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Exchange that Allows You To Trade Cryptocurrency At Zero Trade Fees: Phemex

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Exchange Reviews</a></span> / <span class="breadcrumb_last" aria-current="page">Exchange that Allows You To Trade Cryptocurrency At Zero Trade Fees: Phemex</span></span> </div> <h1 class="c-title entry-title">Exchange that Allows You To Trade Cryptocurrency At Zero Trade Fees: Phemex</h1> <div class="mb-3 mt-1 d-inline-flex align-items-center"> <div class="project-links"> <a rel="nofollow" target="_blank" href="https://twitter.com/Phemex_official"> <img width="52" height="52" src="data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%2052%2052'%3E%3C/svg%3E" alt="twitter" data-lazy-src="https://coingape.com/wp-content/uploads/2023/12/Group-49263@2x.png"/><noscript><img width="52" height="52" src="https://coingape.com/wp-content/uploads/2023/12/Group-49263@2x.png" alt="twitter"/></noscript></a> <a rel="nofollow" target="_blank" href="https://t.me/Phemex_EN"> <img width="52" height="52" 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Phemex</span> <span class="visit-arrow"><i class="fa fa-long-arrow-right"></i></span> </a> </div> <div class="d-flex align-items-center font1"> <div class="author-image-container"> <img alt='' src="data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%2060%2060'%3E%3C/svg%3E" data-lazy-srcset='https://secure.gravatar.com/avatar/f66044fc2b2d7e0993b1d4e98a841f90?s=120&#038;d=mm&#038;r=g 2x' class='avatar avatar-60 photo' height='60' width='60' decoding='async' data-lazy-src="https://secure.gravatar.com/avatar/f66044fc2b2d7e0993b1d4e98a841f90?s=60&#038;d=mm&#038;r=g"/><noscript><img alt='' src='https://secure.gravatar.com/avatar/f66044fc2b2d7e0993b1d4e98a841f90?s=60&#038;d=mm&#038;r=g' srcset='https://secure.gravatar.com/avatar/f66044fc2b2d7e0993b1d4e98a841f90?s=120&#038;d=mm&#038;r=g 2x' class='avatar avatar-60 photo' height='60' width='60' decoding='async'/></noscript> </div> <div class="writer-data font-m"> <span class="bypost">By</span> <span class="auth-name"> <a href="https://coingape.com/author/abhinav-2/"> Casper Brown </a> </span> <img width="15" height="15" src="data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%2015%2015'%3E%3C/svg%3E" alt="coingape-authors" data-lazy-src="https://coingape.com/wp-content/themes/coingapev3/images/checkmark.svg"><noscript><img width="15" height="15" src="https://coingape.com/wp-content/themes/coingapev3/images/checkmark.svg" alt="coingape-authors"></noscript> <div class="publishby d-flex font-m"> June 8, 2020<span class='d-on ml-1'> <span class='dosed'></span> Updated April 5, 2023</span> </div> </div> </div> </div> <div data-rocket-location-hash="5a8dff2c0f77a16be5b1d84128dd5aae" class="col-md-4 col-12 m-auto d-on"> <div class="featured-img-container"> <img width="1500" height="844" src="data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201500%20844'%3E%3C/svg%3E" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" fetchpriority="high" data-lazy-srcset="https://coingape.com/wp-content/uploads/2020/06/Phemex-ExchangeBitcoin.jpg 1500w, https://coingape.com/wp-content/uploads/2020/06/Phemex-ExchangeBitcoin-300x169.jpg 300w, https://coingape.com/wp-content/uploads/2020/06/Phemex-ExchangeBitcoin-768x432.jpg 768w, https://coingape.com/wp-content/uploads/2020/06/Phemex-ExchangeBitcoin-1224x689.jpg 1224w, https://coingape.com/wp-content/uploads/2020/06/Phemex-ExchangeBitcoin-678x381.jpg 678w" data-lazy-sizes="(max-width: 1500px) 100vw, 1500px" data-lazy-src="https://coingape.com/wp-content/uploads/2020/06/Phemex-ExchangeBitcoin.jpg" /><noscript><img width="1500" height="844" src="https://coingape.com/wp-content/uploads/2020/06/Phemex-ExchangeBitcoin.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" fetchpriority="high" srcset="https://coingape.com/wp-content/uploads/2020/06/Phemex-ExchangeBitcoin.jpg 1500w, https://coingape.com/wp-content/uploads/2020/06/Phemex-ExchangeBitcoin-300x169.jpg 300w, https://coingape.com/wp-content/uploads/2020/06/Phemex-ExchangeBitcoin-768x432.jpg 768w, https://coingape.com/wp-content/uploads/2020/06/Phemex-ExchangeBitcoin-1224x689.jpg 1224w, https://coingape.com/wp-content/uploads/2020/06/Phemex-ExchangeBitcoin-678x381.jpg 678w" sizes="(max-width: 1500px) 100vw, 1500px" /></noscript> </div> <div class="visit-website-button"> <a rel="nofollow" target="_blank" href="https://phemex.com/"> <span>Visit Phemex</span> <span class="visit-arrow"><i class="fa fa-long-arrow-right"></i></span> </a> </div> </div> <!