Everyone wants to be a millionaire.
And there's a million ways you can approach trading crypto.
If you just want to onboard your money and HODL for 5-10 years,
hey, that's fine.
And you'll probably be successful. The numbers bear that out.
There's nothing particularly wrong with this approach.
Just know that you're exposed when the market goes up
and when the market goes down.
This fact alone is problematic to some traders,
which is why there's a certain breed of us
who take the time to learn the ins and outs of the trading game.
For those who put all the chips in the middle and go full time crypto,
well, these are the ones who put in the hours,
do their research and strive to create a flawless optimal trading strategy
to make life-changing money.
If you want to change your life, then you must learn how to optimize your trading.
And to do this, you need all the right tools for the job.
After all, if someone wants to be a mechanic,
well, they have to invest in their hustle and buy the tools for the job, right?
Let's get it!
In this video, we're going to be talking about everyday trader's best friend in crypto Phemex.
Most crypto exchanges out there don't give you the tools you need
to put your optimal strategy to work.
Most of them, like Coinbase and Binance.US, well, they don't even let you put in shorts.
If you don't have the ability to make money when the market goes down,
well, you're missing out on half the opportunity.
What you need is a comprehensive all-in-one platform
that gives you the tools to implement your optimal strategy.
Now, you could argue that there are a few other exchanges
where you can long, short, leverage trade and put your money to work to earn passive income.
But you don't want just any run-of-the-mill exchange that fits the bill.
You want the fastest, most efficient exchange with the most users and most liquidity.
If you want to be a whale, you have to swim with the sharks.
And if you're ready to level up your crypto game, well, you can get your feet wet on Phemex.
Now, as you guys know, if you watch our live stream,
Phemex is the site that we do our trading on.
So, what we've done is we negotiated a special deal for BitSquad members on new Phemex signups
that you can only get by following this link.
It's down below in the description.
So, back in 2019,
a few Morgan Stanley senior executives teamed up and set out to build a reliable platform
that exceeds the limitations of traditional finance.
The Singapore-based platform now prides itself
for being the most efficient crypto trading and investment platform.
They have the numbers to back it up.
With over 5 million users across over 200 countries,
with over 30 integrated liquidity providers,
Phemex supports over 130 contract trading pairs
where you can use up to 100X leverage and over 230 normal spot trading pairs.
Don't ever use leverage that high.
Phemex comes complete with an easy-to-use interface available on desktop or mobile,
cheap trading fees and every feature you could ask for and more from a trading platform.
You can use contract trading to leverage trade with up to 100, like I said,
but please be very careful.
3-10X leverage works just fine.
It's not that extreme.
Some people would say 10 is way too high.
Just make sure you're being safe out there
and don't lose what you can't afford to lose, obviously.
Simultaneously long and short, though, at the same time
since they offer multiple perpetual contracts.
If you don't know, perpetual contracts are similar to futures,
but there's no expiration date, so you can take all the time that you need.
Another highlight that adds to this is that Phemex has a quick order execution engine
and they have plenty of liquidity, so you can easily jump in and out of trades
with no issues at all.
Now, if you'd like to watch a tutorial on how to trade on Phemex,
make sure to watch the video in the description.
Besides trading,
Phemex gives you every opportunity to earn extra bonuses,
put your money to work so you can make passive income.
With the crypto interest accounts,
you can choose a fixed or flexible contract on stablecoins or popular crypto assets
to add to your moon bag.
Using the Phemex launchpad,
you can stake coins that are about to launch on the platform
to earn massive extra income and enjoy hourly payouts.
Besides staking and earning,
you can lock down some extra profits several different ways on Phemex.
First of all, if you're new,
you can cash in on welcome bonus, where you can make up to $180.
Be sure to use our referral link in the description
for even more ways to earn and more ways to win.
Now, once you're all signed up,
you can invite your friends and double your rewards.
If you have a knack for getting your friends to sign up
and you want to cash in on the opportunity,
Phemex also offers an all-star program where you can permanently earn
up to 50% on all the trading fees collected in your network.
So, when you're making gains on your trades,
and we definitely want you to win,
you can also make passive income earning and staking
and make even more bonus money,
you can get your friends to sign up.
It's a win-win-win for everyone.
So just imagine.
