It has emerged as a leading crypto exchange with high-volume. It was established by a group of talented economists, web developers, and strong-frequency traders. It was founded in the year 2014. Arthur Hayes, Samuel Reed, and Ben Delo played a key role in its formation. They sought the assistance of family and friends in financing. The popular stock exchange caters to the requirement of the crypto community. The specialty of this crypto exchange is that you will never come across any issues concerning the liquidity of your cryptocurrencies. The major currency that is traded on BitMex is Bitcoin and its future contracts. Besides Bitcoin contracts, you can also indulge in future contracts for altcoins. It may include Bitcoin Cash, Cardano, Ripple, and Litecoin. The registration process is not complicated at all at Bitmex and you need to register via your email address.
BitMex is one of the most advanced trading platforms. It is interesting to note that a large number of professional traders prefer to use BitMex. There are various reasons why traders prefer to trade on BitMex. These may include no KYC requirements, Altcoin futures, and high leverage.
BitMex will not charge any fees for deposits or withdrawals made to or from the exchange. However, you may have to shell out fees to the Bitcoin network. It fixes dynamically the lowest fees based on the network activity.
BitMex has become highly secure as it uses multi-signature wallets for both client and exchange accounts. Every withdrawal is taken care of manually and processed at a fixed time once in the whole day. Funds are preserved in offline cold storage instead of hot wallets. These unique features provide BitMex robust security infrastructure when it comes to taking care of client funds. It offers good user interface and charting tools along with high liquidity for Bitcoin spot and futures.
We have put together the ultimate beginner’s guide for understanding and investing in cryptocurrency!