FAQs
BitMEX Review Conclusion
But the ongoing complaints, scandals, clear misconduct, unethical practices, and investigations speak for themselves: BitMEX is a risky exchange with a history that suggests it doesn't put its users first.
What is the highest leverage on BitMEX? ›
The highest leverage BitMEX offers is up to 100x leverage on its Perpetual Bitcoin / USD Perpetual Contract.
What does BitMEX offer? ›
BitMEX offers Perpetual Contracts and Futures. As opposed to futures, perpetual contracts do not have an expiry date and thus do not have a settlement. Perpetual Contracts have a Funding Rate that occurs every 8 hours. Users who hold a position over the funding timestamp either pay or receive funding.
Does BitMEX allow US customers? ›
It's important to note that BitMEX isn't available to U.S. users. The exchange also does not provide services to customers in Cuba, Crimea and Sevastopol, Iran, Syria, North Korea, and Sudan.
Did the founder of BitMEX go to jail? ›
Arthur Hayes was sentenced to serve six months of house arrest and two years probation for violating anti-money-laundering law.
What countries are banned from BitMEX? ›
Access to trading or holding positions on BitMEX is prohibited for any person or entity that is located, incorporated or otherwise established in, or a citizen or a resident of: (i) the United States of America, Québec (Canada), the Hong Kong Special Administrative Region of the People's Republic of China, the Republic ...
What leverage is good for $100? ›
The best leverage for $100 forex account is 1:100.
Many professional traders also recommend this leverage ratio. If your leverage is 1:100, it means for every $1, your broker gives you $100. So if your trading balance is $100, you can trade $10,000 ($100*100).
What leverage is good for $300? ›
$300 is the minimum amount of money required in a mini lot account, and the best leverage on this account is 1:200. This would mean you will have $60,000 to trade with. Other leverage you can use in forex trading include; 1:50.
What is the best leverage for $5? ›
A leverage of 50 to 100 should be good for such a small account. This means you would be trading with 50 to 100 times the amount you have in your account, which allows for reasonable risk management while still providing enough capital efficiency to trade micro lots (0.01 or 0.02).
Who owns BitMEX? ›
BitMEX and the mobile apps issued under BMEX are wholly owned and operated by HDR Global Trading Limited, a Republic of Seychelles incorporated entity or its relevant authorised affiliates.
Withdrawals are processed in real-time, unless it requires manual review. In that case, it can take up to an hour. Your withdrawal is being processed by our system and will be sent out shortly.
What country is BitMEX located in? ›
BitMEX is a cryptocurrency exchange and derivative trading platform. It is owned and operated by HDR Global Trading Limited, which is registered in the Seychelles. BitMEX offers a variety of cryptocurrency-based financial products, including perpetual contracts, futures contracts, and options contracts.
Who is the competitor of BitMEX? ›
The best overall BitMEX alternative is Binance.
What is the penalty for BitMEX? ›
Pursuant to the CONSENT, BitMEX agrees to pay a civil penalty in the amount of $100 million and to comply with the Undertakings set forth below. The CONSENT is incorporated into this ASSESSMENT OF CIVIL MONEY PENALTY (ASSESSMENT) as if fully set forth herein. 1. The BSA is codified at 12 U.S.C.
Does BitMEX require KYC? ›
For example, BitMEX formally incorporated in the Seychelles, a jurisdiction that BitMEX believed had less stringent regulation. However, BitMEX continued to Page 7 7 serve U.S. customers and operate within the United States, making it subject to AML and KYC requirements. 21.
What country is BitMEX from? ›
BitMEX and the mobile apps issued under BMEX are wholly owned and operated by HDR Global Trading Limited, a Republic of Seychelles incorporated entity or its relevant authorised affiliates.
Is BitMEX better than Binance? ›
It's great for spot trading with lower fees and diverse features. BitMEX suits advanced traders focused on Bitcoin futures, offering high-leverage trading up to 100x on specific contracts. Binance is best for general crypto trading, while BitMEX specializes in derivatives for higher-risk strategies.
How long does BitMEX withdrawal take? ›
Withdrawals are processed in real-time, unless it requires manual review. In that case, it can take up to an hour. Your withdrawal is being processed by our system and will be sent out shortly.
What is BitMEX best known for? ›
Founded in 2014, BitMEX is the leading cryptocurrency exchange for derivatives and inventor of the 100x leverage perpetual swap.
