BitMEX
| Coin | Pair |
|---|
What is BitMEX?
BitMEX, short for Bitcoin Mercantile Exchange, is a peer-to-peer cryptocurrency exchange and professional derivatives trading platform. Founded by HDR Global Trading Limited and registered in Seychelles under the International Business Companies Act, BitMEX focuses on catering to advanced investors and seasoned traders familiar with leveraged tokens and margin trading.
Key Features and Distinctive Attributes
BitMEX distinguishes itself in the market with features such as deep liquidity for Bitcoin perpetuals, a professional trading dashboard, competitive trading fees, and a notable absence of deposit or withdrawal fees. The platform solely facilitates crypto-to-crypto trading, excluding fiat transactions.
Security Measures and Track Record
Noteworthy is BitMEX's unblemished security record, having reportedly never experienced a hack. The platform employs robust security measures, including cold storage for encrypted crypto funds, multi-signature wallets, and an MPC system to enhance the security of fund deposit/withdrawal, thwarting potential intruders.
Founders of BitMEX
BitMEX was co-founded by banking experts Arthur Hayes (former CEO), Samuel Reed (CTO), and Ben Delo (CSO). Arthur Hayes, an entrepreneur and derivatives trader, played a pivotal role in the platform's early development, bringing his expertise from positions at Deutsche Bank and Citibank.
BitMEX's Launch and Ownership
Established in 2014 in Hong Kong and registered in Seychelles, BitMEX is owned by HDR Global Trading Limited. It has grown to become a prominent player in the crypto derivatives space.
Restricted Countries and Regulatory Landscape
BitMEX is not regulated in the United States, leading to its unavailability to U.S. residents/citizens. Additionally, services are not provided to accounts in various countries, including Cuba, Iran, Syria, North Korea, and others.
Supported Coins on BitMEX
BitMEX offers a wide array of futures and perpetual contracts on various assets, including BTC, ETH, LTC, XRP, SOL, ADA, BCH, BNB, LINK, and DOT. The derivatives platform provides a more extensive selection compared to its spot trading counterpart.
Fee Structure on BitMEX
Operating on a maker & taker model, BitMEX charges a trading fee starting at 0.025%. Spot trading fees differ, with makers paying 0.01% and takers 0.075%. In derivatives, takers face a 0.075% fee, while makers receive a 0.01% rebate. Deposits are accepted in Bitcoin without associated fees.
Leverage and Margin Trading Options
BitMEX caters to investors with two types of margin trading: isolated and cross-margin. The platform allows leverage ranging from 20x to 100x, depending on the asset, with Bitcoin offering the highest leverage ratios, reaching up to 1:100. This flexibility appeals to traders seeking amplified exposure in their positions.
In conclusion, BitMEX stands as a prominent force in the cryptocurrency derivatives landscape, providing advanced trading features and a secure environment for traders globally.
What are the trading fees on BitMEX?
Operating on a maker & taker model, BitMEX charges a trading fee starting at 0.025%. Spot trading fees differ, with makers paying 0.01% and takers 0.075%. In derivatives, takers face a 0.075% fee, while makers receive a 0.01% rebate. Deposits are accepted in Bitcoin without associated fees.
Does BitMEX offer leverage trading?
BitMEX caters to investors with two types of margin trading: isolated and cross-margin. The platform allows leverage ranging from 20x to 100x, depending on the asset, with Bitcoin offering the highest leverage ratios, reaching up to 1:100. This flexibility appeals to traders seeking amplified exposure in their positions.
When was BitMEX established?
EXCHANGE was founded in .
Where is BitMEX located?
BitMEX is based in Seychelles.
What is the volume of BitMEX?
EXCHANGE has a trading volume of $ in the last 24 hours and $ in the last 7 days.
Is BitMEX safe?
While many major CEXes boast stronger firewalls than most governments, history has witnessed numerous instances where exchanges have fallen victim to hacks, resulting in the loss of customer funds. DEXes are generally safer option as you have control over your funds at all times as long as blockchain is up and running. Its all based off contract code so you can clearly look whats behind the scenes, and how their contracts work.
