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Arch Lending vs Phemex

Compare rates, fees, access, and key features side by side.

Arch Lending

Arch Lending

Arch Lending is a crypto-backed lending platform founded in 2022 and headquartered in New York, NY. It allows users to borrow USD or USDC using digita...

Score3.9
VS
Phemex

Phemex

Quick takePhemex offers Flexible Savings and a separate lending pool where supplied assets earn interest from borrowers. Flexible Savings can be redee...

Score4.3

General

Platform
Arch Lendinglogo
Phemexlogo
Founded
Arch Lending2022
Phemex2019
Headquarters
Arch LendingNew York, NY
PhemexSingapore
Availability
Arch LendingUS
PhemexRestricted in the U.S., UK, Australia and other listed jurisdictions; Canadian restrictions include Ontario, Quebec, Alberta and Saskatchewan.

Fees & Financial

Bonus
Arch Lending
Phemex$20 bonus
Token
Arch Lending
Phemex
Compounding
Arch LendingNo
PhemexNo
Payouts
Arch Lending
Phemex
Fees
Arch Lending
Phemex
Lockup
Arch Lending
Phemex
Maker Fee
Arch Lending
Phemex0.1
Taker Fee
Arch Lending
Phemex0.1

Cryptocurrency Rates

BTC Rate
Arch Lending
Phemex1%
BTC Max
Arch Lending
Phemex3%
ETH Rate
Arch Lending
Phemex1.5%
ETH Max
Arch Lending
Phemex3%
Stablecoin Rate
Arch Lending
Phemex2%

Arch Lending

Review

Pros

  • Multi-asset collateral accepted (BTC, ETH, SOL)
  • No credit checks required

Cons

  • Loans only, no earn product

Phemex

Review

Pros

  • Flexible Savings permits redemption without a lockups
  • Auto-Transfer can allocate eligible idle balances automatically

Cons

  • KYC is required
  • Phemex does not serve U.S. customers