Phemex Supported Countries | Which Countries Are Prohibited?
Mike Harry
Feb 2024
3 min read
Fact checked
Introduction: In this breakdown, we will discuss the countries that Phemex Exchange supports and those that are prohibited from using their platform. Let's cut the small talk and dive into the details and explore the supported and prohibited regions on Phemex!
eToro USA LLC: Investments are subject to market risk. Including the possible loss of principal. Don’t invest unless you’re prepared to lose all the money you invest.
With over 200 employees, Phemex is available in 200 countries excluding jurisdictions like Hong Kong, China, Bermuda, and Seychelles.
Phemex offers over 140 contract trading pairs margined in USDT with up to 100x leverage, and over 300 spot trading pairs.
The platform has amassed over 5 million users worldwide and its Android app with a 4.5-star rating has been downloaded over 1 million times.
Phemex Restricted & Banned countries
In terms of restricted countries that can't use a debit or credit card to buy crypto on Phemex, these include:
Bahamas, Bolivia, Cuba, Ecuador, Egypt, OFAC countries like Iran & Iraq, Russia, Qatar, Yemen and the United Kingdom.
Is Phemex Licensed & Regulated?
As a fully registered Money Services Business (MSB) with a Money Transmitter license, Phemex has permits and regulatory approval in multiple United States regions, Canada, Turkey, and Lithuania.
Is Phemex available in the US?
While Phemex is not licensed by FinCEN in the United States, there are no IP restrictions for American users who wish to signup on the platform.
Can I use Phemex in UK & Canada?
While Phemex is not currently available to users in the UK, Canadians are allowed to use the platform.
eToro USA LLC: Investments are subject to market risk. Including the possible loss of principal. Don’t invest unless you’re prepared to lose all the money you invest.
