Phemex Review 2026
Learn more about TU’s methodology
- ₿0.00000001
- TradingView
- Loads of cryptocurrencies and tokens, low minimum deposit, low commissions, high leverage, profitable referral program, available for investing (staking), a lot of discounts and bonuses
Our Evaluation of Phemex
Learn more about TU’s methodology
Phemex is a reliable cryptocurrency exchange with the TU Overall Score of 7.42 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Phemex clients on our website, Traders Union expert Anton Kharitonov believes he can recommend this company as the majority of reviews showed that the broker’s clients are mostly satisfied with the company.
The Phemex crypto exchange offers an easy-to-learn trading terminal and a wide range of opportunities for the comfortable trading of cryptocurrency. In addition to active trading, you can earn passively on investment decisions and through the referral program. Exchange commissions are lower than the market average even without a premium account. Available to trade on the spot through the bot, and there are no restrictions on trading strategies. The exchange has a significant welcome bonus (up to $100), the site regularly conducts promotions and contests for traders of all levels.
How we tested Phemex
Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.
Learn more about our methodology and editorial policies.
Brief Look at Phemex
The Phemex exchange is a platform for spot and contract trading of cryptocurrencies. Bitcoin (₿), Litecoin (Ł), Ethereum (Ξ), Tether (₮), Dash (Ð), Ripple, DOGE, DOT, ADA, and many other cryptocurrencies and tokens are available for trading on this platform. The exchange stands out for its low fees: 0.1% for spot, and 0.075/-0.025% for contracts (taker/maker, respectively). Premium account reduces spot fees to 0%, and there are no withdrawal limits. The only fiat currency available on the site is the US dollar. All basic deposit/withdrawal options are available, including direct transfers from bank cards. The exchange offers a demo account, educational guides with the possibility of earning cryptocurrency, and a welcome bonus for newcomers. There are investment solutions with payouts of up to 10% per annum. The platform is lightning fast and is stable. Also, there are mobile versions.
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- spot and contracts, loads of cryptocurrencies, tokens, and the US dollar;
- the ability to reduce spot trading fees to 0%;
- leverage x100 is available for contract trading;
- minimum deposit only ₿0.00000001 (or the equivalent);
- demo accounts and free premium mode test;
- extensive knowledge base, and tutorial guides with crypto payouts;
- referral program with discounts on commissions;
- investment programs with flexible and fixed deposits;
- Star Composition program gives users new opportunities;
- cold storage of funds, high levels of data protection.
- communication with technical support is conducted via email only;
- without a premium account, trading conditions are less favorable.
TU Expert Verdict
Chief Analytics Officer
Phemex provides access to trading over 350 cryptocurrencies, along with spot, futures, and options contracts, using an advanced web platform integrated with TradingView and highly rated mobile apps. The exchange features a minimal deposit requirement of ₿0.00000001 or $10 equivalent, supports both crypto and fiat methods including USD and several major currencies, and offers high leverage up to 1:100 for contract trading. Users benefit from low trading fees, premium accounts that can reduce spot fees to 0%, a robust bonuses structure, staking opportunities with up to 10% annual returns, and mandatory KYC for all accounts.
A few disadvantages are customer support is available only by email, certain advanced order types are not accessible on all devices, and the platform does not service U.S. residents. There is also a withdrawal fee, and some popular payment methods are not supported. While trading conditions and asset selection are strong, Phemex may not be suitable for users seeking instant customer support or broader payment flexibility, but it remains a solid choice for both novice and active crypto traders outside the U.S.
Phemex Summary
Your capital is at risk. Cryptocurrency trading can be extremely risky. Cryptocurrency trading can lead to large and immediate financial losses. The volatility and unpredictability of the price of cryptocurrency relative to fiat currency may result in significant loss over a short period of time. Transactions in cryptocurrency may be irreversible, and, accordingly, losses due to fraudulent or accidental transactions may not be recoverable. The nature of cryptocurrency may lead to an increased risk of fraud or cyber attack.
