Phemex Restricted Countries
Restricted countries as of Feb 2026. Source: Phemex
Phemex has restricted access to 44 regions, including the United States, Ontario, and the United Kingdom. Section 1.26 in Phemex Terms of Use lists the following prohibited areas from using the crypto exchange:
If your country is not listed above, you can sign up for Phemex here and enjoy 10% off your trading fees. Otherwise, you can scroll down to find our best Phemex alternatives.
What Countries Does Phemex Support?
Phemex offers services in over 150 countries, but they haven't published or maintain an official list. Access can vary due to local regulations, and Phemex may restrict usage in some areas to comply with regulations such as Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) standards.
Can You Use Phemex With a VPN?
If you already have a Phemex account, a VPN like NordVPN or Surfshark can be useful for accessing Phemex while traveling. However, creating a new Phemex account from a restricted region violates their terms of service and could result in your assets being frozen.
List of Phemex Alternatives
If you can't access Phemex, here are the top alternatives to consider based on our annual crypto exchange review:
FAQ
Why Is Phemex Restricted in Some Places?
Phemex is unavailable in over 40 regions because it must comply with local laws and regulations. Each country has unique requirements for cryptocurrency exchanges, and meeting these standards involves significant resources. As a result, Phemex restricts access in regions where it doesn't meet the regulatory guidelines.