BitMEX Review 2026
Learn more about TU’s methodology
- 0.0001 XBT
- Ninja Trader
- All contracts are in Bitcoins
Our Evaluation of BitMEX
Learn more about TU’s methodology
BitMEX is one of the top cryptocurrency exchanges in the financial market with the TU Overall Score of 8.32 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by BitMEX clients on our website, Traders Union expert Anton Kharitonov believes he can recommend this company as the majority of reviews prove that the broker’s clients are fully satisfied with the company.
BitMEX is a popular cryptocurrency exchange with comprehensive cryptocurrency trading facilities. The innovative analytical toolkit, interface tuning agility, high leverage, and a profitable affiliate program have made it one of the most popular cryptocurrency exchanges in the genre.
How we tested BitMEX
Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.
Learn more about our methodology and editorial policies.
Brief Look at BitMEX
BitMEX is a cryptocurrency exchange founded in 2014 that focuses on crypto derivatives trading, leveraged products, and institutional-grade trading infrastructure. The exchange became widely known as one of the first major cryptocurrency exchanges to popularize perpetual contracts and today offers spot trading, futures, perpetual swaps, staking, copy trading, and automated trading solutions. BitMEX serves both retail and professional traders through web-based and mobile trading terminals.
The exchange operates through HDR Global Trading Limited, registered in Seychelles, and applies mandatory KYC and AML compliance procedures for users. BitMEX also states that its brokerage entity, BXM Link AG, is a member of the Swiss self-regulatory organization VQF, which is officially recognized by FINMA in Switzerland.
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- High-trade value and liquidity level
- Simplified registration procedure
- Margin trading with leverage up to 1:100
- World-class security system by Amazon Web Services
- High speed transfer speed for fund replenishment and withdrawal
- Powerful analytical and reference system integrated into your personal account
- Funds deposits and withdrawals are only in Bitcoins
- The risk of serious losses due to the abuse of high leverage
TU Expert Verdict
Chief Analytics Officer
BitMEX is a cryptocurrency exchange focused on crypto derivatives, offering leveraged trading up to 1:100 on futures and perpetual contracts, spot trading, staking, copy trading, and automated trading via web and mobile platforms. The platform supports 79 cryptocurrencies, features advanced order types, seamless integration with TradingView for technical analysis, and requires KYC verification. Trading fees are competitive among industry peers, with spot and futures commissions generally below average, and there are no deposit or withdrawal fees. Security is emphasized through cold wallet storage, multi-signature withdrawals, and no successful hacks reported.
However, a notable drawback is that BitMEX is not regulated by any government authority and operates under registration in Seychelles, which may lead to lower client protection compared to Tier-1 regulated exchanges. Other disadvantages include deposits and withdrawals available only in Bitcoin, the absence of certain payment methods like bank transfers or PayPal, and a limited selection of passive income products. As a result, BitMEX may be suitable for active crypto traders comfortable with non-regulated environments but may not be ideal for those prioritizing fiat flexibility or regulatory oversight.
BitMEX Summary
Your capital is at risk. Cryptocurrency trading can be extremely risky. Cryptocurrency trading can lead to large and immediate financial losses. The volatility and unpredictability of the price of cryptocurrency relative to fiat currency may result in significant loss over a short period of time. Transactions in cryptocurrency may be irreversible, and, accordingly, losses due to fraudulent or accidental transactions may not be recoverable. The nature of cryptocurrency may lead to an increased risk of fraud or cyber attack.
| 💻 Trading platform: | Proprietary platform, integration with NinjaTrader is possible (up to 8th edition) |
|---|---|
| 📊 Accounts: | Standard |
| 💰 Account currency: | XBT |
| 💵 Deposit / Withdrawal: | Bank cards and accounts, cryptocurrency wallets, third-party services |
| 🚀 Minimum deposit: | 0,0001 XBT |
| ⚖️ Leverage: | Up to 1:100 |
| 💼 Copy Trading: | Yes |
| 📈️ Min Order: | No |
| 💱 Commission: |
Spot: 0.1%-0.1% Futures: 0.02%-0.075% |
| 🔧 Instruments: | 79 supported coins, Futures, Perpetual contracts, Fiat. |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Order execution: | n/a |
| ⭐ Trading features: | All contracts are in Bitcoins |
| 🎁 Contests and bonuses: | Yes |
BitMEX supports spot trading, perpetual contracts, futures trading, staking services, copy trading, and automated trading tools. The cryptocurrency exchange offers leveraged trading with up to 1:100 leverage on selected perpetual contracts, along with advanced order management tools and multiple execution modes designed for active traders. Users can place Market, Limit, Stop Market, Stop Limit, Take Profit, IOC (Immediate or Cancel), and FOK (Fill or Kill) orders commonly used in derivatives and algorithmic trading strategies. The exchange also supports cross and isolated margin modes for more flexible risk management.
