BitMEX for Bitcoin Mercantile Exchange is a trading platform launched in 2014, under its parent company known as HDR Global Trading LTD short for the last names of the founders of the company Hayes, Delo and Reed.
BitMEX offers margin trading services to experienced and professional traders with Bitcoin and many other alternative coins to trade from.
In this article, we will provide all information you need to check the legitimacy of the platform and features and options.
BitMEX has got Bitcoin as its major trading option. While there are also a number of alternative coins available including,
- Ethereum Classic
The main currency is Bitcoin, all the profits and losses are shown in bitcoin even if you trade in alternative coins, while there are no fiat currency options and deposits can only be made within cryptocurrencies.
This company is registered in the Republic of Seychelles and has got no restrictions in terms of the country as the website is cryptographic in nature and has got no fiat financing involved.
Pricing and fee are really amazing and appealing on this platform as there is a taker fee of 0.0750% and maker fee starts with -0.0250% so the maker isn’t profitable here.
While both deposits and withdrawals are free and not incur any hidden charges. A full list can be found on https://www.bitmex.com/app/fees
Customer support is good in terms of BitMEX as there is online ticket support which has a quick response as compared to others.
The most amazing option is the websites extended forums and FAQ’s which has a clear perspective to provide users all information that is necessary for trading online hassle-free, there is also a troll box which consists of users doing a live chat, all of the BitMEX users can use troll box and ask other users if any problem arouses.
There aren’t many reviews online found for BitMEX as margin trading isn’t a General audience thing, and those reviews found are more of technical questions which is a positive sign as there are no bad comments to be found online for BitMEX.
BitMEX is no doubt a legitimate online exchange and has got vast options for advanced trader. If you are a margin trader and know everyday know-how of market than this platform might be the best place for you but if you are a newbie there are many other options to consider.