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BitMEX Review

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Revainrating 3.5 out of 5  
Rating 
3.7
Crypto Exchanges

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Description of BitMEX

What Is BitMEX? BitMEX is a peer-to-peer (P2P) cryptocurrency exchange and professional derivatives trading platform founded by HDR Global Trading Limited and registered in Seychelles under the International Business Companies Act. BitMEX stands for Bitcoin Mercantile Exchange. It focuses primarily on advanced investors and seasoned traders who are familiar with the concepts of leveraged tokens and margin trading. The platform claims to stand out from the competition due to deep liquidity for Bitcoin perpetuals, a professional trading dashboard, low trading fees, and no deposit or withdrawal fees. BitMEX offers futures and other derivatives, but for beginners, the functionality of the exchange can be complex. On top of that, BitMEX only does crypto-to-crypto trading without the possibility of depositing fiat. The leveraged trading platform for Bitcoin traders has reportedly never been hacked. BitMEX claims to keeps encrypted crypto funds in cold storage and offers clients multi-signature wallets. The developers also highlight an MPC system, which enhances the security for the deposit/withdrawal of funds and prevents any actions of intruders. Who Are the BitMEX Founders? The project was co-founded by banking experts Arthur Hayes (CEO), Samuel Reed (CTO), and Ben Delo (CSO). Arthur Hayes is an entrepreneur, derivatives trader, and crypto enthusiast. Hayes graduated from the University of Pennsylvania (Wharton School of Business) with a Bachelor of Science in economics and finance. He worked for Deutsche Bank and Citibank as a market maker, discovered an interest in Bitcoin in 2013, became part of BitMEX in 2014, and left the post of CEO of the company in 2020. When Did BitMEX Launch? It was established in 2014 in Hong Kong and registered in Seychelles. BitMEX is owned by HDR Global Trading Limited. BitMEX Restricted Countries The Seychelles-based exchange is not regulated in the United States, so it's not available to U.S. residents/citizens. Moreover, the exchange does not provide services for accounts located in Cuba, Iran, Syria, North Korea, Crimea and Sevastopol, Donetsk People’s Republic, Luhansk People’s Republic of Ukraine, Kherson Oblast and Zaporizhzhia Oblast, Seychelles, Bermuda, Japan, Ontario Canada, and Quebec Canada. What Coins Are Supported on BitMEX? BitMEX is one of the leading crypto derivatives exchanges where users can purchase futures/perpetual contracts on a wide variety of assets like BTC, ETH, LTC, XRP, SOL, ADA, BCH, BNB, LINK, DOT. The derivatives platform supports more crypto choices than the spot one. How Much Are BitMEX Fees? The exchange uses the maker & taker model. The trading fee on BitMEX starts at 0.025%. For spot trading, the fees are 0.01% for makers and 0.075% for takers. As for derivatives, the trading fees are 0.075% for takers, and makers receive a 0.01% rebate. BitMEX accepts deposits in Bitcoin and doesn’t charge fees on withdrawals/deposits. Is It Possible To Use Leverage or Margin Trading on BitMEX? The exchange presents to investors two types of margin trading: isolated and cross-margin. The derivatives trading platform offers up to 100x leverage on some of its products. Сustomers can use 20x to 100x leverage, depending on the asset, with BTC offering the highest ratios - up to 1:100.
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Reviews

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Type of review

Revainrating 4 out of 5

Bitmex is an exchange for experience Traders

Bitmex is one of the cryptocurrency and derivatives exchanges from Seychelles. It was founded in 2014 by three finance and cryptocurrency experts by name Arthur Hayes, Ben Delo and Samuel Read. The exchange supplies contracts for different cryptocurrencies like cardano, ethereum, litecoin, ripple and make them available to be bought and sold in Bitcoin since Bitcoin is it's major Currency. It does not offer any flat currency on its platform. Being an exchange for derivative it will not be…

Pros
  • Its transaction fee is fair
  • It does not charge on withdrawal and deposit
  • It is working on improving it's security
  • It offers margin trading
  • Traders enjoy 24/7 customer services with email ticketing and other means
Cons
  • It is not for beginners
  • Does not offer trading on flat Currencies

Revainrating 4 out of 5

Bitmex is a very liquid exchange to trade on.

