Friday the 1st 2023
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BitMEX Review


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 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 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.

7 responses to “BitMEX Review”

  1. The rates are poor and the charges are difficult, can’t do a transact without charges reducing rates immensely. Can’t tell what the issue is and crypto were not helpful for the most part, recovery is done but with legit sites that are quick and reliable. This was my approach and capitaltungate made mine possible with an earlier charge back request that almost failed but pulled it through effectively which is a solution many are unaware of.

  2. After going through so many exchanges, I’ve been able to discover that most of them comes in a very easy way to understand. Being in the blockchain network for long, I’ve never come across an exchange platform that would require quite lots of expertise like the exchange platform I would be reviewing today. It’s the Bitmex exchange platform. The Bitmex exchange platform is a cryptocurrency exchange platform that doesn’t accept fiats making it a cryptocurrency exchange platform only. The exchange platform has it’s interface a but complicated. After seeing it, I realized I still have a long way to go in learning some stuff about the blockchain network. Their interface looks so experienced in it’s design and would require one to really be experienced in the blockchain network before using it as I really had a tough time using their
    Not minding these facts, the exchange platform still have some positive factors like the fact that it doesn’t charge anything for deposits and withdrawals are charged based on the blockchain, meaning the company doesn’t charge any fee at all. The exchange platform has also been able to put up some security measures like the use of multi-signature wallet, storing funds in a cold storage and having the private keys kept elsewhere and not on the cloud server. As for their trading fee, the exchange platform charges takers 0.075% and makers get back 0.025% which happens to be really competitive. The trading fee is actually enticing and that was what made me check out their service not knowing how experienced one would have to be before using
    There is another problem I don’t really like about the exchange platform which is the fact that it accepts only Bitcoins.

  3. not regulated in the UK so they make up their own rules and laws, were happy for you to deposit into their wallet but almost impossible to get your money back afterwards

  4. Bitmex is one of the cryptocurrency and derivatives exchanges from Seychelles. It was founded in 2014 by three finance and cryptocurrency experts by name Arthur Hayes, Ben Delo and Samuel Read.
    The exchange supplies contracts for different cryptocurrencies like cardano, ethereum, litecoin, ripple and make them available to be bought and sold in Bitcoin since Bitcoin is it’s major Currency. It does not offer any flat currency on its platform.
    Being an exchange for derivative it will not be suitable for beginners since it is an high way to blowing account up. Platforms like this offer high margin trading and high leverage. While one can make a lot of money even with small account but without necessary expertise knowledge, one can also encounter colossal loss.
    Likely because of the privacy and security breach it encountered in 2019, the exchange has announced a few days ago that it will make KYC compulsory to be able to ensure better security and face out fraudulent traders on its platform. This will likely open its adoption to other countries that insist on adoption of KYC and AML. Before now it’s security has been made stronger with Amazon web services, multisignature, 2 factor authentication and lots more.
    Once again the platform is good for advanced Traders, it is a no go area for learners.

  5. bitmex is one of the most influential exchanges in the price of cryptocurrencies. The base of this exchange is based on leverage trade and few pairs of cryptos are active in this exchange. The exchange currency is bitcoin and it is not possible to deposit any currency other than bitcoin in this exchange. You can’t keep USD in this exchange, for example, and if you want to convert it to usd for fear of falling bitcoin prices, you have to open a Short Position with 1X leverage. Personally, I always have to do that in trades to avoid risk, and I pay the exchange fee every time, and that’s annoying.
    bitmex is one of the most specialized cryptocurrencies exchanges and is one of the first exchanges to offer the cryptocurrencies market similar to the major global markets.

  6. They can’t run their platform with integrity. lost 1.5 BTC due to their platform not responding to trades when it was needed with no help given by their support team. Do not use this platform, use Deribit instead for perpetual BTC leverage trading.

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