Phemex is the fastest Bitcoin futures trading platform, founded by 8 Ex-Morgan Stanley Executives. No overload, no downtime. We provide 24/7 hours customer service support.
Is Phemex legit?
Phemex (phemex.com) has a 2.1 out of 5 rating on OK.one, based on 217 user reviews collected here. It is listed under Money & Insurance and its reputation is poor. 68% of reviews are 1 star, a relatively high share; The business has replied to 78% of negative reviews; 29 of them were added in the last 12 months. Last updated 2026-10-24.
Phemex wallet is really one of the best reliable exchanger wallet
Ever i seen one of the best crypto Exchanger site is phemex wallet undoubtedly from my perspective 😍sometimes this site gave us incredible opportunity for earning money easily among them gleam.io this sites task. When we are complete there requirement task fulfil then we get entry and after some days there distribution there token and then we get lot of usd and also phemex exchanger most of the time give us giveway opportunity and they are randomly select there limited winner.Altemately i am received lot of money without investment. I am fulfill there task carefully and most of the time luckily i was the winner from giveway and few days ago they are gave us 15$ for complete there easy task. I can expected really i can't get but luckily yeah i am get 15$ easily.I was really very happy and excited then i Don't miss there any opportunity because trust that phemex and gleam.io are not fake there real and 100% there paying among there condition. I am continuously working with there all opportunity and i believe they are really in future working good and very helpful and earn Money easily from this project. Among Phemex wallet we can easily exchange our crypto and we can easily continue our trade in this wallet. To be honestly we are working with phemex because of that.actually i am not good at an English thats why I can't give the analysis as beautifully as I do.You can work with confidence in this wallet.I want to stay with this wallet for a long time because their service is very good.I am optimistic that phemex Wallet is going to give us something much better in the future.For this I will always be with all work phemex wallet.Those of you who don't know anything about phemex Wallet you are rihgt now you going to play store and search phemex wallet and install now then create a wallet.I hope you will find satisfaction in their work. First of all you have to create a wallet and then you can visit this wallet easily and this wallet really Maintain a strong privacy for trade that exchanger is one of the best exchanger wallet ever i seen that said again because i already got lot of good opportunity from this wallet and among this wallet you can free extra earn like me such as gleam.io site you are fillup there requirements and you get entry that is show your profile.if you are get more entry that is good for you because you can earn more usd so if you are dont join this For this reason, if you have not joined yet, join now.I suggested every crypto trader join fast dont miss pump opportunity from phemex that is 100% real and they gave us amazing offer among gleam.io so please i said that again and again dont miss there any opportunity. There regularly paying free usd from there some easiest task then you can earn loy of money from phemex.
Reply from Phemex2024-12-23
Hi Mehzabie, :)
Thank you for your incredible review and for sharing your experience with Phemex! We’re so happy to hear that you’ve had great success with our platform, especially with the rewards and opportunities we offer, like the Gleam.io tasks and giveaways. It’s awesome that you’ve been able to earn without investment, and we appreciate your trust in us.
We’re also glad to hear that you’re enjoying the wallet and exchange features, and we’re excited to continue offering valuable opportunities in the future. If you ever need any assistance or have questions, feel free to reach out to us at [email protected].
Thank you for being part of the Phemex community, and happy trading!
The Phemex Team
I've started to use Phemex for Crypto trading since early 2021.I have to say this app is my favourite one compare to Binance and Bybit. I specifically like the app designed, it's smart phone friendly. Because of my job, I do need to use my phone to set up trades when I don't have a PC with me. Before my experience with Phemex, I had tried Bybit, unfortunately their website on phone didn't show 2 excuted trades which caused me explosed my account. Phemex never let me down. I recommend Phemex's platform and mobile app to anyone who are willing to do crypto trades. They also have many excellent events which give people chance to win pretty good rewards up to 100k USD . The only issue is deposit transaction part (Fiat transfer fees are bit high due to 3rd party charges) but they provide 80 USD bonus to cover your transaction fees under certain conditions. Overall Phemex is a good choice for experienced traders.
Reply from Phemex2024-12-23
Hi there,
Thank you for the fantastic review! We’re so glad to hear that Phemex has become your go-to platform for crypto trading and that our mobile app has been helpful for you on the go. It’s great to know that we’ve been able to meet your expectations, especially compared to your past experiences.
We appreciate your feedback on the fiat deposit fees and will continue working to improve the experience. If you ever need assistance or have any questions, feel free to reach out to us at [email protected].
Happy trading!
The Phemex Team
I am very happy to use this exchange. I have used many exchanges but I have not found such joy in any of them. This is a very good exchange. I also tell everyone that once you come, it will be very good. This website is very beautiful. The design is also very beautiful. It is very safe to keep money here. The menus on the website are very nice.It's great airdrop distributions and offers for new and old users it provides us the opportunity to earn crypto currency with and without investment. Everyone getting their rewards on time as they promise. Easy to use dashboard, easy to trade. No need kyc. One of the best projects offers good opportunities for newbies. The project has goals, big plans for the future, and a strong reliable team. Phemex projects have a successful future
Reply from Phemex2024-12-23
Hi there,
Thank you so much for the great feedback! We’re thrilled to hear you’re enjoying Phemex and finding our platform easy to use and secure. It’s awesome that you’re taking advantage of our airdrops and offers!