-- <div id="reading-time"></div> --> </div> <section data-rocket-location-hash="ac6b8750de4d2c296a8036108b27615b" class="my-4"> <div data-rocket-location-hash="33d09379e835dc3afde609fa04bc2819" class="row mt-3"> <div class="col-lg-8 col-md-8 col-width-8 col-12"> <div class="table-content-container"> <div class="table-content"> <h5 class="top-heading">Table of Content</h5> <i class="fa fa-angle-up arrowButton" area-hidden="true"></i> </div> <div class="listData table-content-details"> <ul> <a href="#summnary"> <li>Summary</li> </a> </ul> </div> </div> <section class="main-content"> <h2><div id="summnary">Summary</div></h2> <p><span id="ex-tgt-010" style="display: none;">One of the fastest exchange having a capability of handling 300,000 transactions per second, with order response times of less than 1 millisecond. </span></p><div class="mobileAfads m-on"></div> <p><a rel='nofollow' href="https://phemex.com/" rel="nofollow">Phemex</a> is a relatively young cryptocurrency exchange that seeks to disrupt the exchange market with zero-fee trading based on memberships. It was founded in 2019 and registered as a company in Singapore, operating under the jurisdiction of the British Virgin Islands. The exchange is led by 8 former employees of Morgan Stanley, with Jack Tao as their CEO.</p><div class="midadsafter"></div> <!-- WP QUADS Content Ad Plugin v. 2.0.86.1 --> <div class="quads-location quads-ad90952 " id="quads-ad90952" style="float:none;text-align:center;padding:0px 0 0px 0;" data-lazydelay="3000"> <div class="ad1"><div class="advertised"><span class="ad-placeholder">advertisement</span></div> </div> <!-- <div id="my-banner-ad" class="d-inline-block"></div> <script type="rocketlazyloadscript"> adClient.showBannerAd({ adUnitId: "34683725-0f88-4d49-ac24-81fc2fb7de8b", containerId: "my-banner-ad" }); </script>--> <!-- AfterFirstParagraphDesk7289x90 [async] --> <script type="rocketlazyloadscript" data-rocket-type="text/javascript">if (!window.AdButler){(function(){var s = document.createElement("script"); s.async = true; s.type = "text/javascript";s.src = 'https://servedbyadbutler.com/app.js';var n = document.getElementsByTagName("script")[0]; n.parentNode.insertBefore(s, n);}());}</script> <script type="rocketlazyloadscript" data-rocket-type="text/javascript"> var AdButler = AdButler || {}; AdButler.ads = AdButler.ads || []; var abkw = window.abkw || ''; var plc591992 = window.plc591992 || 0; document.write('<'+'div id="placement_591992_'+plc591992+'"></'+'div>'); AdButler.ads.push({handler: function(opt){ AdButler.register(180936, 591992, [728,90], 'placement_591992_'+opt.place, opt); }, opt: { place: plc591992++, keywords: abkw, domain: 'servedbyadbutler.com', click:'CLICK_MACRO_PLACEHOLDER' }}); </script> </div> <p><span style="font-weight: 400;">Since then, Phemex has experienced enormous growth. According to Alexa, Phemex has grown to become one of the 40,000 most visited websites worldwide. CoinMarketCap ranks it as the sixth largest exchange for perpetual BTC/USD contracts. In spot trading, Phemex currently records a daily trading volume of just under $300 million across six markets.</span></p> <p><b>Pros of trading cryptocurrency on Phemex</b></p> <ul> <li style="font-weight: 400;"><span style="font-weight: 400;">Sixth largest exchange for BTC-Futures</span></li> <li style="font-weight: 400;"><span style="font-weight: 400;">Zero-fee spot trading for premium users</span></li> <li style="font-weight: 400;"><span style="font-weight: 400;">Negative Maker fee on Futures contracts</span></li> <li style="font-weight: 400;"><span style="font-weight: 400;">Welcome and referral bonuses</span></li> </ul> <p><b>Cons of trading cryptocurrency on Phemex</b></p> <ul> <li style="font-weight: 400;"><span style="font-weight: 400;">Not regulated and restricted for some jurisdictions</span></li> <li style="font-weight: 400;"><span style="font-weight: 400;">Withdrawal restrictions for non-premium users</span></li> <li style="font-weight: 400;"><span style="font-weight: 400;">Spot trading requires premium membership</span></li> </ul> <h2><span style="font-weight: 400;">Membership Tiers</span></h2> <p><span style="font-weight: 400;">Instead of charging trading fees, Phemex seeks to generate revenue through the sale of membership packages. For this purpose, they offer three different membership tiers. The free standard membership grants access to the Futures trading platform. Withdrawals are only processed three times a day, with a daily withdrawal limit of 2 BTC.