BitMEX Bonus - Safe 10% Trading Fees

BitMEX Promo BitMEX Advanced Graphical User Interface BitMEX User Experience
BitMEX Key Information
Type (Derivatives) Exchange
Founded 2014
Company headquarter San Francisco, USA
CEO Arthur Hayes
Token coverage BTC, ETH, DASH, ETC, LTC, XMR, XRP, XTZ, ZEC
Contract options Futures, swaps, prediction
Maker fee 0.025%
Taker fee 0.075%
Settlement fee 0.05% - 0.25%
Leverage Up to 100x
Deposit fee No, BTC only
Withdrawal fee No, only network fee, BTConly
2FA Yes
App No
Has been hacked? No
Support, Reddit, Twitter, Wechat
BitMEX Advantages and Disadvantages
Pro Contra
Leader in crypto derivatives Complex interface
High leverage Not for beginners
High liquidity No fiat deposits & withdrawals
High security level of funds
Low fees
Many advanced features
Very quick website and order execution
BitMEX Registration
Country restriction United States of America
Take a look at our unique BitMEX review.
What is BitMEX?

Bitcoin Mercantile Exchange - BitMEX is a trading platform that allows you to trade Bitcoin and altcoins with leverage.

All products on BitMEX are in the form of financial derivatives.

BitMEX offers margin trading for the spot and future markets with a leverage of e.g. 100x on Bitcoin and 50x on Ethereum. It is a Bitcoin only business. Thus, traders deposit Bitcoin as a margin and all profit and loss statements are denominated in Bitcoin as well.

BitMEX is owned by HDR Global Trading Limited, incorporated in the Republic of Seychelles. CEO Arthur Hayes states that this jurisdication features no corporate tax and english common law. Additionally many foreign exchange trading businesses choose to incorporate there.

BitMEX Verification

You can start right after the BitMEX sign up where you only enter your email, country of residence and full name. There is no verification required and no account limits. Uploading your ID or a proof of address is not required to trade on BitMEX. Though, in certain cases BitMEX may require your ID for due diligence processes.

BitMEX Deposit & Withdrawal

BitMEX has no fees on any deposit or withdrawal.

Deposits can be made anytime 24/7.

When withdrawing the minimum Bitcoin Network fee is charged. This fee is set dynamically based on the load of the blockchain.

Withdrawals will be made manually at a recurring time daily. The reason being for manual withdrawals are a higher level of security in order to check for potential fraudulent activities.

BitMEX Products

BitMEX allows you to trade future contracts and perpetual swap contracts. The perpetual swaps, only available to Bitcoin, are new and innovative. They aim to replicate the underlying spot market but with enhanced leverage. The swap does not have any expiry date and is able to closely track the underlying price index. This is a unique product feature in the market which is offered by BitMEX only.

The leverage for Bitcoin futures and swaps can be set to max. 100x. The leverage of Ethereum can be set to a maximum of 50x and the one of Litecoin to 33.33x. The leverages are high compared to other crypto trading platforms.

Series Crypto Product Leverage
BTC Bitcoin future, swap 100x
BTC/YEN Bitcoin/Yen future 100x
DASH Dash future 20x
ETH Ethereum future 50x
ETC Ethereum Classic future 100x
LTC Litecoin future 33.33x
XMR Monero future 25x
XRP Ripple future 20x
XTZ Tezos future 2x
ZEC Zcash future 5x
BitMEX Fees

The maker and taker fees for swaps and futures are pretty similar. The following two tables show the detailed fees for swaps and futures.

BitMEX’s fees for the swap products look as follows:

Series Crypto Maker fee Taker fee Short/long funding
BTC Bitcoin 0.0250% 0.0750% 0.0915

The swap funding interval is every 8 hours.

BitMEX’s fees for traditional futures look as follows:

Series Crypto Maker fee Taker fee Settlement fee
BTC Bitcoin 0.0250% 0.0750% 0.0500%
BTC/YEN Bitcoin/Yen 0.0250% 0.0750% 0.0500%
DASH Dash 0.0250% 0.0750% 0.0500%
ETH Ethereum 0.0250% 0.0750% 0.0500%
ETC Ethereum Classic 0.0250% 0.0750% 0.0500%
LTC Litecoin 0.0250% 0.0750% 0.0500%
XMR Monero 0.0250% 0.0750% 0.0500%
XRP Ripple 0.0250% 0.0750% 0.0500%
XTZ Tezos 0.0000% 0.2500% 0.2500%
ZEC Zcash 0.0000% 0.2500% 0.2500%

The so called Iceberg order - a hidden order - pays the taker fee or 0.075% until the entire hidden quantity is completely executed.

