Phemex offers a wide range of investment opportunities for everyone to reach their full potential.

From day one, Phemex has worked to empower individuals. Phemex wants to provide everyone with access, tools and know-how to maximize their potential and achieve financial success. Phemex believes that this is a fundamental right of every individual.

Unpredictability has become the new normal. It is only by constantly adapting to new environments that you become stronger in the face of big changes. Phemex is constantly working to optimize its services every day.

Crypto OTC trading made easy

Phemex has partnered with Legend Trading, a secure and fully licensed Money Services Business, to provide users with an optimal over-the-counter trading experience. Users must first complete the required KYC real-name verification. There is also a user guide that provides detailed information on what the Phemex OTC service is and how to use OTC trading.

You can safely buy and sell cryptocurrencies through bank and wire transfer.

Deep liquidity
Connect with all major cryptocurrency liquidity providers around the world, giving you access to more liquidity than other OTC services.
Low fee
Enjoy wire fees as low as $0. Fees decrease as transaction size increases.
Fast payment
Experience instant crypto settlements and fiat settlements that arrive in your wallet within 2 hours.

The cryptocurrency market operates 24 hours a day, 7 days a week.

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How does OTC trading work?

Cryptocurrency over-the-counter (OTC) transactions occur directly between two parties. One of the parties usually specializes in buying and selling certain crypto assets, which Phemex calls a dedicated “trading desk”. The other party (in this case, you) is called the counterparty. The price, quantity and terms of each transaction will be determined and agreed upon by both parties prior to the transaction taking place.

Stage 1
Please complete KYC (real name verification) to activate your OTC account. Choose between personal or institutional accounts.
Step 2
Deposit cryptocurrency or fiat currency into your OTC account.
Step 3
Choose the price and quantity you want. Instantly execute transactions on your behalf.
Step 4
Crypto payments are made instantly, and payments usually arrive in your wallet within 2 hours.

Phemex offers all major cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Litecoin (LTC) and TetherUS (USDT).

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What are the strengths of Phemex?

Phemex OTC transactions allow you to conveniently buy and sell virtual assets using bank and wire transfers. OTC trading makes trading large amounts of cryptocurrency much easier than regular spot trading. For example, it would be very difficult to buy 100 BTC at once on a spot exchange, and you would have to procure that BTC from multiple sellers. In OTC, even if the transaction amount is large, only the trading desk needs to handle it.

24/7 system
The transaction engine and cross engine are built on the raft protocol to provide high performance and 365 x 24 availability. System designs are protected by patents.
Professional team from former Morgan Stanley
The Phemex founding team is made up of former Morgan Stanley executives with Wall Street experience. The team is professional, flexible and very efficient.
300,000 transactions per second
A dedicated trading engine processes 300,000 transactions per second and order response times are less than 1 millisecond. It handles over $10 billion in transaction volume every day.
Easier trading with sub-accounts
Supports FIX API for institutional traders and sub-accounts for quant traders. Phemex provides a service that will satisfy every trader.
High level of wallet security
Phemex’s Cold Wallet storage has tight security, requiring two-level owner-reviewed offline signatures.
24/7 real-time multi-language support
Phemex provides real-time, 24/7 multilingual customer support. You can meet the CEO of Phemex through Telegram and Twitter.

Go to Phemex Official Website