Welcome to Onchain– the newest and most exciting way to trade on-chain coins directly from your spot account! This guide will walk you through the entire process step by step, ensuring a smooth and enjoyable trading experience.
What is Onchain?
Onchain allows you to buy and sell on-chain coins without worrying about exchange listings, liquidity issues.
Key Points to Note:
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No Wallet Required – Trade directly from your spot account.
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No Exchange Listing Needed – Gain access to unlisted meme coins.
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On-Chain Holding – Phemex holds the coins on-chain on your behalf.
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USDT Only – Purchases and sales are made exclusively with USDT.
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No Withdrawals – Meme coins cannot be withdrawn. You can only sell them to get USDT.
*Trading meme coins carries significant risks. Always conduct thorough research before trading.
How to Start Trading Meme Coins
Step 1: Access Onchain
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Open the Phemex App.
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Click the "Market" or "Spots" icon located in the bottom navigation bar.
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On the top navigation bar, locate and click the "Onchain" tab.
Step 2: Accept the Disclaimer (First-Time Users)
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If this is your first time visiting the Meme Center, a Disclaimer will appear.
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Carefully read through the terms and conditions, clearly acknowledging the associated risks and responsibilities.
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Click "Confirm" if you acknowledge and accept the disclaimer.
Step 3: Browse and Select a Meme Coin
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Once inside the Onchain Center, browse the list of meme coins or search the name/contract address of the coin.
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Click on the coin you’re interested in to view its detailed information (price chart, volume, market cap, and other relevant data).
Step 4: Trade Meme Coin
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Ensure that you have USDT in your spot wallet (to buy).
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Meme coin purchases can only be made using USDT. The minimum purchase amount is 1 USDT.
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Enter the amount you’d like to trade.
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Review the transaction details carefully.
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Click "Buy/Sell" to finalize your transaction.
*Fee Rate:1%+gas fee(gas fee is determined by current network conditions)
How to Track Your Transactions
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After purchasing, click on the transaction history icon in the top-right corner of the Onchain Center.
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Here you can view past trades, and monitor ongoing transactions.
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Click “Holdings” at the bottom right of the screen. Enter the asset details page to view asset balances and performance.
