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BitMex

Features

Feature Overview

Real Coins
Yes
Transferable to own wallet
Yes
Savings plan
No
Staking
No
NFT Marketplace
No
Tradingtools
Yes
Two-factor authentication
Yes
Deposit protection
Yes
Available for US users?
No

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

BitMex

User Interface

Our

BitMex

Review

Test Result

Overall rating
7.7
10
Operation
6
/10
complicated
simple
Functions & Scope
7
/10
simple
extensive
Fees & costs
10
/10
high
low
Security & Trust
6
/10
low
high
Beginner friendliness
5
/10
unsuitable
very suitable
Support
6
/10
bad
good

Conclusion

Short for Bitcoin Mercantile Exchange, BitMEX is a very powerful trading platform/digital currency exchange platform that offers investors access to various global markets using only Bitcoin.

By  
Ethan Parker
Senior Content Editor

Pro's & Con's

What we like:
Cheap fees
Comprehensive tools for professional traders
What we don't like:
Might be complex for beginners
POWERED BY AI

BitMex

User Reviews

We compile and highlight user feedback from leading review platforms, social networks, and various online sources to provide you with a comprehensive overview of user experiences and user reviews
reddit
g2 crowd
twitter
trustpilot
sikayetvar
Propose change
Operation and user-friendliness

The platform is best used on desktop devices, given the various charting and order views. And for those familiar with crypto platforms and exchanges, the BitMEX terminal will be fairly intuitive though not innovative or entirely beginner-friendly. However, its founders are facing criminal charges in the U.S. for violating the Bank Secrecy Act

Functions and offer

: BitMex is a market-leading cryptocurrency derivatives exchange that enables traders to buy and sell futures and perpetuals on a range of crypto assets.

Beginner friendliness

BitMex offers a professional trading platform with up to 100x leverage on Bitcoin and Ethereum. It offers a lot of trading features, but mostly for andvanced users and not beginners.

Fees and costs

The fee structure is recognized for its competitiveness. However, the transparency around the costs of overnight positions and financing could be improved, according to some users.

Security and trust

BitMex has received mixed reviews. Some users have praised the platform's low trading fees and deep liquidity9, while others have reported issues with the platform's 2FA system

Support

BitMex's customer support reviews are split, with some valuing the responsive service and others indicating slow response times and unsatisfactory assistance

Conclusion –
BitMex

BitMEX is a professional platform suited for experienced traders, offering competitive fees and advanced features. However, its user interface is not beginner-friendly, and the founders' legal challenges may affect user trust. Customer support receives mixed reviews.

About

BitMex

BitMex

Centralized Exchange
The Company
BitMex
Headquarters
Seychelles
Company size
Large
Regulation
FSA
Founder
Arthur Hayes
Year of foundation
2017

Summary

BitMex
By
Ethan Parker
Updated:
April 7, 2024
Crypto Exchange
Cryptos
Trading Fee
Withdrawal Fee
For US 
Users?
EF
Score
1,800
0
%
0.0003
No
9.8
/10
600
0.1
%
0.0002
Yes
9.4
/10
400
0.1
%
0.0005
No
9.3
/10
300
1.49
%
0.000079
No
9.2
/10
700
0.1
%
0.0005
Yes
8.9
/10
185
0.26
%
0.0002
Yes
8.8
/10
80
1
%
$5
Yes
8.8
/10
190
0.25
%
0.00002
No
8.8
/10
240
0.1
%
0.0005
No
8.5
/10
339
0.05
%
0.0005
No
8.5
/10
220
1.49
%
0.000079
Yes
8.3
/10
9
0.35
%
0.0006
Yes
8.2
/10
75
0.5
%
0.0005
Yes
8.1
/10
280
0.2
%
0.0004
No
8.1
/10
250
0.4
%
0.0005
Yes
8
/10
20
0.3
%
0 - 2%
No
8
/10
283
0.1
%
0.0005
No
8
/10
50
2
%
0.99% - 0.69%
No
7.9
/10
14
1%
%
0.99% - 0.69%
No
7.8
/10
260
0.1
%
0.0004
No
7.8
/10
24
0
%
0.000079
No
7.7
/10
18
1.25
%
0 - $10
No
7.5
/10
1
2.5
%
0.4% - 1%
No
7.5
/10
138
0.25
%
0.0005
Yes
7.5
/10
226
0.1
%
0.0004
No
7.4
/10
512
0.2
%
0.0005
No
7.2
/10
300
0.2
%
0.0005
Yes
7.1
/10
15
0.2
%
0.0004
No
7.1
/10
8
0.5
%
0.000079
No
7
/10
100
1.99
%
0.001
Yes
6.5
/10
48
0.1
%
0.0005
No
6.5
/10
151
0.1
%
0.00009
No
6.3
/10
70
0.4
%
0.30%
No
6.1
/10
182
0.25
%
0.0009
No
6
/10

About the author

Ethan Parker
Senior Content Editor

Ethan is the go-to crypto guru at Exchange Flow, with nearly a decade steering traders through crypto exchange platforms worldwide, Ethan brings welcome clarity to the complex terrain of digital currencies. His hands-on approach to testing and analyzing exchanges worldwide makes his reviews and articles valuable information for readers and newcomers in the crypto world. Beyond his crypto expertise, Ethan is a retro gaming enthusiast and an explorer at heart, using his crypto gains to fuel adventures around the world. Dive into Ethan’s articles and reviews for a global perspective on cryptocurrency that’s as enlightening as it is engaging.

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The information on this website is for educational purposes only and is not an investment recommendation. It should not be seen as a promise of specific outcomes or as urging you to invest. Buying cryptocurrencies is risky and could lead to losing all your invested money. This site doesn't offer investment advice. We're not responsible for the accuracy or usefulness of the information here, nor will we compensate for any financial losses.