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Phemex announces KYC status unaffected by address provided for Phemex Card

Phemex announces KYC status unaffected by address provided for Phemex Card
Phemex clarifies card address policy

Phemex clarified that providing a residential address is required solely for the Phemex Card application and related services, and does not impact users' existing KYC status or registered KYC country.

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Phemex issued a clarification about the address verification process for users applying for the Phemex Card. According to the broker, the residential address provided during this process is used solely for the card application and related services, and does not alter users’ existing Know Your Customer (KYC) status or their registered KYC country. No further details about the Phemex Card or additional address verification requirements were disclosed in the announcement.

Phemex is a cryptocurrency exchange offering spot and contract trading with a wide selection of cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and USDT. The platform features low trading fees, demo accounts, educational guides with crypto rewards, and investment solutions, as well as leverage up to x100 for contract trading. For further information, see the broker profile on Traders Union.

For more context, see our earlier news about Phemex’s launch of a virtual Mastercard with crypto-to-fiat conversion and USDT cashback in the previous Phemex update on Traders Union.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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