BitMEX exchange Homepage

BitMEX exchange review – trade on the safest margin platform

About BitMEX Exchange

BitMEX exchange is one of the most popular margin trading platforms in the crypto space today. Today we will check all the features in our BitMex Exchange Review.

We will find about BitMex fee, BitMex Exchange login, Bitmex exchange location, Bitmex exchange ranking, BitMex exchange Security, and BitMex Trading currency.

We will share detail about everything you want to know about BitMex Exchange.

About BitMEX Exchange And its Feature.

BitMEX is a peer-to-peer cryptocurrency derivatives trading platform that offers leveraged contracts and is one of the largest and most widely used margin trading platforms in the world. 

Supported CountriesWorldwide, except in the United States.
LeverageBitmex crypto exchange provides leverage Up to 100x.
Trading FeeBitMEX exchange fee for Trading is -0.025% and 0.0075%
Withdrawal Fee BitMEX exchange fee for withdrawal is 0.0005 BTC
Fiat (Real Money)Do not accept any real money. Deal in crypto only.
CryptocurrencyBTC, ETH, LTC, XRP, BCH, LINK, TRX, ADA are accepted
Security Multi-signature, Amazon Web Services, kdb+ security available
Customer SupportProvide customer support 24/7 via Ticketing.

BitMEX exchange offers precision to people by helping them create a million-dollar trading account.  The platform is reliable and provides liquidity to support Bitcoin trades.

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BitMEX Exchange – Supported Countries.

BitMEX Exchange is supported in every country for trading, except the United States of America. This is due to regulations in the U.S are largely outside of BitMEX’s control.

BitMEX exchange – How to Login

Registration and login/sign-up at BitMEX is quite simple. It takes a couple of minutes to complete this process from start to finish. Users can choose to undertake or skip the KYC process.

Seasoned users can scan and upload their identification documents with valid email addresses. This process ensures that one can deposit Bitcoin and start BitMEX trading immediately.

BitMEX exchange registration

Steps to Create a Bitmex Account

  • Visit the Bitmex website, click on the ‘Register’ tab in the top right corner of the page.
  • Fill in details and enter the email address to generate an account password.
  • Select the country of residence and complete the form to click on the ‘Register’ button. 
  • Verify the email address by clicking on the link sent by BitMEX to the registered email.
  • Click on the ‘Verify My Email’ link and complete this registration process
  • Now, a new account is created on BitMEX.

BitMEX Exchange – Leverage

BitMEX Crypto Exchange leveraged contracts deliver a fast, reliable, and liquid way to trade and hedge cryptocurrency risk.

The amount of leverage BitMEX offers varies from product to product. Leverage is determined by the Initial Margin and Maintenance Margin levels. These levels specify the minimum equity you must hold in your account to enter and maintain positions. Leverage is not a fixed multiplier but rather a minimum equity requirement.

The highest leverage BitMEX offers is up to 100x leverage on its Perpetual Bitcoin / USD Perpetual Contract. BitMEX offers leveraged products for Bitcoin, Ethereum, Cardano, Tron, Ripple, Litecoin, EOS, and Bitcoin Cash.

BitMEX Exchange – API

BitMEX offers a fully-featured REST API and a powerful streaming WebSocket API. All market and user data is available and updated in real-time.

The BitMEX APIs are open and complete. Every function used by the BitMEX website is exposed via the API.

The completeness of BitMEX’s API is best-in-class and unique in the trading space. The API functions make the BitMEX website an advanced trading application for top-tier crypto traders.

BitMex Exchange – Trading Fee

The trading fee on BitMEX starts at 0.025% and goes up to 0.0075% of the trading amount.

BitMEX exchange works on a maker & taker model so the trading fees are dependent on the type of order (e.g. futures or contracts) and the cryptocurrency coin. 

The BitMEX platform operates a standard trading fee structure across all products for simplicity.

BitMex Taker Fee

BitMex Exchange Maker Rebate is 0.01%, and Taker Fee is 0.05%. Taker Fee discount will apply proportionally to any contract which does not have the standard fee structure.

Bitmex Casino Trading Fees

For high-volume traders, BitMex offer discounted Taker Fees as per the table below.

Tier30-day rolling ADV (USD)Taker Fee
0<5,000,0000.050%
B≥5,000,0000.040%
M≥10,000,0000.035%
E≥25,000,0000.030%
X≥50,000,0000.025%

Perpetual Contracts

A Perpetual Contract is a product similar to a traditional Futures Contract in how it trades but does not have an expiry, so you can hold a position for as long as you like. Perpetual Contracts trade like spot, tracking the underlying Index Price closely. It achieves this via the mechanics of a Funding component.

