Phemex Cryptocurrency Exchange Review The Phemex exchange is one of the most popular exchanges and occupies a leading position in the ratings of trading platforms. In the cryptocurrency community, the exchange inspires a high level of trust and enjoys a certain popularity. Features of the Phemex cryptocurrency platformA large number of cryptocurrencies are available on the Binance trading platform, which is an indisputable advantage of the exchange. Trading contests are held on the exchange, the prize fund of which reaches several thousand dollars Team Awards 78% of the final prize pool will be allocated to pay team awards. 2. Each captain of a winning team will receive 40% of their team's award. The Top 10 team members of each winning team will share 30% of their team's award equally. All other team members will share the remaining 30%. If a winning team has less than 20 members, the captain will receive 40% of the team's award while the other 60% will be divided equally among the rest of the team members. Accounts with transaction volumes below 500 USD during the competition period will not be eligible to receive any awards. Unallocated prizes will not be allocated to others 3. Calculation formula for Individual Return On Investment (ROI):Individual PNL / (BTC Trading Account initial net balance + incoming transfers during the event + commission income during the event + bonuses received during the event) 4. Calculation formula for Team Return On investment (ROI):Take the average ROI of the top ten team members. Individual Awards 22% of the final total prize pool will be allocated to pay individual awards. First place will receive 8% of the total prize pool, second place will receive 5% of the total prize pool, third place will receive 2% of the total prize pool, and the Top 4-10 will share 7% of the total prize pool. 2. Calculation formula for Individual Profit and Loss (PNL):BTC Trading account current net value (balance + unrealized PNL) - BTC trading account initial net value (balance + unrealized PNL) + outgoing transfers during the event - incoming transfers during the event - commission income during the event - bonuses received during the event Registration and verification on the exchange So, in order to start trading on the site, you should follow the link: www.phemex.com, and register on the exchange. You only need an email to register. To start trading, you need to connect 2fa double authentication, after which we can deposit any currency and make the first transaction. Start trading on the Phemex platform There are two types of trading on the trading page: spot and contract To purchase assets on Binance, you can use the search bar where you will find the required coin. To purchase a coin, you can use three types of orders - Limit (the purchase price is set by the user himself), Market (the system selects the most suitable orders), Stop-Limit (the transaction is performed automatically when a certain value of the coin value is reached). Then you just need to click buy and the deal will be completed Deposit To replenish, go to the "Assets" section and select a deposit (see screenshot). Then you can choose a coin convenient for entering and click continue. After that, choose a network convenient for you (I would like to advise you to use the TRС20 network due to low commissions) and copy your wallet. Send the amount you need to this wallet and soon it will be credited to your account. For convenience, the exchange has implemented the purchase of cryptocurrency using a bank card. Everything is simple here. Enter the amount you need, select the coin and your bank, after which you will only have to choose the best rate. Conclusion. Many users would not hesitate to recommend Phemex as a cryptocurrency trading platform. Phemex is a top-level project and an example for other services of what a modern cryptocurrency exchange should be like. We must pay tribute: the development team strives to develop not only their platform, but also the blockchain industry as a whole.
