Bitmex is a virtual currency exchange platform. This exchange is based in HongKong and allows you to gamble and you can trade in this exchange and earn good profits through the rise and fall of Bitcoin or with the fluctuations in currency. The company was founded by HDR Global Trading Limited. Bitmex is the full form for Bitcoin Mercantile Exchange. For those who do not know about it, it is essential to understand that it is one of the largest Bitcoin trading platforms that are currently in operation. The exchange possesses a daily trading volume of over 35,000 BTC.
BitMex only accepts deposits through Bitcoin. This currency can be further used to accept deposits through Bitcoin which can be further used in buying many other cryptocurrencies. Bitmex, just like other cryptocurrencies or exchanges of the day is still unregulated.
To start trading in Bitmex, one has to initially sign up or register with the exchange. To register, a person should provide an email address. Another prerequisite for registration with this trading exchange is that traders should be above the age of 18 years. There are no trading limits in this exchange.
BitMex accepts only genuine email ids of users which are not based in the USA .It does not accept USA based traders. It will send a verification mail and check for the genuineness of a user through this process. In BitMex, you can trade cryptocurrencies with multiple fiat currencies like the Japanese Yen, Chinese Yuan and the US Dollar. Users can also trade using cryptocurrencies such as Bitcoin cash, Dash, Bitcoin, Ethereum Classic, Ethereum, Monero, Litecoin ,Tezos, Ripple and Zcash.
The BitMex trading platform though very easy to use, is not suitable for beginners in the field of cryptocurrency trading. To begin trading using BitMex, a user should click on the Trade icon after registration with his email id following which all the trading icons will be displayed on the screen.
Using BitMex, investors or traders can place a variety of orders such as the Limit Order which gets fulfilled if a given price is achieved, the market order which is the order that is executed at the price of the currency in the market. This is quite a straight forward order. The Stop Limit Order which enables users to fix the price of an order etc Many other orders such as the Stop Market Order, Trailing Stop Order, Take Profit Limit Order and Take Profit Market Order can be also executed at BitMex.