Phemex is one of the lading crypto exchanges in Europe. It’s established and highly-appreciated among crypto traders. However, in this article, we will go through some of the best Phemex alternatives, so without further ado, let’s go through each of them.
👛 Ease of Use – Easy 👛 Fees – Low 👛 Verification – 1 Day 👛 Reputation – Trusted 👛 Supported fiat – None
Bybit is a well-regarded cryptocurrency derivative trading exchange established in 2018 and registered in the British Virgin Islands. Its main headquarters is in Singapore, and it also has offices in Hong Kong and Taiwan. The platform boasts a variety of crypto trading products with competitive fees.
Bybit provides a plethora of features such as spot and derivatives trading, leveraged tokens, trading bots, an NFT marketplace, and multiple avenues to earn interest on cryptocurrency holdings.
Users have access to a broad spectrum of markets on the platform, including spot, margin, futures, and options. It supports 331 distinct cryptocurrencies, 240 futures contracts, and three options contracts. The exchange has introduced 34 leveraged tokens, allowing traders to magnify their potential profits and losses without incurring funding fees. Altogether, Bybit presents 608 tradable assets.
Additionally, Bybit has a staking initiative called Bybit Savings, where participants can earn up to a 12% annual percentage return.
Supported Countries Bybit extends its services to over 115 countries, catering to approximately 15 million users. However, due to certain regulatory and international sanction considerations, it does not operate in areas like the United States, Mainland China, Singapore, and a few other regions.
👛 Ease of Use – Medium 👛 Fees – Low 👛 Verification – 1 Day 👛 Reputation – Trusted 👛 Supported fiat – USD, EUR, GBP, CAD, AUD
Bitcoin Mercantile Exchange, or BitMEX, is a margin trading platform owned by HDR Global Trading Limited. HDR was founded in 2014 by three experts in the market – Arthur Hayes, Samuel Reed, and Ben Delo.
In the last couple of year, Bitmex got some competition to deal with – primarily from Bitfinex and PrimeXBT but also “regular” exchanges like Binance and Kraken adding leveraged trading to chop away from Bitmex’s pie.
👛 Ease of Use – Medium 👛 Fees – Low 👛 Verification – 1 Day 👛 Reputation – Trusted 👛 Supported fiat – USD, EUR, GBP, AUD, RUB
Binance was launched back in July of 2017 and very quickly became the world’s largest cryptocurrency exchange by trading volume with more than $1 billion on a daily basis.
There are various reasons why Binance became so popular so quickly with the main ones being a professional attitude, friendly and transparent CEO, low trading fees, and the large number of cryptocurrencies supported by the platform. In fact, the number of cryptocurrencies supported is over 350 and Binance is supported in over 60 countries. The founder of the exchange is Changpeng Zhao. Binance’s headquarters are unknown.
⚡️ Deposit fees: Free ⚡️ Withdrawal fees: Vary from crypto to crypto ⚡️ Trading fees: 0.1% ⚡️ Payment Methods: Debit Card, Credit Card, SWIFT, Bank Transfer (SEPA), and more ⚡️ Supported fiat: USD, EUR, GBP, AUD, RUB, and 15+ more
The largest cryptocurrency platform Various advanced services and features Low fees and high liquidity A large number of cryptocurrencies supported
👛 Ease of Use – Easy 👛 Fees – Low 👛 Verification – 1 day 👛 Reputation – Trusted 👛 Supported fiat – USD, EUR, GBP, AUD, CAD + 20 more
With more than 10 million users and over 6 billion in daily trading volume, KuCoin is rightly in the top 5 crypto exchanges in the world. KuCoin is headquartered in Singapore and is also known as “The People’s Exchange.” KuCoin offers 500+ cryptocurrencies that you can buy, sell, and trade.
Their proprietary trading platform, meticulously crafted for both beginners and seasoned traders, is a testament to their commitment to user experience. One of the standout features is their profit-sharing initiative, where they generously distribute 50% of their trading fees to holders of their native token, KuCoin Shares (KCS).
