Phemex introduces Phemex Card for real-time spending from Spot Account balances with tiered USDT cashback

Traders Union
All News
Broker News
Phemex launches virtual Mastercard debit card

All news

Top Stories

Editors' Picks

Stocks

Crypto

Economics

Currencies

Commodities

Business & Wealth

Market Voices

Ksenia Gerey

4 hours ago

Phemex introduces Phemex Card for real-time spending from Spot Account balances with tiered USDT cashback — Phemex launches virtual Mastercard debit card

Phemex has introduced a virtual Mastercard debit card that enables eligible users to spend directly from their Spot Account balances in USDT or USDC, with real-time settlement and cashback rewards based on user tier. The card can be linked to mobile wallets, is free of annual and issuance fees, and is initially available to users in the European Economic Area.

Leading Crypto Broker in United States

8.5/10

*Rated by real traders on Traders Union

Chosen by 1 600+ local traders in the last 3 months.
Traders earn on average 12% more per month vs other brokers.

Start with Coinbase

Phemex has announced the launch of the Phemex Card, a virtual Mastercard debit card that enables eligible users to make purchases directly using the USDT or USDC balances held in their Spot Account. The card settles payments in real time without manual conversion and can be linked to mobile wallets such as Apple Pay and Google Pay, allowing usage at over 150 million merchants worldwide. According to the information provided, the card is free of issuance and annual fees and offers unlimited USDT cashback on eligible transactions, with the rate determined by user tier—VIP users receive 1% and Standard users 0.25%. Cashback is credited monthly to users’ Spot Accounts, with exclusions applying to certain merchant categories. The offering is initially limited to users in the European Economic Area, with plans to expand to additional regions.

View post on X Loading...

The tweet was deleted by the author.

But we saved everything 🙂.

How to participate

Eligible users can join Phemex's cashback card campaign by applying for the virtual Phemex Mastercard, which allows spending directly from Spot Account balances in USDT or USDC and earning tiered cashback on qualifying purchases. To get started, users should create a free Phemex account or log in, verify identity, and submit a card application. Once approved, the card can be linked to mobile wallets for purchases. Registration and full details are available via the official sign-up link.

Phemex is a cryptocurrency exchange platform offering spot and contract trading for a wide range of digital assets, with the US dollar as the only fiat currency supported. The platform features low trading fees, demo accounts, educational guides with opportunities to earn cryptocurrency, and investment programs with variable payout options. For detailed information, see the broker profile on Traders Union: full review on Traders Union.

In our earlier news about Phemex, we covered their 14-day trading promotion where users could complete Perpetuals tasks to earn guaranteed rewards and enter a lucky draw for BTC, ETH, and USDT bonuses. For full details, see 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.