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Phemex is a professional and reliable global cryptocurrency derivatives exchange with up to 100x leverage.
The exchange provides both contract and spot trading services.
Their goal is to provide all participants with the ability to effectively manage risk and trade easily, becoming the most reliable platform for trading cryptocurrency and its derivatives.
Exchange Reliability
Phemex is the most reliable platform. They are currently a fully registered money services business (MSB) with the Financial Crimes Enforcement Network Department.
Some statistics!
< 1 Ms - order response time
30+ - integrated liquidity providers
300K+ - number of orders executed per second
$574,000,000 - average trading volume per day
The exchange gives everyone the opportunity to earn crypto...
EarnCrypto products are safe?
Customer assets are stored in special Phemex accounts with real-time monitoring. This means that every transaction is examined in detail through a rigorous approval process. All assets are also regularly reviewed by an independent party. Trading systems use a sophisticated combination of risk management, algorithmic and quantitative analysis techniques.
Earn up to 10% p.a. with Fixed and Flexible Savings Options. Flexible accounts allow for instant withdrawals and deposits at any time.
An investment system that guarantees high returns and security
Can Phemex guarantee high returns in crypto?
1) Experienced FinTech management.
2) Phemex partners with asset managers and for-profit funds to benefit from mature income strategies.
3) Due diligence
4) The team and technology have undergone rigorous testing and screening procedures to meet the highest industry standards.
5) Profit Assurance.
Even in the event that a strategy is not effective enough, Phemex will simply cover losses and pay clients all APY as announced until a new replacement strategy is developed and implemented.
The benefits of the exchange are:
1) Easy registration.
2) Reliability of the exchange
3) Convenient, intuitive site
4) Safety (Google verification, biometrics)
5) Many options to deposit and withdraw money
6) Quick and high-quality support
7) Low commissions, fast response time of orders
App for iOs/Android9) Welcome Bonus (80$), referral program.
10) Localization on 7 languages
Also a huge advantage is the premium membership, it gives you a huge number of benefits such as:
Spot
0.1% for trader/maker while using API
Zero commission on the site and in the app
Conditional orders support
The contract
Trade
Taker - 0.075%
Maker - 0.025%
Other
Hourly withdrawal
No withdrawal limits
Opportunity to give a friend a premium membership trial
There is a competition on this exchange, where many teams are fighting for the big prize pool
There are some rules for this competition, you can see below
This competition is for perpetual BTC/USD contracts only.
All calculations will be based on the BTC Trading Account.
Phemex users can choose any team of their choice when they open registration for the contest.
The net deposit of the user's Contract account must be at least 0.005 BTC at the time of registration.
As soon as the competition starts, if the Contract account net deposit is lower than 0.005 BTS, the initial net deposit of the Contract account will still be 0.005 BTS.
Once you have successfully joined a team, you will not be able to change it.
Teams do not have a ban on the number of participants in the group, but the number of participants in one group should not be less than 10 people.
If a team has less than 10 people in the team at the start of the competition, the team will be disbanded and participants will be allocated to other groups in random order.
Rewards will be distributed within 7 days of the completion of the competition.
The following actions will result in disqualification from awards for both teams and individual participants:
1) Mass account registration;
2) Market manipulation proceeds;
3)Intra-group transactions, to artificially increase ROI at the expense of others;
4) API users are not allowed;
5) Subaccount cannot count as an individual participant in this competition.
6) Phemex reserves the right to make the final decision and commitment of these rules...
Now my personal opinion on the shortcomings of the exchange:
For me, the main drawback is a small number of trading pairs, but this defect will be corrected gradually, if the exchange will continue its development, soon we will forget about this defect.
The second disadvantage - it is absence of P2P, because it is easy option to buy/sell cryptocurrency directly from hands of other person.
The last drawback - for the withdrawal requires verification of Google, for me this is inconvenient, since the phone is not always around.
But for the safety of their funds - it is necessary!
Since this exchange is actively developing, you can guess that soon it will be one of the best crypto-exchanges!
Good luck!
