Phemex, one of the world’s leading cryptocurrency exchanges, has announced an revolutionary program to change everything on spot trading world named as Era of Zero on 15th of May, 2020. As you can understand from the tittle of the announcement, main goal to reach is making all trades feeless. On the other hand Phemex team wants to reach anyone who believes blockchain technology will make our lives safer and faster.
What is Phemex?
Phemex is one of the most liquid cryptocurrency derivaties exchanges based on Singapore. Even Phemex is only 7-months old exchange, it became one of the Top-10 on CoinMarketCap leaderboard. It allows users to trade 6 different cryptocurrencies up to 100X leverage. You can trade on Phemex without any KYC-AML policy for now.
What are the advantages of Phemex users?
Phemex offers crypto-derivates exchange with one of the lowest fees on crypto world. You must pay 0.075% as Taker fee but Phemex rebates you 0.025% of Maker orders. It means that users both gain from trading activities and also they don’t need to worry about high fees. Besides that, you can trade on mobile app everywhere. This topic is one of the biggest problem of BitMEX so far and Phemex provides all-day trading with this app.
There’s ‘’Welcome Bonus’’ still ongoing at Phemex. Newly registered users can grab up to 72$ Trading Bonus with completing simple steps written on WelcomeBonus page on website. If you have no idea about leveraged trading, you can try it first on TestNet, then take your bonus to make big profits. You can register via this link to grab Welcome Bonus and Premium Membership.
What is Premium Member of Phemex?
Phemex users are categorized into 3 different groups, namely as Standart, Premium Trial and Full-Premium. All the features I mentioned above are valid for any of Phemex customers. But Premium users are able to trade with zero-fee on Spot trading on platform. Limitless withdrawal ability, hourly withdrawals and ability to place Conditional Orders are some additional features for Premium users.
As you can see, Era of Zero starts here. With the Premium membership feature, every user can trade any amounts of cryptocurrency without fee. With the idea of providing blockchain innovation to everyone, Phemex took responsibility and make it 0. On the official announcement, all existing trading functions will remain unchanged but newly added spot trading part will be feeless.
How to Become Premium Trader?
There is 3 different options to become ‘’Premium Member of Phemex’’. Firstly, you will be gifted from your friend with 30-day Premium package. But only existing Premium users can gift it to you. Secondly, you can purchase monthly, 3 monthly or yearly Premium membership with using USDT. Lastly, when you complete 3 tasks, you can get Premium account on Phemex. All details are found on related blog article.
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