</span></p><div class="middleAdsInfinityMobile m-on"></div><div class="middleAdsInfinity d-on"></div> <p><span style="font-weight: 400;">The price for premium membership packages ranges from $9.99 for a 30-day membership to an annual membership for $69.99. Premium membership grants access to the spot markets with zero percent trading fees and removes the withdrawal limit. Premium withdrawals are processed on an hourly basis.</span></p> <p><span style="font-weight: 400;">Additionally, premium members can gift a 30-day trial membership to their friends. Trial memberships offer the same features as the premium membership, only without conditional orders on spot markets and with some withdrawal restrictions. </span></p> <h2><span style="font-weight: 400;">Wallets and Spot Markets</span></h2> <p><span style="font-weight: 400;"><a rel='nofollow' href="https://phemex.com/" rel="nofollow">Phemex</a> users have access to seven custodial wallets (BTC, ETH, XRP, LINK, and USDT). These comprise the 4 spot trading pairs, which are all settled in USDT. For security, Phemex has implemented a Hierarchical Deterministic Cold Wallet System, assigning deposit addresses to all users and storing the funds in a multisignature cold wallet. </span></p> <h2><span style="font-weight: 400;">Derivatives Markets</span></h2> <p><span style="font-weight: 400;">In addition to the spot exchange, Phemex lists perpetual contracts for six cryptocurrencies (BTC, ETH, XRP, LINK, XTZ, and LTC) and another perpetual contract for gold. Altcoin and gold contracts are quoted and settled in USD, while the Bitcoin contract is settled in BTC. BTC and gold Futures can be traded with a leverage of up to 100x, while all other contracts have a maximum leverage of 20x.</span></p> <p><span style="font-weight: 400;">All spot and derivatives markets can be traded on a simulated testnet, which gives users the option to test out their trading strategies before applying them with real money.</span></p> <h2><span style="font-weight: 400;">Welcome Bonus and Referral Program</span></h2> <p><span style="font-weight: 400;">Phemex offers three tiers of welcome bonuses. The first tier worth $2 is credited instantly upon account activation. Users who follow Phemex on Twitter and retweet their pinned Tweet receive an additional $10. Finally, funding their Phemex account with either 0.2 BTC or $1500 nets users an additional welcome bonus of $60.  </span></p> <p><span style="font-weight: 400;">Influencers can earn a commission of 50% from all users that sign up using their Referral code through the exclusive Phemex All-Star Program. In addition, they receive a commission of 10% for the referral of other All-Star participants. Users who do not partake in the All-Star Program can earn other referral bonuses, such as free premium membership.</span></p> <h2><span style="font-weight: 400;">Security</span></h2> <p><span style="font-weight: 400;">All of the Phemex software systems are hosted on the AWS Cloud, using firewalls and whitelists to separate different trading systems, to minimize the risk, and to mitigate the damage from potential security breaches. </span></p> <p><span style="font-weight: 400;">User accounts are protected by two-factor authentication for all critical operations. Additionally, Phemex uses bank-level double-entry bookkeeping to prevent third-party tampering of records and to detect breaches. </span></p> <p><span style="font-weight: 400;">User funds are stored in cold wallets, minimizing the potential damage from hacks. All withdrawals are checked for malicious activities before being approved. The Phemex trading engines allow for fast and error-free settlement of trades. Phemex operates a multilingual 24/7 customer support.