[ANN] Phemex - Cryptocurrency derivatives trading

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Phemex is looking for a French Community Manager!

This is a remote part-time position. The ideal candidate will be a cryptocurrency enthusiast skilled at managing and engaging with our french online community, mainly on Telegram. The goal is to build brand awareness and engagement.
Responsibilities
Successfully create, manage, and grow a local community to help new users use our platform smoothly.
Maintain an active community by responding to users’ questions and comments by, sharing announcements/events/campaigns, and by generating discussions on relevant topics.
Assist in organizing local online and offline events or meet-ups in creative ways.

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Withdrawal Process

The Withdrawal process at Phemex is quick and takes only 4 simple steps:
*Step 1 Submit a request
*Submit a withdrawal request from your ‘Assets’ page.
*Step 2 Email confirmation

Click the link in the email sent by Phemex to confirm you withdrawal.

*Step 3 Manual verification

For this step you simply have to wait as we manually verify all pending withdrawals.

*Step 4 Transfer

Finally, all verified assets will be transferred to their destination address.

Withdrawal Process - Official Phemex Help Center

Here you will be able to find how to solve all the withdrawal process questions. If you want a tailored answer, please get in touch with support@phemex.com

phemex.com

 

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What is Slippage Protection?

Slippage Protection is a mechanism that shields a user’s positions from immediate liquidations and high-risk situations when filling orders. The goal is to prevent users from experiencing execution prices outside of their expectations. In other words, it minimizes an order’s ability to execute at increasingly detrimental prices.

Slippage protection activates when traders use Market Orders. Consider the following scenario:

What is Slippage Protection? - Phemex

Slippage Protection is a mechanism that shields a user’s positions from immediate liquidations and high-risk situations when filling orders. The goal is to prevent users from experiencing execution prices outside of their expectations. In other words, it minimizes an order’s ability to execute...

phemex.com

 

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We Launch Dark Mode

Phemex cares about its users! That is why we just launched our new dark mode version of our trading platform. Everything is the same, it just looks more sophisticated. With the night mode, you will be able to trade at any hour of the day and night, without making your eyes feel tired. When we stare at Phemex charts for several hours, the default light theme can become painful to the eyes. But now it is no longer a problem.

We Launch Dark Mode Trading - Phemex Help Center

Phemex cares about its users! That is why we just launched our new dark mode version of our trading platform. Start trading Bitcoin and XRP on Phemex now!

phemex.com

 

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How do I earn a referral Bonus?

Inviting friends to trade on Phemex.com will earn both of you Trading Bonuses. To start earning, perform the following steps:

Log in to Phemex.com and click on your Account name on the top right corner of the page.
* Click Referral on the left-side menu of the page.
* Click Invite Friends.
* Click the Invite Now button to display a referral code and link.
* Share this code or link with friends

How do I earn a referral Bonus? - Phemex

Inviting friends to trade on Phemex.com will earn both of you Trading Bonuses. To start earning, perform the following steps: Log in to Phemex.com and click on your Account name on the top right corner of the page. Click Referral on the left-side menu of the page. Click Invite Friends. Click the...

phemex.com

 

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Bitcoin Cash Fork – Phemex

The Bitcoin Cash (BCH) network is currently facing the possibility of a contentious hard fork. The fork is expected to occur at 12:00 on November 15, 2020 (UTC). Given that participants have not reached a consensus, the outcome of the fork is entirely uncertain.

What does this mean for Phemex users?
On November 5, 9:00 AM (UTC):

Our BCHUSD perpetual contract will only support Reduce Only orders or the closing of positions.
On November 6, 3:00 AM (UTC):

What does the Bitcoin Cash hard fork mean for Phemex users? - Phemex

On November 5, 9:00 AM (UTC): Our BCHUSD contract will only support Reduce Only orders or the closing of positions. Read more on how it will effect our users.

phemex.com

 

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Phemex Privacy Policy

This Privacy Policy, together with our Terms of Service, governs Phemex’s collection, processing and use of your Personal Data. As used in this Privacy Policy, ‘Phemex’, ‘we’, ‘us’ or ‘our’ refers to Phemex Limited. Phemex Limited the data is controlled under this Privacy Policy, which sets out the manner in which both companies, as data controller, may use your Personal Data.

“Data Privacy Law” means data protection law is applicable to Phemex. This including the EU General Data Protection Regulation 2016/679, its successors or implementing texts. “Personal Data” has the meaning set forth in DP Law. This notice covers our use of your personal data arising from the use of the Phemex website. As well as registering/subscribing/buying/using our products and services. If you have any questions or need any further clarity, please get in touch. Contact details are set out below in the Contact Us section.

Phemex Privacy Policy - Official Phemex

This Privacy Policy, together with our Terms of Service, governs Phemex’s collection, processing and use of your Personal Data.

phemex.com

 

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Update to List of Restricted Countries/Regions

Please take note: due to changes in local laws and regulations we have updated the Phemex Terms of Use to reflect additions to the list of countries/regions restricted from using the Phemex platform and services.

The most recent additions to the list are as below:

China
Hong Kong SAR
Republic of Seychelles
Bermuda

Update to List of Restricted Countries/Regions - Phemex

Please take note: due to changes in local laws and regulations we have updated the Phemex Terms of Use to reflect additions to the list of countries/regions restricted from using the Phemex platform and services. The most recent additions to the list are as below: China Hong Kong SAR Republic of...

phemex.com

 

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Phemex Partners with Goose-AX Trading Bot

Dear Traders,

Phemex is excited to announce its newest partnership with Goose-AX!

Goose-AX is a fully automated solution to trade all alts on Phemex! They offer fully customized strategies with proven success. While many bots offer some aspects of trading such as indicators, Goose-AX strives to be a completely automated solution for all your trading needs!

