Cryptocurrencies made worry-free, finally

Crypto is a contentious topic.

Mention “bitcoin” to ten of your family members and you may get ten different responses, ranging from blank stares, to excitement, to outright ridicule.

The industry has been around for more than a decade and accumulated a market cap over $1 trillion, but it’s very much still in the “wild west” stage. From the outside looking in, newcomers might be intimidated by the bombastic shilling touted by most crypto-bros and interpret the space as filled with grifters and charlatans. They wouldn’t be totally wrong, but a deeper dive into the cryptosphere will also unveil what makes it great – a dedicated, fervent community on the forefront of technology looking to further individual rights through decentralized systems.

And with mega-firms like Blackrock and Citadel recently entering the fray, the virtual currency industry will develop quicker than ever. Whether people like it or not, crypto is here to stay.

Knowing that, if you want to get involved with crypto or are already a blockchain veteran, it’s always imperative to choose the best platform. Right now, that very well may be Phemex – an all-in-one crypto trading exchange that’s secure, performant, and user-friendly.

Let’s dig in.

Summary

• Transparency is a Virtue
• Don’t Lose All Your Money
• Something for Everyone
• Bottom Line

Transparency is a Virtue

Crypto’s main value proposition has always been that it’s on a transparent distributed blockchain, so all the transactions and records can be tracked without any potential fraud. In theory it sounds good, but in practice bad actors like FTX have given the space a notorious label.

FTX took their customer’s crypto deposits and instead of keeping them safe, illegally invested or spent them without telling their users. For the cryptocurrency industry to evolve, there is no room for these fraudulent practices.

That’s why Phemex has released self-proving Proof-of-Reserves, to give all their users peace of mind that their assets on Phemex are always safely kept available.

Any user can use the Phemex Proof-of-Reserves tool to confirm that their assets are accounted for within the cryptographic Merkle tree, thereby verifying their crypto is safe. Phemex’s Proof-of-Reserves is unique because it enables users to rely on code and their individual confirmation, without needing to blindly trust in a third-party auditor.

Furthermore, Phemex even publishes a portion of the exchange’s own cold wallets so anyone can see their total assets and compare them against total customer deposits. By allowing customers to check that the exchange’s assets outweigh liabilities, Phemex is also providing Proof-of-Solvency which is something many other competitor platforms aren’t willing to show.

So whether you’re a crypto enthusiast who has been searching for a new exchange, or someone looking to dip toes into crypto for the first time, the platform to pick is clear.

Stack Money, Don’t Lose It

Even if you’ve never really delved deep into crypto, you’ve probably heard about its issue in dealing with hacks. Almost all the top crypto exchanges such as Binance, Coinbase, Kucoin have suffered hacks before.

Phemex, while being a top 15 exchange for years, has never been hacked.

The platform places great emphasis on security, and its technical team is top notch. They implement a reliable Hierarchical Deterministic Cold Wallet system to reduce asset exposure to connected networks. The majority of user funds are kept in cold storage and those that are in hot wallets undergo rigorous, manual risk controls before being moved.

Phemex’s trading engines were built with priorities placed on high velocity and total availability so users don’t ever miss the chance to execute a trade due to system errors, or have to deal with annoying, abrupt wicks seen on less efficient platforms.

As a trader on Phemex, you have access to up to 100x leverage when trading crypto contracts so the opportunity for profit is huge. But since crypto is a volatile market, Phemex also offers you all the necessary trading tools to manage your risk well. You can use hedge mode to hold both a long and short position, or set advanced take-profit and stop-loss orders with multiple preset parameters to construct well-rounded trading strategies.

Something for Everyone

Probably no other crypto exchange is as versatile as Phemex. It’s great for expert traders and crypto newbies alike.

Phemex offers spot trading of over 350 different cryptocurrencies and contract trading of over 150. So whether you want to just buy and hold some Bitcoin, invest in a relatively obscure coin, or day trade futures contracts with high leverage for daily profits, it’s all available on Phemex. In fact, Phemex currently offers the lowest credit card fees to purchase crypto across the entire industry, so it is the go-to place to onboard for beginners.

The platform boasts an Academy of roughly 1,000 detailed long-form articles covering every aspect of the crypto market including bluechip projects, trading signals, and new innovations. Reading one or two articles every day will take you from crypto illiterate to blockchain master within two weeks.

For trading experts who are comfortable with more risk, they can take advantage of Phemex contract trading with 100x leverage or margin trade on the spot market with up to 5x leverage and low costs to borrow.

Newbies and veterans alike will appreciate the copy trading feature. Experienced traders can apply to become Top Traders who can have their trades copied by other users, and earn an extra commission from it. Conversely, newer users can take the opportunity to copy trade highly experienced and profitable users so they can enjoy pro trading returns without needing to accumulate the knowledge.

Phemex is even building its own Web 3.0 ecosystem where users can mint their own Phemex Soul Pass and get early access to the upcoming Phemex Token. By participating in xPT Pre-Mining event, users earn free xPT airdrops just for trading contracts on the platform, making Phemex the most lucrative crypto exchange to trade on right now.

Bottom Line

Crypto isn’t going away, so you may as well get more involved. Phemex is the premier cryptocurrency trading platform for both novice and experienced members.

Their focus on transparency and security sets them apart from other exchanges, and is a breath of fresh air in an industry rife with opaque scams. The Phemex trading engine is industry-leading in its trading execution time of 300,000 TPS with 24/7 availability, so the platform’s technical prowess is evident.

Now is the best time to try out Phemex, because they are currently hosting the xPT Pre-Mining event ahead of their platform token launch. For a limited time only, if you sign up and trade contracts on Phemex, you’ll receive free xPT token airdrops for free which can later be converted into Phemex Token and sold on the open market.

So whether you’re a crypto enthusiast who has been searching for a new exchange, or someone looking to dip toes into crypto for the first time, the platform to pick is clear.