Phemex 2021
Hello everyone! Today I want to tell you about a powerful cryptocurrency exchange — Phemex. I tell you about my little experience with this platform, its advantages, features, and much more
A little background
On November 25, 2019, eight former Morgan Stanley executives decided to launch their cryptocurrency trading platform in Singapore. Phemex positions itself as the fastest crypto exchange and platform for trading cryptocurrencies
Contracts and exchanges
The exchange allows for contract trading and spot trading. At the moment, there are 13 types of cryptocurrencies on the platform. But at the time of writing, trading on Ripple is temporarily suspended, due to a strict ban by US regulators. For Phemex, its reputation is important, and therefore it is in no hurry to restart transactions on pairs with the XRP coin.
Stop loss and take profit
Phemex provides the use of take profit and stop loss orders. This is a great opportunity for professional traders to more accurately build their trading strategies and adjust the possibilities of profit-taking or stop-loss.
Security
Let’s talk about security. 3 times a day, the exchange processes withdrawal requests, and each such request is carefully checked by the project operators. This is important for the security of every transaction.
Phemex uses a deterministic cold wallet system . All transactions take place offline.
Phemex Demo Account
Also, one of the main functions of this exchange is a demo account
This is very useful for traders who have only recently entered the zhtu sphere. On a demo account, you can practice trading cryptocurrencies without putting your own wallet at risk. Demo account Phemex models a trading environment that provides the same features and capabilities as the main platform.
Profit-taking
25%, 50%, 75% and 100% are all possible profit-taking, which Phemex provides. They can be set when the initial position is set with a clear indication of the mark price and the estimated profit or loss.
Academy Phemex
They have their own academy!
These are small lessons, after reading which you will gain knowledge about the cryptocurrency and the blockchain technology itself. More than 40 lessons you can take for free!
Phemex app
Phemex has its own application. It is available for both Android and iOS mobile operating systems. The app itself has many features, built-in tools and functionality that are ported from the PC version. Therefore, this application is very convenient to use away from your computer. anywhere, anytime. I will note some of the functions:
— Theuser-friendly interface is easy to understand and navigate for both novice traders and professionals.
— Trading charts are available for analyzing the market and making the necessary decisions
— Various drawing tools and built-in indicators are at hand for technical analysis.
— The app is also rated by scalpers. The app has multiple timeframes, which makes it useful as a trader.
You can download the Phemex app from this link.
Bonus up to $80!!!
At the moment, you can get a welcome bonus of up to $ 80 for your trade!
Let’s sum up the results!
Positive:
-You don’t need KYC to start trading
-Users can trade Perpetual contracts with up to 100 times leverage.
-The exchange provides different orders for different traders
-Phemex gives you solid bonuses to 80$.
-Real-time round-the-clock chat is available on the platform.
-Users can trade anywhere and anytime using the Phemex mobile app.
Minuses:
- A relatively new platform, launched at the end of 2019
-Does not support cryptographic pairs
That’s it. Thank you for reading this article. I hope you will find it useful in the future!
