Aster DEX Usage and Trading Preparation

In the article below, I will explain Aster DEX's wallet connection, deposit, withdrawal methods, the 1001x usage, and its pros and cons. You can check the overall usage methods. If you have not yet connected your wallet or deposited funds, please refer to the link below.

• Aster DEX Usage Guide: Summary of 8 Advantages

If you have not yet registered a referral on your wallet, you can click 'Redeem invite code' below to get a $10\%$ discount on trading fees. If you use multiple wallets, you must register them individually, even if it is bothersome.

AsterDEX 10% Discount

Spot Trading Method

Once all deposits are complete, go to 'Spot'. The funds you will trade with should be in your spot wallet.

It uses the TradingView chart, and you can check your desired trading indicators.

Orders typically consist of the one-click order on the left and the limit order on the right.

The overall trading method is largely the same as that of general CEX exchanges (Binance, Bitget, Gate, etc.).

If you currently do not have funds, 'Transfer' will appear on the BUY screen. You can specify the size in BTC or USDT.

However, very few coins are listed for spot trading. Since Aster is primarily used for futures, spot trading is limited. If you want to create or buy/sell meme coins or micro-cap coins, please try Gate DEX. A $50\%$ trading fee cashback is possible there.

• How to Trade on GateDEX with a 50% Trading Fee Discount

5% Additional Spot Discount Method

If you hold Aster/USDT and click the button located on the bottom right of the order book, you will receive an additional $5\%$ trading fee discount, separate from the referral discount.

Futures Trading Method

You can click 'Perpetual' for futures trading. While there are no stock-linked coins in spot, there are in futures. For futures, coins allow up to 100x leverage, and stocks allow up to 10x leverage. For your information, Hyperliquid, currently the leading DEX exchange for futures trading, only allows up to 40x, so Aster is certainly better in this regard.

The trading method is the same as the CEX exchanges you used previously. Aster also supports Multi-Asset Mode, Hedge Mode, and others. Please refer to the link for the setup method.

The one-click order and limit order methods are the same. If you do not have funds, it will be displayed as a 'Deposit' button.

However, if you personally want to significantly reduce your trading fees, I recommend Gate DEX futures trading, which offers a 50% cashback and VIP fee benefits.

Aster Trading Fee Structure

Aster's spot and futures trading fees are a base of 0.05% for Limit (Maker) and 0.4% for Market (Taker). Spot fees are relatively cheap, but futures fees are not particularly low. Please refer to the article below for VIP benefits and more detailed fee information.

• Aster Fee Summary (VIP)

Exchange Usage Summary

We have gathered all the previously compiled exchange usage guides and Q&A into a roadmap for easy viewing. Please bookmark and use it.

For this reason, Aster is one of the most sought-after DEX exchanges in Korea. Let's look at the usage, advantages, and 8 reasons to use the Aster exchange.

What is Aster DEX Exchange?

The Aster exchange excels particularly in areas such as multi-chain support, high leverage, advanced features, and asset control. It is recommended for traders who do not have a large capital and wish to aim for a jackpot with a small amount, or for those who want to employ various trading strategies.

Furthermore, you can trade famous US stocks in futures trading with a maximum leverage of up to 25x.

Naturally, as it is a DEX exchange, it possesses all the advantages of a decentralized exchange.

8 Reasons to Use Aster DEX (Advantages)

Then, I will explain the 8 practical advantages unique to the Aster exchange.

Stability as the 2nd Ranked DEX for Spot and Futures

Firstly, the Aster exchange is currently (as of 25.10.31) the 2nd ranked DEX exchange based on CoinMarketCap.

For DEX spot trading, PancakeSwap is number 1, and for futures, Hyperliquid is number 1. However, Aster is currently ranked 2nd in both categories.

Furthermore, its market share and trading volume are higher than Hyperliquid. It is also one of the exchanges that started early among DEX exchanges.

No KYC Required, Trading Possible with Only a Wallet

As Aster is a DEX exchange, identity verification is not required. Membership registration is also very simple (if you already have a supported wallet, registration is not even necessary), and there's no need for identity verification. You will be surprised when I show you how to connect your wallet below.

