Phemex Review 2026: Fees, Volume and Safety
Ranked #20 of 30 exchanges. Best for: Derivatives trading.
- 24h volume
- $582.5M
- Share of top 30
- 2.8%
- Spot fee (maker / taker)
- 0.10% / 0.10%
- Coins listed
- 147+
Phemex Trading Volume, Last 30 Days
USDThe 30-day chart appears after the first chart refresh.
Phemex at a Glance
| Founded | 2019 |
|---|---|
| Headquarters | Samoa (registered) |
| Licences | — |
| Spot fee (base) | 0.10% / 0.10% |
| Futures trading | Yes |
| Proof of reserves | Yes |
| KYC | Optional for basic trading; required for higher limits |
| Fiat deposits | Card, bank transfer, Apple Pay |
Strengths and Watch-outs
What stands out
- Founded by former Morgan Stanley staff
- Publishes proof of reserves
- Spot, margin and perpetual contracts
Keep in mind
- Lost about $70M to $85M in a Jan 2025 hot-wallet hack
Phemex FAQ
Is Phemex safe?
Phemex publishes proof of reserves. Keep in mind: Lost about $70M to $85M in a Jan 2025 hot-wallet hack. As with any exchange, use two-factor authentication and keep long-term holdings in your own wallet.
What are Phemex trading fees?
At the base tier Phemex charges 0.10% / 0.10% (maker / taker) on spot trades. Fees fall as your 30-day volume grows. Futures have their own, lower fee table.
Does Phemex require KYC?
Optional for basic trading; required for higher limits.
Where is Phemex based?
Phemex was founded in 2019 and is based in Samoa (registered).
Compare Phemex With
Live data: CoinGecko. Profile compiled by FxDailyInfo from the exchange's own pages. Sources: www.Coingecko.com, bleepingcomputer.com. Crypto trading is high risk and not available in every country.