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Phemex

Features

Feature Overview

Real Coins
Yes
Transferable to own wallet
Yes
Savings plan
No
Staking
Yes
NFT Marketplace
No
Tradingtools
Yes
Two-factor authentication
Yes
Deposit protection
No
Available for US users?
No

Unique Features

Spot, futures, margin, and leveraged ETF trading
Phemex Earn
Launchpad

Tradable Assets

Cryptocurrencies

Trading Options

Derivatives
Margin trading (leverage)
Short/Long

Phemex

User Interface

Our

Phemex

Review

Test Result

Overall rating
7.8
10
Operation
7
/10
complicated
simple
Functions & Scope
7
/10
simple
extensive
Fees & costs
10
/10
high
low
Security & Trust
6
/10
low
high
Beginner friendliness
6
/10
unsuitable
very suitable
Support
6
/10
bad
good

Conclusion

Phemex is deemed trustworthy for professional traders, comparable to Bybit in trading tools and derivatives. Its modern interface and toolset make it a clear choice for crypto trading, though beginners might find it challenging.

By  
Ethan Parker
Senior Content Editor

Pro's & Con's

What we like:
Clear trading view
Low fees
German language available
What we don't like:
Not on the market for long
Not suitable for beginners
No regulation
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Phemex

User Reviews

We compile and highlight user feedback from leading review platforms, social networks, and various online sources to provide you with a comprehensive overview of user experiences and user reviews
reddit
g2 crowd
twitter
trustpilot
sikayetvar
Propose change
Operation and user-friendliness

Users report that Phemex’s platform is intuitive and easy to use. The design of the platform is described as clean and straightforward. However, some users have commented that they had difficulty finding and setting special features such as stop loss.

Functions and offer

Phemex is highlighted for its variety of cryptocurrencies and trading features, especially margin trading with leverage, with users requesting a broader selection of altcoins.

Beginner friendliness

Phemex receives divided opinions on its beginner-friendliness; while the interface is straightforward and educational resources are helpful, the advanced features like margin trading can be perplexing for newcomers.

Fees and costs

Phemex is recognized for its competitive fee structure; however, there is feedback indicating a need for greater transparency in the costs associated with specific features like fund transfers.

Security and trust

Phemex is trusted for its security practices, though its relative newness compared to established competitors is a concern for some users.

Support

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.

Conclusion –
Phemex

Phemex generally impresses users with its straightforward interface, extensive offerings, and commendable customer support. Some criticisms include opaque fee structures and complex features.

About

Phemex

Phemex

Stock exchange
The Company
PHEMEX TECHNOLOGY PTE. LTD.
Headquarters
Singapore
Company size
Medium
Regulation
FinCEN
Founder
Jack Tao
Year of foundation
2019

Summary

Phemex
By
Ethan Parker
Updated:
April 7, 2024
Crypto Exchange
Cryptos
Trading Fee
Withdrawal Fee
For US 
Users?
EF
Score
1,800
0
%
0.0003
No
9.8
/10
600
0.1
%
0.0002
Yes
9.4
/10
400
0.1
%
0.0005
No
9.3
/10
300
1.49
%
0.000079
No
9.2
/10
700
0.1
%
0.0005
Yes
8.9
/10
185
0.26
%
0.0002
Yes
8.8
/10
80
1
%
$5
Yes
8.8
/10
190
0.25
%
0.00002
No
8.8
/10
240
0.1
%
0.0005
No
8.5
/10
339
0.05
%
0.0005
No
8.5
/10
220
1.49
%
0.000079
Yes
8.3
/10
9
0.35
%
0.0006
Yes
8.2
/10
75
0.5
%
0.0005
Yes
8.1
/10
280
0.2
%
0.0004
No
8.1
/10
250
0.4
%
0.0005
Yes
8
/10
20
0.3
%
0 - 2%
No
8
/10
283
0.1
%
0.0005
No
8
/10
50
2
%
0.99% - 0.69%
No
7.9
/10
14
1%
%
0.99% - 0.69%
No
7.8
/10
260
0.1
%
0.0004
No
7.8
/10
24
0
%
0.000079
No
7.7
/10
18
1.25
%
0 - $10
No
7.5
/10
1
2.5
%
0.4% - 1%
No
7.5
/10
138
0.25
%
0.0005
Yes
7.5
/10
226
0.1
%
0.0004
No
7.4
/10
512
0.2
%
0.0005
No
7.2
/10
300
0.2
%
0.0005
Yes
7.1
/10
15
0.2
%
0.0004
No
7.1
/10
8
0.5
%
0.000079
No
7
/10
100
1.99
%
0.001
Yes
6.5
/10
48
0.1
%
0.0005
No
6.5
/10
151
0.1
%
0.00009
No
6.3
/10
70
0.4
%
0.30%
No
6.1
/10
182
0.25
%
0.0009
No
6
/10

About the author

Ethan Parker
Senior Content Editor

Ethan is the go-to crypto guru at Exchange Flow, with nearly a decade steering traders through crypto exchange platforms worldwide, Ethan brings welcome clarity to the complex terrain of digital currencies. His hands-on approach to testing and analyzing exchanges worldwide makes his reviews and articles valuable information for readers and newcomers in the crypto world. Beyond his crypto expertise, Ethan is a retro gaming enthusiast and an explorer at heart, using his crypto gains to fuel adventures around the world. Dive into Ethan’s articles and reviews for a global perspective on cryptocurrency that’s as enlightening as it is engaging.

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The information on this website is for educational purposes only and is not an investment recommendation. It should not be seen as a promise of specific outcomes or as urging you to invest. Buying cryptocurrencies is risky and could lead to losing all your invested money. This site doesn't offer investment advice. We're not responsible for the accuracy or usefulness of the information here, nor will we compensate for any financial losses.