What is a Fiat Deposit on Phemex?

The Fiat Deposit feature on Phemex lets users transfer fiat currencies directly into their Fiat Account. This enables them to buy cryptos at any time using their available fiat balance.

Fiat Withdrawal

Q: List of Supported and Restricted Countries for Fiat Deposit

List of Supported and Restricted Countries for Fiat DepositSee: https://phemex.com/help-center/list-of-supported-and-restricted-countries-for-fiat-deposit

Withdraw Fiat Currencies to Bank Account

1. Add a Bank Account

Add a bank account for receiving funds.

2. Submit Fiat Withdrawal

Enter the fiat amount for withdrawal and check all transaction details, such as fees and notes.

3. Receive Fiat

Complete the payment, and your fiat will be credited to your bank account.

	Supported cryptocurrencies	Supported fiat currencies	Limit per transaction	Fee	Steps	Credit time
Fiat Deposit	BTC/ETH/ USDT/USDC	USD/EUR/CHF/ AUD/GBP/JPY	Min $50 equivalent Max $100M equivalent	Fiat Deposit: 0 Fee Buy crypto with fiat balance: $50-$499 2% $500-$9,999 1.5% $10,000-$49,999 1% $50,000-$99,999 0.5% $100,000-$499,999 0.1% $500,000-$100,000,000 0.08%	1.KYC Verification 2.Fiat Deposit 3.Buy with Fiat Balance	1.Fiat Deposit: 1-2 working day 2.Buy crypto with fiat balance: Instant
Withdraw to SWIFT/Wire Transfer	BTC/ETH/ USDT/USDC	USD/EUR/CHF/ AUD/GBP/JPY	Min $30 equivalent Max $100M equivalent	$50-$499 2%+$30 $500-$9,999 1.5%+$30 $10,000-$49,999 1%+$30 $50,000-$99,999 0.5% $100,000-$499,999 0.1% $500,000-$100,000,000 0.08%	1.KYC Verification 2.Add bank account 3.Withdraw to Bank Account	1-2 Working days
Withdraw to SEPA	BTC/ETH/ USDT/USDC	EUR	Min $30 equivalent Max $100M equivalent	$50-$499 2%+€2 $500-$9,999 1.5%+€2 $10,000-$49,999 1%+€2 $50,000-$99,999 0.5% $100,000-$499,999 0.1% $500,000-$100,000,000 0.08%	1.KYC Verification 2.Add bank account 3.Withdraw to Bank Account	1-2 Working days
Withdraw to FPS	BTC/ETH/ USDT/USDC	GBP	Min $30 equivalent Max $100M equivalent	$50-$499 2%+￡2 $500-$9,999 1.5%+￡2 $10,000-$49,999 1%+￡2 $50,000-$99,999 0.5% $100,000-$499,999 0.1% $500,000-$100,000,000 0.08%	1.KYC Verification 2.Add bank account 3.Withdraw to Bank Account	10 Minutes-1 Working day

Supported cryptocurrencies

Supported fiat currencies

Limit per transaction

Fee

Steps

Credit time

Fiat Deposit

BTC/ETH/
USDT/USDC

USD/EUR/CHF/
AUD/GBP/JPY

Min $50 equivalent

Max $100M equivalent

Fiat Deposit: 0 Fee

Buy crypto with fiat balance:

$50-$499                   2%
$500-$9,999              1.5%
$10,000-$49,999       1%
$50,000-$99,999       0.5%
$100,000-$499,999 0.1%
$500,000-$100,000,000 0.08%

1.KYC Verification
2.Fiat Deposit
3.Buy with Fiat Balance

1.Fiat Deposit: 1-2 working day
2.Buy crypto with fiat balance: Instant

Withdraw to
SWIFT/Wire Transfer

BTC/ETH/
USDT/USDC

USD/EUR/CHF/
AUD/GBP/JPY

Min $30 equivalent

Max $100M equivalent

$50-$499                 2%+$30
$500-$9,999            1.5%+$30
$10,000-$49,999      1%+$30
$50,000-$99,999      0.5%
$100,000-$499,999 0.1%
$500,000-$100,000,000 0.08%

1.KYC Verification
2.Add bank account
3.Withdraw to Bank Account

1-2 Working days

Withdraw to SEPA

BTC/ETH/
USDT/USDC

EUR

Min $30 equivalent

Max $100M equivalent

$50-$499                 2%+€2
$500-$9,999            1.5%+€2
$10,000-$49,999      1%+€2
$50,000-$99,999      0.5%
$100,000-$499,999 0.1%
$500,000-$100,000,000 0.08%

1.KYC Verification
2.Add bank account
3.Withdraw to Bank Account

1-2 Working days

Withdraw to FPS

BTC/ETH/
USDT/USDC

GBP

Min $30 equivalent

Max $100M equivalent

$50-$499                 2%+￡2
$500-$9,999            1.5%+￡2
$10,000-$49,999      1%+￡2
$50,000-$99,999      0.5%
$100,000-$499,999 0.1%
$500,000-$100,000,000 0.08%

1.KYC Verification
2.Add bank account
3.Withdraw to Bank Account

10 Minutes-1 Working day

The Advantages of Fiat Withdrawal

Zero deposit fees

Fund your account for free; fast settlement on supported rails.

Institutional-size limits

Deposit up to $100M per transaction.

Global payment rails

SEPA, SWIFT, FPS and more—bring EUR, USD, GBP, etc. into Phemex.

How to Deposit Fiat with Bank Transfer?

Go to “Buy Crypto” and choose “Fiat Deposit”.
Select your fiat currency and enter the deposit amount.
Select the payment method and complete KYC and questionnaire.
Follow the instructions to make transfers through your online banking or mobile app.