Bitmex Review 2021: Scam or Legit?

by vaibhav
Updated on

Bitmex is a cryptocurrency trading platform, but has fallen under scrutiny due to its unrealistic claims. BitMEX was accused of faking 1 million Bitcoin in assets and users were also concerned about the quality of customer service. This review will cover what makes this trading platform unique for traders looking for an experience similar to traditional markets without having to deal with the hassle of connecting wirelessly or manually withdrawing funds from their bank accounts.,

Bitmex is a cryptocurrency trading platform that allows users to trade Bitcoin, Ethereum, and Litecoin. Bitmex has been the subject of many scams and accusations of being a scam. However, there are some people who claim that Bitmex is legit. Read more in detail here: bitmex review reddit.

Bitmex Review 2021: Scam or Legit?

The interface is one of the most important features for bitcoin traders. When you first log in to BitMEX, you’ll see how well-designed and user-friendly the trading interface is.

The top bar is static and provides rapid access to the ‘Trade’ window, ‘Accounts,’ and ‘Contract’ data, among other things. In compared to modern exchanges such as Bybit, the UI looks to be a little dated.

The charting software TradingView offers is noted for its smooth, straightforward, and responsive charts. TradingView’s sophisticated trading tools will allow traders to fine-tune their trading edge in order to maximize profits while minimizing risk.

BitMEX charts include a variety of time periods and tools for drawing trend lines, adding indicators, and creating chart patterns in order to effectively time a market, limit, or stop order.

Active positions are shown at the bottom and are easily accessible. The asset, entry price, position size, margin, and unrealized P&L are displayed in real-time and updated. Pending orders can be seen by clicking on the ‘Active Orders’ tab, allowing you to review, edit, or delete the order.

More experienced traders will benefit from the market order book and depth chart on the left. The margin calculator on BitMEX is also useful for risk management.

The “bitmex reddit” is a place where people can share their thoughts on the platform. People are saying that it is a scam, while others say that it is legit.

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