- 7 Jun 2022
- Reading time
- 2 minutes
Cryptocurrency can be overwhelming, but trading and investment platform Phemex can help you learn the ropes.
It’s a wild time for investing! Cryptocurrency has become more mainstream, but it can seem like a complicated endeavor. There are some overwhelming concepts, but cryptocurrency and derivatives trading platform Phemex hopes to help make this new technology more understandable and accessible to more people. Phemex, which launched in 2019, serves around 2 million active users in over 200 countries. Its mission? To provide investment opportunities for all, combining cutting-edge technology with integrity. Phemex strives to operate ethically as it provides investment opportunities.
Phemex and the metaverse
The Phemex slogan is "Break Through, Break Free," which expresses how the company sees its role in the metaverse and Web 3.0. (Web 3.0 is an idea for a decentralized World Wide Web-based on blockchain technology — a digital structure that allows secure, direct transactions — thought to be the next evolution of the internet.) The company supports a collaborative virtual space with real-time interaction.
Cryptocurrencies are relatively new, and they’re certainly perplexing to some. It’s a brand-new world of investment opportunities, after all. Providing crypto knowledge, tools, and access is important to Phemex, which is why it offers the Phemex Academy, a free resource providing blockchain knowledge. Don’t understand the metaverse or NFTs? No problem — there are over 600 articles to peruse. Learning is a part of the process.
Capabilities and safety
Users can download the Phemex app on Android and Apple mobile devices for convenient trading and mobile app support. Phemex partners with six fiat payment gateways so users can buy crypto using credit and debit cards. A Hierarchical Deterministic Cold Wallet System assigns separate cold wallet deposit addresses to each user for safety. You can rest assured that your currencies and trades are safe and secure.
Phemex offers various opportunities for bonuses, including a welcome bonus for new users: Receive up to $60 for any deposit of 0.03 BTC or more.
Buy and sell crypto
The most basic method of trading is called spot trading, and it’s when you purchase a cryptocurrency and hold it in your exchange wallet in anticipation of value appreciation. Phemex offers a spot trading service with over 200 Spot Trading Pairs — great for beginners.
Crypto derivatives trading
Looking for a high-risk, high-reward form of trading? You might be ready to up the ante if you're past the beginner stage. Phemex’s crypto derivatives products allow you to trade with leverage up to 100 times higher than your original margin.
Phemex’s Earn Crypto program provides users with a safe asset management product using thorough testing and elevated investment strategies. Users can earn up to 11% APY through Earn Crypto products. Generate daily earnings when you transfer cryptocurrencies to an Earn Crypto account.
As with any financial investment, potential investors should learn about the risks involved. Researching all the options and possibilities will ensure safer transactions. Never risk more money than you can afford to lose.
Phemex is an all-encompassing crypto trading and investment platform that has been hailed in many quarters as one of the most efficient crypto trading and investment platform. The platform is where you can make your fortune from trading in cryptocurrency and its derivatives. With all of its combined features, Phemex is the ideal platform for beginners and experienced traders alike. Apply advanced strategies with derivatives and contracts, or play it while earning a stable APY guaranteed. Have a look and try it out!