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BitMEX Review 2019 – Is it the best choice?

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Editor's Review

BitMEX Rating 2019
8.58
8.7 Easy of Use
7.5 Currency Supported
8.7 Fee
8.9 Security
9.1 Customer Support

BITMEX REVIEW 2019 - BITMEX OFFICIAL LOGO IMAGE

Overview

BitMex is a trading platform operating in Hong Kong. BitMex means Bitcoin Mercantile Exchange and has been one of the largest Bitcoin trading platforms since 2014. The daily trading volume is over 35,000 BTC and over 540,000 accesses monthly.

Unlike other exchanges, BitMex accepts deposits through Bitcoin, which can be used to purchase a variety of other cryptocurrencies.

BitMex provides different leverages for cryptocurrencies, so traders can place orders that are bigger than their existing balance.

BITMEX REVIEW 2019 - BITMEX FEATURE IMAGE

 

Currency Supported

BitMex supports deposit of Bitcoin. Traders can buy or sell cryptocurrencies;

Bitcoin, Bitcoin Cash, Ethereum, Litecoin, EOS, Ripple.

 

Countries Supported

BitMex is open to all clients worldwide but the US is not accepted.

 

Fee

‘The fee of BitMex varies depending on the cryptocurrency you trade.  BitMex does not charge fees on deposits or withdrawals, but the network fee may be charged based on the blockchain load.

There are additional fees for hidden and iceberg orders. An Iceberg order pays the taker fee until the hidden quantity is completely executed.

BITMEX REVIEW 2019 - BITMEX FEE IMAGE

Customer Support

BitMex has a 24/7 support on mutiple channels including, email, ticket system, and Social Media; Weibo, WeChat, Telegram.

 

Security

BitMex security is top notch and considered to have strong levels of security. They take advantage of Amazon Web Services to protect the servers with text messages and Two-Factor Authentication (2FA).

BITMEX REVIEW 2019 - BITMEX SECURITY IMAGE

Withdrawals are individually hand-checked by employees and the private keys are not stored in the cloud.

 

Conclusion

BitMex is one of the safest exchanges for margin trading cryptocurrencies and highly rated. The exchange offers margin trading in all cryptocurrencies displayed on the website.

BitMex provides a wide range of tools, however, the interface is complex and it can be difficult for beginners and amateur investor to get used to the platform.

 

Pros

– Trustworthy

– Leverage up to 1:100

– Margin Trading options

 

Cons

– Not accepted fiat deposits/withdrawals

– Not for beginners


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