I do advise many of my family and friends to join this rally, cryptocurrency trading, as cryptocurrency really has a promising future for financial freedom. I do enlighten my friends more about cryptocurrencies but many of them seem to think it's a scam as they have really failed in many of their transaction in their trading or investments but I would like to let you know that before you get nice profit on your investments, there are certain criteria. In Order for you to make profitable trade…

Pros
  • It has much liquidity.
  • It has a nice trade view.
  • It is highly transparent.
  • It is a simple Exchange.
Cons
  • Nothing much.

Revainrating 3 out of 5

BITMEX exchange very easy to use review

Bitmex is one of the best cryptocurrency exchanges. The basis of this transaction is mainly based on changes in leverage, and there are several cryptocurrency pairs active in this transaction. Forex trading is Bitcoin, which is not always possible. In this process, payments are made in foreign currencies other than Bitcoin. For example, you cannot hold U.S. dollars in this transaction. If you need to convert it to U.S. dollars to worry about falling Bitcoin prices, you will need to open a short

Pros
  • It's a very influential exchange
  • It's easy to use
  • High security features
Cons
  • None for now

Revainrating 4 out of 5

BitMEX is one of the largest Bitcoin trading platforms currently

BitMEX (Bitcoin Mercantile Exchange) is one of the largest Bitcoin trading platforms currently, with a daily trading volume of over 35,000 BTC and over 540,000 hits per month, as well as a trading history of over $ 34 billion. BitMEX is a Hong Kong based trading platform registered in the Seychelles. Unlike many other trading exchanges, BitMEX only accepts Bitcoin deposits, which can then be used to buy a variety of other cryptocurrencies. BitMEX specializes in complex financial…

Pros
  • simplified authorization procedure without mandatory verification
  • one of the highest trading volumes and, accordingly, the level of liquidity
  • possibility of margin trading with high leverage. The tool allows professional traders to receive incomparably large profits
  • options for using short positions
Cons
  • crediting and withdrawal of funds is carried out exclusively in bitcoins
  • if you use high leverage ineptly, you can incur very significant losses
  • The exchange interface, especially for beginners, seems incredibly complex, however, given the flexibility of its settings, on the contrary, this is an advantage that becomes clear over time

Revainrating 4 out of 5

Much work has been put in by Bitmex to provide great service

Bitmex gives every liquidity maker a rebate on their trading fee whenever they bring in liquidity to the market, the market takers aren't given these kind of opportunity but the exchange offers them a low fee depending on the coin being traded. Bitmex is an awesome exchange, I enjoy their service a lot because they are cost effective and fast, I don't have to stay all day long waiting for my commands or request to be granted cause the exchange has a very good API and support team is also…

Pros
  • Registration is free and easy
  • All market makers get a rebate and takers get a low fee
  • It has an enormous liquidity
Cons
  • The coins listed and supported are not much

Revainrating 5 out of 5

BITMEX CRYPTOCURRENCY EXCHANGE PLATFORM

Buying and promoting leverage is a part of that extrade that I cherished very much. After looking for the advice of an professional in shopping for and promoting, I become knowledgeable of the realizable advantages I must get from shopping for and promoting leverage. However, I am nonetheless monitoring it to peer the realizable sales so I can update my comments. No extrade may be perfect, consequently every extrade has a sure flaw in a completely unique manner or, at the contrary, one in every

Pros
  • Transactions done on Bitmex are typically swift.
  • The liquidity may be very attractive
  • It helps more than one cryptocurrencies
Cons
  • It doesn't yet have cellular app.

Revainrating 3 out of 5

BitMEX trades in a very large volume.

Bitmex trading is like this. It has many unique types of different exchanges because they all have a small number of currency pairs to choose from. However, the number of transactions on them is too large, so that the amount of the transaction will be lower than that of some exchanges. The matches are similar. There are countless examples of such a wide variety of currency pairs. The rules for buying and selling on Bitmex are mainly based on leverage, and the most useful foreign funds you can…

Pros
  • It has a great security features
  • It has a large trading volume
  • Fast transactions
Cons
  • No negative reviews for now

Revainrating 4 out of 5

BitMEX is a very good example of a professional exchange.

Actually, there are very many cryptocurrency exchanges in the crypto world today but many are actually scam but as for this exchange, BitMEX, it is a very nice exchange to trade on because of its Liquidity. From my knowledge about this exchange, BitMEX is one of the Exchanges that has enough tools to trade your cryptocurrencies as it has a well established platform. Actually, this exchange is mainly used by professional traders because it has enough functions required of an excellent exchange.

