InvestingCryptoWhat is FameEX?: Pros and Cons, Fees and Registration...

What is FameEX?: Pros and Cons, Fees and Registration Process

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What is FameEX?

FameEX has developed into a global leader in derivatives trading by offering a wide variety of spot and derivatives trading products along with cross-platform tools. These services include spot trading, grid trading, margin trading, futures trading, and options trading for cryptocurrencies. Users may trade and store their cryptocurrencies with ease using an efficient and stable matching trading system, as well as AI-recommended order placement, an online futures calculator, grid trading bots, and other trading assistance functions available on the platform.

What is FameEX
What is FameEX

Over 600,000 active customers in Southeast Asia, Australia, Canada, and other countries and regions were served by FameEX as of March 2023. FameEX is committed to providing its international clients with trading services that are safe, dependable, easy to use, quick, impartial, and transparent. Their basic operation principles include avoiding trading risks, encouraging honest and transparent competition, and adhering to the tenet of “smart trading for easy gains.”

Supported Cryptocurrencies in FameEX

More than 78 cryptocurrencies are currently listed on FameEX according to its strict listing criteria. Notable cryptocurrency examples are BTC, ETH, ADA, DOT, SOL, USDT, MATIC, AVAX, DOGE, SHIB,…

Derivatives Trading Tools

FameEX provides excellent tools for trading derivatives, including advanced features like profit calculators, quant trading, and AI suggestions. FameEX intends to provide additional strategic tools in the near future as part of its ongoing efforts to aid traders. Furthermore, it allows businesses and individuals access to SDK assistance, enabling them to create the best possible investment strategies. FameEX aims to provide its consumers with practical and user-friendly tools for easy profits while limiting trading risks, and creating open and impartial competition.

What is FameEX
What is FameEX

FameEX Affiliate Program

By inviting their friends, individuals may earn commissions through FameEX’s newly launched referral program. Through your exclusive referral link, invitees can join up for FameEX and you can get up to a 60% commission on their trading fees. The commission you get is computed by multiplying the invitees’ spot or futures trading volume by the trading fee and corresponding commission rate. Commissions are calculated hourly and transferred immediately to your spot account.

Mobile Support 

In response to the demands of customers who regularly travel and need access to their FameEX accounts while on the road, FameEX has announced that mobile support is available for both iOS and Android devices. Users may now seamlessly manage their accounts, monitor investments, and execute trades directly from their mobile devices owing to the new mobile support, which offers convenience and flexibility.

FameEX Trading View

Every trading exchange provides a range of trading perspectives with its own advantages and characteristics. It is critical to understand that there is no universally “best” viewpoint that meets everyone’s demands. Rather, it is important that you examine and decide which trading view suits your needs. Most of them show the order book or a part of it, a price chart for the selected cryptocurrency, and order history, they have purchase and sell boxes as well. Please check out the trading view before selecting an exchange to make sure it seems suitable for you. As of May 22, 2023, the trading view in spot trading mode at FameEX is displayed in the following picture.

What is FameEX
What is FameEX

FameEX Fees

Based on your membership level, FameEX offers a tiered fee structure that ranges from VIP 0 to VIP 9. The charge rate for spot trading goes from -0.01% to 0.1%. In futures trading, makers are able to estimate rates ranging from -0.01% to 0.02%, and takers can expect rates between 0.01% and 0.04%. The FameEX platform’s trading costs are graded based on the accumulated trading volume over the last 30 days, making it one of the lowest-cost platforms available.

FameEX Withdrawal fees

Users who withdraw Bitcoin from their accounts at the FameEX cryptocurrency exchange are charged a withdrawal fee of 0.0004 BTC for each transaction. It should be noted that each withdrawal requires a minimum of 0.001 BTC. Kindly remember that withdrawal fees might change depending on the cryptocurrency. This charge is a common practice in the industry and is very small when compared to other exchanges in the market. Withdrawal fees are used to pay the costs of processing transactions and network fees connected with transferring Bitcoin from an exchange to a user’s wallet. Before engaging in transactions or selecting an exchange, users must seriously consider withdrawal fees. Users can reduce additional fees by choosing an exchange with reasonable withdrawal fees.

FameEX Withdrawal fees
FameEX Withdrawal fees

US-investors and Deposit Options

At this time, Fameex is unable to offer cryptocurrency-related services to users in the United States due to its regulatory limitations.

Deposit Methods

When purchasing cryptocurrency, FameEX consumers have a wide range of selections, including credit cards, debit cards, and Apple Pay. These choices make it much easier for inexperienced users to begin their first cryptocurrency career by eliminating barriers to access. As a result, FameEX has made a name for itself as a well-known exchange for beginner cryptocurrency.

US-investors and Deposit Options
US-investors and Deposit Options

Security 

Through its Web and mobile apps, FameEX offers its global consumers secure, stable, simple, fast, and transparent digital asset trading services. To guarantee the security of user transactions, it incorporates a number of measures such as multinational and hierarchical server management, dual authentication through KYC+OCR, and 24/7 financial risk control.

To strengthen the security of its consumers’ funds, FameEX uses cutting-edge encryption technology. The platform has a four-layer ladder encryption security technology, cutting-edge technological architecture, and an innovative third-generation turbo matching system. By taking these precautions, you may be sure that there are no technological dangers to any part of on-chain storage or off-chain security.

FameEX Research

In order to improve industry transparency, bridge the knowledge gap between users and the market, and support users in making well-informed trading decisions, FameEX Research has been established. It achieves this by presenting insightful data analysis and analyst forecasts for market trends from cryptocurrency experts. Users may get research reports on popular coins and projects from reliable third-party institutions to assist them in making the best trading selections. FameEX assists users in increasing industry transparency and making wise choices by staying up-to-date on industry perspectives and theoretical analysis.

FameEX FAQ

Is FameEX Reliable?

We currently do not consider FameEX to be a trustworthy exchange but it does not mean that it is risky. Before making any deposits, be careful to review the security procedures and performance history of the exchange.

How Can I Fund Money in FameEX?

You may deposit cryptocurrencies into your FameEX account to fund it.

Can I deposit fiat on FameEX?

No, FameEX does not allow fiat money deposits. Consequently, FameEX is intended for customers who are already bitcoin owners.

Can I buy crypto on FameEX via credit card?

On FameEX, cryptocurrency may be purchased using a credit card. One of the quickest methods to buy Bitcoin is using a credit card but there are usually additional fees associated with this method. Before completing your purchase, please make sure that you have verified the relevant costs.

Does FameEX allow me to trade USDT stablecoin?

Yes, trading across 119 trading pairs is possible on FameEX using the USDT stablecoin. FameEX handled $ 779.77M worth of USDT trading volume in the last 24 hours.

Does FameEX support a mobile app?

Yes, there is a mobile app for FameEX. You may download the exchange app for iOS and Android devices. With a mobile app, you may trade cryptocurrencies while on the road and monitor the performance of your holdings on the exchange.

Is FameEX a centralized or decentralized exchange?

FameEX is a centralized cryptocurrency exchange. This indicates that FameEX manages the platform’s trading and the management of users’ cryptocurrency deposits. Centralized cryptocurrency exchanges are suited for all levels of users, from novices to seasoned traders.

How many cryptocurrencies are available to trade on FameEX?

FameEX allows you to trade 119 tokens over 119 trading pairs.  For the past 24 hours, FameEX has conducted transactions totaling $ 779.77 million.

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