Each cryptocurrency comes with a different symbol and trading limit. Below are the trading limits for each symbol: Symbol Minimum Price Increment Minimum Order Value Max Order Amount BTC / USDT 0.01 USDT 1 USDT 10 BTC ETH / USDT 0.01 USDT 1 USDT 150 ETH ETH / USDC 0.01 USDC 1 USDC 150 ETH XRP / USDT 0.00001 USDT 1 USDT 500,000 XRP XRP / USDC 0.00001 USDC 1 USDC 500,000 XRP LINK / USDT 0.0001 USDT 1 USDT 30,000 LINK LINK / USDC 0.0001 USDC 1 USDC 30,000 LINK XTZ / USDT 0.0001 USDT 1 USDT 150,000…

If you have 2FA enabled on your account and you can no longer log in because you lost access to Google Authenticator, complete the following steps: 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 original process to re-bind your Google Authenticator with your Phemex account. 2. If you are certain that you have lost your Secret Key, continue with a normal login process, and when promoted for the Authenticator code, click the Need to reset…

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…

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 PriceBTCUSD is an example…

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…

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) This is How the Trailing Stop work: 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 potential…

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.

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

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…

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…

Dear Phemex user As promised, we are going to provide one last hint for the 2.1BTC Puzzle. Some of you may already know that Max has been working extremely hard to help Wuhan during the current health crisis. As such, the Puzzle had to briefly take a backseat to the pressing emergency. Nonetheless, we do not want you to feel neglected as we can clearly see your dedication on Telegram and Discord every day. So, without further ado, here’s the hint: After meeting the Phemex team, the Goddess Pheme repeated the words “little is big”, twice within three days. We believe this hint is…

A reliable, high-frequency exchange designed for 365day x 24h usage Introduction Back in 2017, as my partners and I looked into other crypto exchanges, we were shocked by the embarrassingly poor performance of existing platforms. Their performance and reliability issues became more severe as the number of users grew exponentially. A large number of exchanges are struggling to update their core systems without temporarily discontinuing or downgrading their services. Even after two years, the situation has not changed much. I worked for Morgan Stanley’s global brokerage business for 11 years. Together with my colleagues from Morgan Stanley’s Electronic Trading (MSET)…