Phemex Deposit Bonus and Referral Guide | Earn Up to $4,800 in Bonuses | Use Code “H2YHK”

Phemex Exchange offers exclusive welcome bonuses for new users. In this guide, we’ll explain exactly how you can claim your bonus, the eligibility requirements, and what you need to do to qualify. We’ll also answer common questions, such as whether the bonus is withdrawable and whether KYC verification is required to receive it.

If you want to sign up and claim your bonus right away, you can register using our exclusive affiliate link.

 

What is the Phemex Deposit Bonus? 

The Phemex deposit bonus is a reward given to new users for depositing funds into their accounts. Depending on the deposited amount, users can get up to $4,800 USDT in trading bonuses which can be used to trade on the Phemex Exchange. 
 

How to get the Phemex Deposit Bonus (2025 Guide) 

Claim your Phemex deposit bonus in just a few easy steps:

Step 1: Create Your Account – Go to the Phemex website and click "Sign Up." Enter your email, set a strong password, and enter the referral code "H2YHK" in the designated field. This code grants access to exclusive rewards, including a bonus of up to 4,800 USDT.

Step 2: Verify Your Account – First you need to KYC (Know Your Customer) verify your account. This is important to access all the bonuses and rewards. Plus, just for completing the verification, you'll receive a mystery bonus!
 

Step 3: Make a Deposit: To qualify for the bonus, deposit at least 50 USDT or the equivalent amount in another cryptocurrency. Alternatively, you can deposit directly via bank account using one of Phemex's options, such as Visa or Mastercard.
 

Step 4: Complete your first trade:  Complete your first spot or futures trade of over 100 USDT and unlock a bonus of up to $2,100 USDT.

 

Phemex Bonus Requirements 

To claim the Phemex bonus, follow these steps:
 

-  Complete KYC verification: up to 10-1200 USDT Bonus 
-  Deposit a minimum of 50 USDT: up to 5-1500 USDT Bonus
-  Execute first trade of over 100 USDT: up to 5-2100 USDT

After completing tasks such as identity verification, making a deposit, or executing your first trade, the corresponding rewards are typically credited to your account within 2 hours.
 

How to Use the Phemex Deposit Bonus

The Phemex deposit bonus is designed for trading and cannot be withdrawn directly. However, you can use it to reduce trading fees, take larger positions, and absorb losses. Any profits generated from the bonus are withdrawable.
 

Steps to Use the Phemex Bonus:

Step 1: Log in to your Phemex account. You can find your bonus in the “Assets” section under your trading balance.

Step 2: Navigate to the Futures Trading section and select your preferred trading pair.

Step 3: Place a trade. The bonus will automatically be used to cover trading fees and potential losses.

 

By using the bonus strategically, you can enhance your trading opportunities without additional risk to your own funds. Just remember, if you attempt to withdraw the bonus itself, it will be forfeited.

 

Phemex Bonus vs. Competitors

Unlike other exchanges (e.g. Bybit Bonus Guide), Phemex takes a unique approach to its bonus structure. Instead of fixed, guaranteed amounts, Phemex offers a mystery bonus, meaning traders can receive varying rewards with lower initial requirements. This makes it possible to unlock higher bonuses with smaller deposits or trades, depending on the promotion.
 

Exchange	Bonus	KYC (Know Your Customer)	Withdrawable Profits
Phemex	$4,800 (Mystery Bonus)	Yes	Yes
Bybit	$30,000	Yes	Yes
Bitmex	$5,000	Yes	Yes
Binance	$150	Yes	Yes

Phemex gives traders a chance to win big bonuses with fewer rules, making it a fun and flexible option. Since the bonus amount is random, you won’t always know what you’ll get, but the easy requirements make it a great choice for both beginners and experienced traders.

Final Thoughts 

Phemex’s deposit bonus is a fantastic way to enhance your trading with extra funds. While you can’t withdraw the bonus itself, it helps lower fees and manage risk without using your own money. Plus, with the mystery bonus system, you can unlock higher rewards with fewer requirements than other exchanges. Many traders use multiple exchanges to diversify risk and Phemex is a great option to use as one of your exchanges. 
 

Ready to grab your Phemex bonus? Sign up now using our exclusive affiliate link and start trading with up to $4,800 in bonuses!

 

FAQ: Phemex Deposit Bonus and Referral Guide

 

What is the Phemex deposit bonus?

The Phemex deposit bonus is a reward offered to new users for depositing funds into their account. Depending on the amount deposited, users can earn bonuses up to $4,800 USDT.

 

How can I claim the Phemex deposit bonus?

To claim the bonus, create an account, complete KYC verification, deposit at least 50 USDT, and execute your first trade of over 100 USDT.

 

Are there any requirements to receive the bonus?

Yes, you must complete KYC verification, make a minimum deposit of 50 USDT, and execute a first trade of over 100 USDT to qualify for the bonus.

 

Can I withdraw the Phemex deposit bonus?

No, the bonus itself cannot be withdrawn. However, any profits generated from trading with the bonus are withdrawable.

 

How long does it take to receive the Phemex deposit bonus?

After completing the required tasks, the bonus is typically credited to your account within 2 hours.

 

Is KYC verification required to receive the Phemex bonus?

Yes, KYC verification is required to access the bonuses and rewards on Phemex.

 

Can I use the Phemex bonus for spot trading?

No, the Phemex deposit bonus is designed specifically for trading in derivatives and futures, not for spot trading.

 

Where can I sign up for Phemex and claim my bonus?

You can sign up for Phemex and claim your bonus by using our exclusive affiliate link to access special rewards.