With Russia Day around the corner, leading crypto exchange Phemex and its fiat payment partner Banxa are looking to sweeten customer purchases with a celebratory incentive. 

For the last 30 years, Russian citizens have been celebrating the holiday to commemorate the adoption of the Declaration of State Sovereignty of the Russian Soviet Federative Socialist Republic (RSFSR). 

Phemex and Banxa Customers Can Avail Zero Fees on Crypto Purchases

Crypto buyers have more than one reason to celebrate on 12th June. Starting June 11th, Phemex will allow its customers to purchase select crypto assets, including BTC, ETH, LINK, and USDT, with zero fees. The crypto exchange will run this offer until 9 PM UTC on 25th June. Both new and existing customers can make the best of the offer for a duration of nearly two weeks.

In the spirit of Russia Day, Phemex will open the time-bound fee waiver to its customers across the globe. This means crypto buyers can benefit from this offer regardless of their location or the fiat currency of their choice. Customers can choose to make transactions via Visa, MasterCard, Apple Pay, or the Banxa payment gateway. The platform provides support for payments in USD, EUR, GBP, AUD, CAD, CZK, DKK, HKD, NOK, PLN, RUB, SEK, and TRY.

Additionally, Phemex will not limit the number of trades carried out during the promotion. The exchange has notified its customers that their cards must be registered in their name and all first-time buyers opting for Banxa will be screened by the gateway’s KYC procedure. Furthermore, Banxa will retain control over any applicable buy order limits.

A Brief Look at Phemex and Banxa

Phemex was created by a group of former Wall Street traders and investors to combat dismal customer service and the absence of professionalism in the crypto landscape. The platform boasts the ability to process 300,000 transactions per second with order response times of under one millisecond. 

The exchange has partnered with Banxa to provide customers with easy, reliable, and convenient transactions between their fiat currency and cryptocurrency. Together with Phemex, Banxa is focused on building lasting partnerships with retail networks, enable global payment execution, and provide a compliance infrastructure