Name: Phemex
Brand: Phemex
Availability: InStock

Quick info:

Launched in: 2019

Based in: Singapore

Trust Score: 8/10 (Ranked #34)

Coins listed: 400+

Trading volume:

Features overview:

Deposits: Cryptocurrency Bank cardsBank transfers
Beginner trading: Beginner-friendly interfaceSpot tradingDemo tradingMobile appCopytradingQuick convertRecurring buys
Advanced trading: MarginFutures & leverageOptionsTraditional marketsTrading bots
Financial services: Fiat withdrawalsDebit spending cardsCrypto loansP2P tradingStaking & Earn
Other features: Optional KYCSignup bonusesSubaccounts

Restricted countries

Phemex is not available in these 40 countries:

Afghanistan, Angola, Belarus, Belgium, Burundi, Central African Republic, China, Congo - Kinshasa, Côte D’ivoire, Cuba, Eritrea, Ethiopia, Guinea, Guinea-Bissau, Haiti, Iran, Iraq, Lebanon, Liberia, Libya, Mali, Myanmar, Nicaragua, North Korea, Palestinian Territories, Russia, Rwanda, Seychelles, Sierra Leone, Somalia, South Africa, South Sudan, Sudan, Syria, Türkiye, United States, Venezuela, Western Sahara, Yemen, Zimbabwe.

Additional territory restrictions: Crimea, Sevastopol, and Canadian provinces Ontario, Québec, Alberta, and Saskatchewan. Additionally, Phemex permits USD wire transfers from anywhere in the US, therefore it may be available to some United States users.

Phemex does not enforce KYC (know-your-customer) policies on accounts, therefore VPN use in unsupported countries is possible.

Available countries

Phemex is available in 196 countries and territories.

Trading fees

Spot trading fees:

Maker: 0.1%
Taker: 0.1%
Additional 20% fee discount when using PT, Phemex native token

Derivatives trading fees:

Maker: 0.01%
Taker: 0.06%
Additional 10% discount when paying fees with native token

Phemex also offers further fee discounts for high volume traders (VIP), starting at 8 million derivatives or $800,000 spot trading volume over 30 days. Alternatively, VIP1 starts if your assets balances are over $50,000 in 30 days.

Signup bonuses

For added benefits on Phemex use the following code during signup:

EPXXT5

Up to $8,800 welcome rewards with referral link.

Signup bonuses amount: $8,800.

Referral, signup or invitation code must be used during signup/registration process. These codes are also automatically added to exchange signup links on our site.

There are never any downsides to using referral codes. Benefits can include fee discounts, deposit bonuses, cash rewards, access to exclusive events or trading competitions, or other advantages.

The referral codes allow exchanges to properly attribute users and distribute rewards, bonuses or fee discounts based on disclosed affiliate relationships. No personal data is ever shared with us.

Visit Phemex

Pros

Up to $8,800 in welcome rewards and bonuses.
Has low-fee fiat deposits through direct bank transfers and debit and credit cards, and 3rd party fiat deposits with more than 50 payment options.
Has fiat withdrawals through wire transfers.
P2P marketplace where you can buy crypto with PayPal, Advcash, and many other payment methods.
KYC identity verification is optional.

Cons

Only about a dozen assets for staking, and with low yields.
Dark color scheme only available on trading screen.
Low spot volume (exchange mainly focuses on derivatives traders).

About Phemex:

Over the past few years, Phemex emerged as a beacon of innovation and accessibility. Launched in 2019, this Singapore-based platform, spearheaded by former Morgan Stanley executives, has swiftly ascended to the forefront of the industry. With a global user base exceeding 5 million individuals across 200 countries, Phemex has become synonymous with efficiency, reliability, and cutting-edge technology.

Phemex stands as a premier cryptocurrency and derivatives trading platform, renowned for its comprehensive suite of services tailored to meet the diverse needs of traders worldwide. Boasting support for over 350 trading pairs and offering leverage of up to 100x, Phemex provides a dynamic environment for both novice enthusiasts and seasoned professionals to engage in the digital asset markets.

Noteworthy Features:

Derivatives Trading: At its core, Phemex is a crypto derivatives trading exchange, offering a robust framework for users to engage in spot, contract, and margin trading with ease and precision.
User-Friendly Interface: The platform prides itself on its intuitive charting and wallet interface, designed to streamline the trading experience for users of all proficiency levels.
Low Fees and Deep Liquidity: Phemex sets itself apart with competitive fee structures and deep liquidity pools, ensuring optimal trading conditions for its diverse clientele.
No-KYC Policy: Upholding the ethos of decentralization, Phemex operates with a strict no-KYC (Know Your Customer) policy, prioritizing user privacy and security.
Educational Resources: Recognizing the importance of financial literacy, Phemex offers an extensive educational portal replete with guides, charts, and expert advice to empower traders on their journey to success.

A Journey of Innovation:

Phemex embarked on its transformative journey in November 2019 under the stewardship of Phemex Financial Pte. Ltd., marking the dawn of a new era in cryptocurrency trading. Headquartered in Singapore and registered in the British Virgin Islands, Phemex embodies the spirit of global collaboration and technological advancement.

At the helm of Phemex is Jack Tao, a visionary leader with a wealth of experience in both traditional finance and algorithmic trading. As the CEO and founder, Tao’s expertise, honed over a decade in the industry, has been instrumental in shaping Phemex into a formidable force within the crypto space.

As Phemex continues to redefine the boundaries of possibility in the realm of cryptocurrency derivatives trading, its commitment to excellence remains unwavering. With a relentless focus on user experience, innovation, and inclusivity, Phemex stands poised to shape the future of finance for generations to come.

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Phemex