Phemex Invite Code 'E7W4W2' 👈 Get $500 Sign Up Bonus

Phemex is one of the best crypto exchanges for spot and futures trading. It is also known for offering one of the cheapest trading fees in the industry. Hence, many traders prefer using Phemex over other options.

So if you are planning to sign up on the exchange, you might want to use the Phemex Invitation Code, as it will help you with a sign-up bonus that can be used in your trading activities. Here is a detailed guide to help you get started with the promo code:

Phemex Invitation Code 2023

E7W4W2 is the Phemex Invitation code which gets your Welcome Bonus during your signup process.

Phemex Referral Code	Sign up on Phemex or use Invitation code E7W4W2 ✨
Phemex Sign-up Bonus	500 USDT + 5100 Phemex Tokens
Eligibility	On Sign-up 👈

What is Phemex Exchange?

Phemex is one of the popular crypto derivatives trading exchanges based out of Singapore. The exchange was established in 2019 and has quite huge popularity within a short period of time.

The exchange is known for offering a seamless and efficient trading experience for both beginner and advanced traders.

With Phemex, you can trade in every crypto market possible. As the exchange allows you to trade in the spot market, margin trading with 5x leverage of crypto futures trading. It also helps you with other crypto features like copy trading and bot trading.

Phemex also allows you to trade in more than 213 crypto assets, and the number of crypto assets keeps growing.

As far as the leverage for futures trading is concerned, it offers you up to 100x leverage, which is one of the highest in the crypto market.

Coming to the trading fees, for spot trading fees, you will be charged a standard maker and taker fee of 0.1%. On the other side, for futures trading, the standard maker and taker fee is 0.01% and 0.06%, respectively. But you can lower the trading fees by increasing your 30 days trading volume to any of the mentioned fee tier.

Key features of Phemex

Futures and Spot Trading

With Phemex, you can trade in both the spot and futures market. On one side, spot trading allows you to buy and sell cryptocurrencies at current market prices. On the other side, with futures trading, you can trade with leverage. Plus, it allows you to place both long and short orders.

High leverage

Phemex also offers you one of the highest trading leverage in the market. On the one side, for margin trading, the leverage is up to 5x, while for futures trading, you will enjoy leverage of up to 100x.

Various Cryptocurrency Pairs

Phemex supports a variety of cryptocurrency trading pairs. The number goes beyond 213. It includes some of the popular trading pairs like BTC/USD and ETH/USD.

How to get Phemex Signup Bonus?

Signing up on Phemex using the invitation code is a straightforward process. You can sign up on the exchange using both PC and mobile, and here are the complete steps:

1. Go to Phemex.com or launch Phemex mobile app

First, go to the Phemex.com website, or you can download the Phemex app on your iOS or Android device. If you are downloading the app, make sure to download it from the Google Play Store or Apple App store only to avoid any scams or hacks.

2. Create a Phemex account

Next, you will need to create a Phemex account. If you are using the Web, then click on the Register Now button on the top left, and a signup form will open up.

If you are on mobile, then after downloading the Phemex app and launch it. Then click on the Create an account button.

3. Enter the Phemex invitation code

Now, on both the Web and phone, you will see a signup form; over here, you will need to enter your email and password.

Also, to get the signup bonus, click Invitation Code (Optional), and a new text field will open. Over here, you will need to enter the following referral code: .

Once done, click on Create Account to sign up to get 500 USDT and 5100 Phemex tokens as a signup bonus.

Phemex invitation code

Also, do remember that if you don’t enter the E7W4W2 invitation code , then you will not be eligible for any signup bonus.

In case if you are wondering what’s the use of the Phemex token. Well, you can use your Phemex tokens to upgrade your trading fee tier. So your trading fee will be reduced.

Why to use Phemex Exchange and Deposit Bonus?

There are multiple reasons why you must use Phemex exchange and, of course, use its referral code to get the deposit bonus.

If I talk about the reasons to use Phemex exchange, well, the exchange is known for offering high-performance trading. It has a high-speed trading exchange that lets you execute your trades easily and quickly. So you will never miss out on a trading opportunity.

Along with that, it also offers you diverse trading options that do not help you to diversify both your trading and investment portfolio. Plus, you can try out different strategies, manage risks, and gain experience in your trading journey.

Additionally, Phemex is also a pretty secure platform. It has implemented several security features and measures to protect your data and funds.

As far as the deposit bonus program is concerned, most crypto exchanges run different promotional offers from time to time to attract new traders to their platform. This not only helps the platform to gain new customers.

Talking about Phemex, the exchange offers you a combination of two types of rewards. The first one is 500 USDT, and the other one is a 5100 Phemex token.

You can use 500 USDT welcome bonus to increase your trading capital by paying for the trading fees. Or if you make any losses while trading in the spot or futures market, you can use the cash reward to cover up your losses.

The cash reward is extremely beneficial for the new traders, as their win rate is usually low when they start trading.

