Phemex Launches Virtual Mastercard for Direct USDT and USDC Spending
Phemex has launched a new virtual Mastercard that allows users to spend USDT or USDC directly from their Spot account balances. The card is compatible with Apple Pay and Google Pay, making it easy to use for both online and in-store purchases. At the point of sale, the card automatically converts crypto to fiat, ensuring seamless transactions at millions of merchants worldwide.
The Phemex Card offers USDT cashback on eligible purchases, with standard accounts earning 0.25% and VIP users earning up to 1%. There are no issuance, annual, or account closure fees, and cashback is credited to users' Spot accounts on the 10th of the following month, provided the transactions meet certain conditions.
To get started, users need to create or log into their Phemex account, complete KYC verification, and apply for the virtual Mastercard. Once approved, the card is linked directly to the user's Spot USDT/USDC balance, eliminating the need for a separate wallet. Users can add the card to Apple Pay or Google Pay for convenience.
Phemex is known for supporting a wide range of digital assets, including Bitcoin, Ethereum, Tether, and others. The platform offers low trading fees, demo accounts, leverage up to x100 on contracts, and investment solutions, making it a versatile choice for crypto traders.