Furthermore, with an expansive support for over 50 fiat currencies and innovative features such as futures trading, KuCoin ensures a seamless trading experience. Its global reach extends to more than 200 countries, with a particularly strong foothold in regions like Asia, the UK, US, Canada, and Australia.
⚡️ Deposit fees: Free ⚡️ Withdrawal fees: 0 – 16$ (average) ⚡️ Trading fees: 0 – 0.1 % ⚡️ Payment Methods: Debit and Credit card, Apple and Google Pay ⚡️ Supported fiat: USD, EUR, GBP, AUD, CAD + 20 more
180+ countries supported Over 10 million users worldwide Mobile app available for iOS and Android Wide range of cryptocurrencies available Low fees Many additional features
👛 Ease of Use – Easy 👛 Fees – Low 👛 Verification – 1 Day 👛 Reputation – Trusted 👛 Supported fiat – None
PrimeXBT came into the crypto markets with aggressive adverts and appealing features – it was a platform with a mission to take on the leader among crypto margin exchanges – BitMex.
hey tried luring new customers with incredibly high leverages (100x) and more recently, by entering a partnership with Covesting, a cryptocurrency social trading platform started back in 2017 that has its own token dubbed COV.
So far, judging by the trading volumes, they did a moderately good job as the platform is not even among the top 20 derivative exchanges according to Coingecko data.
👛 Ease of Use – Easy 👛 Fees – Low 👛 Verification – 1 day 👛 Reputation – Trusted 👛 Supported fiat – USD, EUR, GBP, JPY, AUD, + 50 more
Gate.io is widely considered one of the biggest crypto exchanges in the world. The exchange is Gate Technology Inc. which is based in Virginia, United States. There are two languages available on the platform – English, and Chinese.
Gate.io is mostly suitable for experienced crypto investors since it offers a powerful trading engine with advanced trading features. It has a large user base with over 3.3 million users.
The exchange offers a variety of services and features such as margin trading, perpetual contracts, crypto ETFs, options trading, leveraged tokens, and flash token swaps. Furthermore, Gate.io offers advanced finance features such as lending crypto, crypto loans, and mining (classic mining of proof of work coins and liquidity mining of proof of stake coins).
⚡️ Deposit fees: Free ⚡️ Withdrawal fees: Vary from crypto to crypto ⚡️ Trading fees: Maker: 0.01% Taker: 0.2% ⚡️ Payment Methods: Debit/Credit Card and Bank Transfer ⚡️ Supported fiat: USD, EUR, GBP, JPY, AUD, + 50 more
A lot of advanced features and services Large user base Suitable for experienced traders
A low number of fiat currencies Regulations are a gray area Hacked in 2015 Not suitable for beginners
👛 Ease of Use – Easy 👛 Fees – Low 👛 Verification – 1 Day 👛 Reputation – Trusted 👛 Supported fiat – USD
StormGain was launched in 2019, and it serves as a crypto trading platform. With headquarters in London, StormGain is one of the most popular UK crypto exchanges. Currently, it has more than 5 million users from more than 180 countries.
The reason behind StormGain’s popularity is the variety of interesting features it has to offer. For example, there are cutting-edge charting tools, trade alerts, and trading tools. There aren’t many crypto specialist broker platforms on the market that can match StormGain’s potential. Features such as trading crypto derivatives, margin trading, futures trading, and leveraged trading are all included as well. In fact, the leveraged trading feature is considered to be one of StormGain’s strongest assets. This is because users can start leverage trading up to 200x on the supported digital currencies.
⚡️ Deposit fees: Free for crypto and 5% for fiat deposits ⚡️ Withdrawal fees: 0.1 % ⚡️ Trading fees: 0.095 % (BTC) ⚡️ Payment Methods: Credit/Debit Card and Third-party methods ⚡️ Supported fiat: USD and none for withdrawal
Extremely high leverage Low fees 24/7 Customer support
Still an unregulated platform Doesn’t support crypto-to-fiat exchanges
Yes, you can send Bitcoin and other cryptocurrencies with Phemex.
Does Phemex sell Dogecoin❓
Yes, Dogecoin is available in Phemex.
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