BitMEX Reviews

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3.3/5

#23 Cryptocurrency Trading Platforms

29 reviews

Trade in the global stock market under one of the best and fastest growing cryptocurrency trading platforms. BitMEX is a P2P crypto-coin trading platform that allows investors access to the global financial markets using Bitcoin. Through the BitMEX platform, they can serve hundreds of thousands of customers in transacting billions of USD per day.

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Truely score

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3.32

from 29 analyzed reviews

Pros

Reviews with positive sentiment

-

Cons

Reviews with negative sentiment

-

Last updated on March, 7

Features

Multi-Crypto Wallet

Fee Trading

With Fee Trading

Free Trading

PCI Compliance

Portfolio Tracking

Multi Cryptocurrency Wallet

Margin Trading

Reasonable Deposits

Big Withdrawals

Corporate Account

No Trading Limits

Free Trial Period

Referral Program

Firewall Security

OTP Authentication

Investor Protection

Cyber-Security Framework

Privacy Notice

Risk Disclosure

Ranking

Overall ranking

23

Last updated on March, 7

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About the seller

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Bitmex

Frequently Asked Questions

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What makes BitMEX different?

BitMex is a cryptocurrency trading platform that supports leveraged trading using Perpetual and Future Contracts. It offers a fast, safe, and liquid way to trade and hedge cryptocurrency risks. They specialize in Bitcoin, Trading, financial technology, derivatives, and financial services. BitMEX offers a variety of contract types that can be bought and paid using Bitcoin. BitMEX also created the “Perpetual Contract,” a high leverage contract that never expires. It features up to 100x leverage and is also one of the most traded cryptocurrency swap products of all time.

Is BitMEX safe?

Yes, BitMEX is a highly rated trading platform for cryptocurrency. They are also one of the most reliable cryptocurrency trading platforms. You will not find spot trading in BitMEX, but you still have to deposit BTC in it, and that is why they have stringent security measures in place.

Is BitMEX suitable for beginners?

No matter how safe BitMEX is, various reviews state that this cryptocurrency trading platform is not for beginners. Trading with leverage is very risky, which is why it is essential to have a strategy before engaging yourself in bitcoin trading. You can always use a demo account before engaging in a trading platform for cryptocurrency.

What countries can use BitMEX?

BitMEX, which is based in Seychelles, maintains arms in Bermuda and Hong Kong. The three jurisdictions join the United States, the province of Québec in Canada, Cuba, Crimea and Sevastopol, Iran, Syria, North Korea, and Sudan on the list.

Can you buy bitcoin on BitMEX?

BitMEX is a Peer-to-Peer Trading Platform which offers leveraged contracts bought and sold in Bitcoin. BitMEX only handles Bitcoin; therefore, all profit and loss you make are in Bitcoin, even if you're buying and selling altcoin contracts.

Is BitMEX regulated?

Yes. BitMEX, as one of the top cryptocurrency trading platforms, is a fully regulated and licensed company that is purely owned by founders HDR Global Trading Limited. The company is licensed under the Republic of Seychelles as part of the International Business Companies Act of 1994.

Does BitMEX require ID verification?

After Charges of Lax Anti-Money Laundering Controls, BitMEX Now Accelerates Mandatory ID Verification. The U.S. government previously charged BitMEX with facilitating unregistered trading, which pushed the company to mandate identity verification for their clients.

What is maintenance margin in BitMEX?

Maintenance Margin is the minimum amount of Bitcoin you must hold to keep a position open. If your margin balance on BitMEX drops below this level, your position will be taken over by the Liquidation Engine and be Liquidated.

How do I deposit funds in BitMEX?

Go to the BitMEX official website. Under the Account tab, click on the Deposit link, where you will be provided a multi-signature address to deposit Bitcoin. After one confirmation, funds will be credited to your account.

Why does BitMEX use multi-signature addresses?

BitMEX is known as one of the largest cryptocurrency trading platforms in the world, which is why it requires the use of multi-signature addresses as part of the many theft protection measures they provide to ensure the security of customer funds.

Does BitMEX have an app?

Yes. BitMEX is an online cryptocurrency trading platform available for download in Google Play for Android devices and Apple Stores for iOS. You need first to create a BitMEX account found on their official website. They also provide demo accounts before you can start trading on Cryptocurrency on their platforms.

How do I reach BitMEX’s support team?

Contact Support for BitMEX is always open for service if you have clarifications or concerns regarding the company or other related questions. You can visit their website and email them your concerns, and a member of staff will shortly contact you afterward.

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