Pros
  • It has much liquidity.
  • It has available tools for experienced traders.
  • It has a good development team.
  • It has a fiat market.
Cons
  • None at all.

Bitmex is a digital currency trade that basically manages the trade and exchanging of Bitcoin, Ethereum, Litecoin, and a couple of more coins. I used to exchange on this trade quite a while past, however I quit doing as such for an assortment of reasons. Bitmex, then again, highlighted a great deal of good highlights, far superior to a portion of different exchangers I'd utilized before. * Exchanges are finished rapidly: Bitmex was known for its fast and secure exchanges. More often than…

Pros
  • The trade has all that you're searching for as a merchant
  • Liquidity here is ideal
Cons
  • I haven't found any regrettable angle for consequently trade yet

Bitmex is a cryptocurrency exchange that primarily deals with the exchange and trading of Bitcoin, Ethereum, Litecoin, and a few more coins. I used to trade on this exchange a long time ago, but I stopped doing so for a variety of reasons. Bitmex, on the other hand, featured a lot of good features, even better than some of the other exchangers I'd used in the past. * Transactions are completed quickly: Bitmex was known for its quick and secure transactions. Most of the time that I traded on…

Pros
  • The exchange has everything you're looking for as a trader
  • Liquidity here is optimal
Cons
  • I haven't discovered any negative aspect for thus exchange yet

Revainrating 3 out of 5

Bitmex basic exchange and mercantilism

Basically, the Bitmex exchange only handles the exchange and commercialization of cryptocurrencies such as Bitcoin, Ethereum, Litecoin, and some other currencies. I have used this exchange for a long time, but due to the small number of coins, it is not very active. On the contrary, Bitmex offers many great options, even better than some exchanges used in the past. Fast transaction-Fast and reliable transaction is a trademark of Bitmex. I usually complete my transaction within a second or two…

Pros
  • Wonderful liquidity
Cons
  • No exchange

Revainrating 4 out of 5

Bitmex

Although Bitcoin exchange providers are at the head of the heap, they have recently opted to embrace other well-known blockchains. By providing real equality, the marketplace develops a more dependable environment. As a result, the BitMEX exchange is another excellent option. Although it is not the finest trading network, it will provide the necessary assistance that many beginning traders seek. It also contains sections dedicated to each coin that is listed on the market. The usage of the…

Pros
  • Fees are modest and evenly distributed based on the number of token transactions reported.
  • Security architecture that is dependable. Customers are given confidence and a sense of trustworthiness as a result of the whole project.
Cons
  • The entire service still needs to be improved. It's time to upgrade the platform. The exchange portion is nearly identical to the others, except it has a limited operational capacity.

Revainrating 4 out of 5

BitMex

Hi everyone ! The bitmex trade is such that it encompasses a distinctive sort from numerous other trades. Since they all have a little number of sets, but those sets have such a tall volume of exchanges that the exchanging volume of this trade is like a few trades that are a few times this number of pairs. The guideline of exchanging in bitmex is based on leverages and the as it were currency that can be kept is bitcoin, which isn't an awfully great point.    For this reason, the BitMEX…

Pros
  • high trading volume in Bitcoin
  • interface is good
Cons
  • nothing

Revainrating 3 out of 5

The Bitmex Exchange Platform Requires Expertise

After going through so many exchanges, I've been able to discover that most of them comes in a very easy way to understand. Being in the blockchain network for long, I've never come across an exchange platform that would require quite lots of expertise like the exchange platform I would be reviewing today. It's the Bitmex exchange platform. The Bitmex exchange platform is a cryptocurrency exchange platform that doesn't accept fiats making it a cryptocurrency exchange platform only. The exchange

Pros
  • The exchange platform charges a very competitive fee as it's trading fee
  • They don't charge for deposits and withdrawals are charged by the blockchain network
  • They've been able to put up multiple security features so as to keep their users funds safe
Cons
  • The exchange platform don't accept fiats
  • They accept Bitcoins as the only cryptocurrency
  • Their interface looks really experienced and would require a high level of expertise to operate

