No Regulation

Score

0123456789.01234567890123456789
/10

FAMEEX

Singapore

|

2-5 years

Suspicious Regulatory License|

Medium potential risk

https://www.fameex.com/

Website

Rating Index
Contact
FAMEEX
Service@mail.fameex.info
https://www.fameex.com/
Influence
E

Licenses

No effective regulatory information has been founded yet, please pay attention to the risks!

WikiBit Risk Alerts

1
Previous Detection 2024-04-23

It has been verified that this Exchange currently has no valid regulation, please be aware of the risk!

Website

Genealogy

Social Media

Trade Type

Keywords

Time Machine

White Paper

Related Software

Github

Related Docs

All Corps

New Arrival

Company Name
FAMEEX
Regulatory Status
No Regulation
Company Abbreviation
FAMEEX
Platform registered country and region
Singapore
Phone of the company
--

User Reviews

More

4 ratings

Participate in evaluation
jazziejai
fees and minimum withdrawal are too high.
2023-09-24 15:21
6
Jim5783
The user interface of FAMEEX is too complicated and convoluted, which is very inconvenient for someone like me who is not good at technology. It's just like a white elephant! The trading fees are also extremely high, as users, we do not receive the service we deserve.
2024-02-19 16:52
8
FX1780381323
Fee rates that are fair and supportive at FAMEEX! I am fascinated by the certainty in the ever-changing world of cryptocurrencies within this app!
2024-03-30 00:22
8
FX1064712686
The trading experience at FAMEEX is excellent! The fees are quite low and the liquidity of funds is great. What really attracts me is its innovative technology and user-friendly interface. Five-star rating!
2024-03-15 16:28
1
Aspect Information
Founded 2-5 years
Regulatory Authority No license
Cryptocurrencies Available Bitcoin, Ethereum, Cardano, Polkadot, Litecoin, and various altcoins
Fees 0.00%-0.10%
Payment Methods Credit/debit cards and Apple pay
Customer Support 24/7 multilingual support-live chat, email, social media

Overview of FAMEEX

FAMEEX stands as a virtual currency exchange, providing a diverse array of cryptocurrencies for trading, featuring prominent options like Bitcoin, Ethereum, Cardano, Polkadot, Litecoin, and an array of altcoins. The platform employs a fee structure ranging from 0.00% to 0.10%. Accessible through both web-based platforms and their dedicated mobile application, users have the flexibility to engage with FAMEEX's trading platforms using their preferred method of interaction. However, it has been verified that this exchange currently has no valid regulation.

Overview of FAMEEX

Pros and Cons

Pros Cons
Diverse selection of cryptocurrencies No regulatory license
User-friendly trading experience
Low fees

FAMEEX offers several benefits for users. Firstly, the exchange provides a diverse selection of cryptocurrencies, including popular options such as Bitcoin, Ethereum, Cardano, Polkadot, Litecoin, and various altcoins. This allows users to easily access and trade a wide range of digital assets. Secondly, FAMEEX offers a user-friendly trading experience with both a web-based platform and a mobile application. This allows users to conveniently access and manage their accounts from any device. Thirdly, FAMEEX offers low fees between 0.00% and 0.10%.

However, it currently has no valid regulations. It is important for users to consider these factors and evaluate their own needs and preferences when choosing a virtual currency exchange.

Regulatory Authority

It has been verified that FAMEEX currently has no valid regulation, please be aware of the risk!

no license

Unregulated exchanges may pose certain disadvantages. One major disadvantage is the lack of oversight and accountability. Without regulatory supervision, there is an increased risk of scams, fraud, and market manipulation.

Additionally, unregulated exchanges may not have strong security measures in place, leaving users vulnerable to hacking and theft of their digital assets.

Furthermore, without proper regulation, users may face challenges in resolving disputes, as there may not be clear avenues for complaint or recourse.

To mitigate these risks, it is recommended that traders choose regulated exchanges like FAMEEX. Regulated exchanges provide a higher level of security and transparency, giving users peace of mind that their funds are protected. Traders should also conduct their due diligence on any exchange they consider using, including researching the exchange's regulatory status, security measures, and reputation within the industry.

It is also advisable to diversify investments and not keep all digital assets in one exchange, in case of any unforeseen circumstances. By following these precautions and using regulated exchanges, traders can help protect themselves from potential pitfalls associated with unregulated exchanges.

Is FAMEEX Safe?

FAMEEX prioritizes the security of its users' funds and personal information. The exchange implements various protection measures to safeguard against potential threats. These measures can include, but are not limited to, encryption of sensitive data, two-factor authentication (2FA) for account login, and cold storage for storing digital assets offline, reducing the risk of hacking.

It is recommended for users to prioritize their own security by following best practices such as using strong, unique passwords, enabling 2FA, and regularly updating their devices and software. Additionally, users should be cautious of phishing attempts and avoid sharing sensitive information or credentials with anyone.

By taking these precautions and staying informed, users can enhance their security while using FAMEEX or any other virtual currency exchange.