| 💻 Trading platform: | TradingView |
|---|---|
| 📊 Accounts: | Premium, Standard, demo |
| 💰 Account currency: | Cryptos, USD |
| 💵 Deposit / Withdrawal: | Bank cards and accounts, electronic and cryptocurrency wallets |
| 🚀 Minimum deposit: | ₿0.00000001 |
| ⚖️ Leverage: | Up to х100 |
| 💼 Copy Trading: | No |
| 📈️ Min Order: | From 0 |
| 💱 Commission: |
Spot: 0.1%-0.1% Futures: 0.01%-0.06% |
| 🔧 Instruments: | 350 supported coins, Futures, Perpetual contracts, Options, Fiat, NFT. |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Order execution: | Not indicated |
| ⭐ Trading features: | Loads of cryptocurrencies and tokens, low minimum deposit, low commissions, high leverage, profitable referral program, available for investing (staking), a lot of discounts and bonuses |
| 🎁 Contests and bonuses: | Yes |
The Phemex crypto exchange has one of the lowest minimum deposits, which is ₿0.00000001 or the equivalent in other cryptocurrencies (or tokens). This is convenient for newcomers, especially when combined with a demo account and the opportunity to earn money by going through training programs. Leverage is not available for spot trading, only for contract trading, and is x100. Connection to technical support and representatives of the company is by email (it is specified in the Support Center section). The table below shows the main trading conditions of the exchange:
Phemex Key Parameters Evaluation
Video Review of Phemex
Regulation and Safety
Phemex has earned a rating of 10/10, demonstrating strong security and regulatory compliance. This score suggests that the exchange is generally reliable and offers a solid level of protection for users.
- Government-regulated
- 2FA
- Cold wallet storage
- Investor protection fund
- No successful hacks history
- Tier-1 regulation
- No facial recognition
- Not U.S regulated
Phemex Security Factors
We also compared Phemex against the top two competitors with the highest scores in our overall ranking based on the most critical security indicators.
| Phemex | Kraken | Coinbase | |
| Tier-1 regulation | Yes | Yes | Yes |
| Government-regulated | Yes | Yes | Yes |
| Investor protection fund | Yes | No | Yes |
| 2FA | Yes | Yes | Yes |
| Facial recognition | No | No | No |
| Cold wallet storage | Yes | Yes | Yes |
| Successful hacker attacks | No | No | Yes |
Is Phemex a regulated crypto exchange?
Phemex is regulated by a Tier-1 financial authority (e.g., in the U.S., UK, Germany, Spain, France, Australia, Singapore, or another jurisdictions with strict financial oversight). This ensures strong investor protection, compliance with stringent operational standards, and enhanced security for users trading on the platform.
Phemex is authorized or licensed in accordance with local regulations in the following regions: Canada.
Is verification (KYC) mandatory at Phemex?
Yes, KYC verification is mandatory at Phemex. You will need to complete the verification process before you can open an account and access the platform's full range of services.
Is Phemex available in the USA?
Phemex is not available in the USA due to regulatory restrictions. In some cases, access might differ by state, so we recommend confirming details with the platform’s support or checking the official website for the latest updates.
You may also consider the top 3 exchanges that are available in the USA and rank highly based on our methodology: Kraken, Coinbase, OKX .
Phemex commissions and fees
Phemex has earned a rating of 8.25/10 for its trading fees. This makes it a highly attractive choice for active traders seeking to reduce costs, as Phemex is a platform with minimal crypto trading costs.
- Futures fees below industry average
- Spot fee below industry average
- No deposit fee
- No P2P fee
- Withdrawal fee may be applied
What are Phemex trading fees?
We analyzed Phemex’s crypto fees and compared them to the top two competitors, both of which hold high average positions in our rankings. To establish a comprehensive benchmark, we also calculated the average fee score based on an evaluation of over 100 cryptocurrency exchanges.
Phemex trading fees vs competitors
| Phemex | Nexus Trade | CoinMetro | Industry average | |
| Spot, maker fee (%) | 0.1 | 0.22 | 0.1 | 0.15 |
| Spot, taker fee (%) | 0.1 | 0.22 | 0.2 | 0.194 |
| Futures, maker fee(%) | 0.01 | 0 | 0 | 0.024 |
| Futures, taker fee(%) | 0.06 | 0 | 0.053 |
What are Phemex deposit and withdrawal fees?
| Deposit fee, % | 0 |
| Withdrawal fee, % | 0.0005 BTC |
Does Phemex offer P2P trading?
