Available in over 150 countries, it serves millions of users, and processes millions in daily trading volume. He started Hedge With Crypto to publish informative guides about Bitcoin and share his experiences with using a variety of crypto exchanges around the world. It also offers discounts to BMEX token holders, though those are still being offered to users.
There are no broad-based card or bank deposit options on par with mainstream retail exchanges; this reinforces that BitMEX is built for crypto-native traders. For active intraday traders, the fee structure clearly rewards consistent maker flow and higher volumes, while casual traders using mostly market orders will see average, but not punitive, costs. After recent updates, baseline fees for regular users are around 0.05%–0.10% per side, which is competitive with or better than many large exchanges.
However, a number of web technologies will allow users to access BitMEX from any of the unsupported regions. A) The first type of contract lets a trader take part in the upside of a currency. When engaging in this type of trading, one must be very careful. Back in 2014, in Victoria, Seychelles, a group of talented experts in web development, finance, and trading, launched BitMEX under their company. However, such referral partnerships do not affect our editorial impartiality in compiling reviews.
- Amazing exchange, the best I ever used for my trading strategies
- In this BitMEX review, we will highlight its pros and cons, transaction fees, and security features to help you make informed decisions.
- For that audience, BitMEX offers strong liquidity, advanced tools, and solid security.
- A traditional futures contract is a type of contract that obliges a trader to buy or sell cryptocurrencies at a certain price and at a certain moment in the future.
- This involves the direct buying and selling of actual cryptocurrencies in the spot market.
BitMEX is a cryptocurrency derivatives exchange that allows users to trade digital assets with leverage as high as 250x for Bitcoin and 100x for other crypto assets. BitMEX offers some of the lowest trading fees in the industry, with maker and taker fees starting at just 0.1% and rebates available for high-volume traders. BitMEX offers BMEX airdrops to users who participate in promotions and utilize the spot trading platform.
What Are BitMEX Fees?
To access the BitMEX platform, a user must complete Know-Your-Customer (KYC) verification). However, United States residents cannot use the platform due to regulatory requirements outside BitMEX’s control. The asset, position size, entry price, margin, and unrealized P&L are all shown and updated in real time. Users can also earn interest on crypto holdings through short-term staking, which supports both Bitcoin and USDT deposits.
OG inventors of the perpetual swap. Ideal for those who want to leverage on Bitcoin, both buying or selling. This is an amazing exchange. Companies on Trustpilot aren’t allowed to offer incentives or pay to hide reviews. She has covered many topics, from crypto adoption to regulatory developments, delivering well-researched analysis with clarity and depth. With a Bachelor of Education, she brings a structured and insightful approach to her work, making complex crypto concepts more accessible to readers.
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B) With downside profit contracts, on the contrary, traders take part in potential downsides of currencies. Also, BitMEX allows users to affect their trade, reaching a 100x leverage boost. Being a platform for derivative trading, BitMEX specializes in margin trading. This guide will give you a detailed BitMEX review exploring this trading platform with all its pros and cons. Our goal is not to tell you what to trade, but to help you understand what trading on BitMEX actually feels like in 2025. We bitmex review wrote this review from the perspective of active traders who care about costs, reliability and risk as much as about headline leverage.
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As such, users wishing to deposit using their local currency should check out our article discussing the best fiat-to-crypto platforms. It should be noted these platforms charge processing fees, which can be very high. BitMEX lets users convert XBT (BitMEX BTC), USDT, and USDC with 23 supported cryptocurrencies, including ETH, LINK, and ADA. However, for newer leverage traders with less experience, the user interface may be too complicated. More experienced traders will benefit from the market depth chart and order book on the left. This comparison table lists other top alternatives to BitMEX that offer similar features and products for crypto traders.
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Founded in 2014, BitMEX is an unregulated crypto derivatives platform offering spot trading and high-leverage contracts. In 2014, he established BitMEX, a cryptocurrency derivatives trading platform that became well-known for offering high leverage options. Perpetual contracts are more suitable for active traders who want the feel of spot trading combined with the benefits of leverage. As a platform built mainly for experienced traders, the best features of BitMEX are derivatives trading, margin trading, BitMEX trading bot, integration with TradingView, and quick crypto conversions.
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However, the BitMEX platform supports other popular cryptocurrencies such as Bitcoin Cash, Litecoin, Ethereum, Ripple, Cardano, etc. BitMEX trading engine specializes in margin trading, also referred to as leverage. These are the platforms that some traders would choose as alternative options to BitMEX. All of these make BitMEX one of the most secure trading platforms today.
In the USA, all trading platforms must have a broker’s license in order to provide trading services. BitMEX is deemed one of the safest crypto platforms to trade on due to its high-security standards. If you still question about the BitMEX leverage exchange platform, you may find answers to them in a FAQ section below. There is also a built-in chat that allows traders to not only address the platform’s customer support but talk to one another.
- Traders can exchange cryptocurrencies at the current market price, facilitating straightforward transactions without the use of leverage or derivatives.
- While BitMEX is one of the world’s biggest and longest-standing derivative exchanges, it is important to familiarize yourself with the company’s services before investing in crypto on the platform.
- The platform’s native BMEX token offers perks like lower fees and special promos.
BitMEX Customer Support
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What Are the Best Features of BitMEX Crypto Exchange?
BitMEX’s convert feature enables users to convert one cryptocurrency into another directly on the platform. Users can potentially use fiat currency to purchase various cryptocurrencies available on the platform, providing a seamless onboarding process for new users. This involves the direct buying and selling of actual cryptocurrencies in the spot market.
There is no fiat currency support since this exchange platform only works with Bitcoin as the main cryptocurrency. Other cryptocurrencies only support futures trading options. Now, BitMEX is a globally available leverage trading platform. A traditional futures contract is a type of contract that obliges a trader to buy or sell cryptocurrencies at a certain price and at a certain moment in the future. For most users, it works best as a secondary, purpose-built exchange rather than as your only crypto platform.
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Our platform earns commissions through partnerships and sponsors, which is how we support our analysts. BitMEX is dedicated to providing an affordable trading environment. The platform stores the majority of user funds in cold wallets, which are kept offline to minimize the risk of hacking. BitMEX takes a multi-layered approach to security, ensuring that users’ assets and personal information remain protected.