We’re committed to providing great opportunities and reliable service for the future. If you need any help, feel free to reach out at [email protected].
Happy trading!
The Phemex Team
It's great airdrop distributions and offers for new and old users it provides us the opportunity to earn crypto currency with and without investment. Everyone getting their rewards on time as they promise. Easy to use dashboard, easy to trade. No need kyc. One of the best projects offers good opportunities for newbies. The project has goals, big plans for the future, and a strong reliable team. Phemex projects have a successful future
Reply from Phemex2024-12-23
Hi there, :)
Thank you for your fantastic review! We’re thrilled to hear that you’re enjoying the airdrops and offers we provide, giving both new and experienced users opportunities to earn cryptocurrency, with or without investment. It’s great to know you’re finding our platform easy to use and appreciate the timely rewards we deliver.
We’re excited about the future and committed to continuing to offer great opportunities and features, all while maintaining a strong, reliable team. If you have any questions or need assistance, feel free to reach out to us at [email protected].
Here’s to a bright future with Phemex! 🚀
The Phemex Team
Congrats for most promting & Greetings for your Project.We are more exciting & awaiting for your bonus.
Phemex is a wonderful trading platform. And It's User friendly experience. No Required for kyc verification. Phemex recently announced as more competition/Airdrops. Phemex give a Airdrops for each and every users.
Reply from Phemex2024-12-23
Hi there, :)
Thank you for your kind words and support! We’re so glad to hear that you’re enjoying Phemex’s user-friendly platform and appreciate our airdrops and competitions. Your excitement motivates us to keep delivering the best trading experience possible.
If you have any questions, feedback, or need assistance, feel free to contact us anytime at [email protected].
The Phemex Team
As every one knows that phemex is a well known exchange for it's great airdrop distributions and offers for new and old users it provides us the opportunity to earn crypto currency with and without investment
Everyone getting their rewards on time as they promis.its easy to use friendly user dashboard easy to trade No need kyc its preety cool One of the best projects offers good opportunities for newbies. The project has goals, big plans for the future, and a strong reliable team.phemex project have a successful future
Reply from Phemex2024-12-23
Hi Bimal, :)
Thank you for your amazing review! We’re delighted to hear that you’re enjoying the trading experience on Phemex and appreciate our airdrops, offers, and user-friendly platform. It’s great to know that our rewards system and no-KYC option are meeting your expectations.
We’re excited about the future too and are committed to achieving our goals while continuing to provide excellent opportunities for both new and experienced users. If you ever have any questions, feedback, or need assistance, feel free to reach out to us at [email protected].
Happy trading!
The Phemex Team
Phemex is onr of the best crypto wallet i ever seen they share to many drop and all are paid i hope they also share their own token like sfp twt bnb and all together they also make good blockchain command and their service is all up to the mark next we all goin the moom woth phemex good luck go ahead
Reply from Phemex2024-12-23
Hi there, :)
Thank you for your enthusiastic review! We’re thrilled to hear that you think so highly of Phemex and enjoy the rewards and features we offer. Your suggestion about launching our own token is noted, and we’re always looking for ways to bring more value to our users.
We’re committed to maintaining top-notch service and exploring exciting opportunities for the future. If you have any questions or feedback, feel free to reach out to us at [email protected].
Here’s to reaching the moon together with Phemex! 🚀
The Phemex Team
Hi there, :)
Thank you for your feedback! We’re glad to hear you find Phemex to be a good and reliable exchange. If you ever have any questions or need assistance, feel free to reach out to us at [email protected].
Happy trading!
The Phemex Team
SCAMMERS WILL STEAL YOUR COIN!! THEY OFFER GREAT PURCHASE RATES BUT ONCE YOU DEPOSIT YOUR COIN IT WILL COST YOU A FORTUNE TO GET IT OUT! THEY HAVE ONE AFTER ANOTHER OF UNLISTED FEES
Reply from Phemex2021-12-02
Dear customer,
you will find more info about our withdrawal limits and fees on following link https://phemex.com/fees-conditions.
We offer for example zero withdrawal fees for USDT tr20. This could be a solution for you if you don`t wanna pay any withdrawal fees.
If you have any remaining questions, please don´t hesitate to contact us directly at www.phemex.com.
We are here 24/7 to support you.
Best regards,
Team Phemex
They say you cannot trade from US but they will still take your money for signing up with their services if you are from the USA, using a USA credit card, and they will not refund it.
They also will not let me delete my account.