Below is a list of perpetual contract fees for the BitMex exchange

contractSeriesLeverageMaker FeeTaker FeeLong FundingShort FundingFunding Interval
AAVEUSDTAave (AAVE)33.33x-0.0100%0.0500%0.0254%-0.0254%every 8 hours
AVAXUSDAvalanche (AVAX)20x-0.0100%0.0500%0.0000%0.0000%every 8 hours
AXSUSDTAxie Infinity (AXS)20x-0.0100%0.0500%0.0198%-0.0198%every 8 hours
BNBUSDTBinance Coin (BNB)50x-0.0100%0.0500%0.0730%-0.0730%every 8 hours
BNBUSDBinance Coin (BNB)50x0.0000%0.0000%0.0000%0.0000%every 8 hours
ALTMEXUSDBitMEX Basket (BASKET)25x-0.0100%0.0500%0.2571%-0.2571%every 8 hours
DEFIMEXUSDBitMEX Basket (BASKET)25x-0.0100%0.0500%0.0445%-0.0445%every 8 hours
XBTUSDBitcoin (XBT)100x-0.0100%0.0500%-0.0211%0.0211%every 8 hours
XBTEURBitcoin (XBT)50x-0.0100%0.0500%-0.0205%0.0205%every 8 hours
BCHUSDBitcoin Cash (BCH)50x-0.0100%0.0500%0.0649%-0.0649%every 8 hours
ADAUSDTCardano (ADA)33.33x-0.0100%0.0500%0.0111%-0.0111%every 8 hours
ADAUSDCardano (ADA)33.33x0.0000%0.0000%0.0000%0.0000%every 8 hours
LINKUSDTChainlink (LINK)50x-0.0100%0.0500%0.0770%-0.0770%every 8 hours
DOGEUSDTDogecoin (DOGE)50x-0.0100%0.0500%0.0624%-0.0624%every 8 hours
DOGEUSDDogecoin (DOGE)50x0.0000%0.0000%0.0000%0.0000%every 8 hours
EOSUSDTEOS Token (EOS)33.33x-0.0100%0.0500%0.0100%-0.0100%every 8 hours
ETHUSDEthereum (ETH)100x-0.0100%0.0500%0.0100%-0.0100%every 8 hours
FILUSDTFilecoin (FIL)33.33x-0.0100%0.0500%0.0100%-0.0100%every 8 hours
LTCUSDLitecoin (LTC)50x-0.0100%0.0500%0.0100%-0.0100%every 8 hours
MATICUSDTMatic Network (MATIC)20x-0.0100%0.0500%0.0100%-0.0100%every 8 hours
DOTUSDTPolkadot (DOT)25x-0.0100%0.0500%0.0100%-0.0100%every 8 hours
DOTUSDPolkadot (DOT)25x0.0000%0.0000%0.0000%0.0000%every 8 hours
XRPUSDRipple (XRP)50x-0.0100%0.0500%0.0338%-0.0338%every 8 hours
SRMUSDTSerum (SRM)20x-0.0100%0.0500%0.0542%-0.0542%every 8 hours
SOLUSDTSolana (SOL)50x-0.0100%0.0500%0.0689%-0.0689%every 8 hours
XLMUSDTStellar (XLM)20x-0.0100%0.0500%0.0100%-0.0100%every 8 hours
SUSHIUSDTSushi (SUSHI)33.33x-0.0100%0.0500%0.0100%-0.0100%every 8 hours
LUNAUSDTerra (LUNA)20x-0.0100%0.0500%0.0100%-0.0100%every 8 hours
TRXUSDTTron (TRX)50x-0.0100%0.0500%0.0100%-0.0100%every 8 hours
UNIUSDTUniswap (UNI)33.33x-0.0100%0.0500%0.0253%-0.0253%every 8 hours
VETUSDTVeChain (VET)20x-0.0100%0.0500%0.0100%-0.0100%every 8 hour
A negative fee means that the trader will receive a rebate. Funding rates change based on market lending rates. See below for details.

Traditional Futures

A Futures Contract is an agreement to buy or sell a commodity, currency, or another instrument at a predetermined price at a specified time in the future.

ContractSeriesLeverageMaker FeeTaker FeeSettlement Fee
XBTV21Bitcoin (XBT)100x-0.0100%0.0500%0.0000%
XBTZ21Bitcoin (XBT)100x-0.0100%0.0500%0.0000%
XBTEURZ21Bitcoin (XBT)50x-0.0100%0.0500%0.0000%
XBTH22Bitcoin (XBT)100x-0.0100%0.0500%0.0000%
BCHZ21Bitcoin Cash (BCH)20x-0.0100%0.0500%0.0000%
ADAZ21Cardano (ADA)20x-0.0100%0.0500%0.0000%
EOSZ21EOS Token (EOS)20x-0.0100%0.0500%0.0000%
ETHZ21Ethereum (ETH)50x-0.0100%0.0500%0.0000%
LTCZ21Litecoin (LTC)33.33x-0.0100%0.0500%0.0000%
XRPZ21Ripple (XRP)20x-0.0100%0.0500%0.0000%
TRXZ21Tron (TRX)20x-0.0100%0.0500%0.0000%
At the time of settlement, any open position in contracts will attract the settlement fee.

