How do I Buy or Sell Crypto on the Spot Market?

To buy or sell your first crypto through the Phemex Spot Market, review all the Prerequisites and follow the Procedures.

Prerequisites

• Please read all of the Getting Started and Basic Trading Concepts articles to become familiar with all the terms and concepts used below.

Procedure

The Spot Trading Page offers you three types of orders:

Limit Orders (Buy)

1. Log in to Phemex.com and click the Spot Trading button in the center of the header to navigate to the Spot Trading Page.
2. Click your desired symbol or coin from Select Market in the top left corner of the page.
3. From the Order Module on the left side of the page, select Limit.
4. Set your desired Limit Price.
5. From the drop-down menu below the Limit Price, select either USDT to enter the amount you wish to spend or select your Symbol/Coin to enter the amount you wish to receive.
6. At the bottom of the module, select either GoodTillCancel, ImmediateOrCancel, or FillOrKill depending on your needs.
7. Click Buy to display a confirmation window.
8. Click the Confirm button to place your order.

Limit Orders (Sell)

• Follow the same procedures as a buy order, but click the Sell button instead of Buy.

NOTE: You can enter the amount to receive in USDT or the amount to spend in your Symbol/Coin.

Market Orders (Buy)

1. Log in to Phemex.com and click the Spot Trading button in the center of the header to navigate to the Spot Trading Page.
2. Click your desired symbol or coin from Select Market in the top left corner of the page.
3. From the Order Module on the left side of the page, select Market.
4. From the drop-down menu below the Limit Price, select either USDT to enter the amount you wish to spend or select your Symbol/Coin to enter the amount you wish to receive.
5. Click Buy to display a confirmation window.
6. Click the Confirm button to place your order.

Market Orders (Sell)

• Follow the same procedures as a buy order, but click the Sell button instead of Buy.

NOTE: You can enter the amount to receive in USDT or the amount to spend in your Symbol/Coin.

Conditional Orders (Buy)

1. Log in to Phemex.com and click the Spot Trading button in the center of the header to navigate to the Spot Trading Page.
2. Click your desired symbol or coin from Select Market in the top left corner of the page.
3. From the Order Module on the left side of the page, select Conditional.
4. Check Limit if you want to set a Limit Price, or Market if you want to use the Market Price at the time that your condition triggers.
5. If you checked Limit, set your desired Trigger Price and Limit Price. If you checked Market, set your desired Trigger Price.
6. If you checked Limit, you also have the option to select either GoodTillCancel, ImmediateOrCancel, or FillOrKill depending on your needs.
7. From the drop-down menu below the Limit Price, select either USDT to enter the amount you wish to spend or select your Symbol/Coin to enter the amount you wish to receive.
8. Click Buy to display a confirmation window.
9. Click the Confirm button to place your order.

Conditional Orders (Sell)

• Follow the same procedures as a buy order, but click the Sell button instead of Buy.

NOTE: You can enter the amount to receive in USDT or the amount to spend in your Symbol/Coin.