In its most basic sense, Phemex Onchain is a unified trading platform offering the convenience of a centralized exchange (CEX) with the liquidity quotient of today’s top performing decentralized protocols. As a result, it enables users to seamlessly buy/sell tokens on Solana, BNB Smart Chain (BSC) and Base via a single USDT balance sheet (all contained within a user’s Phemex account). 
 

Moreover, by removing the need for separate wallets, bridges or listings, the platform simplifies on-chain trading such that users can navigate emerging markets and new tokens directly from their spot wallets, paying only a flat 1% service fee. All trades settle instantly in USDT, so purchased coins are held on-chain and any profits are automatically returned to the user’s Phemex spot wallet.

 

How Phemex Onchain Works
 

Phemex Onchain uses a person’s existing Phemex account and USDT balance to trade on-chain coins without external wallets or manual bridges. Behind the scenes, trades are routed through trusted DeFi protocols so for example, on the Solana network, Phemex taps DEX aggregator Jupiter to scan multiple liquidity pools so as to find optimal price correlations. Similarly, for Base and BNB Chain, the 0x Protocol powers the swap engine, aggregating liquidity from major AMMs on those EVM networks. 

 

This architecture delivers deep liquidity and competitive pricing on every trade. To put it simply, Phemex Onchain gives users the power of “no wallet required” trading (with all blockchain interactions handled) along with access to thousands of coins that might not yet be listed on centralized venues.

 

Supported Networks

Phemex Onchain currently supports Solana, Base and BNB Smart Chain (BSC) but integration with the Ethereum ecosystem is slated for the near future. These chains cover much of the new-token landscape with Solana being well known for rapid token launches, while Base and BNB Chain too are popular hosting avenues for many popular DeFi projects. 

 

Users can simply choose the network and token they want and then facilitate their purchase using USDT. Since trades occur on-chain, oftentimes new or trending coins appear on Phemex Onchain before they make an appearance on major exchanges.

 

Step-by-Step Guide to Trading with Phemex Onchain

Getting started with Phemex Onchain is fast. Users need to start by logging into their accounts and ensuring that they have some USDT in their spot wallets. Subsequently, they need to follow the steps outlined below:

 

1. Open the Onchain portal: In the Phemex app or web platform, click the “Onchain” tab.
2. Select a network: Choose Solana, BNB Chain or Base from the network menu.
3. Pick a token: Browse the list of on-chain tokens or search by name/contract. Click a coin to see its chart and details.
4. Buy or sell: Enter how much USDT needs to be spent. Confirm the trade; Phemex will execute it on the blockchain using any existing USDT balance. The process typically takes only a few seconds (e.g. ~1–2s on Solana, ~3–5s on Base).
5. View your holdings: Purchased coins are shown in the ‘holdings’ section. When the time to make an exit comes, users can sell the coin back to USDT. The USDT proceeds return instantly to one’s main spot wallet.

 

Key Benefits of Phemex Onchain

To ensure competitive pricing, Phemex Onchain routes every swap through top aggregators. For instance, on Solana, Jupiter splits orders across multiple pools to minimize slippage and find the best rate. Similarly, on Base and BNB Chain, 0x Protocol’s swap API (Argon Router) composes multi-hop routes across dozens of DEXes and market makers to deliver the lowest price.

 

• Example: Phemex Onchain may combine liquidity from Raydium, Serum and Orca on Solana via Jupiter, or from PancakeSwap, BEP-20 Curve pools, and other BSC/Base sources via 0x. 

For traders

Traders get instant access to new tokens across chains without having to manage multiple wallets. There’s only one interface and wallet to take care of, reducing any associated complexities (no manual bridging, no extra fees, no wallet approvals). Additionally, users can access fast execution, advanced charts, leverage options in conjunction with real-time tools like AI-screening of trending tokens, live transaction feeds and security alerts.

For token projects

Phemex Onchain is a way to instantly tap into the exchange’s massive user base. Projects that meet Phemex’s criteria can apply for a free listing, exposing their tokens to thousands of traders. Phemex’s partnership initiatives (such as its Collaborator program) also reward creators and influencers who drive engagement. Qualified projects and Key Opinion Leaders (KOLs) can join Phemex’s affiliate network to earn commissions on trading fees.  
 

Getting Started with Phemex Onchain
 

To try Phemex Onchain, all prospective users need to do is simply register for a Phemex account using Whaleportal’s referral code (H2YHK) and deposit USDT into their spot wallets. No extra setup is required as any other on-chain interaction is handled automatically.

 

Sign up today and start trading Solana, BNB Chain, and Base tokens in seconds. Experience how effortless on-chain trading can be with Phemex.

 

Frequently Asked Questions

 

What is Phemex Onchain?

Phemex Onchain is a unified trading platform that combines CEX convenience with DEX liquidity, allowing users to trade Solana, BNB Chain, and Base tokens using only USDT from their Phemex spot wallet. No external wallets required.
 

Does one need a crypto wallet to use Phemex Onchain?

No. Users can trade directly from their Phemex account using their existing USDT balance. No external wallets like MetaMask or Phantom are needed.
 

What are the fees for Phemex Onchain?

Phemex Onchain charges a flat 1% service fee on all trades, which includes blockchain gas costs.
 

Which blockchains does Phemex Onchain support?

Currently: Solana, BNB Smart Chain (BSC), and Base. Ethereum integration is planned for the future.
 

How fast are trades on Phemex Onchain?

Trades execute in approximately 1-2 seconds on Solana and 3-5 seconds on Base and BNB Chain.

 

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