100x Futures Trading Leverage

Aster provides 100x leverage for Bitcoin, Ethereum, and Solana. Although Binance supports 150x for Bitcoin, this is an advantage because Hyperliquid only supports up to 40x, even for Bitcoin.

Unique 1001x System (But Not Recommended)

Aster has a new futures trading system called 1001x.

As the name suggests, leverage is possible up to 1001x. It allows for custom time settings, so it can take a form similar to futures/options with an expiration date, or you can simply hold the position.

Through this, you can achieve very high profits (up to 500%) and make a profit with 'very little' capital.

If you only look at it this way, it seems very reasonable, but there's a catch hidden. Those who wish to attempt 1001x should check the article below before trying.

Support for Multi-Asset Mode and Hedge Mode / Setup Method

Generally, unless it is a large-scale exchange, not many exchanges support modes like Multi-Asset Modeor Hedge Mode.를 지원하는 거래소는 많지 않습니다.

The fact that it supports Multi-Asset Mode and Hedge Mode means that high-level traders are already using it extensively and have demanded these systems.

You can set it up immediately by clicking the settings in the upper right corner.

US Stock Trading in Futures, Foreign Exchange Trading in 1001x

US stock trading was also possible on Bitget, but ETF futures trading was not. This means trading of ETFs like QQQ is possible, allowing for stock index trading, and individual stock trading is also possible.

There were also those who wanted foreign exchange trading on a coin exchange.

If you look at the 1001x, foreign exchange trading is possible. The original ultra-high leverage trading method came from FX foreign exchange trading. Those interested in foreign exchange or US stock futures trading may find it helpful to trade by taking advantage of the fact that it is not taxable as coin trading until 2027 in Korea.

Korean Language Support / Setup Method

Most exchanges do not support Korean, but the Aster exchange does.

Since the phrases and menu settings were likely not written by a native Korean speaker, there may be awkward parts, but it is at a level that does not cause inconvenience in use.

Click the settings button in the upper right corner, and 'Language' is below. Clicking it will bring up the screen you saw above, where you can change the setting to Korean.

Very Low Fee Rate and VIP Fee Discount

Aster is very unique in that the base fee for the number 1 competitor, Hyperliquid, is 0.01% for Maker (Limit) and 0.035% for Taker (Market), with a low limit fee and a high market fee.

• For Aster spot, the fees are 0.005% for Limit and 0.04% for Market.
• For futures, the fees are 0.005% for Limit and 0.04% for Market.
• For 1001x, it is 0.08% for less than 500x, and for 500x or more, there is no opening fee, and a proportional fee based on the profit rate is incurred. The minimum fee is 0.03%, and there is no set maximum fee.

Please refer to the article below for the detailed fee rate calculation method and VIP fee discount benefits of Aster DEX.

• Check Aster DEX Fee Rate and VIP Fee Discount Benefits

Aster Wallet Connection Method (Binance Wallet) and 10% Discount

You can receive a $10\%$ trading fee discount by entering Aster through the link below.
** Note that I do not gain any profit if you sign up through the link below.

AsterDEX 10% Discount

If you follow the link above, a screen like the one below will appear.

Click 'Redeem invite code'.

You must choose the chain you will use. It does not matter which one you choose. However, you must have a wallet that you use. Also, if you log in with an email, you cannot use professional features such as 1001x and Rocket Launch.

It is best to use a self-custodial personal wallet like Binance Wallet. Please refer to the article on how to create a Binance Wallet .

I will use Binance Wallet since I have one.

When a screen like the one above appears, scan it with the Binance App. In the wallet page, there is a scan function in the upper right corner, and in the Binance exchange page, you can find the scan function in the upper right after pressing 'More' in the upper left.

After scanning, a screen like the one below appears on Aster.

Clicking 'Send request' prompts a question in the Binance App asking if you want to authenticate the wallet.

Click 'Confirm'.

After this, it asks if you want to use the referral code, as shown below.

If the code is the same as the one above, 85c17aplease click 'Confirm'.

If you have proceeded this far, the $10\%$ trading fee discount has been applied.

Aster Network Change Method

If you change the chain from BSC to Arbitrum One, Solana, or Ethereum, a screen like the one below will also be displayed. This is for setting the wallet connection network, and when connecting your wallet to Aster, you can use the desired network by setting the network first and then connecting.

