With the booming development of the global digital asset market, the demand for convenient, secure, and low-cost conversion between fiat currency and digital assets continues to grow. To meet this demand, AscendEX has officially launched a new P2P trading feature aimed at providing global users with a more flexible, low-cost, and convenient digital asset trading experience. The launch of this new service not only strengthens AscendEX's competitiveness in the global market but also allows users to enjoy more efficient and secure trading services.
1. Multi-Currency Coverage, Multiple Fiat Currencies Supported, Empowering Global Users
AscendEX's newly launched P2P trading service supports various digital currencies (such as USDT) and multiple fiat currencies, covering the needs of markets around the world, especially major currencies in Southeast Asia, Africa, and South America, catering to the payment habits of users in different countries and regions. Through deep cooperation with Skypay, AscendEX has successfully accessed over 95% of global margin merchant resources, ensuring high-quality fiat liquidity and trading matching.
Compared to traditional third-party coin-buying platforms, AscendEX's P2P trading service has the following significant advantages:
1. Ultra-Low Fees
AscendEX P2P trading only charges a 0.5% cryptocurrency fee, greatly reducing trading costs, allowing users to enjoy lower fees while ensuring security.
2. More Fiat Currency Options
AscendEX supports various fiat currencies from regions such as Southeast Asia, Africa, and South America, providing localized payment methods for global users, significantly enhancing user convenience.
3. More Flexible Payment Methods
Users can choose from multiple payment methods for transactions, further simplifying the conversion process between fiat and digital currencies.
4. More Convenient Withdrawal Services
AscendEX offers users a fast fiat withdrawal feature, ensuring efficient fund flow to meet the needs of different users.
In addition, AscendEX has set a minimum order amount equivalent to 10 USDT, ensuring that users of different scales can trade flexibly on the platform.
2. Comprehensive Upgrade of User Experience: Intuitive Process, Efficient Operation
AscendEX prioritizes user experience in the design of its P2P trading platform, optimizing the trading process to ensure that users can operate easily and intuitively on the platform, with efficient and reliable transactions.
1. Quick Registration and Verification
The platform has simplified the registration process, allowing users to quickly start P2P trading by completing email binding, phone number verification, and KYC verification. Through this process, AscendEX ensures the identity and fund security of every user.
2. Flexible Filtering and Intelligent Sorting
In the P2P trading interface, users can quickly filter and select trading counterparts based on multiple criteria such as "fiat currency type" and "payment method." The platform intelligently sorts based on price: from low to high for purchases and from high to low for sales, ensuring users can complete transactions at the best prices.
3. Powerful Real-Time Messaging Communication Feature
The platform has a built-in real-time chat function, allowing buyers and sellers to communicate directly during the transaction process, ensuring information symmetry and avoiding any misunderstandings or issues during the transaction, enhancing transaction transparency and trust.
4. Comprehensive Visualization of Order Management Functions
Users can view the status of each transaction in real-time (such as "Pending Payment," "Pending Receipt," "Completed") and easily manage transactions through simple and intuitive buttons (such as "Confirm Receipt," "Submit Appeal"), avoiding any operational oversights.
3. Innovative Risk Control and Protection: Safeguarding Global Users
AscendEX understands the high importance users place on security and fairness in P2P trading, thus the platform has introduced comprehensive risk control mechanisms and appeal channels to ensure the safety of every user's funds and the fairness of transactions.
1. Digital Asset Custody Mechanism
AscendEX employs a custody mechanism that freezes the digital assets involved in user transactions on the platform, ensuring that funds are only released after both parties confirm payment completion, thus avoiding any form of fraud.
2. Appeal and Customer Support
Whether encountering disputes during transactions or payment delays, users can quickly submit appeals through the platform, and AscendEX's customer service team will promptly intervene to investigate and help users resolve issues, ensuring transaction fairness and transparency.
3. Real-Time Monitoring and Risk Control Management
The platform monitors the security of each transaction through a real-time risk control monitoring system, promptly identifying and addressing potential risks to protect users' funds.
4. How to Use AscendEX P2P for Trading?
The operation process of AscendEX P2P trading is simple and efficient. Users can easily complete digital asset transactions by following these steps:
1. Purchase Process:
(1) Place an Order
Select from all available quotes in the market, choose the digital currency you wish to purchase, and place an order. After placing the order, the purchased cryptocurrency will be held in custody by the AscendEX platform, ensuring transaction security.
(2) Pay the Seller
Make payment to the seller according to the payment method provided by the platform. After completing the fiat transaction, click "I have paid, notify the other party" to confirm payment.
(3) Receive Cryptocurrency
Once the seller confirms receipt of payment, the held cryptocurrency will be released to you, completing the transaction.
2. Sale Process:
(1) Place an Order
Select the digital currency you wish to sell in the market and place an order. After placing the order, the cryptocurrency will be held in custody by the platform, ensuring the security of the transaction for both parties.
(2) Confirm Receipt
Check the status of funds in your designated receiving account to ensure the other party has made the payment.
(3) Release Cryptocurrency
Once payment is confirmed, the platform will automatically release the held cryptocurrency to the buyer, completing the transaction.
5. Moving Towards the Global Market, Supporting Diversified Development
As the global cryptocurrency market continues to develop, AscendEX is constantly enhancing its global service capabilities and further expanding its presence in markets such as Southeast Asia, Africa, and South America by launching the P2P trading feature. In the future, AscendEX will continue to innovate, introducing more cross-border payment features, more fiat currency options, and payment methods to ensure an exceptionally smooth trading experience for global users.
About AscendEX
AscendEX (formerly BitMax) was established in 2018 and is headquartered in Singapore. It is a leading global cryptocurrency trading platform serving over 180 countries and regions. The platform offers a one-stop digital asset trading service, including spot, futures, leveraged trading, DeFi products, and staking, with a core focus on Meme coin trading, dedicated to providing global users with a secure, transparent, and efficient trading experience. Through continuous innovation and global market expansion, AscendEX has earned the trust of a wide range of users.
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