BitMEX review

BitMEX supported cryptocurrencies

BitMEX offers an impressive lineup of 93 different cryptocurrencies, from well-known giants like Bitcoin and Ethereum to a diverse array of intriguing altcoins. With 169 trading pairs available, you have a wealth of opportunities to explore and trade.

BitMEX supported fiat

We don't have information yet about whether BitMEX supports fiat currencies. If BitMEX adds fiat support, we'll update this page automatically.

BitMEX deposit and withdrawal methods

BitMEX allows you to deposit and withdraw cryptocurrencies such as Bitcoin (BTC) and Tether (USDT) on the Ethereum (ERC-20) and TRON (TRC-20) networks. To deposit, simply copy the provided wallet address or scan the QR code. For withdrawals, select the cryptocurrency, enter the destination address, and confirm the transaction. Keep in mind that BitMEX only supports crypto deposits and withdrawals, not fiat. Withdrawal fees vary by cryptocurrency, with Bitcoin withdrawals subject to a network fee that adjusts based on blockchain conditions. It's important to ensure that the network selected for both deposits and withdrawals matches the one for the cryptocurrency you're using.

BitMEX loans

BitMEX does not currently offer loan services. The platform primarily focuses on cryptocurrency derivatives trading and provides high-leverage options. If you're looking for lending or borrowing products, you may want to explore other platforms that offer these services.

BitMEX restricted countries

BitMEX restricts access to users from certain countries. These include regions like Cuba, Iran, Syria, North Korea, Crimea, and parts of Ukraine such as Donetsk, Luhansk, Kherson, and Zaporizhzhia. Additionally, users from the United States, Bermuda, Canada, Seychelles, Myanmar, and Hong Kong are also unable to access the platform.

Is it possible to use leverage or margin trading on BitMEX?

BitMEX offers leverage and margin trading, with up to 100x leverage available on products like perpetual and futures contracts. The amount of leverage varies depending on the asset. While leverage can enhance potential profits, it also increases the risk of significant losses, so it’s important for traders to use proper risk management.

BitMEX Spot Trading

BitMEX offers spot trading, where users can buy and sell cryptocurrencies at market prices with immediate settlement. The platform supports various trading pairs, such as XBT/USDT and ETH/USDT. To get started, simply log in, complete the necessary verification steps, and place market or limit orders through the Spot page.

BitMEX Earning Services

BitMEX offers the BitMEX EARN product, where users can earn interest on cryptocurrencies like Bitcoin (XBT) and Tether (USDT ERC-20). By subscribing, users can deposit their assets for a set period and receive interest at maturity. The platform provides competitive annual percentage rates (APRs) on deposits, with products backed by the BitMEX insurance fund for added security.

BitMEX OTC Trading

BitMEX does not offer Over-the-Counter (OTC) trading. The platform focuses on derivatives trading, such as perpetual contracts, futures, and options. If you're looking for OTC services, you may want to consider other platforms that specialize in this type of trading.

BitMEX Fees

BitMEX has a tiered fee structure that depends on your 30-day trading volume or how much BMEX tokens you stake. For regular users, the maker fee is around 0.05%, and the taker fee is 0.10% for derivatives trading. Spot trading fees are similar. If you trade more or stake more BMEX tokens, you can enjoy lower fees. It’s a good idea to check the latest fee schedule directly on the BitMEX website.