BitMEX additionally integrates with TradingView, allowing users to connect their accounts directly to TradingView charts and trade using advanced technical analysis tools and custom indicators. API connectivity is available for automated trading systems, while built-in Trading Bots support customizable Grid and signal-based strategies. Copy trading functionality enables users to replicate trades of selected traders while applying personal risk controls such as Stop Loss and Take Profit settings.
BitMEX Key Parameters Evaluation
Regulation and Safety
With a 5.75/10 score, BitMEX demonstrates a moderate level of security and regulation. While the platform meets basic safety standards, it may not offer the same level of protection as higher-rated exchanges.
- No successful hacks history
- 2FA
- Cold wallet storage
- Investor protection fund
- No facial recognition
- Not government-regulated
- Not tier-1 regulated
BitMEX Security Factors
We also compared BitMEX against the top two competitors with the highest scores in our overall ranking based on the most critical security indicators.
| BitMEX | Kraken | Coinbase | |
| Tier-1 regulation | - | Yes | Yes |
| Government-regulated | No | Yes | Yes |
| Investor protection fund | Yes | No | Yes |
| 2FA | Yes | Yes | Yes |
| Facial recognition | No | No | No |
| Cold wallet storage | Yes | Yes | Yes |
| Successful hacker attacks | No | No | Yes |
Is BitMEX a regulated crypto exchange?
BitMEX is not currently regulated by any government authority, which is still a common occurrence in the cryptocurrency industry. While this doesn't automatically mean BitMEX is unreliable, government-regulated exchanges are generally considered more reliable due to the added oversight and client protection they offer.
Is verification (KYC) mandatory at BitMEX?
Yes, KYC verification is mandatory at BitMEX. You will need to complete the verification process before you can open an account and access the platform's full range of services.
Is BitMEX available in the USA?
BitMEX is not available in the USA due to regulatory restrictions. In some cases, access might differ by state, so we recommend confirming details with the platform’s support or checking the official website for the latest updates.
You may also consider the top 3 exchanges that are available in the USA and rank highly based on our methodology: Kraken, Coinbase, OKX .
BitMEX commissions and fees
BitMEX received a 7.95/10 score for its trading fees. While BitMEX is not the cheapest crypto exchange, the fees remain reasonable and competitive within the market.
- Futures fees below industry average
- Spot fee below industry average
- No deposit fee
- No Withdrawal fee
- P2P fee applied
What are BitMEX trading fees?
We analyzed BitMEX’s crypto fees and compared them to the top two competitors, both of which hold high average positions in our rankings. To establish a comprehensive benchmark, we also calculated the average fee score based on an evaluation of over 100 cryptocurrency exchanges.
BitMEX trading fees vs competitors
| BitMEX | Nexus Trade | CoinMetro | Industry average | |
| Spot, maker fee (%) | 0.1 | 0.22 | 0.1 | 0.15 |
| Spot, taker fee (%) | 0.1 | 0.22 | 0.2 | 0.194 |
| Futures, maker fee(%) | 0.02 | 0 | 0 | 0.024 |
| Futures, taker fee(%) | 0.075 | 0 | 0.053 |
What are BitMEX deposit and withdrawal fees?
| Deposit fee, % | 0 |
| Withdrawal fee, % | 0 |
Does BitMEX offer P2P trading?