Cryptocurrencies Available

FAMEEX presents a diverse selection of cryptocurrencies available for trading, encompassing prominent options like Bitcoin and Ethereum, as well as notable alternatives such as Cardano, Polkadot, and Litecoin, among others. The platform not only caters to mainstream cryptocurrencies but also provides access to various altcoins, expanding users' trading possibilities.

Cryptocurrencies Available

Furthermore, FAMEEX offers a comprehensive trading experience with options including spot trading, margin trading, and derivatives trading. This multifaceted approach accommodates different trading preferences and strategies, providing users with a well-rounded platform to engage with the dynamic cryptocurrency market.

How to Open an Account?

The registration process of FAMEEX can be broken down into the following steps:

1. Visit the FAMEEX website and click on the “Register” button.

click on the Register“ button

2. Fill out the registration form with your personal information, including your email/phone account and password.

Fill in your personal information

3. Agree to the terms and conditions of FAMEEX and confirm that you are of legal age to use the platform.

4. Complete the verification process by providing the necessary documentation to verify your identity. This may include a government-issued ID and proof of address.

5. Once your documents have been submitted and verified, you will receive a confirmation email or message.

6. Sign in to your FAMEEX account using your registered email address and password to start trading.

Fees

FAMEEX's fee schedule is transparent and straightforward. The transaction fees are capped at 0.10%, and they vary depending on whether you are a maker or a taker. Makers pay a fee ranging from 0.00% to 0.10% of their transactions, while takers pay a slightly higher percentage, ranging from 0.01% to 0.10%. These fees can be reduced according to your tier and the 30-day trading volume you transact.

Level 30-day trade volume (USDT) Maker Taker
VIP 0 <1M 0.10% 0.10%
VIP 1 ≥1M 0.09% 0.09%
VIP 2 ≥5M 0.08% 0.08%
VIP 3 ≥10M 0.07% 0.07%
VIP 4 ≥50M 0.06% 0.06%
VIP 5 ≥80M 0.04% 0.05%
VIP 6 ≥100M 0.02% 0.04%
VIP 7 ≥200M 0.00% 0.03%
VIP 8 ≥500M 0.005% 0.02%
VIP 9 ≥1000M 0.01% 0.01%

Payment Methods

FAMEEX strives to provide convenient payment avenues for its users, including the flexibility of credit/debit card transactions and the ease of Apple Pay integration. These options cater to a diverse range of users and enhance accessibility to the platform.

Payment Methods

However, comprehensive information regarding deposit/withdrawal fees and processing durations for these payment methods is currently unavailable.

Compare to Other Cryptocurrency Exchanges

Exchange FAMEEX Huobi BitGo
Fees 0.00%-0.10% 0.2% 0.25%
Cryptos Available Bitcoin, Ethereum, Cardano, Polkadot, Litecoin, and various altcoins 700+ 600+
Website https://www.fameex.com/ https://www.huobi.com/ https://www.bitgo.com/
  • FAMEEX: Offering a broad range of cryptocurrencies and flexible trading options.

  • Huobi: With its established reputation and comprehensive suite of services, Huobi serves as a reliable choice for users seeking a diverse and secure cryptocurrency trading experience.

  • BitGo: Leveraging its expertise in digital asset custody and robust security features, BitGo is a trusted solution for individuals and institutions looking to manage their cryptocurrencies effectively.

User Review

User 1: I've been using FAMEEX for a while now and I have to say, their security measures are top-notch. I feel confident knowing that my funds and personal information are well-protected. The interface is also user-friendly, making it easy for me to navigate and execute trades. The range of cryptocurrencies available for trading is impressive too. However, I wish the customer support was more responsive. Sometimes it takes a while to get a reply to my inquiries. Overall, I'm satisfied with FAMEEX's services.

User 2: FAMEEX is a reliable exchange that I trust with my cryptocurrency trades. I appreciate their regulatory compliance, as it gives me peace of mind knowing that they adhere to anti-money laundering and know-your-customer regulations. The liquidity on the platform is great, allowing me to execute trades quickly and efficiently. The trading fees are reasonable as well. However, the deposit and withdrawal speed could be improved. It sometimes takes longer than I'd like to see my funds credited or withdrawn from the platform. Other than that, I have no major complaints.

FAQs

Q: What cryptocurrencies can I trade on FAMEEX?

A: FAMEEX offers a range of cryptocurrencies for trading, including Bitcoin, Ethereum, Cardano, Polkadot, Litecoin, and various altcoins.

Q: What are the trading fees on FAMEEX?

A: FAMEEX charges 0.00%-0.10%.

Q: What payment methods are accepted on FAMEEX?

A: Credit/debit cards and Apple pay.

Q: Is FAMEEX regulated by any financial authorities?

A: No.

Q: Can I access FAMEEX on mobile devices?

A: Yes.

Risk Warning

Cryptocurrency exchange investments come with inherent security risks. It is important to be aware of these risks before engaging in such investments. Cryptocurrency exchanges are susceptible to hacking, fraud, and technical glitches, which can result in the loss of funds. It is recommended to choose reputable and regulated exchanges, stay updated on security measures, and be vigilant in detecting and reporting any suspicious activities. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.