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54 Best Phemex Crypto Exchange Alternatives

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What is Phemex?

Phemex operates as a crypto derivatives trading platform and also acts as a professional/trustworthy global cryptocurrency derivatives exchange. This platform offers Bitcoin, Ethereum, Ripple, and Chainlink perpetual contracts, with up to 100x leverage.

In essence, The Phemex cryptocurrency exchange is a full-service platform that offers leveraged trading up to 100 times your initial investment amount and accepts deposits from credit cards. It provides users with ways to earn interest, and it offers free real-time trades for premium members.

It offers an ‘All-Star commission system’ to help All-Stars track their progress in detail and also offers high-quality media materials to help All-Stars achieve better results. Additionally, Phemex helps All-Stars attract new users by offering a new user bonus of up to $100.

The mobile and desktop versions of the Phemex app have an embedded wallet for deposits that can be used for either spot or contract trading. It also supports transfers of over 34 cryptocurrency trading pairs for spot trading and 37 for contract trading from other digital wallets and trading exchanges but provides different ways to deposit assets. Some of the coins and tokens available for either type of trading include:

Phemex App Overview

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Dogecoin (DOGE)
  • Cardano (ADA)
  • Litecoin (LTC)
  • ChainLink (LINK)
  • Aave (AAVE)
  • USD Coin (USDC)
  • Bitcoin Cash (BCH)
  • Litecoin (LTC)
  • TetherUS (USDT)

is Phemex Legal in US?

Meanwhile, U.S. residents can use Phemex, but it is best to confirm if your state allows the exchange. (which means that Phemex is legal in some parts of the US)

Phemex Review

This cryptocurrency exchange is a good fit for experienced investors looking for advanced features which include:

Features

High Performance

Offers high performance of about 300k transactions per second (TPS), with order response times of less than 1 millisecond.

Advanced Functionalities

FIX API for institutional traders and Sub-Accounts for quantitative traders.

Strongest Wallet Security

Cold wallet storage and Transfers require 2-level human scrutiny with offline signatures.

Access and Support

24 x 7 live multilingual support is also available on Telegram and Twitter.

Is Phemex Legit?

This crypto exchange app is a legit and safe platform that ensures the safety of every single account as Phemex’s top priority. They offer the following:

  • Wallet Security
  • System Security
  • User Account Security
  • Trading Engine Security

More so, all assets are 100% stored in cold wallets and each withdrawal is thoroughly monitored and requires two-person approval with offline signatures. With the executive team’s advanced Wall Street risk management experience, malicious actions are easily detected and protective measures are quickly deployed.

Use the below invitation code when registering a new account with the platform and with a Phemex premium account you can trade on the spot exchange with zero fees. Also, for contract trading, It supports leverage of max, 100x with a BTC or USDT settlement.

Phemex Invitation Code: 16JMJ3
Discount / Bonus Total bonus of 80 USD + Phemex Premium
Duration Unknown
Conditions For all customers

Pros

  • Low fees
  • Highly-rated mobile app
  • Allows real-time “spot” investing
  • Fiat-to-crypto purchases
  • Accepts deposits in different cryptocurrencies

Cons

  • Complex fee structure
  • Requires withdrawal fees for most cryptos
  • Minimum withdrawal amounts
  • Does not currently offer lending services

