Phemex Welcome Bonus: Mystery Boxes for a 100 USDT Deposit and First Trade
by Phemex
New Phemex users with Advanced KYC can open a random Mystery Box for a first deposit of at least 100 USDT and another for a first trade of at least 100 USDT. The boxes are listed at 10 to 2,000 and 20 to 3,000 USDT and may hold cash, a BTC airdrop, a trading bonus or fee vouchers, so the low end of those ranges is the realistic expectation.
Researched and rated by the BrokerBonuses editorial team · Last verified 2026-10-01 · How we rate
Risk warning: Trading carries a high risk of losing money, especially with leveraged products such as CFDs. A bonus does not reduce that risk. Only deposit what you can afford to lose.
Value rating breakdown
Availability
Checking availability…All countries except those restricted
The catch
What you can withdraw depends on the box. The hub lists cash, BTC airdrops, trading bonuses and fee vouchers as possible contents without saying which one you will get, and only cash and airdropped BTC behave like ordinary balance. A trading bonus can only be used in futures, covers 50% of trading fees and losses, and is never withdrawable itself; only realized profit is, and withdrawing that profit removes the remaining bonus. Fee vouchers only refund trading fees you actually pay. Bonuses and vouchers expire 7 days after they are claimed.
How to claim
- Register a Phemex account and complete Advanced KYC identity verification.
- Open the Rewards Hub to see the Newcomer Welcome Gifts tasks and their countdown.
- Make a first deposit of at least 100 USDT to unlock the first Mystery Box.
- Place a first trade of at least 100 USDT to unlock the second Mystery Box.
- Open each box from the Rewards Hub and use any bonus or voucher within 7 days of claiming it.
- Optionally join the Deposit and Trading Challenge, which starts at a 500 USDT net deposit plus 2,000 USDT of spot or 10,000 USDT of futures volume.
Full review
Phemex has restructured its welcome offer into Newcomer Welcome Gifts on the Rewards Hub. There are two basic tasks: a first deposit of at least 100 USDT unlocks a Mystery Box listed at 10 to 2,000 USDT, and a first trade of at least 100 USDT unlocks a Mystery Box listed at 20 to 3,000 USDT. Each box holds cash, a BTC airdrop, a trading bonus or fee vouchers, and the contents are random, so the realistic expectation is the low end of each range, about 30 USDT combined, and not all of it is withdrawable.
The "up to 15,000 USDT" banner on the hub adds a separate 10,000 USDT Deposit and Trading Challenge with spot and futures ladders paying 25, 100, 500 and 5,000 USDT. Its entry rung already needs a net deposit of at least 500 USDT plus 2,000 USDT of spot volume or 10,000 USDT of futures volume. Futures positions must be held for at least 1 hour to count, and stablecoin pairs, zero-fee trades and volume traded with vouchers are excluded. The hub also offers a 7% interest-boost coupon for staking at least 500 USDT.
The catch is the reward form. Trading bonuses can only be used in futures, cover 50% of fees and losses, and cannot be withdrawn; only realized profit can, and withdrawing that profit removes whatever bonus is left. Fee vouchers only refund trading fees. Bonuses and vouchers are valid for 7 days after you claim them, the newcomer tasks run on a countdown of about 7 days, and rewards are distributed within 7 working days after a task closes. Advanced KYC is required, and institutional accounts, market makers and API users are excluded. An older Phemex bonus page listed extra conditions, such as a minimum of $100 of trading, for users in India, Venezuela, Indonesia, Bangladesh, Pakistan, the Philippines and Vietnam; that page is no longer online, so check the task list in your own account.
Pros
- +No bonus code needed; the tasks appear on the Rewards Hub after sign-up
- +Two simple tasks: a 100 USDT first deposit and a 100 USDT first trade
- +Some Mystery Box outcomes are cash or a BTC airdrop rather than vouchers
Cons
- −Box contents and amounts are random, so the 2,000, 3,000 and 15,000 USDT figures are ceilings, not payouts
- −Trading bonuses are futures-only and not withdrawable, and withdrawing profit removes the rest of the bonus
- −Short windows: about 7 days for the tasks and 7 days to use a claimed bonus or voucher
- −The Deposit and Trading Challenge needs at least a 500 USDT net deposit plus 2,000 USDT of spot or 10,000 USDT of futures volume
- −Advanced KYC required
- −Fee vouchers only refund fees you actually pay, so they are worth nothing if you do not trade
Two random Mystery Boxes (from 10 and 20 USDT) with Phemex
Now you know the terms. Claim it on the broker's own site.
Sources & verification
We research every bonus from the broker's official pages and re-check it on a 60-day schedule.
Confirmed against official sources: Bonus amount, Minimum deposit, Time limit, Withdrawal terms, Turnover requirement, Restricted countries, Account type.
Broker regulation: US Financial Crimes Enforcement Network (license MSB #31000171217304), Lithuanian Financial and Capital Market Commission (license VASP - Company Code 306047839), Canada (license Money Services Business), Capital Markets Board of Turkey (license Regulatory Approval).
- Bonus terms and conditions: phemex.com ↗
- Phemex official site: phemex.com ↗
Last verified 2026-10-01. Next review within 60 days.