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Phemex vs Binance

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

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
VS
Binance

Binance

Binance is the largest cryptocurrency exchange globally, offering a robust platform with competitive maker and taker fees that vary based on the user&...

Score4.0

General

Platform
Phemexlogo
Binancelogo
Founded
Phemex2019
Binance2017
Headquarters
PhemexSingapore
BinanceAbu Dhabi, UAE
Availability
PhemexRestricted in the U.S., UK, Australia and other listed jurisdictions; Canadian restrictions include Ontario, Quebec, Alberta and Saskatchewan.
BinanceWorldwide, excluding US

Fees & Financial

Bonus
Phemex$20 bonus
Binance
Token
Phemex
BinanceBNB
Compounding
PhemexNo
BinanceNo
Payouts
Phemex
BinanceDaily
Fees
Phemex
Binance
Lockup
Phemex
BinanceFlexible
Maker Fee
Phemex0.1
Binance
Taker Fee
Phemex0.1
Binance

Cryptocurrency Rates

BTC Rate
Phemex1%
Binance
BTC Max
Phemex3%
Binance
ETH Rate
Phemex1.5%
Binance
ETH Max
Phemex3%
Binance
Stablecoin Rate
Phemex2%
Binance

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

Binance

Review

Pros

  • World’s largest exchange
  • Wide variety of earn products

Cons

  • Not available in the US
  • Regulatory history has been complex