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Phemex Review



Followers 3



Revainrating 4 out of 5  
Crypto Exchanges

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Description of Phemex

What Is Phemex? Phemex is a crypto derivatives trading exchange. Based in Singapore, it was launched in 2019 by former executives from Morgan Stanley. The project is rapidly gaining popularity due to low fees and deep liquidity, offering user-friendly charting and wallet interface, no-KYC, tight/fast execution spreads, as well as spot, contract, and margin trading. The centralized cryptocurrency exchange (or CEX) serves all types of clients, ranging from crypto newbies to professional investors. Phemex offers financial advice to improve the trading experience, an educational portal with guides and charts, a quick registration process, a convenient mobile app, referral programs, and ways to generate passive income. The platform provides an instant purchase of digital assets. According to the project’s website, it can handle 300,000 transactions per second, while the order response time is less than 1 millisecond. Who Are the Phemex Founders? The CEO and founder of Phemex is Jack Tao, former Software Engineer and VP of Morgan Stanley. Tao graduated from Fudan University, Shanghai, gained experience in traditional finance, and specialized in the development of algorithmic trading platforms for over 10 years. When Did Phemex Launch? The project was founded in November 2019 and is owned by Phemex Financial Pte. Ltd. Where Is Phemex Located? Phemex is located in Singapore. The company is offshore and registered in the British Virgin Islands. Phemex Restricted Countries The platform has over 5 million active users in 200+ countries. According to the terms of use, its services are not available in the United States, United Kingdom, Quebec and Alberta (Canada), Cuba, Crimea, Sevastopol, Iran, Syria, North Korea, South Korea, Sudan, China, Hong Kong, Republic of Seychelles and Bermuda. What Coins Are Supported on Phemex? Phemex supports over 250 assets, 137+ contract trading pairs, and 238+ spot trading pairs. Here are a few of the cryptos that users can buy/sell/trade on the exchange: BTC, ETH, USDT, DOGE, XRP, LINK, ADA, ALGO, ATOM, MANA, SHIB, APE, FTM, COMP, ZEC, MATIC, LTC, AAVE, SAND and DOT. How Much Are Phemex Fees? Phemex is a full-service platform that stands out from the rest due to its fee model. The exchange charges a 0.1% spot fee (0.1% of the transaction value for market makers and takers with discounts available to high-volume traders). The contract trading fee is based on a Maker-Taker model, where Phemex charges 0.06% for Market Takers and 0.01% for Market Makers. The platform does not charge any fees for crypto deposits to trading accounts. For more details, refer to the Fee Structure. Is It Possible To Use Leverage or Margin Trading on Phemex? Users can trade with up to 100x leverage. Phemex offers leverage trading of perpetual contracts like ETHUSD, BTCUSD, LTCUSD, LINKUSD, XRPUSD, XTZUSD.


Global ratings 23
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Type of review

Revainrating 4 out of 5

Another exchange which widen its services

I have started with the Phemex exchange when it was mainly the contract platform and it has just started. It has started with quite a massive marketing from the beginning and it was quite easy to run into their advertisements around the each corner of internet. There were a great welcome package as a promotion to join them. I have gone through the onbording process which was smooth and easy (KYC was needed as it is centralised exchange) and get some free money to trade in contracts. As I prefe

  • Promotions, gveaways
  • Contracts and Spot
  • Membership system
  • Free USDT TRC-20 withdrawals
  • phone app
  • high BTC withdrawal fee
  • no small cap alts
  • only 3 withdrawals per day

Revainrating 5 out of 5

Phemex : Leveraged Trading with blockchain technology

According to Coinmarketcap, Phemex's 24-hour buying and selling extent is $ 405.6 million. This gave it a location number. # 50 on Coinmarketcap's listing of international exchanges based totally on mentioned 24-hour buying and selling volumes. On the day of the remaining replace of this overview (February 5, 2021), Phemex's 24-hour buying and selling extent elevated to USD 9.12 million! I positioned this in the location number. Volume trendy Overall password eleventh vicinity amongst cur