Which coins can I buy through BitMEX?
You can buy the following tokens/coins on BitMEX:
What are the listed pairs on BitMEX?
You can trade the following tokens/coins on BitMEX:
Does have customer support?
Almost all exchanges provide customer support, but the quality, speed and continuity of this service varies from time to time depending on the budget conditions of the companies. We recommend that you experience the support service provided by the stock exchange by asking a question to the support section on its website.
Explore the Crypto Topics section to discover what OGs are discussing and gain insider knowledge on trending crypto topics.
There are many ways to conduct business in the crypto space, but we’ve chosen the most challenging path: shedding light on the unknown. Social media interactions and transaction volumes of exchanges and crypto assets can easily be manipulated by bots and whales, often misleading researchers and opening doors for scams by bad actors. Scammers have cost the crypto industry billions of dollars. Major red flags often slip past traditional technical or KYC audits, but OGAudit tackles this with its unique social auditing mechanism!
We believe in creating a safer, more thriving, and equal-opportunity crypto space for everyone. Our sole motivation is you 💗
We trust that authentic reviews from OGs will help you find the most reliable crypto exchanges and Web3 solutions you need! Additionally, we aim to simplify your crypto DYOR process with clear, up-to-date content.
OGs are the most experienced, reputable members of the crypto community, serving as independent auditors on the OGAudit platform.
Becoming an OG is not granted; it’s earned! Anyone with at least 1,000* days of on-chain experience and who adheres to OGAudit Community Guidelines can qualify as an OG.
The OG onboarding and rating mechanism is fully automated. OGs' wallet addresses and contributions are publicly verifiable on-chain**. The decentralized, permissionless, and transparent OGAudit consensus**, along with OGAudit Community Guidelines, ensures the elimination of spam and fraudulent content.
*500 days of on-chain experience qualifies you during the OGAudit Alpha! **to be Announced
Yes, it is—and all basic features will always remain free for personal use!🔥
Unfortunately, we do not have a token, and investing in the OGAudit platform is not an option. However, we greatly appreciate any donations you may wish to make! 💗
If you meet the requirements and share our values, you can become a contributor to our community as an OG⭐️
By joining us, you'll help make crypto a safer place, earn rewards, perks, all while building your reputation along the way!⬆️
OGAudit is a collective movement of the crypto OG community. It has no affiliation with VCs, exchanges, or other entities. Founded and funded by the Chief OG in 2023, OGAudit has been built by a dedicated team of crypto enthusiasts, researchers, web developers, and community leaders.💪
We have witnessed many market cycles, experienced the highs of the bull runs and the lows of the bear markets, and even faced rug pulls. Yet, we have remained resilient and are devoted to making Web3 accessible to everyone in the most secure way possible!
⚠️NO INVESTMENT, FINANCIAL, OR LEGAL ADVICE⚠️ Any content published on the OGAudit platform is for informational and educational purposes only and should not be construed as legal, tax, investment, financial, or other advice. Nothing contained on this platform constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instruments in any jurisdiction. OGAudit is a social media platform where we encourage freedom of speech.
OGAudit also provides sensitive data, such as coin/token prices, direct links of Web3 projects; however, this data may not be up-to-date and accurate and may lag behind due to third-party oracle API issues. Verification of the integrity of this data is the responsibility of the end user, and OGAudit cannot be held responsible for any damages that may arise from the inaccuracy of this data.
The OGAudit team and OG contributors are not a judicial authority; therefore, publications may or may not be accurate and may or may not reflect the truth. Any content published on the platform does not constitute a final judgment and is not binding. The OGAudit team is committed to filtering posts containing legal offenses and removing them from the platform if legal action is pursued. However, we may not monitor all content simultaneously. In such cases, any legal liability arising from damages suffered by third parties due to the publication of such content belongs to the person or entity who posted the content. For more information please read OGAudit Terms of Use
If you believe that your personal or corporate rights have been violated due to any content published on our platform, please send the link and a screenshot of the content to [email protected] Your request will be carefully reviewed by our lawyers, and we will get back to you as soon as possible.
