Review on BitMEX by Fanuel PORPORTY
BitMEX, a trading platform for experienced users
If you want to make money taking advantage of the volatility of the cryptocurrency market, it is best to trade with leverage using BitMEX.
BitMEX is one of the most popular cryptocurrency platforms in the world and offers various financial products, such as margin trading of Bitcoin, Ethereum, Bitcoin Cash, Ripple, Litecoin and other cryptos. Surprisingly, BitMEX is still little known in France even though it is the platform where some of the largest volumes of cryptocurrencies are traded in the world.
By trading on BitMEX you can trade with levers x5, x10, 15, x25, x50 and even up to x100. However, using leverage in cryptocurrency trading is a double-edged sword. Its use can lead to very large profits or, conversely, considerable losses. The more you increase your leverage, the more likely you are to lose your capital. In fact, leveraged trading is technically a form of betting as opposed to an investment. Beginners are therefore advised against using this method as they generally have little or no experience. Nevertheless, it is possible to carry out trades with an excellent success rate by preparing your positions carefully, by choosing weak levers, or by subscribing to our offer specialized in margin trading (+ 80% success).
Pros
- The user experience is particularly pleasant on BitMEX. The trading interface is customizable. You can easily find your own information (open and closed positions, active orders, stop loss, order history).
Cons
- BitMEX does not work with any fiat currency. Deposits and withdrawals must be done in bitcoin. The minimum deposit varies depending on the initial margins of each product.