Phemex Fees

Coin Minimum Deposit Minimum Withdrawal Limit Withdrawal Fee
BTC 0.00000001 BTC 0.001 BTC 0.00057 BTC
USDT – TRC20 0.00000001 USDT 2 USDT 0 USDT
USDT – ERC20 0.00000001 USDT 2 USDT 10 USDT
ETH 0.00000001 ETH 0.02 ETH 0.0036 ETH
XRP 0.00000001 XRP 0.5 XRP 0.45 XRP
LINK 0.00000001 LINK 0.5 LINK 0.25 LINK
XTZ 0.00000001 XTZ 1 XTZ 0.65 XTZ
LTC 0.00000001 LTC 0.002 LTC 0.001 LTC
ADA 0.00000001 ADA 2 ADA 1 ADA
TRX 0.00000001 TRX 2 TRX 1 TRX
ONT 0.00000001 ONT 2 ONT 1 ONT
BCH 0.00000001 BCH 0.002 BCH 0.001 BCH
NEO 0.00000001 NEO 1 NEO 0 NEO
EOS 0.00000001 EOS 0.2 EOS 0.1 EOS
DOGE 0.00000001 DOGE 100 DOGE 5 DOGE
BAT 0.00000001 BAT 32 BAT 24 BAT
CHZ 0.00000001 CHZ 92 CHZ 71 CHZ
MANA 0.00000001 MANA 44 MANA 23 MANA
ENJ 0.00000001 ENJ 16 ENJ 12 ENJ
SUSHI 0.00000001 SUSHI 2.8 SUSHI 1.58 SUSHI
SNX 0.00000001 SNX 3.36 SNX 2.95 SNX
GRT 0.00000001 GRT 22 GRT 25 GRT
UNI 0.00000001 UNI 1.4 UNI 0.72 UNI
AAVE 0.00000001 AAVE 0.26 AAVE 0.099 AAVE
YFI 0.00000001 YFI 0.001 YFI 0.00044 YFI
COMP 0.00000001 COMP 0.09 COMP 0.046 COMP
MKR 0.00000001 MKR 0.002 MKR 0.0055 MKR
ATOM 0.000001 ATOM 0.01 ATOM 0.005 ATOM
LUNA 0.000001 LUNA 5 LUNA 0.02 LUNA
FIL 0.00000001 FIL 0.01 FIL 0.001 FIL
ZEC 0.00000001 ZEC 0.01 ZEC 0.001 ZEC
QTUM 0.00000001 QTUM 0.02 QTUM 0.01 QTUM
DOT 2 DOT 3 DOT 0.1 DOT
KSM 0.1 KSM 0.1 KSM 0.01 KSM
XLM 0.00000001 XLM 40 XLM 0.02 XLM
ALGO 0.00000001 ALGO 10 ALGO 0.01 ALGO

54 Best Phemex Alternatives

ExMarkets

ExMarkets

ExMarkets is a crypto exchange that is located in the British Virgin Islands and launched in 2018. The company behind.

Features

  • Android & iOS Mobile App
  • Minimal Trading Fees
  • Lowest Withdrawal Fees
  • Multiple Deposit Methods
Hotbit

Hotbit

Hotbit exchange has partnered with some popular partners in the blockchain technology industry like Spark Pool, Mytoken, F2pool, HashQuark, and.

Features

  • 1.5+ Million Users
  • 156 Cryptos For Trading
  • Mobile App For Android & iOS
  • Low Trading Fees
SFOX

SFOX

What is SFOX? SFOX is referred to as a cryptocurrency prime dealer and crypto exchange platform that provides you with.

Features

  • Transparency Across The Markets
  • Fast Trades Execution
  • Better Customer Service
  • Global Crypto Market Access With 1 Account
TradeOgre

TradeOgre

What is TradeOgre? TradeOgre is a cryptocurrency exchange platform that has adopted a centralized approach toward the crypto exchange program..

Features

  • Extensive Crypto Support
  • Minimal Fees
WhiteBIT

WhiteBIT

WhiteBIT Exchange is a universal platform for exchanging and trading cryptocurrencies. It operates as an exchange from Estonia with a.

Features

  • Secure Trading
  • Fast Authentication
  • Convenient KYC Procedure
  • 24/7 Support
Fold App

Fold App

We all love to shop online, as it saves time. And top of all, many times this shopping ends with.

Features

  • Win Upto 1 Bitcoin
  • Limitless Rewards & Cashback
  • Earn Satoshis
  • Referral / Affiliate Program
CoinSpot

CoinSpot

CoinSpot has been a forefront option in digital currency in Australia almost since 2013 and was founded by Russell Wilson..

Features

  • Easy Account Setup
  • 340+ Cryptocurrencies Supported
  • Vivid Deposit Methods
  • Minimal Trading Fees
EXX

EXX

What is EXX? EXX, also called Exchange X, is a Hong Kong headquartered crypto exchange platform. It was launched in.

Features

  • Zero Deposit Fees
  • 50+ Cryptos Supported
  • Zero Withdrawal Charges
Tauros

Tauros

What is Tauros Tauros is one of the many cryptocurrency exchange apps/software that allow people to trade or exchange their.

