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BitMEX Review 2025

BitMEX Review 2025
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Your Capital is at risk.
Company:BitMEX
Headquarter:

Seychelles

Founded:2014
Coins:110
US Accepted:
Max Leverage:1:100
BotsFutures TradingLeverage up to 100x

Investing and trading in financial markets such as the stock exchange, forex, digital currencies in the form of spot or with leverage face a high inherent risk. According to the statistics of all exchanges and brokers, more than 75% of people lose!

Your Capital is at risk.

About
BitMEX, founded in Hong Kong and registered in Seychelles, has intrusion proof as one of its unique security measurements. The platform is owned by HDR Global Trading Limited, and has received a 100/100 Trustscore from ScamAdivser.
Rank and Score
Pros and Cons
User Levels
Pros
High Leverage Trading (Up to 100x)
Perpetual Contracts
Long Time of Presence in the Industry
Cons
No Trading Without Verification
No Fiat Currency Support
score of blog
1 From 5.0
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Rate this post
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BitMEX is a crypto exchange founded by Arthur Hayes, Samuel Reed, and Ben Delo, with +110 coins/tokens for futures, margin, and spot trading.

The platform, with its domain registered in 2003, has received a 7/10 trust score on the CoinGecko website.

BitMEX
Learn about the features, services, and various aspects in this BitMEX review

BitMEX Information + Regulation

BitMEX was established in 2014 in Hong Kong by Arthur Hayes, Samuel Reed, and Ben Delo.

The crypto exchange is owned by HDR Global Trading Limited and is registered in the Seychelles.

At the time of writing this article, the exchange's 24-hour trading volume is less than $200,000.

CEO of BitMEX

Stephan Lutz is the CEO and CFO of BitMEX. He joined the company in 2021 as CFO and was later appointed as CEO in late 2022, during one of crypto’s most turbulent periods.

LinkedIn profile of BitMEX CEO Stephan Lutz
Professional LinkedIn account of Stephan Lutz, current Chief Executive Officer of the BitMEX cryptocurrency exchange

Under his leadership, BitMEX has reinforced its position as a leading force in the crypto derivatives market.

You can connect with him Through Stephan Lutz's LinkedIn page

Summary of Specifications and Details

Here's a concise overview of BitMEX's features and specifics in its services and aspects:

Exchange

BitMEX

Launch Date

2014

Levels

None

Trading Fees

0.045% to 0.1% for Spot

0.032% to 0.05% for Derivatives

Restricted Countries

United States, Cuba, Iran, Syria, North Korea, Crimea and Sevastopol, Seychelles, Bermuda, Hong Kong SAR, Canada, Myanmar, Russia

Supported Coins

110+

Futures Trading

Yes

Minimum Deposit

Varies Based on the Asset, 10 USDT for Tether

Deposit Methods

BTC

Withdrawal Methods

BTC

Maximum Leverage

100x

Minimum Trade Amount

Varies Based on the Asset

Security Factors

Intrusion Proof, Bitcoin Custody, Custody for Other Assets, Transaction Protection, Segregation of Funds, Insurance Fund

Services

Futures Trading, Bots

Customer Support Ways

Email, Ticket, Live Chat

Customer Support Hours

24/7

Fiat Deposit

No

Affiliate Program

Yes

Orders Execution

N/A

Native Token

BMEX

Notable Advantages and Disadvantages

BitMEX, similar to many other exchanges, offers several advantages for cryptocurrency traders, but it's important to consider both the pros and cons before using the platform:

Advantages

Disadvantages

High Leverage Trading (Up to 100x)

No Trading Without Verification

Perpetual Contracts

No Fiat Currency Support

Long Time of Presence in the Industry

-

User Levels

Verification levels are found in some platforms for determining the limitations of an account based on its authorization status.

Based on the data from the official website and our chats with the support team, BitMEX doesn't employ any leveling system for verified users.

It maintains a flat account structure, offering the same trading features and fee model to all users, regardless of their trading volume. Unlike exchanges that implement VIP tiers or token-based discounts, BitMEX does not operate such a system.

However,institutional clients may request custom setups, including enhanced API limits and operational support.

Commissions And Costs

BitMEX operates with a low-cost fee structure tailored for spot and derivative traders. It charges a taker fee of 0.075%, while market makers often benefit from rebates or extremely low maker fees.

