FR72P8 (Get $4,800 Welcome Bonus)

Cryptocurrency exchanges offer exciting ways to trade and grow digital assets. Many platforms now include referral programs to attract new users and reward loyal ones. These programs provide bonuses, fee discounts, or extra perks when you invite friends to join. A referral code acts as your ticket to these benefits, making trading more affordable and fun.

This guide will cover what the Phemex invite code is, what the benefits of using an invitation code are, and a step-by-step guide on how to use the Phemex referral code.

What is Phemex Referral Code?

A Phemex referral code is an invite code shared with new users by existing users to onboard them on the platform with special welcome bonuses and discounts. It’s designed to reward both the new trader and the person who shared the code with bonuses like coupons or fee reductions.

The best Phemex referral code for 2025 is FR72P8. By using it, you’ll unlock a generous $4,800 welcome bonus and enjoy a 30% discount on trading fees, giving your crypto journey a solid head start.

Phemex Referral Code	FR72P8
Welcome Bonus	$4,800 sign-up bonus
Trading Fee Rebate	Up to 30%
Terms & Conditions	Deposit and Trade
KYC Required	Yes

Phemex Bonus and Rewards

Here are the Phemex bonuses and rewards attached to our referral code:

• KYC Verification: Complete identity verification to earn a $10–1,200 USDT spot cashback voucher.
• First Deposit: Deposit at least 50 USDT to receive a $5–1,500 USDT spot cashback voucher.
• First Trade: Make a spot or contract trade of 100 USDT or more to get a $5–2,100 USDT cashback voucher or trading bonus.

A 30% reduction on trading fees applies to all transactions for new users who sign up with our Phemex referral code FR72P8. This discount enhances profitability, especially for day traders.

How to Use the Phemex Invitation Code?

Step 1: Create a Phemex Account with Our Invite Code

First, head over to the official Phemex website, and on the homepage, locate the “Sign Up” button. Click it to begin the registration process. You’ll be prompted to enter your email address and create a strong password.  At this stage, you’ll see an optional field labeled “Invitation Code.” This is where you will input the code FR72P8, which offers a $4,800 welcome bonus and a 30% trading fee discount. 

After filling in your details, agree to the terms of service and click “Create Account.” Phemex will send a verification email—open it, click the link, and your account will be active.

Step 2: Complete KYC Verification

Next, navigate to the “Account” section by clicking your profile icon in the top-right corner. Select “Identity Verification” from the dropdown menu. You’ll be asked to provide personal details like your full name, date of birth, and address, followed by uploading a government-issued ID (e.g., passport or driver’s license) and a selfie for facial verification. 

The process is straightforward and usually takes a few minutes to a couple of hours for approval. Completing KYC within 30 days of registration is key, as some rewards, like the cashback voucher worth up to $1,200, depend on it.

Step 3: Deposit and Trade Crypto

Now that your account is verified, it’s time to fund it and start trading. From the homepage, click “Assets” in the top navigation bar, then select “Deposit.” Choose your preferred cryptocurrency (e.g., USDT, BTC, or ETH) and copy the wallet address provided. 

Transfer at least 50 USDT (or equivalent) from an external wallet or exchange to this address. Go to the “Markets” tab, pick a trading pair (like BTC/USDT), and execute a spot and futures market trade worth at least 100 USDT. This action will unlock additional bonuses tied to your referral code. Be sure to complete these tasks within 30 days of signing up to stay eligible for the full reward package.

Step 4: Claim the Sign-Up Bonus

Finally, claim your rewards by visiting the Rewards Hub. Here, you’ll see a “Welcome Rewards” section listing tasks you’ve completed—like KYC, depositing, and crypto trading volume—along with their associated bonuses.

Phemex Referral Program

The Phemex Referral Program offers a rewarding way for users to invite friends and earn referral benefits. When you sign up on Phemex, you’re given a unique referral code or link, which you can share with others. If someone uses your code to create an account and completes specific actions—like verifying their identity, depositing funds, or trading—you both reap the rewards. 

For the person inviting, there’s a chance to earn up to $9,000 in commissions based on the trading activity of those they’ve referred to, alongside a share of a $66,000 prize pool for top performers. New users, meanwhile, gain access to a welcome package that can reach $4,800 in bonuses.

