All Phemex users can use a BTC wallet and two types of trading accounts: a BTC trading account and a USD trading account.

For contracts denominated in BTC, users can trade using their BTC trading account,

For contracts denominated in USD, users can trade using their USD trading account.

After depositing into the BTC wallet, users must transfer or deposit to the individual trading account they wish to trade.

For more information about our money trading account, please click here.

When Phemex deposits funds into a USD trading account, it calculates the conversion amount by applying the real-time index price. A 0.1% fee is charged.

Go to Phemex Official Website