Trading fees section of the BitMEX exchange
Detailed view of BitMEX trading fees structure, including maker and taker charges for different contracts

Deposits in Bitcoin (BTC) and Tether (USDT) are free, and withdrawal costs vary depending on the blockchain network congestion.

Here's a breakdown of BitMEX's commissions and costs inspot trading:

Fee Level

BMEX Staked

or

30D Trading Volume (USD)

Spot (Maker/Taker)

Regular

0+

/

0+

0.1%

VIP 1

10M+

10M+

0.07%

VIP 2

25M+

25M+

0.06%

VIP 3

50M+

50M+

0.055%

VIP 4

100M+

100M+

0.05%

VIP 5

250M+

250M+

0.045%

You can see the fees for derivativesin the table below:

Fee Level

BMEX Staked

or

30D Trading Volume (USD)

Derivatives (Maker)

Derivatives (Taker)

Regular

0+

/

0+

0.05%

0.05%

VIP 1

10M+

10M+

0.025%

0.05%

VIP 2

25M+

25M+

0.022%

0.045%

VIP 3

50M+

50M+

0.02%

0.04%

VIP 4

100M+

100M+

0.018%

0.035%

VIP 5

250M+

250M+

0.015%

0.032%

As stated by the platform, there are no costs on deposits and withdrawals.

How Many Tradable Coins and Tokens Are Available?

BitMEX is one of those exchanges with an average list of asset offerings, providing access to 110+ cryptocurrencies at the time of writing this review, based on our conversation with the support team.

Market overview page on the BitMEX exchange
Snapshot of the BitMEX market overview page displaying active trading pairs, prices, and market performance data

The exchange supports a focused selection of cryptocurrencies, primarily catering to traders of derivatives. Users can trade popular assets, including Bitcoin (XBT), Ethereum (ETH), Litecoin (LTC), and XRP.

In addition to these, the platform provides access to perpetual swaps and futures on a broader set of tokens, expanding exposure without requiring the user to hold the underlying asset. Here are some of the available cryptocurrencies:

  • Bitcoin [BTC]
  • BitMEX Native Token [BMEX]
  • Avalanche [AVAX]
  • Pepe [PEPE]
  • Cardano [ADA]
  • Litecoin [LTC]
  • Axie Infinity [AXS]

Note that the list of available assets on the spot market is much shorter compared to the derivatives.

Futures and Margin Trading

BitMEX Exchange offers two types of margin trading [isolated and cross-margin], with a leverage of up to 100x on some assets, including Bitcoin.

The leverage makes it possible for traders to amplify their potential profit at the cost of a higher risk.

Signing Up and Authorization

BitMEX has implemented a stringent verification process to ensure compliance with regulatory requirements.

However, the registration process is still simple and quick. Here's your guide:

#1 Visit the Exchange's Website

Head to the BitMEX official website and click "Sign Up" to reach the sign up form.

BitMEX Sign Up buttonClick the "Sign Up" button and enter the registration form on BitMEX

#2 Complete the Registration Form

Enter the following information on the application form:

  • Email address
  • Password
  • Country of residence

Check the captchaand confirm the statement below the form.

BitMEX Registration
Enter your email address to register with BitMEX

#3 BitMEX Verification

Now, your account on the exchange is ready. For BitMEX verification, follow these steps:

  1. Choose your account type in the next page, then click "Get Started";
  2. Provide personal details, including your full name, date of birth, nationality, and birthplace;
  3. Upload proof of identity;
  4. Answer the questionnaire.
BitMEX login page
Secure login interface of the BitMEX exchange requiring registered email and password credentials

How to Trade

Before opening a trade on BitMEX Spot, you must ensure sufficient funds are available. Pairs are quoted in USDT or BTC; coins marked with the green USDT tag can be traded against Tether, while BTC-denominated pairs require Bitcoin in your wallet.

For example, a Bitcoin/USDT position can be initiated if you hold USDT.

BitMEX spot trading page
Interface of BitMEX spot trading section showing live order book, price chart, and trading controls

Orders are placed through the panel on the right, where notional values can be displayed in either Tether or Bitcoin. Many traders prefer calculating in USDT for simplicity.

A position size, such as $500, can be entered and executed as a Market Order, Limit Order, or Stop Market Order. Market execution fills at the best available bid–ask price, whereas Limit Orders provide greater control over entry.

