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Phoenix Reviews

3.2 Rating 117 Reviews
57 %
of reviewers recommend Phoenix
Read Phoenix Reviews
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support@phoenixapp.io

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305,
Kingstown
Saint George Parish
1510

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Anonymous
Anonymous  // 01/01/2019
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Posted 4 months ago
kindly add 2nd step auth Idk how but they don't have 2nd step auth. holding there more than 10k$ .. kindly add
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Posted 7 months ago
Purchasing Energy and investing in liquidity programs is a smooth process here. The platform is well-designed, and any issues are quickly resolved by the support team.
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Posted 9 months ago
Low risk - drawdown rates are low, around 5-7%.
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Posted 10 months ago
My worst experience with phoenixapp. io They nearly cost me approximately $45,000 USD. I appreciate M A D A C O V I . C O website assistance. I still don't understand why these biggest scumbags on the planet haven't been apprehended yet. I was unfortunate to become a victim, but M A D A C O V I . C O provided me with prompt assistance.
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Posted 11 months ago
The platform allows low minimum investments, which is perfect for newcomers or those with limited funds. The Buffer program offers low risk and steady returns. I’ve had no issues with deposits or withdrawals, and the support team is responsive.
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Posted 11 months ago
As a liquidity provider on Phoenix, impermanent loss concerns me. However, it's often unrealized. Waiting for transaction fees or staking rewards has helped offset losses in numerous occassions, while market volatility may eventually subside.
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Posted 1 year ago
Using Phoenix's web app for PC, I effortlessly allocate my risk and track yield growth over time. Its user-friendly interface simplifies the process.
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Posted 1 year ago
I've found that yield farming offers better transparency and lower risk compared to traditional trading. Unlike trading, where success demands immense discipline and emotional control, yield farming operates differently. I prefer that I don't need to be physically present or constantly monitoring the markets like I do with trading. With yield farming, the rules are clear, and there's less room for manipulation by brokers. It's a more straightforward approach that aligns with my preference for transparency and reduced risk in the crypto space.
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Posted 1 year ago
When I first encountered Phoenix, I'll admit, it was a bit daunting. Nothing quite like it existed on the blockchain, and I had my reservations. However, after three months of giving it a try, I can confidently say that it works. What's especially reassuring is that my funds aren't locked up, giving me flexibility and peace of mind. For newcomers, it's natural to have questions about how it all works, the technology behind it, and the associated risks. I've been there, and I understand the curiosity. But with time and experience, Phoenix's innovative approach becomes clearer, and the benefits become apparent.
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Posted 1 year ago
Similar to Uniswap, Phoenix places a strong emphasis on user autonomy and security. I can stake my assets directly from my wallet, eliminating the need for intermediaries and enhancing my trust in the system. Moreover, Phoenix's robust security features, such as whitelisting and 2FA, ensure that my funds remain protected.
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Posted 1 year ago
I found the Phoenix app easy to install. The straightforward installation process made getting started with yield farming a quick. It's great when a platform prioritizes user-friendly interfaces, and Phoenix certainly excels in this aspect. The simplicity of the app installation added to the overall positive experience, making it accessible for users at various levels of familiarity with decentralized finance.
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Posted 1 year ago
I can withdraw both capital and fees within hours, eliminating counter-party risks. The yields, ranging from 7% to 50%, depending on the risk variant, are good if you ask me, especially considering the risks are limited to Ethereum and Bitcoin prices.
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Posted 1 year ago
Joining the crypto scene later, I often found myself entering at high points for BTC and Ether. However, with yield mining, I consistently earn at least 5% per annum, surpassing the overall performance of my entire crypto portfolio. It's proven to be a reliable and sustainable approach, providing a welcome contrast to the volatility of market entry points. Phoenix has become my go-to for a more consistent and positive crypto growth experience.
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Posted 1 year ago
It's easy to set limits on Phoenix, especially for yield mining. Since yield farming can be risky, I make sure to set clear limits on how much I invest in a specific digital currency. I only use money that I can afford to lose because crypto farming is known for being risky, and more people end up losing money than not. To be smart about it, I don't put all my money into just one type of cryptocurrency. I create a mix of different projects, each with its own level of risk. It's like not putting all your eggs in one basket. And when it comes to each specific cryptocurrency, I make sure to risk only 1-2% of my total money. This way, I can handle the ups and downs of the crypto market while reducing the chance of big losses.
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Posted 1 year ago
Since I'm cautious about risks, I wanted a way to protect my investments. Phoenix has simple and effective methods for shorting, which helps me hedge against possible losses. While it's not a perfect solution, it's a preferred option for people like me who don't want to take any chances with losing money if the prices of Bitcoin and Ethereum drop. It's all about finding a way to be safe while dealing with the ups and downs.
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Posted 1 year ago
Phoenix is rated 3.2 based on 117 reviews