27 Best Phemex Crypto Exchanges Alternatives
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:
- 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)
This cryptocurrency exchange is a good fit for experienced investors looking for advanced features which include:
Offers high performance of about 300k transactions per second (TPS), with order response times of less than 1 millisecond.
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|
|Conditions||For all customers|
- Low fees
- Highly-rated mobile app
- Allows real-time “spot” investing
- Fiat-to-crypto purchases
- Accepts deposits in different cryptocurrencies
- Complex fee structure
- Requires withdrawal fees for most cryptos
- Minimum withdrawal amounts
- Does not currently offer lending services
|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|