Phemex Fees Explained & Cashback Guide | How to Save on Trading Costs

1️⃣ Introduction to Phemex & Its Fee Structure

✅ What is Phemex?

Phemex is a leading cryptocurrency exchange founded in 2019 by a team of former Morgan Stanley executives. Headquartered in Singapore, it has quickly gained popularity among traders for its zero-fee spot trading, advanced derivatives trading, and institutional-grade security. Phemex supports a wide range of cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), USDT, and many altcoins, catering to both retail and professional traders.

One of Phemex’s standout features is its Premium Membership, which allows users to enjoy zero spot trading fees, making it an attractive choice for frequent traders looking to cut costs.

✅ Why Trading Fees Are Crucial for Traders?

Trading fees play a vital role in a trader’s profitability. Even small percentage-based fees can significantly impact long-term profits, especially for high-volume traders. Here’s why understanding fees is important:

📌 Lower Fees = Higher Profits – The more you trade, the more fees accumulate, so finding an exchange with low fees can save thousands of dollars annually.

📌 Different Fee Structures – Some exchanges charge higher fees for market takers (instant trades) while offering discounts for market makers (limit orders). Understanding these structures helps traders optimize their strategies.

📌 Funding Fees & Hidden Costs – Beyond standard trading fees, traders should be aware of funding rates, withdrawal fees, and margin costs, which can add up over time.

✅ Phemex Fees Compared to Binance, Bybit, and Others

To understand how Phemex fees stack up against competitors like Binance, Bybit, and Bitget, let’s look at a quick comparison:

Exchange	Spot Trading Fees (Maker/Taker)	Futures Trading Fees (Maker/Taker)	Funding Fees	Cashback Available?
Phemex	0% (Premium Users) / 0.1%	0.01% / 0.06%	Varies (Funding Rate)	✅ Up to 30%
Binance	0.1% / 0.1%	0.02% / 0.04%	Varies	✅ Up to 41%
Bybit	0.1% / 0.1%	0.02% / 0.055%	Varies	✅ Up to 45%
Bitget	0.1% / 0.1%	0.02% / 0.06%	Varies	✅ Up to 47%

🔹 Key Takeaways:
✅ Phemex stands out with zero spot trading fees (for Premium users) compared to Binance, Bybit, and Bitget, which charge 0.1% per trade.
✅ Futures trading fees on Phemex (0.01% maker / 0.06% taker) are lower than most competitors, making it attractive for derivatives traders.
✅ Cashback opportunities exist across all exchanges, but Phemex requires an application, whereas Binance, Bybit, and Bitget offer higher cashback rates based on volume and VIP status.

2️⃣ Phemex Fees Breakdown & How They Work

Understanding Phemex’s fee structure is crucial for traders looking to minimize costs. This section breaks down spot trading fees, futures trading fees, funding fees, and withdrawal costs, along with strategies to reduce expenses.

📊 💰 Spot Trading Fees (Phemex Spot Fees)

• Maker Fee: 0.1%
• Taker Fee: 0.1%
• Zero Spot Fees for Premium Users 🚀

Phemex offers a standard maker/taker fee of 0.1% for spot trading, which is competitive with Binance, Bybit, and Bitget. However, Premium Members enjoy zero spot trading fees, making Phemex one of the best choices for frequent spot traders.

🔹 Comparison with Other Exchanges:

Exchange	Maker Fee (Spot)	Taker Fee (Spot)	Zero-Fee Option?
Phemex	0.1%	0.1%	✅ Premium Users
Binance	0.1%	0.1%	❌
Bybit	0.1%	0.1%	❌
Bitget	0.1%	0.1%	❌

🔹 Key Takeaways:
✅ Zero spot trading fees for Premium users gives Phemex a strong advantage.
✅ Other exchanges like Binance, Bybit, and Bitget charge a standard 0.1% per trade.
✅ Best for high-frequency traders who want to save on spot trading costs.

