Bitmex – the most secure crypto exchange in the world!
If you want to join in the bandwagon of cryptocurrency securely, then BitMex is the best option for you. It is one of the most stable peer-to-peer trading platforms that offer leveraged contracts that are traded in Bitcoin. You can offset some of the risks associated with the derivative products BitMex offers. One of the significant advantages is that it allows you to trade with 100% leverage. It is risky, but the rewards are potentially enormous. It is traded only in Bitcoin and enables you to invest in a focused way.
The massive scale of the investments in this platform can be observed by the liquidity it offers. It 300% more liquid than any other platform in the world. BitMex is operated in various countries such as USA, Europe, China, Japan, etc. giving you an international platform for buying and selling futures contracts. It has a smooth registration process with faster delivery and settlements. This peer to peer exchange is safe, legit and an excellent choice for investors who want to protect their Bitcoin investments from adverse price variations.
Sign Up Process For Bitmex
Sign up is very similar to most crypto exchanges in the all you need to do is chose your email address and pick a secure password. I also highly recommend a second authenticator for extra security. click the following link to get started today Bitmex Sign up
What Coins can you buy/trade in Bitmex
Of course one of the main questions you will be asking is “which crypto coins can I buy exchange in BitMex”. As of the date writing this March 2018, below is the list of coins you can buy/trade in BitMex. I plan to update this once more coins have been added, so make sure to subscribe to my emails for all the latest updates.
- Bitcoin Cash
- Eth. Classic
Major features of BitMex trading platform
When preformimg on BitMex Exchange Review we felt that it was important to discuss the follow;
The company behind BitMex has invested a lot in cutting-edge technology similar to the one used by hedge funds and investment banks. The advanced APIs enables secure transactions and lightning speed execution of the contracts. The team of BitMex has experienced personnel who are decades of experience in high-frequency trading systems and derivative investment banking. The BitMex user experience is fluid and dynamic, allowing you to monitor real-time price variations in the contracts. It also enables you to buy and sell contracts from a vast majority of investor easily.
BitMex company has a multifactor authentication showing that it is serious about the security of you and the platform. It takes advantage of the world-class security offered by Amazon Web services. The BitMex trading engine has scale and reliability without fear of system breakdowns. Along with the execution of contracts, all the transactions are checked and audited in real-time to identify any inconsistencies in accounting, trade, settlement, withdrawal, etc. the email communications from the company comes with optional PGP encryption giving you the highest class privacy you deserve. The company has a track record of not losing a single Bitcoin to hacker attacks making it one of the most secure exchanges in the world.
Ease of use
The sign-up to this platform takes only seconds. That is the power of the user-friendly design of this website. There are also quick guides to get you up and running on the platform so that you do the activity you wanted to do, that is trading. A click of the button can do buying and selling. The dashboard view is magnificent giving all the snapshot information in a single place. It also has the facility to chat with other investors exchanging information facilitating better trade practices. It also shows the exact transaction fees that are involved with the transactions so that you can efficiently manage your contracts. Login to this website is super easy and the One Time Password (OTP) option makes the login process secure.
The platform allows you to buy contracts for Bitcoin, Monero, and Ethereum. For Bitcoin, it is possible to go for 100% leverage on the permanent contracts. For Monero and Ethereum, it is possible to have leverage up to 25X and 50X respectively. Its API makes it compatible with other exchanges. Hence if you have investments in other exchanges, you can easily take advantage of them on this platform. There are automated trading softwares such as BotVS and BitMex market maker that enable you to automate your trading process entirely saving you time and energy.
BitMex uses underlying index price rather than the last traded price used by other exchanges. This enables them to prevent erroneous liquidation because of hostile traders who try to manipulate the prices to gain money. It has a system of Fair price marking that adjusts the index price according to the basis point. BitMex has an efficient loss mitigation mechanism to protect the investors. It has an Auto Deleveraging System in which the liquidation process is controlled by the trading engine to reduce volatility. Customers also have the flexibility to select their leverage levels according to their preferences.
Low transaction fees
The services of this platform can be availed at a lower transaction cost. It avoids the double trading fees that happen when the users open both short and long positions at the same time on the same contract. It also prevents double market impact costs. BitMex does this by position netting in which the users are charged on one entry and one exit thereby.
What are the Pros and Cons of using BitMex Exchange Review
Let’s have a look.
- Lower transaction fees for purchasing contracts using Bitcoin
- The transaction fees are transparent and can easily be monitored
- The trading platform is very user-friendly
- The security features of this platform are awesome
- Customer support lives up to the expectations
- Multiple contract options with perpetual contract and futures contracts are available
- It has a highly efficient liquidation process protecting investor’s money
- Trades only in Bitcoin. Other Altcoins cannot be used for transactions
- Transaction fees are not clearly displayed
- Not available in the countries other than US, Japan, China, and Europe.