What’s the best coin to swap for usdx for the

Usdx is only available on AscendEX but you wont be able to pick up more than a few thousand. You could buy a little on each pool or but in stages, i.e buy 10k then wait an hour or two the market will tend to drag the price back a little so you can buy done more at a similar price

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27.06.2022

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CryptoDaz (Darren)
Usdx is only available on AscendEX but you wont be...

Is AsendEX a trusted exchange? Many people call it AscamdEX. I am a bit afraid to do it there.

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27.06.2022

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Are they to be trusted?

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27.06.2022

Alex

Я
Are they to be trusted?

I would encourage you to follow Darren's suggestion

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27.06.2022

Alex

CryptoDaz (Darren)
Usdx is only available on AscendEX but you wont be...

👆

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27.06.2022

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Alex
I would encourage you to follow Darren's suggestio...

Depositing and buying in steps?

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27.06.2022

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But the slippage is too big. If I buy 100k i would pay 7%. It wouldn’t make any difference if i buy it straight away or buy in steps on swap since the the percentage will pile up the more I buy. In the end it will be the same.

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27.06.2022

CryptoDaz (Darren)

Я
But the slippage is too big. If I buy 100k i would...

No you wouldn't assuming the price move back down In the case of Kava by swapping to USDX you are dropping the price of Kava on KavaSwap, but if the KavaSwap price is lower than ther CEX's then arbitrage will bring the pool and CEX prices back to be aligned you can than swap again and keep repeating in the case of BUSD this doesn't have quite the same mechanism ot equalize as there is only a single CEX, but if users feel the current market price is no more than 95c and there are users willing to swap USDX back to BUSD at any price above 95-95c then you buying 20,000 USDX moves the USDX price up to 95.7c cents, there is a good chance this will fall back to 95c within a few hours, so you could buy another 10,000 USDX. If you were to try and buy 150,000 USDX in a single tx you would push the price to $1.06 and other would take advanatage and bring it back closer to 96c-97c, but if you did just 10k per day you could accumulate a large amount without over paying The Swap fee is just 0.15%

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27.06.2022

CryptoDaz (Darren)

Я
Are they to be trusted?

As far as I know they are a trustworthy exchange, formally known as bitmax (as far as any exchange can be trusted outside of Binance)

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27.06.2022

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CryptoDaz (Darren)
No you wouldn't assuming the price move back down ...

What would be the smartest way and best place to buy if i were to buy 150k Usdx? I mean in terms of the safest place and least fees paid over all.

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27.06.2022

CryptoDaz (Darren)

Я
What would be the smartest way and best place to b...

I would buy 10k USDX with Kava on KavaSwap and 15K USDX from the BUSD pool on KavaSwap, maybe 4K USDX with BTC then wait and repeat several hours later or even the next day, this gives no more than 1.1% price impact

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27.06.2022

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Thanks 🙏🏻 and you don’t recommend using AscendEX at all? Any specific reason for that?

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27.06.2022

CryptoDaz (Darren)

Я
Thanks 🙏🏻 and you don’t recommend using AscendEX a...

Liquidity is very low, you might be able to pick up 2-3k but certainly not 20-30k without clearing the orderbook

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27.06.2022