Quality degradation at Phemex: Crypto & BTC Trading  
Users report higher volume of Quality Issues than usual
81
good

Phemex: Crypto & BTC Trading | unitQ Score

The unitQ score is the fraction of public feedback data (iOS & Android) that mentions quality issues.
100 = No Issues. 50 = Some Issues. 0 = All Issues
-7 Points Past 30 Days
Category: Finance
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30-Day Trend
 
Poor
 
Fair
 
Good
 
Epic
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Android unitQ Score
Android User Feedback
63%
Android
64 Reports
iOS unitQ Score
iOS User Feedback
37%
iOS
38 Reports
User Feedback
37%
iOS
38 Reports
63%
Android
64 Reports
Phemex: Crypto & BTC Trading - Latest Quality Issues
iOS
Dec 16, 2024
Verify…
…not possible
Android
Dec 17, 2024
No KYC . But high slipage
Android
Dec 17, 2024
I was using the app before the update but after the update I can no longer login and withdraw my funds any longer
iOS
Dec 17, 2024
No SL/TP after update
After the update, no TP or SL is possible. Still not fixed after 24 hours and no feedback from support. That's where you like to invest your money...
Android
Dec 18, 2024
The dumbest slowest exchange I've ever seen, with crazy commissions that are simply impossible to trade for profit. The withdrawal of the deposit is delayed, the status "waiting for transfer" hangs for more than 15 minutes, but you can simply immediately send coins from the account as on normal exchanges.
iOS
Dec 18, 2024
Verify…
…not possible
iOS
Dec 20, 2024
cool, reliable
unfortunately you can't change UI to a new follower.
Android
Dec 21, 2024
Awful platform. Theynchange there algorithm while you trade to wick you out of trades. They need to be reported for their unethical practices
Android
Dec 21, 2024
Deposited fiat, and not cleared after two weeks.
Phemex: Crypto & BTC Trading - Product Description
Phemex - The most efficient Crypto exchange and Crypto Futures trading platform. Trade Bitcoin, Ethereum, and other altcoins.

Phemex is a leading cryptocurrency exchange that specializes in spot and derivatives trading. It features 140+ USDT-margined contract trading pairs with up to 100x leverage that all support Hedge Mode, alongside 300+ popular spot trading pairs. Individuals from all over the world can instantly buy, sell, and trade blockchain cryptocurrency through a user-friendly and secure platform. Phemex is also pioneering a semi-centralized platform model by infusing decentralized mechanisms with existing CEX operations. The platform is moving into Web3 by incorporating soulbound token technology and DAO governance, as well as its own upcoming platform token. Phemex has released transparent Merkle-Tree Proof-of-Reserves so all users can verify on the blockchain that all funds are 100% backed on the platform. As the first exchange to publish both proof-of-reserves and proof-of-solvency through a unique, self-proving approach, Phemex stands out as one of the best and most trustworthy crypto exchanges.

Phemex Bitcoin (BTC) & Crypto Trading App Offers:
1. Buy Crypto with Credit & Debit Cards, Bank Transfer, P2P or other payment methods.
2. Derivatives (Perpetual Contract) trading with up to 100x leverage and settled in USDT, USD, BTC, or ETH.
3. Hedge Mode is supported for all USDT-margined perpetual contracts
4. Earn Bitcoin, USDT, and other cryptos with up to 10% APY interest. Passive crypto income.
5. Conveniently monitor your blockchain portfolio with customizable charts.

Crypto Welcome Bonus
1. Make a deposit to access 100 Million xPT and $50 Welcome Rewards!
2. Phemex Collaborator Affiliate Program allows users to permanently earn up to 50% in commissions on all trading fees collected from the referral network.

Phemex Supported Cryptos
Phemex currently offers 300+ spot coins on the blockchain:
BTC (Bitcoin), USDT, SOL (Solana), DOT (Polkadot), ETH (Ethereum), LINK (Chainlink), LTC (Litecoin), AAVE, ATOM (Cosmos), SUSHI, LUNA, UNI (Uniswap), ADA (Cardano), XTZ, FIL, SNX, CHZ, XRP (Ripple), TRX (TRON), MATIC, COMP, DOGE (Dogecoin), GRT, EOS, KSM, ALGO, XLM, MANA (Decentraland), YFI, BCH, ENJ (Enjin), MKR, AXS (Axie Infinity), BAT, ZEC, QTUM, NEO, ONT, VPAD, SAND, ALICE, ENS, ANKR, NU, GTC, OCEAN, MASK, USDC, YGG, AGLD, SLP, CAKE, HOT, FET, EOS, BNB, POLY, APE, CHR, OMG, TRIBE, XRP, DENT, 1INCH, MXC, C98, UMA, COMP, COTI, FEI, DAO, REN, BCH, etc.

Phemex currently offers 140+ perpetual contract markets:
BTC, ETH, LINK, XTZ, DOT, UNI, LUNA, LTC, TRX, ATOM, SNX, ADA, SUSHI, SOL, FIL, ALGO, ENJ, XRP, DOGE, XMR, KSM, BCH, NEO, COMP, MANA, CHZ, YFI, GOLD, etc.

Phemex Platform Features:
1. Education
Watch short introductory videos about crypto and answer quiz questions to earn crypto of your own.
Explore Phemex Academy to take your blockchain knowledge to the next level. Get latest Crypto News on the app.
2. High Performance
300k transactions per second (TPS), with order response times of less than 1 millisecond.
- Advanced Functionalities
FIX API for institutional traders and Sub-Accounts for quantitative traders.
3. Strongest Bitcoin Wallet Security
Cold wallet storage. Transfers require 2-level human scrutiny with offline signatures.
4. Access and Support
24 x 7 live multilingual support.
Transfer from Solana Phantom Wallet is supported.

Phemex Platform Safety
Ensuring the safety of every single account is Phemex's top priority.
- Wallet Security
- System Security
- User Account Security
- Trading Engine Security

All assets are 100% stored in cold wallets. Each withdrawal is thoroughly monitored on the blockchain and requires two-person approval with offline signatures. With the executive team’s advanced Wall Street risk management experience, malicious actions are easily detected and protective measures are quickly deployed.
Learn More Here: https://phemex.com/security
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