Cryptocurrency Exchange BitMEX

BitMEX is a Peer-to-Peer Trading Platform that offers leveraged contracts that are bought and sold in Bitcoin. BitMEX only handles Bitcoin. All profit and loss is in Bitcoin, even if you’re buying and selling altcoin contracts. BitMEX does not handle fiat currency. BitMEX allows trading with a high amount of leverage.

There are 5 main navigation tabs of BitMEX:

• Trade: The trading dashboard of BitMEX. Here you can select the instrument you wish to trade, select leverage, place and cancel orders, view important information in the contract details and see your position information.
• Account: This tab displays all your account information such as current Bitcoin Available Margin Balances, Deposit and Withdrawal information, Trade History and Affiliate information.
• Contracts: This is an important tab for information related to the instruments such as the Funding History, minimum contract sizes, leverage offered, expiry, Funding, underlying reference Price Index data, Settlement History and a few other pages relevant for a trader.
• References: This is the education corner of BitMEX. Here you can learn about Futures, Perpetual Contracts, how positions are Marked, when and how Liquidation occurs, BitMEX Fees, Support and other informative material to help you understand the Exchange.
• API: Here you will be able to find out information pertaining to developing and maintaining an API connection with BitMEX. We offer a fully featured REST API and a powerful streaming WebSocket API.

Trading on BitMEX may be a new experience for some users given the products offered and product types. To see the main differences between BitMEX and other competitors please click here. Traders should be aware of the Margin Terminology used on BitMEX. For the type of orders you can place on BitMEX please see our Order Type FAQ.

BitMEX offers up to 100x leverage on some of its products. This means that you can buy as much as 100 Bitcoin of contracts with only 1 Bitcoin to back it. But be careful - with high leverage comes accelerated profit, but also the potential for accelerated loss. BitMEX employs Auto Deleveraging which means that in some rare cases, leveraged positions in profit may be reduced during certain time periods if a liquidated order cannot be executed in the market.