Answers to the phemex quiz are available below along with questions, make sure to select the correct answer in order to claim free crypto rewards through Phemex learn and earn program.

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Phemex Topic 2 Quiz Answers - Learn And Earn Program

How to Buy or Transfer Crypto on Phemex? Quiz Answers!

Lesson 1

1Does Phemex offer any options to purchase crypto with credit cards?


2On the Buy Crypto page, what cryptocurrency is set by default?


3. Which one of the following payment channels is NOT supported by Phemex?

A. CoolCrypto

Lesson 2

1. What does OTC stand for?

A. Over-The-Counter

2. What does our OTC service allow you to do?

A. Purchase crypto with US Dollar bank/wire transfer

3. Which header option must you click first to find our OTC trading page?

A. Buy Crypto

4. Can you use our OTC services without activating your account first?

      A. No

     5. During the activation process, individuals must select the option labeled:

A. Individual

Lesson 3

1. Once your OTC account is enabled, you will see a balance module on the OTC trading page.

2With your OTC trading account activated, the next step is to:

A. Deposit

3. Look at the deposit instruction page below and type in the correct reference code that would need to be added to your transfer as a note. 


4Once your deposit is successful, you will see your fiat balance on the:

A. OTC Trading Page

Lesson 4

1. With your OTC account enabled and a fiat balance available, you’re ready to:

A. Purchase Some Crypto

2Based on the image below, 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.

A.11 Seconds

3. Based on the image below, how much LTC did this account purchase?

A. 3.14366319

Lesson 5

1. If you wanted to transfer crypto to your Phemex wallet, which button would you click first?

A. Deposit Button

2. On the Deposit page, what’s the crypto that is selected by default?


3. Hovering your mouse over the Show QR code option will:

 A. Display your wallet QR code

4If your deposit/ transfer was successful, where can you see your updated crypto balance?

A. The Assets Page


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