Top Crypto Exchanges – Bybit vs Phemex

Review of the the crypto-trading platform – get the reward bonus

In these article we’ll take a look of two of the best crypto exchanges (Bitcoin, BTC, Altcoin) at the moment: Bybit and Phemex. In fact, these two new-entries have a lot to say against the well known BitMex. For our readers, a welcome reward link (up to $90 and $72 dollars for Bybit and Phemex respectively) to open a new account inside the article!

How to buy cryptocurrencies like Bitcoin, Ethereum and XRP?

You can buy cryptocurrencies on certified Crypto Exchanges. Some of the most known Crypto Exchanges are Binance, eToro and Bitstamp. Most of crypto currencies have completely recovered since the market crash of March 2020 (related to the pandemic Covid-19). Due to the increasing attention towards the Cryto-world, it is now possbile to buy Bitcoin, XRP, Ethereum (and other cryptocurrencies …) with Credit Card. Phemex, in particular accepts the following payment methods:

• Credit/Debit card
• SEPA Bank transfer
• Apple Pay

You have only to open an account [open a phemex account -FREE]

INVITATIONAL CODE FOR WELCOME BONUS (insert in registration phase): JRIVK

A new trading platform: Phemex.

Phemex is a new BTC exchange in comparison to other such as BitMex or Bybit (which is also relatively a young platform). But now we have to consider the main differences, PROs and CONs:

What are the best features in Phemex platform?

• User friendly interface much simplier than BitMex.
• For beginners traders, the opening/closing order is very easy to do. The options available are similar to those of Bybit. Open a short/long position with either a Market order, a Limit Order or a Conditional Order. Also Cross-leverage is available.
• When you place an order you can choose between Index Price, Last Price and Mark price for Take profit and Stop Loss options.
• It is possible to manage multiple sub-accounts which allows to open different position at the same time (for example in one you can go long and in another sub-ccount you can go short).
• You can deposit USD dollar into you account.

Why should I do not choose Phemex?

• Phemex wallets only allow deposits and withdrawals in BTC. However, Phemex provides both a BTC trading account and a nominal USD trading account. To trade BTC settled contracts, users simply needs to fund their BTC trading accounts from a wallet. To trade USD settled contracts, users can exchange BTC from a wallet to their USD trading account through a real-time fair rate.

A resume of the trading fee and main features is reported in the image below.

Go to the reward link [WELCOME BONUS + 7 DAYS PREMIUM ACCOUNT FREE].

Crypto Exchange: Bybit.

Since 2018 Bybit has attracted a lot of Bitcoin and Altcoin traders due to its simplicity to use. As we said in the introduction, Phemex and Bybit are two young platform which are growing-up very fast thanck to their capabilities. Now, let’s check strength and weaknesses of Bybit.

Why should I choose Bybit exchange? The PROs.

• User friendly interface much simplier than BitMex.
• For beginners traders, the opening/closing order is very easy to do. The options available are similar to those of Bybit. Open a short/long position with either a Market order, a Limit Order or a Conditional Order. Also Cross-Leverage is available.
• You can make deposits of BTC, ETH, XRP and EOS.

What is not allowed to do in Bybit trading platform?

• You’re not allowed to have multiple accounts.
• When you place an order you can’t choose between Index Price, Last Price and Mark price for Take profit and Stop Loss options. You can change the type of price only the order has been submitted and placed on the market.

Go to the reward link [click].

Claim the welcome bonus: the links.

On the whole we think that both thse platforms are an optimal choice for Bitcoin and Altcoin trading, the slight differeces which emerges between two may lead you to prefer one to another. According to us, a good choice may be differenciating and using both of them.

In case you want to open a Bybit account, you can have till $90 bonus by using the following link:

—>Claim your $90 dollar reward with Bybit [click]

—>Claim your $72 dollar reward with Phemex [click] + 7 days of Premium account for FREE