OTC Trading | Bitcoin OTC Trading

Our OTC trading offers institutional-grade services. The bigger the transaction, the lower the fees.
Trade Size are shown in USD equivalent

Trade Size	$50 ~ $499	$500 ~ $1,999	$2,000 ~ $4,999	$5,000 ~ $9,999	$10,000 ~ $49,999	$50,000 ~ $99,999	$100,000 ~ $499,999	$500,000 ~ $100,000,000
Deposit fee	$0	$0	$0	$0	$0	$0	$0	$0
Trade fee	2.00%	1.50%	1.50%	1.50%	1.00%	0.50%	0.10%	0.08%
Withdrawal fee	$30	$30	$30	$30	$0	$0	$0	$0

Trade Size	Deposit fee	Trade fee	Withdrawal fee
$50 ~ $499	$0	2.00%	$30
$500 ~ $1,999	$0	1.50%	$30
$2,000 ~ $4,999	$0	1.50%	$30
$5,000 ~ $9,999	$0	1.50%	$30
$10,000 ~ $49,999	$0	1.00%	$0
$50,000 ~ $99,999	$0	0.50%	$0
$100,000 ~ $499,999	$0	0.10%	$0
$500,000 ~ $100,000,000	$0	0.08%	$0

FAQ

1. How to buy crypto with Bank Transfer?

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2. How to Sell Crypto with Bank Transfer？

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3. Will Phemex charge any transaction fee?  

No, Phemex will not charge users any transaction fee. But third-party service providers charge transaction fees for crypto purchase. Please check the official website of the respective service provider for the actual fee.

4. Why is the final price quote from the service provider different from the quote I saw on Phemex?  

The prices quoted on Phemex are derived from prices provided by third-party service providers, and are for references only. It may differ from the final quote due to market movement or rounding error. Please refer to the respective service providers' official website for accurate quotes.

5. When will I receive the cryptocurrency I purchased?  

Type	Deposit Arrival Time	Supported Fiat
SEPA	1-2 Working days	EUR, GBP
FPS (Faster Payments, UK only)	1 minutes - 2 Hours	GBP
Bank ACH (US Domestic Banks only)	3 - 5 Working days	USD
Wire Transfer (US Domestic)	2 Working days	USD
Wire Transfer (International via SWIFT)	2 - 3 Working days	USD, EUR, GBP, CHF, AUD, CAD, JPY
Debit Card/Credit Card (Global)	Instant	USD, EUR, GBP, CHF, AUD, CAD, JPY

6. Is KYC mandatory on Phemex?  

Yes，for first-time purchase, KYC Identity Verification is necessary for transaction security. But if KYC is completed on Phemex, KYC is not required again on the third-party provider platforms.

7. What is the reason for the delay in receiving my cryptocurrency? Whom should I contact for help?  

According to our third-party providers, there are two main reasons for the delay:
(a) Failure to submit proper KYC documents or suspicious activities.
(b) Fiat payment failed to successfully go through.

If you do not receive cryptocurrency in your Phemex account within normal arrival time, as stated in Question (When will I receive the cryptocurrency I purchased?)，please reach out to the appropriate third-party provider or Phemex CS to seek immediate assistance.

8. Disclaimer  

You acknowledge that this service is provided by Legend Trading, The Leading US Regulated Crypto Trading Firm.

Phemex will not be responsible for any of the contents, advertisements, products, services, or other materials of any third party providers, nor does this link represent an endorsement or solicitation of any products or services provided on or via such websites.

We will not be liable for any loss or damage caused in connection with the use or reliance on any content or services available on or through any third-party website.

Should you have any issue during the use of this service, please reach out to the Legend Trading support team or Phemex Customer Support team to seek immediate assistance.

Our Fees