Comparison of Phemex vs Flipster [ 2024 ]

The crypto exchanges compared by their commissions, cryptos, security and much more. Here is the Phemex vs Flipster comparison!

Your expert: Alejandro Borja

Phemex

Your expert: Xavier Tarrasó

Flipster

Main points

Fees

0,10%

Earns

Customer service

3/5

Fees

Earns

Customer service

2/5

Recommended for

Beginners

Trading

Yes

Passive income

Buy and hold

Yes

Beginners

Trading

Passive income

Buy and hold

Comparison of fees

Rating

4.1 – Low fees with a focus on derivatives trading.

3.8 – Competitive fees with additional benefits for high-volume trading.

Level

0,10%

Brief explanation

Phemex implements a transparent and competitive commission structure, which is one of its standout features. The platform offers zero-fee spot trading for premium members, a unique model that encourages active trading and enhances affordability. For non-premium users, the fees remain competitive with the industry average. The fees for futures trading are also attractively low, with maker and taker fees structured to incentivize liquidity provision on the platform. This setup allows traders to manage their costs effectively, which is especially beneficial in a market where margins can be tight.

Flipster operates on a competitive fee structure, making it an attractive choice for traders. The platform charges 0% trading fees for both makers and takers, which is notably lower than the industry average. This fee model allows users to maximize their trading profits without worrying about high transaction costs. Additionally, the platform offers no deposit fees, further reducing the cost of trading. Withdrawal fees are transparent and depend on the specific cryptocurrency being withdrawn, aligning with standard practices in the industry. For users interested in leveraged trading, Flipster’s fees remain competitive. The cost-effectiveness of trading on Flipster, combined with its extensive range of over 200 cryptocurrencies, positions it favorably against many other exchanges. This transparency in fee structure, coupled with the absence of hidden charges, ensures that traders can plan their strategies without unexpected costs, making Flipster a highly economical choice for both novice and experienced traders.

Phemex

Robust Security Measures: Phemex employs comprehensive security protocols, including cold wallet storage, two-factor authentication, and advanced encryption technology to protect user assets and data.
High Trading Volume and Liquidity: With significant daily trading volumes, Phemex offers high liquidity, facilitating quick and efficient execution of trades without significant price slippage.
Transparent Withdrawal and Deposit Policies: Phemex provides clear and concise policies regarding withdrawals and deposits, ensuring users understand the terms of service and any associated fees clearly.
Strong Reputation and Positive Reviews: Since its launch, Phemex has built a strong reputation in the cryptocurrency community, supported by positive user reviews that praise its reliability, customer service, and platform stability.
Effective Customer Service: Phemex offers responsive and helpful customer support, ensuring that users' queries and issues are addressed promptly, which is crucial for maintaining trust and user satisfaction.

Flipster

Year Founded: Established in 2021, Flipster has rapidly grown and demonstrated its commitment to innovation and user experience in the cryptocurrency market.
Customer Service: Flipster provides 24/7 customer support through live chat and email, ensuring users can get assistance whenever they need it, enhancing overall user satisfaction.
Security Methods: Flipster employs advanced security protocols, including two-factor authentication (2FA), cold storage for the majority of user funds, and regular security audits, ensuring a high level of protection for user assets.
Reputation and Reviews: Early user feedback has been largely positive, highlighting the platform’s ease of use, comprehensive trading tools, and responsive customer support.
Volume Managed: The platform handles significant trading volumes, indicating a high level of activity and trust among its user base.

Product selection

Native token

Earns

NFT marketplace

Cripto/debit card

Payment methods

Transfers

Mastercard

Yes

Wire transfer

Card

Yes

Comparative table

Features	Phemex	Flipster
Minimum Trade	Phemex allows trading with relatively low minimums, making it accessible for beginners who wish to start small.	The minimum trade amount on Flipster is user-friendly, allowing beginners to start trading with a small initial investment.
Trading and Transaction Fees	Offers competitive fees with several fee-free options for premium members, though slightly higher for regular users.	Flipster charges moderate fees, which are competitive but not the lowest in the market.
Number of Cryptocurrencies	Supports a wide range of cryptocurrencies, providing ample trading opportunities for users.	Flipster offers a wide range of cryptocurrencies, providing users with ample choices for diversification.
Crypto-to-Crypto Trading Pairs	Extensive selection of trading pairs, allowing users to diversify their trading strategies.	The platform supports several crypto-to-crypto pairs, though the selection is not as extensive as some competitors.
Website Transparency	The website provides essential information, although some users may find details on fees and terms could be clearer.	Flipster maintains a transparent website with clear information on fees, terms, and supported assets.
Credit/Debit Card	Phemex does not provide an exchange card for in-store purchases. It focuses on trading features and derivatives.	Credit and debit card support is available, but with higher fees compared to bank transfers.
Storage Offering	Offers secure cold storage options, enhancing safety for user funds against potential cyber threats.	Flipster provides secure storage options with robust security measures for users' assets.
Staking and Rewards	Provides staking options with competitive rewards, though options are more limited compared to specialized staking platforms.	Staking options are available, offering moderate rewards for users who participate.
Mobile App and Desktop	Both the mobile app and desktop platform are highly user-friendly and robust, suitable for trading on the go.	The platform offers both a mobile app and desktop version, both of which are well-designed and user-friendly.
Customer Service	Generally responsive customer service with multiple channels available, but some reports of delayed responses during peak times.	Customer service is responsive and available through multiple channels, though some users report occasional delays.
Deposit and Withdraw	Offers multiple deposit and withdrawal methods, but some users have experienced delays and higher fees for certain methods.	Deposits and withdrawals are straightforward, but fees can be higher than some other platforms.

