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Gabriel Radoi

Netherlands

1 Reviews
2 Reads
1 Useful

1 review

Phemex

One of the worst experiences I have…

One of the worst experiences I have ever had with a crypto exchange. I deposited real money, opened trades, and watched funds disappear with little to no transparency. My position was apparently liquidated, yet I received no warning, no meaningful notification, and no clear explanation of what happened. What made the situation even worse was that when I tried to withdraw my remaining funds, I ran into additional restrictions and was unable to access my money as expected. At that point, my confidence in the platform was completely gone. An exchange handling customer funds should provide clear communication, transparent liquidation records, and a straightforward withdrawal process. In my experience, none of those expectations were met. The platform promises opportunity and convenience, but my experience was confusion, losses, and frustration from start to finish. Trust is everything in finance. Once trust is broken, it is almost impossible to rebuild. I closed my account, moved to another exchange, and will never return. My personal experience: deposit was easy, losing money was easy, but withdrawing money became a problem. I cannot recommend this platform to anyone.

2026-06-06Helpful 1