Launched in 2019, Phemex is a Singapore-based cryptocurrency and derivatives trading platform led by former Morgan Stanley executives. Serving around 5 million active users in over 200 countries, Phemex supports 150+ trading pairs with up to 100x leverage.
- Fee Structure: 0.1% for both maker and taker
- Contract Fee Structure: 0.01% for maker and 0.06% for taker
- Up to $100 Welcome Bonus for new users
- Earn up to 8.5% APY interest income on crypto assets
- Free academy with 450+ carefully curated articles about crypto & trading
- Security: Hierarchical Deterministic Cold Wallet System with 2-level human scrutiny offline signatures.
What is Phemex?
In the dynamic realm of cryptocurrencies, Phemex stands tall as one of the top 20 players, capturing the attention of traders since its establishment in November 2019. Hailing from Singapore, Phemex has carved a niche for itself by offering a range of services that extend beyond traditional crypto exchanges.
Phemex Staking Services
One notable feature of Phemex is its foray into staking services, which are divided into two categories: Promotions and Savings. The Promotions offering, though enticing, is available for a limited time and quickly gets snatched up by eager investors. On the other hand, the Savings option, characterized by flexible rates, provides a longer-term commitment for those looking to explore staking opportunities.
Bonuses and Pluses
Phemex sweetens the deal for its users by introducing various programs and bonuses, allowing them to earn cryptocurrencies outside the confines of traditional investments. An intriguing aspect is the affiliate program, where users can share their referral link. Phemex sets itself apart by providing a perpetual 30% commission on all trading fees generated by referred users, a stark contrast to platforms that often limit such benefits to the initial 12 months.
Phemex Trading View
Every crypto exchange boasts a trading view, and Phemex is no exception. The trading view on Phemex's platform provides users with a comprehensive display of price charts for different cryptocurrencies, along with current prices and buy-and-sell boxes. Users can seamlessly place orders and delve into the order history, creating an efficient and user-friendly trading experience. The platform's adaptability ensures a smooth transition between desktop and various devices.
Phemex Fees
Understanding the financial implications is crucial for any trader, and Phemex maintains a transparent fee structure. For users with a 30-day trading volume below USD 1 million, the fees are as follows:
Spot trading taker fees: 0.10%
Spot trading maker fees: 0.10%
Contract trading maker fees: 0.06%
Contract trading taker fees: 0.01%
Withdrawal fee for BTC: 0.0004 BTC
Phemex's commitment to providing competitive and transparent fee structures underscores its dedication to fostering a positive trading environment for users.
In conclusion, Phemex emerges as a significant player in the cryptocurrency space, offering a blend of innovative staking services, enticing bonuses, and a user-friendly trading view. As the crypto landscape continues to evolve, Phemex stands as a beacon for traders seeking a reliable and feature-rich platform.
What are the trading fees on Phemex?
Understanding the financial implications is crucial for any trader, and Phemex maintains a transparent fee structure. For users with a 30-day trading volume below USD 1 million, the fees are as follows:
Spot trading taker fees: 0.10%
Spot trading maker fees: 0.10%
Contract trading maker fees: 0.06%
Contract trading taker fees: 0.01%
Withdrawal fee for BTC: 0.0004 BTC
Does Phemex offer leverage trading?
Phemex provides margin trading with leverage up to 5X on USDT, USDC, BTC, TRY pairs after the last update January 2024.
Is Phemex safe?
While many major CEXes boast stronger firewalls than most governments, history has witnessed numerous instances where exchanges have fallen victim to hacks, resulting in the loss of customer funds. DEXes are generally safer option as you have control over your funds at all times as long as blockchain is up and running. Its all based off contract code so you can clearly look whats behind the scenes, and how their contracts work.
Does have customer support?
Almost all exchanges provide customer support, but the quality, speed and continuity of this service varies from time to time depending on the budget conditions of the companies. We recommend that you experience the support service provided by the stock exchange by asking a question to the support section on its website.
