Phemex Features

The list below is a high-level overview of all of the key features that underpin the Phemex crypto platform.

Phemex Review
  • Spot Trading: As one of the most comprehensive crypto trading platforms available, Phemex offers spot trading for over 300 pairs. This includes all major cryptocurrencies, as well as a wide range of altcoins, metaverse coins, DeFi assets and more.
  • Futures and Derivatives Trading: In addition to spot trading, Phemex also offers crypto futures trading, with up to 100x leverage on over 100 pairs. This allows traders to long or short assets to boost their trading gains (or losses).
  • Phemex Earn and Staking: Phemex offer two unique ways to earn interest on your crypto holdings. With Phemex Earn, you can deposit your crypto and earn high-interest payments in either USDT or USDC. With Phemex Savings, you can do the same except earn a lower interest while taking on less risk from what the exchange is doing with your coins.
  • Copy Trading: Copy trading is a feature that allows you to mirror the trades of other successful traders on the platform. This is a great way to learn from more experienced traders and to make profits without having to do all the legwork yourself.
  • Industry Leading Fees: Phemex charges some of the lowest fees in the industry, with maker fees as low as 0.025% and taker fees as low as 0.075%.
  • High Performance: Phemex is built on a high-performance trading engine that can handle up to 1 million transactions per second. This ensures that you will never have to worry about the platform being overloaded or experiencing any downtime.

Is Phemex Safe?

Phemex is a highly reputable and trusted crypto trading platform with a strong commitment to security. The platform employs a number of industry-leading security features, such as 2-factor authentication, multi-signature wallets and email encryption.

In addition, all user funds are held in cold storage offline, which means that they are never at risk of being hacked or stolen. Phemex also has a strict know-your-customer (KYC) policy in place, which requires all users to verify their identity before they can start trading on the platform. This helps to ensure that only legitimate users are using the platform and that there is no risk of fraud or money laundering.

Phemex Futures

The most popular feature on the Phemex platform is there futures trading product that allows users to trade perpetual futures contracts for over 100 coins. The Phemex Futures platform is currently the 9th largest in the world, with over $1.5 billion in daily trading volume. They are also one of the few exchanges that offer a rebate for Maker Orders, which means you earn 0.025% of your trade value for providing liquidity.

The Phemex Futures platform currently offers popular pairs like BTC/USD, ETH/USD, SOL/USD, AVAX/USD, ATOM/USD, LINK/USD, UNI/USD and many other top DeFi, Metaverse and GameFi projects.

Phemex Futures Review
Phemex Futures User Interface.

Customer Support

Phemex offers 24/7 customer support via both live chat and email. The customer support team is highly responsive and always on hand to answer any questions or queries you may have.

The platform also has an extensive FAQ section that covers all the most commonly asked questions, so you can quickly find the answers you need without having to contact customer support.

Phemex Fee Breakdown

Phemex charges some of the lowest fees in the industry, with maker fees as low as 0.025% and taker fees as low as 0.075%. There are also no deposit or withdrawal fees, and all crypto deposits are credited to your account immediately.

Phemex also offers a number of fee-related benefits, such as the maker-taker rebate program and the Phemex referral program. Under the maker-taker rebate program, makers (those who add liquidity to the order book) can earn up to 0.02% in rebates, while takers (those who take liquidity from the order book) can earn up to 0.075% in rebates. You can find more information here.

Phemex Referral Program

The Phemex referral program allows users to earn up to $120 worth of BTC for each new user that they refer to the platform. There is no limit to how many people you can refer, and there are no restrictions on who can join the referral program.

Final Thoughts

Phemex is a crypto trading platform that offers a wide range of features and benefits. The platform is highly reputable and trustworthy, with a strong commitment to security. Phemex also charges some of the lowest fees in the industry, and offers a number of fee-related benefits. Overall, Phemex is an excellent choice for both experienced and beginner traders.