Review on Phemex by James Eunices
Phemex...
Phemex is an exchange or trading platform in which users trade with low minimal trading and transaction fee. The fees are very low and also very competitive in the exchange market. The registration was very easy and didn't require KYC verification. It involved only my password and my email which a code will be sent to.
Over my past two years of using phemex, all my transactions were quick and smooth usually taking less than 3 minutes. The security is also very good as it makes use of two-factor verification which protects users from theft and unauthorized access the importance is to ensure that users are making authorized withdrawals. Also, a confirmation email is sent to the given address and withdrawal proceeds after the confirmation link is clicked.
Its user interface is very appealing and can easily be used by both beginners and of course, experts it shows the exact price which is the updated price of the cryptocurrencies traded.
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Pros
- A relatively low trading fee
- It doesn't involve KYC verification
- Transaction is smooth and quick
- Uses two step verification
Cons
- It is an etherum based wallet
