Sign up for Phemex and get up to a $6,050 welcome bonus. New and existing users can also take part in many ongoing promotions – play a free game to earn bonuses, take part in the $10,000 prize pool, or become a Phemex All-Star!
See all Phemex bonuses, promo code, and promotional offers below.
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What is Phemex?
Phemex is a cryptocurrency exchange and trading platform founded in 2019 by a team of former Morgan Stanley executives. In short time, Phemex has attracted over 2 million users that records $3.2 billion of daily trading volume, which puts it among the top 10 crypto derivative exchanges per CoinMarketCap rankings.
Phemex offers many bonuses to both new and existing users.
For new users, Phemex gives you three types of welcome bonuses totaling $180; a sign-up bonus of $20, a trading bonus of $30, and a trading volume bonus of $130.
For existing users, Phemex offers many different promos and offers throughout the year.
Offer #1: Phemex $180 Welcome Bonus
New users can get up to a $355 bonus when you join Phemex with promo code C5E4W4. Earn free cryptocurrency for signing up and getting stated in your cryptocurrency investment journey.
Once you sign up for a Phemex account using this link, remember to claim each bonus you decide to take part in below:
$10 Deposit Bonus
- Sign up for a free Phemex account with promo code C5E4W4.
- Complete identity verification.
- Buy or make a single deposit of at least 0.003 BTC or 0.04 ETH.
$10 Social Media Bonus
- Follow Phemex’s Twitter account and retweet their pinned tweet.
- Submit your Twitter account on this page and wait for Phemex to review.
$10 Spot Trading Bonus
- Place a single spot order with a value of $500 USDT or more.
$20 Contract Trading Bonus
- Make a single trade on BTCUSD – BTC Margin contracts with a value of $5,000 or more.
$130 Advanced Bonus
- Accumulate a trading volume of $50,000 or more on BTCUSD – BTC Margin contracts.
- Deposit at least one of the following amounts in crypto:
- ≥ 0.05 BTC
- ≥ 2000 USDT
- ≥ 1.5 ETH
- ≥ 80 LINK
- ≥ 700 XTZ
- ≥ 15 LTC
The cheapest option to earn the advanced bonus is buying 80 LINK for about $480. If you want to have something more “stable”, you can buy $2,000 worth of Tether (USDT), which is a stablecoin where 1 USDT is pegged at $1.
Welcome Bonus Terms & Conditions
- Welcome Bonuses can be used to open positions, to pay fees, or to cover losses. Bonuses cover 50% of fees and losses prior to user’s own capital. Bonuses cannot be withdrawn to wallets, or transferred between trading accounts.
- Attempting to withdraw any funds from your trading accounts will cause any and all remaining bonus amounts to be removed immediately.
- You are not allowed to register with multiple email addresses to receive multiple Welcome Bonuses. Your account will be banned if any cheating is detected by our system.
- The New User Deposit Bonus, Social Media Bonus, and Learn & Earn Bonus are not available to users in the following regions/countries: India, Venezuela, Indonesia, Bangladesh, Vietnam, Netherlands, Philippines, Pakistan, Russia, Turkey and Ukraine. Users from these regions can still qualify for other bonuses.
- If your account is banned due to multiple-account checks, please contact online customer support or email email@example.com. Phemex will refund your deposit.
Offer #2: Phemex Referral Bonus
Refer friends to Phemex and share a $50,000 prize pool in BTC!
For the month of April, all users will share part of a $50,000 prize pool in BTC, which will be distributed at the end of the promotion.
- Receive $50 in BTC bonus when you invite 1 friend that registers and makes their first trade.
- Receive $170 in BTC bonus and Token Gift when you invite 3 friends to register and make their first trade.
- Receive $600 in BTC bonus and Token Gift when you invite 10 friends to register and make their first trade.
Additional details of this referral bonus offer here.
Offer #3: Phemex All-Star
Become a Phemex All-Star and permanently earn up to 50% commissions on all trading fees collected in your network.
- Unlimited Network Growth: Each Phemex All-Star will permanently earn a 50% commission on all trading fees collected from members in their network.
- Extra 10% Commission for All-Star Starters: All-Star Starters can invite new All-Stars, Starters will then get an extra 10% commission from their new All-Stars’ referral network.
- Transparent Commission Reports: Phemex offers an ‘All-Star commission system’ to help All-Stars track their progress in detail.
- New User Bonus: By offering a new user bonus of up to $100, Phemex helps All-Stars attract new users.
The Bottom Line
Phemex is extremely active in offering promotions for both new and existing users. From all the crypto platforms I’m using, I’d probably say they have the most going on at any single moment in time.
While you can’t withdraw the welcome bonuses from your account, they’re very useful. Not only can it be used to open trades and pay fees, you can also cover your losses with them. Keep in mind any profits made from the trades can be withdrawn.