Review on BitMEX by Sergio Daniel Delgado
BitMEX One of the most visited exchanges
BitMEX, one of the most visited cryptocurrency trading websites day by day. It has been operating since 2014 and is based in Hong Kong.
The platform does not charge any commission for the funds that you wish to deposit but for withdrawals. The website only accepts cryptocurrency deposits and has no option for Fiat.
For withdrawals, users can choose from a series of network fees they wish to pay. If you want the funds transfers in your account to be faster, you will have to pay a higher network fee. The minimum rate is 0.001 BTC and the maximum rate is 0.005 BTC. Withdrawals are processed manually once a day, which means you must submit your withdrawal request before 13:00 UTC to be included in the withdrawal request lot
This method can be slow compared to other automated withdrawal systems, but BitMEX takes retirement security very seriously and processes require verification and Manual validation
Pros
- Hiring futures and derivatives available
- High leverage
- Many advanced features
- Good liquidity
Cons
- Nor is it for beginners
- High fees for withdrawals are funds
