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Rated 1 out of 5 stars

Hugely disappointed in Phemex. Looked a good exchange, put in contract to represent them and all was going well until they needed to pay me money for hitting targets.. they terminated the contract im... See more

Rated 1 out of 5 stars

I would steer clear of Phemex, one of the worst leveraged trading platforms there is. I am a successful trader with high percentage of wins. Once the platform recognised this, the app then begins to m... See more

Rated 1 out of 5 stars

Took my SOL happily, made it a nightmare to withdraw my own funds. Honesty I'm sick of using CEX, I am going to use DEX from now on because all this 2FA, KYC, 24 hour withdrawal holds, security checks... See more

Company replied

Rated 1 out of 5 stars

Phemex lures people in with promises of large sign-up bonuses, but there are very significant strings attached to virtually all of the offers (e.g., a requirement that you have to trade a cumulati... See more

Company replied

Company details

  1. Cryptocurrency Service
  2. Alternative Financial Services

Information provided by various external sources

Phemex is the fastest Bitcoin futures trading platform, founded by 8 Ex-Morgan Stanley Executives. No overload, no downtime. We provide 24/7 hours customer service support.


Contact info

You should know

2.3

Poor

TrustScore 2.5 out of 5

269 reviews

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Hasn’t replied to negative reviews

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Rated 4 out of 5 stars

Phemex

Phemex, my experience transacting here is honestly very easy to access especially for beginners like me, many good events await Traders for competition but the mistake of the withdrawal process, please speed up, thanks for the good work of the team, god bless you
#LetsReviewPhemex

7 April 2021
Unprompted review
Phemex logo

Reply from Phemex

Hi there, :)

Thank you for your feedback! We’re thrilled to hear that you find Phemex easy to use, especially as a beginner, and that you’re enjoying our events and competitions. We appreciate your suggestion regarding the withdrawal process and will continue working to improve the speed.

If you ever need assistance or have more feedback, feel free to reach out to us at support@phemex.zendesk.com.

Thanks again for your support, and happy trading!

The Phemex Team

Rated 1 out of 5 stars

BONUS IS FALSE

After having to chase the automatic bonus payment they have not paid the full bonus as promised 3 times by the support staff. They only paid 50%. I then traded with the 50% and the losses were taken from my currency and not the bonus. I believe this to be criminal.

7 April 2021
Unprompted review
Phemex logo

Reply from Phemex

Dear Darren,

apologies for the bad experience and we hope that meanwhile your bonus issue has been solved. If you have any remaining questions, please don´t hesitate to contact us again. 
We are available 24/7.

Kind regards,
Team Phemex

Rated 5 out of 5 stars

Phemex is an Excellent Plataform!

Phemex offers many benefits and opportunities for traders. The platform is very easy to use and suitable for both new and experienced traders.

7 April 2021
Unprompted review
Phemex logo

Reply from Phemex

Hi Alan, :)

Thank you for your wonderful review! We’re so glad to hear that you find Phemex easy to use and beneficial for both new and experienced traders. If you ever need any assistance or have feedback, feel free to reach out to us at support@phemex.zendesk.com.

Happy trading!
The Phemex Team

Rated 5 out of 5 stars

Phemex Exchanger Real Review.

Phemex Exchanger Real Review.

PHEMEX exchanger is a good exchanger. I trade here because it is a trusted exchanger. I like the exchanger if you want, you can use it to make a good profit income from online trading.
I have been using it for a long time. I have not seen any problem so far. I will suggest you to use PHEMEX exchanger and earn income by trading online. PHEMEX exchanger is a good exchanger inside the current online. So I will tell you if you want to earn income by trading with confidence then PHEMEX exchanger Do it without any problem. There is no possibility of eating dollar loch here. Because I have been using it for a long time, I have not read any problem. It is easy to sign up. You can easily sign up. The Fastest Crypto Exchange and Futures Trading Platform
Average trading volume per day have reached $ 574,000,000
Phemex offers a number of interesting services. The company began as a cryptocurrency derivatives exchange offering products such as Bitcoin perpetual contracts.

Phemex allows a maximum leverage of 100x on these products. This means that you can hold a position worth 100x more than your original investment. However, a very small change in price in the opposite direction can cause you to get liquidated and lose all your funds. This type of leverage is already offered by BitMEX and ByBit. Leveraged products are incredibly risky and must be used with careful consideration.

To help you manage this risk, Phemex offers tools such as take profit and stop loss conditional orders. With these orders you can define and improve your trading strategies while maximizing opportunities for profit.

