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.
Nicolas Tang
Nicolas is the current head of English content and PR specialist at Phemex. He purchased his first Bitcoin back in 2013 and has been a crypto enthusiast ever since. Nicolas possesses a diverse background as writer and researcher in finance, political sciences, and now crypto. He believes digital assets are the future of currencies and is firmly committed to helping others learn more on the subject.
  • How is Liquidation Triggered for Cross Margin Positions?

    Prerequisite: To get a complete understanding of how the Liquidation process works for a Cross Margin position, please read the following articles before proceeding. “What is Cross and Isolated Margin?” “What are Initial and Maintenance Margins?” “What is Liquidation?” Margin In the context of trading perpetual contracts on Phemex, “Margin” refers to the usage of user funds for different purposes. Every position a user opens will involve the following: Initial Margin (IM): the initial funds allocated to open the position. Maintenance Margin (MM): the minimum amount of funds that must remain within a user’s Trading Account to keep the position…

  • How do I Adjust the Margin on My Position?

    Phemex provides two types of margin options (What is Cross and Isolated Margin?). The procedures to adjust margin will vary depending on the type of position. Isolated Margin Position Assuming that leverage remains the same, adding margin to a position will help increase the distance to liquidation price (What is Liquidation?). Adding Margin To add margin to an isolated margin position, perform the following steps: Log in to Phemex.com and access the Contract Trading page. From your Open Positions tab, click the target symbol you wish to adjust. In the Leverage Module on the left side of the page, make…

  • Why is the fill price different from the liquidation price? (Bankruptcy Price)

    Phemex employs a fair price marking mechanism. This method is also commonly used by many other crypto exchanges to prevent malicious activities or low market liquidity. This is why Phemex uses the mark price instead of the last traded price to avoid liquidations due to low liquidity or manipulation. There are two types of margin related to an open position. The Initial Margin is the amount or percentage of your funds that you must allocate to open a position. The Maintenance Margin is the amount of funds you must maintain in your account in order to keep your positions open….

  • What can I do if I made an incorrect deposit?

    There are many ways in which a deposit can be performed incorrectly. Depending on the situation, we may still be able to retrieve your funds. Please review the following scenarios and follow the instructions to begin the process of retrieval. Missing or incorrect tag/memo A destination tag/memo is a unique digital code that must be included as additional information to help identify transactions. Not all cryptocurrency deposits require a memo. Those that do (XRP, EOS, etc.) will clearly state so. The correct memo code will be displayed on the deposit page with a quick copy button and a QR code…

  • How do I use the Learn & Earn program?

    With the Phemex Learn & Earn program, gaining new knowledge receiving free crypto has never been easier. Simply follow the steps below: Log in to Phemex.com and hover your mouse over the Support option in the header of the page. From the drop-down menu, click on Learn & Earn. Click on Get Started or scroll down the page until you the available courses and topics. Click the Earn button within the course you wish to complete. The next page will display all of the lessons within that course. We recommend you start with the very first one. Click the Watch Video button within…

  • Learn & Earn Free Crypto!

    Dear Traders, We are incredibly happy and excited to announce the launch of Learn & Earn, our newest educational program! We’ve simplified a variety of crypto, blockchain, and platform concepts into multiple courses and lessons with fun and easy-to-understand videos. At the end of each lesson, users can take a short quiz to test their knowledge. If all questions are answered correctly, you will receive a free reward in the form of trading bonuses or even some cryptos! In other words, we pay you to have fun and learn! Earn your Free Crypto Now This is simply part of our…

  • What is the Phemex Learn & Earn Program?

    Learn & Earn is a brand new Phemex educational program that compensates you simply for learning new crypto, blockchain, and platform knowledge. The program is divided into multiple basic courses, each with its own set of sub-lessons. Lessons contain introductory passages and videos. Once you finish reading the content or watching the short video, you can take a quiz to test your new knowledge. If you answer all the questions correctly, you will be rewarded! Our first set of courses will teach you how to use the many features of our platform, along with some basic cryptocurrency knowledge. These courses…

  • Phemex Lists EOS!

    Dear Phemex Users, Phemex has partnered with EOSIO to list its EOS Coin! Users can now Spot Trade EOS/USDT with Zero Fees through our Premium Memberships. About EOSIO: “EOSIO is a next-generation, open-source blockchain protocol with industry-leading transaction speed and flexible utility. Introduced in May 2017, it has since been widely recognized as the first performant blockchain platform for businesses across the world.” To learn more, please visit: https://eos.io/ Thanks for your support. Phemex will continue to work with partners around the world to provide its users with better services and products. Happy trading! For any inquiries contact us at…

  • New Welcome Bonus and Restrictions

    Dear Traders, We’ve recently updated our Welcome Bonus offers and have now increased the total amount from $80 to $100 in trading bonuses! You can review all the bonuses and their specific requirements here: https://phemex.com/bonus What are Trading Bonuses for? Trading bonuses can be used for Contract Trading: You can apply these bonus fund to: Open New Positons Pay Fees Cover Losses NOTE: Bonuses will cover up to 50% of your fees and losses before your own funds will be used. Restrictions and Limitations Trading bonuses cannot be withdrawn or transferred between accounts and wallets. Attempting to withdraw any trading…

  • System Maintenance – Contract Trading Interruption

    Dear Traders, This next Sunday, April 25th, between 2:00 AM and 4:00 AM UTC, we will perform a routine system maintenance that will temporarily affect trading for ETH, LINK, XTZ, and LTC contracts. Spot trading will remain unaffected. We appreciate your patience and support. Team Phemex