Compare
CD CoinDCX VS PH Phemex
Both exchanges offer Spot, Margin. The differences below come from our individual reviews of CoinDCX and Phemex.
| CoinDCX | Phemex | |
|---|---|---|
| Founded | 2018 | 2019 |
| Regions | Built primarily for Indian residents, with KYC via PAN and Aadhaar or passport, and INR on-ramps through partner banking rails. Also accepts international users with passport-based KYC, though INR deposit/withdrawal rails are India-specific. Not available in the United States. | Available in most regions outside the US, UK, Canada, and a growing restricted list that has recently added Australia, Hong Kong, and South Africa; EU access continues without MiCA authorization: verify local availability before signing up. |
| Products | Spot, Margin, Futures, Lending | Spot, Margin, Perpetual futures, Copy trading, Earn / lending |
| Maker fee | Verify current tier: CoinDCX runs separate volume-based maker/taker schedules for spot, margin, and futures (spot INR pairs have ranged roughly 0.03%-0.50%, INR-margined futures nearer 0.02%), so confirm the live rate for the specific product and market before trading | Verify current tier: Phemex uses a volume-based maker/taker schedule (spot starts around 0.1%/0.1%; futures maker fees are among the lowest of any major exchange, around 0.01% at entry tier) |
| Taker fee | Same pattern applies: verify the current tier for your specific product, since CoinDCX's taker rates differ meaningfully across spot, margin, and futures rather than following one flat schedule | Verify current tier: Phemex uses a volume-based maker/taker schedule (futures taker fees run above the industry average, around 0.06% at entry tier) |
CoinDCX pros
- India's largest crypto exchange by registered users, with FIU-IND registration under India's anti-money-laundering framework
- Broad product range under one account: spot, margin (up to several times leverage), futures, and a lending product, plus 500+ listed assets
- Coinbase holds a minority stake in CoinDCX's parent entity following a deal cleared by India's competition regulator in December 2025, a notable vote of confidence from a major international exchange
- Accepts international users via passport-based KYC, not strictly limited to Indian residents the way some domestic-only platforms are
Phemex pros
- Entry-tier futures maker fee (around 0.01%) is lower than Binance, Bybit, or OKX at equivalent volume
- Broad leverage ceiling, up to 100x on major pairs, for traders who specifically want it
- Copy trading with multiple position-sizing modes (fixed margin, multiplier, smart ratio) rather than a single one-size-fits-all follow function
- Fast recent growth in listed assets and user base, now covering 600+ tokens plus tokenized stock and metals futures
This table is generated from the same data behind our individual exchange reviews. See methodology for how it's put together. Fee figures marked "not yet verified" need confirming against live terms before this page is treated as launch-ready.