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Phoenix

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What is Phoenix?

Phoenix is a non-custodial, decentralized exchange for perpetual futures built on the Solana blockchain.

Non-Custodial

Maintain full control of your assets at all times

Decentralized

Built on Solana for fast, transparent transactions

Perpetual Futures

Trade perpetual contracts with leverage

No Expiration

Contracts have no date expiration

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Accessing Phoenix

Phoenix is available at phoenix.trade. Phoenix is not available in the U.S. or sanctioned jurisdictions.

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Connect Wallet and Fund Account

Before you begin, make sure you can buy and withdraw USDC from a cryptocurrency exchange. Phoenix currently accepts USDC as collateral.
1

Choose How to Sign In

Option A: Email or Google

Recommended for first-time usersSelect Start Trading, then log in with Google or enter your email. Phoenix creates a wallet for you through Privy, so you do not need to install a wallet extension.

Option B: Browser Wallet

Recommended browser walletsInstall Solflare, Phantom, or Backpack, then create a wallet. If this is your first browser wallet, follow Solflare’s step-by-step setup guide.Then select Start Trading, select Connect new wallet, and choose your wallet.
2

Fund Your Account with USDC

Buy USDC from a cryptocurrency exchange, withdraw it to the wallet you use with Phoenix, then deposit it from that wallet into Phoenix:
  1. Buy USDC on an exchange.
  2. Copy your wallet address from the Phoenix account menu. On the exchange, withdraw your USDC to that address and select Solana as the withdrawal network.
  3. After the USDC arrives in your wallet, return to Phoenix and select Deposit.
  4. Enter the amount, select Submit Deposit, and follow the on-screen prompts to confirm the deposit.
3

Place a Basic Trade

After funding your account:
  1. Select the market you want to trade.
  2. Choose Market to trade at available prices, or Limit to set a price. A limit order may remain open if it cannot fill at your price or better.
  3. Choose Long/Buy or Short/Sell, then enter the size. For a limit order, also enter the Limit Price.
  4. Review the order details, select Place Order, and confirm the order.
Learn more: Order Types, Fees, and Risk Warning.