Bitmex Review 2021: Scam or Legit?

by vaibhav
Updated on

In the crypto world, Bitmex is a popular trading platform. It offers leveraged contracts up to 100x on Bitcoin and Ethereum. However, there are many concerns about safety with this unregulated exchange that creates such large profits for users by taking fees in their own native tokens rather than traditional currency like dollars or euros

The “bitmex review reddit” is a product that has been around for quite some time. It doesn’t seem like it’s going to die anytime soon, but there are still many questions that need answering.

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. Traders will be able to fine-tune their trading edge using TradingView’s sophisticated trading tools 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.

Bitmex is a cryptocurrency trading platform that has been around since 2014. It was created by the same people who created Bitfinex and Ethfinex. At first, it seemed like a legitimate trading platform with low fees and good customer service. However, in 2018, it became clear that this company had shady practices. If you want to know if this is a scam or not, read my review of Bitmex for more information. Reference: bitmex fees.

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