Review on BitMEX by Mehdi hazni
Bitmex, An exchange for professional traders
bitmex is one of the most influential exchanges in the price of cryptocurrencies. The base of this exchange is based on leverage trade and few pairs of cryptos are active in this exchange. The exchange currency is bitcoin and it is not possible to deposit any currency other than bitcoin in this exchange. You can't keep USD in this exchange, for example, and if you want to convert it to usd for fear of falling bitcoin prices, you have to open a Short Position with 1X leverage. Personally, I always have to do that in trades to avoid risk, and I pay the exchange fee every time, and that's annoying.
bitmex is one of the most specialized cryptocurrencies exchanges and is one of the first exchanges to offer the cryptocurrencies market similar to the major global markets.
Pros
- The volume of pairs is very high
- Completely specialized
Cons
- We can only deposit bitcoin
- We just have to keep our assets to bitcoin and if we want to keep usd we have to pay a fee every time.
