Phemex is one of the biggest crypto exchanges to trade crypto derivatives and spot. It has an attractive rewards program for its users, in which it offers rewards for fulfilling certain actions and bonuses on making deposits during the campaign period.
Let’s look at it in detail.
How To Signup With Phemex Invitation Code?
Signing up on Phemex is easy and can be completed in three easy steps, and takes less than 30 seconds.
- Visit Phemex.com
- Enter email-id, password, and invitation code, and then click on the “Create Account” button
- A quick link will be sent to your email address to complete the registration process.
- Enter the email verification code and complete the registration
To start trading with the Phemex exchange, you need to deposit funds into your account. The steps to make your first deposit into your Phemex account are:
Step #1. Login to Phemex.com
Step #2. Click on the Deposit button on the Asset window on the right side of the page. As shown below.
Step #3. Select the deposit currency from the drop-down menu and click on the “Continue” button
Step #4. Now, copy the deposit address or scan the QR code to transfer funds into the account
What is Phemex Deposit Bonus?
| Deposit Crypto | Deposit Amount | Rewards Amount | Phemex Deposit Bonus Code |
| BTC | > or = 0.05 | $60 | GWDAM |
| USDT | > or = 2000 | $60 | GWDAM |
| ETH | > or = 1.5 | $60 | GWDAM |
| LINK | > or = 80 | $60 | GWDAM |
| XTZ | > or = 700 | $60 | GWDAM |
| LTC | > or = 15 | $60 | GWDAM |
- Deposit Bonus Programme
In the Deposit Bonus program, one has to join the campaign to be eligible for a bonus. The bonus amount ranges between $20 to $2,000 and depends on the net deposit amount made during the campaign period. For example, for a net deposit of 0.01BTC, you can earn a bonus reward of $20.
The bonus amount increases gradually with the increase in the net deposit amount, and one can earn a bonus reward of up to $2,000 on a net deposit of 2BTC.
- Welcome Bonus Programme
For new users, Phemex offers a Welcome Bonus program, in which one can earn up to $100 in bonuses by performing certain actions. For example, you can claim a $10 deposit bonus on depositing any amount in BTC or ETH. Or, you can claim a bonus of $10 each for making a spot trade equal to or greater than 500 USDT and BTCUSD contract trading of value greater than 5,000 USD.
The bonus amount can be used to open positions and pay for 50% of the trading fees and losses before using your capital. You cannot withdraw the bonus amount, but you can withdraw the profits made using the bonus amount.
- Referral Bonus
You also have a chance to earn an additional bonus through the successful sign-up by your friend or family member on Phemex using your invitation code.
Once your friend accepts the invitation, completes registration, and starts trading, you will be entitled to 50% of your friend’s Welcome Bonus and a 10% discount on the contract taker fee for one month.
Here, you will receive your share of the Welcome Bonus after the invitee receives their Welcome Bonus.
Phemex Referral Code FAQ
- How do you get a Phemex bonus?
You can earn a Phemex bonus in three ways by participating in the Deposit Bonus campaign program, Welcome Bonus for new users, and Referral Bonus.
Through the Deposit Bonus program, you can earn a bonus reward of up to $2000, up to $100 through Welcome Bonus, and up to 50% of the Welcome Bonus on each successful signup using our Phemex invitation code.
- Is Phemex a good exchange?
Yes, Phemex is one of the reputed and trusted cryptocurrency exchanges in the market, having a high approval rating by its users. It ranks consistently in the list of top 10 crypto derivatives exchange platforms by trading volume.
Other exciting features include a modular interface, quick transaction time, high leverage on futures contracts, and a competitive trading fee.
- How long do Phemex deposits take?
Making deposits on Phemex is quick and straightforward. For BTC, XRP deposits, the exchange credits the amount to your exchange wallet after one network confirmation. Similarly, for ETH, USDT deposits, the amount will get reflected after 12 network confirmations.
About Phemex
Phemex was founded in 2017 by a group of eight experienced wall street traders and investors. On November 25th, 2019, the platform went live and offers trading in both spot and futures markets.
In a short time, Phemex has become one of the most trusted platforms by traders and has a registered user base of over a million users.
The exchange offers a host of advanced functions to users and has one of the fastest trading interfaces with an order response time of less than 1 ms and can execute over 300K orders per second. The exchange is integrated with 30+ liquidity providers, which helps it execute trades at the requested quote.
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