Founded in 2019, Phemex is a centralized cryptocurrency exchange with over 10 million users across 150+ countries. The platform offers spot trading, derivatives trading, copy trading, and wealth management products. Phemex maintains a 100% Proof-of-Reserves and provides web and mobile interfaces, along with trading tools and order types used for execution and risk management. Phemex also offers order types and trading tools commonly used for execution and risk management, alongside account features related to portfolio and product access.
Phemex has a trust score of 8/10 on CoinGecko, ranking #35 globally. Trust score is based on web traffic, volume legitimacy, cybersecurity practices, and API data quality.
What are Phemex trading fees?
Phemex charges a maker fee of 0.2% and a taker fee of 0.2%. Fees may be reduced by holding the exchange's native token or using a referral code.
Does Phemex require KYC?
Yes, Phemex requires identity verification (KYC) to access full trading and withdrawal features.
Does Phemex offer derivatives trading?
Phemex currently focuses on spot trading and does not offer derivatives products.
