Bitcoin

Manage risks and trade easily with Phemex

The crypto house has seen a increase up to now month. Whereas main currencies are doing nicely, one token that has thrust into the highlight up to now month is SOL (Solana).

As of September 9th, Coingecko exhibits that Solana has jumped to the sixth largest coin by market cap and grown to a market worth of $59 billion. One of many causes for its dramatic rise is the launch of the Degenerate Ape Academy NFT mission, and one more reason may be the wormhole launch.

The Degenerate Ape Academy mission is a set of 10,000 distinctive cartoon apes which have been randomly generated. The NFTs have been bought out in beneath 8 minutes and helped SOL attain an general buying and selling quantity of round 96,000 SOL.

Then again, the bidirectional wormhole permits customers to maneuver tasks, communities, and platforms throughout blockchains between Ethereum and Solana.

As Solana reaches its all-time excessive, many crypto merchants and traders want to put money into it. Phemex, one of many quickest crypto exchanges and futures buying and selling platforms has listed Solana on its alternate.

What’s Phemex?

Phemex is a cryptocurrency exchange primarily based out of Singapore and based in 2019. The platform is the brainchild of a staff of 8 former Morgan Stanley Executives who wished to create a leverage buying and selling platform that was environment friendly and easy to make use of.

This crypto and futures buying and selling platform permits over 300,000 transactions per second with an order time of lower than 1 millisecond.

Phemex helps over 37 spot foreign money belongings together with BTC, ETH, XRP, LTC, ADA, LINK, DOGE, USDT, and the just lately listed SOL.

Zero charges and 100x leverage

Phemex has greater than 30+ liquidity suppliers built-in into their platform and permits premium customers to trade crypto with zero fees. The platform has each spot and futures contract buying and selling choices and is the trade chief with its low-cost membership mannequin. This makes it simple for customers to identify commerce cryptocurrencies with zero charges.

Moreover, the platform has crypto futures contracts that may be traded with 100x leverage. Phemex additionally has a non-crypto GOLD/USD buying and selling pair contract and is engaged on including extra conventional belongings and commodities to their platform.

Contracts and spot buying and selling charges

As talked about earlier, Phemex presents spot buying and selling with zero charges or commissions. Any customers who’re a part of the premium membership or trial can benefit from these charges. For different merchants, a 0.1% transaction payment is utilized (for each makers and takers). API merchants should pay 0.1% transaction charges too.

So far as contract buying and selling is worried, Phemex has a listing of a number of perpetual contracts. It additionally applies the maker and taker mannequin for buying and selling charges. For restrict orders, or orders that present liquidity to the orderbook, a -0.025% rebate is given. For market orders or orders that work to take away liquidity from the orderbook, a 0.075% payment is charged.

Phemex doesn’t cost any charges for holding positions in a single day. Funding charges are charged or issued between lengthy and quick positions each 8 hours.

Deposits and withdrawals

The platform doesn’t cost any charges when customers deposit or withdraw from their buying and selling accounts.

Phemex expenses an inexpensive payment for Bitcoin withdrawals (0.0005 BTC) which is low in comparison with different exchanges.

Premium and earn applications

The Phemex premium possibility is on the market to all customers who register with the platform. They get a 7-day free trial of premium, wherein they’ll execute spot trades on the spot market with zero charges. In addition they can entry hourly withdrawals with none limits.

Moreover, Phemex has an Earn Crypto program that enables its customers to earn as much as 10% APY utilizing fastened and versatile saving choices.

Conclusion

Ever since its inception, Phemex has seen vital progress as a crypto buying and selling and futures alternate. The platform’s $100 welcome bonus for brand new customers, zero charges buying and selling for premium customers, and a 100% chilly pockets storage system with a multi-signature withdrawal course of make it a protected and reliable possibility for brand new and superior merchants alike.

The platform additionally lets customers follow crypto buying and selling utilizing simulated buying and selling with out having to make use of actual funds. This selection could possibly be useful for novice merchants who wish to attempt their hand at buying and selling with none dangers.

Phemex is rising its userbase and changing into a pioneer within the crypto house.

For extra data on the alternate, please try Phemex’s Official Website.

Disclaimer: This can be a paid put up and shouldn’t be handled as information/recommendation. 

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