Selecting post-only ensures maker status, often reducing or even reversing trading fees through BitMEX’s rebate structure.

Choosing whether to go long or short determines profit direction: long positions gain from price increases, while shorts benefit from declines.

Technical indicators like the Bollinger Band can guide short-term bias, and trades can be placed directly from the chart by dragging orders.

Once confirmed, details such as entry price, market price, margin used, wallet balance, and unrealized P&L are displayed in the position table.

BitMEX buy order preview
Preview window of a buy trade on BitMEX, displaying order details before final confirmation

Active positions can be managed quickly with either market or limit closes. Margin requirements are minimal—for instance, a $500 Bitcoin trade may require less than $3 collateral.

Display currency can also be switched from BTC to USD for easier tracking of position value.

Because trades are leveraged derivatives, protecting capital is critical.

BitMEX offers multiple risk tools: a Stop-Loss can be set via chart trading or order controls, with the trigger commonly tied to the Index Price, which aggregates data from several exchanges for stability.

Traders often complement this with a Stop-Limit Order for precision and a predefined Take-Profit to secure gains.

Bitcoin buy order on BitMEX
Execution of a Bitcoin purchase order on BitMEX, showing selected amount and order parameters

BitMEX Trading Platform

This company takes a typical approach toward the trading facility for its users, but offers advanced features that are suitable for professional traders on its platform. The terminal is available via these systems:

The application hasn’t received any reviews on the Apple App Store, and has seen under 600 ratings on the Google Play Store, averaging 4.7 out of 5.

BitMEX Trade Volume

BitMEX trading volume on CoinGecko
Overview of BitMEX exchange trading volume statistics as reported on the CoinGecko platform

The chart shows that open interest across exchanges fluctuated between $1.5B and $2.5B over the past three months. After a decline in early June, the trend shifted upward from mid-July, with values peaking above $2.2B. However, since mid-August, a pullback has been observed, with current levels hovering close to $2B.

Services

BitMEX combines features found in both professional trading platforms and retail exchanges.

Beyond its core focus on P2P trading, the platform provides API access for developers, supports execution through TradingView integration , and offers a Testnet demo environment for simulated trades.

Some services—such as OTC trading and an affiliate referral program—are available, while others like a Launchpad , NFT marketplace or DEX trading are not part of the exchange’s offering.

The table below outlines the full service availability in detail.

Service

Availability

TradingView Integration

Yes

Auto Trading (Bots)

No native bots; automation possible via API / TradingView alerts & Pine Script (third-party).

API Access

Yes (REST & WebSocket APIs)

P2P Trading

Yes

OTC Trading

Yes — via BitMEX Link (OTC brokerage)

Demo Account

Yes — BitMEX Testnet (simulated trading)

Launchpad

Not available

NFT Marketplace

Not available

Referral Program

Yes — Affiliate/Partner programmes

DEX Trading

Not available

Auto-Invest (Recurring Buy)

No official feature published

Safety Measurements

BitMEX has maintained a robust security track record, relying oncold wallet storage, multi-signature transaction protocols, and manual withdrawal review processes. These systems have helped the platform avoid major breaches.

However, its compliance history includes regulatory settlements, highlighting the need for transparency and continual governance improvements.

Track Record:

  • No customer funds lost since inception in2014
  • Strong focus on security and reliability

Intrusion Proof Measures:

  • Positions and margins checked multiple times per minute
  • Balances cross-checked against on-chain records every 10 minutes
  • Bug bounty program to identify and address security issues

Bitcoin Custody:

  • Multi-signature wallets used
  • Set of private keys required for any transfers
  • Private keys never stored on cloud servers

Custody for Other Assets:

  • Non-Bitcoin assets secured using secure multi-party computation (MPC)
  • No single private key held in one place

Transaction Protection:

  • Multiple layers of security
  • Segregation of duties
  • Multiple signatures and interactions with hardware security modules required

Segregation of Funds:

  • Client funds segregated from company assets
  • Ring-fenced and not lent, staked, or traded

Insurance Fund:

  • One of the highest insurance funds in the industry
  • Protects traders from deleveraging events
  • Ensures exchange solvency

Security Rankings

The security profile of BitMEX shows mixed results across different evaluations. CertiK Skynet assigns an overall score of 80.41 (A) with stronger performance in cybersecurity (90.48) and operational metrics (87.64), while fundamentals and community scores are lower.

