Phemex review and signup bonus 2023

Phemex Welcome Bonus $8800 – Low Trading Fees – Review 2024

Phemex Welcome Bonus and Review – Summary

  • Claim the Phemex welcome bonus worth $8800 USDT.
  • Enjoy trading discounts and low trading fees. See details in the Phemex VIP program
  • There are no KYC requirements on Phemex, and you can withdraw up to $50K per day

Phemex Signup Bonus – 8800 USDT

Phemex SignUp Bonus 8800 USDT Terms and Conditions

Phemex crypto exchange top menu

What is Phemex Exchange?

Phemex is a cryptocurrency exchange that stands out for its focus on providing a user-friendly and highly efficient trading experience. Here’s a summary of what the Phemex exchange offers:

  1. Buy Crypto: One click buy, fiat bank deposits, credit and debit card purchases, and P2P market.

  2. Markets: 270 spot markets and 187 spot cryptocurrencies. 211 perpetual and 0 futures.

  3. Contracts: COIN-M, USD-M Perpetual, Copy trade and Trading bots. 

  4. Spot Trading: Spot trading, Margin trading, Convert and Launchpad

  5. Earn: Phemex Earn, Phemex savings, prediction markets, Phemex launch pool

  6. Web 3: Phemexia, Phemex Soul Pass, Phemex Token, xPT Pre mining, 1000 BTC giveaway, Whitepaper

  7. Phemex Learn: Phemex offers a range of free crypto trading educational resources, including articles, tutorials, and webinars, to help users enhance their understanding of cryptocurrency trading and the platform’s features.

  8. Promotions: Phemex VIP program, Institutional, Broker Program, Collaborator program, Referral friends, Welcome rewards, My rewards

Phemex Trading Fees and VIP

The Phemex VIP program is a reward system that offers lower trading fees and other benefits to traders who trade large volumes of crypto assets on the Phemex platform. 

The VIP program has different levels based on the rolling 30-day trading volume, and each level has its own maker and taker fee rates and exclusive privileges such as priority withdrawal, account manager, and product suggestions. 

Traders can apply for the VIP program by providing proof of their trading volume on other exchanges or by meeting the threshold on Phemex.

The VIP program applies to both spot and contract trading and supports the HT token, which is the native token of Phemex.

Phemex VIP Benefits

  • Trading Fee Discount (See tables below)
  • Account Priority
  • 1-on-1 Service
  • Exclusive Bonus
  • Prestige
  • Phemex Merch

Compare all the best crypto exchange VIP programs and trading fees discounts.

Derivative Contracts

Spot Trading

Phemex Spot and Margin Trading

Spot Trading

  • 270 Trading Spot Markets
  • 187 Listed Cryptocurrencies

Margin Trading

  • 50+ Markets with up to 5x in margin trading

Compare the best exchanges for spot margin trading with leverage.

Phemex Derivative Trading

  • 211 Listed Perpetuals
  • 0 Listed Futures

Derivatives on Phemex

Phemex offers a variety of derivative trading products, including:

  • futures
  • perpetuals
  • options

The exchange also offers a variety of trading tools and features, such as charting tools, free trading bots, copy trading, order types, and margin trading.

How to Trade Derivatives on Phemex

To trade derivatives on Phemex, you must open an account and deposit funds. You can start trading by selecting a market, entering a trade order, and clicking the “Place Order” button.

Fees and Limits for Trading Derivatives on Phemex

Phemex charges various fees for trading derivatives, including maker, taker, and funding fees. The exchange also has various trading limits, varying depending on the product and your account level.

Tools and Features for Trading Derivatives on Phemex

Phemex offers a variety of trading tools and features, including:

  • Advanced charting tools: Phemex allows traders to visualize price movements and identify potential trading opportunities.

  • Order types: Phemex offers a variety of order types, including market orders, limit orders, stop orders, and take-profit orders.

  • Margin trading: Phemex allows traders to use leverage to amplify their potential returns.

Securing Your Funds and Account on Phemex

Phemex takes several security measures to protect your funds and account, including:

  • Multi-signature wallets: Phemex’s hot wallets are protected by multi-signature technology.

  • Cold storage: Phemex stores most of its user funds in cold storage.

  • Two-factor authentication (2FA): Phemex requires all users to enable 2FA for enhanced security.

  • Regular security audits: Phemex conducts regular security audits to identify and address potential vulnerabilities.

Phemex KYC Verification

Identity verification is not mandatory for now; you can s, still enjoy the Phemex services, such as spot trading, contract trading, deposits and withdrawals, ls.

Third party payments processors

However, Phemex has partnered with different payment processors (Banxa, ADVcash, Coinify, Moonpay, Simplex, and Mercury) for you to leverage their services to buy crypto.

Note that each third party has its respective conditions and fees, and the time to process your purchase may vary. As such, the partners might ask for a completed KYC or verified ID to comply with their respective local regulations.

See all the non-KYC exchanges and withdrawal limits.

Phemex Trading Competitions and Events

See all the latest crypto trading competitions and events.

Best Offers

*Terms and conditions apply. Read more on Offers page.

Hot Articles