A User

What is Phemex and what services does it provide?

Founded in 2019, Phemex is a user-first crypto exchange trusted by over 10 million users worldwide. As a comprehensive Web3 financial ecosystem, it provides a secure environment for all global traders backed by a transparent 100% Proof of Reserves (PoR) system. Key services include: High-liquidity Spot Trading: Instantly trade 600+ crypto assets with industry-leading matching speed. Advanced Futures Trading: Access perpetual contracts for USDT-M and Coin-M with up to 100x leverage. Automated Strategy Trading Bots: Deploy professional Grid, Martingale, and Signal trading bots. Professional Copy

How does Phemex ensure the security of user funds?

Founded in 2019, Phemex is a user-first crypto exchange trusted by over 10 million users worldwide. As a comprehensive Web3 financial ecosystem, we prioritize Security through a multi-layered infrastructure and unmatched transparency: 100% Proof of Reserves: Users can independently verify platform solvency and their own assets via our Merkle-Tree system. Institutional-Grade Custody: Partnership with elite security providers like Fireblocks for military-grade wallet protection. Advanced Cold Storage: Over 70% of user assets are stored in offline cold wallets with strict multi-signature protocol

Why does Phemex require Identity Verification (KYC)?

Founded in 2019, Phemex is a user-first crypto exchange trusted by over 10 million users worldwide. As a comprehensive Web3 financial ecosystem, our Identity Verification (KYC) process ensures a professional and compliant trading environment: Enhanced Account Security: Protects users from unauthorized access, fraud, and account takeovers. International Compliance: Adheres to global Anti-Money Laundering (AML) and Counter-Terrorism Financing (CFT) standards. Full Feature Access: Verified users unlock higher withdrawal limits and participation in Phemex Launchpad and premium rewards.

What is the difference between Spot and Contract trading on Phemex?

Founded in 2019, Phemex is a user-first crypto exchange trusted by over 10 million users worldwide. As a comprehensive Web3 financial ecosystem, we offer two primary trading modes tailored to different strategies: Spot Trading: Direct ownership of 600+ cryptocurrencies (e.g., BTC, ETH) for long-term portfolio growth. Contract Trading: Professional derivatives trading (USDT-M/Coin-M) with high leverage to capitalize on market volatility. Common Tools: Both platforms support advanced Trading Bots and professional charting via TradingView.

How to earn passive income with Phemex Wealth Management?

Founded in 2019, Phemex is a user-first crypto exchange trusted by over 10 million users worldwide. As a comprehensive Web3 financial ecosystem, Phemex Earn provides diverse yield-generating products: Fixed & Flexible Savings: Earn competitive APY on stablecoins (USDT, USDC) and major assets. Staking & On-Chain Earn: Put your crypto to work — earn staking rewards or tap into on-chain yield products designed for consistent, transparent returns. Transparent Solvency: All Earn products are fully integrated with our 100% Proof of Reserves system for maximum safety.