BitMEX review page on CertiK
Security and performance review of the BitMEX exchange displayed on the CertiK platform

On the other hand, CER.live rates the exchange at 58% (CCC). It highlights solid server security (95/100) and a fully active bug bounty program (100/100), but records weaker user security (54/100) and no completed penetration tests.

BitMEX review page on CER.live
Exchange security assessment of BitMEX on the CER.live platform, showing overall rating and detailed scores

The table below provides a consolidated view of both assessments:

Category

Metric

Value

Certik Skynet Score

Overall Score

80.41 (A)

Operational

87.64

Market

75.72

Cybersecurity

90.48

Fundamental

75.16

Listing Security

82.55

Community

77.15

CER.live Security Score

Overall Score

58% (CCC)

Server Security

95/100

User Security

54/100

Penetration Tests

0/100

Bug Bounty

100/100

ISO 27001

Yes

CCSS

No

Funds Insurance

Yes

Funding Options and Methods

BitMEX primarily operates as a crypto-to-crypto exchange, with Bitcoin (BTC) serving as the main currency for deposits and withdrawals.

Therefore, there's no option for making anyfiat deposits on the platform. Thus, we can say that BitMEX deposit & withdrawal options are very limited.

BitMEX BTC Withdrawal

Withdrawing Bitcoin from BitMEX is designed to be fast and secure, usually completed in around 10 minutes. Every transaction carries a fixed network fee of 0.00003 BTC, and users must complete the platform’s verification process before requesting payouts.

The withdrawal flow follows five key steps. First, log into your BitMEX account and activate two-factor authentication (2FA) using Google Authenticator through the Security Center. Next, open the Wallet section and select Withdrawal.

From there, choose Bitcoin (BTC) , enter the correct wallet address, and confirm the fee before submitting your request.

Once submitted, a verification email will be sent. Users must approve the request by clicking the Confirm Withdrawal link. Finally, the transaction can be monitored under Transaction History, where it appears as completed once confirmed on the Bitcoin blockchain.

BitMEX withdrawal order report
Detailed report of a withdrawal request on BitMEX, including transaction status and confirmation records

BitMEX Trust Scores

Evaluations from various review platforms such as Trustpilotand CoinGecko present a mixed picture of user satisfaction and platform reliability. Let's look at the details:

BitMEX score on Trustpilot
BitMEX has a 2.2/5 score based on +60 reviews on Trustpilot
  • Trustpilot: 2.2/5, with +60 reviews (+60% 1-star ratings);
  • Reviews.io: 1.8/5, based on more than 70 ratings, 16% of reviewers recommend the platform;
  • BitMEX CoinGecko: 7/10, evaluated by an algorithm developed by CoinGecko.
BitMEX on CoinGecko
BitMEX exchange has received a 7/10 Trust Score from CoinGecko

BitMEX Features

Does BitMEX offer copy trading, staking, or other special services?

Staking

No

Yield Farming

No

Social Trading

Yes

Liquidity Pool

Yes

Crypto Cards

No

BitMEX Bonus

BitMEX has introduced several campaigns and product features in 2024–2025, each with specific timelines, rewards, and target audiences.

BitMEX bonus page
Promotional bonus section on BitMEX, outlining reward details and eligibility conditions for traders

The table below outlines the core details of these initiatives for quick reference.

Campaign / Programme

Period

Key Rewards / Features

Eligibility & Conditions

Wundertrading x BitMEX Campaign

1 Aug – 30 Sep 2025

Up to 50,000 USDT rebates; tiered from $25 (at $500k volume) up to $5,000 (at $1bn)

Opt-in via Missions page; derivatives volume only

Friday Frenzy Trading Campaign

Weekends, 27 Jun – 31 Aug 2025

$5,000 weekly pool: $4,000 for trading volume, $1,000 for first 50 new users hitting $50k volume

Verified users; rewards paid weekly on Tuesdays

Welcome Package

1 Jul – 31 Aug 2025

Up to $5,110: Starter Quest (10 USDT) + Welcome(-Back) Offer (up to $5,000 BMEX based on deposits & trading)

