Phemex

CEXHQ: SC (Seychelles)

Not licensed in any major jurisdiction. This exchange holds no active licence we could verify in the EU (MiCA), UK, US, Singapore, Japan or UAE. Listed for information only - no endorsement.

Regulation Score 2.0 / 10Trust Index 5.8 · Offering Index 8.7

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Regulation

No active licence we could verify.

Fees & products

Spot maker/taker: 0% / 0.1%
Crypto withdrawal (sample): BTC 0.0002, ETH 0.002
Spot assets: ~280
Max leverage: 100x
Fiat onramp: card, bank_transfer
KYC for trading: email

Geo-restrictions

Identity check: Your residence is what counts - documents and proof of address are verified at KYC. If you are not a resident of an accepted country, you cannot trade.

No-KYC tier for small withdrawals; KYC required for higher limits and some regions

Security & reserves

Proof of reserves: merkle_liabilities
No incidents on record.

Known downsides

Offshore registration; no top-tier licence (med)
Futures focus with 100x leverage marketed to retail (med)
Support quality below top-tier exchanges (low)

Sources & verification

Phemex terms & fee schedule (archived) (OFF) · accessed 2026-10-02 · source

Verified: 2026-10-02 · Next review: 2027-01-02 · Reviewer: editor