5 Best VPNs for Phemex in 2024

Phemex allows trading with 250+ assets. However, it is partially restricted in the USA and dozens of other countries, whose residents can only purchase or sell crypto via wire transfer. Spot and contract trading is prohibited. Phemex is completely banned in many regions, while in others, debit and credit cards are not allowed for trading. 

Let's not forget that scammers are making a huge profit from hacking crypto wallets. By subscribing to a premium VPN, you will be able to access and securely trade on Phemex in the USA and from elsewhere. It will strengthen your privacy and let you bypass geo-restrictions by providing you with a new IP, thus letting you use it even while traveling.

This guide will provide an overview of the best VPNs for Phemex and show you how to use this crypto exchange with a VPN. We’ll also explain why you need a VPN, list the restricted countries, talk about its legality in the US, and more.

Best VPNs for Phemex - Our Shortlist

1. NordVPN – Our #1-Rated Best VPN for Phemex in 2024
2. Surfshark – Capable Phemex VPN with Unlimited Device Connections
3. ExpressVPN – Privacy-First VPN for Phemex with Robust Security
4. CyberGhost VPN – User-Friendly VPN for Phemex with Wide Device Compatibility
5. Private Internet Access – Advanced Phemex VPN for Experienced Users

How to Use Phemex in the USA with a VPN 

You first must subscribe to a VPN that has servers in countries where the crypto exchange is accessible. Then, download the VPN software and connect to a suitable server. Follow these simple steps:

1. Sign up for a VPN that can unblock Phemex (we recommend NordVPN).
2. Download and install the VPN service on your device.
3. Open your VPN app and log in to your account.
4. Connect to a server in a region with full access to the crypto platform (France, Sweden, Spain).
5. Register or log in to your trading account and complete a KYC procedure if needed.
6. That’s it! Now, you can securely trade crypto with Phemex from the US.
   

If you want to buy and sell crypto via wire transfer, make fiat deposits, unlock promotions, or access extra features, you'll need to complete Phemex's KYC procedure. For that, you'll need a government-issued ID from the country you connect to a server in to access the crypto platform. And speaking of the best VPN locations for Phemex, we recommend France, Sweden, or Spain.

The Best VPNs for Phemex in 2024 

To determine the best option available, we relied on the criteria we created for our article on the best crypto VPN. Most importantly, you will want a service that can reliably unblock Phemex around the world. Look for a VPN with plenty of servers in countries with full access to the crypto exchange, like France, Sweden, and Spain.

Next, you should pick a no-logs VPN service with airtight encryption. This will ensure that your Phemex wallet and all your transactions remain secure. Moreover, look for obfuscated servers, split tunneling, data leak protection, and a kill switch, as all of these will strengthen your privacy. It should also have advanced VPN protocols that offer consistent performance and high speeds. 

It is important to choose a VPN with multiple simultaneous connections that are available on most platforms for trading crypto, like PCs, tablets, and smartphones. Lastly, a premium crypto VPN will also provide a fair price, have a reasonable refund policy that lets you test its services, and allow 24/7 access to live chat support.

Based on all these criteria, we present the top VPN services for Phemex in 2024:

1. NordVPN – Our #1-Rated Best VPN for Phemex in 2024

NordVPN is a powerful VPN that has no problems unblocking Phemex from anywhere. It offers over 6,300 servers in 111 countries worldwide, including many supported Phemex locations. There are 230+ servers in France, 60+ in Spain, and 140+ in Sweden.

NordVPN offers obfuscated servers that provide an extra-secure connection for trading. This is due to multiple robust protocols, among which NordLynx is one of the most advanced, in addition to OpenVPN and IKEv2/IPsec. Despite its high-end features, this is one of the fastest VPNs right now.

Thanks to its no-logs policy, no data will be stored when exchanging crypto on the website or Phemex app. Plus, split tunneling lets you create a secure tunnel to the platform. Your safety is guaranteed with high-end AES 256 and ChaCha20 encryption, leak protection, and a solid kill switch, which will cut your Internet in case of a VPN server failure, as explained in our complete review of NordVPN.

NordVPN has an app for almost every platform, including computers, tablets, and smartphones. If you are tech-savvy, you can manually install it on a router to protect unsupported devices. That said, you can connect up to 10 devices simultaneously.

Right now, this VPN is priced at only $3.09/month (2-year plan). Also, its 30-day refund guarantee lets you back out if you change your mind. Finally, if you have any problems or questions, you can contact their responsive live chat support 24/7.

2. Surfshark – Capable Phemex VPN with Unlimited Device Connections

Surfshark lets you easily unblock Phemex from anywhere. It is a budget VPN service with over 3,200 servers in 100 countries. This includes 3 server locations in France, 3 in Spain, and 1 in Sweden, all of which are Phemex-supported countries. 

