Website Presentation
| Cryptocurrencies | Bitcoin, Cardano, ADA, Bitcoin Cash, EOS Token, Ethereum, Litecoin, Tron, Ripple |
| Products & Services | Trading that offers leveraged contracts (Up to 100x) that are bought and sold in Bitcoin |
| Perpetual Contracts, Traditional Futures, Upside Profit Contracts, Downside Profit Contracts | |
| Trading commissions | Maker: From 0.00% to -0.05%, Taker: From 0.00% to 0.25% |
| Security | BitMEX employs the latest in multi-factor security, inside and out |
| BitMEX’s engine constantly audits the balances and history of all accounts (100 Audits per second) | |
| BitMEX keeps all funds in cold storage | |
| Other Advantages | User-friendly interface |
| Excellent documentation and support | |
| Languages | English, Chinese, Russian, Korean, Japanese |
What is BitMEX?
Bitmex.com is a Peer-to-Peer Trading Platform that offers leveraged contracts that are bought and sold in Bitcoin.
BitMEX only handles Bitcoin. All profit and loss is in Bitcoin, even if you’re buying and selling altcoin contracts. BitMEX does not handle fiat currency.
BitMEX allows trading with a high amount of leverage (Up to 100x).
BitMEX is built by finance professionals with over 40 years of combined experience and offers a comprehensive API and supporting tools.
BitMEX Contracts
BitMEX offers Perpetual Contracts and Futures.
- As opposed to futures, perpetual contracts do not have an expiry date and thus do not have a settlement.
- Perpetual Contracts have a Funding Rate that occurs every 8 hours. Users who hold a position over the funding timestamp either pay or receive funding.
- When a futures contract settles, all users who hold a position are settled at the contract’s settlement price.
You can go long or short on these contracts by simply buying or selling them. You can sell even if you don’t hold any contracts, making BitMEX a valuable tool for “naked” shorting purposes.
Margin Trading
BitMEX offers up to 100x leverage on some of its products. This means that you can buy as much as 100 Bitcoin of contracts with only 1 Bitcoin to back it. But be careful – with high leverage comes accelerated profit, but also the potential for accelerated loss.
BitMEX employs Auto Deleveraging which means that in some rare cases, leveraged positions in profit may be reduced during certain time periods if a liquidated order cannot be executed in the market.
Support
BitMEX encourage new users who are unfamiliar with trading to practice placing, executing and cancelling orders of various order types and sizes on their sandbox testing exchange, testnet.BitMEX.com. You can sign up with a new account, deposit some testnet Bitcoin and interact with a test market that looks and feels exactly like the real thing.
Take a look over the FAQ for more basic information.
If you need more help, check the references or contact them directly via the chatbox below right on the BitMEX website. Someone from BitMEX is almost always online, and if not, there are many helpful users.
User Reviews
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