20,0%
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10,0%
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7,0%
Top 10
5,0%
Top 20
1,0%
Top 40
0,5%
Top 100
0,2%
Top 100+
0,05%
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BitMEX Review 2021
Trading terminals:
4
9.3/10
Overall rating
Trading terminals:
Summary of BitMEX Trading Company Crypto Exchange
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 |
Attention!
We only work with accounts opened through or linked to the Traders Union website.
👍 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.
Overall
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.
Visit BitMEXGeographic Distribution of BitMEX Traders
Top 3 BitMEX Customer Reviews
The cryptocurrency exchange is perfect for professional traders. Novice traders may be shooed away by the stodgy interface, but it can be individually customized. There are perpetual and quarterly converse type contracts, the liquidation trigger is the price of the index marking, and not the price of the last transaction, as with almost all competitors. I consider auto-deleting the losses processing mechanism as a big advantage, as it is more difficult to work with specialized losses and tokens issuance. If there is a full refund, then usually the other terms are mediocre. I have over 7 years of experience in cryptocurrency trading. I chose BitMEX for my journey. They offer a great mobile application in addition to the browser version.
I feel positive about this broker. I consider the possibility to withdraw funds only in Bitcoins as a plus, as it really simplifies all operations. Moreover, Bitcoin is still the most popular digital currency. I’ve been trading purely perpetual BTCUSD for over two years, and I am very satisfied.
First, BitMEX is the only cryptocurrency exchange that allows trades with leverage up to 100x without restrictions. Be careful with such leverage, but the profit potential is enormous. The initial margin of 1%, maintains at 0.5%. Note that on this platform, MM is an indicator for the all-positions compulsory liquidation.
The second point is that some cryptocurrency exchanges allow opening two positions at once, such as short and long, under one contract. The result: there is double open, double close, double spread— and double costs.
Everything is simpler and more profitable in BitMEX as positions are linked, respectively. In other words, you pay only for one opening and one closing in any case.
The third benefit of BitMEX is there is only one button for selling Bitcoin and only one button for buying it. That is, for example, as soon as a sell order is executed, your positions shall be immediately reset to zero. There are no problems with positions closing or liquidating.
BitMEX Latest Comments for 2021
0
1
8
Positive reviews increase standing and, of course, any negative reviews decrease its position in the ratings.
Just register and get authorized to submit a review of the broker’s activities and conditions on its platform. Everyone can and is invited to submit a review. All reviews of BitMEX published on the website in 2021 are verified and confirmed by Traders Union as reliable comments by real traders.
kawishpubudu
You can work with BitMEX. But you need to take into account various points that you don't even know right away. And newcomers have nothing to do here.
ashan777
Problems happen when trading. Not so long ago, quotes fell on BitMEX on xrp. Many traders have suffered losses. But it is important that there was no such drop in xrp on other exchanges. So decide for yourself whether to trade with BitMEX or not.
naxx
Trading on BitMEX is very difficult. Better try on other exchanges, here trading is very similar to a casino. Lucky not lucky. Bad luck - you will lose everything. If you're lucky, you can double your capital.
Thusitha
This exchange looks a lot like a normal troubled or questionable company. BitMEX give a lot of leverage for the client to lose their money. They don't even hide that they make money on liquidations. I opened a buy position, but it was immediately closed to me in the red.
dilruklasantha
The BitMEX exchange is not intended for the exchange and withdrawal of cryptocurrency. This is a purely exchange for trading. They take quotes from different exchanges. But this is where the problem lies. BitMEX can take quotes from specific fraudulent resources. And traders lose money on such quotes.
saduin
Don't think about taking X100 leverage on BitMEX. I will tell you that this feature is designed for inexperienced beginners. But I read reviews that even more experienced traders lose money. BitMEX is given a lot of leverage, but this leads to instant losses.
namaljoy
With a strong market movement, the BitMEX exchange does not allow you to open or close a deal. The platform writes "The system is currently overloaded". This topic has long been raised by customers. But so far nothing has changed.
