How to get started with Phemex?

Phemex Review:

Trade Crypto with Zero Fees

Trade Crypto Futures Contracts with Up To 100x Leverage.

Phemex provides both futures contract trading and spot trading services.

Phemex is the first in the industry to offer a low-cost membership model that will allow us to spot trade bitcoin with zero fees! Our perpetual contracts can be traded with up to 100x leverage.

Leverage on Phemex

Leverage trading involves using borrowed funds or other financial assets for amplifying the returns. Although this strategy can amplify the potential returns, there is a potential risk for losses as well.

What is Phemex?

Phemex, a relatively new Bitcoin trading exchange that offers professional-level derivatives trading to beginners as well as advanced traders.

as experienced professional Wall Street traders and investors, Jack Tao and other founding members of Phemex identified a lack of professionalism, trustworthiness, and customer support within the crypto industry. In the following two years, the number of users engaging in cryptocurrency trading increased significantly. Nevertheless, existing exchanges showed little to no improvement. Realizing the seriousness of the problem, the team left Wall Street and founded Phemex in the summer of 2019. They then dedicated themselves to building a simple, efficient, but most importantly, a trusted cryptocurrency trading platform. Then, on November 25th, 2019, the Phemex platform officially went live. ex-Morgan Stanley executive and the founder of Phemex.

Create an account on Phemex by following these easy steps:

-Press the ‘Register’ button on the top right-hand corner

-Fill in your email address and set a password

-Use DDLJW invitation code and get a discount on the fee.

-Enter the verification code to verify your email address

-Use your new credentials to log in on Phemex

Phemex Review:

-Provides up to 100X leverage

-Feature of creating sub-accounts

-KYC is not needed

-Multiple advanced order types are available

-Basic user interface

-Focused on community

Although Phemex is a relatively new platform, it provides users with a lot of opportunities and benefits. There are comparatively fewer drawbacks here. This exchange is straightforward to understand and easy to use. Phemex’s specialty is that it lets the users create sub-accounts. This might give Phemex a competitive edge over the other trading platforms.

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