Features

  • Clear Charts & Indicators
  • High Level Trading Security
  • Easy User Interface
  • Wide Crypto Varieties
DigiFinex

DigiFinex

The cryptocurrency planet is expanding rapidly with every bit of seconds; along with this, the race of choosing the best.

Features

  • Spot Trading
  • Insurance Fund
  • Credit Cards Supported
  • 100+ Cryptocurrencies For Trading
CoinTiger

CoinTiger

CoinTiger is one of the well-known cryptocurrency exchange platforms in the world. The company was established in December 2017 in.

Features

  • Flexible Order
  • Better Security
  • Multiple Devices Support
  • Support Various Crypto For Trading
BitSeven Logo

BitSeven

BitSeven is a crypto exchange company located in Zurich (Switzerland), Belize City, Belize (Central America), and Tsim Sha Tsui (Hong.

Features

  • Offers Leveraged Trading
  • Cross Platform Compatibility
  • Better Security
  • Worldwide Coverage For Crypto Trader
BigONE

BigONE

BigONE is a crypto exchange that is referred to as a global digital currency market information hub with 5 years.

Features

  • Support Multiple Cryptos
  • Real Time Market Update
  • 365 * 24/7 Support
  • Multilingual Customer Service
BitForex

BitForex

What Is BitForex? BitForex is referred to as a digital asset cryptocurrency exchange offering perpetual and spot futures contracts that.

Features

  • Offers 220+ Cryptos
  • Robust & Secure Mobile App
  • Support Fiat Currencies
  • Extensive Customer Support
CoinSmart

CoinSmart

CoinSmart is referred to as a leading digital asset trading platform in Canada that is dedicated to providing customers with.

Features

  • Fast & Easy Registration
  • Backed by 2 Canadian Banks
  • Advanced Trading Features
  • Idle for All Type of Investors
StormGain

StormGain

StormGain is an all-in-one crypto exchange platform available for everyone and serves as an on-hand solution for those who want.

Features

  • User Friendly Interface
  • 24/7 Customer Support
  • Loyalty Program
  • Mobile Trading

Deribit

Deribit started as a bitcoin futures and options platform and then it was realized that more services could be offered.

Features

  • Trade History
  • Various Trading Options
  • Support Different Order Types
Shakepay

Shakepay

Shakepay allows Canadians to buy and sell digital cryptocurrencies in minutes at their comfort. It allows you to buy your.

Features

  • $0 Commission
  • Rapid Verification
  • Free Bitcoin
  • Instant eTransfers
Bitbuy

Bitbuy

What is Bitbuy? Bitbuy is the leading canadian digital currency trading platform. It currently offers deep liquidity across 10+ spot.

Features

  • No minimum deposits
  • Referral & affiliates program
  • Excellent customer support
  • Easy to use platfrom for everyone
Altrady

Altrady

We bet you heard about the term cryptocurrency, as almost half of the world is into it, and the other.

Features

  • 100% Fund Protection
  • Advanced Automation
  • Numerous Exchanges Options
  • Fast & Reliable App
YoBit

YoBit

YoBit is a cryptocurrency exchange platform to buy and sell cryptocurrency without KYC with fiat money support. YoBit.net exchange was.

Features

  • Friendly UI
  • 365 * 24/7 Customer Support
  • Multi-lingual Chat Supports
  • Fast & Easy Registration
Paybis

Paybis

What is Paybis? Paybis is a bitcoin exchange platform that is based in the UK which aims at providing liquidity.

Features

  • Low Commissions
  • 24/7 Support
  • Fast Security Checks
  • Instant Payouts
Coinmama

Coinmama

What is Coinmama? Coinmama is a cryptocurrency exchange app that allows individuals and companies to buy and sell bitcoin and.

Features

  • Diverse Payment Options
  • Fast Track Verification
  • Instant Delivery
  • Simplicity
Webull Logo

Webull Crypto

According to Google, there are about 6,000 cryptocurrencies and 37 blockchain companies in the world as of 2021. Among them,.

Features

  • In-depth Analysis
  • Zero Commission
  • Free Real-Time Quotes
  • Full Extended Hours Trading
Pionex

Pionex

Cryptocurrency is a new online trading option currently. Cryptocurrency is a digital currency where transactions are certified and maintained by.

