[ANN] Phemex - Cryptocurrency derivatives trading

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What is Hash Rate?

In simple terms, the hash rate is a measure of how much processing power the Bitcoin network has at any given time. The process of mining involves solving difficult math puzzles. Solving these equates to successfully ‘hashing’ a block of verified transactions that is then added to the blockchain. The more attempts the network performs per second, the higher the hash rate.

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I think, it is a good approach that is necessary while trading. Surely, financial situation today is not too simple. But if we work according tothe described tendencies and with the help of reliable platforms, all the members will have good profit.

It is right!

Regards

 

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The Wolf Den Crypto Newsletter

Dear Phemex community, today we would like to share a preview of the very informative and valuable Wolf Den Crypto Newsletter, which we are proud to sponsor.

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Phemex platform has been updated: support for multiple languages!

The homepage has added multilingual features.

For more information, please visit the official website:

暗号資産取引所 | ビットコイン＆ 暗号資産を低手数料で取引 | Phemex

Phemexはビットコインなどの暗号資産を売買・取引できる安全で効率的な暗号資産取引所です。数百万人のユーザーに信頼されているプラットフォームで低手数料、高度なツール、一流のセキュリティをお楽しみいただけます。

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The Basics of Blockchain

This short article will teach you everything you need to know about the basics of blockchain technology. This is useful knowledge for anyone that wishes to understand cryptocurrencies and Bitcoin Futures Trading better.

A blockchain is essentially a form of online ledger or bookkeeping tool. Because it was designed to be both tamper-resistant and tamper-evident, it is often used to record sensitive and valuable data such as financial transactions, personal identification information, and even election voting results. However, as many already know, its most famous application has been for cryptocurrencies such as Bitcoin. Without this technology at its core, crypto and bitcoin futures trading would not be possible.

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Bitcoin VS Blockchain


If you are new to the cryptocurrency world, you have undoubtedly heard the words “bitcoin” and “blockchain” mentioned constantly. Many often use the terms interchangeably. Although related, the reality is that each represents a unique concept. This article will help you understand the basic uses and differences between them.

What is Blockchain?

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How do I set a Take Profit or Stop Loss order?

If you are placing an order for the first time, please view How do I place a Perpetual Contract Order? Follow the instruction to successfully place an order with a Take Profit, Stop Loss, or both conditions.

If you wish to set Take Profit or Stop Loss conditions to positions that you have already opened, perform the following steps:

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How do I register an account on Phemex?

To register a new account on Phemex, perform the following steps:

* Go to Phemex.com and click Register on the top right corner of the page.
* nter your email address, password, and an invitation code if you have one. Click Continue.
* You will be sent a verification email and code. Enter it in the next window that appears.
*Begin trading!

NOTE: Passwords must contain more than 8 characters including an upper-case, lower-case, and a digit.

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Phemex Lists XTZ!

Dear Phemex Users,

Phemex has partnered with Tezos to list its XTZ Coin! Users can now Spot Trade XTZ/USDT with Zero Fees through our Premium Membership.

About Tezos：

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What is the Insurance Fund and Auto-Deleveraging?

Phemex uses an Insurance Fund to prevent positions from becoming Auto-Deleveraged. The Insurance Fund alleviates unfilled liquidation orders on the platform before they are taken over by the auto-deleveraging system. Due to how Phemex’s platform is structured, the exchange does not require payments from traders who have negative account balances when they are liquidated in a leveraged trade. Instead, the exchange uses its Insurance Fund to ensure the winning party of a trade receives all of their expected profits, even if the losing party does not have enough to cover the winning party’s gains. The Fund grows from liquidations that were able to be executed in the market at a price better than the bankruptcy price of that specific position.

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What is a Close On Trigger order?

Close on Trigger is a special order condition that is similar to Reduce Only in that it only allows you to reduce or close, but not increase your positions. In addition, once triggered, this condition cancels all other orders that apply to the same position (such as take profit or stop loss orders).

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What are Blockchains?

Blockchains are essentially electronic ledgers. Their entire purpose is to record transactions. In terms of cryptocurrencies, any time a coin is transferred, a permanent record of this action is securely added to a blockchain.

Blockchain - What is Blockchain Technology? - Phemex Academy

The earliest mention of a blockchain technology dates back to a 1982 paper titled “Computer Systems Established, Maintained, and Trusted by Mutually Suspicious Groups”.

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Phemex Partners with Stacked!

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.

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Dear traders,

Following our commitment to provide you with the best services and features, we have now released the ability to place Bracket Orders when trading contracts!

A bracket order is an incredibly powerful trading tool. It consists of a Primary order that comes with a set of Take Profit and Stop Loss orders that behave like an OCO (One Cancels the Other) order. It will help our traders maximize their ability to capture profits and decrease losses in a streamlined manner. To learn more about this feature please read our official user guide here: What is a Bracket Order?

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Phemex Launches New Fiat Channel – Simplex

Dear Phemex Users,

Phemex has partnered with Simplex! Traders can now use the Simplex channel to purchase digital currencies on our Buy Crypto page.

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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:
10% off market taker fees
7-day premium membership trial
To get started, simply follow 3 easy steps:

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What is FIX API?

FIX API stands for Financial Information Exchange API. Like all other APIs, it is a set of communication protocols that help different systems communicate. However, FIX API was specifically designed for the transfer of financial data. In other words, it is much more optimized and dedicated to financial trading than other APIs which tend to be more broadly applicable. As such, FIX API yields much more efficient and faster results for traders.

Phemex is one of the very few exchange platforms that actually offers FIX API. This means that our traders using this protocol will benefit from faster and more optimized operations.

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Phemex TradingView Integration!

TradingView is the leading all-in-one financial data, charting, and trading platform. More than 10 million users take advantage of the site’s powerful real-time charting and analytics tools to follow the market and make the best possible trades. Its world-class charts attract and empower investors with both traditional and crypto backgrounds. To get started, create a free account or explore their Premium features at https://www.tradingview.com/gopro/

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Common Questions

How much of my margin balance should I generally use?
We always recommend not using all your available balance at once. Instead, opt for using a portion of your margin balance when possible.

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Phemex Partners with NapBots!

Dear Traders,

Phemex is excited to announce its newest partnership with NapBots!

NapBots, belonging to the French Napoleon Group, is led by former Tier 1 banking multi-billion dollar asset managers. The team has over a decade of experience creating and deploying trading algorithms for traditional assets. Now, their proven technology is being applied to a variety of highly liquid crypto assets.

By using NapBot’s world-class trading bots, clients can automate their spot trading strategies on Phemex. To learn more about NapBots and its services please visit: https://napbots.helpdocs.io/

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