Phemex

Phemex is a spot exchange and cryptocurrency conversion service. The official site presents Spot, Convert / Swap, trading bots and copy trading. Funds are held in a custodial exchange account, and the exchange covers both crypto-to-crypto and fiat-to-crypto directions.

Assets and payments

Listed assets are BTC, ETH, USDT and USDC. Payment methods include Visa, Mastercard, SEPA, SWIFT and Faster Payments, which indicates card and bank-transfer rails for European and UK users.

Fees and verification

An official fee table or help page exists, but numerical rates are not reproduced here because they depend on the product and the client tier. The service uses identification levels, and verification affects limits and the availability of individual services.

For developers

API documentation is published on the site, and trading bots can run automated strategies.

Who it suits

The platform is aimed at active traders who want spot, conversion and copy trading in one account. Businesses should check which jurisdictions the service is open to, the licensing position of the operating entity and the fee tier that applies to their volume.