BitMEX is the biggest margin trading exchange; they were the ones that made contract-based trading popular in the cryptocurrency space.
|US Residents Allowed||No|
|Withdrawal Limit Without KYC Documents||No Limits|
|Credit/Debit Card Purchases||No|
|Trading Fees||Not Fixed | See Fees|
Start and Founders
BitMEX was founded in 2014 by Arthur Hayes, Ben Delo, and Samuel Reed.
Arthur Hayes is the current CEO, with Samuel Reed being the CTO, and Ben Delo is the CSO.
The exchange’s headquarters is located in San Francisco, California.
You can add two-factor authentication to protect your account — which we highly suggest.
The exchange has an insurance fund to cover losses in case there is a malfunction or a hack — please note that this is not used to bail out your losing trades.
The combined total loss could be bigger than the insurance fund can cover, so please do not store your cryptocurrencies on an exchange.
We strongly recommend everyone to use a hardware wallet.
BitMEX’s main focus is to keep being on the top while staying hack-free, they are one of the only exchanges that only allows withdrawals once a day — so they can monitor everything manually.
Frequently Asked Questions
Pros and Cons
- The biggest exchange for margin trading
- Reasonable fees
- Gives you the ability to trade futures contracts
- Doesn’t allow US residents
- Not insured
Use one of the links in this review to receive 10% off your trading fees for the first six months.