Deposit and Withdrawal

Phemex wallets only allow deposits and withdrawals in BTC. However, Phemex provides both a BTC trading account and a nominal USD trading account. To trade BTC settled contracts, users simply needs to fund their BTC trading accounts from a wallet. To trade USD settled contracts, users can exchange BTC from a wallet to their USD trading account through a real-time fair rate.
Phemex Wallet
Currency
Bitcoin
Minimum deposit
0.00000001 BTC
Minimum withdrawal limit
0.002 BTC
Withdrawal fee
0.0005 BTC
Time
3 times a day at 08:00,16:00,24:00 (UTC)
Security checks
1) At least one valid deposit
2) Enable Google authentication
Trading Account
BTC Trading Account
Currency
Bitcoin
Minimum deposit
0.00000001 BTC
BTC Trading Account
0.00000001 BTC
Withdrawal fee
No deposit and withdrawal fees
Time
Real-time credit
USD Trading Account
Currency
USD
Minimum deposit
0.01 USD
Minimum withdrawal limit
1 USD
Withdrawal fee
No deposit and withdrawal fees, deposits and withdrawals are settled according to the .BTC index
Time
Real-time credit

Perpetual Trading

Phemex lists BTC/USD, ETH/USD, XRP/USD, and other perpetual contracts. Makers that post quotes on the Phemex order book get rebates for each execution. Takers that take the liquidity from books are charged for each execution. Funding fees are charged or issued between long and short positions every 8 hours. Phemex does not charge any capital or overnight fees.
Symbol
Quotation and settlement
Fee Rate
Margin and leverage
Margin
Minimum Price Increment
BTC/USD
Settled in BTC, quoted in USD

Taker:0.075%

Maker:-0.025%

Cross and 1-100x

Initial Margin:1%+

Maint. Margin:0.5%+

0.5 USD
ETH/USD
Settled in USD, quoted in USD

Taker:0.075%

Maker:-0.025%

Cross and 1-20x

Initial Margin:5%+

Maint. Margin:1%+

0.5 USD
XRP/USD
Settled in USD, quoted in USD

Taker:0.075%

Maker:-0.025%

Cross and 1-20x

Initial Margin:5%+

Maint. Margin:1%+

0.5 USD
Note: Phemex reserves all rights to list new contracts and delist old contracts. Clients will be notified.
Phemex is a professional and trustworthy global cryptocurrency derivatives exchange. We offer Bitcoin, Ethereum, Ripple, Litecoin, and EOS perpetual contracts, with up to 100x leverage.
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