Bitcoin was the first cryptocurrency to ever have been traded on any exchange, many platforms still trade the currency today. BitMEX is an international cryptocurrency exchange that was launched in 2014 by HDR Global Trading Ltd. A trading platform with high trading volumes will also have high liquidity of assets. High liquidity is a sign of a good platform, BitMEX offers margin trading, with leverage up to 100x on Bitcoin. Bitcoin is the only cryptocurrency that offers the full 100x, with Ethereum offering up to 50x and Litecoin up to 33.3x
One of BitMEX’s strength is its focus on security. To date there have been no hacks or major security breaches and the withdrawals are processed by hand once a day for an added layer of security. All deposit addresses sent by the BitMEX system are verified by an external service to ensure they contain the keys controlled by the founders. If the public keys do not match, the system is shut down immediately and trading is halted.
BitMEX trading platform is written in the coumn-store database kdb . This is the same type of database that many banks use in their high-frequency trading platforms. The BitMEX platform is extremely fast and reliable
BitMEX only charges the network fee when making withdrawals. This is a very strong competitive edge in the market and really distinguishes BitMEX from most other top crypto exchanges
BitMEX does not accept any other deposit method than cryptocurrencies. if you are a new crypto investor and you wish to start trading at BitMEX, you will have to purchase cryptos from another exchange first and then deposit them at BitMEX.
BitMEX Testnet is a service built on the Bitcoin testnet providing a realistic environment for traders to test their trading skills, devise new strategies or just see how the real BitMEX trading platform works.The customizable user interface looks exactly like the real thing so every newbie can see how it is to navigate through BitMEX’s options.
- Realistic market environment
- Simple account creation
- XBT faucets can prolong the simulation
- Supports all BitMEX trading products