On the other side, the 5100 Phemex tokens can be useful for multiple things. Phemex Token (PT) is an on-chain, transferable ERC-20 platform utility token for the Phemex exchange.

You can use the token for staking and earning vePT, which will help you with the power of decentralized governance, staking rewards, trading rewards, fee discounts, and other benefits.

The best part of these vePT tokens is that you can use them for paying your trading fees, deposit, and withdrawal fees. So, for your initial trades, there is no need to pay trading fees, and you will be able to maximize your profits.

What is the best Phemex Invitation Code as per Reddit?

While searching on the web, I am sure you have come across several Phemex invitation codes. However, if you go for the Reddit advice, then E7W4W2 is the best Phemex invitation code currently that will surely help you with a deposit bonus.

Just to be extra sure, I have personally tried the code by myself, and yes, it did help me with a Phemex welcome bonus.

More ways to earn Phemex Rewards

Apart from the Phemex invitation code for the deposit bonus, the exchange also offers you several other ways to earn rewards. So you can stay engaged with trading activities and keep earning different rewards.

These reward programs are not limited to new users. But even if you have been using the platform for several months, you are eligible to participate in these events and stand a chance to win exciting rewards.

To get started, you will need to visit Promotions > Welcome Rewards. Over here, you will find several tasks with different rewards. These basic tasks include following Phemex’s Twitter, completing learn and earn quizzes, and more.

Phemex Rewards

Furthermore, Phemex also has different challenge tasks. As a trader, you can complete the challenges to earn cash rewards for both spot and contract trading.

Most of these challenges and basic tasks are one-time only. Once you complete them, the tasks will no longer be available for you to participate.

Additionally, you can also visit the Phemex rewards center to find out a wide range of ongoing events that you can participate in. These reward programs change from time to time. So, visiting it every once in a while will help you find new events that you can participate in and earn exciting cash rewards.

Phemex Rewards

Furthermore, if you are an experienced and large-volume trader, then you can participate in Phemex’s Top Trader Competition. The exchange hosts these sorts of events several times a year, and if you win the competition, you can get up to a $500 Bonus + 20% increase in commission.

Your PNL determines the rankings of these competitions, and your trading volume during the competition period must reach $20,000 USD to be eligible to enter the leaderboard.

Phemex welcome bonus eligibility criteria

All new users are eligible to receive rewards by participating in the Welcome rewards.
All tasks besides the Learn & Earn reward and mock trading trail funds should be completed within 7 days of registration. Else, the welcome rewards tasks will expire.
The voucher rewards received from completing tasks can only be used to obtain cash-back rebates for spot and contract trading fees.
You will get disqualified if Phemex’s system detects batch account registration to get multiple rewards, profits from market manipulation, self-dealing, or wash trades. If they detect any cheating behavior, your account will be banned.

FAQs

1. Does Phemex offer No Deposit Bonus?

Yes, Phemex does offer you No Deposit bonus. However, the rewards are extremely related and won’t really increase your trading capital by a huge amount. After registering on the exchange using the E7W4W2 Phemex invitation code, you will need to complete a few simple tasks, and you will be eligible for cash rewards. For instance, if you follow any trader in copy trading, then you will get a $5 contract trading voucher.

2. How to use the Phemex bonus?

Using the Phemex bonus is a straightforward process. Let’s say you have received a $100 USD bonus in your contract trading account. Now, you can use these funds to open a new futures position just like you would do using your regular contract trading funds. Also, when you close your position in profit, the realized profit will be yours to keep, withdraw or transfer. In case your position is at a loss or gets liquidated, then the bonus will cover all your losses.

3. To claim a Phemex bonus, is it mandatory to deposit cryptocurrency?

Yes, it is mandatory to deposit funds to your account to be eligible for Phemex bonus. However, while depositing funds, you must check the eligible amount and other details via your rewards center to know about the terms and conditions and what amount you should deposit to get a lucrative welcome bonus.

4. How Much Phemex Deposit Bonus Can I Get?

Phemex offers you up to 500 USDT + 5100 Phemex tokens. However, the amount really depends on your initial deposit. So, you must check the terms and conditions before you deposit any funds on the exchange. For instance, if you make a single deposit of $50, then you will be eligible for a $10 spot cashback voucher.

5. Can I withdraw the bonus?

You are allowed to withdraw your realized profits, but it is not really recommended. If you withdraw your realized profits, then whatever trading bonus was left in your account will get removed instantly. You cannot also transfer any funds from your trading account, as it will also result in the removal of the remaining bonus. Instead, once you have used all the welcome bonuses and have enough profits in your account, you can then proceed to withdraw.

Conclusion

With the help of Phemex Invitation code E7W4W2, you can get up to 500 USDT deposit bonus along with 5100 Phemex tokens. Both of these rewards will be extremely helpful to cut trading costs and increase your profitability. Overall, the bonuses are easy to claim and get started with.