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Review on BitMEX by Alex Martakov

Revainrating 5 out of 5

Since the site is relatively young, the team excludes the slightest…

Since the site is relatively young, the team excludes the slightest possibility of negative reviews about Bitmex. On the Internet you can find a lot of questions about the emerging not significant errors, but not one negative review unrelated to a small trading experience — no.



Pros
  • easy registration; no verification; ease of use; high liquidity, especially on the XBT/USD pair. You need to learn that Bitmex does not belong to the type of conventional exchanges where you Deposit your bitcoins and other crypto currency, and then trade it. Here the principle of operation is that you allegedly put a bet on a decrease or increase in the value of the asset, in our case bitcoin. And Yes, here you can have $ 100 to trade in the amount of $ 1000. There are two types of margin trading on Bitmex: Cross (Cross) margin — By default is in the enabled mode in the form of a tick in the control panel leverage. Cross translated cross, hence cross trading means that between your positions will automatically be distributed ALL (!) your balance. In this mode, the leverage size will be set depending on the position size. Isolated trading — Automatically enable this mode when you set the shoulder size. Then you severely restrict the transactions under each highlighting their portion of the money. At the same time risking only this amount, and not the entire balance on the account. Presentation in simpler language — let's imagine that there are people with large capitals (in our case, cryptocurrencies), they are given the opportunity to earn on the issuance of their assets in debt at interest. On Bitmex margin trading involves the possibility of earning ordinary traders just at the expense of large players. Thereby increasing the maximum amount of the transaction that they could afford with the help of the tool described below.
Cons
  • small number of trading pairs; low liquidity on other pairs, except XBT/USD; the presence of trading commissions.