Features

  • Pionex Trading Bot
  • Auto Trade Cryptocurrency
  • Live Chats
  • Favorites & Watch List
Paxful

Paxful

Cryptocurrency is one of the most successful online tradings we have in the 21st century. There are so many cryptocurrency.

Features

  • Online Wallets & Bank Transfers
  • Cash Payment
  • Purchase with Debit or Credit Cards
  • Trade With Secure Escrow
bitmex-alternatives

BitMEX

BitMEX is a crypto exchange that was founded in 2014. It is based in Seychelles. HDR Global Trading Limited is.

binance-alternatives

Binance

Binance is one of the biggest online crypto exchange platforms. It was launched in 2017, and it is based in.

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Bybit

This is another cryptocurrency derivatives platform. It was launched in 2018 on the British Virgin Island, but it is headquartered.

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PrimeXBT

Established in 2018, PrimeXBT is a Bitcoin exchange platform that is good for CFDs and cryptocurrencies. It was launched in.

coinbase-alternatives

Coinbase

Coinbase is a crypto exchange platform. They allow traders to buy, sell and store different cryptocurrencies for instance Bitcoin, Ethereum,.

changenow-alternatives

ChangeNOW

ChangeNOW is a crypto exchange platform that was launched in 2017. This is one of the interesting platforms that is.

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Kraken

Kraken is one of the popular and trusted crypto exchange platforms. It was founded in 2011, and it is based.

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AAX

AAX is a crypto exchange platform that has a transparent fee schedule for traders. The AAX platform is powered by.

bityard-2-tie-alternatives

Bityard

Bityard is one of the crypto exchange platforms that is recognized worldwide. It is regulated and licensed under Singapore’s Accounting.

Delta Exchange Logo

Delta Exchange

Delta Exchange is a cryptocurrency trading platform. It is ideal for Bitcoin and Altcoin futures. Delta Exchange offers a simplified.

Godex

Godex is another platform that is used for cryptocurrency trading. If you want to exchange anonymously, you should consider using.

FixedFloat

Fixedfloat is one of the newest cryptocurrency exchanges. However, it is worth using it. The platform was launched in 2018,.

BTCMEX

BTCMEX is one of the many cryptocurrency derivatives exchanges. It is registered in the Cayman Islands and that means it.

Cryptosteel

Cryptosteel: It is a device that is used to secure information.  Cryptosteel expands on its initial product, an open-source implementation.

LocalMonero

LocalMonero is a cryptocurrency exchange. It was launched in 2017, and it is based in the British Virgin Islands. LocalMonero.

fox.exchange

fox.exchange is a cryptocurrency exchange that allows you to trade without joining up or providing any identity credentials. You can.

Coincards

Coincards was created in 2014 with the aim of helping cryptocurrency holders or traders to spend their cryptocurrency at retailers..

Bexplus

BexPlus is another stable cryptocurrency trading platform that enables continuous Bitcoin trading. The platform was founded in 2017. Users may.

CoinPayments

Coinpayments is a payment gateway for transacting cryptocurrency. Users can transact more than 2000 cryptocurrencies on the platform such as.

Trezor

In August of 2014, Trezor, a Bitcoin hardware wallet, was released. It was the first Bitcoin hardware wallet, providing safe.

Cryptohopper

There are many people who want to venture into crypto trading with less trading experience. Some traders have experience but.

Changelly

Changelly is a cryptocurrency trading website that lets users trade, buy, and sell over 170 different cryptocurrencies. It was founded.

BaseFEX

BaseFEX is a cryptocurrency leverage exchange where traders may place orders effectively regardless of market conditions. Experts have created the.

Ledger Wallet

The Ledger Nano S, commonly known as the Ledger wallet, is a hardware cryptocurrency wallet that lets you keep your.

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NOWPayments

NOWPayments is a cryptocurrency payment gateway that allows you to take payments online in several cryptocurrencies. More than 50 currencies.

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BlockCard

Ternio, a blockchain start-up located in the United States, released Block card, a bitcoin debit card, in 2019. Ternio, which.

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Purse

Purse has quickly established itself as one of the most popular bitcoin providers. Almost everything can be purchased on Amazon..