Surfshark adheres to a no-logs policy, meaning that it operates exclusively on RAM-only servers. Obfuscation is also available, which makes it easy to conceal your VPN traffic. It uses unique Nexus technology to constantly switch your IP and split tunneling for setting up an exclusive 24/7 connection to the crypto exchange. 

This VPN uses AES-256 and ChaCha20 encryption to stop unwanted parties from accessing your outgoing data. Also, Surfshark has a kill switch that will exit the app or disable your Wi-Fi in worst-case scenarios to protect your identity. Surfshark also has advanced protocols that are relatively fast and connect instantly, such as OpenVPN, WireGuard, and IKEv2/IPsec.

You'll also be impressed by its performance, as Surfshark provides stable connections and fast speeds. It supports many devices, so you can get it on computers, tablets, and smartphones—or manually install the VPN on a router. Although this is a budget service, it lets you create unlimited simultaneous connections.

This VPN's 2-year plan currently costs $2.19/month. Surfshark also offers a 30-day money-back guarantee, letting you test it as much as you want. And if you get stuck, you can always turn to their 24/7 live chat support.

3. ExpressVPN – Privacy-First VPN for Phemex with Robust Security

ExpressVPN is another capable contender, as it can effectively unblock Phemex from anywhere. It has thousands of servers in 105 countries, which includes regions where this crypto platform is available. In particular, there are 3 server locations in Spain, 5 in France, and 2 in Sweden.

This no-logs VPN has sophisticated security measures, like AES-256 and WolfSSL encryption, which scrambles your outgoing data. There's also split tunneling, so you can create an exclusive tunnel for trading 24/7. It has many leak protection features and a kill switch that will stop your Internet connection before your data gets compromised if the VPN has an issue, as our ExpressVPN full review reports.

It also provides obfuscation that automatically turns on when you connect to any server. This will hide all VPN activity from your ISP and the government. ExpressVPN lets you choose between multiple protocols, including IKEv2/IPsec, OpenVPN, and Lightway. It offers consistent performance, instant connection to servers, and very fast speeds.

ExpressVPN works on most modern platforms, like PCs, smartphones, and tablets, and supports manual router installation to cover platforms it doesn’t have native apps for. Furthermore, a single subscription will let you connect up to 8 devices simultaneously. 

This VPN costs $6.67/month (1-year plan). In case you're not satisfied, you can get a refund thanks to their 30-day money-back guarantee. Finally, any problems you have can be solved by their 24/7 live chat support.

4. CyberGhost VPN – User-Friendly VPN for Pehemx with Wide Device Compatibility

CyberGhost can reliably unblock Phemex for users located anywhere in the world. There are thousands of servers in 100 countries, which includes 750+ servers in 3 French locations, 180+ in 3 Spanish locations, and 100+ in 1 Swedish location. 

This VPN comes with advanced protocols, such as WireGuard, OpenVPN, and IKEv2/IPsec, that offer fast connections. It's not as fast as its competitors, but it does manage to offer stable connections. It also doesn't offer obfuscated servers, which means that your government and ISP will know when you're using it.

As explained in our comprehensive CyberGhost VPN review, it follows a rigorous no-logs policy which prevents it from storing user data long term. To secure your transactions, it uses AES-256 and ChaCha20 encryption, a kill switch, and various leak protection tools. This VPN also comes with split tunneling for safe 24/7 trading on this popular crypto exchange.

CyberGhost is available on most devices, such as smartphones, tablets, and computers. It allows manual router installation, too, so you can protect your consoles and other platforms that don't allow VPNs. One subscription lets you make 7 simultaneous connections. 

You can sign up for $2.19/month (2-year plan). Even better, CyberGhost also has a 45-day money-back guarantee, which is the most generous refund policy we have come across. Its customer service is available 24/7 through live chat, and it is very responsive.

5. Private Internet Access – Advanced Phemex VPN for Experienced Users

Private Internet Access (PIA) reliably unblocks Phemex for US citizens and anyone else. It has a very extensive network that consists of thousands of servers in 90+ countries. There are 2 server locations in Spain, and 1 each in France and Sweden. 

You can use PIA in complete privacy thanks to the obfuscation provided by its Shadowsocks proxy. It includes AES-256 and ChaCha20 encryption, solid protocols (OpenVPN, IKEv2/IPsec, WireGuard), leak protection, and a reliable kill switch that will prevent identity theft. PIA also has split tunneling, letting you securely trade and exchange crypto 24/7.

This is another no-logs service, so your data won't be stored at any point. Its performance is solid; you will get a consistent connection to close and remote locations. You can also do a lot to improve its speeds if you dive into the app settings.