Since May of 2020 Phemex also offer an innovative zero-fee spot trading service. With it, you can trade BTC, ETH, XRP, LINK, XTZ, LTC, ADA, TRX, ONT, BCH, and NEO against USDT on the platform without having to pay any commissions. Compare this to most popular exchanges that charge 0.10-0.50% each time you buy or sell a cryptocurrency.
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Phemex review
Phemex, founded in 2019, is one of the latest cryptocurrency and derivatives exchanges to join the industry. Already, they have gained a significant market share and offer interesting promotions. They directly compete with big names such as BitMEX, ByBit, and Binance. Can Phemex become a replacement for these exchanges? The availability of Phemex is subjected to regulation.

In this Phemex review you will learn all about the exchange, how to trade on it, and additional background information. You are also welcome to leave your own review at the end.
platform to trade...
As every one knows that phemex is a well known exchange for it's great airdrop distributions and offers for new and old users it provides us the opportunity to earn crypto currency with and without investment
Everyone getting their rewards on time as they promis.its easy to use friendly user dashboard easy to trade No need kyc its preety cool One of the best projects offers good opportunities for newbies. The project has goals, big plans for the future, and a strong reliable team.phemex project have a successful future.

4 April 2021
Unprompted review
Phemex logo

Reply from Phemex

Hi, Chisom. Thank you so much for your detailed and thoughtful review! We’re really glad to hear that your experience with Phemex has been positive over the years.

We also appreciate your feedback on the airdrop distributions and opportunities we provide for both new and experienced users. Our goal is to offer a seamless, secure, and rewarding experience for everyone, and we’re thrilled that you’ve noticed the efforts we’ve made to create a reliable and efficient platform.

We understand the importance of trust, and we’re grateful for the confidence you’ve placed in us. If you ever need any assistance or have any questions about trading or any of our services, don’t hesitate to reach out to our support team. We’re here to help!

Thanks again for your support, and we wish you continued success with your trades. Happy trading!

Rated 5 out of 5 stars

Very super app

4 April 2021
Unprompted review
Phemex logo

Reply from Phemex

Hi there, :)

Thank you for your awesome feedback! We're thrilled to hear that you think Phemex is a super app. If you ever need any help or have questions, feel free to reach out to us at support@phemex.zendesk.com.

Happy trading!

The Phemex Team

Rated 5 out of 5 stars

Phemex wallet is really one of the best reliable exchanger wallet

Ever i seen one of the best crypto Exchanger site is phemex wallet undoubtedly from my perspective 😍sometimes this site gave us incredible opportunity for earning money easily among them gleam.io this sites task. When we are complete there requirement task fulfil then we get entry and after some days there distribution there token and then we get lot of usd and also phemex exchanger most of the time give us giveway opportunity and they are randomly select there limited winner.Altemately i am received lot of money without investment. I am fulfill there task carefully and most of the time luckily i was the winner from giveway and few days ago they are gave us 15$ for complete there easy task. I can expected really i can't get but luckily yeah i am get 15$ easily.I was really very happy and excited then i Don't miss there any opportunity because trust that phemex and gleam.io are not fake there real and 100% there paying among there condition. I am continuously working with there all opportunity and i believe they are really in future working good and very helpful and earn Money easily from this project. Among Phemex wallet we can easily exchange our crypto and we can easily continue our trade in this wallet. To be honestly we are working with phemex because of that.actually i am not good at an English thats why I can't give the analysis as beautifully as I do.You can work with confidence in this wallet.I want to stay with this wallet for a long time because their service is very good.I am optimistic that phemex Wallet is going to give us something much better in the future.For this I will always be with all work phemex wallet.Those of you who don't know anything about phemex Wallet you are rihgt now you going to play store and search phemex wallet and install now then create a wallet.I hope you will find satisfaction in their work. First of all you have to create a wallet and then you can visit this wallet easily and this wallet really Maintain a strong privacy for trade that exchanger is one of the best exchanger wallet ever i seen that said again because i already got lot of good opportunity from this wallet and among this wallet you can free extra earn like me such as gleam.io site you are fillup there requirements and you get entry that is show your profile.if you are get more entry that is good for you because you can earn more usd so if you are dont join this For this reason, if you have not joined yet, join now.I suggested every crypto trader join fast dont miss pump opportunity from phemex that is 100% real and they gave us amazing offer among gleam.io so please i said that again and again dont miss there any opportunity. There regularly paying free usd from there some easiest task then you can earn loy of money from phemex.