Please don't be alarmed if you forget this connection method and your BSC network funds are not displayed on Arb.

Clicking 'Approve' completes the network switching.

Note that after the wallet connection is complete, you cannot change the network within Aster. When you click the network you want to switch to on Aster, a notification will pop up on your personal wallet app (like Binance Wallet) asking if you want to switch networks, as shown above. Clicking 'Approve' allows you to change it.

Aster Deposit Method (Arbitrum One)

If you plan to trade 1001x, you can use it without depositing to the Aster exchange. You can use the funds in your personal wallet after getting approval.

Click 'Deposit' in the upper right corner.

If you have connected your personal wallet to Aster, you must first transfer funds to that wallet and then move them to Aster. Note that if the network of the wallet you hold and the network connected to Aster are different, it may show that you have insufficient funds.

• Binance Wallet Fund Transfer Method

The coins currently supported for deposit to Aster via the Arbitrum network are four: ETH / USDC.e / USDT / USDC.

When you select the coin you wish to deposit, a screen like the one below appears.

The red area indicates how much you have in the Arbitrum network within your personal wallet (like Binance Wallet).

Clicking 'Approve USDT' above sends a notification to your personal wallet asking if you approve the transaction. So, don't just wait after clicking the approve button; please check the wallet you connected, such as Binance Wallet.

The transfer details should appear as in the image above.

Note that 1001x has an execution fee, which is a fixed fee of 0.5$ for BSC and 0.2$ for Arb.

Exchanges Supporting Arbitrum One Network Deposit

In the first place, deposits over 1,000,000 KRW from Upbit and Bithumb to Binance Wallet are not possible. If you have funds in a domestic exchange like Upbit or Bithumb, you must transfer them to an overseas exchange first and then to your personal wallet

Otherwise, you may experience significant stress due to fund return documentation.

Aster Spot and Futures Trading Methods

Please refer to the article below for spot and futures trading methods on Aster. Usually, trading is possible immediately after depositing. You just need to check whether the funds are in the spot wallet or the futures wallet.

• Aster Spot and Futures Trading Methods

Aster 1001x Trading Method (and Disadvantages)

To use 1001x, you must first approve the coin you will trade in your wallet. Since gas fees are incurred per network and coin, you only need to approve one or two coins you plan to trade.

Approving Trading Pair Coins

BSC

The tradable collateral on BSC is as follows. As it is listed as Collateral, you do not need to deposit to the Aster exchange; you only need to pay the gas fee to approve the collateral coin for trading.

Since all commonly used trading pairs are here, I would generally recommend BSC.

Arbitrum

First, the usable coins based on the Arbitrum network wallet are as follows.

It seems only ETH is available as a general coin. Since it can be confusing for those who didn't originally trade with BTC/ETH, I recommend USDC.e.

Clicking USDC.e brings up the screen like this.

Click 'Approve USDC.e'. Then an alarm goes to your personal wallet.

A small amount of ETH gas fee is required.

You can use it after paying the gas fee with ETH and clicking 'Confirm'.

Trading 1001x

If you put funds into your wallet (in my case, Binance Wallet) and switch it to the corresponding collateral, trading becomes possible.

The fee changes depending on the leverage rate. Below 500x, it is a fixed leverage of 0.08%. From 500x or more, it starts with a 0.03% fee upon liquidation and becomes a variable fee based on the profit rate.

You can set a time limit for trading, or 'Pulp' (Perpetual) lasts indefinitely until liquidation.

However, the maximum profit rate is limited to $500\%$. It is automatically liquidated when it reaches $500\%$. The price range is calculated based on the current price, leverage, and profit rate, so you don't need to calculate it separately.

Also, you must click the 'Approve' button on your wallet (like Binance Wallet) every time you open or close a trade.

Disadvantages of Aster 1001x, Review Based on Direct Experience

Honestly, based on experience, there are only disadvantages.

Order Speed is Catastrophically Slow

This alone is so fatal that trading is impossible.

The order process seems to go through [Aster approval request – Personal wallet approval – Aster order – Network connection – Order success]. In a situation where you are using 100x, 200x, 500x, or 1000x leverage, not just 1x or 2x, this process often takes 5 seconds, or even over 30 seconds.

