Phemex: Crypto & BTC Trading 5.5.18

Phemex – Freeware – Android iOS
out of 2171 votes

Phemex: A Seamless Trading Experience in Cryptocurrency

Boris Weber

05/08/2025

Phemex offers an intuitive platform for cryptocurrency and Bitcoin trading, combining robust security features with a user-friendly interface for both beginners and seasoned traders.

Phemex is a prominent cryptocurrency exchange that specializes in spot and derivatives trading. It offers over 140 USDT-margined contract trading pairs with up to 100x leverage, all supporting Hedge Mode, as well as more than 300 popular spot trading pairs. Phemex allows individuals from around the world to easily buy, sell, and trade blockchain cryptocurrency on a secure and user-friendly platform.

Phemex is also at the forefront of innovation, incorporating decentralized mechanisms into its existing operations. It is moving towards Web3 by integrating soulbound token technology, DAO governance, and the development of its own platform token. Additionally, Phemex has implemented transparent Merkle-Tree Proof-of-Reserves, allowing users to verify on the blockchain that all funds are fully backed on the platform. With its unique, self-proving approach to both proof-of-reserves and proof-of-solvency, Phemex stands out as one of the most reliable and trustworthy crypto exchanges.

The Phemex Bitcoin (BTC) & Crypto Trading App offers a range of features:

Buy Crypto with Credit & Debit Cards, Bank Transfer, P2P, or other payment methods.
Derivatives (Perpetual Contract) trading with up to 100x leverage and settled in USDT, USD, BTC, or ETH.
Hedge Mode is supported for all USDT-margined perpetual contracts.
Earn Bitcoin, USDT, and other cryptos with up to 10% APY interest for passive income.
Conveniently monitor your blockchain portfolio with customizable charts.

Phemex also offers a Crypto Welcome Bonus which grants users access to 100 Million xPT and $50 Welcome Rewards upon making a deposit. Additionally, their Collaborator Affiliate Program allows users to earn up to 50% in commissions on all trading fees collected from their referral network.

Phemex currently supports over 300 spot coins on the blockchain, including popular cryptocurrencies such as BTC (Bitcoin), USDT, ETH (Ethereum), DOT (Polkadot), LINK (Chainlink), and many more. They also offer 140+ perpetual contract markets for trading.

The platform boasts several notable features:

Education: Users can watch short introductory videos about crypto and answer quiz questions to earn cryptocurrency. They can also explore the Phemex Academy for further blockchain knowledge and access the latest Crypto News on the app.
High Performance: With a transaction capacity of 300k per second and order response times of less than 1 millisecond.
Advanced Functionalities: FIX API for institutional traders and Sub-Accounts for quantitative traders.
Strongest Bitcoin Wallet Security: All assets are stored in cold wallets, and transfers require 2-level human scrutiny with offline signatures.
Access and Support: 24x7 live multilingual support is available, and transfers from Solana Phantom Wallet are supported.

Phemex prioritizes account security by implementing measures to ensure the safety of user assets. This includes wallet security, system security, user account security, and trading engine security. With every withdrawal being closely monitored on the blockchain and requiring two-person approval with offline signatures, Phemex's executive team's extensive Wall Street risk management experience aids in detecting and responding to any malicious actions that may occur.

To learn more about Phemex's commitment to security, visit their website here.

Overview

Phemex: Crypto & BTC Trading is a Freeware software in the category Business developed by Phemex.

The latest version of Phemex: Crypto & BTC Trading is 5.5.18, released on 07/03/2024. It was initially added to our database on 10/10/2023.

Phemex: Crypto & BTC Trading runs on the following operating systems: Android/iOS.

Users of Phemex: Crypto & BTC Trading gave it a rating of 5 out of 5 stars.

Pros

User-friendly interface suitable for both beginners and experienced traders
Offers a wide range of cryptocurrencies for trading
Competitive trading fees and fee discounts for certain account types or trading volumes
Advanced trading features such as margin trading and derivatives
Robust security measures including two-factor authentication and cold storage

Cons

Limited availability of certain features in some jurisdictions
Learning curve for new traders especially with derivatives trading
Customer support can be slow or less responsive at times
Could have more educational resources for newcomers to crypto trading

FAQ

What is Phemex?

Phemex is a cryptocurrency exchange that allows users to trade Bitcoin and other cryptocurrencies with various trading options, including spot and derivatives trading.

Is Phemex safe to use?

Yes, Phemex employs industry-standard security measures, including cold storage, two-factor authentication (2FA), and regular security audits to protect user funds.

What cryptocurrencies can I trade on Phemex?

Phemex offers a variety of cryptocurrencies for trading, including Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and others.

Does Phemex offer leverage trading?

Yes, Phemex allows leverage trading for various trading pairs, enabling users to amplify their potential returns by borrowing funds to increase their position size.

What are the trading fees on Phemex?

Phemex offers competitive trading fees, typically charging a flat fee for both makers and takers. Fee rates may vary based on the user's trading volume.

Can I use fiat currency to deposit on Phemex?

Yes, Phemex allows users to deposit fiat currencies through bank transfers and certain payment processors, depending on the user's location.

Is there a mobile app for Phemex?

Yes, Phemex provides a mobile application available for both iOS and Android devices, allowing users to trade on-the-go.

What customer support options does Phemex provide?

Phemex offers customer support through live chat, email support, and a comprehensive help center with articles and guides.

Is there a minimum deposit requirement on Phemex?

There is no minimum deposit requirement for cryptocurrency deposits; however, the minimum withdrawal amount may vary by cryptocurrency.

Does Phemex have an affiliate program?

Yes, Phemex has an affiliate program that allows users to earn commissions by referring new traders to the platform.

Boris Weber

I am an editor at UpdateStar. I started as a support engineer, and am now specialized in writing about general software topics from a usability and performance angle among others. I telecommute from UpdateStar’s Berlin office, when I am not working remote as a digital nomad for UpdateStar. When I'm not analyzing the latest software updates, you can find me exploring new cities, immersing myself in local cultures, and discovering innovative tech trends across the globe.

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