BitMEX is a leading trading platform which was founded by Global Trading Limited in 2014. It is named so because it is one of the largest Bitcoin (BTC) trading platforms with daily trading volume of over 35,000 BTC. BitMEX only accepts the deposits through Bitcoin which can be used to buy various other cryptocurrencies. The platform allows its users to trade digital currencies against a number of fiat currencies like US dollar, Chinese Yuan and Japanese Yen. It allows the trading in a number of different cryptocurrencies like Bitcoin (BTC), Bitcoin Cash, Ethereum (ETH), DASH, Litecoin (LTC), Ethereum classic (ETC), Ripple (XRP), Monero (XMR), Tezos (XTZ), and Zcash (ZEC). The trading platform for the BitMEX is very intuitive; however, it is not for the beginners. It allows its users to leverage up to 100 times on certain contracts. BitMEX also offers prediction based contracts called as Binary series contracts. Binary series contracts are traded with 0% maker fee, 0.25% taker fee, 0.25% settlement fee along with no leverage. BitMEX does not charge a fee on deposits and withdrawals. BitMEX offers no limitation of the withdrawals when the withdrawals are in Bitcoin only. BitMEX had strong security levels and utilized Amazon Web Services to protect its server. The platform provides a wide range of tools. Therefore, it is very suitable for experienced traders.
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