Phemex introduces Phemex Card, enabling spot account spending and unlimited USDT rewards

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Yulia Slavina

29.09.2026

Phemex introduces Phemex Card, enabling spot account spending and unlimited USDT rewards — Phemex introduces virtual Mastercard card

Phemex has launched a virtual Mastercard debit card for eligible users, enabling them to spend USDT or USDC from their spot accounts and receive unlimited USDT cashback on qualifying purchases. The card requires users to complete identity and address verification and can be integrated with mobile payment platforms.

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Phemex has announced the release of its virtual Mastercard debit card, known as the Phemex Card, which is available to eligible users following completion of identity (KYC) and address verification processes. The card allows users to spend USDT or USDC directly from their Spot Account, supports integration with mobile payment platforms such as Apple Pay and Google Pay, and offers unlimited USDT cashback on qualifying transactions. According to the official statement released on September 28, 2026, there are no issuance, annual, or monthly maintenance fees associated with the card. The availability of the card is subject to eligibility criteria, which may include regional or compliance-related restrictions, though specific details were not disclosed.

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How to join the promotion

To participate in the Phemex Card promotion, create or log in to your Phemex account and complete the required identity (KYC) and residential address verification steps. Once verified, you can apply for the virtual Mastercard debit card, which draws directly from your spot USDT or USDC balance. Eligible users can then add the card to a mobile wallet for convenient spending and will receive unlimited USDT cashback on qualifying purchases. For more information or to begin, visit the official sign-up link.

Phemex is a cryptocurrency exchange that offers spot and contract trading for a wide range of digital assets, with the US dollar as the sole fiat currency supported. Key features include competitive trading fees, leverage up to x100 for contracts, a demo account, investment solutions, extensive educational resources with opportunities to earn crypto, and various deposit and withdrawal options, including bank cards. More details can be found in the broker profile on Traders Union.

For more information on recent events, see our earlier news about Phemex’s $50,000 Futures Lucky Draw campaign, where users could earn tickets for a prize draw by completing trading and referral tasks; details can be found in the previous Phemex update on Traders Union.

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