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Simplex 0 Fee Deposits and Rewards

Author: Alan W. Date: 2022-02-22 02:13:27

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Hello Phemex Users,

Have you been itching to buy some additional crypto to add to your bags? We’re super excited to announce the Simplex 0 Fee Deposit event, which allows you to buy crypto through Simplex without paying any processing fees.

Simplex is one of Phemex’s trusted fiat partners that helps facilitate secure and convenient crypto purchases using credit card. If you buy crypto through Simplex during this event, not only can you save on fees, you’ll even enjoy the opportunity to win bonuses from two separate prize pools!

How it works: 

  • During the event period, you can buy crypto using Simplex without being charged any Simplex card processing fees.
  • This applies to all cryptos you can purchase with Simplex (here’s the coin list of available coins through Simplex)
  • Additionally, you can win additional bonuses through buying high volumes of crypto per day through Simplex, and through transferring your purchases to contract trading account

Additional Prize Pools

There are two additional prize pools, both of which are only open to those who buy crypto through Simplex during the event period. See below for more details on each one.

Prize Pool 1: Additional Rewards Based on Your Purchases and Transfers

  • During the event period, you can earn additional rewards by buying crypto from Simplex and transferring it to your contract trading account and keeping it there throughout the duration of this event. So make sure you transfer after purchasing, to qualify for this bonus.
  • Your Bonus = 3% of the Net Deposit you transfer into contract trading account during event period
  • Net Deposit = Total Deposit (through Simplex) – Total Withdraw
  • Up to $5,000 can be rewarded to each participant for this prize pool

Prize Pool 2: Daily Bonuses to Top 3 Purchasers

  • During the event, there will be daily bonuses given out to the top 3 crypto buyers through Simplex (top 3 ranked by purchase volume on USD basis)
  • Each day’s top ranked buyer will receive $500, second place buyer will receive $300, and third place buyer will receive $100


  • Campaign Period: February 22, 2022 at 0:00 UTC to March 7, 2022 at 23:59 UTC
  • Transfer Period is the same as Campaign Period
  • Prize Pool 1 Distribution: From March 10, 2022
  • Prize Pool 2 Distribution: 3 winners daily, distributed during campaign period

Terms and Conditions

    • You must buy crypto through Simplex to receive stated benefits
    • Users are only eligible to participate with a single account. If we detect multiple accounts with the same IP addresses or UIDs, all offending accounts will be disqualified.
    • The following actions will result in immediate disqualification:batch account registration, profits from market manipulation, self-dealing or wash trades.
    • Only main-accounts are allowed in this competition, sub-accounts will not be counted.
    • Phemex reserves the right to make any final and binding amendments to these rules.

For any inquiries contact us at
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