The time from initiating the order to execution takes over 5 seconds, and slippage occurs, but since it's not a limit order, only market execution is possible.

Even if you set a stop-loss line and try to close the position at market price, you end up waiting for approval from the wallet and for the order to be fulfilled, which often leads to a -100% liquidation.

The order was placed, but they made me wait 15 seconds for a network connection, and then it was liquidated. High-leverage trading relies on ultra-fast order execution, so this absurd order speed completely defeats the purpose of using high leverage.

The Trap of a Maximum Profit Rate of 500% (5x)

Even if the order speed were slow, if there was a chance for a jackpot in one go, you could at least have expectations similar to zero-day options.

With a 10 dollar, 1000x leverage, the position is 10,000 dollars. For example, if you are lucky enough to catch a 1% vertical pump in Bitcoin, it would be magnified 10 times.

If this were also applied to 100, 500, or 1000 dollars, you might get a 10,000% profit in one go if you were lucky, like a zero-day option. Then it would truly be useful.

However, the maximum profit rate is limited to 500%, and from that, 75% of the margin is taken as a fee. Who buys an option with a capped upside?

Capping the upside while taking fees based on the profit rate is a very serious problem.

Effective Fee is Too High

Below 500x, a 0.08% round-trip fee plus a fixed network fee of 0.5$ or 0.2$ is added.

Above 500x, a 0.03% or profit-rate-based one-way fee (upon liquidation) plus a fixed fee of 0.5 or 0.2 is added.

Let's do a simple calculation.

The futures trading fees for general CEX exchanges are 0.02%/0.04%. Aster DEX's futures trading fees are 0.005%/0.035%.

Even below 500x, a 0.08% fee means Leverage times 0.08, excluding the fixed fee. For 500x or more, it means it starts at a minimum of $500 times 0.03.

Calculating this based on the margin, one-way is 8% for 100x, 16% for 200x, 24% for 300x, and 32% for 400x. Since it's round-trip, you must multiply by 2.

From 500x, 500x is 15%, 700x is 21%, and 1000x is 30%. If you make a profit, the fee is taken based on the profit amount.

You can understand this by looking at the picture below.

With a margin of 6.5 dollars and 1000x leverage, the liquidation fee is 1.94 dollars. That is 30%.

With a margin of 7 dollars and 1000x leverage, a 100% profit is made, and the liquidation fee is 2.14 dollars. That is approximately 30%.

If you do this frequently, an enormous amount of trading fees will be incurred, and your principal will melt away.

Referral Discount is Not Even Applied

Although this can be understood as it is a specialized derivative product, they impose an outrageous fee rate, the order speed is ridiculous, it is not counted towards trading volume, and they do not apply any referral discount.

Chart Keeps Resetting

The chart keeps resetting, and due to slow server speed, the chart lags and freezes even when viewing the 1-minute candle. It is not an environment conducive to normal trading.

It literally embodies the former name of 1001x: 'Dumb Mode.' The intention that 'those who do this are fools' is adequately captured.

Do not do 1001x.

If you are told not to, just don't do it.

You might put in 10 or 20 dollars just for fun, but as you do it, you'll realize there's no reason to use this sluggish trading method instead of just doing 100x futures.

Trading with this method is not counted towards the trading volume, so you cannot even receive Aster VIP benefits.

Aster Withdrawal Method

Withdrawal, like deposit, is done by clicking 'Deposit' in the upper right corner, and then clicking 'Withdrawal' on the screen that appears. The withdrawal here is in the form of withdrawing to your personal wallet, just like a deposit.

In other words, you withdraw the amount you hold within Aster to your personal wallet. The withdrawal fee is $0.51$ in USDT.

Enter the amount you wish to withdraw and click 'Withdrawal'.

Aster DEX App Download

• Android Aster DEX Download
• iPhone Aster DEX Download(Not available in Korea)

Aster DEX Usage Guide

We have gathered all the previously compiled exchange usage guides and Q&A into a roadmap for easy viewing. Please bookmark and use it.

You can check the ASTER DEX usage guide below:

• ASTER DEX Usage Guide, 8 Reasons to Use Aster

Aster Trading Fee Structure

Aster Spot (Current) Fees

Aster's spot fees are 0.005% for Maker (Limit) and 0.04% for Taker (Market).

