As a beginner in the world of cryptocurrency, understanding the various platforms available for trading can be daunting. In this review, we will take a comprehensive look at FameEX, a cryptocurrency exchange that has been gaining attention for its user-friendly interface, security features, trading options, customer support, fees, and company history. This article aims to provide a detailed overview of FameEX, helping beginners make an informed decision about whether this platform suits their trading needs.
Company History
FameEX was founded in 2018 and launched its services in 2020. It has quickly established itself as a significant player in the cryptocurrency exchange market, particularly in Southeast Asia, Australia, and Canada. FameEX boasts over 700,000 active users and a cumulative trading volume exceeding $300 billion, representing 30% of the digital asset trading share in the Southeast Asian market.
User Interface and Trading Experience
For beginners, the ease of use of an exchange’s interface is crucial. FameEX offers a platform that is both simple and fast, aiming to provide a transparent digital asset trading service. The exchange supports spot, fiat, and futures trading, with a variety of order and trading methods available, including two-way positions, TP/SL, trailing orders, grid strategies, and DCA strategies.
Supported Cryptocurrencies
FameEX currently supports 140+ different cryptocurrencies and tokens.
FameEX Fees
FameEX employs a fee structure that varies based on your membership level, which is categorized from VIP 0 to VIP 9. In spot trading, the fees range from -0.01% to 0.1%. For futures trading, makers can anticipate fees between -0.01% and 0.02%, while takers can expect fees from 0.01% to 0.04%. The trading fees on FameEX are determined by the total trading volume over the past 30 days, making it a platform known for its low fees.
Fee Rate – Margin Trading
| Pairs | Interest rate/h |
|---|---|
| BTC/USDT | 0.0021% |
| ETH/USDT | 0.0021% |
Trade Fees FameEX:
| Level | 30D trade Volume(USDT) | Maker | Taker |
|---|---|---|---|
| VIP .0 | < 1000000 | 0.1000% | 0.1000% |
| VIP .1 | ≥ 1000000 | 0.0900% | 0.0900% |
| VIP .2 | ≥ 5000000 | 0.0800% | 0.0800% |
| VIP .3 | ≥ 10000000 | 0.0700% | 0.0700% |
| VIP .4 | ≥ 50000000 | 0.0600% | 0.0600% |
| VIP .5 | ≥ 80000000 | 0.0400% | 0.0500% |
| VIP .6 | ≥ 100000000 | 0.0200% | 0.0400% |
| VIP .7 | ≥ 200000000 | 0.0000% | 0.0300% |
| VIP .8 | ≥ 500000000 | -0.0050% | 0.0200% |
| VIP .9 | ≥ 1000000000 | -0.0100% | 0.0100% |
USD-M Perpetual
| Level | 30D trade Volume(USDT) | Maker | Taker |
|---|---|---|---|
| VIP .0 | < 1000000 | 0.0200% | 0.0400% |
| VIP .1 | ≥ 1000000 | 0.0180% | 0.0400% |
| VIP .2 | ≥ 5000000 | 0.0160% | 0.0350% |
| VIP .3 | ≥ 10000000 | 0.0140% | 0.0320% |
| VIP .4 | ≥ 50000000 | 0.0120% | 0.0300% |
| VIP .5 | ≥ 80000000 | 0.0100% | 0.0270% |
| VIP .6 | ≥ 100000000 | 0.0050% | 0.0250% |
| VIP .7 | ≥ 200000000 | 0.0000% | 0.0220% |
| VIP .8 | ≥ 500000000 | -0.0050% | 0.0200% |
| VIP .9 | ≥ 1000000000 | -0.0100% | 0.0100% |
FameEX Options Fee
| Level | 30D trade Volume(USDT) | Fee Rate |
|---|---|---|
| VIP .0 | < 1000000 | 5.0000% |
| VIP .1 | ≥ 1000000 | 4.5000% |
| VIP .2 | ≥ 5000000 | 4.0000% |
| VIP .3 | ≥ 10000000 | 3.5000% |
| VIP .4 | ≥ 50000000 | 3.0000% |
| VIP .5 | ≥ 80000000 | 2.5000% |
| VIP .6 | ≥ 100000000 | 2.0000% |
| VIP .7 | ≥ 200000000 | 1.5000% |
| VIP .8 | ≥ 500000000 | 1.0000% |
| VIP .9 | ≥ 1000000000 | 0.5000% |
FameEX Deposit & Withdrawal Fees
FameEX does not impose any fees for depositing various currencies into your account.
When it comes to withdrawals, FameEX does charge a fee for each transaction. The fee amount is subject to change based on the current conditions of the blockchain network. Therefore, it is essential to check the current fee before making a withdrawal to avoid any unexpected charges. Despite the fee, the platform’s transparency and flexibility in adjusting the fee according to blockchain conditions make it a reliable choice for traders.
FameEX Instant Buy
FameEX offers a “Buy Crypto” feature that allows users to purchase cryptocurrencies in a secure, easy, and fast manner using credit or debit cards.
The process is straightforward: users register on FameEX and pass KYC, fill in the order information according to the requirements of the third party, and upon completion of the payment, the encrypted assets are received. FameEX supports a variety of cryptocurrencies for purchase, including Bitcoin, Ethereum, Cardano, Polkadot, Litecoin, and other tradable altcoins.
Supported FIAT currencies: USD, ARS, AUD, BGN, BRL, CAD, CHF, CLP, COP, CZK, DKK, EUR, GBP, HKD, HRK, HUF, IDR, INR, ISK, JPY, KES, MYR, NOK, NZD, PEN, PHP, PLN, RON, RUB, SEK, TRY, TWD, VND, ZAR
Global Compliance and KYC Verification
Although KYC is not mandatory the Unverified/Basic account has a daily withdrawal limit of 2000USDT.
FameEX Proof of Reserves (PoR)
FameEX takes the security of its users’ assets very seriously. It employs a blend of sophisticated security protocols to ensure the protection of user funds down to the smallest digital unit on the platform.
This includes a multi-tiered encryption system, strategically managed private key servers across multiple countries, and fund-locking authorized at the node level. Additionally, FameEX operates round-the-clock system security, providing full-scale protection for its users’ funds.
Furthermore, FameEX has established an insurance fund to further safeguard its users’ assets. This fund acts as a safety net, providing additional coverage and protection for users’ assets in the event of unforeseen circumstances. For more detailed information about FameEX’s proof of assets and insurance fund, click here.
Customer Support
FameEX provides 24/7 customer support with a team of veteran engineers and customer service staff ready to tackle technical and financial inquiries. The support team operates in multiple languages and on a four-shift rotation to ensure immediate and efficient responses to user inquiries.
Conclusion
In conclusion, FameEX is an excellent choice for beginners who want to start trading digital assets. Its commitment to regulatory compliance, ultimate protection for fund security, premium ample liquidity of funds, and user-friendly features make it a reliable and trustworthy platform. With its AI recommendation tool, top-notch liquidity, and comprehensive research section, FameEX provides traders with the tools they need to make informed trading decisions. I highly recommend FameEX to anyone looking to enter the world of crypto trading.
