Off-Chain Trading (Traditional CEX):
In off-chain trading, transactions are executed outside of the blockchain on Phemex’s internal ledger. This approach offers high speed and low transaction costs, making it ideal for efficient trading. However, it is limited to the tokens that are already listed on the exchange.
Onchain Trading (MemeX):
With on-chain trading, transactions are processed directly on blockchain networks such as Ethereum, Solana, Base, and BNB Smart Chain. This provides enhanced transparency and decentralization, though it may involve higher fees and slower execution. The key advantage is unrestricted access to any token available on these networks, including newly launched and trending meme coins.
Onchain Trading(MemeX) offers the best of both worlds:
It combines the simplicity and convenience of CEX trading, such as no external wallet required USDT-based trading, with the limitless token access of decentralized, on-chain trading. Trade any token, anytime, with just your Phemex account.