How to Apply for the Phemex Card?

What is Phemex Card?

Phemex Card is a Mastercard virtual debit card designed to bridge the gap between crypto assets and everyday spending.

You can add the card to popular mobile payment platforms such as Apple Pay and Google Pay, and use it at millions of online and offline merchants worldwide.

With Phemex Card, you can pay directly using USDT or USDC stablecoins from your Phemex account in real time. Whether you are paying for dining, travel, or subscription services, Phemex Card offers a secure and convenient global payment experience.

Who Can Apply for a Phemex Card?

Currently, Phemex Card is available to users residing in the European Economic Area (EEA).

During the application process, users must complete address verification to confirm their eligibility.

How to Apply for a Phemex Card (App)

 

Open the Phemex App (make sure it is updated to the latest version). On the homepage, tap “Phemex Card” to enter the card application page.

Step 2: Complete KYC Verification

Tap “Verify Now” to navigate to the Identity Verification page in the Personal Center and complete the identity verification process.

Step 4: Enter Your Mobile Number

Follow the on-screen instructions to enter your Mobile number information, then tap “Continue”.

Step 5: Agree to the Terms

Read and agree to the following terms: Phemex Terms of Use、Privacy Policy、Phemex Cardholder Terms and Conditions.

Step 6: Submit Your Application

After confirming all the information is correct, tap “Confirm” to submit your card application.

How to Apply for a Phemex Card (Web)

Step 1: Go to the Phemex Card Page

Visit the Phemex official website. In the navigation bar, click “Buy Crypto” → “Phemex Card.”

Step 2: Complete KYC Verification

Click “Verify Now” to navigate to the Identity Verification page and complete the verification process.

Step 3: Verify Your Residential Address

The system will automatically check whether your country of residence and address meet the eligibility requirements. Once confirmed, click “Continue.”

⚠️ Important Notes

If you reside in one of the these supported EEA countries (Austria,Belgium,Denmark,Finland,France,Germany,Italy,Netherlands,Norway,Poland,Spain,Sweden), please enter your accurate address information on the application page to complete address verification.

If you reside in other EEA countries, please upload a Proof of Address (PoA) document issued within the last 3 months.

Accepted POA documents include:

Step 4: Enter Your Mobile Number

Follow the instructions to enter your Mobile number information, then click “Continue.”

Step 5: Agree to the Terms

Read and agree to: Phemex Terms of Use、Privacy Policy、Phemex Cardholder Terms and Conditions.

Frequently Asked Questions

Q: Is Phemex Card a credit card?

A: No. Phemex Card is a crypto virtual debit card, not a traditional credit card.

Q: What countries are supported by Phemex Card?

A: Phemex Card is currently available in the following countries:

Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, Iceland, Liechtenstein, Norway.

Q: Why was my card application rejected?

A: Your Phemex Card application may not be approved for the following reasons:

• KYC identity verification is incomplete

• Your region is not supported

• Address verification failed

• The application did not pass risk or compliance review

• Submitted information is incomplete or inconsistent

Q: What cryptocurrencies are supported by Phemex Card? Which account funds are used?

A: Currently, Phemex Card supports USDT and USDC from your Spot Account.

Please ensure that your Spot Account has sufficient balance, as transactions will be deducted directly from your Spot Account when payments are made.

Q: Do I need to activate my Phemex Card after approval?

A: No activation is required.

Once your virtual card is approved, it will be automatically activated.

You can view your card details on the card page and add the card to digital wallets such as Apple Pay or Google Pay to start making payments.

Q: Where can I use Phemex Card?

A: Phemex Card can be used at any online or offline merchant that supports the Mastercard network worldwide.

However, availability may be subject to local regulations or merchant policies.

For more details, please refer to How to Make Payments with a Phemex Card.

Q: Can I use Phemex Card for ATM withdrawal?

A: No. ATM withdrawals are not supported at this time.

Currently, Phemex Card is available as a virtual card only, which can be used for online payments or through digital wallets, but cannot be used at ATMs.

Q: What are the fees for Phemex Card?

A:For details on card fees, transaction fees, and limits, please refer to Phemex Card Fees and Limits.

Any updates will be announced through official Phemex announcements.

Q: How many Phemex Cards can I apply for?

A: Each user can apply for only one Phemex Card.

Q: Can I modify my Phemex Card information?

A: Currently, you can manage the following settings:

• Update your Mobile number

• Set or change your PIN

• Adjust transaction limits

• Freeze or unfreeze your card

• Terminate your card

Q: Is there a physical Phemex Card?

A: Currently, Phemex Card is only available as a virtual card.

If a physical card becomes available in the future, we will announce it through official channels.