BitMEX Review

Financial markets keep changing their movements, but investors stay put on the technologies and tools that make them earn instant profits. Trading platforms have end up being the newest method of executing financial decisions in the market. In cryptocurrency markets, these trading platforms are helping traders and investors make an incredible amount of dollars by enabling the very best tools.

BitMEX is among probably the most used trading platforms in the crypto space today. Bitcoin loyalists around the world use it. The platform offers plenty of trading features to investors, helping them stay successful in the global financial markets.

In this BitMEX review, different facets of the platform have now been reviewed. Margin trading and leverage trading options that come with the platform have now been evaluated.

This BitMEX review explains why investors and international business companies should use a reliable derivative trading platform like BitMEX to expand their global trading practices.

What is BitMEX?

Through the years, there's been no small amount of confusion in regards to the controversial exchange. This review will make an effort to shed light on the facts of the situation. 

As you may know, BitMEX means Bitcoin Mercantile Exchange.  BitMEX is just a peer-to-peer trading platform that offers leveraged contracts to be bought and sold in bitcoin. Similar to Bybit exchange and Phemex exchange, leveraged contracts are often known as derivative and margin trading.

Before delving into more specifics in regards to the platform, it's important to notice that  BitMEX has received its fair share of blunders on the years. These issues have cast a darkness over its operations and practices more broadly.

Who Is BitMEX Recommended For?

The crypto world is exclusive for most reasons, one of them being its hugely increasing popularity among all types of people thanks to easy-to-access solutions; but another and vitally important you could be the volatility of prices along with the high risk of a few of the products.

So, either if you're a new comer to crypto or when you yourself have made your first steps (or a lot of them) into the crypto sphere, you must probably be sure you possess some basic information about everything you are doing and what tools you're trading with before joining this platform, or any other.

BitMEX aims to be a one-stop platform proper, be they an experienced trader or newcomer, who wants  to know about and trade with crypto. To guide growth of a, BitMEX Academy exists. Armed with contents connected to cryptocurrency, blockchain technology, trading fundamentals, and other topics necessary to success in the crypto markets, along with basics in regards to the BitMEX platform.

Is BitMEX a Safe Trading Platform?

While BitMEX works on the highly secure trading platform, features a %100 cold storage policy, and employs advanced cybersecurity (zero lost value due to hacking and intrusion), BitMEX may involve some level of risk depending in your location. 

For example, the platform is not registered as a Money Service Business (MSB), and the Ontario Securities Commission has banned BitMEX in Ontario, Canada. The same applies for some countries, to test if you're in one of these simple simple banned countries, you have the ability to refer to BitMEXs Restricted Countries. 

BitMEX Review: Our Verdict

To conclude this BitMEX review, one can access the very best tools and experience a unique trading service with this specific platform. It's safe to mention this exchange enables advanced trading procedures for the users. It's fitted to professional traders and those individuals who are ready to trade volatile risk assets and which makes it the best crypto exchange. This platform is made for maximizing the experience of margin trading.

People will visit BitMEX and use this exchange platform extensively for trading derivatives of the largest cryptocurrency – Bitcoin. This app also helps in speculating the market to earn Bitcoin profits assuredly.

To summarize, you have the ability to trade with BitMEX for big daily volumes of derivatives exchange. It's a standard popular exchange in the crypto space.