Phemex Card

Phemex Card is a virtual Mastercard debit card from derivatives exchange Phemex, available to users in the European Economic Area (EEA). The card links directly to your Phemex Spot balance and spends USDT or USDC with automatic crypto-to-fiat conversion at the point of sale. There is no issuance, annual, or closure fee, up to 1% unlimited cashback, and Apple Pay / Google Pay support. The card is issued by a licensed provider in New Zealand under the Mastercard network. Note: KYC is required and applications are limited to EEA users; real costs include the crypto conversion spread and possible FX fees. Refunds are processed in fiat and re-converted at the prevailing rate.