The global financial markets for digital assets are accessible through the trading platform BitMEX. Users of BitMEX can purchase, deposit, withdraw, convert, and trade cryptocurrencies (XBT, ETH, and USDT) as well as 36 fiat currencies.

Since inventing the XBTUSD perpetual swap, one of the most traded crypto products in history, BitMEX has been at the forefront of cryptocurrency exchanges, transforming the market and never stopping from innovating.
The Beyond Derivatives strategy was launched in 2021, paving the way for BitMEX to achieve its goal of becoming the largest regulated cryptocurrency exchange in the world and a genuine force for change in the financial sector. By incorporating five new international business segments—Spot, Brokerage, Custody, Information Products, and Academy—Beyond Derivatives significantly increases BitMEX’s service offerings.

BitMEX Pros & Cons

Who Is BitMEX Recommended For??

The cryptocurrency industry stands out for a variety of reasons, including the fact that it is becoming increasingly popular with all demographics due to solutions that are simple to use. However, another, equally significant factor is the price volatility and the high risk associated with some of the goods.

Therefore, before joining this platform or any other, you should probably make sure you have some basic knowledge about what you are doing and what tools you are trading with, whether you are new to cryptocurrency or have already taken your first steps (or lots of them) into the space.

BitMEX intends to be a one-stop platform for everyone who wants to learn about and trade with cryptocurrencies, whether they are seasoned traders or newcomers. BitMEX Academy is a resource for the industry’s development. armed with knowledge on issues like bitcoin, blockchain technology, trading fundamentals, and other important aspects of succeeding in the cryptocurrency markets.

BitMEX Features

Convert cryptocurrency. Convert is a reliable cryptocurrency converter that gives you the choice of easily converting your cryptocurrency coins. Users can convert Bitcoin and Ether into Tether using Convert, and vice versa; further coin conversions will be made available soon. It has no fees, provides a free quote to the user before performing the conversion, and completes the transaction instantly.

Permanent Swap. The XBTUSD perpetual swap, a contract created by BitMEX in 2016, altered the rules of the crypto game and eventually became the most traded crypto product in history. It is comparable to a conventional futures contract, but differs in a few ways: it has no expiration date, it resembles a spot market with margin, and it requires less margin, opening up possibilities for up to 100X leverage.

Spot trading. BitMEX has announced that BitMEX Spot, which will have full-service spot capabilities globally and give customers a mechanism to buy and sell crypto assets, will soon be introduced. In addition to recently adding ETH to the list of supported tokens, it has already launched its own native token, BMEX, and will continue to add more cryptocurrencies over the coming weeks.

BitMEX University. This teaching tool, which is a multimedia learning platform with some of the brightest minds in the cryptocurrency sector, will be covered in more detail below. There are numerous outstanding, interactive courses, podcasts, and library resources available, ranging from basic knowledge to more complex insights.

APIs. In order to build, evolve, and create their own Application Programming Interfaces, BitMEX claims that great care was taken. Every function used by the BitMEX website is provided via the open and comprehensive APIs. This gives programmers complete freedom to create any kind of application on top of BitMEX.

Trading Server Density: 2invest’s 70 datacenters dispersed across the globe demonstrate the company’s commitment to customer service and quick execution. No matter where the trader is located, these offer quicker access to the market and improved liquidity.

Multiple Language Support. Customer service is offered by BitMEX through a portal on its app in English, Chinese, Russian, and Turkish, with the addition of other languages in Q2 of 2022.

• Type of Broker: Exchange
• Regulation & Licensing: Unregulated (Parent Company based in Seychelles) 
• Assets Offered: Cryptocurrencies
• Platforms Available: Web, Mobile 
• Mobile Compatibility: iOS, Android
• Payment Types Accepted: Visa & Mastercard credit/debit cards, electronic fund transfers, cash deposits
  
  
  

Account Types BitMEX

BitMex Account

• Account Currencies: AUD, CAD, CZK, DKK, EUR, GBP, NOK, NZD, PLN, RUB, SEK, SGD, TRY, USD
• Available Leverage: Up to 1:100
• Minimum Deposit: Based on product 
• Starting Spreads: –
• Commission Per Trade: -0.01% (Maker Fee) 0.025%-0.05% (Taker Fee)
• Decimal Pricing: –
• Trading Instruments: Cryptocurrencies 
• Demo Account: –
• Swap/Rollover Free: –
• Copy Trading Support: –
  
  
  

BitMEX Regulations and Security

HDR Global Trading Limited, a business established in the Republic of Seychelles in 2014, is the owner of BitMEX. 148707 is the company number. BitMEX has a policy known as Restricted Jurisdictions, which is the basis for which it refuses to offer services to US Persons and clients who are based in, established in, or nationals of a number of the nations listed here.

Since there has never been a loss of Bitcoin due to hacking or intrusion, BitMEX is regarded as a highly secure platform. BitMEX received one of the most stringent certifications for security management systems—ISO/IEC 27001—in July 2021. In addition to an audit of IT systems, this certification process includes a thorough analysis of the risks (threats, vulnerabilities, and impacts) associated with information security, an evaluation of a comprehensive set of information security controls and risk mitigation protocols, and the implementation of a management process to guarantee that information security standards continue to advance.

Conclusion on BitMEX

You must reside in a nation that is not part of one of the restricted areas in order to use BitMEX, which is a fantastic platform. The exchange provides a large variety of products, excellent liquidity, and leverage. Before deciding whether you want to trade with a company, do your own research on it.