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How to Use Staked Assets to Trade on Margin [PC]
Publish on 2020-10-21
AscendEX supports staked assets to be used as collateral for margin trading, meaning, users can transfer their staked digital assets to their margin accounts to trade on margin. Before engaging in margin trading, users need to transfer their staked assets from their investment accounts to their margin accounts. Please see below for the detailed steps.
1.Transfer from the Investment Account
1) Open AscendEX’s website, click on “Finance” in the upper left corner of the homepage and select “AscendEX Earn” in the dropdown menu.
2) On the “AscendEX Earn” page, click on “My Positions”.
3) Enter the “Investment Account” page, view the project list to find the desired staked asset and click on “Transfer”.
4) After navigating to the fund transfer page, select the transfer direction – from “Investment” to “Margin”, and click the dropdown button on the right of the token field to select the desired staked asset (Please note: staked assets will be displayed as “Token-S” in your account, like “BTC-S”) before entering the transfer amount. You can also refer to the available amount for the transfer of the selected token and click on “All” on the right to transfer all available assets with one click. Click on “Confirm” to the complete the transfer.
5) Check your recent transfer history to confirm the asset you transferred has been credited. You can directly jump to start trading on margin with the staked assets you transferred on the margin trading interface. Please read How to Start Margin Trading on AscendEX (PC) to learn more details about margin trading.
2.Transfer from the Margin Trading Interface
1) Open AscendEX’s website, click on “Trade” in the upper left corner of the homepage and select “Margin Trading” in the dropdown menu (Take the standard margin trading interface as an example).
2) On the margin trading interface, click on “Transfer” in the upper right corner of the margin summary area.
3) In the popup window, select the transfer direction – from “Investment” to “Margin”, and click the dropdown button on the right of the token field to select the desired staked asset (Please note, staked assets will be displayed as “Token-S” in your account, like “BTC-S”) before entering the transfer amount. You can also refer to the available amount for transfer of the selected token and click on “All” on the right to transfer all available assets with one click. Click on “Confirm” to the complete the transfer.
4) Check the margin summary to confirm the asset you transferred has been credited. You can directly jump to the margin trading interface to start trading on margin with the staked assets you transferred. Please read How to Start Margin Trading on AscendEX (PC) to learn more details about margin trading.