New or returning users; KYC required; rewards tiered by deposit & volume

GinArea x BitMEX Campaign

1 Jul – 31 Dec 2025

Up to 100,000 USDT rebates; tiered from $50 (at $500k) to $10,000 (at $1bn)

New & existing users via GinArea referral; rewards tracked in real time

Fee Matching Offer

Ongoing

Matches competitor derivatives fees (min taker 0.020%, maker 0.015%); extra: up to 5,000 BMEX for referrals

New/returning users (inactive since 1 Jan 2024); must submit proof to support@bitmex.com

Unblinked x BitMEX Campaign

27 May – 30 Sep 2025

Up to 100,000 USDT rebates (50 USDT at $500k to 100,000 USDT at $1bn); VIP fees (0.03% taker, 0.005% maker) for ≥$50m volume

Verified users via Unblinked software; instant wallet credits

Affiliate Programme

Ongoing (since 2014)

Up to 60% lifetime commissions; daily payouts; VIP perks (custom campaigns, swag, Guilds access)

Content creators, trading groups, community leaders; application reviewed within 24h

Wundertrading x BitMEX Trading Campaign – Up to 50,000 USDT in Rebates

BitMEX has partnered with Wundertrading to launch a trading campaign running from 1 August to 30 September 2025, offering traders the chance to earn up to 50,000 USDT in cumulative rebates.

Wundertrading x BitMEX trading campaign page
Landing page of the Wundertrading x BitMEX Trading Campaign presenting partnership details and trading reward structure

By creating a bot on the Wundertrading platform and opting into the campaign via the BitMEX Missions page, users can qualify for rewards based on their total derivatives trading volume.

The rebate structure follows a tiered model, starting with $25 at 500,000 USD in volume and scaling up to $5,000 at 1 billion USD in volume, with rewards credited directly to BitMEX wallets.

Progress can be tracked in real time through the Missions page, and any missed payouts will be processed within 10 days after the campaign concludes.

Friday Frenzy Trading Campaign – Weekly $5,000 Prize Pool

BitMEX has introduced the Friday Frenzy Trading Campaign , running every weekend from 27 June to 31 August 2025, with a total prize pool of $5,000 USDT each week.

Friday Frenzy Trading Campaign page on BitMEX
Landing page of the BitMEX Friday Frenzy Trading Campaign featuring a weekly $5,000 prize pool for active traders

Verified users can participate by trading selected altcoin and memecoin derivative contracts between Friday and Sunday.

The campaign includes two reward tracks: a 4,000 USDT poolfor all traders based on weekly trading volume, and a 1,000 USDT bonus for the first 50 newly registered users who reach a $50,000 trading volume in the designated contracts.

Rewards are distributed weekly to BitMEX wallets, with payouts made every Tuesday. Both new and existing users can join, making it a recurring opportunity to earn prizes throughout the campaign period.

BitMEX Welcome Package – Over $5,000 in Rewards

Between 1 July and 31 August 2025 , BitMEX is running a Welcome Package campaignfor both new and returning users, offering rewards of up to $5,110 .

The package consists of two parts: a Starter Quest, where newly registered users can complete KYC and simple missions to earn 10 USDT, and a Welcome(-Back) Offer, which grants up to $5,000 in BMEX Tokens to those who deposit and trade within 30 days of verification.

BitMEX Welcome Package campaign page
Landing page of the BitMEX Welcome Package, outlining starter quests and deposit-based rewards for new and returning users

Rewards are distributed in tiers based on deposit size and trading volume, ranging from $25 up to $5,000.

All eligible rewards are credited directly to BitMEX wallets once the requirements are met, making this campaign a structured entry point for traders beginning or restarting their activity on the exchange.

GinArea x BitMEX Trading Campaign – Up to 100,000 USDT in Rebates

From 1 July to 31 December 2025, BitMEX is running a six-month trading campaign in partnership with GinArea, offering cumulative rebates of up to 100,000 USDT.

Participants who connect their accounts and place derivatives trades through the GinArea platform can unlock rewards across 29 tiers, starting with 50 USDT at $500,000 in trading volume and scaling up to 10,000 USDT at $1 billion in trading volume.

GinArea x BitMEX trading campaign page
Landing page of the GinArea x BitMEX Trading Campaign showing collaboration details and reward opportunities for participants

All earned rebates are deposited directly into users’ BitMEX wallets and can be tracked in real time via the Missions page.