Key features

Analysis tools

Advanced charting tools, technical analysis

Unknown

Mobile APP

Security

High 4,9/5

High 4/5

Additional features

Margin trading, futures trading, staking, Phemex Earn

Margin trading, futures trading, staking, Flipster Earn program

Anonymity

Yes

Key points

Available cryptocurrencies

Primarily derivatives, few direct cryptocurrencies

Information not readily available

User-friendliness

Phemex provides a user-friendly platform that is easy to navigate, making it suitable for beginners. The interface is designed to facilitate a smooth trading experience with all necessary features easily accessible.

Flipster offers a user-friendly platform that is easy to navigate, making it suitable for beginners. The interface is designed to facilitate a smooth trading experience with all necessary features easily accessible.

Value for money

Offers good value for money with competitive fees and advanced trading features, suitable for both retail and institutional traders.

Provides decent value for money with competitive fees and a user-friendly interface, though it may not have the lowest fees compared to some competitors.

Countries of operation

Global, including United States, Canada, United Kingdom, Australia, Germany

United States, Canada, United Kingdom, Australia, Singapore

Best for

Suitable for both retail and institutional traders interested in derivatives trading with competitive fees and advanced features.

Best for traders seeking a user-friendly platform with competitive fees and a wide range of supported cryptocurrencies.

Base currencies available

USD, BTC, USDT

Not widely known

Account

Trading

Phemex offers extensive trading options including spot, margin, and futures trading. It provides advanced tools suitable for experienced traders but might be overwhelming for beginners.

Flipster provides a secure platform with a decent range of cryptocurrencies. It has competitive fees but lower liquidity compared to larger exchanges.

Deposit and withdrawal

Phemex supports multiple deposit and withdrawal methods, including bank transfers and crypto. Withdrawals are processed efficiently, with low fees.

Flipster offers standard deposit and withdrawal methods like bank transfers and crypto deposits. Withdrawals are processed efficiently, with low fees.

Account opening process

Phemex offers a seamless and fully digital account opening process. Users need to submit personal information and verify their identity. The process is quick and usually completed within a day.

Flipster offers an easy and quick account opening process. Users need to provide personal information and verify their identity. The process is fully digital and typically takes less than a day to complete.

KYC required?

Yes

Customer Service

Phemex offers extensive customer support through email, live chat, and a help center. Support is available 24/7, and the response times are quick, ensuring users get timely assistance.

Flipster offers customer support via email and live chat. The response time is quick, but the support team is not available 24/7, which may be a drawback for some users.

Security

Phemex provides extensive security measures, including 2FA and cold storage. However, it is not regulated by major financial authorities, which might be a concern for some users.

Flipster employs robust security features, including 2FA and encryption. However, it lacks regulation from major financial authorities, which might be a concern for some investors.

Which of these exchanges is for you?

Alejandro Borja

As one of the experts reviewing cryptocurrency exchanges on our website, I find Phemex to be a highly compelling choice for traders. The platform impresses with its robust security features and a wide array of trading options, catering to both newcomers and seasoned traders. Personally, I appreciate the platform’s user-friendly interface and the fact that it offers high liquidity, which is crucial for executing trades swiftly and efficiently. I would recommend Phemex to anyone looking to dive into the world of cryptocurrency trading, especially those who value security and a diverse range of trading instruments.

Xavier Tarrasó

As an expert at Threenvest, I highly recommend Flipster for its user-friendly interface and comprehensive trading options. Whether you’re new to crypto trading or an experienced trader, Flipster offers a wide range of over 200 cryptocurrencies and leverage up to 50x, making it an ideal platform to explore and maximize trading opportunities. The innovative Flipster Earn Pool is a unique feature that allows you to earn passive income on your idle funds. With robust security measures and 24/7 customer support, Flipster ensures a reliable and secure trading experience.

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How do we review crypto exchanges?

At Threenvest, we conduct a thorough review process to evaluate and rank the world’s leading crypto exchanges. Our goal is to offer an unbiased assessment, providing you with the information you need to make informed decisions on which ones best suit your needs. We strictly adhere to the guidelines of our editorial policy.

We collect data directly from exchanges through detailed questionnaires and conduct first-hand testing and observations during crypto exchange demonstrations. Questionnaire responses, combined with demonstrations and hands-on research from our experts, feed into our proprietary evaluation process that scores each provider’s performance on more than 15 factors. The end result produces star ratings ranging from poor (one star) to excellent (five stars).

For more details on the categories considered when rating brokers and our process, read our full methodology.

Risk Disclaimer

Investing in cryptocurrencies is very risky, you should only invest the money you are willing to lose. Also you should not expect to be protected if something goes wrong.

Neither Threenvest, nor the author, are recommending you to invest with this article.