</span></p> <h2><span style="font-weight: 400;">Fee Structure</span></h2> <p><span style="font-weight: 400;">Withdrawal fees from wallets are reasonable and generally in the same range as other exchanges. For example, Phemex charges 0.0005 BTC for Bitcoin withdrawals, or 1 USDT for Tether withdrawals. Withdrawals from USD or BTC trading accounts are free of charge. </span></p> <p><span style="font-weight: 400;">The Taker fee on the Futures platform is 0.075% for all markets. Phemex incentivizes users who provide liquidity to their order books with a negative Maker fee of -0.025%. </span></p> <p><span style="font-weight: 400;">For the spot markets, all transactions carried out through the Phemex website or mobile app are free of charge. For automated traders, there is an option for API-based trading, with a fee of 0.1%. </span></p> <p><span style="font-weight: 400;">In comparison, Binance charges a base fee of 0.1% for spot trades. This means that traders with an annual volume of more than $70,000 can find a cheaper alternative in Phemex. Also, market makers and traders who prefer limit orders over market orders can profit from the negative Maker fee.</span></p> <h2><span style="font-weight: 400;">Is Phemex a safe Exchange to use?</span></h2> <p><span style="font-weight: 400;">Since Phemex is one of the youngest high-profile cryptocurrency exchanges, they have yet to stand the test of time. Nevertheless, Phemex is operated by a team of high-frequency trading technology professionals with multiple years of experience as Morgan Stanley executives. </span></p> <p><span style="font-weight: 400;">Their handwriting and experience in development and cybersecurity is clearly recognizable in their security concepts. User funds are generally stored in multisignature cold wallets with 2FA and additional security checks upon withdrawal. </span></p> <p><span style="font-weight: 400;">A negative point is the lack of clear regulation. As such, the services provided by Phemex are restricted in some jurisdictions, including the United States. Users are advised to consult the Terms of Use in order to check whether they are eligible to trade on the exchange and whether the exchange is regulated in their home country.</span></p> <h2><span style="font-weight: 400;">Phemex Review Verdict</span></h2> <p><span style="font-weight: 400;"><a rel='nofollow' href="https://phemex.com/" rel="nofollow">Phemex</a> is a relatively new cryptocurrency exchange, which has however shown enormous growth in the past year. The exchange promises high liquidity and leverage of up to 100x on Bitcoin and gold Futures. </span></p> <p><span style="font-weight: 400;">The fee structure and premium membership makes Phemex an interesting alternative, especially for high-volume spot traders and limit order traders. </span></p> <h2><span style="font-weight: 400;">Key Highlights</span></h2> <ul> <li style="font-weight: 400;"><span style="font-weight: 400;">Phemex is the fastest growing cryptocurrency Futures and spot exchange in 2020.</span></li> <li style="font-weight: 400;"><span style="font-weight: 400;">Rather than relying on trading fees, Phemex offers zero-fee spot trading for premium members.</span></li> <li style="font-weight: 400;"><span style="font-weight: 400;">Perpetual contracts can be traded with up to 100x and altcoins with up to 20x leverage. </span></li> </ul> </p> <!-- WP QUADS Content Ad Plugin v. 2.0.86.1 --> <div class="quads-location quads-ad86313 " id="quads-ad86313" style="float:none;text-align:center;padding:0px 0 0px 0;" data-lazydelay="3000"> <!-- End_Of_Post_728x90 [async] --> <script type="rocketlazyloadscript" data-rocket-type="text/javascript">if (!window.AdButler){(function(){var s = document.createElement("script"); s.async = true; s.type = "text/javascript"; s.src = 'https://servedbyadbutler.com/app.js'; var n = document.getElementsByTagName("script")[0]; n.parentNode.insertBefore(s, n);}());}</script> <script type="rocketlazyloadscript" data-rocket-type="text/javascript"> var AdButler = AdButler || {}; AdButler.ads = AdButler.ads || []; var abkw = window.abkw || ''; var plc531149 = window.plc531149 || 0; document.write('<'+'div id="placement_531149_'+plc531149+'"></'+'div>'); AdButler.ads.push({handler: function(opt){ AdButler.register(180936, 531149, [728,90], 'placement_531149_'+opt.place, opt); }, opt: { place: plc531149++, keywords: abkw, domain: 'servedbyadbutler.com', click: 'CLICK_MACRO_PLACEHOLDER' }}); </script> <!-- End_Of_The_Post_TextAd [js] <script type="rocketlazyloadscript" data-rocket-type="text/javascript"> var rnd = window.rnd || Math.floor(Math.random()*10e6); var pid744421 = window.pid744421 || rnd; var plc744421 = window.plc744421 || 0; var abkw = window.abkw || ''; var absrc = 'https://servedbyadbutler.com/adserve/;ID=180936;size=0x0;setID=744421;type=js;sw='+screen.width+';sh='+screen.height+';spr='+window.devicePixelRatio+';kw='+abkw+';pid='+pid744421+';place='+(plc744421++)+';rnd='+rnd+''; document.write('<scr'+'ipt src="'+absrc+'" type="text/javascript"></scr'+'ipt>'); </script> --> </div> </p></p></p></p> <div class="TabDicA mt-4 mb-4"> <ul> <li><a href="#TabA70298" class="active">About author</a></li> <li><a href="#TabD70298" >Disclaimer</a></li> </ul> <div class="TBAcon "> <div class="authorFlip tabcS" id="TabA70298" > <div class="authorBox"> <div class="author_Name"> <!