Trading cryptocurrency is the order of the day. Almost everyone is interested in trading cryptocurrencies these days. Cryptocurrency exchanges are a requisite for joining the global market of traders.
What Is Bitmix?
Bitmix is a cryptocurrency exchange that was founded in 2014 by HDR Global Trading Limited. It is registered in Seychelles but operates in Hong Kong. Considering market volume, Bitmix is one of the largest Bitcoin trading exchanges in the world.
How it Works
BitMex only accepts Bitcoin deposits, but the deposits can be used to purchase other cryptocurrencies. The exchange specializes in sophisticated financial operations like margin trading. It is currently not regulated in any jurisdiction.
To create a BitMex account, you’ll have to register on the website with your email address or an anonymous email address depending on what you want. You must be at least 18 years old to be able to sign up on this platform. However, USA-based traders are not allowed to use the platform. Although a US resident can bypass THE IP checks using VPN, this option is risky and can make you lose your account. It’s better to stay away from BitMex if you’re in the United States. For non-US residents, cryptocurrencies can be traded against a different fiat currencies including the Chinese Yuan, US Dollar, and Japanese Yen.
BitMex is a safe platform for traders who are not in the United States. It offers multiple-signature deposits and other schemes to keep the accounts of clients safe. It also offers 24/7 customer support to clients. The platform is ideal for professional investors and not amateurs. The user interface is rather complex and difficult to navigate for people who aren’t used to the cryptocurrency trading system. If you’re a long time trader who is looking for a new exchange to try out, BitaMex maybe worth a try.