Best Trading Bitcoin Platform

Author: nicolas tang

Trading Bitcoin Platforms

There is no one size fits all for exchanges. Each user has unique needs when buying cryptocurrency. But let’s have a look at one of the most trustworthy exchange available on the market as well as best trading bitcoin platform.

Phemex:

Founded in 2019 and led by over 8 former Morgan Stanley Executives, Phemex is the latest cryptocurrency derivatives trading platform. Phemex sports a “User-Oriented” approach to developing its features and offer incredibly high performance by the standards of the crypto industry. Phemex allows its users to trade contracts backed not by crypto assets, and promises, in 2020, to accommodate derivatives of traditional financial products, such as S&P 500 stock indexes, interest rates, FOREX, commodities, metals, energy, etc. Comparably to BitMEX, deposits and withdrawals can be made only using BTC, which can be leveraged (up to 100x) for all the previously mentioned products.

So why is Phemex the best trading bitcoin platform?

Noteworthy Features:

Phemex’s most remarkable characteristics are technical: <1ms latency speed, >300k transactions/second, >99.9999% availability, which put Phemex on part with traditional financial exchanges. Phemex will also support FIX API and sub-accounts commonly requested features by crypto users. In terms of crypto-assets Phemex’s offer is relatively contained: Bitcoin, Ethereum, Ripple, Litecoin; and in terms of orders the platform offers the most common type of orders.

Security:

Asset security seems to be taken very seriously at Phemex, the platform built its own Hierarchical Deterministic Cold Wallet System, which assigns an independent deposit address to each user so that all assets are kept in cold wallets. Moreover, similarly to BitMEX, BTC collection and transfer are all conducted via offline signature with strict human scrutiny.

Fees:

Phemex establishes a 0.015% maker fee and a taker fee of 0.065% plus 0.05% fee for the platform, which is on par with the rest of the industry.

Limitations:

Currently, Phemex does not allow FIAT currencies, creating an entry barrier for beginners. Also, similarly to BitMEX, Phemex accepts only a limited number of cryptocurrencies, and it should be noted that Deposits/Withdrawals can be made only using BTC.

For any inquiries contact us at support@phemex.com.

Follow our official Twitter account to be updated on the latest news.

Join our community on Telegram to interact with us and the Phemex traders.

Phemex, Trade Simple

Click here to read about Phemex Dark Mode

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