Phemex

This exchange offers the following: - A cryptocurrency to fiat converter. A limited number of assets are supported (BTC, USDT, and USD), and funds are credited to the account; - Spot trading. This is regular trading, and there aren't many assets available. No commission is charged for premium accounts, but there are limits; - Contract trading. Suitable for margin trading enthusiasts with leverage up to 1:100; - Investing. Earnings are generated through staking and deposits. The rate is low, around 6-8% per year, but it's still better than in a bank. Additionally, investing in a stablecoin (USDT) can protect against exchange rate fluctuations. I am engaged in spot and contract trading, and I also keep a few hundred USDT in deposits. Everything is fine.

Date of experience: авг 29, 2025

Phemex will be a good choice for trading major cryptocurrencies. Right now, there aren't many assets available (for example, XRP is missing due to registration with FinCEN), and the trading pairs are mostly based on USDT. So it's not surprising that most trading is concentrated on the BTC/USDT pair, which accounts for about 90% of the total volume. The ETH pair is also actively traded. The other assets are less liquid than one would hope. In conclusion, if you prefer altcoins, it's better to look for another exchange. If you're mainly interested in the classics, then welcome — the conditions are quite acceptable.

Date of experience: янв 09, 2026

Great place for trading Bitcoin. The exchange has a convenient and powerful terminal that allows for executing trades without delays. Liquidity is top-notch, at least when it comes to Bitcoin. Leverage, investments, and an exchange service are also available, but I don't use them, just spot trading. Due to zero fees, I had to get a membership, which cost me $70 for a year. But I've already made that back since I trade often and with good volumes.

Date of experience: дек 20, 2024

A Singaporean cryptocurrency exchange that has been operating since 2019. I have been using its services for about six months, and so far everything is great. There are two directions here: spot and derivatives trading. I mainly deal with spot trading; I haven't worked with leverage, but for those who like to take risks, everything necessary is available. The exchange has 30 liquidity providers and an impressive turnover. Because of this, most assets trade very well. Of course, it still has a long way to go to compete with the major players, but considering the age of the exchange, the conditions are simply top-notch. I liked the idea of membership: yes, it requires a decent payment, but with high turnover and zero commission on spot trading, you ultimately save more. Excellent conditions have been created here for active traders.

Date of experience: мар 31, 2025

The most important thing is the low fees and the absence of a deposit charge, which is a big plus. I have tried many exchanges, but this one attracted me primarily with its interface. It is pleasant, intuitive, and without complicated schemes. Everything is done clearly and understandably. In the end, I chose this exchange and plan to continue using it in the near future.

Date of experience: окт 07, 2025

An interesting exchange. The futures trading is organized well, and the interface is user-friendly. There is an option to trade various coins. For beginners, the conditions for deposits and staking are described in detail. You can deposit almost any fiat currency. Payments are processed quite quickly, sometimes with slight delays. The platform is great for cryptocurrency trading.

Date of experience: июн 23, 2025

I want to highlight the comprehensive assistance and support — both during the verification process and while trading. The exchange operates around the clock, and you can communicate with specialists through online chat. The platform representatives are engaged in market research and strive to provide you with a wide range of opportunities. If you act wisely and stay calm, you can achieve good results here.

Date of experience: янв 16, 2025

Phemex exchange is rapidly gaining popularity in the cryptocurrency community. It offers interesting opportunities, such as futures on various assets, including Bitcoin and gold. Users can take advantage of leverage up to ten times their deposit (for bold traders). As a nice bonus upon registration, you receive two dollars in your account, which can be seen as compensation for the time and effort spent on verification. Bonus deposits are also available (not to be confused with withdrawals, as they cannot be withdrawn). Overall, it's worth trying if you haven't yet decided on a main platform for crypto trading.

Date of experience: авг 15, 2025

I am quite demanding when it comes to the information provided by such platforms. They require me to submit a lot of documents—photos, passports, receipts. Therefore, they should also be honest. We'll see: they claim to have a license, but the document is not presented anywhere. Maybe there wasn't enough space on the website? Furthermore, they care about your safety, but they only provide information about risks in English. Of course, you can use Google Translate, but still... I'm not taking the risk for now. If they fix the situation, I might consider giving it a try. I've read that they have interesting tools.

Date of experience: май 22, 2024

Pros — there are no fees for account replenishment, trading commissions are quite low, and the limit on withdrawals — no more than three times a day — suits me perfectly. As for the functionality, I am satisfied with it. The interface is pleasant, which is especially important when you spend 8-10 hours in front of the screen. Cons — without official income confirmation, there may be difficulties with verification. P.S. Thank you for the promo code. I will definitely use it for my next exchange :)

Date of experience: фев 18, 2025