BitMex is a P2P crypto-products trading platform that allows investors access to the global financial markets using only Bitcoin.
BitMex was established in 2014 by Arthur Hayes, Ben Delo, and Samuel Reed. It is wholly owned and operated by HDR Global Trading Limited, a Seychelles incorporated entity, or its relevant authorized affiliates. Unlike other cryptocurrency exchanges, BitMex is focused on leveraged trading, derivatives like perpetual contracts, and more, making it most suited for experienced traders. One of the biggest advantages of BitMex is that you can use leverage when buying contracts, allowing you to earn profits faster. BitMex is one of the largest players in the Singapore crypto space.
Yes, BitMex is a legit platform and is highly rated and one of the safest exchanges for margin trading cryptocurrencies. It is wholly owned and operated by HDR Global Trading Limited, a Republic of Seychelles incorporated entity or its relevant authorized affiliates.
BitMex enforces a minimum trade limit, and it varies from product to product depending on the initial margin. For example, the minimum deposit limit for XBT/USD is $1 USD * 1% (Initial Margin) = $0.01, and at a XBT/USD price of $600 this equals 0.00001667.
Yes, BitMex charges a percentage-based trading fee for every completed trade. The taker fee on perpetual contracts and traditional futures is 0.0750%.