Phemex is a cryptocurrency exchange based in Singapore, established in 2019, and regulated by FinCEN, offering over 350 spot trading pairs and up to 100x leverage for derivatives trading. It provides multiple features such as copy trading, trading contests, an earn platform, and a highly secure trading environment with institutional-grade security. The platform supports fiat transactions via credit/debit cards, bank transfers, and third-party payment providers, but requires KYC verification for trading, deposits, and withdrawals. Phemex is shifting towards a hybrid centralized-decentralized model with governance through PhemexDAO and innovative features like the Phemex Soul Pass (PSP) for user rewards. With a rapidly growing user base of over 5 million traders and a daily trading volume exceeding $253 million, Phemex is becoming a significant player in the crypto trading space.
Phemex Exchange Review: Secure Crypto Trading with 100x Leverage & Copy Trading
Phemex is a regulated crypto exchange offering secure trading, up to 100x leverage, copy trading, and an earn platform, making it ideal for both beginners and professional traders.
Join Phemex today for secure and high-speed crypto trading with 100x leverage, copy trading, and competitive fees—trade smarter and earn more!
Feature | Details |
---|---|
Founded | 2019 |
Headquarters | Singapore |
Regulation | Registered with FinCEN, multiple state licenses |
Spot Trading Pairs | 350+ |
Leverage | Up to 100x on derivatives |
Fiat Support | USD, EUR, GBP, JPY, CAD, CHF |
Deposit Methods | Crypto, bank transfer, credit/debit card, Apple Pay, Google Pay |
Trading Features | Spot & derivatives trading, copy trading, trading contests |
Security | Cold storage, multi-signature wallets, SSL encryption |
Mobile App | Available on Android & iOS with high ratings |
Phemex was born by combining a strong technology and expertise accumulated on Wall Street for decades.
Phemex strives for a future where everyone can live a prosperous and meaningful life with blockchain technology.
What is Phemex?
Phemex seeks a world where everyone has an opportunity, a more equal and free world.
Phemex breaks privilege and monopoly by giving people the ability to shape their own destiny.
This paradigm shift allows anyone to take advantage of infinite opportunities from an equal starting line, so the winner will be determined solely by individual diligence, insight and quick adaptability.
- Buy Coins
- Instantly buy BTC, ETH, USDT and other major cryptocurrencies in local fiat currencies using your credit or debit card.
- Spot trading
- Trade BTC, ETH and more than 243 contract pairs without commission on the super fast trading engine.
- Futures transaction
- Trade cryptocurrency derivatives with up to 100x leverage. BTC/USD, ETH/USD and more than 131 contract pairs are available using split buy/sell, target prices, stop loss and more.
- Cryptocurrency finance
- Earn Bitcoin and Cryptocurrencies with a high % APY interest. Cryptocurrency income is paid daily/weekly.
- Academy
- Build your crypto knowledge with over 400 articles on popular crypto projects and practical technical analysis. Useful for both beginners and advanced traders of cryptocurrencies.
- Welcome bonus
- Get up to $180 cryptocurrency trading bonus. Bonuses are used to open positions, pay trading fees, and cover losses.
Phemex offers unlimited opportunities and equal footing to all individuals. Break through the paradigm of limitless possibilities and freely carve out the financial path of your assets.
The name Phemex was created by combining Pheme and MEX.
Pheme is the goddess of fame who personified the voice of the masses in Greek mythology. MEX is an abbreviation for mercantile exchange.
The two words symbolize the future of finance, where everyone is heard and thrown out of the box for equal opportunity. This is the vision of Phemex.
Why choose Phemex?
Universalize equitable financial access for all regardless of background, borders and beliefs.
Phemex uses state-of-the-art technology to promote equality and justice.
Who, where, and for whatever reason… everyone should have access to the latest innovations and investment opportunities.
- Advanced features and security
- Transaction engine capable of processing 300,000 transactions per second, with a latency of just 1 millisecond from order entry to processing.
- Advanced features
- FIX API and sub-account support.
- Best wallet safety
- Deposits and transfers of all assets to the cold wallet system are performed offline through two-step strict security.
- Customer support
- Phemex customer support calls are supported on Telegram.
You can easily use your favorite functions in Phemex.
Download the Phemex mobile app to trade cryptocurrency derivatives.
Enjoy dynamic market data, accurate K-line (Candlestick) patterns and easy-to-use customization indicators 24/7.
Get the latest news and information about cryptocurrencies from anywhere.
Go to Phemex’s Official Website
FAQs
- What is Phemex?
- Phemex is a regulated cryptocurrency exchange offering spot and derivatives trading with up to 100x leverage.
- Is Phemex a regulated exchange?
- Yes, Phemex is registered with FinCEN and holds multiple state licenses for financial operations.
- Does Phemex support fiat transactions?
- Yes, users can deposit and withdraw using fiat currencies like USD, EUR, GBP, and more via credit/debit cards and bank transfers.
- What cryptocurrencies can I trade on Phemex?
- Phemex offers over 350 cryptocurrencies for spot trading and 150+ derivatives contracts.
- Does Phemex offer leverage trading?
- Yes, Phemex supports leverage up to 100x on derivatives trading.
- How secure is Phemex?
- Phemex employs cold storage for funds, SSL encryption, and multi-signature authentication for withdrawals.
- What is copy trading on Phemex?
- Copy trading allows users to automatically replicate the trades of experienced traders on the platform.
- Does Phemex have a mobile app?
- Yes, Phemex offers a mobile app for iOS and Android, supporting full trading functionality.
- How can I earn passive income on Phemex?
- Phemex offers an Earn platform with flexible and fixed savings, staking, and launchpool rewards.
- Is KYC required on Phemex?
- Yes, KYC verification is mandatory for deposits, withdrawals, and trading.
Comment by jetonwhy
February 16, 2025
Anyone else finding it weird that Deriv only allows deposits through Jeton and not bank transfers? They’ve removed crypto too, so now it’s just cards and Jeton. Kinda frustratin...