Hello dear reader!
Are you looking for any reviews about the Phemex crypto exchange? Then you’ve come to the right place! Sit back and get ready to read!
Chapter first. What is Phemex?
You are probably wondering in which country the Phemex exchange is located, right? The Phemex Exchange is located in beautiful Singapore. The exchange was launched on November 25, 2019! The exchange is quite young, but it is very promising and requires your attention! Also, the Phemex exchange is multilingual and supports as many as eight different languages such as: English, Russian, Spanish, Japanese, French, Chinese, German and Korean.
Chapter two. Why is Phemex your choice?
Phemex provides a lot of useful, and most importantly, convenient tools. And it performs the main tasks of the exchange with high quality.
Among the features of the exchange, I can single out such as:
- Gold / USDT trading pair. This trading couple celebrated their first year on March 30th!
- Bonuses. As a welcome bonus, Phemex is offering you up to $ 60 for any deposit of 0.2 BTC or more.
- Trade with leverage. On this platform, you can take full advantage of 100x leverage.
- Spot trading. Currently, you can trade 11 cryptocurrencies with USDT: BTC, ETH, XRP, LINK, XTZ, LTC, ADA. TRX, ONT, BCH and NEO, and this list is updated almost every week.
- Support for mobile devices. This trading platform is available not only from a computer, but also from android and apple mobile phones.
- Phemex trading commissions. In terms of spot trading, Phemex has adopted a zero trading fee model. Instead, they just charge a monthly premium membership fee (prices go as high as $ 9.99 for 30 days, $ 19.99 for 90 days, and $ 69.99 for 365 days).
- Phemex withdrawal fees. Phemex does not charge any fees when withdrawing cryptocurrency from its platform account. Accordingly, the only commission you need to think about when withdrawing is the network fee.
Chapter three. Deposit methods.
Previously, Phemex did not accept any deposits other than those made in cryptocurrency, so new investors could not actually trade here. However, starting on June 18, 2020, they began partnering with Banxa, a payment gateway that accepts credit and debit card purchases of cryptocurrency.
Since then, Phemex has also partnered with Koinal, Coinify, MoonPay and Mercuryo. Thanks to this, you now have a variety of payment options (from bank transfers to Apple Pay) and rates to suit your needs.
Chapter four. Conclusion.
Are you impressed with my review? Or do you not believe what I told you about the Phemex exchange? Then go and check for yourself (https://phemex.com/)! As a thank you, you can become my referral code CEJN92.