  • Withdrawal Fee
  • Wire transfer
  • exchange's trading volume

The Phemex Digital forms of money elective is occupied with offering 0-value arrangements to very good quality individuals and exchanging at a most extreme cost of dependent upon 100. Phemex offers very good quality prizes to draw in crypto merchants to different clients and producers of different buying programs, gifted business sectors and significant clients. He merits a prize, two dollars to turn into an individual from the position, a prize of ten dollars to follow a certificate on Face

  • Help from the multilingual Phemex to all day long, for the most part by turning into the norm for the administration of the media.
  • Stage 2 can be supplanted by multiple hundred, 000.
  • Modernized sources are put away in chilly pockets.
  • Zero cost for spot exchanging.
  • It is never utilized as a change, and there are not many references to this general public.
  • It works best with crypto, yet stores and installment options are restricted. There are no choices to get a Fiat.

Revainrating 4 out of 5

Phemex, a good platform for making exchanges

Phemex is a Singapore-based exchange that launched on November 25, 2019. It focuses on derivatives and spot trading of cryptocurrencies and accepts eight different languages. As of March 30, 2020, you can also trade gold and dollars on Phemex. This could be a useful pairs trade to have access to, especially in times of high volatility. You can trade Gold/USD with up to 100x leverage. Phemex offers different bonuses to attract customers. It has a welcome bonus, $2 for signing up to the…

  • Low commissions and in case of being registered as a Premium client, it has zero commissions for operations.
  • Leverage plan that offers you up to 100X.
  • Good Bonus plans to stimulate investment.
  • You can invest in Dollars and Gold
  • None for now

Revainrating 4 out of 5

An exchange with a welcome bonus

Phemex exchange is a cryptocurrency exchange platform that works with blockchain technology. Phemex exchange supports eight languages, but most of the languages are far eastern languages. You can connect to customer representatives via live support. Live support supports multi-language conversation. Phemex exchange, they are very active on social media. Twitter, Telegram, Medium .. There are more than 30 liquidity provider organizations in Phemex exchange that are compatible with this…

  • Although the stock market is little known, it has high trading volume and high liquidity
  • They use cold wallet storage
  • Interface runs very fast and stably
  • You can profit from your investments with the welcome bonus
  • Crypto currency diversity is low

Revainrating 5 out of 5

Fast and Easy Exchange to Use

Overall as a beginner trader, I really like Phemex for the simple UI. I also use a lot of its user guides and academy articles to learn more about cryptocurrency in general. Recently, Phemex added a lot of new spot trading pairs and contract trading pairs and I just started to use their Earn Crypto product to earn some APY on my coins. Overall really good experience and their CS are very quick to respond as well.

  • Easy to Use, Fast, Creative Content
  • Lower liquidity on some coins

I paid about $70 to become a Premium member for the year. This should have allowed me to complete fee-free spot limit and/or market trades from the website or a mobile device on their app. I made many of these trades and they incorrectly charged me about 58 fees that should never have been charged totaling almost $400. I have been dealing with their online-only "Support" for 6-weeks now. They keep telling me that they will refund the money but never do! Not only are they holding my money…

  • Absolutely none, they'll steal your money and never refund it.
  • They stole hundreds of dollars from me and won't refund it!

The Phemex trade is known for its perfection in caring for more than a thousand people every second and the adaptation of the frame, which I can enthusiastically describe as a profound multifaceted and effective exchange. It is very convenient to provide a large number of framed requests. Trading in Phemex Cryptocurrencies is the first step to exchanging zero-cost points for premium memebers, combined with contract exchange with the most complex altcoin exchange effect up to Phemex, at least in

  • Help from multilingual Phemex to becoming a standard media organization all day. Trading, Cryptos is a lucrative and convenient phase to buy and sell
  • Cryptographic monetary diversity is low

Revainrating 5 out of 5

Phemex exchange has an incredible trade engine

Phemex exchange is known for Its optimization and system scalability in handling transactions of over hundreds of thousands per second, that's one reason I have always being interested in the exchange right from the onset of its milestone record as a highly scalable and efficient trading system capable of handling tons of trades request. Phemex comes in several language translation for traders across the globe to understand vividly the information disclosed In the exchange for them, so…

  • It has a trade engine capable of handling thousands of transaction each second
  • It has a great liquidity
  • It provides several language translation
  • Support margin trade
  • None

Revainrating 4 out of 5

My review on the exchange Phemex!!!

