BitMEX Review

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BitMEX Review with fees, Swaps, Futures, Security and much more.

Bitmex Review Summary


This is a summary of our BitMEX review.

Deposit: Bitcoin

Country: Republic of Seychelles
Currency Derivatives: Bitcoin, Ethereum, Ripple, Litecoin, Dash, Ethereum Classic, Santiment, Zcash, Monero, Qtum, Tezos.

Secure: Cold storage, 2-factor login, and ID verification.
Platforms: BitMEX has an advanced web trading platform.

Support: 24/7 support on multiple channels
Pros: Good liquidity, High leverage, Advanced trading features
Cons: Not for beginners
Our recommendation: Good choice for an advanced trader or someone who wants to take the trading to a new level.

BitMEX Company


BitMEX stands for Bitcoin Mercantile Exchange. The platform is an advanced cryptocurrency derivative trading platform. BitMEX is owned by HDR Global Trading Limited. That is a Republic of Seychelles incorporated entity.

BitMEX Services


BitMEX services consist of several leveraged products.  future and SWAP contract trading. These are derivative products. BitmEX also has an insurance fund. This is like an insurance for the trader and BitMEX. This investment method involves high risk and we highly recommend you to know what you do before you start trading futures with leverage.

  • Future contracts
  • SWAP trading
  • Prediction markets
  • API
  • Insurance fund

Leverage trading involves high risk and we highly recommend you to know what you do before you start trading futures with leverage.

BitMEX Fees


BitMEX displays all their fees with full transparency.

Swap fees

Maker fee: -0.025 %

Taker fee: 0.075 %

Futures fees

Maker fee: -0.025 %

Taker fee: 0.075 %

Settlement fee: 0.05 %

BitMEX API


BitMEX offers open APIs. Every function on BitMEX is exposed via the API. Developers can have full control to build any application on the top of BitMEX.

BitMEX Futures


BitMEX offers to trade with futures contracts. A Futures Contract is a derivative product and is an agreement. The agreement is set to buy or sell a commodity, currency or another instrument at a predetermined price. The time is also specified in the future. Future contracts can be traded with leverage up to 100x.

BitMEX Swaps


BitMEX Swap Contract is a derivative product very similar to a traditional Futures Contract. However, there are a few differing specifications:

  • Swaps have no specified end time.
  • Perpetual Swaps mimic a margin-based spot market and hence trade close to the underlying reference Index Price.
    • This is in contrast to a Futures Contract which may trade at significantly different prices due to basis.
    • The primary mechanism to tether to spot price is Funding.

BitMEX Insurance Fund


BitMEX uses an insurance fund to avoid automatic liquidation by BitMEX liquidation engine. BitMEX automatic system. If the liquidation cannot be filled BitMEX automatically deleverages opposing traders’ positions by profit and leverage priority. The fund is used to aggress unfilled liquidation orders before they are taken over by the auto-deleveraging system.

BitMEX Security


Wallet Security

  • Multisignature deposit
  • Keys are protected
  • All deposit addresses are verified by an external service.
  • Withdrawals are checked
  • All deposit addresses are verified by an external service.

System Security

  • Amazon Web Services’ world-class security
  • Multiple forms of authentication to access systems.
  • Systems only communicate with each other across approved and monitored channels.

Trading Engine Security

  • BitMEX does a full risk check after each and every order placement, trade, settlement, deposit, and withdrawal.
  • At all times, all accounts in the system must sum to zero.

Communication Security

  • BitMEX provides optional PGP encryption for all automated emails. Once PGP encryption is enabled, BitMEX systems will encrypt and sign all automated emails.

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