Phemex is one of the most trusted and reliable exchanges where users can turn their cryptocurrencies into profits. The exchange emerged out of necessity in 2019 as the founders perceived a lack of professional etiquette, credibility, and customer support in the world of crypto exchanges.
The goal of the crypto exchange, which currently has over 2 million users worldwide, is to enable everyone to trade cryptocurrencies with ease and efficiently control the risk of crypto markets.
The exchange is based in Singapore and is run by eight former Morgan Stanley executives. Currently, the exchange employs hundreds of people to provide the best possible experience for its traders and investors 24/7.
Visit the official site of Phemex and get started today.
The Essential Features and Benefits of Phemex
Currently, Phemex ranks 6th among the exchanges by daily trading volume. The platform allows fee-free spot trading of 250+ cryptocurrencies and an academy with 400+ crypto articles for both newbie and advanced traders.
Crypto derivatives can be traded with up to a hundredfold leverage. The offer ranges from the most well-known trading pairs such as BTCUSD, ETHUSD, ADAUSD to popular, less well-known trading pairs such as APEUSD, CHZUSD or IMXUSD.
Unlike many other exchanges, you do not need a completed KYC (identification) to use the platform. This way, users can start trading today using Phemex’s web version or its own mobile app.
With the Phemex demo account, novice and experienced users can try out their trading strategies risk-free. However, should a problem arise, Phemex offers 24/7 customer support so you can trade smoothly at all times.
A welcome program that is impressive
Phemex offers a generous welcome program for users who are new to the platform. When opening an account, they can look forward to a lot of bonuses and perks for using the platform.
They can split their main account into multiple sub-accounts to easily apply different trading strategies. As mentioned, spot trading is free. In the area of ​​derivatives trading, buyers pay a fee of 0.075 percent and providers are remunerated with 0.025 percent of the trading volume.
With 300,000 transactions per second and order response times of less than 1 millisecond, Phemex is one of the most efficient exchanges in the crypto world. Institutional traders and quant traders can rejoice in Phemex’s FIX API. Phemex also offers crypto interest accounts. Invest your ETH, BTC, USDC and many other cryptocurrencies and earn an APY of up to 5 percent.
Your cryptocurrencies are safe at all times thanks to cold storage. Transfers further require a 2-step offline signature with human verification. Phemex keeps you connected to the crypto markets no matter where you are. Download the Phemex app today and enjoy 24/7 access to dynamic market data for Bitcoin and other cryptos.
Visit the official site of Phemex and get started today.
Receive a 10% discount for your newsletter subscription
Applicable to your next order for the BTC-ECHO magazine in a flex subscription, annual subscription or for the single issue. Register now!
To the newsletter