
Intro
Phemex is one of the lading crypto exchanges in Europe. It’s established and highly-appreciated among crypto traders. However, in this article, we will go through some of the best Phemex alternatives, so without further ado, let’s go through each of them.
Best Phemex alternatives
ByBit

⚡️ Deposit fees:
Free
⚡️ Withdrawal fees:
Free
⚡️ Trading fees:
-0.025% – 0.075%
⚡️ Payment Methods:
Only crypto
⚡️ Supported fiat:
None
Up to 100x leverage
No mandatory KYC
Reduced risk of price manipulation and liquidations
No US citizens allowed
Limited number of supported coins
BitMex

BitMex
👛 Fees – Low
👛 Verification – 1 Day
👛 Reputation – Trusted
👛 Supported fiat – USD, EUR, GBP, CAD, AUD
Bitcoin Mercantile Exchange, or BitMEX, is a margin trading platform owned by HDR Global Trading Limited. HDR was founded in 2014 by three experts in the market – Arthur Hayes, Samuel Reed, and Ben Delo.
⚡️ Deposit fees:
Free
⚡️ Withdrawal fees:
N/A
⚡️ Trading fees:
0.075%
⚡️ Payment Methods:
Crypto only
⚡️ Supported fiat:
None
Futures and derivates trading
Many advanced features available
Low fees
Not suitable for beginners
No fiat deposits / withdrawals available
Margex

⚡️ Deposit fees:
Free
⚡️ Withdrawal fees:
You only pay the miners fees, Margex charges no extra cost.
⚡️ Trading fees:
0.019% – 0.060%
⚡️ Payment Methods:
You can deposit fiat via Changelly platform
⚡️ Supported fiat:
USD
Lowest fees in the industry
High leverage
No KYC
Relatively new platform
Not available in the U.S. or Japan
Anonymous company behind the platform
Binance Futures

Binance
👛 Fees – Low
👛 Verification – 1 Day
👛 Reputation – Trusted
👛 Supported fiat – USD, EUR, GBP, AUD, RUB
Binance was launched back in July of 2017 and very quickly became the world’s largest cryptocurrency exchange by trading volume with more than $1 billion on a daily basis.
⚡️ Deposit fees:
Free
⚡️ Withdrawal fees:
Vary from crypto to crypto
⚡️ Trading fees:
0.1%
⚡️ Payment Methods:
Debit Card, Credit Card, SWIFT, Bank Transfer (SEPA), and more
⚡️ Supported fiat:
USD, EUR, GBP, AUD, RUB, and 15+ more
The largest cryptocurrency platform
Various advanced services and features
Low fees and high liquidity
A large number of cryptocurrencies supported
Not fully registered
Hacked in 2019
Kucoin Futures

KuCoin
👛 Fees – Low
👛 Verification – 1 day
👛 Reputation – Trusted
👛 Supported fiat – USD, EUR, GBP, AUD, CAD + 20 more
With more than 10 million users and over 6 billion in daily trading volume, KuCoin is rightly in the top 5 crypto exchanges in the world. KuCoin is headquartered in Singapore and is also known as “The People’s Exchange.” KuCoin offers 500+ cryptocurrencies that you can buy, sell, and trade.
⚡️ Deposit fees:
Free
⚡️ Withdrawal fees:
0 – 16$ (average)
⚡️ Trading fees:
0 – 0.1 %
⚡️ Payment Methods:
Debit and Credit card, Apple and Google Pay
⚡️ Supported fiat:
USD, EUR, GBP, AUD, CAD + 20 more
180+ countries supported
Over 10 million users worldwide
Mobile app available for iOS and Android
Wide range of cryptocurrencies available
Low fees
Many additional features
Just 4 payment methods
Hacked in 2020
PrimeXBT

PrimeXBT
👛 Fees – Low
👛 Verification – 1 Day
👛 Reputation – Trusted
👛 Supported fiat – None
PrimeXBT came into the crypto markets with aggressive adverts and appealing features – it was a platform with a mission to take on the leader among crypto margin exchanges – BitMex.
So far, judging by the trading volumes, they did a moderately good job as the platform is not even among the top 20 derivative exchanges according to Coingecko data.
⚡️ Deposit fees:
Free
⚡️ Withdrawal fees:
0.0005 BTC
⚡️ Trading fees:
0.05%
⚡️ Payment Methods:
Crypto only
⚡️ Supported fiat:
None
No skills needed to start using it
Easy to use
High leverage
Low fees
Unregulated
Limited number of coins
Gate.io futures

Gate.io
👛 Fees – Low
👛 Verification – 1 day
👛 Reputation – Trusted
👛 Supported fiat – USD, EUR, GBP, JPY, AUD, + 50 more
Gate.io is widely considered one of the biggest crypto exchanges in the world. The exchange is Gate Technology Inc. which is based in Virginia, United States. There are two languages available on the platform – English, and Chinese.
The exchange offers a variety of services and features such as margin trading, perpetual contracts, crypto ETFs, options trading, leveraged tokens, and flash token swaps. Furthermore,
Gate.io offers advanced finance features such as lending crypto, crypto loans, and mining (classic mining of proof of work coins and liquidity mining of proof of stake coins).
⚡️ Deposit fees:
Free
⚡️ Withdrawal fees:
Vary from crypto to crypto
⚡️ Trading fees:
Maker: 0.01% Taker: 0.2%
⚡️ Payment Methods:
Debit/Credit Card and Bank Transfer
⚡️ Supported fiat:
USD, EUR, GBP, JPY, AUD, + 50 more
A lot of advanced features and services
Large user base
Suitable for experienced traders
A low number of fiat currencies
Regulations are a gray area
Hacked in 2015
Not suitable for beginners
Stormgain

LocalBitcoins
👛 Fees – Low
👛 Verification – 1 Day
👛 Reputation – Trusted
👛 Supported fiat – USD
StormGain was launched in 2019, and it serves as a crypto trading platform. With headquarters in London, StormGain is one of the most popular UK crypto exchanges. Currently, it has more than 5 million users from more than 180 countries.
⚡️ Deposit fees:
Free for crypto and 5% for fiat deposits
⚡️ Withdrawal fees:
0.1 %
⚡️ Trading fees:
0.095 % (BTC)
⚡️ Payment Methods:
Credit/Debit Card and Third-party methods
⚡️ Supported fiat:
USD and none for withdrawal
Extremely high leverage
Low fees
24/7 Customer support
Still an unregulated platform
Doesn’t support crypto-to-fiat exchanges
Read also:
FAQs
Yes, you can.
Yes, Phemex does report to the IRS.
Yes, you can send Bitcoin and other cryptocurrencies with Phemex.
Yes, Dogecoin is available in Phemex.
CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com