Phemex Scores at a Look
Phemex affords a number of the trade’s lowest buying and selling charges, beginning at 0.1% for makers and takers on the spot buying and selling platform. Contract buying and selling charges additionally fall beneath the trade common. Just lately, the platform decreased its contract buying and selling charges to 0.06% for market takers and 0.01% for makers.
Phemex doesn’t cost withdrawal charges, however it does cost a minimal 0.0005 BTC Bitcoin community charge that’s based mostly solely on present blockchain masses.
Phemex additionally hosts a VIP program that lowers buying and selling charges for high-volume merchants. Excessive-volume accounts are charged as little as 0.0325% for contract taker charges and 0 maker charges. VIP spot merchants take pleasure in zero maker charges and solely pay a 0.0400% taker charge.
Phemex locations significance on sustaining optimistic relationships with its shoppers, which is why the corporate’s spot and contract VIP applications have been mixed right into a single, streamlined providing of considerable financial savings. It additionally affords a welcome promotion the place day merchants from different exchanges can simply submit proof of their buying and selling historical past to immediately qualify for a corresponding VIP stage+1 on Phemex for 30 days.
Among the many diversified choices by Phemex, some notable ones are:
Market predictions: Phemex Market Predictions is a novel function the place customers make a prediction by buying shares in any market and guessing how that funding will end up. Predictions can vary from whether or not an occasion will happen in any respect to the long run value of an asset by a given date and way more. Take into accout, these predictions usually are not at all times crypto-related, with Phemex planning to introduce numerous market choices, together with information, politics, sports activities and value targets. Be a part of now to foretell numerous funding outcomes and earn substantial rewards.
Crypto schooling: Phemex affords numerous academic merchandise comparable to Phemex Academy and Blogs. The tutorial content material is up to date day by day with well timed information, unveiling the most recent traits and occasions, whereas an enormous assortment of consumer guides trains customers on each perform or service of the change. The Phemex Academy portal helps customers to raised perceive how blockchains work and optimize their cryptocurrency buying and selling methods. With over 600 researched articles on a number of the most advanced subjects within the sector, customers can be taught all types of helpful abilities, together with threat administration and portfolio diversification, and check out their methods in Phemex’s buying and selling simulator.
For these in want of better construction, Phemex affords a Study and Earn program the place you’ll be able to study cryptocurrency and obtain rewards for finishing new programs. These programs usually contain watching movies, answering questions and parsing a number of volumes of non-obligatory studying materials.
Buying and selling: Phemex affords each spot and contract buying and selling. Spot buying and selling contains shopping for and promoting cryptocurrencies at market costs. Plus, Phemex permits merchants to position superior order sorts, together with limits, stops and trailing stops, amongst others. Spot buying and selling is on the market on almost 300 crypto pairs, together with tokens like Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Ripple (XRP). Phemex additionally affords a number of fiat-to-crypto pairs, comparable to USD/BTC and EUR/BTC. There’s additionally house for merchants to change spinoff contracts, providing as much as 100x leverage and supporting 145+ contract buying and selling pairs, comparable to BTC/USD and ETH/USD.
Launch: Phemex added a Launchpad that enables unique entry to brand-new initiatives at a set value listed for public buying and selling. Phemex’s new Launchpool service affords limited-time high-APY staking swimming pools for choose tokens. Developing, Phemex will introduce many extra services and products, all aiming to empower customers with best-in-class monetary instruments.
Financial savings: Phemex’s Financial savings program means that you can deposit crypto right into a financial savings account that earns excessive rates of interest whereas holding funds. Phemex Earn Crypto permits customers to earn a excessive annual share yield (APY) on stablecoin deposits by its Fastened and Versatile Saving choices. Versatile accounts permit for immediate withdrawals and deposits at any time, providing an estimated APY of three.00% for a versatile interval and 4.50% APY for a hard and fast 14-day interval on USDT deposits. You may also obtain 1.00% on BTC deposits utilizing a versatile account and round 1.20% by fastened accounts. Verify again typically to take part in numerous promotions providing even greater APYs on totally different cryptocurrencies.
Phemex is now authorized for operations in Turkey, Lithuania and 48 states within the U.S. The platform additionally grew to become a member of the Journey Rule Common Resolution Expertise (TRUST) and is working to completely adjust to the U.S. Journey Rule in order that customers from over 200 nations bear the KYC course of for the sake of everybody’s security.
Phemex makes use of state-of-the-art digital asset custodial techniques to retailer buyer funds.
Clients can use a number of order sorts, together with market, restrict and cease orders to call just a few. You’ll be able to set value alerts so that you just by no means miss a very good buying and selling window. Plus, you’ll be able to view your buying and selling historical past, order historical past and open orders on the dashboard. You’ll be able to even customise the platform so that you just see the precise data you want.
Over the previous few years, Phemex has constructed a fanbase and group that conducts buying and selling competitions, giveaways and different occasions that improve engagement and make the platform really feel extra lively and fascinating.
The consumer interface is straightforward to navigate, making it easier than ever for customers to get round, be taught, commerce and handle their portfolios at their very own tempo.
Phemex customers are an on-the-go demographic, so the corporate has supplied a sexy, speedy app that permits you to commerce crypto and take part within the Phemex Market Predictions choice anytime, wherever. The app is free and accessible on iOS and Android. You’ll be able to commerce Bitcoin, Ethereum and different cash on the go and use the app for spot buying and selling. Its easy and intuitive buying and selling interface coupled with step-by-step buying and selling tutorials means you’re off and operating in a heartbeat. You’ll be able to entry real-time market knowledge, correct Ok-lines, dynamic indicators and customizable shows proper within the app.
General, Phemex is straightforward to navigate, however a number of the superior choices supplied are for more-experienced merchants. The cell app makes it simple to commerce on the transfer, and the staff behind the platform has constructed a sturdy group that helps all its customers.
You will get involved with Phemex through Twitter, Telegram, LinkedIn, Instagram and Fb.
Regularly Requested Questions
Questions & Solutions
What’s the Phemex OTC service?
Over-The-Counter (OTC) describes a safe methodology of buying or promoting crypto through wire switch. Phemex has partnered with Legend Buying and selling, a quick, safe and totally licensed Cash Providers Enterprise (MSB). As a legally compliant vendor, Legend Buying and selling permits Phemex customers to securely buy crypto by USD financial institution transfers.
What’s the Phemex Prediction Market?
The Phemex Prediction Market enables you to commerce the end result of occasions that happen on the earth. The market costs can point out what the gang thinks the likelihood of the occasion is. Primarily based in your prediction, you can cut up a prize pool with fellow predictors within the case of you successful.