Phemex, which is frequently shown among the top 10 exchanges in terms of trading volume and has more than 2 million users, has added a new customer-oriented service and established Phemex TR to offer a better trading experience in Turkey. 

Let's take a brief look at Phemex TR:

  • Simple interface, advanced technology
  • The safest wallet ever
  • 4S technology that will increase your assets many times over
  • Up to 10 times faster, zero freezing

with important features such as

Blended with security, speed and simplicity, Phemex TR launched the platform it prepared to provide users with a better trading experience with the opportunity to trade in Turkish Lira, with an online launch event on the evening of October 12.

In the broadcast, which was watched approximately 100 thousand times and the prominent features of the platform were mentioned, a lucky draw was held in which 3 iPhone Pros were distributed to 3 lucky participants and 2 ETH was distributed to 5 lucky participants.

Let's take a detailed look at the prominent features of the platform's trading experience.


Phemex TR: Convenience Meets Advanced Technology

Interface design is not an easy process. A successful interface should be simple and easy to use and functional at the same time. This becomes even more important when it comes to a platform where cryptocurrencies are traded. Where there is money, no one wants clutter.

Phemex TR, which was created with the participation of the technology team from the world's respected companies such as, TikTok and Morgan Stanley, provides simplicity and advanced technology together. It doesn't matter where you are or how much time you have at Phemex TR. In fact, thanks to Phemex TR's simple but advanced technology-based platform, you can easily do whatever you want at a lunch, breakfast, office, party or in your spare time.

Ease of use starts from the first step you take to Phemex TR. Taking 20 seconds is enough to become a member of Phemex TR. There is no longer any need for long periods of time and effort to complete the registration process and deposit money.

Behind Phemex TR's advanced platform are 4 key elements: security, robustness, simplicity and speed. Relying on a system with up to 10 times redundancy to ensure continuous availability, Phemex TR can handle 10 times the average throughput. 

The number of investors in the crypto money market is increasing day by day, the transaction volumes are growing. However, when the market moves hard in both directions, the common crash problems of platforms cause investors to have a bad experience. Guaranteeing continuity, Phemex TR also has its own recovery system that can provide an uptime rate of 99.99%.

On the other hand, the platform keeps your assets completely safe with its cutting-edge private key technology. All assets deposited in Phemex TR are moved to cold wallets that require multiple signatures. Therefore, since wallet keys are not stored online, worries about attacks are eliminated.

This is just a small summary. What will be discovered in Phemex TR is not limited to these! For more, come to Phemex TR and experience all aspects of a professional and reliable cryptocurrency exchange.

Phemex TR: Accelerate Your Asset Management with 4S

Cryptocurrency exchange Phemex TR prioritizes ease of use and advanced technological infrastructure, while keeping security at a high level. 4S (secure, solid, simple, speed) approach constitutes the main skeleton of the platform, which was established by former employees of banking giant Morgan Stanley: Security, robustness, simplicity and speed.

As the cryptocurrency market progresses day by day, it also requires better security measures and this is undoubtedly the first step. At this point, daily transaction volumes exceed hundreds of billions of dollars. So this area is too big for cybercriminals to ignore. This year alone, there have been dozens of hacking events that resulted in a total of $3 billion in losses before the year was over. 

Phemex TR, which is one of the few exchanges that has not been hacked to date, ensures the security of user information and assets in three stages: System security , financial security and account security .


System Security

At Phemex TR, all security-related processes are followed by a professional team. While configuring all entries to the system, regular scans are performed to prevent possible information leaks and vulnerabilities. Using Amazon Web Services (AWS) Cloud to deploy its system, the platform uses various firewalls to separate different regions and machines for different trading purposes. Beyond the management of network firewalls, Phemex TR also imposes system-level restrictions.


Account Security and Financial Security

Phemex TR has a cold wallet system that provides each user with an independent investment address. All funds transferred to the platform are collected in the company's multi-signature cold wallets via offline signature. 

