.svg)
.webp)
Do you have ideas or suggestions for changes? Then we look forward to your feedback! We make every effort to keep all metrics and information as up-to-date as possible. However, if you discover an error or outdated information, we would be delighted to hear from you.
Feel free to write to us:
Transferable to your own wallet
Self-custody of cryptocurrencies plays an important role for many users who want to manage their cryptocurrencies and thus their "private keys" themselves and not leave them in the hands of the exchange. Most exchanges offer the option of sending the purchased cryptocurrencies to their own wallet.
Deposit protection is a safeguard for the assets of users of a stock exchange or broker, which is intended to protect investors in the event of insolvency or a high loss due to a hacker attack. Service providers based in Germany are legally obliged to provide deposit protection of €100,000. In some cases, international exchanges have a special insurance policy that covers a certain portion of the assets instead of a deposit guarantee.
The overall rating is the average of our individual ratings. Our ratings do not constitute investment advice, but merely our personal opinion. You are welcome to use them as rough indicators and additional perspective. In the dynamic and fast-growing crypto sector, parameters can often change from one day to the next, so we cannot guarantee that the rating data is up to date. Therefore, please never use our ratings as an isolated basis for decision-making and not as a substitute for your own research.
This rating describes our personal assessment of the user-friendliness of the product. How easy is the onboarding process? How modern is the user interface and is it easy to use? Are all the important functions quick and easy to find? We ask ourselves all these questions in order to give a personal rating from 1 to 10 points.
This rating describes our assessment of the fee structure of a stock exchange or broker. It is not only the amount of fees that can differ, but also the type of fees. The most common type of fees for crypto exchanges are the "maker/taker" fees or spreads. In some cases, there are also hidden fees that are not recognizable to users at first glance.
For products or services in the crypto space, trust and security should be the biggest factors in the selection process. Since we could not seriously evaluate the technical security of a platform or product, we analyze publicly available factors such as security features, location, regulation, certifications, audits, team/company, general reputation and, of course, track record.
Crypto doesn't have to be cryptic. Especially for beginners, the first contact with the crypto world can be overwhelming. With this rating, we give our assessment of how easy it is for beginners to find their way around: from the onboarding process to using the most important functions.
Customer support is an important factor for many users. A long wait or no response at all in the event of problems can be frustrating, especially when it comes to sensitive topics such as finances. With this rating, we give our assessment of the quality of customer support. In order to provide as balanced an assessment as possible, we also include user opinions from other platforms in our evaluation.
Some exchanges and brokers are regulated by financial supervisory authorities in certain countries/states. This often entails strict financial regulatory requirements and compliance requirements to which the company must adhere. Regulatory clarity can contribute to greater transparency and thus also greater trustworthiness.
.svg)
Phemex is a derivatives-focused exchange offering competitive fees and a user-friendly interface tailored for professional traders. The platform's strong trading tools and rapid execution make it a solid choice for experienced users. However, its lack of regulation and complexity may deter beginners. While it excels in offering various trading options like futures and spot trading, newer traders might find the platform challenging. Overall, Phemex is ideal for those seeking advanced trading capabilities, though not the best for beginners.
Overview
Quick Facts
Phemex, a contemporary exchange specializing in derivatives trading, such as "Perpetual Contracts," is led by ex-Morgan Stanley executives. Known for rapid order execution and high liquidity, the platform caters to professional traders with its extensive features.
Informations
Pro's & Con's
- Clear trading view
- Low fees
- German language available
- Not on the market for long
- Not suitable for beginners
- No regulation
Phemex
Features
Feature Overview
Unique Features
- Spot, futures, margin, and leveraged ETF trading
- Phemex Earn
- Launchpad
Tradable Assets
- Cryptocurrencies
Trading Options
- Derivatives
- Margin trading (leverage)
- Short/Long
Our
Phemex
Review
Test Result
Conclusion
Phemex is a derivatives-focused exchange offering competitive fees and a user-friendly interface tailored for professional traders. The platform's strong trading tools and rapid execution make it a solid choice for experienced users. However, its lack of regulation and complexity may deter beginners. While it excels in offering various trading options like futures and spot trading, newer traders might find the platform challenging. Overall, Phemex is ideal for those seeking advanced trading capabilities, though not the best for beginners.
Customer Reviews
/ 5 average rating from -- reviews
Write a Review
Share your experience! Your review can help others make informed decisions. Let us know what worked well and what could be improved. Your feedback is valuable and will contribute to our community’s knowledge.
Phemex
User Reviews
Phemex's platform is generally termed as user-friendly by its users, who appreciate its intuitive design and ease of use. However, there are users who have experienced some confusion while locating or setting certain features such as stop loss as they felt they are somehow buried in the platform.
Phemex is known for offering an extensive range of digital currencies and trading options, notably leveraged margin trading, with many users suggesting that it should expand its support for a wider array of altcoins.
Phemex has differing views on being beginner-friendly among users. While the interface is clear but overwhelmed by the amount of resources for beginners, the advanced features are pretty much left in the air for the novice.
Phemex is known for its low fees, yet there has been feedback on issues around clarity when it comes to the fees of some features, like fund transfers.
Phemex has demonstrated strong commitment to security measures although its infancy as compared to other established competitors is a drawback to some users.
Phemex's customer support is mostly seen in a positive light for its responsiveness and helpfulness, yet some users note issues with effective problem resolution.
Phemex has straightforward interface, a wide assortment of choices and generous customer support that sets it apart. Yet it’s complex traits and unclear fee structures could be better delineated according to its criticizers.
About
Phemex
Phemex
Users?
Score
About the author
At Exchange Flow, Ethan is recognized as the resident crypto expert. With 10+years of experience navigating the waters of global crypto exchanges, Ethan is a trusted voice in the ever-evolving world of digital currencies. He tests and scrutinizes exchanges so you don’t have to, offering reviews and articles that newbies and seasoned traders alike find invaluable. When he’s not coding, Ethan likes to travel and play retro games. He uses his crypto earnings to fund his trip around the globe.
Compare
Phemex
Explore Other Crypto Exchanges
Compare Exchanges by Category
...