PIA has an app for nearly every modern platform, including PCs, tablets, and smartphones, and allows manual router installation. With it, you can set up unlimited simultaneous connections and protect your home network in a matter of minutes.

PIA's 2-year subscription currently costs $2.19/month. In case you realize this VPN is not for you, you can get your money back by appealing to their 30-day refund policy. Finally, if you encounter any issues, rest assured that PIA's 24/7 customer support has got your back.

Why Use a VPN for Phemex?

Like most other crypto trading platforms, Phemex isn't available worldwide. So, you need a VPN to access this crypto exchange from regions that are restricted fully. It also has plenty of privacy and security features that will protect you while doing online transactions. 

If you try to register to this crypto platform from any Phemex-restricted countries, you will see this notification: "At this time, Phemex cannot serve customers in your country. If you believe that you have received this notice in error, or you have any questions in regards to the restrictions stated under our Terms of Use, please contact our live support."

Aside from this, here are additional benefits you will get by using a VPN:

• Conceal Your Web Browsing Activity – Premium VPN apps will obscure your sensitive data and activities from hackers, government officials, and your ISP.
• Bypass Phemex's Geo-Blocks – Phemex is restricted in many countries, so you can’t use most of its features. All you need to unblock your access is a capable VPN.
• Prevent Future Legal Issues - Since crypto is still unregulated in many countries, using a VPN is a great way to hide your online activities and sidestep potential future legal issues.
• Bypass Network Firewalls - A VPN also helps you bypass firewall-based blocks, which are most often employes in schools, campuses, and workplaces.
• Trade on Phemex from Abroad – When traveling, you can connect to servers in your home country to continue exchanging crypto on Phemex without any interruptions.
• Protect Your Transactions – With split tunneling and advanced encryption, all your online trades and your Phemex wallet will be totally secure.
• Shield Yourself Against Data Theft – The best VPNs offer a kill switch, as well as leak protection tools, to prevent your sensitive data from being stolen. Its high-end encryption will also scramble all of your outgoing data.
• Evade Bandwidth Throttling – If your ISP notices that you are using a lot of data, it can intentionally slow down your connection. Premium VPNs hide your data usage, ensuring your connection always remains fast.
• Trade Crypto Even on Public Wi-Fi – Using military-grade encryption while trading will protect all your transactions, even on public Wi-Fi. 

What Is Phemex?

Phemex is a centralized crypto exchange founded by a former senior executive from Morgan Stanley. It's based in Singapore, and it's known for its ease of use and highly liquid markets. It's especially popular among first-time crypto users due to low fees.

When it comes to its unique features, Phemex offers copy trading, which allows you to follow other successful traders and copy their strategies, and there are also competitive trading contests. Let's not forget to mention that there are programs for passive income that allow you to lock your funds on Phemex for shorter and longer periods of time.

Phemex Restricted Countries

Phemex is currently unavailable in a range of countries, despite its wide presence across the world. Most notably, this platform is not available in some of the biggest crypto markets out there, such as the US, the UK, Canada, and China. Here's the full list:

Is Phemex Legal in the US?

Yes, Phemex is legal in the US - but the platform itself is only partially available. This is most likely due to licensing issues and regulatory requirements, as every single US state has different laws that dictate how crypto platforms operate.

More precisely, each US state has a different approach to Know-Your-Customer (KYC) and anti-money laundering (AML) operations. Even though the US is one of the biggest markets for crypto, very few trading platforms and exchanges are fully open in the country.

Of course, this is something you can fix with a VPN. For example, you can try NordVPN, which has servers in a huge number of countries where Phemex works. Just connect to a foreign server, and your access to this crypto exchange will open up.

Why Is Phemex Restricted in the US?

Phemex is partially restricted in the US because some regulatory restrictions make it non-viable. The only thing US residents can do is buy and sell crypto via wire transfer. The spot and contract trading options are not available.

In the past few months, U.S. regulatory bodies started to increase their surveillance of popular crypto platforms. In particular, this includes the Securities and Exchange Commission (SEC), as well as FinCEN and FINRA. 

Final Thoughts 

Phemex is restricted in many markets due to regulations on crypto platforms. In some regions, it limits users to buying and selling via wire transfer only, while it's also completely banned in many other regions worldwide. To unblock this crypto platform, improve your privacy, secure your transactions, and sue Phemex while traveling, you will have to use a premium VPN service.

Your top option right now is NordVPN, which comes as the best VPN for Phemex currently available. It has plenty of servers in Phemex-friendly regions so it can easily unblock the crypto exchange. This VPN also offers high-end encryption and obfuscation to protect you while trading. On top of that, you'll get to expand your portfolio, as NordVPN works with other crypto platforms as well.

That’s all for our article on choosing the right VPN to use with Phemex and similar crypto platforms. If you still have questions, don't hesitate to leave a comment below. Thank you for reading!