PHEMEX is a leading cryptocurrency exchange offering diverse trading options, including spot trading, futures contracts, and margin trading. Supporting major cryptocurrencies like BTC, ETH, DOGE, and TRX, it caters to both novice and professional traders with tiered account levels ranging from Standard to VIP Star and Pro tiers.
👉 Discover PHEMEX's advanced trading features
Company Overview & Regulatory Compliance
Headquarters: Singapore
Regulatory Status:
- Licensed as a Money Services Business (MSB) by FINTRAC (Canada)
- Registered with FinCEN (USA)
- Compliant with AML/KYC regulations globally
- Implements enterprise-grade security protocols
Key Features at a Glance
| Category | Details |
|---|---|
| Launch Year | 2019 |
| Supported Coins | BTC, ETH, DOGE, HMSTR, TON, TRX + 450+ others |
| Leverage | Up to 100x (Futures & Margin Trading) |
| Trading Fees | From 0% (Maker) / 0.0325% (Taker) |
| Minimum Deposit | 0.00000001 BTC |
| Deposit Methods | Crypto, Credit/Debit Cards, Bank Wire |
| Security | 2FA, Cold Wallets, AWS Cloud, Proof-of-Reserves |
Trading Fee Structure
Contract Trading Fees
| VIP Level | 30-Day Volume (USD) | Maker Fee | Taker Fee |
|---|---|---|---|
| Standard | <8M | 0.0100% | 0.0600% |
| VIP Star | >380M | 0.0000% | 0.0300% |
Spot Trading Fees
| Tier | Volume Threshold | Maker/Taker Fee |
|---|---|---|
| Pro3 | 30M–100M | 0.0300% / 0.0500% |
Advanced Trading Tools
- Dual-Engine Infrastructure: Processes 300,000 TPS with <1ms latency
- Order Types: Limit, Market, Stop-Loss, Conditional, Scaled Orders
- Copy Trading: Mirror top traders' strategies
- Sub-Accounts: 20 customizable accounts for multi-strategy management
Security Measures
- Cold Storage: 95%+ funds offline
- Merkle-Tree Proofs: Real-time asset verification
- AWS Cloud: DDoS protection & encrypted data centers
👉 Explore PHEMEX's security protocols
Restricted Countries
PHEMEX restricts users from:
- USA, UK, Russia
- Iran, North Korea, Syria
- Ontario/Québec (Canada)
Check official site for updated regional policies.
FAQs
Q: Does PHEMEX support staking?
A: Yes, with flexible and fixed-term options for 10+ coins.
Q: What’s the minimum futures trade amount?
A: No minimum – trades start from 0.
Q: How long does KYC verification take?
A: Typically under 2 hours for standard accounts.
Final Verdict
Pros
✅ Ultra-low fees (0% maker fees for VIPs)
✅ High 100x leverage
✅ Robust API and mobile apps
Cons
❌ Limited fiat deposit options
❌ Mixed customer support reviews
PHEMEX excels for high-volume traders but may lack some accessibility features for beginners.
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