Cryptocurrency Q&A
How to place a trade on Phemex?
How to place a trade on Phemex?
Dario
Fri Oct 04 2024
|
6 answers
1629
Hello, I'm new to Phemex and I'm curious about how to place a trade on the platform. Could you please guide me through the process step-by-step? I'd like to understand the different order types available, how to set my price and quantity, and what are the fees associated with trading on Phemex. Additionally, I'm also interested in knowing if there are any safety measures in place to protect my funds and personal information while trading on the platform. Thank you in advance for your help!
6 answers
WhisperInfinity
Sat Oct 05 2024
Placing a spot conditional order on our platform is a straightforward process. Begin by navigating to the main page and locating the Spot option in the header.
Was this helpful?
96
94
SeoulStyle
Sat Oct 05 2024
Next to the ticker, you'll see the "BUY" option, which is also selected by default. This indicates that you're placing a buy order. If you wish to sell, simply click on the "SELL" option.
Was this helpful?
231
60
Giulia
Sat Oct 05 2024
In terms of order types, the "Limit" order type is selected by default. A limit order allows you to specify the maximum price you're willing to pay (for a buy order) or the minimum price you're willing to accept (for a sell order).
Was this helpful?
367
36
MysterylitRapture
Sat Oct 05 2024
Hover your mouse cursor over the Spot option to reveal the available options. From there, click on "Spot Trading" to proceed.
Was this helpful?
275
57
InfinityVoyager
Sat Oct 05 2024
Once you're in the Spot Trading interface, you'll notice the Place Order module on the left side of the screen. This is where you'll input your order details.
Was this helpful?
273
94
Load 5 more related questions