📊 📈 Futures Trading Fees (Phemex Futures Fees)

• Maker Fee: 0.01%
• Taker Fee: 0.06%

Phemex offers lower futures trading fees compared to Binance and Bybit, making it a cost-effective platform for derivatives traders.

🔹 Comparison with Other Exchanges (Futures Fees):

Exchange	Maker Fee (Futures)	Taker Fee (Futures)
Phemex	0.01%	0.06%
Binance	0.02%	0.04%
Bybit	0.02%	0.055%
Bitget	0.02%	0.06%

🔹 Key Takeaways:
✅ Phemex offers the lowest maker fee (0.01%) in the market.
✅ Taker fee (0.06%) is higher than Binance (0.04%) but still competitive.
✅ Best for traders who place limit orders and benefit from the lower maker fee.

📊 🔄 Funding Fees & Margin Trading Costs

🔹 What is the Funding Rate?

Funding fees are periodic payments between long and short traders to keep perpetual futures contracts in line with spot prices. This fee changes every 8 hours based on market conditions.

🔹 Example Calculation:

If BTC funding rate = 0.02%, a $10,000 long position will incur:

• Fee per 8 hours = 10,000 x 0.02% = $2

Traders who hold positions for long periods should monitor funding fees closely to avoid high costs.

🔹 How to Avoid High Funding Fees?

✅ Trade when funding rates are low – Check the rates before entering a position.
✅ Use limit orders instead of market orders – This reduces the impact of funding fees.
✅ Close positions before high funding fees apply – If rates are high, closing a trade before funding time can save costs.

📊 💳 Deposit & Withdrawal Fees

🔹 Deposit Fees: FREE ✅

Phemex does not charge any deposit fees for crypto deposits. However, third-party payment providers may charge fees for fiat deposits via credit cards or bank transfers.

🔹 Withdrawal Fees (BTC, ETH, USDT)

Unlike deposits, withdrawals on Phemex incur network fees, which depend on blockchain congestion.

Asset	Withdrawal Fee	Minimum Withdrawal
BTC	0.0004 BTC	0.002 BTC
ETH	0.005 ETH	0.02 ETH
USDT (ERC-20)	10 USDT	20 USDT
USDT (TRC-20)	1 USDT	10 USDT

🔹 Key Takeaways:
✅ Phemex offers free deposits for all crypto assets.
✅ Withdrawal fees vary by network (TRC-20 is cheaper than ERC-20).
✅ Check network congestion before withdrawing to reduce costs.

3️⃣ How to Get Phemex Cashback & Reduce Fees?

Reducing trading fees is essential for maximizing profits, and one of the best ways to achieve this on Phemex is through cashback programs. Cashback helps traders recover a percentage of the fees paid, making it an attractive option for active traders.

📌 💰 What is Phemex Cashback & How It Works?

Phemex offers a cashback rebate program, where traders receive a percentage of their trading fees refunded based on their trading volume and eligibility.

🔹 How Much Cashback Can You Earn?

For example, if a trader pays $100 in trading fees per month and is eligible for a 30% cashback rate, the calculation is:
✅ Cashback Earned = $100 × 30% = $30
✅ Final Trading Cost After Cashback = $70

This means the trader effectively saves $30 per month, reducing overall trading costs.

🔹 Key Benefits of Phemex Cashback:
✅ Reduces overall trading costs 📉
✅ Improves profit margins for active traders 💰
✅ Works automatically once applied 🔄

📌 🔹 How to Register for Phemex Cashback?

To benefit from Phemex cashback, traders need to apply for the rebate program. Here’s a step-by-step guide to getting started:

🔹 Step-by-Step Guide to Phemex Cashback

1️⃣ Sign Up for a Phemex Account – If you don’t have an account yet, register here (Sign up now for cashback 🚀).
2️⃣ Verify Your Account – Complete KYC verification if required for eligibility.
3️⃣ Check Cashback Offers – Go to the Phemex Rewards Program or Affiliate Program section to see available cashback rates.
4️⃣ Apply for Cashback – If eligible, submit an application to join the cashback program.
5️⃣ Start Trading & Earning Rebates – Once activated, cashback is automatically credited based on your trading fees.