Phemex Referral Bonus Terms & Conditions

Here are the Phemex referral code bonus terms and conditions:

• Invitees must register with our unique referral code; and creating duplicate accounts to exploit bonuses is forbidden and may result in permanent account suspension.
• New users need to finish tasks like identity verification, depositing funds, and trading within 30 days of registration to qualify for referral rewards.
• Referral bonuses, including trading credits and cashback vouchers, are restricted to trading use only and cannot be withdrawn, though any profits earned from them can be freely cashed out.
• Once conditions are met, rewards are credited within two hours—USDT cashback goes to your spot wallet, while trading bonuses are added to your contract trading account.
• Cashback vouchers remain valid for 14 to 30 days after issuance, and you must claim rewards within 30 days of eligibility, or they’ll expire.

About Phemex Crypto Exchange

Phemex is one of the best crypto exchanges that was launched in November 2019. Founders, ex-Morgan Stanley executives, started it in Singapore. The platform now supports more than 5 million active users across over 200 countries worldwide.

It provides access to over 470 cryptocurrency pairs, including popular options like Bitcoin and Ethereum. The exchange’s advanced technology handles up to 300,000 transactions every single second. Trading fees remain affordable at just 0.1% for spot market transactions. 

Let’s understand Phemex’s advanced trading features in detail below:

Key Features & Products

• Futures Trading: Phemex’s Futures Trading feature allows users to trade perpetual contracts with up to 100x leverage, covering assets like BTC, ETH, and XRP. You can speculate on price movements without owning the underlying crypto, using USDT or coin-margined contracts.
• Phemex Earn: Phemex Earn provides a way to generate passive income, offering up to 10% APY on 20+ cryptocurrencies like USDT, BTC, and ETH. You can choose between Flexible Savings, where funds remain withdrawable anytime, or Fixed Savings with terms up to 14 days for higher rates.
• Trading Bots: They automate trading strategies like the Futures Grid Bot, which executes buy/sell orders at preset price intervals. The platform also offers Spot Grid and DCA (Dollar-Cost Averaging) bots, free for all users post-KYC.
• Fiat-to-Crypto Convert: The Phemex platform lets users buy crypto like BTC, ETH, or USDT with over 80 fiat currencies (e.g., USD, EUR) via credit card or bank transfer. Purchases start at $10, processed through partners like Simplex or MoonPay, with funds hitting your wallet in minutes after KYC verification.
• P2P Trading: Phemex’s P2P Trading enables direct crypto trades between users in over 200 countries with 0% fee, supporting payments like bank transfers or digital wallets (e.g., PayPal).

Final Thoughts

In a nutshell, Phemex referral codes unlock big rewards for new traders. Invite codes like FR72P8 give you a $4,800 welcome bonus and cut your trading fees by 30%. 

You need to sign up, use the code during registration, complete tasks like KYC and deposits, and complete basic trading tasks to claim it. Also, the friends you invite earn bonuses, too, while you pocket commissions up to $9,000. The process stays simple—grab your code, share it, and watch benefits roll in. For more welcome rewards, check out our guide on the MEXC referral code.

FAQs

Is Phemex allowed in the US?

No, Phemex does not allow users from the United States to trade on its platform. The exchange restricts access due to regulatory requirements.

What is the Phemex deposit bonus?

The Phemex deposit bonus rewards new users with up to $4,800 in USDT for completing tasks like depositing funds. For example, depositing at least 50 USDT earns a $5–1,500 spot cashback voucher.

Where will we find the referral code?

You will find your Phemex referral code in the “Invite Friends” section after signing up. Log in, click your profile, and navigate to the “Invite Friends” section to see your unique code or link. New users can also enter Phemex referral codes like FR72P8 during registration. It’s a simple process to share or apply.

Is a Phemex invitation code the same as a Phemex referral code or promo code?

Yes, a Phemex invitation code is the same as a referral code or promo code. Terms like FR72P8 serve the same purpose—unlocking bonuses like $4,800 and fee discounts during sign-up

Is KYC verification required to receive the Phemex bonus?

Yes, KYC verification is mandatory to receive the Phemex bonus. You must complete identity checks within 30 days of registration to claim rewards like the $4,800 welcome bonus.

How to withdraw Phemex bonus?

You cannot withdraw the Phemex bonus directly from your account. The referral bonuses, like the $4,800 USDT from code FR72P8, are for trading only. However, profits made from trading with the bonus can be withdrawn to your spot wallet.