What is Phemex Learn & Earn?
Launched in 2019, Phemex is a Singapore-based cryptocurrency and derivatives trading platform serving around 2 million active users.
Just like Coinbase, CoinMarketCap or Earnathon, Phemex is offering "Learn and Earn" campaigns to reward their users for learning about cryptocurrencies. Learn about basis crypto concepts and features, take a simple quiz to put your knowledge to test and in exchange you receive trading bonuses in your Trading Accounts for every completed quiz. However, I haven't figured out what to do from those free bonuses as I do not intend to trade or deposit any money into Phemex...
To get started, you simply have to sign up to Phemex. Once you're all set, you can now take the quiz to which you will find the answer below.
How to buy or transfer crypto on Phemex?
This course will teach you how to get started with purchasing or transferring crypto onto Phemex. Before taking the quiz, make sure to watch their short videos, you might learn something new and I find them really well made!
- Does Phemex offer any options to purchase crypto with credit cards?
Yes - On the Buy Crypto page, what cryptocurrency is set by default?
Bitcoin BTC - Which one of the following payment channels is NOT supported by Phemex?
CoolCrypto
- What does OTC stand for?
Over-the-counter - What does our OTC service allow you to do?
Purchase crypto with US Dollar bank/wire transfer - Which header option must you click first to find our OTC trading page?
Buy Crypto - Can you use our OTC services without activating your account first?
No - During the activation process, individuals must select the option labeled:
Individual
- Once your OTC account is enabled, you will see a ________ ________ on the OTC trading page.
Balance module - With your OTC trading account activated, the next step is to:
Deposit - Look at the deposit instruction page provided and type in the correct reference code that would need to be added to your transfer as a note.
NAEIQWH - Once your deposit is successful, you will see your fiat balance on the:
OTC Trading Page
- With your OTC account enabled and a fiat balance available, you’re ready to:
Purchase some crypto - Based on the image provided, how much time would you have left to click the Buy button before the time expires, and you would have to request a new quote?
11 seconds - Based on the image provided, how much LTC did this account purchase?.
3.14366319
- If you wanted to transfer crypto to your Phemex wallet, which button would you click first?
Deposit button - On the Deposit page, what’s the crypto selected by default?
Bitcoin BTC - Hovering your mouse over the Show QR code option will:
Display your wallet QR code - If your deposit/ transfer was successful, where can you see your updated crypto balance?
The Assets Page
After successfully completing the quizzes, you should have received $10 USD in trading bonuses.
Thanks for reading.
Disclaimer: All information found on this article is for informational purposes only. I do not provide any personal investment advice so please make your own research before proceeding to any investment/trading actions.
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