Phemex is a Singapore-based cryptocurrency derivatives exchange that opened in early December 2019. The creators are eight former employees of the American financial conglomerate Morgan Stanley. Peculiarities We currently offer six perpetual cryptocurrency contracts including BTCUSD, ETHUSD, XRPUSD, LTCUSD, XTZUSD, and LINKUSD. In addition, we also offer our non-crypto trading pair GOLDUSD with a lot of assets like S&P 500 stocks, stock indices, interest rates, FOREX, commodities, energy…

  • Developed by former Morgan Stanley executives
  • Focused on derivative products.
  • Competitive trading fees
  • Ability to trade gold
  • A very convenient system for placing conditional orders (various kinds of stop orders with different trigger conditions)
  • You can trade on the spot market without commissions, only by subscription.
  • No break-in records yet
  • No KYC for small withdrawals
  • Relatively new, launched only a year ago.
  • Regional restrictions without providing alternatives for users from those jurisdictions.

Revainrating 4 out of 5

Phemex is a very nice exchange to trade on.

Actually, I got to know about this Excellent exchange from a friend of mine and since I signed up for this Exchange, I have been gaining a lot of bonuses since then. This Exchange of which I am talking about is Phemex, and it is going to be the main word of this my review. Phemex is one of the well performing cryptocurrency Exchange platforms of which I would recommend you to sign up for. Just as I mentioned earlier, this Exchange, Phemex was introduced to me by a friend of mine and just as…

  • It is easy to use.
  • I believe it is a reliable exchange.
  • It rewards for specific announced activities done.
  • It has much Liquidity.
  • None.

It iI love the fact that it as live active customer services that is readily available all the time.s awesome for an enterprise to be modern-day and to protect all rights. It is actual that the regular updating of the critical elements of the undertaking is true, because it suggests a bit of reliability and comfort. The equal is real of Phemex, a cryptocurrency opportunity this is known for providing zero price of transactions. The truth is, fees are introduced, but quantities are so rapid that

  • The exchange is a secured and conducive platform to buy and sell Cryptos
  • Crypto currency diversity is low

Revainrating 2 out of 5

The best place to shop and store your digital assets.

The Phemex Digital Cash Exchange is the first round to offer zero point exchanging for premium memebers, which is joined with contract exchanging, which is the most compelling merchant up to 100x. Phemex brings crypto dealers to two purchasers and makers of different trade packs, a skilled market and a line of importance Phemex offers exceptional prizes to draw in clients. It has a decent award, $ 2 for joining the scene, in addition to a $ 10 prize for following the scene on Facebook and…

  • works with the good support of its customers.
  • There are downsides.

Phemex Digital forms of money trade is number one stage to offer brokers zero charge spot exchanges for premium memebers combined with contract exchange with most extreme influence of up to 100x Phemex brings to Crypto merchants the two takers and makers numerous Exchanging sets, proficient market and profundity diagrams I love it's ongoing business sector information with precise expert marker giving merchants completely clear comprehension of latest things on the lookout It meas

  • every minute of every day multi-lingual Help, with admittance to Phemex President via web-based media.
  • It can handle in excess of 200 thousand exchanges each second.
  • Computerized resources are kept in cool wallet stockpiling.
  • Zero expense for spot exchange.
  • Necessities to work more on its online media presence for more noteworthy openness.

