Phemex - Overall Rating based on 29 reviews

24% Would buy here again

Featured Reviews

Most relevant positive review

  2024-05-25
My first Bitcoin purchase

OMG, I finally bought Bitcoin and it was so exciting! I was a little nervous at first, but the whole process was super easy and quick. I can't wait to see how it goes! Read onBy: E. Heaney

Most relevant negative review

  2024-05-12
Crypto trading experience

As someone who's been around the block in crypto trading, I've dealt with all kinds of platforms. But man, let me tell you about this one platform I tried - major letd... Read onBy: Armstrong

Review with most votes

  2023-12-15
Withdrawal delays

My withdrawal has been taking forever. It's been over 3 days already, which is just not cool. I've never had to wait this long with any other platforms. Honestly, I sh... Read onBy: Norma

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    My first Bitcoin purchase

    OMG, I finally bought Bitcoin and it was so exciting! I was a little nervous at first, but the whole process was super easy and quick. I can't wait to see how it goes!


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    Crypto trading experience

    As someone who's been around the block in crypto trading, I've dealt with all kinds of platforms. But man, let me tell you about this one platform I tried - major letdown. Looked nice, super easy to use, and all that jazz. But when it was time to cash out, it was one headache after another. Customer service was no help, just gave me the runaround. Really bummed me out to see a platform that everyone talks about not being able to follow through.


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    Lost investment funds recovery

    Okay, so here's the deal. I was freaking out because I lost some serious cash from my investments. But then I stumbled upon this awesome service that helped me recover my money without charging me upfront. It was like pure magic, I swear! I felt so relieved and grateful to see my hard-earned cash back in my account. The whole thing went super smoothly, no hassle at all, and the customer service was amazing. I couldn't be happier with how everything turned out!


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    Airdrop opportunities

    Don't worry about waiting for rewards that might not come through, this platform always delivers on time! The dashboard is super easy to use and trading is a piece of cake. And best of all, you don't have to deal with those never-ending verification processes. This platform is like a breath of fresh air in the crypto world.


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    Lost Bonus

    I just joined up for an account and got a $10 bonus, which I was really looking forward to using for perpetual futures trading. But, when I moved the rest of my money to my spot wallet, my bonus disappeared like magic. And to make things worse, I can't even take out the $1 I have left because of a minimum withdrawal limit. It's super frustrating to see my bonus just vanish. This whole situation has really annoyed me, and I won't be telling other people to try out this platform.


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    Signing up for this thing

    I tried signing up for this thing and it was a total disaster. They are refusing to delete my data when I requested it, and it's a really bad situation. So, yeah, definitely steer clear of signing up for this thing.


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    Deposited bitcoin for trading

    I was so excited to start trading with my bitcoin, but things went south fast. When I tried to sell my BTC for USDT, it somehow ended up converting to Turkish Liras, which I can't even trade or convert back. Now I'm left scratching my head with a bunch of Turkish Liras that I have no use for. Not cool at all.


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    Recent account suspension

    I just went through a situation where my account got suspended on this platform out of the blue. Even though I didn't have a lot of money in there, they still decided to shut me out without giving me a good reason. The emails they sent me about it were confusing and didn't really tell me why they did it. So, if you're thinking about using this platform, just be careful because this kind of thing can happen.


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    Cryptocurrency trading platform

    Phemex is a platform that gives out awesome airdrops and chances to earn cryptocurrency, all without needing to invest a bunch of money. Their dashboard is super easy to use, letting you trade without dealing with a bunch of complicated verification stuff. Plus, they've got clear goals, big plans ahead, and a trustworthy team working on it.


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    Sign-up offer disappointment

    I was drawn in by the promise of getting cashback if I signed up through a specific website. But after I finished the trade, there was no sign of the cashback anywhere. When I reached out to the website, they said Phemex didn't acknowledge them as the referral, so I got nothing. I contacted Phemex themselves, but they seemed confused and didn't know the website at all. It looks like I got tricked by a common scam that others have fallen for too. It's really disappointing and frustrating to be deceived like this.


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    Future trading platform

    This platform is perfect for future trading. The only issue is the withdrawal process is a bit confusing and the deposit service is slow. Despite that, it's based in Singapore and has everything you need for trading. Depositing and withdrawing with a credit card is the simplest way to go. You can trade with USDT and make deposits in Euro.


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    Futures trading disaster

    This platform is a total nightmare to deal with. My futures position was liquidated unfairly and when I tried to withdraw my funds, my account got mysteriously blocked. It's like they're trying to keep my money for as long as they can. I recommend avoiding this platform at all costs, it's a total scam.


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    Scammed out of 300 euros

    This company is such a scam! They froze my 300 euros and flat out refused to give it back. Dealing with them was a nightmare, and I wouldn't wish it on anyone. Do yourself a favor and steer clear of this company.


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    Deposit delayed

    I put my NEAR in, and I waited 4 hours but it still wasn't showing up in my account. It had already been confirmed on the blockchain for hours. I reached out to support and they told me that NEAR can be slow sometimes. This is gonna be the first and only time I use this service. I can't take the chance of my trades and money getting stuck like that again.


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    Frustrating withdrawal process

    Phemex is a total nightmare when it comes to getting your hands on your cash. Dealing with all the annoying security stuff like 2FA, KYC, and waiting 24 hours for withdrawals is a total pain. Plus, the website is super slow and clunky, which just makes the whole process even worse. I'd steer clear if you're looking to quickly make trades and cash out your earnings.


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    KYC requirements for recovering lost funds

    I recently had a really annoying experience trying to get my lost funds back on this platform because of their KYC requirements. I deposited some crypto coin and messed up one number in the tag, so they made me jump through hoops to prove my identity with all kinds of pictures and info. It was a huge pain and took forever, especially for just one little mistake. I had a similar problem on a different exchange, but they made it way easier and only charged a small fee without all the extra documentation. In the end, I lost $700 dealing with the complicated recovery process on this platform. Exchanges need to make it simpler for people to get their money back when things go wrong.


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    Bad experience

    This website ain't reliable at all. I thought my info was good to go but they still blocked my withdrawal. I even took pics of the site and transaction and sent them over email. I'm fed up with these scammers, they're like pests that need to be dealt with.


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    Cryptocurrency trading experience

    My experience with that platform was a total letdown. I've never dealt with such a hassle when trying to withdraw my funds, and that just isn't right. I was left in the dark for months with no communication, which was beyond frustrating. Luckily, another company stepped in and got me my money back. Plus, the platform's liquidity was subpar and didn't meet my standards.


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    Bad layout, high withdrawal fees, limited use of bonuses, poor user experience

    Phemex is just terrible to use, seriously the worst. The layout is like a maze, I can never find what I need. Plus, they charge way too much for withdrawals, not cool at all. And those bonuses? Completely worthless. Feels like they're just trying to fool you and make you believe you're getting a good deal. Ugh, I regret ever using Phemex. Binance and coinex are miles ahead, believe me.


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    Withdrawal delays

    My withdrawal has been taking forever. It's been over 3 days already, which is just not cool. I've never had to wait this long with any other platforms. Honestly, I shouldn't have even listened to my friend who told me to use this service.