The campaign is open to both new users registering via GinArea’s referral link and existing BitMEX traders who opt in, with rewards processed immediately upon reaching each threshold and finalized within 10 days after the campaign ends.

BitMEX “Fee Matching” Offer — Derivatives Only

BitMEX will match your derivatives trading feesfrom select competitor exchanges for new or returning users who haven’t traded on BitMEX since 1 Jan 2024 .

To apply, email support@bitmex.com with your BitMEX Account ID plus a dated screenshot showing the competitor’s fee schedule and your last 30-day volume.

Fees are matched under the same thresholds/conditions as the originating exchange and are limited to venues in BitMEX Price Indices: Binance, Bitfinex, Bybit, Coinbase, Gateio, Huobi, Itbit, Kraken, Kucoin, LBank, OKX .

BitMEX Fee Matching Offer page
Landing page of the BitMEX “Fee Matching” offer detailing conditions for matching trading fees across supported markets

Aminimum $1,000 total volume (maker/taker) is required to activate the new fees; validation typically <72h, and the schedule is reviewed after 60 days against BitMEX tiers. Floors apply: ≥0.015% maker and ≥0.020% taker ; one participation per user.

As an extra, you can earn up to 5,000 BMEX for referrals, plus up to 20% revenue share (per referral terms).

BitMEX x Unblinked Campaign – Up to 100,000 USDT in Rebates

From 27 May to 30 September 2025, BitMEX is partnering with Unblinked to run a high-volume trading campaign with total rebates of up to 100,000 USDT.

Participants who connect through the Unblinked software and place derivatives trades on BitMEX can unlock tiered rewards, starting from 50 USDT at $500,000 in trading volume and scaling up to 100,000 USDT at $1 billion. 

BitMEX x Unblinked campaign page
Landing page of the BitMEX x Unblinked Campaign presenting partnership details and trading incentives for participants

Rewards are credited directly to BitMEX wallets as soon as each threshold is reached and can be monitored in real time via the Missions page.

Traders surpassing $50 million in volume during the campaign will also be eligible for VIP fee rates for three months, including a taker fee of 0.03% , a maker fee of 0.005%, and higher rate limits.

Qualifying users will be contacted by the BitMEX sales team, or they can reach out directly via partnerships@bitmex.com. This campaign is open to all verified accounts, with USDT deposits processed instantly once milestones are met.

BitMEX Affiliate Programme – Up to 60% Lifetime Commissions

BitMEX runs one of the industry’s oldest and most established referral programmes, first launched in 2014. Affiliates can earn up to 60% commission – with lifetime payouts – by promoting the platform and inviting new traders.

Applications take only a few minutes, are reviewed within 24 hours, and affiliates gain access to a dedicated dashboard to create custom referral links, track performance, and receive daily payouts.

The programme is designed for content creators, community leaders, trading groups, and BitMEX enthusiasts, offering scalable commissions and exclusive privileges such as dedicated account managers, customisable campaigns, free Guilds access, and VIP BitMEX merchandise.

BitMEX Affiliate Programme page
Landing page of the BitMEX Affiliate Programme outlining commission structure and partnership opportunities for affiliates

High-performing affiliates may also receive support for hosting local events and promoting unique BitMEX products such as Guilds, Margin+, welcome offers, and trading bots.

With a proven legacy, reliable payouts, and strong support infrastructure, the BitMEX Affiliate Programme remains one of the most competitive opportunities for those looking to monetise their networks in the crypto trading space.

Support Options and Schedule

BitMEX offers the same level of support services as most of other crypto platforms in the industry, with3 main contact channels:

  • Live Chat: Available for everyone on the website;
  • Email: support@bitmex.com;
  • Ticket: Submittable via the "Contact Support" page.
BitMEX support ticket submission page
Ticket submission interface on BitMEX, allowing users to contact support and track inquiry status

The company offers its support services in English, Chinese, Turkish, and Russian, 24/7.

Copy Trading and Other Investment Services on BitMEX Exchange

One of the attractive additional features in the crypto exchanges industry is the possibility to earn passive income besides the profits from trading.

BitMEX trading bots page
Overview of automated trading bots on BitMEX, showing integration options for algorithmic strategies and API connections

The mentioned exchange provides access to "bots" as a way of automating the trading process and making passive profits through it.

