10% fee discount for 6 months trough our links
|Support Number||1 (844) 577-3999|
|Support Types||Email, phone, contact form on website|
|Languages||BitMEX provides support for the English, Chinese, Russian, Korean, and Japanese languages.|
|Trading Platform||BitMEX trading platform|
|Minimum 1st Deposit||None|
|Minimum Account Size||None|
|Minimum Trade Amount||$0.01|
|Maximum Trade Amount||None|
|Bonus||10% fee discount for 6 months trough our links|
|Payout||Superfast, depends on cryptocurrency traded|
|Leverage||1:1 up to 1:100|
|Spread||BitMEX doesn't charge spreads, instead uses a maker/taker model|
|Free Demo Account|
|Fee Info||Trading fees are 0.075% of the total order value for takers, but makers get paid 0.025% for making trades. Trading fees for makers is thus -0.025%. Withdrawal fees correspond to the network fees|
|Account Types||BitMEX account|
|Deposit Methods||All kinds of cryptocurrencies|
|Withdrawal Methods||All kinds of cryptocurrencies|
|Trading Methods||margin trading, hedging, scalping|
|Number of Assets||100+|
|Expiry Times||Depends on contract|
|Types of Assets||Over 100 different cryptocurrency pairs|
|Option Types||Futures contracts, perpetual contracts|
|Trading Currency||Over 100 different cryptocurrencies including but not limited to Bitcoin, Cardano, Ripple, Ethereum, Litecoin, Dash, Tether, Bitcoin Cash, Tezos, Tron etc.|
|Account Currency||You can fund your BitMEX account with over 100 diferent cryptocurrencies|
|US Traders Allowed|
In this BitMEX review, updated for 2020, we’re going to take a look at the platform and how it works. Although instead of a whole lot of text, we’ll provide you with a tutorial video instead.
BitMEX is a cryptocurrency exchange founded in 2014 and is one of the biggest crypto exchanges for professional cryptocurrency traders. Bitmex is a peer 2 peer trading platform, meaning that orders are filled by other traders, rather than the broker it’s self.
BitMEX and the mobile apps issued under BMEX are wholly owned and operated by HDR Global Trading Limited, a Republic of Seychelles incorporated entity or its relevant authorized affiliates. All charts on BitMEX are powered by TradingView.
With this particular cryptocurrency exchange one can trade with leverage up to 1:100. Note that using leverage to trade can be risky. More about this in our extensive article:
In theory one could turn $10 into $1000 fairly easy because a leverage of times hundred is offered. For beginner traders however, I wouldn’t personally recommend using such a high leverage. If you’re a bit more skilled trader however, you could definitely try it. Of course, all trading bears risk.
BitMEX Review 2020 – How does BitMEX work?
To get a better understanding of how BitMEX works, check out the video below. In this video all the features of the BitMEX trading platform and how to use are fully outlined. If you still have any questions, feel free to ask them by using the live chat feature or the comment section below.
- BitMEX Next generation Cryptocurrency Exchange
- Up to 100:1 leverage
- No expiry dates or overnight fees
- State-of-the art Security systems and account protection
There is no review.