Revainrating 4 out of 5

BitMEX

In my post today, I will talk about another stock exchange, Bitmex. Bitmex is one of the online exchanges where you can trade Bitcoin and other cryptocurrencies. I can say that it offers a derivative trading platform to a global market. Signing up for BitMEX is relatively simple and easy. I can say that the interface of this platform is complex and somewhat outdated. However, it is still functional. The platform is designed for desktop use only. One of the major benefits of…

Pros
  • Chat functionality in global trade and platform
  • A range of different cryptocurrencies available for trading
  • Exceptional security levels
  • Fluent and intuitive platform
  • Good tutorial for new users
  • Free to deposit or withdraw Bitcoin
  • Deals and promotions
Cons
  • No app or mobile reagent version available
  • The platform is not stylish or innovative

Revainrating 2 out of 5

Bitmex exchange needs to learn from other successful exchanges.....

Bitmex Exchange provides a trading point for a limited number of cryptocurrencies like Bitcoin, Litecoins, Ethereum and some other coins. Founded in 2014, I actually expected this exchange to offer more than it was currently offering. I used this exchange for a little while before I quit using it. I got to know about this exchange a very long time ago, but I didn't trade very actively on it though it offered some good features. Looking at the speed of transactions offered by Bitmex, one can…

Pros
  • It offers users liquidity, amazing liquidity as a result of low fees
  • Registration is very easy
Cons
  • The interface is outdated and needs urgent attention
  • No mobile application is available for this exchange
  • Bitcoin is the only means of deposit and withdrawal

Revainrating 3 out of 5

Bitmex needs to be updated, especially its entire web outlook

Bitmex exchange essentially just deals with the exchange and trading of cryptocurrencies like Bitcoin, Ethereum, Litecoin and some other few coins. I had used this exchange a long time ago but didnt didn't really trade on it actively, due to some little reasons. On the other hand, Bitmex offered alot of good features even better than some exchanges i had used in the past. * Speedy Transactions: Fast and reliable transactions was like a trademark of Bitmex. Most of the times I traded on Bitmex,

Pros
  • It supports multiple cryptocurrencies
  • The liquidity is very attractive
  • Transactions carried out on Bitmex are usually dasrfast
Cons
  • Unavailability of a mobile app serve as a major disadvantage

Revainrating 4 out of 5

BitMex

Crypto exchanging platforms are a major profitable system for crypto enthusiast to accumulate more digital token but users need to acquaint themselves with some technical knowledge on how trading and exchange platforms works in other no to loose all their invested crypto on trading. With the advance tools integrated on Bitmex user can conveniently trade without undergoing much stress the platform offers stop loss, leverage and more interesting tool to help traders on their trading lot, limited

Pros
  • BitMex is a recommended exchange platform with good liquidity and leverage
  • Has good security system with active customer support
  • Bitcoin is major exchange pair used
Cons
  • Limited token are traded on the platform

Revainrating 4 out of 5

BitMEX: Good Bitcoin Exchange, although Limited Services

Bitcoin exchange providers are at the top of all exchange services, but nowadays, they decided to bring support to other well-known blockchains. From this way, the marketplace becomes a more reliable ecosystem by offering true equality. For this reason, the BitMEX exchange is another ideal site to consider. Although it is not the best network for trading, it will that necessary support that many new-users require when trading. Moreover, it has special sections for every token that is listed…

Pros
  • High-quality support and outcomes for the tokens admitted to it. It brings users rewarding options when trading. There are certain methods for entering the field like making deposits not only from a wallet but also from a credit card.
  • The fees are low and equally divided depending on the token transactions registered.
  • Reliable security framework. The overall project offers confidence to customers and a sense of trustworthiness.
Cons
  • Limited exchange services with low activity in the current date. It offers a highly low availability in options for trading.
  • It still requires improvements in the overall service. The platform should be updated. The exchange section is practically similar to others, but with low operativity.

Revainrating 5 out of 5

TRuepnl

Crypto exchange at the top of the verticals is crypto exchange at the top of the verticals is 13CX , launched by ATON in Malaysia. Prices fell after hitting the peak of .49 in late September 2015. Prices dropped to .42 and .41 later in the month and dropped to .38 to .32 the next day. Settlement date for 13CX coins are on Dec 24 to 28, according to CoinMarketCap and depending on trading volume. The minimum deposit for withdrawals is $ 1,000 and the maximum is $ 10,000. “People have…

Pros
  • great
Cons
  • non