ETH/USDT trading pairs. Assume you want to place a limit buy order to trade BTC/USDT.

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7. If you expect BTC price to go up, you can borrow USDT from the platform to long/buy BTC.

A. Click on [Buy] and [Limit Order], enter an order price.

B. Enter an order size. Or you can select a size by clicking on one of the four options below (25%, 50%, 75% or 100%, representing a percentage of your max buy). The system will automatically calculate the total trading volume (Total).

C. Click on [Buy BTC] to place the order.

Steps to place a market buy order are pretty similar except that you don’t need to enter an order price, since market orders are filled at the current market price.

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8. To close out the limit/market buy order, you can simply place a limit/market sell order.

 

9. Take limit sell order as an example.

A. Click on [Sell] and [Limit Order].

B. Enter an order price.

C. Click on [Unwind All] and [Sell BTC]. When the order the filled, your position will be closed.

 

To close out a market buy order, click on [Unwind All] and [Sell BTC].

AscendEX Margin Trading allows users to borrow and repay margin loan directly through trading, thus removing the manual request process.

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10. Assume now you want to place a limit sell order to trade BTC/USDT.

 

11. If you expect BTC price to go down, you can borrow BTC from the platform to short/sell BTC.

A. Click on [Sell] and [Limit Order], enter an order price.

B. Enter an order size. Or you can select a size by clicking on one of the four options below (25%, 50%, 75% or 100%, representing a percentage of your max buy), and the system will automatically calculate the total trading volume (Total).

C. Click on [Sell BTC] to place the order.

 

Steps to place a market sell order are pretty similar except that you don’t need to enter an order price, since market orders are filled at the current market price.

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12. To close out the limit/market sell order, you can simply place a limit/market buy order.

 

13. Take limit buy order as an example.

A. Click on [Buy] and [Limit Order].

B. Enter an order price.

C. Click on [Unwind All] and [Buy BTC]. When the order the filled, your position will be closed.

To close out a market buy order, click on [Unwind All] and [Buy BTC].

AscendEX Margin Trading allows users to borrow and repay margin loan directly through trading, thus removing the manual request process.

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(Open order of margin trading will lead to the increase of Borrowed Asset even before the order execution. However, it will not affect the Net Asset.)

Interests of margin loan are calculated and updated on user’s account page every 8 hours at 0:00 UTC/8:00 UTC/16:00 UTC/24:00 UTC. There’s no margin interest if user borrows funds and repays the loans within the 8-hour settlement cycle.

Interest portion will be repaid prior the principal portion of the loan.

 

Notes:

When the order is filled and you are worried that the market might move against your trade, you can always set a stop loss order to mitigate the risk of forced liquidation and potential losses. For further details, please refer to How to Stop Loss in Margin Trading [App].