🚀 Sign Up Now for Cashback

📊 💲 Cashback Comparison: Phemex vs Binance, Bybit, Bitget

Phemex cashback rates are competitive, but how do they compare to Binance, Bybit, and Bitget?

Exchange	Cashback %	Requirements	Cashback Type
Phemex	30%	Requires application	Trading fee rebate
Binance	41%	VIP users	Spot & Futures Cashback
Bybit	40-45%	Volume-based	Cashback & Bonus
Bitget	40-47%	High volume traders	Cashback tiers

🔹 Key Takeaways:
✅ Phemex offers a solid 30% cashback, making it a great option for traders.
✅ Binance and Bybit offer slightly higher cashback, but eligibility is stricter (VIP traders only).
✅ Bitget provides the highest cashback (up to 47%), but it’s limited to high-volume traders.

📌 🔎 Case Study: How a Daily Futures Trader Maximizes Cashback on Phemex

🔹 Meet Jason – A Daily Futures Trader on Phemex

• Trading Style: Jason is an active day trader who opens and closes multiple positions daily.
• Leverage Used: 20x leverage
• Starting Capital: $2,000
• Average Trade Size: With 20x leverage, Jason can control $40,000 per trade using just $2,000.
• Trades Per Day: 5 trades (both long & short)
• Trading Days Per Month: 20 days

✅ Step 1: Calculate Jason’s Monthly Trading Volume

Jason trades $40,000 per trade × 5 trades per day × 20 days = $4,000,000 trading volume per month

✅ Step 2: Trading Fees Without Cashback

Phemex charges a taker fee of 0.06% per trade for market orders.

• Total fees per month (before cashback):
  $4,000,000 × 0.06% = $2,400 in fees per month

✅ Step 3: Apply 30% Phemex Cashback

Since Jason signed up for Phemex cashback, he receives 30% of his fees refunded.

• Cashback Earned:
  $2,400 × 30% = $720 cashback per month

✅ Step 4: Jason’s Final Trading Costs After Cashback

• Total fees after cashback:
  $2,400 – $720 = $1,680
• Total Savings: $720 per month!

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🚀 Why Phemex Cashback is a Game-Changer for Jason

✅ Earns $720 back per month just by enabling cashback.
✅ Over $8,640 in cashback per year, reducing trading costs significantly.
✅ If Jason trades with $5,000 capital instead of $2,000, his cashback could triple!

4️⃣ Phemex vs Other Exchanges: Trading Fees & Cashback Comparison

When choosing a crypto exchange, traders often compare fees and cashback programs to find the most cost-effective platform. Below, we break down Phemex’s fees and cashback versus Binance, Bybit, and Bitget in three key areas:

• Spot & Futures Trading Fees
• Funding Fees
• Cashback & Rebate Programs

📊 🔹 Spot & Futures Trading Fees Comparison

Exchange	Spot Maker Fee	Spot Taker Fee	Futures Maker Fee	Futures Taker Fee
Phemex	0.1%	0.1%	0.01%	0.06%
Binance	0.1%	0.1%	0.02%	0.06%
Bybit	0.1%	0.1%	0.01%	0.06%
Bitget	0.1%	0.1%	0.02%	0.06%

🔹 Key Takeaways:

• Phemex offers competitive futures trading fees, with 0.01% maker & 0.06% taker, matching Bybit and beating Binance/Bitget.
• Spot trading fees are standard (0.1%) across all exchanges.
• Phemex Premium users can enjoy zero spot trading fees, making it more cost-effective for high-volume spot traders.

