BitMEX logotype


4.2 from 140 vote[s]
Cryptos Supported (1)


Taker fee


Maker fee


Withdrawal fee

Bitcoin Logo 0.00049

Funding methods

Wire Transfer


Credit Card




US Investors Permitted


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BitMEX Review

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 BitMEX consists of four parts: general information, fees, deposit methods and security.

General Information

BitMEX’s domicile country is the Seychelles. It is the world’s most liquid exchange. However, there are many new derivatives exchanges out there today and you can be quite sure that they all take care of their customers more than BitMEX. BitMEX has a very poor reputation when it comes to customer support. We would recommend any of the following exchanges: PrimeXBT, BaseFEX or Bybit.

If you set aside the poor customer support, BitMEX has truly impressive numbers:

BitMEX Numbers

US-investors may not trade here, at least not today. So, if you’re an investor based in the US and you’re looking for a cryptocurrency exchange, use our Exchange Finder to find out which alternatives you have.

Trading Platform

BitMEX trading platform is written in the coumn-store database kdb+. This is the same type of database that many banks use in their high-frequency trading platforms. Partly pursuant to this, the BitMEX platform is extremely fast and reliable. Much more so than many of its competitors, e.g. Poloniex. This is how their trading view looks:

BitMEX Trading View

From our perspective, the trading view makes sense. You have the diagrams in the middle, the history to the right, and the current order book to the left. It’s an easy overview. Also, this exchange’s mobile implementation is fully-fledged. The picture above is the standard setting but you can also activate the “night mode” if that is more soothing to your eyes or your experience.

Leveraged Trading

BitMEX also offers leveraged trading. On BTC, you can get leveraged maximum 100x (on spot and futures), both when going long and going short. This can lead to massive returns but – on the contrary – also to massive losses.

For instance, let’s say that you have 10,000 USD on your trading account and bet 100 USD on BTC going long (i.e., increasing in value). You do so with 100x leverage. If BTC then increases in value with 10%, if you had only bet 100 USD, you would have earned 10 USD. As you bet 100 USD with 100x leverage, you have instead earned an additional 1,000 USD (990 USD more than if you had not leveraged your deal). On the other hand, if BTC decreases in value with 10%, you have lost 1,000 USD (990 USD more than if you had not leveraged your deal). So, as you might imagine, there is potential for huge upside but also for huge downside…

BitMEX Fees

BitMEX’s fees consist of deposit fees, trading fees and withdrawal fees.

Deposit fees vary dependent upon how you deposit.

Trading fees are 0.075% of the total order value for takers, but makers get paid 0.025% for making trades. Trading fees for makers is thus -0.025%.

Withdrawal fees correspond to the network fees (approx. 0.000154 BTC for BTC-withdrawals).

BitMEX Trading fees

Always check the trading fees! Before reading the below information it can be worth clarifying the following: what is a taker fee, and what is a maker fee? As your No. 1 trading cryptocurrency guide, we will help you with that.

Every trade occurs between two parties: the maker, whose order exists on the order book prior to the trade, and the taker, who places the order that matches (or “takes”) the maker’s order. We call makers “makers” because their orders make the liquidity in a market. Takers are the ones who remove this liquidity by matching makers’ orders with their own. The maker-taker model encourages market liquidity by rewarding the makers of that liquidity with a fee discount. It also results in a tighter market spread due to the increased incentive for makers to outbid each other.

BitMEX’s trading fees for takers are 0.075% which is extremely low. This fee is materially below the industry average which is around 0.25% and thus constitutes a strong competitive advantage for BitMEX against the majority of other top crypto exchanges. But that isn’t enough… BitMEX pays you for making maker orders (!). They have a negative fee for makers. So if you make a maker order worth USD 100,000 which is picked up by a taker, you get paid USD 25 for providing the liquidity. Sure, USD 25 isn’t that much for an order of that size, but still, you get paid! We are extremely impressed by this.

It should be clarified here that BitMEX – unlike most cryptocurrency exchanges – mainly focuses on option trading. They divide their fees into the following option contract groups: perpetual contracts, traditional futures, upside profit contracts and downside profit contracts. Fees are set as follows in those different groups:

BitMEX Contract Categories and Fees

BitMEX Withdrawal fees

OK, you have read this far and you understand the trading fees of this exchange. But wait, there’s more you need to look out for! One very important fee that people easily forget is the withdrawal fee. Let’s say you trade at a top crypto exchange with trading fees that are competitive enough. You have met your investment goals and you are looking to buy house with bitcoin. But in order to buy the house, you need to withdraw the funds. And BAM! – the exchange can make up for its low trading fees at one fell swoop.

Well, not BitMEX. BitMEX only charges the network fee when making withdrawals. This is a very strong competitive edge in the market and really distinguishes BitMEX from most other top crypto exchanges.

Deposit Methods

BitMEX does not accept any other deposit method than cryptocurrencies. So, if you are a new crypto investor and you wish to start trading at BitMEX, you will have to purchase cryptos from another exchange first and then deposit them at BitMEX.

BitMEX Security

One might ask why security is even a feature that we at Cryptowisser have looked for at the different top crypto exchanges. Two reasons:

  • Exchanges store a massive amount of valuable personally identifiable information. From names to addresses, to government identification details, taxpayer identification number and a lot more; and
  • Exchanges handle of course a lot of cash or coin deposits and withdrawals.

Our security score is the result of testing the webpage of each exchange at Observatory by Mozilla ( which has helped over 125,000 websites by teaching developers, system administrators, and security professionals how configure their sites safely and securely.

BitMEX’s security score is A+, when performing the test at Observatory by Mozilla (


Low trading fees are indeed very important for any prospective cryptocurrency investor. All of the following exchanges also – like the above exchange – have very low trading fees (some of them don’t even charge trading fees at all):

  1. Indodax
  2. Liquid
  3. Coincheck
  4. Bitbank
  5. Bilaxy
  6. Escodex
  7. XCH4NGE
  8. CryptalDash
  9. Crex24
  10. Allbit

BitMEX compared with other cryptocurrency exchanges