By using Goose-AX’s world-class trading bots, clients can automate their contract strategies on Phemex. To learn more about Goose-AX and its services please visit: https://goose-x.com/ and join them on Discord https://discord.gg/ZMN5MSr

Phemex Partners with Goose-AX Trading Bot - Phemex

Dear Traders, Phemex is excited to announce its newest partnership with Goose-AX! Goose-AX is a fully automated solution to trade all alts on Phemex! They offer fully customized strategies with proven success. While many bots offer some aspects of trading such as indicators, Goose-AX strives to...

phemex.com

 

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Update to Spot Market Outage

Dear Traders,

A recent spike in message volume caused an unexpected outage in our system. More specifically, one of our instances responsible for our spot market order book publishing and execution crashed and was unable to update all user orders for a short period of time. As such, when the system resumed its regular functioning, some large sell market orders were executed at bad prices. Our ETH and XRP markets particularly, experienced significant wicks.

As always, Phemex remains committed to transparency and taking corrective actions when necessary. If you were affected by this incident please contact our customer service at support@phemex.com or through our live chat window to receive a full refund for any trades executed at unexpected prices during this time.

We sincerely apologize for any and all inconveniences this may have caused.

Update to Spot Market Outage - Phemex

Dear Traders, A recent spike in message volume caused an unexpected outage in our system. More specifically, one of our instances responsible for our spot market order book publishing and execution crashed and was unable to update all user orders for a short period of time. As such, when the...

phemex.com

 

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New Bonus and Discount for Inviting Friends!

Starting today, every time you invite a friend to register on Phemex.com, you will both be rewarded!

What you get:
10% off market taker fees
50% of your friend’s welcome bonus amount
What your friend gets:

New Bonus and Discount for Inviting Friends! - Phemex

Starting today, every time you invite a friend to register on Phemex.com, you will both be rewarded! What you get: 10% off market taker fees 50% of your friend’s welcome bonus amount What your friend gets: 10% off market taker fees 7-day premium membership trial To get started, simply follow 3...

phemex.com

 

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Phemex is proud and excited to announce its newest partnership with Stacked!

“Stacked allows everyone to invest in crypto indices, access trading bots, and automate portfolio management.”

For both experienced and beginner traders alike, Stacked simplifies and automates crypto trading by offering diversified crypto baskets meticulously curated to outperform the market. In addition, joining their program gives you access to a variety of customized trading bots that instantly connect to your favorite trading accounts.

Phemex Partners with Stacked! - Phemex

Phemex is proud and excited to announce its newest partnership with Stacked! “Stacked allows everyone to invest in crypto indices, access trading bots, and automate portfolio management.” For both experienced and beginner traders alike, Stacked simplifies and automates crypto trading by offering...

phemex.com

 

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What are Crypto Trading Bots?

Trading bots are programs used to carry out automated algorithmic trading. They connect to crypto exchanges through APIs in order to place small orders very quickly on your behalf. An API is needed for the bot to interact with the exchange of your choice. It is a part of the exchange that allows third parties to pull data from the exchange and make specific changes to an account.

What are Crypto Trading Bots? Are They Profitable? - Phemex Blog

Crypto Trading bots are programs used to carry out automated algorithmic trading. They connect to crypto exchanges through APIs.

phemex.com

 

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Dear Traders!

We’re happy to announce that Phemex will support the SPARK Airdrop for all XRP holders on our platform.

SPARK Airdrop for XRP Holders on Phemex - Phemex

Dear Traders, We’re happy to announce that Phemex will support the SPARK Airdrop for all XRP holders on our platform. How Will It Work? Suspension of deposits and withdrawals: On December 11, 2020, at 2 AM UTC, XRP deposits and withdrawals will be temporarily suspended. Note: This will not...

phemex.com

 

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Dear traders!

Earlier in November we temporarily suspended all spot and contract trading for Bitcoin Cash (BCH) due to a forking process. Please review the original announcement here.

Today, we are happy to announce that we resumed all trading activities for the original BCH (not the fork) that was supported on our platform.

All trading services were enabled this Friday, December 11th, 2020 at 3 AM UTC.

Thank you for your patience and support.

https://phemex.com/announcements/resumption-of-bch-on-phemex

 

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Bitcoin: Why it isn’t a Ponzi Scheme

When people encounter something new or something that they don’t understand, there is often mistrust and a need to tie this new thing to something familiar. Bitcoin is undoubtedly no exception.

One familiar concept that Bitcoin often wrongly gets equated with is a Ponzi scheme.

Bitcoin: Why it isn't a Ponzi Scheme - Phemex Blog

Bitcoin itself isn’t a Ponzi scheme, it is entirely transparent; anyone, at any time, can inspect the public ledger to see how much Bitcoin is moving.

phemex.com

 

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Crypto Holiday Gift Guide for 2020

With 2020 being the year that it has been, it’s understandable that you might have let your holiday shopping slip under the radar. But don’t worry, we’ve rounded up some of the best gift ideas for crypto lovers in your life or to commemorate the Christmas that Bitcoin hit 20K!

2020 Crypto Holiday Gift Guide - Phemex Blog

We’ve rounded up some of the best gift ideas for crypto lovers in your life or to commemorate the Christmas that Bitcoin hit 20K!

phemex.com

 

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Crypto Spot Trading vs. Futures Trading

Over the years, cryptocurrency derivatives have witnessed a number of developments. Firstly, crypto futures exchanges have had to sweat it out with regulatory authorities. Exchanges have had to defend their derivative products so as to be allowed to launch them for the general public.

Spot Trading vs. Futures Trading - What is the difference? - Phemex Blog

For crypto traders, understanding the difference between bitcoin spot trading and bitcoin futures trading is the first step to becoming a successful trader.

phemex.com