2 April 2021
Unprompted review
Phemex logo

Reply from Phemex

Hi Mehzabie, :)

Thank you for your incredible review and for sharing your experience with Phemex! We’re so happy to hear that you’ve had great success with our platform, especially with the rewards and opportunities we offer, like the Gleam.io tasks and giveaways. It’s awesome that you’ve been able to earn without investment, and we appreciate your trust in us.

We’re also glad to hear that you’re enjoying the wallet and exchange features, and we’re excited to continue offering valuable opportunities in the future. If you ever need any assistance or have questions, feel free to reach out to us at support@phemex.zendesk.com.

Thank you for being part of the Phemex community, and happy trading!

The Phemex Team

Rated 5 out of 5 stars

First of all said that,phemex exchanger…

First of all said that,phemex exchanger site is really 100% realible and also very quickly we can exchange any crypto and also we can easily with trusted continue our trade for income money safely..sometimes this exchange give us lot amazing opportunity for earn money and sometimes give us giveaway that is really really pay able within there in time..thats wife i love this exchanger...i wish long time i have to stay phemex exchanger😍

2 April 2021
Unprompted review
Phemex logo

Reply from Phemex

Thank you so much for sharing your experience! Our team works hard to create a secure and efficient environment for traders, and we’re glad to see that you’ve had positive experiences with both our exchange and giveaways.

It’s great to know that you feel confident and safe while using Phemex, and we truly appreciate your loyalty. We’re excited to continue supporting your trading journey, and we hope to be your go-to platform for many years to come! If you ever have any questions or need assistance, don't hesitate to reach out. Happy trading and best of luck! 😊

Rated 5 out of 5 stars

Excellent crypto trading platform and app

I've started to use Phemex for Crypto trading since early 2021.I have to say this app is my favourite one compare to Binance and Bybit. I specifically like the app designed, it's smart phone friendly. Because of my job, I do need to use my phone to set up trades when I don't have a PC with me. Before my experience with Phemex, I had tried Bybit, unfortunately their website on phone didn't show 2 excuted trades which caused me explosed my account. Phemex never let me down. I recommend Phemex's platform and mobile app to anyone who are willing to do crypto trades. They also have many excellent events which give people chance to win pretty good rewards up to 100k USD . The only issue is deposit transaction part (Fiat transfer fees are bit high due to 3rd party charges) but they provide 80 USD bonus to cover your transaction fees under certain conditions. Overall Phemex is a good choice for experienced traders.

1 April 2021
Unprompted review
Phemex logo

Reply from Phemex

Hi there,

Thank you for the fantastic review! We’re so glad to hear that Phemex has become your go-to platform for crypto trading and that our mobile app has been helpful for you on the go. It’s great to know that we’ve been able to meet your expectations, especially compared to your past experiences.

We appreciate your feedback on the fiat deposit fees and will continue working to improve the experience. If you ever need assistance or have any questions, feel free to reach out to us at support@phemex.zendesk.com.

Happy trading!
The Phemex Team

Rated 5 out of 5 stars

I am very happy to use this exchange

I am very happy to use this exchange. I have used many exchanges but I have not found such joy in any of them. This is a very good exchange. I also tell everyone that once you come, it will be very good. This website is very beautiful. The design is also very beautiful. It is very safe to keep money here. The menus on the website are very nice.It's great airdrop distributions and offers for new and old users it provides us the opportunity to earn crypto currency with and without investment. Everyone getting their rewards on time as they promise. Easy to use dashboard, easy to trade. No need kyc. One of the best projects offers good opportunities for newbies. The project has goals, big plans for the future, and a strong reliable team. Phemex projects have a successful future

31 March 2021
Unprompted review
Phemex logo

Reply from Phemex

Hi there,

Thank you so much for the great feedback! We’re thrilled to hear you’re enjoying Phemex and finding our platform easy to use and secure. It’s awesome that you’re taking advantage of our airdrops and offers!

We’re committed to providing great opportunities and reliable service for the future. If you need any help, feel free to reach out at support@phemex.zendesk.com.

Happy trading!
The Phemex Team

Rated 5 out of 5 stars

It's great airdrop distributions and…

It's great airdrop distributions and offers for new and old users it provides us the opportunity to earn crypto currency with and without investment. Everyone getting their rewards on time as they promise. Easy to use dashboard, easy to trade. No need kyc. One of the best projects offers good opportunities for newbies. The project has goals, big plans for the future, and a strong reliable team. Phemex projects have a successful future

28 March 2021
Unprompted review
Phemex logo

Reply from Phemex

Hi there, :)

Thank you for your fantastic review! We’re thrilled to hear that you’re enjoying the airdrops and offers we provide, giving both new and experienced users opportunities to earn cryptocurrency, with or without investment. It’s great to know you’re finding our platform easy to use and appreciate the timely rewards we deliver.