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.
Analysis of the Main Features of this Crypto Exchange
Dynamics of the Popularity of BitMEX
in 2020 among the Users of the Traders Union
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.
Important!
If you are a large investor and plan on investments over $10,000, contact us at [email protected] or by the feedback form on our website. Our professional team will take you through all the intricacies of thedeal 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.
Rebate and Discount Programs of the Traders Union for BitMEX
You can register on the cryptocurrency exchange directly or through the Traders Union website using the affiliate link. The Traders Union intermediary doesn’t impose any obligations or restrictions but allows the return of a part of the commission (rebate). Registration with Traders Union is free.
Information
At the moment, the following partnership agreement is valid between Traders Union and BitMEX: the cryptocurrency exchange pays the Union 20% of the commission from each transaction. 80% of this amount is passed along to Traders Union clients.
Example. You open a trade on BitMEX and pay the platform a commission of 1 XBT. The exchange returns 20% of this amount, i.e., 0.2 XBT to the Traders Union. You get 80% of the refund amount, i.e., 0.16 XBT. This is your real savings on commission costs and extra profit.
Try it! Try it!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 |
BitMEX Commissions & Fees
Information
The BitMEX cryptocurrency exchange fees depend on several dynamic factors. They differ for perpetual contracts, futures, and quantum futures. Factors affecting the size of the commission for a specific instrument are: leverage, maker, taker, financial longs and shorts, and funding interval. The exchange doesn’t take a commission for funds deposit/withdrawal.
| 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 |
BitMEX
Binance
ByBit
Conclusion
The BitMEX cryptocurrency exchange offers rewarding commissions that allow you to trade comfortably with major digital currencies. Registration on the exchange using the Traders Union affiliate link will additionally reduce commission costs.
Contacts
| Official site | bitmex.com |
Tags:
BitMEX www bitmex.com www bitmex com bitmex.com bitmex com Bitcoin Mercantile ExchangeThe Oldest Reviews of this Crypto Exchange
Positive reviews increase standing and, of course, any negative reviews decrease its position in the ratings.
Just register and get authorized to submit a review of the broker’s activities and conditions on its platform. Everyone can and is invited to submit a review. All reviews of BitMEX published on the website in 2021 are verified and confirmed by Traders Union as reliable comments by real traders.
Lonley178
There is no commission for deposits at BitMEX. But there is a conclusion. There is also a commission when opening and closing a trading order. It all depends on the type of contract and what tokens are traded. But I will say that the fees at BitMEX are considerable.
ForexChen
BitMEX is well known among cryptocurrency traders. But there are nuances here. You are offered a large leverage X100. However, when opening a deal with such a leverage, the client's deposit is practically drained. So see for yourself.
namaljoy
With a strong market movement, the BitMEX exchange does not allow you to open or close a deal. The platform writes "The system is currently overloaded". This topic has long been raised by customers. But so far nothing has changed.
saduin
Don't think about taking X100 leverage on BitMEX. I will tell you that this feature is designed for inexperienced beginners. But I read reviews that even more experienced traders lose money. BitMEX is given a lot of leverage, but this leads to instant losses.
dilruklasantha
The BitMEX exchange is not intended for the exchange and withdrawal of cryptocurrency. This is a purely exchange for trading. They take quotes from different exchanges. But this is where the problem lies. BitMEX can take quotes from specific fraudulent resources. And traders lose money on such quotes.
Thusitha
This exchange looks a lot like a normal troubled or questionable company. BitMEX give a lot of leverage for the client to lose their money. They don't even hide that they make money on liquidations. I opened a buy position, but it was immediately closed to me in the red.
naxx
Trading on BitMEX is very difficult. Better try on other exchanges, here trading is very similar to a casino. Lucky not lucky. Bad luck - you will lose everything. If you're lucky, you can double your capital.
Author of this Review
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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.
Why is it more profitable to work with BitMEX through Traders Union?
Because you will receive additional payments from Traders Union every month while all other functions on your chosen trading platform remain the same.
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