You use our referral link.
You sign up. You get some crypto.
But now you're in a pickle because you don't know what the best trade to make is.
Well, on Phemex, you can spectate the top traders on the platform.
You can follow them and their trades.
Easy way to do it.
To choose a trader to follow,
be sure to consider their balance, total and monthly profit and loss,
most importantly, their monthly ROI.
Not many top traders are willing to give out their secrets,
but on Phemex, you have an opportunity to peek behind the curtain
to see how the pros execute.
Very bullish on this feature.
Making millions trading crypto, it isn't easy.
If it was, everyone would do it!
Luckily, through the Phemex Academy,
you can learn everything you need to know to become a blockchain expert.
With a plethora of articles covering crypto insights,
technical analysis, DeFi, metaverse, NFTs,
whatever it is you want to learn about,
they got you covered.
Phemex Academy keeps you up to date to the pulse of the industry
by releasing at least two or three articles every day.
This isn't some rudimentary low level educational content either.
They don't take this lightly.
If you don't know what a gamma squeeze is,
or if you want to learn how to calculate a rate of change formula,
be sure to spend some time over at the Phemex Academy.
Look at it like this.
Crypto is a game of chess.
Knowledge is king.
If you're new to crypto and you want to take it seriously,
you'll quickly learn that this is not a hobby.
It's a lifestyle.
To be successful, you have to appreciate the constant pursuit of education.
This is why Phemex has their own Student Foundation,
a research initiative that provides scholarships to outstanding students
in cryptocurrency, blockchain and Web3.
So far, they've given out over $50,000 in scholarship dollars
to over 25 students at 10 universities
so they can further their education and contribute to the future of blockchain.
Just at the beginning of this month,
Phemex announced a partnership with Université Paris-Dauphine - PSL,
where professor Herve Alexandre
who will assist hundreds of French students--
that was a terrible French accent--
into their research into DeFi and crypto assets.
And you might ask,
"Ben, it's great that Phemex cares so much about our education, but what about me?"
"Besides reading articles and watching tutorials, what can they do to make me a better trader?"
Don't worry. I got you covered.
Say you're only trading with a couple $100
and you want to see what would happen if you got the opportunity to trade with $5,000.
This is why the Phemex testnet offers a crypto trading simulator.
It's a perfect way to try out new ideas and test strategies with zero risk.
I don't care if you've been trading for 10 years or if you just started this yesterday.
This trading simulator is a tool you can use to shadowbox and get better at your craft.
It works just like you're longing or you're shorting on Phemex.
You can spot trade or trade with leverage, set your stop loss, the whole nine yards.
But just a heads up.
When logging into the testnet,
your log into Phemex will not get you in.
You have to register for the testnet separately from your normal account.
Now, if you want to take your trading to the next level,
and give yourself the chance to make life-changing gains,
be sure to use our referral link in the description and go sign up for Phemex today.
We do get a cut of the trading fees.
That's the way an affiliate link works.
Reflecting on everything we've gone over so far,
it's now no longer a mystery why over 5 million skilled traders choose to do their trading on Phemex.
My question is,
why wouldn't you choose Phemex?
They go above and beyond with every feature,
educating their users,
giving you a place to practice trades,
and even follow trades from some of the best in the game.
If you're worried about Phemex's security, you shouldn't be.
They use a hierarchical deterministic cold wallet system,
as well as two-factor authentication mechanism to protect all their users' accounts.
Now, keep in mind that this is a third party site, so you do not own the private keys to this crypto.
So be safe with that.
Their security, though, is top notch and a top priority.
Not only do traders choose Phemex for their features like security,
they choose Phemex because although KYC will expand some of the things you can or cannot do,
KYC (Know Your Customer) standards are not required to use or trade on Phemex at this time.
So you're going to have the best experience using a VPN
when you trade on Phemex or any other site.
It's as simple as this though.
If you want to level up your trading game,
if you want to be able to long and short with or without leverage,
practice trades, follow trades and earn passive income,
Phemex is the exchange for you.
This platform is perfect for beginners because of their learning program.
It's perfect for experts because they offer the best version of every feature under the sun.
If you want to take crypto seriously, you need a platform with serious capabilities.
Phemex has got it.
That's all I got.
Be blessed.
BitBoy out.