LBank offers spot and futures markets for Bitcoin, Ethereum, meme coins, and other digital assets.
Phemex
Phemex supports buying, selling, holding, and earning cryptocurrency, alongside futures, trading bots, and an AI trading platform.
About Phemex
Phemex is a cryptocurrency exchange that offers spot trading of BTC, ETH and other coin pairs, futures trading, automated trading bots, copy trading, and earning and lending products. Its homepage also lists iOS, Android and web access. The site describes Phemex as founded in 2019 and states that it has over 10 million users.
The site says it maintains 100% Proof of Reserves using a Merkle-Tree system, that over 70% of user assets are held in offline cold wallets, and that it works with Fireblocks for wallet custody. These are the site's own statements and have not been independently verified here. Identity verification (KYC) is required for higher withdrawal limits and access to some features, and the site states it follows Anti-Money Laundering (AML) and Counter-Terrorism Financing (CFT) standards. Crypto trading and earning products carry financial risk, and users should review the terms and risk information on the site before using them.
Key features
- Spot trading of BTC, ETH and other crypto pairs
- Perpetual futures contracts (USDT-M and Coin-M) with up to 150X leverage
- Grid, Martingale and Signal automated trading bots
- Copy trading that follows selected traders
- Phemex Earn yield-generating products
- Phemex Lending Protocol for borrowing without selling crypto
Best for: Traders who want spot and futures trading on one exchange, along with automated bot or copy-trading tools.
Good for
- The site states spot trading is offered with minimal trading fees.
- Spot, futures, bots, copy trading, earn and lending are listed in one platform.
- The site publishes a Proof of Reserves claim that users can check using a Merkle-Tree system.
Watch out for
- Verified identity (KYC) is required to unlock higher withdrawal limits and some features.
- Futures trading is offered with up to 150X leverage, which the site itself describes as high leverage.
- Pricing is not stated on the homepage.
Phemex at a glance
- Website
- phemex.com
- Category
- Crypto & Blockchain › Crypto Exchanges
- Type
- Website
- Pricing
- Not confirmed. Check the site
- Platforms
- Android, iOS, Web
- Open source
- Not stated
- Language
- English
- Last checked
- Oct 6, 2026 · Online when checked
- Listed
- Oct 5, 2026
Phemex alternatives
Tools and sites you could use instead, ranked by how closely they match.
CEX.IO supports buying, selling, trading, holding, and earning cryptocurrency, with staking and savings products shown on its page.
BTC Markets is an Australian cryptocurrency exchange for buying, selling, and trading Bitcoin, Ethereum, and other digital assets.
Coinbase provides an online platform for buying, selling, transferring, and storing cryptocurrency, with additional stock and metals futures.
Free trial
24 alternatives
ICRYPEX offers cryptocurrency trading, buying, and staking services, alongside customer support available around the clock.
OrangeX lists spot and futures crypto trading, alongside a signup offer and market pages for its digital asset exchange.
Popular in Crypto Exchanges
Well-known listings from the same topic.
Backpackbackpack.exchangeAivora Exchangeaivora.comOKXokx.comDeribitderibit.comGeminigemini.comRobinhoodrobinhood.com
Phemex FAQ
Does Phemex require identity verification?
The site says its KYC process protects accounts from unauthorized access and fraud. It also states that verified users unlock higher withdrawal limits and participation in the Phemex Launchpad and premium rewards.
What is the difference between spot and contract trading on Phemex?
The site describes spot trading as buying and trading coin pairs such as BTC and ETH. Contract trading is described as derivatives trading in USDT-M and Coin-M contracts with high leverage. Both modes support trading bots and TradingView charting, according to the site.
How does Phemex describe the security of user funds?
The site lists a 100% Proof of Reserves system, cold storage for over 70% of user assets with multi-signature protocols, and a partnership with Fireblocks for wallet protection. These are the site's own descriptions and are not independently verified here.
Is something wrong or out of date?
Tell us and an editor will check it.
Own this website?
Claim this listing
Claim the listing and suggest updates yourself. An editor checks every claim first.