We’re excited about the future and committed to continuing to offer great opportunities and features, all while maintaining a strong, reliable team. If you have any questions or need assistance, feel free to reach out to us at support@phemex.zendesk.com.

Here’s to a bright future with Phemex! 🚀
The Phemex Team

Rated 5 out of 5 stars

Congrats for most promting & Greetings…

Congrats for most promting & Greetings for your Project.We are more exciting & awaiting for your bonus.
Phemex is a wonderful trading platform. And It's User friendly experience. No Required for kyc verification. Phemex recently announced as more competition/Airdrops. Phemex give a Airdrops for each and every users.

27 March 2021
Unprompted review
Phemex logo

Reply from Phemex

Hi there, :)

Thank you for your kind words and support! We’re so glad to hear that you’re enjoying Phemex’s user-friendly platform and appreciate our airdrops and competitions. Your excitement motivates us to keep delivering the best trading experience possible.

If you have any questions, feedback, or need assistance, feel free to contact us anytime at support@phemex.zendesk.com.

The Phemex Team

Rated 5 out of 5 stars

Phemex is one of the best crypto wallet…

Phemex is onr of the best crypto wallet i ever seen they share to many drop and all are paid i hope they also share their own token like sfp twt bnb and all together they also make good blockchain command and their service is all up to the mark next we all goin the moom woth phemex good luck go ahead

26 March 2021
Unprompted review
Phemex logo

Reply from Phemex


Hi there, :)

Thank you for your enthusiastic review! We’re thrilled to hear that you think so highly of Phemex and enjoy the rewards and features we offer. Your suggestion about launching our own token is noted, and we’re always looking for ways to bring more value to our users.

We’re committed to maintaining top-notch service and exploring exciting opportunities for the future. If you have any questions or feedback, feel free to reach out to us at support@phemex.zendesk.com.

Here’s to reaching the moon together with Phemex! 🚀
The Phemex Team

Rated 5 out of 5 stars

Good platform to trade...

As every one knows that phemex is a well known exchange for it's great airdrop distributions and offers for new and old users it provides us the opportunity to earn crypto currency with and without investment
Everyone getting their rewards on time as they promis.its easy to use friendly user dashboard easy to trade No need kyc its preety cool One of the best projects offers good opportunities for newbies. The project has goals, big plans for the future, and a strong reliable team.phemex project have a successful future

26 March 2021
Unprompted review
Phemex logo

Reply from Phemex

Hi Bimal, :)

Thank you for your amazing review! We’re delighted to hear that you’re enjoying the trading experience on Phemex and appreciate our airdrops, offers, and user-friendly platform. It’s great to know that our rewards system and no-KYC option are meeting your expectations.

We’re excited about the future too and are committed to achieving our goals while continuing to provide excellent opportunities for both new and experienced users. If you ever have any questions, feedback, or need assistance, feel free to reach out to us at support@phemex.zendesk.com.

Happy trading!
The Phemex Team

Rated 5 out of 5 stars

Good and reliable exchange

18 March 2021
Unprompted review
Phemex logo

Reply from Phemex

Hi there, :)

Thank you for your feedback! We’re glad to hear you find Phemex to be a good and reliable exchange. If you ever have any questions or need assistance, feel free to reach out to us at support@phemex.zendesk.com.

Happy trading!
The Phemex Team

Rated 1 out of 5 stars

SCAMMERS WILL STEAL YOUR COIN!

SCAMMERS WILL STEAL YOUR COIN!! THEY OFFER GREAT PURCHASE RATES BUT ONCE YOU DEPOSIT YOUR COIN IT WILL COST YOU A FORTUNE TO GET IT OUT! THEY HAVE ONE AFTER ANOTHER OF UNLISTED FEES

1 March 2021
Unprompted review
Phemex logo

Reply from Phemex


Dear customer,

you will find more info about our withdrawal limits and fees on following link https://phemex.com/fees-conditions.
We offer for example zero withdrawal fees for USDT tr20. This could be a solution for you if you don`t wanna pay any withdrawal fees.

If you have any remaining questions, please don´t hesitate to contact us directly at www.phemex.com.
We are here 24/7 to support you.

Best regards,
Team Phemex

Rated 1 out of 5 stars

sketchy!!!!!!!

They say you cannot trade from US but they will still take your money for signing up with their services if you are from the USA, using a USA credit card, and they will not refund it.

They also will not let me delete my account.

