Comparison of Phemex vs Remitano [ 2024 ]

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

Your expert: Alejandro Borja

Phemex

Your expert: Xavier Tarrasó

Remitano

Main points

Fees

0,10%

Earns

Customer service

3/5

P2P: 1%

Fees

Yes

Earns

3/5

Customer service

Recommended for

Beginners

Trading

Yes

Passive income

Buy and hold

Yes

Beginners

Trading

Yes

Passive income

Yes

Buy and hold

Comparison of fees

Rating

4.1 – Low fees with a focus on derivatives trading.

3.8 – Reasonable fees with strong local support in various regions.

Level

0,10%

P2P: 1%

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.

Remitano’s commission structure is designed to be transparent and competitive within the cryptocurrency exchange market. The platform primarily charges a flat fee on transactions, which is relatively lower than many other exchanges. This fee applies to both the buying and selling sides of a trade, making it easy for users to understand and calculate their trading costs upfront. For withdrawals, Remitano also imposes a fee that varies depending on the cryptocurrency being withdrawn. These fees are generally in line with or slightly above the industry average but are considered reasonable given the level of security and user support provided by the platform. This approach ensures that traders can manage their investments efficiently without worrying about hidden costs or overly high fees that could eat into their profits. Overall, Remitano’s fee structure is designed to be fair, encouraging active trading while providing necessary platform support and security.

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.

Remitano

Reputation and Reviews: Remitano has built a strong reputation in the crypto community for being reliable and user-friendly, with numerous positive reviews from users around the globe emphasizing its ease of use and responsive customer support.
Security Methods: The platform employs robust security measures including two-factor authentication (2FA), encrypted servers, and an escrow system for transactions, ensuring that both the funds and data of the users are protected against unauthorized access.
Customer Service: Remitano offers 24/7 customer support, which is crucial for resolving issues promptly and ensuring a smooth trading experience for all users. This is especially important in the fast-paced world of cryptocurrency trading.
Trading Volume and Liquidity: Remitano maintains a healthy trading volume that ensures liquidity, making it easier for users to enter and exit positions. This is a vital factor for traders who need to execute trades quickly at their desired prices.
Transparency: The platform is known for its transparent fee structure, with no hidden charges. This transparency builds trust among its users, as they can trade knowing exactly what fees to expect without any surprises.

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Account Minimum

Get started with just $100.

And 1% fee on all cryptocurrency trades.

Direct link to the website

Product selection

Native token

Earns

Yes

NFT marketplace

Cripto/debit card

Full name

Phemex Financial Pte. Ltd.

Babylon Solutions Limited

Regulation

Not regulated

Year founded

2019

2016

Founder

Jack Tao

Unknown

Payment methods

Transfers

Yes

Mastercard

Yes

Wire transfer

Card

Yes

Comparative table

Phemex	FEATURES	Remitano
Phemex allows trading with relatively low minimums, making it accessible for beginners who wish to start small.	Minimum Trade	Remitano offers a relatively low minimum trade amount, making it accessible for beginners and those looking to trade small amounts.
Offers competitive fees with several fee-free options for premium members, though slightly higher for regular users.	Trading and Transaction Fees	Remitano’s fees are competitive but not the lowest in the market. The fee structure is straightforward and transparent, which is beneficial for user planning.
Supports a wide range of cryptocurrencies, providing ample trading opportunities for users.	Number of Cryptocurrencies	The platform supports a limited number of cryptocurrencies compared to larger exchanges, which may be a drawback for users looking for a wide array of trading options.
Extensive selection of trading pairs, allowing users to diversify their trading strategies.	Crypto-to-Crypto Trading Pairs	Remitano provides a decent range of crypto-to-crypto trading pairs, though it lacks the extensive options found on more established platforms.
The website provides essential information, although some users may find details on fees and terms could be clearer.	Website Transparency	The website is user-friendly and provides clear information about fees, security measures, and trading options, though some details about the company’s operations could be more detailed.
Phemex does not provide an exchange card for in-store purchases. It focuses on trading features and derivatives.	Credit/Debit Card	Remitano lacks a branded exchange card, which limits the versatility and real-world applicability of its platform compared to some competitors that provide integrated card services for easier access to funds and transactions.
Offers secure cold storage options, enhancing safety for user funds against potential cyber threats.	Storage Offering	The platform offers a secure wallet service with good security features, although it may not have the advanced security options of dedicated wallet providers.
Provides staking options with competitive rewards, though options are more limited compared to specialized staking platforms.	Staking and Rewards	Remitano provides some options for earning through staking and rewards, but these are not as extensive or varied as those offered by competitors.
Both the mobile app and desktop platform are highly user-friendly and robust, suitable for trading on the go.	Mobile App and Desktop	Remitano offers a well-designed mobile app and a functional desktop platform, both of which are appreciated for their ease of use and reliability.
Generally responsive customer service with multiple channels available, but some reports of delayed responses during peak times.	Customer Service	The platform excels in customer service, offering quick and helpful responses through multiple channels, including live chat and email.
Offers multiple deposit and withdrawal methods, but some users have experienced delays and higher fees for certain methods.	Deposit and Withdraw	Remitano supports multiple deposit and withdrawal methods, though it lacks some of the flexibility of larger exchanges with more extensive banking integrations.

Key features

Analysis tools

Advanced charting tools, technical analysis

Basic charting tools

Mobile APP

Security

High 4,9/5

High 4,6/5

Additional features

Margin trading, futures trading, staking, Phemex Earn

P2P trading, staking, Remitano Earn, fiat on/off ramps

Anonymity

Yes

Key points

Available cryptocurrencies

Primarily derivatives, few direct cryptocurrencies

10+

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.

Remitano provides a straightforward and easy-to-use platform that is ideal for beginners. The interface is clean and intuitive, making it easy to navigate and execute trades.

Value for money

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

Offers good value for money with competitive fees and strong local support in various regions, making it a good choice for regional users.

Countries of operation

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

Best for

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

Suitable for traders in various regions seeking a platform with competitive fees and strong local support.

Base currencies available

USD, BTC, USDT

Multiple local currencies, BTC

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.

Remitano is a P2P exchange known for its secure and user-friendly platform. It offers easy fiat integration and a good range of cryptocurrencies but lacks advanced trading tools.

Deposit and withdrawal

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

Remitano is a P2P exchange known for its easy fiat and cryptocurrency deposit methods. Withdrawals are processed efficiently, with competitive 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.

Remitano offers a seamless and fully digital account registration process. Users need to submit personal information and verify their identity. The process is quick and usually 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.

Remitano 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.

Remitano ensures security through 2FA, encryption, and cold storage. Despite its strong security measures, the platform is not regulated by top-tier financial authorities, which could 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 a cryptocurrency analyst, I’ve had the opportunity to explore and evaluate numerous platforms, and Remitano certainly stands out for a few noteworthy reasons. First and foremost, its user-friendly interface makes it exceptionally accessible for beginners. The platform’s design intuitively guides you through the process of trading cryptocurrencies, which can be a daunting task for those new to the space. Another aspect worth highlighting is Remitano’s commitment to security. The platform employs an escrow system for transactions, adding an extra layer of security by holding the funds until all parties confirm the transaction is complete. This feature greatly reduces the risk of fraud, making it a reliable choice for traders concerned about the safety of their investments. Overall, if you’re venturing into the world of cryptocurrencies and looking for a secure and straightforward platform, Remitano is definitely worth considering. It provides a solid foundation with essential trading tools, excellent customer support, and a community-driven approach that fosters a safe trading environment.

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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.