Quanto Futures

Quanto Futures are cash-settled Derivatives in which the underlying traded product is denominated in a foreign currency that is settled in another domestic currency at a fixed exchange rate

ContractSeriesLeverageMaker FeeTaker FeeSettlement Fee
ETHUSDZ21Ethereum (ETH)50x-0.0100%0.0500%0.0000%
At the time of settlement, any open position in contracts will attract the settlement fee.

Other Fees

Funding

On Perpetual Contracts, such as XBTUSD, funding is exchanged between longs and shorts over discrete Funding Intervals. In customer Trade History a positive amount means the customer paid to fund for that Funding Interval; a negative amount means the customer received funding. BitMEX does not charge any fees on funding paid or received.

Deposits / Withdrawals

BitMEX does not charge fees on deposits or withdrawals. When withdrawing Bitcoin, the minimum Bitcoin Network fee is set dynamically based on blockchain load.

Hidden / Iceberg Orders

A Hidden order always pays the taker fee. An Iceberg order pays the taker fee until the hidden quantity is completely executed, then it becomes a normal order and they will receive the maker fee for the non-hidden quantity.

BitMex Exchange – Payment Methods 

BitMEX exchange does not deal in fiat currency. It is a cryptocurrency exchange only.

This means on BitMex Exchange new cryptocurrency traders will need to make a Bitcoin purchase first and deposit BTC into the exchange.

BitMex accepts popular cryptocurrencies such as BTC, XRP, ETH, BCH, LTC, BCH, and LINK can be traded easily.

BitMEX Exchange – Security

Protecting Bitcoin and other currencies is not easy. BitMEX security is fortified with a unique multi-signature system for deposit and withdrawal. This system enables users to protect their BitMEX addresses with multi-signature.

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BitMEX exchange review - trade on the safest margin platform -

Storage of user assets such as Bitcoin and the private keys is entirely offline. When there is a complete system compromise, BitMEX will not lose any assets via web servers.

  • BitMEX systems take advantage of Amazon Web Services’ world-class security.
  • The BitMEX trading engine is the first of its kind. Written in kdb+, a database and toolset frequently used by major banks in high-frequency trading.
  • BitMEX addresses are multi-signatures with multiple keys with multiple holders.

BitMEX Exchange – Customer Support

BitMEX customer support is tasked to handle each query, from Bitcoin wallet concerns to every high risk involved when traders withdraw BTC.

BitMEX customer support is better than what you generally see in this space. They provide customer support 24/7 via the communication channels listed below:

  • Support Ticketing System
  •  knowledge base
  • WeChat (id: BitMEX)
  • Telegram (Russian Language)
  • Weibo
  • IRC (server: irc.freenode.net #bitmex).

Contact Bitmex Customer Support Team.

BitMEX Exchange – Conclusion

To conclude our BitMEX Exchange review, we can say that the exchange offers advanced trading techniques which are best for professional traders who are familiar with trading volatile risk assets and exposure to margin trading platforms. 

BitMEX exchange is the best for you if

  • You want to trade on the world’s largest derivatives exchange by daily volume
  • You want fair and transparent trading fees
  • You want a safe and secure trading platform
  • You are familiar with using TradingView charts and advanced tool
  • Do you like a reputable and popular exchange.

The exchange has done a lot of things right to become the world’s largest cryptocurrency derivatives platform to speculate on the market to earn Bitcoin. 

BitMEX exchange review – trade on the safest margin platform
User Interface
9.3
Security
9.4
Banking/Payment
9.3
Leverage
8.8
Trading Fees
9.2
Customer Support
7.6
Reader Rating0 Votes
0
Pros
BitMEX is a popular crypto exchange for BTC perpetual contracts and upside profit contracts.
Trading crypto pairs on BitMEX gains up to 100x leverage.
The platform also has a generous affiliate program supported by Amazon Web Services.
The trading fees are low on all transactions.
BitMEX offers high liquidity on traditional futures. It is a leading exchange to trade crypto with a perpetual contract via cold storage.
Exceptional levels of security.
Trading on this platform is safe 24 hours a day, seven days a week
Cons
BitMEX supports Bitcoin and other related cryptocurrencies only.
Withdrawals are only carried out at a set time of day
8.9
Overall Ratings
.

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