Also, Phemex TR similarly uses a bank-level double-entry accounting system to ensure account security. When a user makes a financing transaction, two or more accounts are matched. This prevents the records from being tampered with. When an inconsistency is detected, it means the account has been compromised and the system immediately freezes the corresponding account.

Based on a system with up to 10 times redundancy as well as security layers, Phemex TR can handle 10 times the average transaction volume. In most cases, users cannot even tell if there is an update or maintenance on the system in the exchange, which has its own recovery system that can provide an uptime rate of 99.99%. Such a seamless and fast recovery system is a critical requirement for exchanges operating 24x7.

Ease of use is another key element that defines Phemex TR. 20 seconds of your time is enough to become a member of Phemex. Authentication processes can be completed in just five minutes. With Phemex TR, there is no need for long periods of time and worrying.

For Phemex TR, speed is as important as security, ease of use and durability. Phemex TR's engineers have minimized dependency on third-party libraries to keep the kernel simple and fast. The platform promises at least 10 times more speed than its competitors.

The Safest Wallet Ever 

Experience with Phemex TR

A cryptocurrency wallet is essentially similar to the wallets we use for cash. You don't always have your cash in your hand and you usually keep it in your wallet. Likewise, you often store cryptocurrencies in a wallet. The fundamental difference is that one is a technological product and the other is a physical product that has been customary for thousands of years.

Keeping your cryptocurrencies safe, these wallets also make it easy to send and receive. Cryptocurrency wallets exist with keys. These keys are necessary for you to be able to use your wallet, to control it. There are two types of keys: private and public keys. Critical here are private keys and if someone gains access to them, you could lose all your crypto assets. Securing private keys increases liability. For those who do not want to take on this responsibility, holding assets on exchanges may also be an option. At this point, the reliability of the wallet infrastructure of the exchange where you will entrust your cryptocurrencies comes to the fore.


Cold Wallet System Providing Independent Address for Each User

Founded by former employees of banking giant Morgan Stanley, Phemex TR exchange implements a cold wallet system that provides each user with an independent investment address. All transferred assets are collected in the company's multi-signature cold wallets via offline signature. Multi-signature wallet systems usually require three keys to confirm transactions. Each key is available to different people. All three keys are needed to unlock the wallet. Phemex TR keeps your wallet safe with its state-of-the-art private key system. In Phemex TR, your private keys are sent to three different channels and administrators cannot see them. These keys are called through secret channels every time you access your wallet and used to unlock it.


Advanced Risk Control

On the other hand, the platform processes withdrawal requests frequently on a daily basis, and each request is rigorously scrutinized by both operators and founders. Based on the advanced risk control system it acquired from Wall Street, Phemex TR has systems that can detect all suspicious transactions to protect users and the platform's assets. Approved withdrawal requests are processed with offline signature, so all assets are stored in the cold wallet system. 

Trading Cryptocurrency With RFQ 

The Easiest Way is at Phemex TR

Phemex TR offers the easiest way to buy and sell cryptocurrencies anywhere with RFQ (Request for Quote).

RFQ is a common application in daily life and business life. This concept, which we can get its Turkish equivalent as "Request for Proposal", can simply be thought of as price comparison shopping or pricing according to demand.

For example, an RFQ application is when a user requests a price quote for the cryptocurrency he/she intends to buy or sell and executes the transaction with the best offer. Recently, blockchain technology has been used intensively to automate the RFQ process and reach more users.

Offered with Phemex TR, this tool also allows traders to get a quote at a fixed and agreed price before buying, allowing them to execute large orders without major price changes. Transactions can only be carried out by the requesting member or participant.

In Phemex TR, in the first place, buy-sell transactions will be made via RFQ. The platform promises to keep prices up to date based on market rates.

Phemex TR has a lot to discover! For more, come to Phemex TR and experience all aspects of a professional and reliable cryptocurrency exchange.

Coin Shark is not responsible for any content, accuracy, quality, advertising, product or other content posted on the site. The review is for informational purposes only, reflects the author's opinion only and is not a recommendation for action. The financial market is dangerous and full of risks, investments in cryptocurrencies can lead to losses. Users should do their own research before taking any action.

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