This change was introduced after regulatory pressure, as the platform previously allowed trading with just an email address. Yes, BitMEX requires all users to complete KYC verification before they can trade or withdraw funds. BitDegree.org does not endorse or suggest you to buy, sell or hold any kind of cryptocurrency.

As a platform built mainly for experienced traders, the best features of BitMEX are derivatives trading, margin trading, BitMEX trading bot, integration with TradingView, and quick crypto conversions. Such features include futures contracts, perpetual contracts, margin trading with up to 250x leverage, and more. When it comes to advanced exchanges or cryptocurrency derivatives trading platforms that have very extensive features, you might come across some issues. On top of that, the exchange also allows trading prediction market contracts, which let traders speculate on real-world events instead of only crypto prices.

Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Negative balance protection is a great feature, especially for an industry as volatile as cryptocurrency. BitMEX has a track record of security and it’s a highly-rated platform having not lost a single Bitcoin through intrusion or hacking ever. We’ll discuss the Crypto Converter, BitMEX Earn, BMEX, the BitMEX Academy, and security features. The crypto world is unique for many reasons, one of them being its hugely increasing popularity among all types of people thanks to easy-to-access solutions; but another and very important one is the volatility of prices as well as the high risk of some of the products. In 2021, the kicking-off of the Beyond Derivatives strategy started carving the path towards BitMEX’ mission to become the world’s largest regulated crypto exchange and a real catalyst for change in the financial industry.

BitMEX margin trading is a type of trading method in which you practice trading financial assets using money borrowed from a broker. All things considered, if you were concerned about BitMEX exchange security, there’s completely nothing to be worried about. After you make an order, trade, deposit or withdrawal, BitMEX makes a full risk assessment on each of them. Talking about trading engine security, the company uses the same database and toolset that some of the most trusted banks are using in trading applications. If you’re not aware yet, cold wallets are considered to be among the most secure storage for your cryptocurrencies. That includes wallet, system, trading and communication security.

Low BitMEX Fees

The platform seems to be very reliable when it comes to wallet, system, trading and communication security. It’s recommended to choose BitMEX crypto exchange for its security. Before deciding which cryptocurrency exchange to use, it’s crucial to make sure that it’s supported in your country. To find out what this crypto derivatives platform is missing, it’s time to move into the less-pleasant part of this BitMEX review and consider all the cons. Every crypto fan knows how important it is to have the ability to keep track of the assets and trade cryptocurrencies on the go. The same goes for spot trading – the fees start at 0.1% for both makers and takers but can be decreased as you increase your fee level.

Perpetuals Trading Fees:

• If you want to practice trading on BitMEX TestNet, you’ll need to create a separate account from BitMEX.com.
• BitMEX is a great platform but you have to be based in a country that is not included in one of the restricted jurisdictions.
• Its core derivative products include perpetual and futures contracts, which we discuss below.

Perpetual contracts are more suitable for active traders who want the feel of spot trading combined with the benefits of leverage. The best features of BitMEX crypto exchange are derivatives trading, margin trading, BitMEX trading bot, and BitMEX cloud mining. To give you a quick look into the trading platform, the table below contains information about the BitMEX exchange, including the number of supported cryptocurrencies, its best features, and more.

BitMEX Features

BitMEX charges percentage-based maker and taker fees on spot trades, with tiered discounts based on 30-day trading volume. It’s a derivatives-focused crypto exchange with deep liquidity on leveraged products. The goal of our reviews is to provide our readers with the most objective and unbiased overviews of available platforms for spot crypto trading. BitMEX security features include a multisignature scheme to validate and audit deposits and withdrawals before completion; full risk checks after every order placement, trade, settlement, deposit and withdrawal to make sure all accounts in the system sum to zero at any time; and multiple, secure forms of authentication. BitMEX is committed to the platform and its users’ security and implements a series of measures to make sure funds, trading engines, and systems are protected.

BMEX Staking Discounts:

BitMEX allows users to stake its native token, BMEX, in exchange for trading discounts. This functionality can be useful for those looking to adjust their cryptocurrency holdings without the need for external exchanges. This feature simplifies the process of acquiring cryptocurrencies directly within the BitMEX platform. The exchange has a mobile app, providing traders with the flexibility to trade on the go. Mabel is a blockchain researcher with a deep understanding of decentralized finance and cryptocurrency markets. Now that your account is active, you can visit the Rewards Hub to complete tasks/missions and unlock the rewards BitMEX offers new traders.

