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Transferable to your own wallet
Self-custody of cryptocurrencies plays an important role for many users who want to manage their cryptocurrencies and thus their "private keys" themselves and not leave them in the hands of the exchange. Most exchanges offer the option of sending the purchased cryptocurrencies to their own wallet.
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The overall rating is the average of our individual ratings. Our ratings do not constitute investment advice, but merely our personal opinion. You are welcome to use them as rough indicators and additional perspective. In the dynamic and fast-growing crypto sector, parameters can often change from one day to the next, so we cannot guarantee that the rating data is up to date. Therefore, please never use our ratings as an isolated basis for decision-making and not as a substitute for your own research.
This rating describes our personal assessment of the user-friendliness of the product. How easy is the onboarding process? How modern is the user interface and is it easy to use? Are all the important functions quick and easy to find? We ask ourselves all these questions in order to give a personal rating from 1 to 10 points.
This rating describes our assessment of the fee structure of a stock exchange or broker. It is not only the amount of fees that can differ, but also the type of fees. The most common type of fees for crypto exchanges are the "maker/taker" fees or spreads. In some cases, there are also hidden fees that are not recognizable to users at first glance.
For products or services in the crypto space, trust and security should be the biggest factors in the selection process. Since we could not seriously evaluate the technical security of a platform or product, we analyze publicly available factors such as security features, location, regulation, certifications, audits, team/company, general reputation and, of course, track record.
Crypto doesn't have to be cryptic. Especially for beginners, the first contact with the crypto world can be overwhelming. With this rating, we give our assessment of how easy it is for beginners to find their way around: from the onboarding process to using the most important functions.
Customer support is an important factor for many users. A long wait or no response at all in the event of problems can be frustrating, especially when it comes to sensitive topics such as finances. With this rating, we give our assessment of the quality of customer support. In order to provide as balanced an assessment as possible, we also include user opinions from other platforms in our evaluation.
Some exchanges and brokers are regulated by financial supervisory authorities in certain countries/states. This often entails strict financial regulatory requirements and compliance requirements to which the company must adhere. Regulatory clarity can contribute to greater transparency and thus also greater trustworthiness.
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BitMEX is a top choice for experienced traders, offering advanced features such as 100x leverage on Bitcoin and low fees. However, its complex interface and ongoing legal issues involving the founders may deter some users. Security and support receive mixed reviews, making it less ideal for beginners. Overall, BitMEX is a powerful platform for those familiar with crypto trading but has challenges for newer users.
Overview
Quick Facts
BitMEX, offering a highly liquid trading platform/digital currency exchange for advanced usage and investment across a number of global markets using only Bitcoin.
Informations
Pro's & Con's
- Cheap fees
- Comprehensive tools for professional traders
- Might be complex for beginners
BitMex
Features
Feature Overview
Unique Features
- Trade bitcoin with 100x leverage
- Low latency market data and trade execution
- Option to place idle funds into BitMEX Earn
Tradable Assets
- Cryptocurrencies
Trading Options
- Derivatives
- Margin trading (leverage)
- Short/Long
- Futures
Our
BitMex
Review
Test Result
Conclusion
BitMEX is a top choice for experienced traders, offering advanced features such as 100x leverage on Bitcoin and low fees. However, its complex interface and ongoing legal issues involving the founders may deter some users. Security and support receive mixed reviews, making it less ideal for beginners. Overall, BitMEX is a powerful platform for those familiar with crypto trading but has challenges for newer users.
Customer Reviews
/ 5 average rating from -- reviews
Write a Review
Share your experience! Your review can help others make informed decisions. Let us know what worked well and what could be improved. Your feedback is valuable and will contribute to our community’s knowledge.
BitMex
User Reviews
For those with experience in cryptocurrency, BitMEX terminal is the best platform. Designed for desktop, the BitMEX terminal has different charting and order views. While the terminal is not entirely innovative and beginning traders won’t find it intuitive, those knowing how to navigate crypto platforms and exchanges should be able to do just fine. Do know, however, that the U.S. is seeking to charge BitMEX’s founders with violations of the Bank Secrecy Act.
BitMex is a widely-respected exchange that provides futures and perpetuals for a variety of cryptocurrency assets, thereby allowing users to speculate on price movements.
BitMex provides an advanced platform for trading cryptocurrency with high leverage options, up to 100x on Bitcoin and Ethereum. Many features are included in the trading site, but are best suited for experienced users rather than beginners.
The fee structure is considered to be competitively priced by industry standards. Nevertheless, user feedback suggests that transparency issues exist with regard to overnight positions and associated financing costs.
BitMex has a mixed reputation. Some traders love the platform’s low trading fees and ample liquidity, while others have flagged the 2FA as a weakness.
The testimonials on BitMex's customer support is mixed with some highly appreciating their prompt service, while others are unhappy with the slow response time and inadequate help provided.
BitMEX is a platform primarily designed for experienced traders, with a competitive fee and a range of functional features for advanced trading. The beginners or less knowledgeable might find its interface somewhat difficult to use.On the other hand,the recent legal troubles of its founders should make its users less trustful of the platform. The customer support of this exchange is off to an excellent start but mixed customer reviews may have you end up looking for alternatives.
About
BitMex
BitMex
Users?
Score
About the author
At Exchange Flow, Ethan is recognized as the resident crypto expert. With 10+years of experience navigating the waters of global crypto exchanges, Ethan is a trusted voice in the ever-evolving world of digital currencies. He tests and scrutinizes exchanges so you don’t have to, offering reviews and articles that newbies and seasoned traders alike find invaluable. When he’s not coding, Ethan likes to travel and play retro games. He uses his crypto earnings to fund his trip around the globe.
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