BitMEX Review
Website: bitmex.com
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 bitmex.com 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 bitmex.com 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.
Actually, there are very many cryptocurrency exchanges in the crypto world today but many are actually scam but as for this exchange, BitMEX, it is a very nice exchange to trade on because of its Liquidity. From my knowledge about this exchange, BitMEX is one of the Exchanges that has enough tools to trade your cryptocurrencies as it has a well established platform. Actually, this exchange is mainly used by professional traders because it has enough functions required of an excellent exchange.
This exchange, BitMEX has been performing professionally since the year 2014 in Hong Kong as it has its headquarters in Mahé in Seychelles and till date it is really growing higher and higher. BitMEX is a very nice exchange, it supports many trade categories like the spot aspect, the margin trade and even the fiat market. In conclusion, I strongly recommend that you should try it out yourself.
I get a lot of server busy errors during the high volatility, but in other aspects the trading platform is perfect
The main disadvantage is very disqusting UI… like they are from 2000-s
The best I have found so far. Sometimes server goes off
About a year and a half ago, I was trading in a bitmex exchange for a year. At that time, I did not have a serious problem with that exchange, but it seems that this exchange does not have much supervision to prevent price manipulation, and a large number of price manipulations have been done so far.
In addition to extreme manipulation, most of the time in the case of fast dump and pump the price goes at least a little more and this causes more active positions to be liquidated.
In terms of security, I did not have a problem with bitmex, and two-step login can be enabled to prevent account hacks.
Support staff is useless. They make matters even worse. Also, their charts have many scam wicks. Google them, they make you lose tons of money
If you want to make money taking advantage of the volatility of the cryptocurrency market, it is best to trade with leverage using BitMEX.
BitMEX is one of the most popular cryptocurrency platforms in the world and offers various financial products, such as margin trading of Bitcoin, Ethereum, Bitcoin Cash, Ripple, Litecoin and other cryptos. Surprisingly, BitMEX is still little known in France even though it is the platform where some of the largest volumes of cryptocurrencies are traded in the world.
By trading on BitMEX you can trade with levers x5, x10, 15, x25, x50 and even up to x100. However, using leverage in cryptocurrency trading is a double-edged sword. Its use can lead to very large profits or, conversely, considerable losses. The more you increase your leverage, the more likely you are to lose your capital. In fact, leveraged trading is technically a form of betting as opposed to an investment. Beginners are therefore advised against using this method as they generally have little or no experience. Nevertheless, it is possible to carry out trades with an excellent success rate by preparing your positions carefully, by choosing weak levers, or by subscribing to our offer specialized in margin trading (+ 80% success).
I’ve been trading on Bitmex for the past 1.5 years and I’m finally fed up with the constant freezes that end up with my stop losses being triggered despite the fact that before the freeze I was in profit.
That said, I’m 100% sure Bitmex is trading against its own clients.
Other Point is that once I see an opportunity I get “order submission errors” and missing out on good trades.
Since then I’ve moved to PrimeXBT