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Description

Phemex-The Fastest Crypto and Derivatives Exchange

Our Story
- Phemex's founders felt that something was missing in the cryptocurrency industry.
As both traders and professional investors, they realized that crypto companies lacked in professionalism, trust, and customer support. This is why Phemex was created with the goal of becoming a dependable company that constantly gives back to its users and its community. We work together every day to create a platform that allows people to make transactions with efficiency, simplicity, and more importantly, trust.

Our Mission
- To Empower everyone to manage risk efficiently and trade simply
From day one, our mission was and will always continue to be the empowerment of individuals. We want everyone in this world to have access to the right set of tools that will allow them to manage risk efficiently and trade simply. We sincerely believe this to be a fundamental right that all traders should enjoy.

Our Vision
- Become the most trustworthy cryptocurrency and derivatives trading platform
We see ourselves becoming a leading financial services provider in this industry, one that is unrivaled in trustworthiness, honesty, and integrity. Above all else, we wish to stand out for how we treat our customers. However, we will never compromise or abandon our firm commitment to deliver the highest level of quality products and services as we continue to grow with our community.

Derivative Trading:
- We currently offer six cryptocurrency perpetual contracts that include BTCUSD, ETHUSD, XRPUSD, LTCUSD, XTZUSD, and LINKUSD. In addition, we also offer our non-crypto GOLDUSD trading pair with more assets such as S&P 500 stocks, stock indexes, interest rates, FOREX, commodities, energy, and metals coming soon.

Spot Trading:
- Our customers can now instantly buy or sell cryptocurrencies on Phemex. Your wallet now accepts the same 6 cryptocurrencies we offer with our perpetual contracts plus the new addition of USDT. All cryptocurrencies in our spot exchange are traded against USDT.

Membership Program:
- To fulfill our vision and philosophy of always placing our client’s needs first, we are now the first in the industry to offer a membership model that allows traders to access all of our services including zero-fee spot trading for low-priced monthly membership plans that start at 9.9 USDT. Our goal is to maximize the value we deliver while minimizing the costs for our clients. With this model, Phemex will spearhead a transition into a New Era of Zero Fees.

Margin Trading:
- Phemex will soon introduce new services such as Crypto Loans and Margin Trading to rival traditional financial.

We want to become the best cryptocurrency app for our users and we need your suggestions on how we can improve our cryptocurrency app! You can contact the team at it@phemex.com and we'll be happy to hear from you!

What’s New

Version 2.0.3

Bug Fixes

Ratings and Reviews

4.3 out of 5
519 Ratings

519 Ratings

tannersj ,

Best Trading App Ever

Phemex is THE best place that you can trade and hold assets. You can deposit and withdraw USD and all types of crypto assets. ALL WITHOUT ENTERING YOUR SSN OR TAXPAYER ID. If you want a secure easy to use platform this is for you. This is a great place to trade crypto and it has a great mobile platform. Selling is easy and the spot prices are exact. The simplicity of this service and the versatility and ability of this app make it priceless.

Developer Response ,

We appreciate your support to us and it's our sole motivation to keep it rolling!

sullya7x ,

Shady like Coinbase

The app works fine when you’re not in a trade. Everything runs smoothly. No connection problems. It’s funny how there’s only problems when I am in a trade. If I’m either in a long or short position, the app has connection issues or it freezes. At first I thought maybe it’s because I’m not in WiFi or because I’m somewhere else. Then I started trading in one location. In my living room on the same spot on the couch next to the WiFi router. I’ve tried it with the WiFi off and just go off my phones data and I get the same results. This reminds me of the Coinbase scandal when bitcoin is pushing on a rally or dropping off a cliff, Coinbase all the sudden shuts down. Not allowing traders to close or open a position. The same with this app, when I’m on a short and the price drops, the price on the charts freeze and stay the same. So I’m thinking the price hasn’t changed. But in reality the price is dropping and not allowing the user to see the actual price. And vice versa when you’re in a long position. Price is $40 above what the chart was saying. Timing is everything. The price can be at a certain number for a limited time and you could miss it because the app freezes. It’s just shady. I’m moving my crypto to another exchange. This is garbage.

ZacZamora ,

It can fool you to believe it is simple…

The layout makes it seem like it is pretty forward and simple, as well as intuitive to amateur and veteran, alike. But there’s a pretty complicated jumble of graphs and positions and trading types and wallet types. By the time you go around, and visit every section; you have more questions, than answers. The fees and limits are dumb. Don’t plan on trying to move anything without $10, although it says minimum trades are above 1.99. It won’t let you do much unless you’re playing big hits, and then you must realize, you have too many factors to look at. It closed me out of a position completely due to liquidation. So watch what you do. You know, they also holler a lot about their promos. Their promos don’t mean anything, because once you withdraw to spot or other wallet, the bonus fees disappear. It’s kind of a joke. Not for me. Moved away from it quickly.

App Privacy

The developer, Phemex, indicated that the app’s privacy practices may include handling of data as described below. For more information, see the developer’s privacy policy.

Data Used to Track You

The following data may be used to track you across apps and websites owned by other companies:

  • Diagnostics

Data Not Linked to You

The following data may be collected but it is not linked to your identity:

  • Diagnostics

Privacy practices may vary, for example, based on the features you use or your age. Learn More

Supports

  • Family Sharing

    With Family Sharing set up, up to six family members can use this app.

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