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Phemex Crypto Blog: Learn the latest news, updates, and industry insights on bitcoin futures, bitcoin trading, crypto derivatives exchange, and related blockchain technology.
Sara H.
Sara first got into the crypto space back in 2018, working with a fintech startup in London who were exploring ways to make financial investment more appealing to a younger audience. She is a strong advocate of risk management, and encourages everyone to dip their toes in the crypto pool to see what it is about. When not in the office, she can usually be found at home buried under a mountain of cats.
  • Wow Phemex Twitter Giveaway Event!

    Phemex welcomes you to our “Wow Phemex” Twitter Giveaway! We want to give back to our community and we want to do so in a BIG way with our #wowPhemex event! The goal is to get our @Phemex_Offical Twitter account to 60,000 followers by mid-March. However, we will have multiple milestones and prizes along the way. If we reach our final goal, the total value of the prizes we are giving away will add up to $30,000! Milestones and Prizes We’ve set multiple milestones for twitter followers. Each time we reach one of these goals, we will reward our followers…

  • EOS Withdrawal Interuption (SOLVED)

    Dear traders, We’ve received reports that our EOS withdrawal functions are not working properly at this time. The issue likely stems from one of the third-party nodes we employ for broadcasting. Please be assured that our tech team is diligently investigating the issue now. We expect to resume all EOS withdrawal functions within two days, but will keep you informed of any changes or updates. No other cryptocurrency withdrawal functions have been affected. We apologize for the inconvenience and truly appreciate your understanding and support. Phemex UPDATE: ISSUE SOLVED

  • Phemex #LoveCrypto

    Dear Users, To celebrate Valentine’s Day, we are holding a special contest from February 8th to February 19th, 2021 with prizes worth a total of $5000! To enter, all you need to do is create your own crypto-related pick-up line, quote re-tweet this tweet, and tag 2 of your friends. The 12 RT’s with the most likes will receive the below prizes in order: – The grand prize for 1 incredibly lucky Phemex user is a MacBook 16” – The second prize is an Oculus set – There will also be 10 x 100 USDT trading bonuses awarded. Terms and…

  • Why was part or all of my position automatically closed?

    Any user trading contracts on Phemex must have a minimum amount of funds (Maintenance Margin) in their account to keep a position open. Even when the position has a positive PNL, the funds in the account may drop below the Maintenance Margin requirements due to Funding Fees. If such is the case, the system will automatically calculate the number of contracts to be closed (Take Profit) in order to meet the Maintenance Margin requirements. Because prices are constantly fluctuating, there may be a discrepancy between the first batch of contracts closed and the number still needed to meet margin requirements….

  • Phemex x LOT Competition Winners

    Dear Traders,  The League of Traders x Phemex New Year Trading Competition is now finished! A big thank you to all who participated, we hope you made some great trades. We are pleased to announce we had 263 participants in this competition, with a prize pool of 1.5 BTC. As per our competitions rules, the Top 10 Traders are as follows: TOP 10 Winners Ranking Username     Pnl Phemex UID Prize(BTC) 1 TakionTrader 1389.51% 904837 0.525 2 Ten10 965.48% 800909 0.375 3 lala1004 3rd 707.98% 935894 0.225 4 donzakadu 518.90% 931758 0.075 5 TrevorBalthrop 297.15% 762428 0.075 6 Timba77…

  • Phemex $600 Bonus Giveaway!

    For a limited time, all BTC deposits into a BTC trading account will be rewarded with a generous trading bonus of up to $600! Promotional Period The promotional period is from 02/03/2021 – 03/18/2021. Deposits made during the “Sign-up” period must remain in the BTC trading account until the end of the promotional period. Any withdrawals made before the end date will affect the final bonus amount. Sign-up Period: Between February 3rd, 2021, and February 24th, 2021 (UTC)  Bonus distribution: March 18th, 2021. Deposit and Bonus Net Deposit Bonus Reward ≥ 0.1 BTC $50 ≥ 0.2 BTC $100 ≥ 0.5…

  • Phemex Earn Crypto Launch Giveaway

    Dear Traders,  To celebrate the launch of Earn Crypto, our brand new Crypto Asset Management program, we are holding a lucky draw for the first 1000 users to register from January 18, 2021! Earn Crypto offers Phemex customers a way to earn passive crypto income in a risk-free manner with either a Flexible Savings Account with 7% APY, or, a Fixed Savings Accounts with 10% APY. To read more about Phemex’s new Earn Crypto program click here. The first 1000 Phemex users to register for a Fixed Savings Account will be entered into a lucky draw. The grand prize for…

  • Scheduled System Maintenance 01/15/21

    Dear Traders,  We have scheduled maintenance to our system this Friday, January 15th, 2021 (UTC). This maintenance will result in some temporary downtime which will only affect contract trading. Spot trading will function as normal. The downtime will occur from 02:00 AM UTC until (at the very latest) 04:00 AM UTC. Please note: trading may resume before 04:00 AM UTC. During this time: users will not be able to trade any contracts no new orders can be placed pending orders will not be executed market data service will be suspended  Please be aware that the market may fluctuate during this…

  • System Maintenance 01/12/21

    Dear Traders, Please note that we are undergoing a routine system maintenance today 01/12/21 from 5:00 AM UTC until 9:00 AM UTC. The only impact this will have is that trading data history will be temporarily unavailable. If you have any questions or concerns please contact support@phemex.com  

  • Phemex x League of Traders New Year’s Competition

    Phemex is proud to announce its first 2021 trading competition in partnership with League of Traders. Compete for a maximum prize pool of 5 BTC this January 2021. Visit Competition Page Dates Registration Opens: 11th January Competition Begins: 15th January 12 PM (UTC+8) Competition Closes: 4th February 12 PM (UTC+8) (Registration is possible during the competition period) Prize Pool The prize pool and winnings for each position will be dependent on the total number of participants in the competition. The higher the number of participants, the higher the total prize pool, and the more prizes will be available. Please see…