Phemex Blog
Phemex Crypto Blog: Learn the latest news, updates, and industry insights on bitcoin futures, bitcoin trading, crypto derivatives exchange, and related blockchain technology.
  • What are the Trading Limits for each Symbol?

      Below are the trading limits for each symbol: Symbol Minimum Price Increment Maximum Order Amount Minimum Order Amount Minimum Order Amount Increment BTCUSDT 0.01 USDT 1000 BTC 0.000001 BTC 0.000001 BTC ETHUSDT 0.01 USDT 10000 ETH 0.00001 ETH 0.00001 ETH XRPUSDT 0.00001 USDT 5000000 XRP 0.1 XRP 0.1 XRP LTCUSDT 0.01 USDT 100000 LTC 0.00001 LTC 0.00001 LTC LINKUSDT 0.0001 USDT 5000000 LINK 0.01 LINK 0.01 LINK XTZUSDT 0.0001 USDT 2000000 XTZ 0.01 XTZ 0.01 XTZ   Minimum Order Value: 10 USDT Maximum Order Value: 5000000 USDT Minimum Order Value Increment: 0.01 USDT

  • What to do after losing Google Authenticator

    Step 1: Try to find your Secret Key. The Secret Key is shown when you bind your Google Authenticator for the first time. If you still have your Secret Key, you can follow the binding GA process to re-bind your Google Authenticator back to your Phemex account. Step 2: If you can confirm that you have lost your Secret Key, please email a request to support@phemex.zendesk.com with your registration email address and state the following: 1) The reason why you lost your Google Authenticator (Lost Phone, Damaged Phone, Delete your Google Authenticator by accident) 2) You did not back up your…

  • What is Slippage Protection?

    Slippage Protection is a mechanism that shields a user’s positions from immediate liquidations and high-risk situations when filling orders. The goal is to prevent users from experiencing execution prices outside of their expectations. In other words, it minimizes an order’s ability to execute at increasingly detrimental prices. Slippage protection activates when traders use Market Orders. Consider the following scenario: When a user opens a position with a Market Order, if the order is large enough, it may have to fill across multiple ticks. This discrepancy between the trader’s expected price and the actual executed price is known as ‘slippage’. The…

  • How is Order Value calculated?

    Any order you place with Phemex will have a given value calculated as such: Order value = Contract Quantity x Contract value Contract Quantity is simply the number of contracts you wish to add to your order. Contract Value is calculated differently depending on what type of contract you purchase or sell. The value is always expressed in the units of the settled currency. We offer two types of contracts: Inverse Contracts are those that are quoted in one currency and settled in a different one. The value of inverse contracts is calculated through the following equation: Contract Value = Contract Size/Executed Price BTCUSD is…

  • Puzzle Ending

    Dear Phemex Community, Today marks the last day of the Satoshi-Maze Puzzle competition. Unfortunately, though some people made great progress and got close, no one was able to fully unriddle this challenge on time. However, I do not consider this event a failure as the objective was to unite people and encourage all to learn more about encryption, cryptocurrencies, and security. Since the day we published the puzzle, we have witnessed as thousands of individuals came together and shared their thoughts and ideas guided by a common goal. We are proud of the community we have and continue to create…

  • What is a Trailing Stop?

    A trailing stop is an incredibly powerful instruction that can function both as a Take Profit or Stop Loss order. However, rather than triggering at an exact Stop Loss price, it is instead triggered by a specified amount of loss incurred by the most recent optimal LastPrice. (Read our crypto technical analysis on Effective Exit Trading Strategies to improve trading) To simplify the concept, imagine a simple scenario: You open a Long position of any given contract with an Entry Price of $1000. You then select the Trailing Stop option and set a Trail Value of $100. What are the…

  • LTC/USD is now live

    We are glad to announce that it is now possible to trade Litecoin on Phemex, with up to 20x Leverage!  LTC is a longtime favorite of the crypto community having dominated many of our polls.   After comprehensive testing and consultation with many professional traders, our developers have now completed all tests in production. This morning we have now delivered the LTC/USD trading pair, our sixth product!   More exciting products are yet to come. Stay tuned by following our official Twitter or join our Telegram group to receive all the latest announcements.   Phemex, Trade Simple.

  • System Status

    The system status page describes all of the base assets for contracts available on Phemex. Contract Full name Logo Project URL Block Explorer BTC/USD Bitcoin https://bitcoincore.org https://www.blockchain.com/explorer ETH/USD Ethereum https://ethereum.org https://etherscan.io XRP/USD Ripple https://ripple.com https://bithomp.com/explorer XTZ/USD Tezos https://tezos.com https://tezos.id LINK/USD Chainlink https://chain.link https://etherscan.io/token/0x514910771af9ca656af840dff83e8264ecf986ca LTC/USD Litecoin https://litecoin.org https://blockchair.com/litecoin ______________________________________________ For any inquiries contact us at support@phemex.zendesk.com. Follow our official Twitter account to stay updated on the latest news. Join our community on Telegram to interact with us and other Phemex traders. Phemex, Trade Simple

  • XTZ/USD is now live

    We are glad to announce that it is now possible to trade Tezos on Phemex, with up to 20x leverage! XTZ is one of the most popular and requested coins, with great functionalities and potential. The choice of our team to list Tezos followed several criteria: community feedback, analysis of the coin’s technology, historical price action, market cap, etc. After a thorough period of testing and consultation with professional traders, our developers completed all tests in prod and have delivered XTZ/USD this morning, and there’s more to come: a new altcoin will be listed soon on Phemex. Stay tuned on…

  • LINK/USD is now live

    We are excited to introduce Chainlink as the latest coin you can trade with up to 20x leverage on Phemex. The decision to list LINK followed several criteria: community feedback, analysis of the coin’s technology, historical price action, market cap, etc. We see a lot of potential in LINK and our polls show Phemex’s users do too! After consulting several experienced traders to make sure we delivered a secure and safe product, our team has worked tirelessly to make it happen. But we are not done yet! New altcoins will be listed soon, so don’t worry if your favorite Alt…