The Phemex referral code is JIYBQ7. Discover what features Phemex has to offer, its minimal price, high level of security, and full customer support. Find out about trading options and user feedback and how to maximize your bonus and reward capability with the referral code JIYBQ7 on Phemex.
Phemex is among the well-acknowledged exchanges of cryptocurrencies that will eventually provide a wide range of trading products and financial services.
Phemex is designed for both beginners and professional traders and was founded by former Morgan Stanley executives.
Things like a Phemex referral code go a long way in enhancing one’s trading, with things like exclusive bonuses and rewards using codes such as ‘JIYBQ7’.
2. Overview of Phemex Referral Program
Phemex Official Website
Referring to the Phemex referral program, it provides benefits to a user for inviting a friend to the platform.
Valuable rewards for both the referrer and the invitee are possible with the help of a referral code ‘JIYBQ7’ during registration. This ranges from welcome bonuses to discounts on trading fees, which are just but a few of the promotional benefits aimed at ensuring that new users begin their trading experience in the best possible way.
3. Benefits of Using a Phemex Referral Code
Welcome Bonus: A bonus of up to $8,800 can be earned by users through the completion of certain tasks involving deposit completions, social media-oriented tasks, and trading milestones.
Trading Fees Discount: Referral codes do offer some kind of discount on trading fees, making trading cheaper. Additional discounts of 20% for spot and 10% for contract trading are given if users pay for the fees using the Phemex Token.
Extra Rewards: Participate in ongoing promotions and enjoy extra rewards. Phemex often holds trading competitions, learning campaigns, and other promotions that give extra rewards.
With the referral code ‘JIYBQ7’, new users will be able to maximize their benefits while having a comprehensive experience in trading at Phemex.
4. How to Sign Up Using a Phemex Referral Code
Sign up with Phemex referral code to get bonuses
How to Create an Account on Phemex
Step 1: Registration page:
If you visit the Phemex website, there you’ll find a “Register” button.
Enter Your Details: Provide your email or phone number and create a password.
Step 2: Referral Code:
Please type the referral code as ‘JIYBQ7’ in the box provided for the invitation code.
Step 3: Verify Your Account:
Complete the identity verification process, if needed.
Step 4: Claim Your Rewards:
After registration, access the Phemex Reward Hub. That is where you will have the opportunity to go through and fill out various tasks to receive your welcome rewards, from depositing to following Phemex on social media and trading.
Using referral code ‘JIYBQ7’ at the time of sign-up will ensure all the available bonuses and rewards.
5. Detailed Bonus Breakdown
Welcome Bonuses: Receive up to $8,800 in free bonuses. These include:
Deposit Bonus: Get $10 when you make your first deposit above 0.003 BTC or 0.04 ETH.
Social Media Bonus: Follow Phemex on Twitter, and get a chance to earn $10 by mere video retweeting of their pinned tweet.
Trading Bonus: Get $10 on a spot trade worth $500 USDT and get $20 on a contract trade worth $5,000 USDT.
Advanced Bonus: Get as much as $130 in bonuses for trading volumes equal to or above $50,000.
Referral Bonus: Invite friends to Phemex and share a $50,000 prize pool in BTC. Refer one friend, get $50 BTC; refer three friends, get $170 BTC; refer ten friends, get $600 BTC.
Terms and Conditions:
The use of bonuses for trading is allowed; however, paying fees and immediate withdrawal aren’t supported.
In such a case, the remainder of your bonus balance would be canceled. It is forbidden to create several accounts with the same person for receiving the on-account bonuses.
Such attempts will be penalized by a ban. You may also earn all these kinds of bonuses when you use the referral code ‘JIYBQ7’ and maximize all trading potential.
6. Phemex Trading Features
Phemex Earn
Phemex will offer various trading options, a suite that caters to different trading strategies and preferences.
Spot Trading: Trade more than 275 cryptocurrencies with deep liquidity and fast execution.
Derivatives Trading: Get access to futures contracts featuring up to 100x leverage and speculate on the price movements of assets without their actual ownership.
Copy Trading: Automatically copy successful traders’ trades. This is good for beginners who want to learn from experienced traders.
Grid Trading involves automated trading using strategies that buy at low and sell at high points within a predetermined price range, hence ideal for market volatility.
The referral code ‘JIYBQ7’ will let you use all these features of comprehensive trading at Phemex to its fullest utility in the field.
7. Fee Structure
Phemex boasts a competitive fee structure, in which active traders benefit:
Trading Fees: The fixed rate for makers and takers alike in spot trades is 0.10%; for contract trading, maker fees are 0.01% and taker fees are 0.06%. These can be further reduced by 20% in the case of a spot trade and by 10% in the case of a contract trade if one uses the Phemex Token (PT) to pay for fees.
While deposits on Phemex are free, their withdrawal attracts certain fees that are different according to the cryptocurrency.
Examples include Bitcoin, where the fee required for withdrawal is 0.0005 BTC. This information is best verified on the platform for accuracy in real-time updates.
Also, sign up with the referral code ‘JIYBQ7’; by doing so, you will enjoy these very low fees and save a fortune on trading.
8. Security Measures
Phemex Top Traders
Phemex pays a lot of attention to the security of its users’ assets, implementing several robust measures to that end:
Cold Wallet Storage: A large portion of the user’s funding is stored in offline cold wallets, hence not accessible to hacking.
Two-Factor Authentication: The ability to use 2FA, where users can turn it on to add another layer of security required whenever trying to log in or make withdrawals.
Proof of Reserves: Phemex gives permission for proof of reserves to be given. This practice means that the user may verify that his assets are fully collaterally backed and kept in safe custody.
Encryption and Secure Protocols: Phemex uses SSL encryption and also other industry-standard security protocols to protect users’ data and transactions.
Besides using the referral code ‘JIYBQ7’, you get bonuses, which again assure you that you are trading on a secure platform.
9. Customer Support
Phemex Help Center
Phemex offers full customer support in various ways to help users:
Support Channels: Phemex has 24/7 customer support with live chat and email. Its Help Center has an extensive knowledge base hosting a great variety of FAQs, user guides, and tutorials that will help users get through common issues on their own.
Response Times: Generally, response times are fast, and most queries are resolved within hours. The support staff is knowledgeable and eager to help with many trading-related questions.
Join Phemex via referral code ‘JIYBQ7’ to get assured customer support and ask for help anytime in need.
10. User Feedback and Community
Phemex has a user base and an active community giving positive feedback about their services:
Users Reviews: Users found Phemex very intuitive, its fees were low, and Security was High. The majority of users admired a wide range of trading options and reliability.
Community Involvement: Phemex seems active around social media platforms or crypto forums, where users often share tips, experiences, and updates. The community provides a decent platform for both beginners and professional traders.
This is an invitation to join Phemex using the reference code ‘JIYBQ7’ and become a part of this ever-growing community where you can share your knowledge and experience.
11. Conclusion
Phemex is an integrated and safe cryptocurrency exchange that has amazing advantages if someone wants their friends to join too, through the referral program:
Pros: Minimum trading fee; huge support for several cryptocurrencies; advanced trading functionality, great security, and responsive customer support.
Cons: Withdrawal fees vary with different cryptocurrencies; advanced functionality might be tricky for a complete beginner to use.
Overall, Phemex is an option in which both newcomers and pros will find plenty of benefits connected not only with security but also with functions. Apply referral code ‘JIYBQ7’ to maximize your benefits and get the full Phemex experience.