Yes, Phemex offers a P2P trading platform. We have provided the fees for these transactions and compared them with competitors.Phemex P2P Fees
| Phemex | MaiCoin MAX | BTSE | |
| P2P maker fee (%) | 0 | 0,1 | 0,01 |
| P2P taker fee (%) | 0 | 0,15 | 0,05 |
Deposit and Withdrawal
Phemex received a 6.5/10 rating for its deposit and withdrawal services. While Phemex covers basic payment options, the platform lacks some widely used methods that could improve user flexibility.
- Many cryptocurrencies for deposits and withdrawals
- No deposit fees
- Bank cards accepted for instant deposits
- Bank transfers for deposits and withdrawals
- Withdrawal fee applies
- No Google Pay option
- No PayPal option
Deposit and withdrawal options
Phemex supports the following deposit and withdrawal options: Bank transfers, Bank card, Crypto.
Phemex Deposit and withdrawal options vs competitors
| Phemex | Kraken | Coinbase | |
| Bank transfers | Yes | Yes | Yes |
| Bank card | Yes | Yes | Yes |
| Crypto | Yes | Yes | Yes |
| PayPal | No | Yes | Yes |
What is Phemex minimum deposit?
The minimum deposit at Phemex is 10 USD/USDT or 1 BTC. The minimum trade size is 1 USD/USDT, which also serves as the minimum amount required to start trading on the platform.
Phemex minimum deposit vs competitors
| Phemex | Kraken | Coinbase | |
| Minimum deposit, USD or USDT | 10 | 10 | 10 |
| Minimum deposit, BTC | 1 | 1 | 1 |
| Minimum trade amount, USD/USDT | 1 | 1 | 2 |
Does Phemex support fiat money?
Phemex supports fiat currency trading and account funding. The following fiat currencies are accepted:
Supported coins & markets
Phemex received a score of 9/10 in this category, highlighting its excellent selection of tradable assets and market access. Phemex supports 350 coins and caters to various trading types, making it a strong choice for both active traders and long-term investors.
- Crypto futures available
- NFTs available
- Yield farming available
- Regional product restrictions are possible
Phemex supported coins and markets vs competitors
We compared Phemex with leading exchanges in terms of supported coins, NFT access, and derivatives like futures and options to help users assess the platform’s product range and trading flexibility.
| Phemex | Kraken | Coinbase | |
| Supported coins | 350 | 278 | 249 |
| Futures/Perpetual contracts | Yes | Yes | Yes |
| Options | Yes | No | No |
| NFTs | Yes | Yes | Yes |
Phemex passive income options vs competitors
We also compared Phemex with top competitors in terms of passive income opportunities such as staking, farming, and copy trading, to help users evaluate the platform’s earning potential beyond regular trading.
Trading apps & tools
Phemex received a score of 9/10 for its trading apps and tools. Its mobile platforms are highly rated on both iOS and Android, delivering smooth performance, advanced charting capabilities, and real-time market data.
- Android app score 4.6
- Positive user feedback on the iOS app
- Mobile indicators allowed
- App data protection with 2FA
- Advanced orders not available
- No standalone desktop access
- No Face ID
Trading apps
Phemex provides web and mobile apps for both Android and iOS users, with an average rating of 4.6 on the App Store and 4.6 on Google Play. Our review focused on core features important to traders, particularly trading functionality and security tools, to evaluate how convenient and safe the Phemex platform is for mobile use.
| Phemex | Kraken | Coinbase | |
| 2FA | Yes | Yes | Yes |
| Face ID | No | No | No |
| Mob Indicators | Yes | Yes | Yes |
| Alerts | Yes | Yes | Yes |
| Advanced Orders | Yes | Yes | Yes |
| Trading with bots | Yes | No | No |
| API | Yes | Yes | Yes |
| Extra trading platforms | No | No | No |
Does Phemex offer a desktop app?
No, Phemex does not currently offer a desktop app. However, users can access the platform via its web version, which provides more comprehensive functionality compared to the mobile apps.
Does Phemex offer advanced charting with TradingView integration?
Yes, Phemex offers advanced charting through direct integration with TradingView. Users can access TradingView’s full suite of indicators, drawing tools, and multi-timeframe analysis directly on the platform.
Contacts
| Foundation date | 2019 |
|---|---|
| Registration address | Singapore |
| Official site | https://phemex.com/ |
| Contacts |
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