25 February 2021
Unprompted review
Phemex logo

Reply from Phemex

Dear Private Private,

please kindly take a look at our Terms of Agreements:
If you are located in or if you are a resident of the United States of America, United Kingdom, Québec (Canada), Cuba, Crimea, Sevastopol, Iran, Syria, North Korea, Sudan, China, Hong Kong, Republic of Seychelles, Bermuda, or any other jurisdiction where the Services offered by Phemex are restricted, you understand and acknowledge that you are prohibited from holding positions or entering into contracts at Phemex. You also understand and acknowledge that if it is determined that any Phemex trading participant has given false representation as to their location or residence, Phemex reserves the right to close any offending accounts immediately and to liquidate any open positions.
https://phemex.com/references/articles/phemex-terms-of-use

We hope meanwhile that your issue has been solved and the account deletion was successful.
If you have any remaining questions, please don´t hesitate to contact us directly at www.phemex.com.
We have a live support and we are available 24/7 or you can write us an email at support@phemex.zendesk.com

Best regards,
Team Phemex

Rated 5 out of 5 stars

Excelent app and exchange

4 February 2021
Unprompted review
Phemex logo

Reply from Phemex

Hi there, :)

Thank you for your kind words! We’re thrilled to hear you’re enjoying the Phemex app and exchange. If you ever have any questions, need assistance, or want to share feedback, feel free to reach out.

Happy trading!
The Phemex Team

Rated 1 out of 5 stars

bait & switch dishonest business model

Phemex is a bait and switch dishonest business model claiming to have 0% fees on spot trading. What they do instead is have a gap where they don't show you the quotes where transactions are being placed. They are missing the top 10 or bottom 10 so you are always overpaying for the trade. When you place a market trade is far above the market where other trades are being processed. Pyramid scheme of getting others to sign up and sharing commissions which outlines that they actually do charge very high fees. On their page related to starting your own business of Phemex All Stars "The customer makes one trade worth $1,000 and pays 0.25% in fees, equivalent to $2.5." Meaning you are actually paying high than others which is often .1% On top of that the trading platform is mediocre UI. As if all that weren't bad enough they want to charge you a monthly fee because you imagine you are getting 0% fees. Great business model for their own profits horrible everything for actual customers.

22 January 2021
Unprompted review
Phemex logo

Reply from Phemex

Dear Boyd,

users can indeed spot trade for zero trading fees (Daily limit:1,000,000 Monthly limit:5,000,000).
More info on following link https://phemex.com/premium.

If you want to save trading fees you might wanna use a limit order instead a market order.
Market orders are more expensive and they will grab the next possible price in the orderbooks.
The next possible price depends also on the current volatility of the market and the available liquidity.
https://phemex.com/user-guides/how-do-market-orders-fill
https://phemex.com/user-guides/how-do-limit-orders-fill

What is Phemex’s Fee Structure?
Phemex has a fee structure that entails a -0.025% maker fee and a 0.075% taker fee.
Essentially, in this case, market makers are incentivized for providing liquidity,
while market takers pay a fee to have access to the liquidity and depth that market makers provide.
https://phemex.com/academy/market-makers-vs-market-takers.

Please visit our academy if you wish to learn more about trading in general https://phemex.com/academy.

Currently users also can get a trading bonus for learning https://phemex.com/learn-crypto.

If you have any remaining questions, please don´t hesitate to contact us directly at www.phemex.com.
We are here 24/7 to support you and hope to see you soon again.

Kind regards,
Team Phemex

Rated 5 out of 5 stars

Iam using this crypto exchange since 3…

Iam using this crypto exchange since 3 months, iam impressed from it because its very easy to understand and i trust this company.

25 December 2020
Unprompted review
Phemex logo

Reply from Phemex

Thank you for your feedback! We’re glad to hear you’ve had a positive experience with Phemex. If you ever need assistance, feel free to reach out. Happy trading!

Rated 4 out of 5 stars

A good exchange, but no app.

I used this exchange for several months. Totally legit, decent and fair. The fees they charge are about average. I was impressed by the speedy work of the platform! There's a 100X leverage for those who is really experienced. I only left it because there was no mobile application, it wasn't convenient at all not to to check your trades when you're not at your pc.

1 December 2020
Unprompted review
Phemex logo

Reply from Phemex

Hi there :)

Thank you for your detailed review! We're glad you found Phemex to be legit, fair, and efficient, and that you appreciated our platform's features like 100x leverage. We completely understand how important convenience is, and we’re happy to share that we now have a mobile app for on-the-go trading. We’d love for you to give it a try and see if it meets your expectations.

If you have any questions or feedback, don’t hesitate to reach out. Happy trading!

The Phemex Team

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