Welcome to MemeX– the newest and most exciting way to trade Solana meme 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 Meme Trading?
Meme Trading allows you to buy and sell Solana-based meme 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No Withdrawals – Meme coins cannot be withdrawn.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 Meme Trading
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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 "MemeX" 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 Meme Trading 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 Meme Trading 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.
