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Liquid vs Phemex

Compare rates, fees, access, and key features side by side.

Liquid

Liquid

Liquid is a non-custodial trading and yield platform launched in 2025. While best known for its high-leverage trading, it also offers a Vault product ...

CIR score4.2
VS
Phemex

Phemex

Phemex is a crypto exchange offering exceptionally low fees and powerful tools for trading.Phemex EarnPhemex Earn is a crypto lending product from Phe...

CIR score4.3

General

Platform
Liquidlogo
Phemexlogo
Founded
Liquid2025
Phemex2019
Headquarters
LiquidDelaware, US
PhemexSingapore
Availability
LiquidWorldwide excluding US and Ontario
PhemexWorldwide, excluding US

Fees & Financial

Bonus
Liquid10% discount on fees with referral code: CIR
Phemex$20 bonus
Token
Liquid
Phemex
Compounding
LiquidNo
PhemexNo
Payouts
Liquid
Phemex
Fees
Liquid
Phemex
Lockup
Liquid4 day minimum
Phemex
Maker Fee
Liquid0.07
Phemex0.01
Taker Fee
Liquid0.045
Phemex0.06

Cryptocurrency Rates

BTC Rate
Liquid
Phemex1%
BTC Max
Liquid
Phemex3%
ETH Rate
Liquid
Phemex1.5%
ETH Max
Liquid
Phemex3%
Stablecoin Rate
Liquid
Phemex2%

Liquid

Review

Pros

  • Non-custodial with automated vault strategies
  • Targets 10%+ APY on USDC

Cons

  • Yield targets not guaranteed

Phemex

Review

Pros

  • Flexible deposit terms

Cons

  • Rates lower than other exchanges