BitMEX Reviews Read Customer Service Reviews of bitmex com


For derivatives contracts, the fees of -0.01% and 0.075% are reasonable for traders that use limit orders. Traders that execute market orders will be charged slightly higher fees than the top platforms. In contrast to many trading mobile apps, BitMEX offers all of its desktop features to mobile users. The home screen features an overview of the user’s wallet balance, quick links to buy/sell/convert, and basic information on the user’s favorite assets. Another interesting feature we found when creating our BitMEX review is a simple interest-earning platform for Bitcoin or USDT holdings. Users can deposit tokens (or purchase through a third-party partner) into BitMEX and choose an Earn product.

  • You simply enter the external wallet address that you want to transfer the funds to via your BitMEX account portal.
  • BitMEX does not demand payments from traders with negative account balances.
  • As BitMEX primarily targets experienced users likely to trade frequently, these lower fees are likely a big reason for the exchange’s appeal.

Irrespective of the language you require, the BitMEX customer support team operates 24 hours per day, 7 days per week. It should be noted that the platform’s CEO – Arthur Hayes, often makes appearances on mainstream media platforms such as Bloomberg and CNBC. This at the very least illustrates that the CEO is happy to answer questions in the public domain, and present the company as a transparent entity.

For perpetual contracts, a funding rate occurs every eight hours. Beyond this, there are no requirements on how or when investors can use the platform, making it the ideal choice for those that prefer continual access to the service. BitMEX is a 24/7 cryptocurrency trading platform, and as such, is available whenever traders would like to access the service.

You also have to be aware of the fact that you are not buying the underlying asset and are entering a derivative trade. This is not the platform that you will use for any sort of “buy and hold”. This is also particularly useful for those traders who command a relatively strong following online.


Therefore, it’s essential that the company has taken the required security measurements. BitMEX ensures that every withdrawal is audited by hand – not once, but twice before it’s finalized.Also, private keys are not stored on servers, making the funds that much secure. Every deposit address that the exchange platform encounters is verified by a third-party service, ensuring that the addresses contain the keys managed by the company’s founders.

bitmex reviews

However, since the platform works on Bitcoin, you will need to pay the Bitcoin Network fee as you always need to. Those fees are set dynamically and depend on the load of the Bitcoin blockchain. But if it offers high leverage to traders, why isn’t it more popular? We answer all that and more in this unbiasedcryptocurrency exchangereview.

Creating and Verifying a BitMEX Account

Notably, the BitMEX UP Contract will have both an expiry date and strike price. If you do have an interest in crypto-centric futures contracts, BitMEX also facilitates this. All futures contracts are settled on a cash-basis, and depending on the underlying cryptocurrency it is tied to, comes with an expiry period of 7 days, 1 month, or 4 months . It is also worth noting that perpetual contracts most commonly trade at a different price to futures contracts. This is because the former aims to trade as close to the reference index price as possible, while the latter is exclusively focused on demand and supply. Although the platform was only formed in 2014, BitMEX is responsible for some of the largest trading volumes in the cryptocurrency arena.

bitmex reviews

On our website you will find guides and tutorials for both beginners and advanced traders. Everything is explained in such a way that no technical knowledge is required. On CryptoTips you read independent reviews about crypto companies where you can buy cryptocurrency or leave your own review.

At 0.1% for users in the basic tier, BitMEX offers some of the lowest fees in the industry. As BitMEX primarily targets experienced users likely to trade frequently, these lower fees are likely a big reason for the exchange’s appeal. This exchange has a trading desk that ptotects the exchange from risk. Thus if you put any kind of position in play over 1000 pounds they will move market to manipulate you. You can actuallt manipulate them to liquidate you while counter tradibg your own pisition as a hedge as their behaviour is that reliable. However often price moves on mex are often not reflected on the main market as seen often on xrp.

History of BitMEX

Apart from the threat that comes from external attackers, there is also a great deal of risk in running such a highly levered and voluminous trading platform. They also use an external service to verify that all deposit addresses that are created on the system are those that are controlled by the founders. In this BitMEX review, we will dig deep into this exchange and give you all the answers. We will also give you some hints and tips in order to avoid liquidations and make the most out of futures trading. This is one of the most well-known Bitcoin future exchanges in the world and is the go-to exchange for advanced traders and speculators alike.

bitmex reviews

Although the volume is not taken into consideration with the calculations , because it also includes leverages, it does say something about this exchange. Cryptocurrencies can fluctuate widely in prices and are, therefore, not appropriate for all investors. Trading cryptocurrencies is not supervised by any EU regulatory framework. Any trading history presented is less than 5 years old unless otherwise stated and may not suffice as a basis for investment decisions. The fact that BitMEX offers a multi-signature wallet will also appeal to many experienced cryptocurrency traders. If you’re new to cryptocurrency, you will find this platform quite complex, given that it deals with leverage trading.

With many drawing tools and even more crypto indicators via TradingView, BitMEX is an excellent platform for technical traders wanting to trade leveraged contracts. 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. However, it has made more headlines in recent years due to a lack of regulatory compliance and its founders facing criminal charges in the U.S. for violating the Bank Secrecy Act.

The platform itself is similar to trading platforms used by hedge funds and institutional investors. BitMEX is a very advanced derivatives trading platform focusing on a few popular coins, such as Bitcoin and Ethereum. The fees are some of the lowest in the industry, with rebates available for derivatives traders and access to 100x leverage. However, as leverage can increase the potential downside, BitMEX only supports 30 coins, and there is no propriety fiat support, it is only made for advanced crypto traders. BitMEX is a highly-focused derivatives trading platform with 30 coins listed. However, it offers a very well-designed trading interface and access to advanced trading tools, and up to 100x leverage.


It has zero fees, gives the user a free quote before executing the conversion, and the transaction occurs immediately. Yes, BitMEX mobile bitmex review app and APIs are available on iOS and Android devices. Storage of user assets such as Bitcoin and the private keys is entirely offline.

Leverage at BitMEX

Here, the closing trade occurs at a higher price than the bankruptcy price and the insurance fund benefits. For traditional futures trading, BitMEX has a straightforward fee schedule. As noted, in terms of leverage offered, BitMEX offers up to 100% leverage, with the amount off leverage varying from product to product.

The hand-processed withdrawals is an extra layer of security should your account be compromised at any time. BitMEX has also built in a number of checks for risk management. The total sum of balances of all accounts on the website should always be zero.