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Phemex vs Liquid

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

Phemex

Phemex

Phemex is a crypto exchange offering exceptionally low fees and powerful tools for trading.Phemex EarnPhemex Earn is a crypto lending product from Phe...

CIR score4.3
VS
Liquid

Liquid

Liquid is a non-custodial trading and yield platform launched in 2025. While best known for its high-leverage trading, it also offers a Vault product ...

CIR score4.2

General

Platform
Phemexlogo
Liquidlogo
Founded
Phemex2019
Liquid2025
Headquarters
PhemexSingapore
LiquidDelaware, US
Availability
PhemexWorldwide, excluding US
LiquidWorldwide excluding US and Ontario

Fees & Financial

Bonus
Phemex$20 bonus
Liquid10% discount on fees with referral code: CIR
Token
Phemex
Liquid
Compounding
PhemexNo
LiquidNo
Payouts
Phemex
Liquid
Fees
Phemex
Liquid
Lockup
Phemex
Liquid4 day minimum
Maker Fee
Phemex0.01
Liquid0.07
Taker Fee
Phemex0.06
Liquid0.045

Cryptocurrency Rates

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

Phemex

Review

Pros

  • Flexible deposit terms

Cons

  • Rates lower than other exchanges

Liquid

Review

Pros

  • Non-custodial with automated vault strategies
  • Targets 10%+ APY on USDC

Cons

  • Yield targets not guaranteed