BitMEX
BitMEX
- Seychelles High Leverage broker
- P2P crypto-products trading platform
- 100x leverage on Bitcoin
- High leverage on Altcoins
- Future and Perpetual Contacts Trading
- All client funds kept in cold storage
Details
| Broker | BitMEX |
|---|---|
| Website URL | https://www.bitmex.com/ |
| Founded | 2014 |
| Support Number | Only via Ticket Email |
| Languages | English, Chinese, Russian, Korean, Japanese |
| Trading Platform | TradingView |
| Minimum 1st Deposit | 0.0001 BTC |
| Bonus | Derivatives Trading |
| Leverage | 100x Cryptos |
| Free Demo Account |  |
| Deposit Methods | Via Bitcoin |
| Withdrawal Methods | Via Bitcoin |
| Number of Assets | 8 |
| Types of Assets | Bitcoin (XTBUSD), Bitcoin Cash (BCHUSD), Ethereum (ETHUSD), Cardano (ADAUSD), Litecoin, Ripple, EOS Token, Tron |
| Option Types | Futures Contracts, Perpetual Contracts |
| Account Currency | Bitcoin |
| US Traders Allowed | |
| Mobile Trading |
 |
| Tablet Trading |
|
| Overall Score | 68 |
Pros
- High Leverage
- Easy KYC, no ID verification
- High Liquidity
- Highest level of Security
Cons
- Only Cryptos To Trade
- No US Traders Allowed
Is BitMEX a scammy broker?
Is BitMEX a reliable Margin Trading broker where you can trust your bitcoin trading account?
Read this honest Review and learn more information about BitMEX, so you can personally deside if this Broker fits to your needs!!
Bitcoin Mercantile Exchange, is a trading exchange that is known in the forex brokerage world as BitMEX, it is a broker in which instruments and currencies are exchanged. Its parent company is known as HDR Global Trading Limited.
When you trade with BitMEX, the platform will provide you with several essential details, in addition to that your trading results and your account balance are always measured in Bitcoin.
It was founded in 2014 by HDR Global Trading Ltd. and at the same time was incorporated in Seychelles, this company was established thanks to its three co-founders (Arthur Hayes, Ben Delo, and Samuel Reed) who shared their passion for cryptocurrency margin trading.
BitMex Online Trading & Platform
In BitMex you can trade two types of leveraged contracts:
- Future Contracts
- Perpetual Contacts
Both are derivatives products. The difference between them is that futures have a specified time of closing, weather perpetual contacts do not have an expiry.
The available trading pairs are:
- Bitcoin (XTBUSD) –> Leverage Up to 100:1
- Bitcoin Cash (BCHUSD) –> Leverage Up to 20:1
- Ethereum (ETHUSD) –> Leverage Up to 50:1
- Cardano (ADAUSD) –> Leverage Up to 20:1
- Litecoin
- Ripple
- EOS Token
- Tron
BitMEX uses TradingView as a trading platform, an online trading platform used by many cryptobrokers, such as PrimeXBT. All the necessary charts are represented by TradingView, this means that technical analysis enthusiasts will come across a tool that will help them.
BitMEX provides an order book that is organized vertically, in this segment of the platform merchants can quickly switch between different products and thus place their order. Furthermore, the platform is visually attractive and simple, even for newbie traders.
Traders will also be able to trade contracts, which unlike cryptocurrencies are more volatile than more traditional trades. Its platform has several widgets available that give the trader the opportunity to freely change depending on the user’s preferences.
Spreads and fees
BitMEX does not offer the client a lot of variety in their spreads, commissions or rates, it is quite fixed in this regard. However, it has a rate program that is intended to be used with future traditional commerce. When it comes to leverage, BitMEX gives you up to 100x on some of its cryptocurrency trading, noteworthy that it is a platform designed for professional investors as well as those most familiar with risky trading. To give you a little glimpse regarding your rates, we have the example of Bitcoin, for which the rates are 1% for the initial margin plus 0.5% for maintenance.
BitMEX also charges 0.025% for market makers and 0.075% for market makers. Finally, you will also find a settlement rate of 0.05% for futures.
BitMEX
- Seychelles High Leverage broker
- P2P crypto-products trading platform
- 100x leverage on Bitcoin
- High leverage on Altcoins
- Future and Perpetual Contacts Trading
- All client funds kept in cold storage
BitMEX is a High Leverage Trading Exchange that accepts only Bitcoin Deposits and Withdrawls.
Trade now cryptocurrencies with high leverage. Enjoy high XBTUSD liquidity and extra security features
BitMEX Regulation
This company has a full license which belongs to the founders HDR Global Trading Limited. Furthermore, it is an offshore Seychelles Company incorporated under the International Business Companies Act of 1994. They are not regulated by any Regulatory Body and in their webiste they do not mention any kind of Trading License.
BitMEX account types & KYC
BitMEX is a platform that offers only one type of account for its users. What means, unfortunately, that for the trader there are no special advantages over the others, of course, this can also benefit them all.
Sign Up Process is very easy. BitMEX asks an email, a password,your name and a country of origin.
BitMEX deposit and withdrawals
Both deposits and withdrawals are completely free and without additional charges. However, there is a minimum network fee that is determined by the blockchain load. This implies that the additional costs are only from the banks or digital currency networks that you are going to use. It is important to emphasize that this platform only offers deposits in Bitcoin, this implies that you will have a guarantee that your money will not undergo many changes.
As for deposits, the minimum deposit is 0.001 BTC and there are no withdrawal limits. The process to withdraw the winnings is simple, you only have to insert the amount to withdraw and also of course, the address of the wallet, since it can only be withdrawn in bitcoins.
Customer service
Its support offers assistance in 5 languages, which are English, Japanese, Chinese, Korean and Russian. Such support can be obtained by obtaining a support ticket online. However, there are other options to contact them, such as through Wechat, Telegram Weibo, Reddit and Twitter.
Their customer service operates 24 hours a day, 7 days a week.
Conclusion
BitMEX is a safe margin trading exchange platform that is designed exclusively for cryptocurrency trading. You can deposit only via Bitcoin and you can trade with high leverage. The platform offers extra security and clients funds are protected in cold storage.