What is KYC? KYC stands for “Know Your Customer” and is a form of identity verification that allows financial institutions to confirm the identity of their customers. The process requires some form of an identity document, such as a passport or valid ID card. The necessary identification documents vary by institution and geographic location. Despite slight differences, the KYC process always serves the same purpose. The core components of KYC are data collection and verification. Customer due diligence and continued monitoring are also part of the process. KYC broadly comprises three procedures. First, the institution collects and authenticates customer data….

The Phemex Know Your Customer (KYC) process is a safe and straightforward way of verifying your identity on our platform. Identity verification will provide users with increased security and access to additional features and benefits. To learn more about KYC on Phemex, please read “What is KYC on Phemex? (Identity Verification)” To verify your identity on Phemex, simply complete the following steps: Log in to Phemex.com and hover your mouse over your Account Name on the top right of the page. Notice on the sub-menu that appears, under your account name or email address, you have an “Unverified” tag. Click…

Dear Traders, Phemex Trivia on the Block is no longer a weekly event, but that doesn’t mean it’s gone! We’ll be hosting Trivia on the Block from time to time when we want to get everyone together for a fun time and highlight a topic in crypto or a big event on Phemex! This is a live-stream trivia contest on various hot topics in crypto. Here is a brief overview of how it works. Ways to win: We do lucky draws during the event. So active participants can have a chance of winning prizes no matter how well they do…

The Ethereum London upgrade has been completed with no new forked coin generated. Phemex has resumed deposits & withdrawals for ETH and ERC20-based tokens. Team Phemex

The Tokyo Olympics are here! We at Phemex are excited to finally have a chance to see some international sports competition, it has been too long! The Olympics and Tokyo in particular, is a place where all people and all flavors, whether they like crypto or not, are welcome. We at Phemex share this same perspective, that is why we are commencing the Phemex Olympics: United Through Trading, a dual-sport crypto trading competition. Competition Details The Phemex Olympics is a trading competition for two sports, weightlifting and sprinting! The weightlifting competition will reward ranking individuals according to their trading volume,…

The Tokyo Olympics are finally here, so we are hosting one too! As a preview and warm-up to our big event, we are launching Phemex Olympics Madness, which is a social media frenzy that requires participants to get active and social! Get ready, head to gleam, and show you belong! We have prizes on prizes waiting for you to claim, worth up to $6,000! Requirements Head to Gleam.io and retweet us at our Phemex Olympics, Welcome Bonus, Earn Crypto, Phemex Impression, and Learn & Earn posts. Please complete as many entries as you can! The more entries you complete, the…

Phemex has listed four new coins for spot trading, DOT, KSM, XLM, and ALGO. So to celebrate the new listings, we would like to give away prizes to everyone who makes $50 dollars in purchases. If you would like to participate, follow the steps on gleam.io. Trading Rules To qualify for a prize, users have to spend a total of $50 on any one of these individual coins, or through any combination of the four! The choice is yours! DOT KSM XLM ALGO So you can choose to either spend $50 dollars all on DOT, you can choose to spend…

Dear Traders, Phemex is offering spot trading for four new coins! Polkadot (DOT) Kusama (KSM) Stellar (XLM) Algorand (ALGO) As we already have these coins on our contract trading platform, we are excited to bring these to you for spot trading. We hope you enjoy our expanded offering! Details Phemex users can now spot trade the following pairs: DOT/USDT, KSM/USDT, XLM/USDT, ALGO/USDT. Happy Trading! Team Phemex

We all heard the news that Jeff Bezos is going to space, but the person who paid roughly $30 million for a seat on the rocket dropped out, and has been replaced by an 18-year old. What a time to be alive! Although these are exciting times for space tourism and exploration, us crypto folks like “to the moon” a little bit more. So to keep our cool and prepare for the next shuttle, we at Phemex are launching Space Craze, which is a deposit USDT or BTC into Earn Crypto campaign. Requirements Participants will have to do two things:…

Dear Traders, Wednesday, July 21st, between 2:00 AM and 3:30 AM UTC, we will be performing system maintenance. This will temporarily affect trading for XRPUSD, AAVEUSD, DOGEUSD. Contract Trading for these pairs will be unavailable. Please manage your positions in advance. All other symbols will be unaffected. Thank you for your patience and support. Team Phemex

We just wrapped up our PT Trader’s Arena competition and the results were great. Since we don’t want to leave you hanging for too long we think it’s time for a new event. Therefore, we’re launching Time to Trade BTC!  Time to Trade BTC is a BTC contract trading competition, so that means all you have to do is trade BTC contracts on our platform. So what’s the catch? The higher the trading volume you trade, the greater the rewards. Since it’s summer and the weather is hot, we’ve got three different prize pools to cool you off. Details Prize…

It’s already the UEFA quarterfinals, which means there are only eight teams remaining and seven matches left to battle it out to see who will be crowned “best football team in Europe!” To show our excitement and support for the tournament, we are launching Phemex Football Frenzy! What this means is for every stage left in the tourney, i.e., the quarters, semis, and finals, we will ask you users to put your lucky caps on and have a shot at predicting the match and tournament victors! Details Football Frenzy Twitter: During the quarterfinals, we will post to our social media…