The platform does utilize a range of security features in an attempt to keep your money safe, which I've listed below.
If you live in Hawaii (or New York) you can not purchase anything using credit or debit cards Which is a bummer as this exchange is very elegant, simplistic and offers hundreds of alt coins we cant get anywhere else. I REALLY like this exchange, but we cant buy direct.
However, we can transfer crypto into the exchange to trade. Just create an account using your email. Then deposit crypto you bought using a different platform to trade with. It is highly recommended you get in and get out. Though I believe it safe enough to do any sort of business on, a general rule in the crypto world is "don't leave your crypto on any exchanges" much less an exchange not backed with regulation or insurance.
Note: please follow the link for Phemex trading tutorial. Carl's Phemex exchange tutorial on YouTube
Disclaimer: We hold no liability for any persons making any purchases, trades, swaps, withdrawals, deposits or otherwise on any cryptocurrency exchange or decentralized exchange (DEX). This content comes from personal experience and is not meant for as investment advice. Please always do your own research, invest with caution and be warry of any scams or anyone asking you to send them your crypto or private keys.
Conclusion: There are so many exchanges we can jump on that do NOT require us to prove we don't live in Hawaii, or the US in general or some other "regulated" area. Some with simple KYC, a lot with none. The key here is to turn your VPN on. The trick is that you have to trade/swap for what you want. There is no buying, technically. At least not with your credit card. This would reveal that you live in an area that has regulation and so these exchanges have just denied the purchased of crypto all together from folks in these regulated areas. However, they allow trading to be done by folks who choose to remain anonymous. These exchanges are just one way for people more inclined to use a familiar trading platform when obtaining those hard to buy gems. Otherwise, we can learn how to use a DEX, in which case you can buy any cryptocurrency in existence.