Phemex Blog
Phemex Crypto Blog: Learn the latest news, updates, and industry insights on bitcoin futures, bitcoin trading, crypto derivatives exchange, and related blockchain technology.
  1. Home
  2. User Guides
  3. Spot Trading Guides
  4. How do I Buy or Sell Crypto on the Spot Market? (APP)

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

To place your first spot order on the Phemex App, perform the following steps.

Phemex offers three types of orders:

Market Orders

  1. Open the Phemex App and log in to your account.
  2. Tap the Circular Icon within the bottom navigation bar.
  3. Tap the hamburger menu (three horizontal lines) at the top left of the screen to display a list of all spot pairs. The default selected is the BTC/USDT pair.
    NOTE: If the list is defaulted to Favorites, select the ALL tab to view all pairs instead.
  4. Select the pair you wish to trade. Tap either the Buy or Sell button. By default, you will already have the Market Order tab selected.
  5. Enter the value (in USDT) of the target crypto you wish to order in the Amount field.
    NOTE: As you enter an amount in USDT, a counter will display how much of the target crypto you will receive. Alternatively, you can tap the By quantity option. This will allow you to enter the amount of the target crypto you want, while the counter will display how much this costs in USDT.
  6. Tap the Buy/Sell button.
  7. Your order will be immediately executed and filled at the best available market price. You can now see your updated balances on the Assets page.

Limit Orders

  1. Open the Phemex App and log in to your account.
  2. Tap the Circular Icon within the bottom navigation bar.
  3. Tap the hamburger menu (three horizontal lines) at the top left of the screen to display a list of all spot pairs. The default selected is the ETH/USDT pair.
    NOTE: If the list is defaulted to Favorites, select the ALL tab to view all pairs instead.
  4. Select the pair you wish to trade. Tap either the Buy or Sell button. Tap Limit order tab near the center of the screen.
  5. Enter your desired limit order trigger price in the Price field.
  6. Enter the value (in USDT) of the target crypto you wish to order in the Amount field.
    NOTE: As you enter an amount in USDT, a counter will display how much of the target crypto you will receive. Alternatively, you can tap the By quantity option. This will allow you to enter the amount of the target crypto you want, while the counter will display how much this costs in USDT.
  7. Tap the Buy/Sell button.
  8. Your order will be posted to the order book until your limit price is reached. The order and how much of it has filled can be seen under the Orders section within the same page.

Conditional Orders (Premium Members Only)

  1. Open the Phemex App and log in to your account.
  2. Tap the Circular Icon within the bottom navigation bar.
  3. Tap the hamburger menu (three horizontal lines) at the top left of the screen to display a list of all spot pairs. The default selected is the BTC/USDT pair.
    NOTE: If the list is defaulted to Favorites, select the ALL tab to view all pairs instead.
  4. Select the pair you wish to trade.
  5. Tap either the Buy or Sell button.
  1. Tap Conditional order tab near the center of the screen.
  2. A conditional order allows you to set a trigger price that then executes either a market or limit order:
    • Market Order
      1. By default, the Market option is already selected. Enter the trigger price in the Tri.Price field.
      2. Enter the value (in USDT) of the target crypto you wish to order in the Amount field.
        NOTE: As you enter an amount in USDT, a counter will display how much of the target crypto you will receive. Alternatively, you can tap the By quantity option. This will allow you to enter the amount of the target crypto you want, while the counter will display how much this costs in USDT.
      3. Tap the Buy/Sell button.
      4. Once the trigger price is reached, your order will be immediately executed and filled at the best available market price. You can now see your updated balances on the Assets page.
    • Limit Order
      1. Select the Limit option
      2. Enter the trigger price in the Tri.Price field.
      3. Once the trigger price is reached, a limit order will be created. Enter the price for the limit order in the Price field.
      4. Enter the value (in USDT) of the target crypto you wish to order in the Amount field.
      5. Tap the Buy/Sell button.
      6. Once the trigger price is reached, your order will be posted to the order book until your limit price is reached. The order and how much of it has filled can be seen under the Orders section within the same page.

For any inquiries contact us at support@phemex.zendesk.com
Follow our official Twitter | Join our community on Telegram
Trade crypto on the go: Download for iOS | Download for Android
Phemex | Break Through, Break Free

Was this article helpful?

Related Articles