Phemex
CoinWIn short: the difference
How Phemex differs from CoinW
First in the pair, Phemex, is a derivatives terminal. On the market since 2019, jurisdiction: Samoa.
Second in the pair, CoinW, is a venue built for leveraged trading. On the market since 2017, jurisdiction: Singapore, its own CWT token.
What Phemex gives you
Next to a derivatives terminal, Phemex answers with something else: A derivatives venue founded by people from bank trading desks. A hundred and fifty spot pairs and a hundred and twenty perpetuals, each with its own funding rate. There is savings, copy trading and trading bots. The book is even and the data is served openly, which makes its prices sound to compare with other venues.
Where Phemex is strong
an even book, open data, the funding interval stated per contract.
What CoinW gives you
The terminal is strong on contracts, but CoinW has its own ground: A venue from 2017 with a clear tilt to contracts: futures turnover is twenty times the spot figure. Our scanner carries 356 USDT pairs, and the network reference for 1,238 coins is available publicly — few exchanges do that.
Where CoinW is strong
a public network reference for 1,238 coins with deposit and withdrawal status, large futures turnover, 662 markets in the CoinMarketCap listing.
What decides it
Fees, withdrawals and limits: where the gap shows
- Jurisdiction. Phemex sits in Samoa, CoinW in Singapore. It shapes both the checks you pass and what the venue has to disclose.
- Native token. CWT on CoinW cuts fees and opens launches; Phemex has no such lever.
- Strengths side by side. Phemex: an even book, open data, the funding interval stated per contract; CoinW: a public network reference for 1,238 coins with deposit and withdrawal status, large futures turnover, 662 markets in the CoinMarketCap listing.
- Which job. Phemex is as an additional venue in cross-exchange routes and funding, while CoinW is as the second side in spot routes and a venue with an open chain list.
- Worth remembering. Phemex: a narrow listing next to the Asian venues. CoinW: no withdrawal fees in the reference, no contract addresses, and a website behind a Cloudflare check.
Which one fits you
Who Phemex suits
Phemex — as an additional venue in cross-exchange routes and funding.
Who CoinW suits
CoinW — as the second side in spot routes and a venue with an open chain list.
What people ask most
Questions about Phemex
Phemex: Does Phemex have its own token? No. Instead there is the Premium subscription with reduced fees, so the discount does not depend on an asset price.
Phemex: Does Phemex take part in your spot arbitrage? Yes. The venue serves its order book for every pair in one list, so comparing its prices with other venues is sound.
Phemex: What makes Phemex useful for routes? An even order book and fast fills. As a secondary venue it gives you a second price to compare against, rather than another hundred coins with empty books.
Questions about CoinW
CoinW: What are CoinW fees? Per CoinMarketCap and CoinGecko: contracts 0.02% maker and 0.06% taker, spot around 0.1%. Your exact rate is shown in the account — the full tier ladder is not published openly.
CoinW: Does CoinW publish withdrawal fees? No. Chains and deposit/withdrawal status are public, but the fee is only shown in the account when you create the request. That is why the fee column for CoinW stays empty in our tables.
CoinW: Is CoinW part of the transfer routes section? Yes. We read its open network reference for 1,238 coins, so routes through CoinW pass the same transfer check as the majors.
Both at once
When it makes sense to keep accounts on both Phemex and CoinW
Nothing stops you from opening an account on both: it is free, and a pair of venues almost always beats any single one on price. Keeping both pays off on funding: the rate on the same pair diverges between venues, and that gap is exactly what a delta-neutral pair earns.
Live numbers
Live Phemex and CoinW prices side by side
The table above is built from our own market snapshots: USDT pairs, perpetual contracts, P2P ads and currencies, withdrawal networks and the cheapest one. Phemex and CoinW can be compared on facts rather than promises.
Where these numbers come from
Prices are read straight from the venues and refresh automatically. There is no averaged rate here: each exchange has its own, which is why both are shown side by side.
How often they refresh
Spot and futures every few seconds; fee tiers and withdrawal networks once a day.
What the numbers say
Where Phemex and CoinW diverge the most
The transfer price stays behind the login on Phemex and on CoinW alike. Rather than publish a number we cannot verify, the row keeps a dash. Spot is wider on CoinW: 356 USDT pairs against 149, a gap of 2.4×.
Where these numbers come from
Pair counts, withdrawal networks, fee rates and the P2P currency list come from the exchanges own public interfaces. Where a venue withholds a field, the table shows a dash and an explanation.
Date of the last recalculation
Snapshot from 12 November 2026; on the page the figures refresh on every visit.