Yes, BitMEX offers a P2P trading platform. We have provided the fees for these transactions and compared them with competitors.BitMEX P2P Fees
| BitMEX | MaiCoin MAX | BTSE | |
| P2P maker fee (%) | 0,01 | 0,1 | 0,01 |
| P2P taker fee (%) | 0,075 | 0,15 | 0,05 |
Deposit and Withdrawal
BitMEX received a 7/10 rating for its deposit and withdrawal services. While BitMEX covers basic payment options, the platform lacks some widely used methods that could improve user flexibility.
- No deposit fees
- Google Pay supported
- Many cryptocurrencies for deposits and withdrawals
- No withdrawal fee
- Bank transfers not available
- No PayPal option
Deposit and withdrawal options
BitMEX supports the following deposit and withdrawal options: Bank card, Crypto, Google Pay, Apple Pay.
BitMEX Deposit and withdrawal options vs competitors
| BitMEX | Kraken | Coinbase | |
| Bank transfers | No | Yes | Yes |
| Bank card | Yes | Yes | Yes |
| Crypto | Yes | Yes | Yes |
| PayPal | No | Yes | Yes |
What is BitMEX minimum deposit?
The minimum deposit at BitMEX is 1 USD/USDT or 1 BTC. The minimum trade size is 1 USD/USDT, which also serves as the minimum amount required to start trading on the platform.
BitMEX minimum deposit vs competitors
| BitMEX | Kraken | Coinbase | |
| Minimum deposit, USD or USDT | 1 | 10 | 10 |
| Minimum deposit, BTC | 1 | 1 | 1 |
| Minimum trade amount, USD/USDT | 1 | 1 | 2 |
Does BitMEX support fiat money?
BitMEX supports fiat currency trading and account funding. The following fiat currencies are accepted:
Supported coins & markets
BitMEX received a score of 6.5/10 in this category, reflecting a solid selection of tradable assets and markets. BitMEX supports 79 cryptocurrencies and basic trading types, although some advanced features or asset diversity may be limited compared to leading exchanges.
- Fiat currencies supported
- Crypto futures available
- Crypto copy trading available
- Yield farming not available
- Crypto options not available
BitMEX supported coins and markets vs competitors
We compared BitMEX with leading exchanges in terms of supported coins, NFT access, and derivatives like futures and options to help users assess the platform’s product range and trading flexibility.
| BitMEX | Kraken | Coinbase | |
| Supported coins | 79 | 278 | 249 |
| Futures/Perpetual contracts | Yes | Yes | Yes |
| Options | No | No | No |
| NFTs | No | Yes | Yes |
BitMEX passive income options vs competitors
We also compared BitMEX with top competitors in terms of passive income opportunities such as staking, farming, and copy trading, to help users evaluate the platform’s earning potential beyond regular trading.
Trading apps & tools
BitMEX received a score of 8.55/10 for its trading apps and tools. Its mobile platforms are highly rated on both iOS and Android, delivering smooth performance, advanced charting capabilities, and real-time market data.
- Strategy sharing with Copy Trading
- Advanced charting with TradingView support
- Advanced tools and automation with API
- App data protection with 2FA
- No standalone desktop access
- No Face ID
- iOS App score 3.1
Trading apps
BitMEX provides web and mobile apps for both Android and iOS users, with an average rating of 3.1 on the App Store and 4.3 on Google Play. Our review focused on core features important to traders, particularly trading functionality and security tools, to evaluate how convenient and safe the BitMEX platform is for mobile use.
| BitMEX | Kraken | Coinbase | |
| 2FA | Yes | Yes | Yes |
| Face ID | No | No | No |
| Mob Indicators | Yes | Yes | Yes |
| Alerts | Yes | Yes | Yes |
| Advanced Orders | Yes | Yes | Yes |
| Trading with bots | Yes | No | No |
| API | Yes | Yes | Yes |
| Extra trading platforms | TradingView | No | No |
Does BitMEX offer a desktop app?
No, BitMEX does not currently offer a desktop app. However, users can access the platform via its web version, which provides more comprehensive functionality compared to the mobile apps.
Does BitMEX offer advanced charting with TradingView integration?
Yes, BitMEX offers advanced charting through direct integration with TradingView. Users can access TradingView’s full suite of indicators, drawing tools, and multi-timeframe analysis directly on the platform.
Contacts
| Foundation date | 2014 |
|---|---|
| Official site | bitmex.com |
| Contacts |
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