BitMEX is a cryptocurrency exchange that was founded by HDR Global Trading Limited in 2014. From that point on, the company has been registered in the Seychelles operating in Hong Kong.
The full name of BitMEX basically translates to Bitcoin Mercantile Exchange – and the exchange is now one of the largest Bitcoin trading platforms with over 35,000 BTC in daily trading volume and over 540,000 accesses monthly. The trading history, on the other hand, has crossed $34 million in Bitcoin ever since its inception.
What makes BitMEX special is the fact that the exchange only accepts deposits through Bitcoin which can be later used to purchase other cryptocurrencies. BitMEX also offers margin trading and is not regulated in any jurisdiction.
BitMEX allows its users to trade cryptocurrecies against multiple fiat currencies including the US dollar, the Japanese Yen and the Chinese Yauan. The platform offers its users to trade with Bitcoin, Bitcoin Cash, Ethereum, Dash, Litecoin, Monero, Ripple and many more.
The trading platform is very intuitive and it’s simple which makes it perfect for new traders. The interface can look a little dated compared to other platforms but there is an instructions manual that will help even those who are just starting.
Once the users are signed up to the platform, they can look up the Trade option and all of the trading instruments will be displayed. You can check the order book tools, the recent trades and other features that are really helpful. The order books show the three important columns for bid value, the quantity of the order and the total USD value of all of the orders.
The widgets on BitMex can be changed depending on what the users’ preferences are. This means that each user can have full control over what is displayed. It also has a built-in feature that will provide the TradingView charting. Here you can find many charting tools that will help you make your decision before investing.
BitMEX does not charge fees on deposits or withdrawals. Keep in mind that when withdrawing Bitcoin, the minimum network fee is based on the blockchain load.