The markets are heating up in a serious way.
And whether you're a young crypto greenhorn or gigachad trader,
chances are you're looking to maximize your gains while also minimizing risk to your portfolio.
But with such a wide array of platforms out there,
each with their own set of features and benefits,
finding the right one for you is the first crucial step.
It's a bit like choosing the perfect car.
You want it to be fast, easy to handle, sexy, safe, and, of course,
you don't want it to be breaking down as you cruise along your road to financial freedom.
You probably heard of the usual suspects,
Binance, Coinbase and the new kid on the block, FTX.
Poor Uncle Brian.
It can't be easy losing out to a way smarter and richer 29-year-old with a glorious head of hair.
Anyway,
today, we'll be taking a look at one of our go-to platforms for both spot and leverage trading,
an exchange that hits the sweet spot between being easy to use
boasting a range of powerful features,
as well as some of the tightest security protocols in the game.
Let's get it!
Welcome to BitBoy Crypto!
Home of the BitSquad
The largest and greatest crypto community in all the Interwebs.
My name is Ben.
Everyday on this channel, I show you how to make money in crypto.
If you like money and crypto, be sure to hit that subscribe button.
Phemex was built with a simple mission,
empowering everyone to trade easily while efficiently managing risk.
Despite being less than three years old,
it's already positioned itself as an industry leader with millions of loyal customers.
Why?
Well, every platform is the sum of its parts,
and no project is better or worse than the team behind it,
which would explain why Phemex has been able to secure such a great reputation
in only a few short years.
Their incredible founding team consists of eight former Morgan Stanley execs
who came together because they felt the crypto market was missing something crucial.
And, no, I assure you dirty Gary Gensler was not invited to the party,
or any party for that matter.
Which is probably why he's such a creepy buzzkill.
How's that for some Halloween inspiration?
Anyway, sitting at the helm of Phemex is this guy,
Jack Tao,
who, in a former life, spent 11 years as senior executive at Morgan Stanley,
which was when he also began moonlighting as Bitcoin miner and crypto enthusiast.
Unlike Skeletor,
Jack saw the light,
namely that the current banking ecosystem was fundamentally skewed in favor of the privileged few,
so he decided to do something about it.
Jack hung up his tie and joined forces with some of his most trusted colleagues,
and by combining their strong technical backgrounds,
not to mention extensive Wall Street experience,
they were able to design a top-tier new platform,
Phemex.
Pheme being the Greek god of fame who's represented the public's voice
and MEX meaning mercantile exchange.
Put together, they encompass Phemex's vision
for an enhanced, optimized and inclusive financial future for all.
I guess that makes Jack the Harry Potter to Gary Gensler's evil Lord Voldemort.
Okay, so there's the origin story.
Now, let's dive into what Phemex is all about for the user.
But quickly right before we do that,
if anyone would like to sign up for Phemex, you can head on over to bitboycrypto.com/deals,
scroll down to the Phemex section,
and you get access to our incredible deposit bonus deal we have secured with them
by using that link.
Okay, so when you get there,
the first thing you'll notice is a simple, easy-to-navigate interface
that puts functionality front and center.
To get up and running takes just a few clicks since there's no KYC on smaller accounts.
Users can start trading either by depositing existing crypto assets
or alternatively exchanging some of that filthy fiat by way of credit card or direct transfer
all at zero fees.
That's a zero, a round number.
Better yet, new customers can also benefit from welcome bonuses of up to $100,
unless you use our link.
You get $1600.
Not bad at all.
At that point, you can start reaping all the benefits of Phemex's full suite of trading options.
In terms of what pairs you'll have at your disposal,
well, they've been steadily adding some of the very top coins to their roster
readily available for both spot and contract trading.
So if you're looking to trade a new memecoin nobody's heard of
and which your Uber driver told you would make him a billionaire,
well, this may not be the platform for you.
But that's because Phemex only lists tried and tested projects
with rock solid fundamentals.
Nonetheless, the development team is constantly gathering feedback,
comments and pairing requests on social media,
and their 30+ pair list continues to expand.
Now, a quick lesson in leverage trading.
In short, it's super powerful,
but it can also be incredibly dangerous.
A bit like the Elder Wand.
I don't even know what that is.
If you know what you're doing, it can absolutely supercharge your gains,
but in the hands of a rookie,
well, there's a good chance it could backfire spectacularly.
Anyway, with that in mind,
Phemex had made risk management easy as pie with one-click take-profit and stop-loss orders
whenever you open a position,
an essential but often ignored part of any successful trading strategy.
And believe me,
I've learned the hard way,
so you don't have to.
Why?
Well, that's all thanks to Phemex's incredible testnet.
Their crypto simulation platform allows users to learn how to trade crypto
and test different strategies without risking their own capital.
And look,
I know it can be tempting to skip over these things in search of speedy gains,
but I highly, highly recommend you don't if you're new or relatively inexperienced.
Trading is all about risk management, folks,
so you'd be literally insane not to take advantage of the simulated platform,
avoiding real world leverage until you're able to make consistent gains.
If you don't,
I can guarantee you'll end up like this guy.
No!
Once, and only once, you're ready to harness the power of leverage,
another cool feature is Phemex's use of sub-accounts.
This allows users to clearly separate between spot, open, short or long positions,
all while ensuring an isolated trading balance on the various sub-accounts.
That means trades from one account don't end up affecting the leverage balance
or margin available on the other.
Very smart.
Something else that sets Phemex apart is their innovative fee model.
So while any customer can benefit from super competitive rates
of 0.075% to the maker and 0.025% to the taker,
you can also forget spot trading fees entirely by signing up to Phemex's premium membership,
with plans costing as little as $6.99 per month.
That's $6.99.
Those fees can really stack up, so for the more active traders among you,
a membership plan with a low fixed cost is a slam dunk no-brainer.
Speaking of no-brainers, get a deal by signing up with Phemex
by clicking the link on bitboycrypto.com/deals.
After making your first deposit,
you can get up to a $1600 bonus in your Phemex account
to get you trading ASAP.
As for the trading interface itself, well, it's easily one of the fastest around,
and that's because they've got some serious super nerds like Yang Du
committed to creating the Lamborghini of exchanges,
which is constantly being maximized and fine-tuned for the ultimate user experience.
With all that said,
you won't be surprised to hear that the team have also placed customer security
at the heart of their operation.
After all, cool features mean nothing if your capital is vulnerable to attack.
But have no fear because Phemex uses only the best security protocols available.
I'm not talking cold wallet storage.
I'm talking a hierarchical deterministic cold wallet system
that assigns separate cold wallet addresses to each and every user.
That means all deposits are then individually gathered
in the company's multisignature cold wallet via offline storage.
They've also got top of the range cybersecurity procedures
including multiple firewalls to separate zones and machines for different trading purposes.
And besides 2FA for all transactions,
Phemex uses a bank-level double-entry bookkeeping system
to protect your account security at all times.
In short,
when it comes to securing their platform,
you'd be hard pressed to find a more stringent set of safety protocols anywhere in the space.
After all, Jack Tao was inspired to build his own platform
after losing a chunk of his investments due to a system malfunction
when he first got into crypto.
They care.
And they take this stuff super seriously so you don't have to worry.
So, with top-level security, a user-centric approach,
easy-to-use interface, innovative fee models,
and a team wholly committed to driving value for its customers,
Phemex ticks all the boxes and more.
So whether you're looking for a new platform to get started with
or are simply excited to benefit from their great values and unique approach,
I don't know what more to tell you.
I highly recommend you check them out.
You won't be disappointed.
That's all I got.
Be blessed.
BitBoy out.