deposit:
- 0.0001 XBT
Trading platform:
- Ninja Trader
- All contracts are in Bitcoins
Summary of BitMEX Crypto Exchange
BitMEX is a cryptocurrency exchange with higher-than-average risk and the TU Overall Score of 4.44 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 recommends users to consider a more reliable broker with better conditions, as, according to reviews, many clients of this broker are not satisfied with the company’s work. BitMEX ranks 42 among 173 companies featured in the TU Rating, which is based on the evaluation of 100+ criteria.
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.NOTE!
If you are planning to trade cryptocurrencies, and not just keep your savings in crypto wallets, we recommend that you choose one of the top brokers with reliable regulation and access to trading crypto CFDs. This type of trading will help you avoid holding your cryptocurrency in e-wallets of exchanges, which quite regularly get hacked. Also, availability of leverage will allow you to trade crypto CFDs for amounts much higher than your deposit.
Traders Union experts recommend considering Top 3 companies from our rating:
The BitMEX brokerage is a peer-to-peer (P2P) trading platform for cryptocurrency and other digital market assets. It is part of the HDR Global Trading Limited holding group. The company is headquartered in Seychelles with global offices. This is one of the largest cryptocurrency exchanges, with a trading volume of over $3 billion (60 thousand BTC) per day. The XBTUSD Perpetual Contract is the main exchange product and the most traded in the industry. BitMEX is expanding its offer with new perpetual contracts, traditional futures, and quantum futures instruments.
💰 Account currency: | XBT |
---|---|
🚀 Minimum deposit: | 0,0001 XBT |
⚖️ Leverage: | Up to 1:100 |
💱 Spread: | From 0 |
🔧 Instruments: | Cryptocurrencies, US dollar |
💹 Margin Call / Stop Out: | No |
👍 Advantages of trading with BitMEX:
- High-trade value and liquidity level;
- simplified registration procedure;
- margin trading with leverage up to 1:100;
- you can use short positions;
- 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.
👎 Disadvantages of BitMEX:
- funds deposits and withdrawals are only in Bitcoins;
- the trading terms (e.g., the “liquidation trigger” is the index marking price) may be unfamiliar to some users;
- the risk of serious losses due to the high leverage abuse.
Evaluation of the most influential parameters of BitMEX
NOTE!
Do not miss a chance to get additional monthly bonuses and payouts for trading at BitMEX cryptocurrency exchange.
Enter the referral code when you register on the website or BitMEX app.
enfrrf
*TU may receive partnership reward for registration of the client on the company’s website on a referral link.
Geographic Distribution of BitMEX Traders
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Expert Review of BitMEX
BitMEX is the leader of the global cryptocurrency exchange market. The exchange was created in 2013 when the popularity of digital currencies was not even close to its first peak. Today, over $3 billion of Bitcoins are traded here each day, and this figure is growing. This is one of the key criteria in assessing the demand for a cryptocurrency exchange and the adequacy of its trading conditions.
The exchange is constantly accelerating. For example, it integrated with Sierra Chart for charts and trading in 2018. BitMEX recently conferred with NinjaTrader and now the full set of BitMEX market data is supported in the 8th version of the trading terminal. Moreover, the site provides detailed instructions for all integrations in a localized form.
Important safety note. Today BitMEX is the only cryptocurrency exchange that requires multiple digital signatures to complete a transaction. All addresses are multi-signing, and all funds are stored strictly in offline storage. No data on wallets and transfers are stored in the cloud. This is a perfect security system and it cannot be hacked.
Latest BitMEX News
Dynamics of BitMEX’s popularity among
Traders Union’s traders, according to 2023 data
Investment Programs, Available Markets, and Products of the Crypto Exchange
The BitMEX cryptocurrency exchange doesn’t provide an opportunity for generating passive income. The company does not have any investment programs and all services are focused on generating income directly from the purchase/sale of the cryptocurrency asset selected.
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
BitMEX affiliate program:
BitMEX has a standard program for attracting referrals. The user gets a part of the commission from the transactions of the users attracted. The number of payments (part of the commission) depends on the number of referrals and their trading volume, for example:
over 0XBT – 10%;
over 1,000XBT– 15%;
over 10,000XBT– 20%.
Referrals get a temporary discount on commissions for their trades. Payments are made daily at 12:00 UTC.
Trading Conditions for BitMEX Users
BitMEX offers one of the lowest commissions in the segment due to large trading volumes and high liquidity. However, to obtain an objective assessment, it is fair to correlate the target cryptocurrency exchange data with the industry average data.
0.0001 XBT
Minimum
deposit
1:100
Leverage
24/7
Support
💻 Trading platform: | Proprietary platform, integration with NinjaTrader is possible (up to 8th edition) |
---|---|
📊 Accounts: | Standard |
💰 Account currency: | XBT |
💵 Replenishment / Withdrawal: | Bank cards and accounts, cryptocurrency wallets, third-party services |
🚀 Minimum deposit: | 0,0001 XBT |
⚖️ Leverage: | Up to 1:100 |
💼 PAMM-accounts: | No |
📈️ Min Order: | No |
💱 Spread: | From 0 |
🔧 Instruments: | Cryptocurrencies, US dollar |
💹 Margin Call / Stop Out: | No |
🏛 Liquidity provider: | No |
📱 Mobile trading: | Yes |
➕ Affiliate program: | Yes |
📋 Orders execution: | n/a |
⭐ Trading features: | All contracts are in Bitcoins |
🎁 Contests and bonuses: | n/a |
Broker comparison table of trading instruments
BitMEX | Bybit | OKX | XT.com | Binance | Cryptohopper | |
Forex | No | No | No | No | Yes | No |
Metalls | No | No | No | No | No | No |
Crypto | Yes | Yes | Yes | Yes | Yes | Yes |
CFD | No | No | No | No | No | No |
Indexes | No | No | No | No | No | No |
Stock | No | No | No | No | No | No |
ETF | No | No | No | No | No | No |
Options | No | No | No | No | No | No |
BitMEX Commissions & Fees
Account type | Spread (minimum value) | Withdrawal commission |
Standard | From 0.075% per market order | No |
Moreover, the Traders Union specialists have carried out a comparative analysis of BitMEX trading commissions with competing cryptocurrency exchanges so that you can visually compare the trading terms in the exchanges presented below.
Broker | Average commission | Level |
BitMEX | $0.07 | Low |
Binance | $6 | Medium |
Bybit | $20 | High |
Contacts
Foundation date | 2014 |
Official site | bitmex.com |
Contacts |
Email:
support@bitmex.com,
|
Disclaimer:
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.
Read also about other cryptocurrency exchanges:
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FAQs
Do reviews by traders influence the BitMEX rating?
Any review can raise or lower the rating of any broker in the general list of brokers. To read reviews about BitMEX you need to go to the broker's profile.
How to leave a review about BitMEX on the Traders Union website?
To leave a review about BitMEX, register on the Traders Union website or you can also leave a review through Facebook.
Is it possible to leave a comment about BitMEX on a non-Traders Union client?
Anyone can leave feedback about BitMEX on multiple participating clients; however, Traders Union clients also receive additional payments later for working with any broker listed at the Forex market.