On this article, we’ll overview a comparatively new crypto change and futures buying and selling platform that’s designed for each rookies and superior merchants. Phemex takes a user-centric strategy and gives fairly some thrilling options.
Phemex is a Singapore-based cryptocurrency and derivatives buying and selling platform led by a staff of former Morgan Stanley executives. Since its launch in 2019, Phemex has grown to serve over 2 million lively customers in additional than 200 nations. It was additionally the primary main change to pioneer an elective premium membership mannequin for zero spot buying and selling charges.
Phemex Trade Overview:
|Official web site||https://phemex.com/|
|Listed Cryptocurrencies||BTC, ETH, SOL, LTC, USDT, and extra|
|Buying and selling pairs||53|
|Supported Nations||Angola, Austria, Barbados, Finland, Greenland, Hungary, India, Malawi, Nauru, Turkey & extra|
|Withdrawal charges||Varies by forex|
|Cellular App||Phemex APP on Android and Phemex APP on iOS|
The platform additionally hosts a wide range of large-scale campaigns and occasions to reward its customers with grand prizes and crypto bonuses. To have a good time two years within the business, Phemex is even conducting a ‘Dream With Phemex‘ marketing campaign to make a couple of fortunate winners’ desires come true – actually.
Phemex Cellular App Overview
The Phemex app is obtainable for each Android and iOS cellular working methods. Moreover essentially the most obvious and important capabilities of a crypto buying and selling utility, the Phemex app has many extra options and inbuilt instruments.
The buying and selling interface is easy to navigate and straightforward even for rookies to grasp. All capabilities, together with deposits, spot buying and selling, derivatives markets, buying and selling bonuses, and extra, may be accessed proper from the house display screen.
Fast and Seamless Deposits and Withdrawals
The cellular app makes it extremely easy to make deposits and get buying and selling straight from the house display screen. All the standard on-ramp strategies can be found right here. It’s additionally attainable to scan a QR code of your pockets tackle to deposit tokens instantly from one other pockets or change.
As a result of safety issues, the platform is cautious about itemizing new tokens. Nonetheless, Phemex not too long ago introduced itemizing a variety of NFT and Metaverse-related tokens, as soon as extra expressing its dedication to the group.
The Crypto Converter
On the platform’s Crypto Converter function, merchants can simply convert their cryptocurrency holdings into USD, together with the flexibility to instantly ship funds to the contract buying and selling pockets. This makes it extremely easy to carry out actions equivalent to shorting the market at a peak.
Contract Buying and selling
The contract button on the house display screen results in the contract buying and selling UI, and right here’s the place all of the buying and selling charts can be found for determination making and value evaluation. You should buy and promote shortly inside the buying and selling view and set order costs as wanted. Every kind of order varieties can be found right here, together with cease limits and different superior order varieties.
Managing and Including Sub-Accounts
Should you want to go lengthy and brief on the identical coin, or in case you are buying and selling on cross margin and don’t wish to danger your complete portfolio being liquidated, it’s additionally attainable to create sub-accounts that may simply be used to switch cash out and in. Sub-accounts act as a totally totally different portfolio, and positions positioned from a sub-account don’t have an effect on the principle account or different sub-accounts.
Accessible Buyer Assist
Phemex assist is obtainable 24/7 proper from the house display screen. The app additionally has a chat part to get in contact with the assist staff at any time of the day globally.
Phemex continuously runs occasions and different gives throughout the house display screen, giving extra advantages to customers for referring extra individuals onto the platform via its referral program. The cellular app retains merchants conscious of what gives are reside, retaining them updated with the most recent occasions and happenings.
Execs and Cons
|● Wide selection of token listings and deep liquidity
● Intuitive interface
● Fast order execution
● Aggressive buying and selling charges
● Permits creating sub-accounts
|● Sure tokens warrant excessive withdrawal charges
● Owing to how younger it’s, Phemex doesn’t fairly supply the identical degree of liquidity as different derivatives platforms like Bitmex.
Although Phemex remains to be comparatively new, it packs in a bunch of nice options and advantages for merchants, offering a safe and dependable platform with glorious buyer assist and an enthusiastic group. The cellular app is easy to make use of and gives an intuitive UI to convey the huge array of options from the desktop platform into the touch-based cellular ecosystem, giving merchants entry to full-fledged buying and selling options, even on the go.