Aster Perpetual Futures Fees

Aster's futures fees are 0.005% for Maker (Limit) and 0.04% for Taker (Market).

Aster DEX 거래 수수료 비교표

How to Get a 10% Trading Fee Discount on Aster

Aster's basic spot and futures trading fees are very low compared to CEX exchanges (0.02%/0.04%). You can lower these trading fees even further by registering a referral through the link to the Aster exchange below.

AsterDEX 10% Discount

Note: I currently do not profit from the Aster exchange. All benefits are passed back to the traders who use the link, so please feel free to use it.

Aster 1001x Fees (Special System)

Aster has a unique system called 1001x, a trading system that allows for maximum leverage of up to 1001x for Bitcoin and Ethereum. Other products also have a higher maximum leverage rate than standard futures trading.

However, the fee policy is quite complex depending on the leverage ratio.

Opening Fee:

A 0.08% opening fee is charged only for leverage below 500x.

Example: If a trader enters a 1 ETHUSD long position at 1,500$ on the BNB Chain, Opening Fee $= 1 × 1,500 × 0.08% = $1.20

Closing Fee:

A 0.08% closing fee is charged for leverage below 500x.

If the same trader closes the position at 1,600$, Closing Fee = 1 × 1,600 × 0.08% = $1.28

PnL-Based Closing Fee (500x Leverage and Above)

For leverage of $500$x and above, the opening fee is waived. This means the fee is charged only once round-trip, potentially making it cheaper.

Minimum Closing Fee Rate: 0.03%

This is the minimum rate, designed to be cheaper for high leverage use. However, the fee rate increases exponentially as the profit rate rises.

The calculation method is as follows:

증거금이 1000달러라는 기준으로 수익률 대비 수수료율 표입니다.

The structure is that the fee rate increases as the profit rate increases because the amount earned increases.

Even if the fee rate exceeds the margin, the final profit rate does not fall below the fee rate.

Example: 1,000 margin, 500% profit 5,000$ profit. Fee rate 75% Fee 750$. Total profit 4,250$. Total capital and profit 5,250$.

적은 손실 값으로 큰 수익을 벌 수 있는 구조입니다.

Execution Fee

A network-based execution fee is attached when opening a position. This is a fixed fee:BNB Network: 0.5$Arbitrum Network: 0.2$There is no fee upon closing.

1001x Fee Summary Table

Conclusion on 1001x:

Do not use it. It is a bundle of fees. Moreover, the order speed is extremely slow, making stop-loss unreliable. Please refer to the article below for more details.

• Disadvantages of Aster 1001x

ASTER DEX VIP Fee Discount Benefits and Tier Criteria

VIP Tier Qualification Criteria

VIP tiers are evaluated daily
daily at the end of the day (UTC). Both of the following two conditions must be met to qualify for VIP status:

1. 14-Day Rolling Trading Volume (Spot or Perpetual Futures, USD basis)
2. ASTER Holding Balance

VIP Member Benefits

Becoming a VIP grants reduced trading feesfor spot and futures trading,
allowing for a more favorable and rewarding trading experience.

Please refer to the image (table) below for detailed VIP conditions and fee benefits.

ASTER Holding Balance Calculation Mechanism

The Daily AverageAster Balanceincludes ASTER holdings in both the Spot Account and the Perpetual Futures Account (ASTER Wallet).

The calculation formula is as follows:

Calculation Formula:

Total Daily Average ASTER Balance = Daily Average Spot Account ASTER Balance} + Daily Average Perpetual Account (ASTER Wallet) Balance

Detailed Calculation Method:

• Spot Account Daily Average Balance: Sum of ASTER balance snapshots measured hourly during the day, divided by 24 (hours).
• Perpetual Account (ASTER Wallet) Daily Average Balance: Sum of ASTER balance snapshots measured hourly during the day, divided by 24 (hours).

Additional Information:

• A day is calculated from00:00:00 UTC to 23:59:59 UTC.
• Hourly snapshots are taken at random times.
• Pending Orders are also included in the balance calculation.

Aster DEX Usage Guide

We have gathered all the previously compiled exchange usage guides and Q&A into a roadmap for easy viewing. Please bookmark and use it.