Buy Verified Phemex Account

Buy verified Phemex Account with documents

What is Phemex Account?

The Phemex cryptocurrency exchange is a full-service platform. It offers leverage trading up to 100 times your initial investment amount and accepts deposits from credit cards. Phemex provides ways to earn interest, and it offers free real-time trades for premium members.

Buy Verified Phemex Account – Full Details

• Verified Phemex Account
• Will provide all login information
• Information regarding the backup
• Customer support
• Verification documents

How do I make a Withdrawal?

To initiate a withdrawal for the first time, perform the following steps:

1. Log in to Phemex.com and click Assets on the top right corner of the page.
2. Click Withdraw on the left-side menu.
3. Click the Address Management link on the top right side of the page.
4. Click the Add Withdrawal Address button.
5. From the drop-down menu, select your desired symbol/coin.
6. Enter your desired wallet address and name, then click Confirm.
7. Enter your Google Authenticator code. If you do not yet have Google Two-Factor Authentication enabled, please view How do I enable Google Two-Factor Authentication?
8. Check your inbox and copy and enter the verification code into the new window.
9. Click the Back button on the top left side of the page.
10. Click on the Choose A Withdrawal Address field and select your newly added address. Then enter your desired amount.
11.Click the Withdrawal button.
Enter your Google Authenticator code once again.
12. Check your inbox for a confirmation email sent by Phemex. Once you click on the confirmation link, your withdrawal will be fully confirmed.

How do I make a Deposit?

To make a deposit into your Phemex account wallets, perform the following steps:

1. Log in to Phemex.com and click Assets on the top right corner of the page.
2. Click Deposit on the left-side menu of the page.
3. Select BTC from the drop-down menu.
4. Click the Continue button to display your BTC deposit wallet address and QR code.
5. Copy and paste the address or scan the QR code with your personal BTC wallet to begin the transaction. Simply select the desired amount and send to your Phemex wallet.

What is a Funding Rate?

The funding rate is calculated by considering the interest rates for both trading pair currencies and the Premium Index. The calculation either yields a positive (longs pay shorts) or a negative (shorts pay longs) funding rate.

On Phemex, there is an exchange of payments that happens every 8 hours with the funding rate deciding who pays who. This exchange of payments causes the Last Traded Price to move closer to the Mark Price.

For example, let’s imagine that the current Last Traded price for a product on our platform is significantly higher than the Mark Price. Logically, this means that there are more traders with long positions. As such, they will likely end up paying short position holders at the time of funding.

Because traders are aware of when funding will occur, they then become less likely to want to hold these positions and more likely to sell. Hence, the Last Traded price will continually drop and approximate the Mark Price.

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