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Phemex: Crypto Exchange & 0 Fees

Phemex focuses on spot trading in cryptocurrencies and derivatives. The platform supports eight different languages: English, Russian, Spanish, Japanese, French, Chinese, German and Korean. Phemex offers a ton of benefits and opportunities for crypto traders. The very easy to use interface makes the platform ideal for both new and experienced traders.

You can register here (Click Here!)

Tradable Assets

For its crypto derivatives, Phemex enables leverage trading. This means that you can take a higher risk of rising or falling prices without having to own the required amount of assets. Basically, you can trade with up to 100 times the leverage. It is currently possible to use the crypto currencies BTC, ETH, XRP, LINK, XTZ, LTC, ADA. TRX, ONT, BCH, NEO and much more to trade. Recently you can also trade Gold/USD at Phemex, this offers users the opportunity to diversify their crypto trading portfolio.

Welcome Bonus

As a welcome bonus, Phemex is offering you up to $ 60 for every deposit of 0.2 BTC or more. This bonus can also be claimed by depositing other cryptocurrencies. On top of that, Phemex also offers you a $ 10 spot trading bonus for a single order worth $ 500 USDT and a $ 10 contract trading bonus for a single BTC / USD transaction worth $ 5,000. In total, you can receive up to $ 80 in bonuses. If you want to claim the bonuses, then CLICK HERE! Please note that these bonuses can change at any time.

Spot Trading

In contrast to contract trading, in which you speculate and bet on the price of a specific cryptocurrency or asset without having to hold the asset yourself, spot trading is the direct purchase and sale of the cryptocurrencies listed above. With regard to contract trading, Phemex differentiates between “taker” and “maker”. Every trade is made between two parties: the “maker”, whose order is in the order book before the trade, and the “taker” who places the order, the At Phemex, the taker is charged 0.075% per order. This is a fair fee. When it comes to the makers, their fee is -0.025%. This basically means that every maker pays for the trade For example, let’s say you are the maker on an order where you buy a derivative contract for $ 1,000, which means you only pay $ 997.50 instead of $ 1,000.

Premium Membership

What is remarkable about Phemex’s spot trading services is that they offer a royalty-free model. Most exchanges require you to pay a fee when buying or selling a cryptocurrency, which is usually between 0.10-0.25%. You can purchase a premium membership on Phemex. According to Phemex, premium membership offers significant savings for high volume traders.

Payout

As far as we know, Phemex does not charge its own fees when withdrawing cryptocurrencies from your account with the platform. Accordingly, the only fees to think about when making a withdrawal are the network fees. The network fees are fees that are paid to the miners of the cryptocurrency / blockchain in question, and not fees that are paid to the exchange itself. The network charges vary from day to day, depending on the network load.

User Interface

The platform has a very simple and easy to understand user interface that works well for both novice and experienced traders. Numerous built-in technical analysis tools and indicators enable traders to easily perform their technical analysis. The platform also offers price alerts, conditional orders and limit orders for better decision making when trading. Phemex is not only available for desktop, but also for Android and Apple phones. Phemex specially developed mobile app is the market leader in terms of security, speed and stability.

You can register here (Click Here!)

Warning: Trading leveraged products is incredibly risky. Make sure that you practice adequate risk management.

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