Phemex trading fees (spot maker/taker, futures), KYC requirements and regulatory status — data with sources.
Fees — VIP 0 (base tier), no PT deduction. Spot 0.1% maker / 0.1% taker; contracts 0.01% maker / 0.06% taker for USDⓈ-M (USDT/USDC-margined) perpetuals, per the Help Center 'Phemex Trading Fee Structure' table. PT deduction is 20% on spot and 10% on USDT contracts (spot figure recorded). BTC withdrawal fee is a dynamic network fee (Help Center quotes conflicting minimums of 0.00005 and 0.0005 BTC) so it is left null.
KYC required — KYC is not required to deposit or for limited trading; it is required to withdraw (Non-KYC 24h withdrawal limit 0 USDT, KYC-verified 2,000,000 USDT) and for fiat/card services.
| Fees | |
|---|---|
| Spot maker | 0.100% ↗ |
| Spot taker | 0.100% ↗ |
| Futures maker | 0.010% ↗ |
| Futures taker | 0.060% ↗ |
| Cost of a $1,000 spot taker trade | $1.00 ↗ |
| Cost of a $1,000 futures taker trade | $0.60 ↗ |
| Fee discount with platform token | 20% ↗ PT |
| BTC withdrawal fee | Not confirmed |
| USDT withdrawal fee | Not confirmed |
| Products & features | |
| Listed coins | 600 ↗ |
| Max futures leverage | 100× ↗ |
| Copy trading | Yes ↗ |
| Earn / staking | Yes ↗ |
| Fiat deposit methods | Bank transfer · Card |
| API trading | Yes ↗ |
| Mobile app | Yes ↗ |
| Trust & regulation | |
| Licenses & registrations | 2 Poland, United States |
| Recorded security incidents | 1 2025 |
| Proof of reserves | Yes ↗ |
| User protection fund | Yes ↗ |
| KYC required | No ↗ |
| Founded | 2019 ↗ |
| Headquarters | Not confirmed |
| Access & support | |
| Interface languages | 10 en, ru, ko, ja, es, de, fr, tr … |
| Live chat support | Yes ↗ |
| Users (exchange’s own claim) | 10M ↗ |