Phemex Spot Trading Guide: 600+ Pairs, Fees & How to Trade

Founded in 2019, Phemex is a user-first crypto exchange trusted by over 10 million traders worldwide, offering spot and derivatives trading, copy trading, and wealth management products. Among these core offerings, Spot Trading serves as the foundational gateway, allowing users to buy and sell hundreds of cryptocurrencies instantly with high liquidity and competitive fees.

What Is Phemex Spot Trading?

Phemex Spot Trading is the foundational gateway to the crypto market, allowing users to buy and sell digital assets at current market prices with immediate settlement.

Unlike derivatives where you trade based on price speculation, Phemex Spot guarantees True Asset Ownership. When you buy 1 BTC here, you hold actual Bitcoin backed 1:1 in our 100% Proof of Reserves system. You retain full rights to withdraw it to a hardware wallet, use it for on-chain payments, or transfer it to Phemex Earn for passive income.

Why Trade Spot on Phemex?

True Asset Sovereignty: You are the absolute owner of your coins. Unlike CFD platforms, Phemex ensures verifiable ownership via Merkle-Tree technology.

Zero Liquidation Risk: Spot trading involves no leverage. Your position is yours to hold forever (HODL) without the risk of forced liquidation due to market volatility.

Unrestricted Liquidity: enjoy the freedom to move your crypto off-exchange anytime. Phemex supports high withdrawal limits with no cumulative caps, ensuring your funds are never locked.

Ecosystem Integration: Seamlessly move purchased assets into [Investment Products] like Savings or Launchpool to generate yield on your idle coins.

What Can You Trade on Phemex Spot?

Phemex supports a vast array of trading pairs tailored for both long-term holders and active day traders.

Major Trading Pairs: High-liquidity markets for BTC/USDT, ETH/USDT, SOL/USDT, and XRP/USDT.
DeFi & Layer 1s: Extensive coverage of top decentralized finance tokens and blockchain infrastructure projects.
Quote Currencies: Most assets trade against USDT (Tether) and USDC (USD Coin) for stability, with select pairs available in crypto-cross pairs (e.g., ETH/BTC).

Note: New high-potential tokens are listed regularly. Visit our Markets Page for the complete real-time list.

Phemex Spot Trading Fees

Phemex charges a flat 0.1% fee for both makers and takers on spot trades — competitive with major exchanges.

Fee Type	Rate
Maker Fee	0.1%
Taker Fee	0.1%

Example: If you buy $1,000 worth of BTC, you pay $1 in trading fees.

Fee Reductions via VIP Program

Fees are determined by your 30-day spot trading volume under the Phemex VIP program.

Trading volume is calculated based on your rolling 30-day trading activity. Higher trading volumes unlock lower maker and taker fees. For the most accurate and up-to-date fee structure, visit Phemex Fees & Conditions.

Spot Trading vs. Futures Trading

Feature	Spot Trading	Futures Trading
Asset Ownership	Yes — you own the crypto	No — you hold contracts
Leverage	No	Up to 100x
Liquidation Risk	No	Yes
Expiration	Never	Perpetual (no expiry) or dated
Funding Rates	No	Yes
Best For	Holding, withdrawing, beginners	Active trading, hedging

Choose spot trading when you want to actually own cryptocurrency. Choose futures when you want leveraged exposure or need to hedge existing positions.

For derivatives trading, see the Comprehensive Guide to Phemex Futures Trading.

How to Start Spot Trading on Phemex

Step 1: Fund Your Account

Deposit cryptocurrency or purchase crypto with fiat currency through the Buy Crypto page. Supported methods include:

Crypto deposits (free)
Credit/debit card purchases
Bank transfers
P2P trading

Step 2: Navigate to Spot Trading

Go to Spot Trading or click "Spot" in the navigation menu.

Step 3: Select Your Trading Pair

Use the market selector in the top-left corner to choose your desired pair (e.g., BTC/USDT).

Step 4: Place Your Order

To Buy:

Select Limit or Market order
For Limit: Enter your desired price
Enter the amount you want to buy
Click "Buy"

To Sell:

Select Limit or Market order
For Limit: Enter your desired price
Enter the amount you want to sell
Click "Sell"

For detailed instructions with screenshots, see How to Buy or Sell Crypto on the Spot Market.

How Does Phemex Spot Trading Work?

Order Types

Phemex offers multiple order types to match different trading strategies:

Market Order: Executes immediately at the best available price. Use when you want to buy or sell right now and price precision is less important than speed.

Limit Order: Sets your desired price. The order only executes when the market reaches your specified price. Use when you want to control your entry or exit price.

Conditional Order: Triggers automatically when a price condition is met. Useful for setting up trades in advance based on technical levels.

Time In Force Options:

GoodTillCancel (GTC): Order remains active until filled or canceled
ImmediateOrCancel (IOC): Fills what's available immediately, cancels the rest
FillOrKill (FOK): Fills the entire order immediately or cancels completely

For detailed explanations of each order type, see Types of Orders on Phemex.

Execution Speed

Phemex's matching engine processes orders with millisecond latency, comparable to traditional stock exchanges. This speed matters during volatile market conditions when prices move rapidly.

Trading Tools and Features

TradingView Integration

Phemex integrates with TradingView, providing access to professional charting tools including:

100+ technical indicators
Multiple timeframes
Drawing tools and annotations
Custom chart layouts

You can chart Phemex pairs directly on TradingView by searching "PHEMEX:" followed by your desired pair.

Crypto Converter

For simple swaps without navigating the full trading interface, use the Crypto Converter. Enter the amount, select your tokens, and convert instantly.

Price Alerts

Set custom price alerts to notify you when assets reach target levels, allowing you to respond to market movements without constantly monitoring charts.

Mobile App

The Phemex mobile app (iOS and Android) provides full spot trading functionality with the same features as the desktop platform. Download from the App Store or Google Play.

Frequently Asked Questions

What is spot trading on Phemex?

Spot trading on Phemex allows you to buy and sell over 600 cryptocurrencies at current market prices. When you purchase crypto on the spot market, you own the actual asset and can withdraw it anytime.

What are Phemex spot trading fees?

Phemex charges 0.1% for both maker and taker fees on spot trades. VIP tiers offer reduced fees based on 30-day trading volume.

How many trading pairs does Phemex support?

Phemex supports over 600 spot trading pairs including major cryptocurrencies like BTC, ETH, SOL, XRP, DOGE, and hundreds of altcoins.

Can I withdraw crypto I buy on spot?

Yes. Crypto purchased on the spot market is yours to withdraw to any external wallet address at any time, subject to withdrawal limits based on your KYC level.

What's the difference between spot and futures?

Spot trading means buying actual cryptocurrency. Futures trading means trading derivative contracts with leverage. Spot has no liquidation risk; futures can liquidate positions if the market moves against you.

Does Phemex have good liquidity?

Yes. Phemex's RPI system delivers institutional-grade liquidity with BTCUSDT at 2x industry benchmarks and ETHUSDT at 5x average market liquidity.

What order types are available?

Phemex offers Market, Limit, Conditional, Stop Loss, Take Profit, and advanced order types with Time In Force options (GTC, IOC, FOK).

What Is Phemex Spot Trading and How It Works