The platform lists bots with essential statistics and parameters. You can filter the list based on the contract type, direction, interval, strategy, indicator, and creator.

Which Countries and Regions are Restricted from the Exchange's services?

The company offers its services to most regions across the globe, but some countries are banned from the exchange's services. Here is a list of some of these regions:

  • United States
  • Cuba
  • Iran
  • Syria
  • North Korea
  • Crimea and Sevastopol
  • Seychelles
  • Bermuda
  • Hong Kong SAR
  • Canada
  • Myanmar
  • Russia
  • And more
BitMEX restricted regions
List of countries and regions that are restricted from BitMEX's services

BitMEX vs Other Exchanges

The table below compares BitMEX features with other crypto exchanges:

Features

BitMEX Exchange

Binance Exchange

Bybit Exchange

LBank Exchange

Number of Assets

110+

400+

1300+

700+

Maximum Leverage

1:100

1:125

1:100

1:125

Minimum Deposit

10 USDT

$1

Varies by Cryptocurrency

N/A

Spot Maker Fee

0.045% - 0.1%

From 0.02% Maker, 0.04% Taker

From 0.015% Maker, 0.005% Taker

0.1%

Spot Taker Fee

0.045% - 0.1%

Yes

Yes

0.1%

Mandatory KYC

Yes

Yes

Yes

Yes

Futures Trading

Yes

Yes

Yes

Yes

Mobile Application

Yes

Yes

Yes

Yes

Fiat Payment

No

Yes

Yes

Yes

Staking

No

Yes

Yes

Yes

Copy Trading

YesYesYesYes

Writer's Final Words

BitMEX charges fees ranging from 0.045% to 0.1% for spot trading and commissions in the range of 0.032% to 0.05%.

The fee is dependent on the user's trading volume in the last 30 days. All users on this platform must complete the verification and there's no tier system for KYC.

FAQs

Does BitMEX allow crypto trading without going through the KYC process?

No, all users in this exchange are required to verify their identity.

How many coins/tokens are available on BitMEX?

Over 110 digital assets are offered.

Are trading bots offered on BitMEX?

Yes, the exchange provides bots for the automation of trading.

What is BitMEX and when was it founded?

BitMEX is a cryptocurrency exchange launched in 2014 by Arthur Hayes, Samuel Reed, and Ben Delo. It specializes in derivatives and margin trading.

Is BitMEX regulated?

BitMEX is operated by HDR Global Trading Limited and is registered in Seychelles, but it is not under any major regulatory body like the SEC or FCA.

Does BitMEX support fiat currency deposits?

No, BitMEX is a crypto-only exchange. All deposits and withdrawals are made in Bitcoin (BTC) or Tether (USDT).

What is the minimum deposit on BitMEX?

The minimum deposit depends on the asset. For USDT, it's 10 USDT.

What trading products does BitMEX offer?

BitMEX offers spot, futures, and perpetual contracts with up to 100x leverage on supported assets.

What are BitMEX’s trading fees?

Spot trading fees range from 0.045% to 0.1%, and derivatives trading fees go from 0.015% to 0.05% depending on your volume or BMEX staking.

Does BitMEX require KYC verification?

Yes, mandatory KYC is required for all users. You must submit identity documents and complete a verification questionnaire.

What is the maximum leverage on BitMEX?

BitMEX offers up to 100x leverage on select futures contracts, including Bitcoin.

What cryptocurrencies can I trade on BitMEX?

You can trade 110+ tokens, including BTC, ETH, LTC, XRP, and AVAX, mostly in derivatives markets.

What withdrawal methods are supported?

Withdrawals are processed in Bitcoin (BTC) only. The platform does not support fiat withdrawals.

How does BitMEX ensure asset security?

BitMEX uses cold wallet storage, multi-signature protocols, and manual withdrawal reviews, and has never lost user funds since launch.

Are there any trading tiers or VIP levels?

BitMEX doesn’t offer traditional user levels, but high-volume traders receive fee discounts based on 30-day volume.

Which countries are restricted from BitMEX?

BitMEX restricts users from the US, Canada, Iran, North Korea, Russia, and other regions due to regulatory reasons.

What customer support channels does BitMEX offer?

Support is available 24/7 via live chat, email, and support ticket. Multilingual service is also provided.

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