• CryptoNinjas is a global news and research portal that supplies market and industry information on the cryptocurrency space, bitcoin, blockchains.
• The trading platform explicitly prohibits US persons from accessing its services, meaning that traders in the US cannot legally open or maintain trading accounts on BitMEX.
• If you reside outside the USA, have an affinity for high leverage (and you know what you are doing), and seek advanced technical tools for your cryptocurrency trading, BitMEX is an ideal platform for you.
• This feature simplifies the process of acquiring cryptocurrencies directly within the BitMEX platform.
• Today, the BitMEX cryptocurrency derivatives platform is owned by HDR Global Trading Limited, registered in Seychelles (an island country in the Indian Ocean), with offices worldwide.

In 2019, cryptocurrency critic Nouriel Roubini framed the company of illegal activities, claiming that there was too much risk involved for customers when trading. We wrote this review from the perspective of active traders who care about costs, reliability and risk as much as about headline leverage. For most users, it works best as a secondary, purpose-built exchange rather than as your only crypto platform. There are no broad-based card or bank deposit options on par with mainstream retail exchanges; this reinforces that BitMEX is built for crypto-native traders.

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Furthermore, BitMEX primarily offers crypto-to-crypto trading, meaning there are no direct fiat pairs like BTC/USD. In fact, it includes perpetual contracts with a leverage of up to x100, a scenario that might not be advisable for beginners. However, it appears that staking other cryptocurrencies, like Ethereum, is not currently supported on the platform.

The goal is to align incentives among stakeholders (platform developers, liquidity providers, and long-term participants) and ensure stability as the token ecosystem matures. While this is not the case anymore, BitMEX is still quite limited when it comes to crypto variety. That being said, you can rely on BitMEX support in case you’re experiencing any issues when using the platform. So, if you decide that BitMEX is a suitable platform for your needs, you should probably download the app, as well. FYI, BitMEX doesn’t charge any fees for deposits and Bitcoin withdrawals.

Buy Crypto

Our goal is not to tell you what to trade, but to help you understand what trading on BitMEX actually feels like in 2025. Based on our testing, we came to the conclusion that BitMEX can be an excellent specialist venue to keep in your toolkit if you trade derivatives or hedge positions actively. For that audience, BitMEX offers strong liquidity, advanced tools, and solid security. From a risk-management standpoint, BitMEX now operates as a more mature, compliance-heavy derivatives venue with a serious U.S. regulatory history, not a lightly scrutinized offshore wildcard. BitMEX and its principals have settled the major U.S. cases, paid significant fines, and the platform now emphasizes its compliance program, mandatory KYC for all users, and tighter jurisdictional controls. Trust is the most sensitive part of any derivatives-focused exchange, and BitMEX’s regulatory history is well known.

only bitcoin???

Now, if you want to gain as much as you can from a trading platform, you should always take a look at the fees. With copy trading, you can just follow traders who (hopefully) know what they’re doing and mirror their moves. BitMEX now supports 14+ spot pairs, so you can trade Bitcoin, Ethereum, USDT, and other popular assets without messing around with leverage. This meant that you wouldn’t be able to purchase cryptocurrencies using fiat currencies, such as USD and EUR, and would have to transfer Bitcoin from another platform to BitMEX. For years, BitMEX has had a reputation as the place to go for high-leverage crypto derivatives (and it still is).

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It gives you access to leverage to open bigger trades using less capital. BitMEX popularized the perpetual contract, a type of crypto derivative with no expiry date. It also supports a range of altcoin derivatives, with slightly lower leverage limits. The cons of BitMEX include unavailability in the US, not being beginner-friendly compared to other top exchanges, no fiat trading, and having had past regulatory issues and criminal charges. Beyond its core product offerings, BitMEX provides a testnet for practice, offers API access for developers, and its user interface is optimized for desktop and mobile, making it easy to trade on the go. Founded in 2014 by Arthur Hayes, Ben Delo, and Samuel Reed, the platform remains under HDR’s ownership through its Seychelles-based entity.

The exchange provides a robust and efficient system, catering to both casual and professional traders. The exchange’s past legal issues and controversies should be considered, but its global accessibility and liquidity make it a significant player in the crypto derivatives space. This serves as a safeguard in the event of a “bank run,” assuring users that the exchange can fulfill fund withdrawals transparently and without any risk of a rug pull. Ensuring the security of users funds is paramount for any exchange, and BitMEX takes this responsibility seriously. As users accumulate larger positions, there is a potential risk to other participants on the exchange, as they might face a deleveraging event if the position cannot be entirely liquidated. While the primary trading interface of BitMEX might appear daunting initially, it shares fundamental similarities with the trading platforms found on other prominent exchanges.

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To make such predictions, you have to perform thorough research, analyze the market, and invest an amount of money that you wouldn’t be too afraid of losing. If, when that date comes, Bitcoin’s market price is only $100,000, you would be down $20,000, while the counterparty would gain the same amount. Imagine you enter a futures contract to buy 1 BTC for $120,000 on January 1. The bitmex review higher your leverage is, the higher your gains AND loses can be. Trading with high leverage comes with great responsibility.