-- <div class="getAuthoname"> </div> --> <div class="authodes"> I am an associate content producer for the news section of Coingape. 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stroke-width="2"/> </g> </svg> </div> </div> </div> </div> </div> </div> </div> --> </main> </section> <script data-cfasync="false" src="/cdn-cgi/scripts/5c5dd728/cloudflare-static/email-decode.min.js"></script><script type="application/ld+json"> { "@context": "http://schema.org", "@type": "Review", "name": "Exchange that Allows You To Trade Cryptocurrency At Zero Trade Fees: Phemex", "description": "One of the fastest exchange having a capability of handling 300,000 transactions per second, with order response times of less than 1 millisecond. Phemex is a relatively young cryptocurrency exchange that seeks to disrupt the exchange market with zero-fee trading based on memberships. It was founded in 2019 and registered as a company in Singapore, operating under the jurisdiction of the British Virgin Islands. The exchange is led by 8 former employees of Morgan Stanley, with Jack Tao as their CEO. Since then, Phemex has experienced enormous growth. According to Alexa, Phemex has grown to become one of the 40,000 most visited websites worldwide. CoinMarketCap ranks it as the sixth largest exchange for perpetual BTC/USD contracts. In spot trading, Phemex currently records a daily trading volume of just under $300 million across six markets. Pros of trading cryptocurrency on Phemex Sixth largest exchange for BTC-Futures Zero-fee spot trading for premium users Negative Maker fee on Futures contracts Welcome and referral bonuses Cons of trading cryptocurrency on Phemex Not regulated and restricted for some jurisdictions Withdrawal restrictions for non-premium users Spot trading requires premium membership Membership Tiers Instead of charging trading fees, Phemex seeks to generate revenue through the sale of membership packages. For this purpose, they offer three different membership tiers. The free standard membership grants access to the Futures trading platform. Withdrawals are only processed three times a day, with a daily withdrawal limit of 2 BTC. The price for premium membership packages ranges from $9.99 for a 30-day membership to an annual membership for $69.99. Premium membership grants access to the spot markets with zero percent trading fees and removes the withdrawal limit. Premium withdrawals are processed on an hourly basis. Additionally, premium members can gift a 30-day trial membership to their friends. Trial memberships offer the same features as the premium membership, only without conditional orders on spot markets and with some withdrawal restrictions.  Wallets and Spot Markets Phemex users have access to seven custodial wallets (BTC, ETH, XRP, LINK, and USDT). These comprise the 4 spot trading pairs, which are all settled in USDT. For security, Phemex has implemented a Hierarchical Deterministic Cold Wallet System, assigning deposit addresses to all users and storing the funds in a multisignature cold wallet.  Derivatives Markets In addition to the spot exchange, Phemex lists perpetual contracts for six cryptocurrencies (BTC, ETH, XRP, LINK, XTZ, and LTC) and another perpetual contract for gold. Altcoin and gold contracts are quoted and settled in USD, while the Bitcoin contract is settled in BTC. BTC and gold Futures can be traded with a leverage of up to 100x, while all other contracts have a maximum leverage of 20x. All spot and derivatives markets can be traded on a simulated testnet, which gives users the option to test out their trading strategies before applying them with real money. Welcome Bonus and Referral Program Phemex offers three tiers of welcome bonuses. The first tier worth $2 is credited instantly upon account activation. Users who follow Phemex on Twitter and retweet their pinned Tweet receive an additional $10. Finally, funding their Phemex account with either 0.2 BTC or $1500 nets users an additional welcome bonus of $60.   