BitMEX Review

BitMEX
10% fee discount for 6 months trough our links
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Overview

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… more

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Details

Broker BitMEX
Website URL https://www.bitmex.com
Founded 2014
Headquarters Not disclosed
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 No
Fees Yes
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 No
Mobile Trading Yes
Tablet Trading Yes
Overall Score 8.2

Full Review

bitmex-reviewIn 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:

Trading with leverage: Complete beginner guide

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.

If you’re not to familiar yet with cryptocurrency or trading in general, we advice you to read our cryptocurrency for beginners page.

Cryptocurrency Exchanges & Brokers

If you think about opening a BitMEX account and start trading cryptocurrencies, open a BitMEX account trough our links to receive 10% fee discount your first 6 months.

Screenshots

Screenshot 1 Screenshot 2

Pros

  • 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

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Overall Rating

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Decleration:
I hereby declare this review to based on my own experience trading with this broker and I did not reseve compensation in any way submitting this review

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