BitMEX

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 No
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 No
Mobile Trading Yes
Tablet Trading Yes
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 operates under the domain https://www.bitmex.com/

 

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.

In BitMEX you can Deposit only Bitcoins and Trade only Cryptocurrencies. Stocks Trading, Commodities Trading etc are not available.

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.

However if you are looking for a cryptobroker that offers MT5 trading platform Check Here

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.

BitMEX online Platform

 

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
Derivatives Trading
Visit Now

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

Visit Now BitMEX

 

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 is an offshore trading exchange. Read more about Unregulated Forex Brokers

 

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.

Update 2021: All new traders should verify their account. At the moment it is needed a governement ID, a selfie video or photo, location verification (can be using your web browser or upload a proof of address, and to answer the question how you will fund your account!
BitMEX is not an anonymous Trading Broker. All new traders must verify their account! If you want to trade anonymously, read our anonymous trading guide

 

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.


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