UPDATE 20 October 2020: Today, all users of BitMesh received an email stating that they had to withdraw their assets and that BitMesh would stop operating as a trading platform. This is the exact wording of the email:
Please withdraw all your balance from BitMesh, bitmesh will stop operation as an exchange. We hereby inform all our users to withdraw their assets. Withdrawal will close after 30 days.
Consequently, we have marked this exchange as "dead" and moved it to our Exchange Graveyard.
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A trading cryptocurrency guide must provide reviews of all of the top crypto exchanges out there, so that you can find the best cryptocurrency exchange site for you. This review of BitMesh consists of four parts: general information, fees, deposit methods and security.
BitMesh is an exchange registered in the Seychelles. Out of the exchanges listed in our Exchange List, only a few others have their registration there (e.g. BitMEX, PrimeXBT, BaseFEX, Remitano, DigiFinex, BitForex and Huobi). However, the cryptocurrency market is truly global in its nature and as such the locality of the exchanges doesn’t matter that much to the users.
BitMesh offers its trading platform in mobile version as well, both IOS and Android. Mobile supports is of course very helpful for any investors that want to trade, or maybe just monitor their trades, on the go.
As far as we can tell, US-investors may trade at BitMesh. The exchange at least does not explicitly prohibit US-investors from creating accounts.
BitMesh Trading View
Different exchanges have different trading views. And there is no “this overview is the best”-view. You should yourself determine which trading view that suits you the best. What the views normally have in common is that they all show the order book or at least part of the order book, a price chart of the chosen cryptocurrency and order history. They normally also have buy and sell-boxes. Before you choose an exchange, try to have a look at the trading view so that you can ascertain that it feels right to you. The below is a picture of the trading view at BitMesh:
BitMesh Trading fees
Many exchanges charge what we call taker fees, from the takers, and what we call maker fees, from the makers. The main alternative to this is to simply charge “flat” fees. Flat fees mean that the exchange charges the taker and the maker the same fee.
This exchange charges a flat fee of 0.20% per trade. This is slightly below the global industry average (arguably 0.25%). So with respect to the trading fees, BitMesh has a competitive offering.
BitMesh Withdrawal fees
There are exchanges out there that charge low trading fees and then hit you with high withdrawal fees. Because once you’re in, you can’t get out without paying withdrawal fees. This exchange, however, is on the opposite side of the spectrum. They only charge the network fees when you execute a transaction. The global industry BTC-withdrawal fee is 0.000812 BTC per withdrawal. The network fees vary from day to day but are roughly 15-20% of the global industry average BTC-withdrawal fee.
Accordingly, when it comes to the withdrawal fee, this exchange is very competitive.
Here’s a table showing the minimum deposits and withdrawals of all the cryptos supported by BitMesh:
BitMesh does not accept any deposits of fiat currency. This means that the new crypto investors (i.e., the investors without any previous holdings of crypto) can’t trade here. In order to purchase your first cryptos, you need a so called entry-level exchange, which is an exchange accepting deposits of fiat currency. Find one by using our Exchange Finder!