Reply from Phemex2022-01-05
Dear Private Private,
please kindly take a look at our Terms of Agreements:
If you are located in or if you are a resident of the United States of America, United Kingdom, Québec (Canada), Cuba, Crimea, Sevastopol, Iran, Syria, North Korea, Sudan, China, Hong Kong, Republic of Seychelles, Bermuda, or any other jurisdiction where the Services offered by Phemex are restricted, you understand and acknowledge that you are prohibited from holding positions or entering into contracts at Phemex. You also understand and acknowledge that if it is determined that any Phemex trading participant has given false representation as to their location or residence, Phemex reserves the right to close any offending accounts immediately and to liquidate any open positions.
https://phemex.com/references/articles/phemex-terms-of-use
We hope meanwhile that your issue has been solved and the account deletion was successful.
If you have any remaining questions, please don´t hesitate to contact us directly at www.phemex.com.
We have a live support and we are available 24/7 or you can write us an email at [email protected]
Best regards,
Team Phemex
Dear Private Private,
this review seems not to be about Phemex, but for advertising another company.
Please avoid doing that in future.
If you experienced any issues please be specific and contact directly the online support at www.phemex.com.
We are available 24/7.
Kind regards,
Team Phemex
Hi there, :)
Thank you for your kind words! We’re thrilled to hear you’re enjoying the Phemex app and exchange. If you ever have any questions, need assistance, or want to share feedback, feel free to reach out.
Happy trading!
The Phemex Team
Phemex is a bait and switch dishonest business model claiming to have 0% fees on spot trading. What they do instead is have a gap where they don't show you the quotes where transactions are being placed. They are missing the top 10 or bottom 10 so you are always overpaying for the trade. When you place a market trade is far above the market where other trades are being processed. Pyramid scheme of getting others to sign up and sharing commissions which outlines that they actually do charge very high fees. On their page related to starting your own business of Phemex All Stars "The customer makes one trade worth $1,000 and pays 0.25% in fees, equivalent to $2.5." Meaning you are actually paying high than others which is often .1% On top of that the trading platform is mediocre UI. As if all that weren't bad enough they want to charge you a monthly fee because you imagine you are getting 0% fees. Great business model for their own profits horrible everything for actual customers.
Reply from Phemex2021-12-02
Dear Boyd,
users can indeed spot trade for zero trading fees (Daily limit:1,000,000 Monthly limit:5,000,000).
More info on following link https://phemex.com/premium.
If you want to save trading fees you might wanna use a limit order instead a market order.
Market orders are more expensive and they will grab the next possible price in the orderbooks.
The next possible price depends also on the current volatility of the market and the available liquidity.
https://phemex.com/user-guides/how-do-market-orders-fill
https://phemex.com/user-guides/how-do-limit-orders-fill
What is Phemex’s Fee Structure?
Phemex has a fee structure that entails a -0.025% maker fee and a 0.075% taker fee.
Essentially, in this case, market makers are incentivized for providing liquidity,
while market takers pay a fee to have access to the liquidity and depth that market makers provide.
https://phemex.com/academy/market-makers-vs-market-takers.
Please visit our academy if you wish to learn more about trading in general https://phemex.com/academy.
Currently users also can get a trading bonus for learning https://phemex.com/learn-crypto.
If you have any remaining questions, please don´t hesitate to contact us directly at www.phemex.com.
We are here 24/7 to support you and hope to see you soon again.
Kind regards,
Team Phemex
Iam using this crypto exchange since 3 months, iam impressed from it because its very easy to understand and i trust this company.
Reply from Phemex2024-12-23
Thank you for your feedback! We’re glad to hear you’ve had a positive experience with Phemex. If you ever need assistance, feel free to reach out. Happy trading!
I used this exchange for several months. Totally legit, decent and fair. The fees they charge are about average. I was impressed by the speedy work of the platform! There's a 100X leverage for those who is really experienced. I only left it because there was no mobile application, it wasn't convenient at all not to to check your trades when you're not at your pc.
Reply from Phemex2024-12-23
Hi there :)
Thank you for your detailed review! We're glad you found Phemex to be legit, fair, and efficient, and that you appreciated our platform's features like 100x leverage. We completely understand how important convenience is, and we’re happy to share that we now have a mobile app for on-the-go trading. We’d love for you to give it a try and see if it meets your expectations.
If you have any questions or feedback, don’t hesitate to reach out. Happy trading!
The Phemex Team
I use it very well without any problem! Great! One of the best with Bybit ! One of the best platform for leverage trading! Very well!
Reply from Phemex2024-12-23
Hi, Ricky. Thank you for the awesome feedback! We're thrilled to hear that you're enjoying your experience with Phemex and that our platform is meeting your expectations for leverage trading. If you ever need any assistance or have any questions, feel free to reach out. Happy trading!
0 STARS 0 STARS
Scam! Simple as , DO NOT USE , they dont honor bonus, they give false profit and loss figures,and they have no support staff, ...PLEASE STAY AWAY......
Reply from Phemex2021-12-20
Dear stu dug,
we are sorry to hear about your past experience with us.
Your review is over a year old and many things have changed meanwhile.
Maybe you want to take a look and visit us again?
If you have any remaining questions, please don´t hesitate to contact us directly at www.phemex.com.
We are here 24/7 to support you and hope to see you soon again.
Best regards,
Team Phemex
