5575
PHEMEX
A+  RATED
Featured Exchange

Summary

OVERALL SCORE88/100
TRADING
FEATURES
SECURITY
TEAM
COMMUNITY

Conclusion

Phemex scored 88/100 on our review matrix and we rate the exchange at an A+ rating.

Phemex is a new exchange launched in the last 12 months and will require some time to catch up with the bigger players in the derivatives markets. One of the ways it can do this is to continue adding new markets such as the gold markets.

The platform delivers a simple, reliable trading experience for users and by facilitating a fiat gateway, it means they can increase their adoption among users.

The Phemex team are very transparent and have a high level of experience in the legacy financial markets.

SWOT Analysis

Strengths

  • Experienced team
  • Innovative markets
  • Easy to use platform
  • Mandatory 2FA required for allowing any withdrawal
  • No KYC
  • Instant support
  • Option for monthly fee and 0% trading fees on spot markets
  • Mobile apps

Weaknesses

  • New exchange
  • Competing against established large players in both spot and derivative markets

Opportunities

  • Add new markets

Threats

  • The risk of regulation
  • Constant risk of an exchange hack

Disclaimer

The content provided in this review is for educational and informative purposes only. You should not construe any such information on this review as legal, tax, investment, or financial advice.

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Thank you for all your help!

Information

About

Phemex is a cryptocurrency margin and spot trading platform, based in Singapore and launched in 2019. The platform provides up to 100x cryptocurrency derivatives and regular trading on its trading platform.

The team is highly experienced and the CEO, Jack Tao,  is an 11-year veteran executive from Morgan Stanley, where he worked as the MSET BXS global development leader before departing to co-found Phemex.

The platform itself is reliable, easy to use and provides a host of trading pairs and instruments. One of the unique features for the platform is their option to pay a set monthly fee and offer 0% trading fees on its spot markets.

Watch the video below for more information on Phemex:

Legal

Features

Trading

Instant Verification
Integrated Wallet
Corporate Accounts
Affiliate Programme
Affiliate Rates 50%
Two Factor Auth
Google Authenticator
Email Authentication
Featured Trading Pairs Bitcoin, Gold
Cold Storage
Mobile Platform
Android
IOS
Demo Platform
Multi-sig Wallet
Volumes Verified
Signup Bonus $80

Community

Available Languages 🇬🇧 🇯🇵 🇪🇸 🇨🇳 🇷🇺
Multilingual Support
Support Options Email, Live Chat, Social channels

Socials

Twitter
Telegram

Financials

Volume (24h)
Volume (7d)
Market Volume
Fiat Currencies
Markets
Quote Dominance
  *All data is taken from CoinPaprika API, you can visit their website here.
Maker fee
-0.025%
Taker fee
0.075%
Withdrawal fee
0.0005₿
Payment methods
-Bank Transfer
-Crypto Deposit
Credit cards accepted
24H withdrawal