BitMEX Volume

Traders at BitMEX do not have fear illiquid markets. The trading pair BTC/USD had a daily trading volume of approx. 1bn USD throughout every day in autumn 2017. Have a look at the following screenshot from to verify their great liquidity status:

BitMEX Liquidity
BitMEX Security

One of the major strengths of BitMEX is their focus on security.

All BitMEX addresses are multisig, thus they can only be accessed by a majority of BitMEX partners. Even if the platform would be fully compromised, including the database, servers and their trading engine, there would not be enough keys for an attacker to access or steal the funds.

Every withdraw is checked manually by at least two BitMEX employees. The cloud server does not keep any private keys.

The deposit addresses provided by BitMEX are verified by an external service to ensure they contain the keys controlled by BitMEX partners. In case that a public key does not match, the system would be shut down and trading would stop.

The systems of BitMEX run on Amazon Web Service and the authentication to access them requires multiple forms such as hardware tokens.

The trading engine is written in kdb+. It is a database that is usually used by major banks and sophisticated trading tools. This is also one of the reason why trading on BitMEX is that quick.

BitMEX monitors every trade and they stop trading immediately for all users if system sum of trades is not zero.

Under BitMEX “my account” you can activate the PGP encryption for all automated emails.

There have never been any hacks or major scam reports on BitMEX up to date.

BitMEX User Interface

The interface looks good on first sight, however it is very complex for beginners.

For more advanced traders BitMEX is a heaven with several tools they can make use of. It replaces several third party tools which traders use by the way.

You can even activate the “advance UI” feature for more tools and a pleasing “night-mode”. There are just a few cryptocurrency exchanges that make use of a built-in full featured TradingView charting.

The website is extremely fast (due to their kdb+ trading engine) and orders get executed instantly.

BitMEX Support

The email support of BitMEX can be reached via

Support is also offered through the BitMEX Twitter and the BitMEX Reddit.

The Wechat ID of BitMEX is “bitmex”, their IRC server can be reached under “ #bitmex”.

Additionally you can browse through the official BitMEX FAQ where basic questions are answered. However, for a more sophisticated support we recommend to use their ticket system or their email support.

BitMEX Blog

The founder of BitMEX and his research team are regularly, mostly on weekly basis, publishing very interesting blog posts which are worth reading. The quality is outstanding as of our opinion. The BitMEX Blog can be found here.

Get started with BitMEX
BitMEX Exchange Features Overview
10% Off in trading fees

After clicking our BitMEX referral link (blue button right upper corner “Sign Up Now” or the blue button below) you will get forwarded to the BitMEX website and its registration form.

There you will see a green window stating the BitMEX benefit you get for signing up with us: “[...] 10% fee discount for the first six months”.

How to Sign Up on BitMEX

Enter your details and click register.

Every fee you pay on BitMEX will be lowered by 10% for the first 6 months after your sign up.

We wish you best of success while trading with our BitMEX 10% discount.

Sign Up Now!
We as a BitMEX affiliate will receive a commission from referring you to the site. By gathering more sign ups under our affiliate account we strengthen our bargaining power in order to arrange even better deals for our customers. Thank you for supporting us!

BitMEX Rating

  • BitMEX Rating: 4.6/5

BitMEX is a very reliable exchange for advanced traders. The fee structure beats other competitors. It is not suitable for absolute beginners as the interface is complex. However you can turn off many advanced user interface tools.

The website and order execution is ultra quick due to their own trading engine which is used by bigger banks and brokers too.

Especially the high level of security convinced us.

Combined with our benefit of 10% off on fees for the first 6 months after registration, BitMEX is recommended by BitcoinCashback as a Top Deal!

We call it a very safe heaven for advanced and professional traders.

Sign Up Now


Rating: 4.6/5
Leader in bitcoin and cryptocurrency derivative trading.
  • Up to 100x leverage
  • Very high security
  • Very high liquidity
  • Sophisticated platform

Our benefits: Save 10%
on fees for the first 6 months after sign up.