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.
Known manipulators and deceivers. Here the casino is 100%, it is impossible to win. You put a stop loss – you are knocked out by a stop, necessarily, because Bitmex knows where all the stops are. You play against the exchange, although all the advantages, all the weapons are on the side of the exchange, and you have nothing, as if naked. Using high leverage is equivalent to tossing a coin, where it is known for sure that the coin will land in such a way that the bitmex will still be in the black. Yes, you can earn super money in some period, but in the long term, trading here, you will still merge everything to zero, I have already gone through this
You can be sure – you will lose here, this is 100%. I also thought, ohh cool, shoulder, oh, it feels like a longan or a shortan cue ball, I’ll take off the money. But it doesn’t work that way. The Bitmex exchange is very tricky and does not make it easy to make money, the price is constantly staggering up and down, knocking out those who opened shorts, then those who opened longs, indiscriminately.
The Bitmex exchange is aimed only at professionals with extensive experience! This is not the place for beginners, don’t even bother. This is a big minus, of course, but it is the truth that you should know!