Revainrating 4 out of 5


This exchange is multi crypto exchange platform that has over six different languages. It was established in 2019, i love this exchange because it has interesting services. Registration is very easy, it can be done and use the platform without performing know your customer. It was not up to a minute to open an account. I deposited my asset to this crypto exchange platform through digital asset, though it has other deposit method which includes credit card and debit card, bank transfer and…

  • Security is high, it has not been hacked
  • Support various methods for deposit which includes credit card
  • Known your member is not a requirement
  • Easy registration
  • Live customer service support for twenty four hours
  • Social medial platform to updating the user about the development and update, it also serve the means of interacting between traders in the community.
  • Transaction is fast
  • Multi cryptocurrency exchange
  • Multi language platform
  • Not well known

Phemex Cryptocurrencies exchange is number one platform to offer traders zero fee spot transactions for premium memebers coupled with contract transaction with maximum leverage of up to 100x Phemex brings to Crypto traders both takers and makers multiple Trading pairs, professional market and depth charts I love it's real time market data with accurate professional indicator giving traders crystal clear understanding of current trends in the market It processes well above 200 thousand…

  • 24/7 multi-lingual Support, with access to Phemex CEO on social media.
  • It can process more than 200 thousand transactions per second.
  • Digital assets are kept in cold wallet storage.
  • Zero fee for spot transaction.
  • Needs to work more on its social media presence for greater exposure.

Revainrating 5 out of 5

My Experience And Verdict About Phemex Exchange

I got to to know about Phemex from a friend who recommended the exchange to me because of its impeccable attributes. I have being using Phemex exchange for over a month and so I felt it well be good if I share my experience to other crypto traders. Phemex exchange is multilingual ,it has languages like English Russian, Spanish, Japanese, Korean ,Chinese, French and German making it open to investors across the globe,I make use of the English language option since that is the only language

  • high liquidity and trading volume
  • The exchange is a secured and conducive platform to buy and sell Cryptos
  • The fees are very low and affordable in fact it is far below the industry's average
  • You get paid whenever you are in the position of a maker
  • I haven't seen any thing bad about the exchange, and if there is any that would have been its low number of altcoin which is already increasing weekly

Revainrating 3 out of 5

Phemex: Not Recognized as an Exchange but a Source of Digital Development

It is excellent when a company is up to date and has all its rights reserved. It speaks really good of them to be always updating every single but necessary aspect of their project because it shows a little bit more of reliability and comfort. Such is the case of Phemex, a cryptocurrency exchange that is well-known for providing zero fees in certain of is transactions. The truth is that it attaches fees, but the amount is too short that users consider those commissions something not valuable.…

  • It is well-known because it has low fees and sometimes it provides zero commissions, but it depends on the range of expertise the trader has.
  • It works with quick steps. It has some configured accesses that permit users to switch between windows rapidly.
  • It works with good customer support, and it operates without failures.
  • It has not KYC feature available. Sometimes, it is difficult to track if this service provides really good security and privacy for their users and the investors they work with.
  • It is little used as an exchange, and there are low references for this network.
  • It works just with crypto, but deposits and payment options are limited. It has not available features to accept fiat.

Revainrating 4 out of 5


Phemex is an exchange or trading platform in which users trade with low minimal trading and transaction fee. The fees are very low and also very competitive in the exchange market. The registration was very easy and didn't require KYC verification. It involved only my password and my email which a code will be sent to. Over my past two years of using phemex, all my transactions were quick and smooth usually taking less than 3 minutes. The security is also very good as it makes use of…

  • A relatively low trading fee
  • It doesn't involve KYC verification
  • Transaction is smooth and quick
  • Uses two step verification
  • It is an etherum based wallet

Revainrating 5 out of 5

Unique Phemex

Phemex exchange is an amazing exchange where users can trade their cryptocurrency and assets holdings at a fast rate and an extremely low price. I just started hearing about this exchange not quite long, it popped up as an ad when I was using a trading app and without wasting much time, I went striaght to signup and here are my own experiences with each othe features listed below 1. Registration: with the ease of registration on phemex, I would consider Phemex as one of the best exchanges in…

  • Every positive experience I had had been explained in my review above
  • publicity is a major setback in this exchange