https://ift.tt/reVvKCL Phemex alternatives: top competitors and exchanges better than Phemex

The platform came to be sometime in 2018 with its original headquarters being established in Singapore. Since then they’ve expanded their operations to additional offices in Hong Kong and Taiwan in an effort to support their growing user base of 100,000+ traders hailing from places such as North America, Europe, Russia, Japan, South Korea and Southeast Asia.

Deposit fees:
Free
Withdrawal fees:
Free
Trading fees:
-0.025% – 0.075%
Payment Methods:
Only crypto
Supported fiat:
None

  Up to 100x leverage
  No mandatory KYC
  Reduced risk of price manipulation and liquidations

No US citizens allowed
Limited number of supported coins

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.

Deposit fees:
Free
Withdrawal fees:
N/A
Trading fees:
0.075%
Payment Methods:
Crypto only
Supported fiat:
None

  Futures and derivates trading
  Many advanced features available
  Low fees

Not suitable for beginners
No fiat deposits / withdrawals available

Like many similar exchanges, Margex is also a bitcoin-only platform when it comes to withdrawals. However, you can deposit funds with either bitcoin or fiat, thanks to their integration with Changelly, a service where you can buy crypto with credit and debit cards.

Deposit fees:
Free
Withdrawal fees:
You only pay the miners fees, Margex charges no extra cost.
Trading fees:
0.019% – 0.060%
Payment Methods:
You can deposit fiat via Changelly platform
Supported fiat:
USD

  Lowest fees in the industry
  High leverage
  No KYC

Relatively new platform
Not available in the U.S. or Japan
Anonymous company behind the platform

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 in Hong Kong, HK.

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

Not fully registered
Hacked in 2019

Kucoin offers an impressive number of cryptocurrencies that you can buy, sell, trade and store with low trading fees. Kucoin supports spot trading, futures, P2P trading, margin trading, copy trading, savings, leverage, perpetual, NFTs, and many more. In addition, it has over 1200+ cryptocurrencies available for trade and 2300+ trading pairs.

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

Just 4 payment methods
Hacked in 2020

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.

Deposit fees:
Free
Withdrawal fees:
0.0005 BTC
Trading fees:
0.05%
Payment Methods:
Crypto only
Supported fiat:
None

  No skills needed to start using it
  Easy to use
  High leverage
Low fees

Unregulated
Limited number of coins

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

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