Phemex and Banxa Ring in Russia Day with No Fees

Celebrating With Fee-Free Purchases

Russia Day is upcoming this month on June 12^th, and leading crypto exchange Phemex and fiat gateway payment partner Banxa are looking to provide customers with a celebratory deal. Every year for nearly the past thirty years, citizens of the Russian Federation have celebrated the global ‘Russia Day.’ Crypto buyers this year now have another way to celebrate.

Starting at 9:00 PM UTC on June 11^th, Phemex customers will be able to purchase crypto with ZERO fees. Phemex customers globally will be able to take advantage of the promotion, regardless of location or fiat currency of choice. The promotion is available to any Phemex customer looking to buy crypto with a Visa or MasterCard or via ApplePay, utilizing the Banxa gateway. Supported fiat currencies include USD, EUR, GBP, AUD, CAD, CZK, DKK, HKD, NOK, PLN, RUB, SEK, and TRY. Supported crypto assets applicable for the promotion include BTC, ETH, LINK, and USDT.

Phemex customers will be able to take advantage of this promo up until 9:00 PM UTC on June 25^th. There are no limitations with regards to the number of trades within the promotional period, allowing both new and existing customers to take full advantage of approximately two weeks of fee-free purchases. Additionally, Phemex has noted that customers must have their Visa or MasterCard as a personal (not a business) card, and first-time purchases with Banxa must go through Banxa’s standard KYC procedure. Furthermore, Banxa will hold rights within the promotion around minimum and maximum buy order limits.

Phemex: All You Need To Know

In 2017, after seeing a lack of professionalism, customer support, and trust across the growing landscape of crypto exchanges, a group of former Wall Street traders and investors, including Jack Tao, came together to form Phemex. The exchange launched just two years later. Today, Phemex is a dynamic, leading crypto exchange and futures trading platform with an emphasis on exceptional performance and trust – with the ability to execute 300,000 transactions per second with order response times under one millisecond. Additionally, the exchange provides advanced functionality tools for institutional traders and sub-accounts for quantitative traders. Meanwhile, support and security remain paramount, with all cold wallet storage available and transfers requiring two-level human scrutiny offline signatures. Accessibility around questions and concerns for the firm includes 24/7 live multilingual support lines.

Phemex & Banxa

Phemex has partnered with Banxa to enable easy, streamlined, and secure fiat to crypto purchases for Phemex customers. Banxa continues to build its partnerships with retail networks, global payment execution, and compliance infrastructure. Phemex CEO Jack Tao notes that Banxa “shares our core value of placing customers’ needs above all else”.

The upcoming Russia Day promotion with the two crypto partners will emphasize exactly that.