Phemex is a popular cryptocurrency exchange known for its user-friendly interface and robust trading features. For new users looking to earn free crypto sign-up rewards, using a Phemex referral code can provide significant benefits, such as trading fee discounts and referral bonuses.
In this guide, we will explore how to apply a Phemex invitation code, the benefits associated with it, and the terms and conditions to claim referral rewards.
Key Takeaways:
- Phemex is a Singapore-based crypto exchange platform that supports trading features such as spot, leverage trading up to 100x, staking, margin trading, and automated crypto bots.
- The best Phemex referral code is IUIHR7 to get a $8,800 worth of USDT welcome bonus and up to 30% trading fee rebate coupons.
- To claim Phemex referral rewards, you must complete the KYC verification, make an initial deposit, and start trading within 30 days of registration.
What is the Phemex Referral Code for New Users?
| Crypto Exchange | Phemex |
| Referral Code | IUIHR7 |
| Welcome Bonus | $8,800 worth of USDT |
| Trading Fee Discount Coupon | Up to 30% |
| Minimum Trading Volume | 100 USDT (Spot and Futures) |
| KYC Required | Yes (Mandatory to claim referral bonuses) |
The best Phemex referral code is “IUIHR7”. When you use this Phemex invite code, you can unlock several referral benefits on the cryptocurrency exchange platform.
Firstly, you’ll receive a generous welcome bonus of $8,800 USDT. Plus, the referral code grants you access to a trading fee discount coupon, which can reduce your fees by up to 30%.
To fully enjoy these rewards, you must complete the Know Your Customer (KYC) verification process and accumulate a trading volume of at least 100 USDT (Spot or Derivatives) within 30 days of signing up. You can also join the Phemex referral program and earn up to $66,000 in the prize pool every month and claim up to $9,000 in commissions.
Phemex Welcome Bonus and Other Benefits
The Phemex referral code “IUIHR7” offers new users the opportunity to claim up to 8,800 USDT in signup bonuses. Here’s a detailed explanation of how to claim these referral rewards:
Task 1: Registration and Advanced Identity Verification
Begin by registering on Phemex using the referral code IUIHR7. After registration, complete the advanced identity verification process. This step can earn you between 0.1 to 1,200 USDT. The exact amount varies, likely based on factors such as your region or the thoroughness of your verification. This reward is available for withdrawal once claimed.
Task 2: First-time Deposit or Coin Purchase
Make your initial deposit on the platform. The bonus for this action ranges from 0.2 to 1,500 USDT. The amount you receive may depend on the size of your deposit. This bonus is also available for withdrawal after claiming.
Task 3: First-time Trading
Execute your first trade on Phemex. You can start trading in the spot market. This action can reward you with 0.5 to 2,100 USDT. Like the previous bonuses, this reward can be withdrawn after claiming.
Task 4: Advanced Trading for New Users
The Phemex referral code offers additional tasks for new users. By completing these limited-time tasks, you can earn between 1 to 4,000 USDT. These tasks involve reaching certain trading volumes, trying high-leverage trading, and using staking features. The reward is withdrawable upon completion and claiming.
How to Use Phemex Referral Code?
Step 1: Create a Phemex account and verify KYC
First, visit the Phemex exchange website or download their mobile app. Look for the “Register Now” button and click it. During the registration process, you’ll see a field asking for a referral code. Enter the “IUIHR7” Phemex referral code in this field to ensure you receive the associated Phemex referral bonuses.
After creating your account, you’ll need to complete the Know Your Customer (KYC) verification. This step is crucial as it’s required to claim your referral bonuses. Navigate to the profile settings and “Verification” section to start this process. You’ll need to provide some personal information and upload identification documents.
Step 2: Deposit Funds and Start Trading
Once your account is verified, it’s time to deposit funds. Look for a “Deposit” option in the main menu. Choose your preferred cryptocurrency or fiat currency method to add funds to your account. You can deposit fiat currency using debit/credit cards or bank transfers.
With funds in your account, you can start crypto trading. Navigate to the “Markets” section, which is usually prominently displayed on the platform. Select the cryptocurrency pair like BTC/USDT or ETH/USDT you want to trade and place your first crypto order.
Step 3: Claim Phemex Signup Bonus
To claim your signup bonus, look for a “Promotions” section in your account dashboard. Now, click on “Rewards Hub”. Here, you should see the various Phemex bonus components available to you. Follow the instructions for each bonus type to claim your welcome rewards. You can also visit the referral program section and click “Invite friends” to share your referral bonus code and earn more rewards.
About Phemex Crypto Exchange
Phemex is a cryptocurrency exchange based in Singapore. Founded in 2019, it offers a wide range of advanced crypto trading features like spot trading, margin trading, perpetual futures contracts, P2P trading, and staking services. The exchange lists over 340 spot trading pairs and has its own native token called Phemex Token (PT).
Phemex’s fee structure is competitive, with maker/taker trading fees ranging from 0.1%/0.1% at the highest to 0%/0.0325% at the lowest. You can also get a 20% discount with PT tokens.
Phemex prioritizes security and is regulated by FinCEN. The platform holds licenses for money transmission activities in multiple states and operates globally. New users can deposit crypto without completing KYC/AML verification. But to trade crypto or withdraw fiat, you’ll need to verify your identity. Phemex supports several fiat currencies, including USD, EUR, GBP, CHF, JPY, and CAD.
The exchange offers various deposit and withdrawal methods. You can buy crypto using debit/credit cards, Apple Pay, Google Pay, or wire transfers through third-party services. Read our full Phemex review for more information.
Conclusion
In a nutshell, using the Phemex referral code IUIHR7 is the simple and best way to get starter rewards on this popular cryptocurrency exchange. With up to $8,800 in welcome bonuses and a significant trading fee discount of up to 30%, new users can gain a strong start in their crypto trading journey.
By following the straightforward steps—registering, verifying your account, depositing funds, and trading—you can unlock these benefits and enhance your crypto returns on the Phemex exchange. This platform not only provides generous referral rewards but also ensures a secure and user-friendly environment for all traders. For more rewards on other crypto exchanges, you can check out the Binance referral code and Bybit referral code.
FAQs on Phemex Invitation Code
How to get a Phemex referral bonus?
To get a Phemex referral bonus, start by signing up using a Phemex referral code IUIHR7. During registration, input this code to be eligible for bonuses. After creating your account, complete the KYC verification process, which is mandatory to receive rewards.
Next, deposit funds into your account and begin trading. As you trade and engage with the platform, you’ll unlock various bonus components. These can be claimed by navigating to the “Rewards Hub” in your account.
The total potential bonus can be as high as $8,800 in USDT, depending on your activity and the specific tasks you complete.
Is Phemex legit?
Yes, Phemex is a legitimate cryptocurrency exchange with a solid reputation among users, offering various features like spot trading, futures, and zero-fee trading for premium users. It employs strong security measures, including cold wallet storage and 2FA authentication, making it relatively safe for trading. The Phemex platform is also regulated under FinCEN and maintains 1:1 PoR data.
