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Phemex
Phemex Snapshot
A popular, worldwide crypto exchange offering exceptionally low trading fees.
Pros
- Flexible deposit terms
Cons
- Rates lower than other exchanges
Earn Rates
Check Yield data below to understand the source of these returns.
- BTC Bitcoin
- UP1 - 3% APYTiered up to 0.01 BTC
- ETH Ethereum
- UP1.5 - 3% APYTiered up to .02 ETH
- SOL Solana
- UP0.8 - 3% APY
- USDC/USDT Stablecoin
- DOWN2 - 10% APYTiered up to 500 USD
Pending US CLARITY ACT regulation specifies you cannot earn yield solely by holding stablecoins.
Max Rate Requirements
Lockup for 14 days
Trading Fees
- Maker Fee
- 0.01%
- Taker Fee
- 0.06%
Report inaccurate data for Phemex
Rate Alerts
Get notified when Phemex and other rates change. Delivered monthly.
Phemex Calculator
Estimates are based on Phemex current APY. Rates are subject to change.
How Phemex Generates Yield
Yield Mechanics
- Exchange
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Internal Exchange Business
Yield paid from the platform's operational revenue, including trading fees, market-making spreads, and interest charged to margin traders.
Risk & Custody
- Custody Model
- Custodial / Third Party
- Track Record
- Operational since 2019
Flexibility & Access
- Lockups
- Flexible
- Access
- Worldwide
Yield methods listed are based on best known platform data. Please note that a single platform may utilize different methods depending on the specific asset, product, or jurisdiction. Platforms may also update their yield strategies at any time.
Phemex Review
Phemex is a crypto exchange offering exceptionally low fees and powerful tools for trading.
Phemex Earn
Phemex Earn is a crypto lending product from Phemex.
Does Phemex require KYC?
Phemex does not require KYC, but it is limited in the amount of trading you can do.
Phemex FAQ
Is Phemex available in the USA?
Yes, Phemex is available in the USA.
Does Phemex pay compound yield?
No, yield is not compounded at Phemex.
Does Phemex pay interest on Bitcoin?
Yes, Phemex pays 1% APY on Bitcoin.
Does Phemex pay interest on Ethereum?
Yes, Phemex pays 1.5% APY on Ethereum.
Does Phemex pay rewards on stablecoins?
Yes, Phemex pays 2% APY on stablecoins like USDC and USDT.
Does Phemex pay interest on Solana?
Yes, Phemex pays 0.8% APY on Solana (SOL).
What are Phemex's trading fees?
Phemex charges a 0.01% maker fee and 0.06% taker fee.
Does Phemex offer a sign-up bonus?
Yes, $20 bonus
When was Phemex founded?
Phemex was founded in 2019.
Where is Phemex headquartered?
Phemex is headquartered in Singapore.
Where is Phemex available?
Worldwide
