BitMEX Review
BitMEX
Website: bitmex.com
About company:
The BitMEX cryptocurrency exchange is registered in the Seychelles and has been successfully operating on the market for over 5 years. Its daily trading turnover exceeds 3.5 billion US dollars. The site is designed for professional traders and is considered one of the best for margin trading. A distinctive feature of bitmex.com is that the maximum leverage for BTC is 1:100. Eight currencies are available for trading: bitcoin, bitcoin cash, ethereum, cardano, EOS token, litecoin, tron and ripple. You will learn more about the site in our review. How to trade on BitMEX? Registration on the exchange To create a profile on the bitmex.com website, you only need to specify your first name, last name and email. A link will be sent to your email to complete the registration. Users are not required to verify by sending passport scans and proof of registration. Judging by the reviews, such loyalty does not affect the security of transactions and capital storage.
Interesting: you can use leverage on BitMEX. Including x100. There is a convenient demo version – great for beginners or practicing strategies. I registered in 2019, and since the end of August 2020 – (for a minute, only six years after the creation of Bitmex in 2014) – the exchange began to verify the identity of traders before registering. So get ready for verification. How difficult, I don’t know. Lucky to check in early =)
Like ******, BitMEX can trade futures or swaps. If you know WHAT it is, then go ahead – experienced guys (and girls) will be comfortable here. This will be a good choice for experienced traders who already have some kind of complex strategy. The platform itself is more focused on cryptocurrency derivatives. The trading account can only be maintained in bitcoins. There is leverage up to 1:100. Commissions are relatively low compared to competitors. “Human” and fast support – which is amazing. This is often the weak point of crypto exchanges.
The BitMEX trading platform is very complex (I tested all sorts of exchanges, at least 20 pieces) – but this is one of the most deployed applications. This is a big plus for advanced traders, but it can be overwhelming for beginners due to the number of tools and features.