EXCHANGE FEES
Withdrawal Fee: 0005 BTC | Taker Fee: 0.075%  | Maker Fee: 0.025%


DEPOSIT METHODS
Wire Transfer: Yes | Credit Card: No


COMPANY INFO
US-Traders Allowed: No | Year Founded: 2014 | Crypto Markets: 100+

BitMex Logo

BitMEX Exchange Review Summary

In our BitMEX review, we found that BitMEX is a reliable, secure, and feature-rich cryptocurrency trading platform. It offers a wide range of trading options, including margin trading, and provides an intuitive user interface with advanced trading tools. Its fees are competitive and it supports a variety of cryptocurrencies.

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Overall Rating: 
4.6/5 stars

Team

FeEs

SUPPORT

Security

Selection

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BitMEX Review

Key takeaways from our review or BitMEX:

  • BitMEX is a reliable, secure, and feature-rich cryptocurrency trading platform.
  • It offers a wide range of trading options, including margin trading, and provides an intuitive user interface with advanced trading tools.
  • BitMEX is not available to US-investors, as the company does not accept customers from the United States.

BitMEX Pros & Cons

Pros
  • High leverage - up to 100X
  • Low fees
  • Advanced trading features
Cons
  • Complex platform
  • Limited Selection of coins
  • Limited Customer Support

What is BitMEX?

BitMEX is a cryptocurrency exchange and derivative trading platform.

It is owned and operated by HDR Global Trading Limited, which is registered in the Seychelles. BitMEX is a cryptocurrency derivatives trading platform that allows users to trade with up to 100x leverage. It offers a wide range of products including futures, swaps, and options. 

BitMex Homepage

BitMEX is one of the most popular and widely used cryptocurrency exchanges in the world. It offers a wide range of features that make it attractive to both experienced and novice traders.

BitMEX Product & Features

One of the most popular features of BitMEX is its up to 100x leverage on certain products, allowing traders to increase their potential profits. This is especially attractive to experienced traders who are looking to maximize their gains.

BitMEX also offers a wide range of trading products, including futures, perpetual swaps, and options. This allows traders to diversify their portfolios and take advantage of different market conditions.

BitMex Markets

For example, futures contracts allow traders to bet on the future price of a cryptocurrency, while perpetual swaps are similar to futures contracts but do not have an expiration date. Options contracts give traders the right, but not the obligation, to buy or sell a cryptocurrency at a certain price in the future.

Here are some additional features that BitMEX offers:

  • Margin trading: BitMEX allows traders to borrow funds to increase their trading power. This can be a great way to increase profits, but it also increases risk.
  • API: BitMEX offers an API that allows traders to automate their trading strategies. This can be a great way to save time and improve efficiency.
BitMex Mobile App
  • Liquidity: BitMEX is one of the most liquid cryptocurrency exchanges in the world, which means that you can easily buy and sell your positions without slippage.
  • Security: BitMEX has a strong security infrastructure, including cold storage for most of its funds and two-factor authentication for all accounts.

BitMEX Customer Support

BitMEX does not offer customer support in the traditional sense. There is no live chat or phone support available. Instead, BitMEX offers a knowledge base with FAQs and articles, as well as a support ticket system.

To submit a support ticket, you can go to the BitMEX website and click on the "Support" tab. Then, click on the "Submit a Ticket" button and fill out the form. You will need to provide your BitMEX username, email address, and a brief description of your issue.

BitMEX support tickets are usually responded to within 24 hours. However, during peak trading hours, it may take longer for a ticket to be answered.

BitMEX Trading Fees

BitMEX's trading fees are based on a maker-taker fee model. This means that makers, who add liquidity to the market by placing limit orders, are charged a lower fee than takers, who remove liquidity from the market by placing market orders.

The maker fee on BitMEX is 0.025%, while the taker fee is 0.075%. This means that makers are actually paid to make markets on BitMEX, while takers are charged a fee. The withdrawal fee varies depending on the cryptocurrency you are withdrawing. For example, the withdrawal fee for Bitcoin is 0.0005 BTC.

BitMex Fees

BitMEX also offers a VIP program that provides discounts on trading fees. To qualify for the VIP program, you must have a certain amount of volume traded over a rolling 30-day period.

BitMEX Alternatives

As an alternative to BitMEX, there are several other crypto exchanges that offer a variety of features and services. Here are four popular BitMEX alternatives:  

  1. eToro: eToro is another great option for beginners as it offers a copy trading feature that allows you to follow the trades of other successful traders. It also has a wide range of educational resources to help you learn about cryptocurrency trading.
  2. Kraken: Kraken is a more advanced exchange than Coinbase or eToro, but it still offers a user-friendly interface. It also has a wide range of features, such as margin trading and futures trading, that can be helpful for more experienced traders.
  3. PrimeXBT: PrimeXBT is a great option for advanced traders as it offers margin trading with up to 100x leverage. It also has a variety of other features, such as futures trading and options trading, that can be helpful for more experienced traders.
  4. ByBit: ByBit is another great option for advanced traders as it offers high leverage trading with up to 100x leverage. It has low trading fees and a variety of other features, such as margin trading and futures trading, that can be helpful for more experienced traders.

How to Sign up With BitMEX?

BitMex Sign Up Process

Here are the step by step instructions on how you can sign up on BitMEX exchange:

  1. Visit BitMEX Exchange
  2. Enter your email address and create a password.
  3. Click “Register”.
  4. Check your email for a verification code.
  5. Enter the verification code in the box provided.
  6. Click “Verify Email”.
  7. Start Trading.

About the author 

Sam Rexford

Hey! I'm Sam Rexford, owner at ChillReptile.com. I'm a 9-5 escape artist, dad, and entrepreneur. I write about escaping legacy systems with online businesses, software, emerging technology, cryptocurrencies, investing, and a ton more. You can learn more about our mission here.

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