Bitmex

Bitmex

Bitmex exchange

Bitmex is an exchanged aimed towards professionals that want to use margin trading.

bitmex exchange

  • Founded by HDR Global Trading Limited (which in turn was founded by former bankers Arthur Hayes, Samuel Reed and Ben Delo) in 2014, BitMEX is a trading platform operating in Hong Kong and registered in the Seychelles.
  • Meaning Bitcoin Mercantile Exchange, BitMEX is one of the largest Bitcoin trading platforms currently operating, with a daily trading volume of over 40,000 BTC and over 600,000 accesses monthly and a trading history of over $40 billion worth of Bitcoin since its inception.
Usability & Functionality
  • Basic functionalities are relatively easy to use, but more advanced one have a steep learning curve. Advanced functionalities include take profit orders (both limit and market orders).
Ease of starting trading
  • The deposits are only made via BTC, this means that you need to have a BTC wallet of send funds from an exchange after you have bought BTC from that exchange.
Security & Fairness
  • Bitmex has a reserve fund for black swan events that is filled by liquidation orders. Be careful and put stop losses manually instead of letting your position be liquidated. Also, when the server is overloaded, the exchange is known to become unresponsive.
Coin variety
  • Bitmex has the fewest trading pairs out of all exchanges. You don’t actually buy the coins, but buy a financial product (future) based on the price of the respective coin on multiple exchanges.
Withdrawals
  • Only made with BTC, they are approved fast however it may take a while until the transaction is confirmed on the Bitcoin network.

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