00:00phemex or bing x which crypto exchange is best for beginners and uh let's take a look at all of
00:08this
00:08most crypto exchanges aren't built for beginners right they're built for traders who understand
00:14order books leverage funding rates stop losses kyc tears withdrawal and all of that that is why
00:22this comparison is very useful uh we're looking at phemex and bing x here both platforms are
00:29pretty beginner friendly but for completely different reasons right so phemex is uh better
00:37for beginners who want to learn active trading it has a cleaner professional interface low futures maker
00:45fees broad access and proof of reserves transparency it feels more like a serious trading venue than a
00:53social app right bing x is better for beginners who want to learn by watching its copy trading system
01:01a full demo account social trading interface also make it easier for new users to practice before
01:09risking real money so beginners i can observe trader behavior i test the futures mechanics and learn
01:17without immediately uh jumping into a live market i think the simplest distinction is uh bing x is uh
01:27better for learning uh phemex is better for active execution but beginner friendly does not mean a risk
01:35free right copy trading uh can lose money our futures can liquidate accounts are very quickly and no kycts do
01:44not remove those legal or tax obligations exchange accounts should not be uh kind of treated as a long
01:51term cold storage right so the smartest beginner path is not to chase a fast profit it is to practice
01:59first
01:59trade small avoid leverage until you understand it and build confidence slowly you can use bing x to
02:07learn and test your strategies you can use phemex to trade actively once uh the basics make sense so the
02:14beginner uh is not one who gets uh you know kind of a lucky fast right it is one who
02:19survives that
02:20learning curve and in these crypto markets that's what you need to always keep top of mind these
02:26platforms uh both uh phemex and uh bing x are pretty uh you know kind of well established in the
02:34space and
02:35they all have uh good features and uh offers so make sure you check out the links in the description
02:40use affiliate links so you can get the best discount rebates fees uh you know bonuses as well and uh
02:47so
02:48much more in terms of just uh your perks so you can save uh on uh uh you know kind
02:53of find your total
02:54trading fees and all of that good stuff right so use the links in the description and also you can
02:59find
03:00full length reviews to each and every one of these platforms on our main site decentralized news what i've
03:05done is i've actually left the guide which does this full comparison because we do look at a lot more
03:12factors uh you know like um you know just to kind of really give an all-round um you know
03:19thesis on why
03:21we think one is good for a particular reason they both have been established for quite some time now
03:282019 for phemex being x 2018 and uh you know they all have over 10 million users and over 600
03:35cryptocurrencies on a phemex bing x over 300 plus and uh good spot maker fees uh spot taker fees pretty
03:46much at par there and uh also our future is very competitive and they all have no kyc tears and
03:53uh good
03:53copy trading setups uh good for ust uh usdt perpetual futures as well and good uh really uh reviews on
04:02trust uh pilot scores for example and i think you know both of these uh score very highly and uh
04:09check
04:10out the links in the description and the codes uh so you can get uh those perks and uh happy
04:16trading
04:17like share subscribe i'll see you guys in the next videos peace
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