Influencers can earn a commission of 50% from all users that sign up using their Referral code through the exclusive Phemex All-Star Program. In addition, they receive a commission of 10% for the referral of other All-Star participants. Users who do not partake in the All-Star Program can earn other referral bonuses, such as free premium membership. Security All of the Phemex software systems are hosted on the AWS Cloud, using firewalls and whitelists to separate different trading systems, to minimize the risk, and to mitigate the damage from potential security breaches.  User accounts are protected by two-factor authentication for all critical operations. Additionally, Phemex uses bank-level double-entry bookkeeping to prevent third-party tampering of records and to detect breaches.  User funds are stored in cold wallets, minimizing the potential damage from hacks. All withdrawals are checked for malicious activities before being approved. The Phemex trading engines allow for fast and error-free settlement of trades. Phemex operates a multilingual 24/7 customer support. Fee Structure Withdrawal fees from wallets are reasonable and generally in the same range as other exchanges. For example, Phemex charges 0.0005 BTC for Bitcoin withdrawals, or 1 USDT for Tether withdrawals. Withdrawals from USD or BTC trading accounts are free of charge.  The Taker fee on the Futures platform is 0.075% for all markets. Phemex incentivizes users who provide liquidity to their order books with a negative Maker fee of -0.025%.  For the spot markets, all transactions carried out through the Phemex website or mobile app are free of charge. For automated traders, there is an option for API-based trading, with a fee of 0.1%.  In comparison, Binance charges a base fee of 0.1% for spot trades. This means that traders with an annual volume of more than $70,000 can find a cheaper alternative in Phemex. Also, market makers and traders who prefer limit orders over market orders can profit from the negative Maker fee. Is Phemex a safe Exchange to use? Since Phemex is one of the youngest high-profile cryptocurrency exchanges, they have yet to stand the test of time. Nevertheless, Phemex is operated by a team of high-frequency trading technology professionals with multiple years of experience as Morgan Stanley executives.  Their handwriting and experience in development and cybersecurity is clearly recognizable in their security concepts. User funds are generally stored in multisignature cold wallets with 2FA and additional security checks upon withdrawal.  A negative point is the lack of clear regulation. As such, the services provided by Phemex are restricted in some jurisdictions, including the United States. Users are advised to consult the Terms of Use in order to check whether they are eligible to trade on the exchange and whether the exchange is regulated in their home country. Phemex Review Verdict Phemex is a relatively new cryptocurrency exchange, which has however shown enormous growth in the past year. The exchange promises high liquidity and leverage of up to 100x on Bitcoin and gold Futures.  The fee structure and premium membership makes Phemex an interesting alternative, especially for high-volume spot traders and limit order traders.  Key Highlights Phemex is the fastest growing cryptocurrency Futures and spot exchange in 2020. Rather than relying on trading fees, Phemex offers zero-fee spot trading for premium members. Perpetual contracts can be traded with up to 100x and altcoins with up to 20x leverage.  ", "url": "https://coingape.com/review-phemex-allows-you-to-trade-cryptocurrency-at-zero-trade-fees/", "datePublished": "2020-06-08T13:20:58+05:30", "dateModified": "2023-04-05T14:11:59+05:30", "itemReviewed": { "@type": "Thing", "name": "Phemex" }, "reviewBody": " ", "reviewRating": { "@type": "Rating", "title": "", "ratingValue": "NAN" }, "mainEntity": [ ], "publisher": { "@type": "Organization", "name": "CoinGape", "url": "https://coingape.com", "logo": { "@type": "ImageObject", "url": "https://cdn.coingape.com/wp-content/uploads/2020/02/04134109/Webp.net-resizeimage-min.png", "width": "160", "height": "50" } }, "author": { "@type": "Person", "name": "Casper Brown" } } </script> <script type="rocketlazyloadscript"> jQuery(document).ready(function(){ jQuery(".table-content,.pros-cons-container").click(function(){ let attr = jQuery(".listData").toggle(); if (attr) { 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