📊 🔹 Funding Fee Comparison

Funding fees are crucial in futures trading as they affect traders holding leveraged positions. These fees fluctuate based on market conditions, but we compare their typical rates:

Exchange	Typical BTC Funding Rate	Typical ETH Funding Rate	Funding Interval
Phemex	0.01% – 0.03%	0.01% – 0.03%	Every 8 hours
Binance	0.01% – 0.04%	0.01% – 0.04%	Every 8 hours
Bybit	0.01% – 0.03%	0.01% – 0.03%	Every 8 hours
Bitget	0.01% – 0.03%	0.01% – 0.03%	Every 8 hours

🔹 Key Takeaways:

• Phemex funding fees are competitive and on par with Bybit & Bitget.
• Binance may have slightly higher funding fees (up to 0.04%), which can add up for high-volume traders.
• Funding fees change based on market conditions, so checking the latest rates is essential.

📊 🔹 Cashback & Rebate Comparison

Exchange	Cashback %	Requirements	Cashback Type
Phemex	30%	Requires application	Trading fee rebate
Binance	41%	VIP users only	Spot & Futures Cashback
Bybit	40-45%	Volume-based	Cashback & Bonus
Bitget	40-47%	High volume traders	Cashback tiers

🔹 Key Takeaways:

• Phemex offers 30% cashback, making it attractive for traders looking to save on fees.
• Binance, Bybit, and Bitget offer higher cashback (40-47%), but they have stricter requirements, such as VIP status or high trading volume.
• Phemex cashback is easier to access, while competitors require large trading volumes to unlock higher rates.

🚀 Which Exchange Offers the Best Fees & Cashback?

✅ For Spot Traders:

• Phemex is the best choice for Premium users (zero fees).
• For regular users, all platforms charge 0.1% fees.

✅ For Futures Traders:

• Phemex and Bybit offer the lowest maker fees (0.01%), making them ideal for limit order traders.
• Binance has slightly higher futures maker fees (0.02%), but offers better cashback for VIP users.

✅ For Cashback Seekers:

• Phemex is the easiest to access (30% cashback with simple registration).
• Binance, Bybit, and Bitget offer higher cashback, but only for VIPs or high-volume traders.

5️⃣ FAQs: Common Questions About Phemex Fees & Cashback

6️⃣ Conclusion & Final Thoughts

📌 Pros & Cons of Phemex Fees

✅ Low trading fees (0.1% spot, 0.01%/0.06% futures)
✅ Zero spot fees for Premium users
✅ Up to 30% cashback on trading fees
❌ Not available in the US
❌ Withdrawal fees vary by asset

📌 Should You Use Phemex for Low Fees & Cashback?

If you’re looking for low trading costs, cashback rewards, and competitive futures fees, Phemex is a great choice. Cashback helps reduce trading expenses significantly, making it a smart option for active traders.

🚀 Sign up & claim cashback today!

🔹 Next Steps: What You Need to Do

✅ 1. Compare Phemex fees using our calculator
✅ 2. Register for cashback & save on trading costs
✅ 3. Join our community for the latest crypto exchange updates

📌 Follow us for updates & exclusive cashback support:
🌐 Facebook: Crypto Best Exchange
📢 Telegram: Crypto Best Exchange Community

👉 Learn More: CryptoBestExchange.com 🚀

🔗 Read More:
📖 Phemex vs Bybit: Which Exchange Has Lower Trading Fees?
📖 Best Crypto Exchanges with Cashback Programs

📖 Top 5 Crypto Exchanges with Lowest Fees in 2025
📖 How to Reduce Trading Fees on Crypto Exchanges?
📖 Spot vs Futures Trading Fees: What’s the Difference?
📖 Best Crypto Exchanges for High-Volume Traders
📖 Understanding Maker & Taker Fees in Crypto Trading

🔗 Additional References:

• Phemex Official Fee Structure – Official trading fee schedule from Phemex
• Binance Fees Overview – Binance trading fees breakdown