Description

Update

BitMEX (Bitcoin Mercantile Exchange) is the world's most advanced Bitcoin derivatives exchange and API. BitMEX offers up to 50x leverage, low fees, multiple futures type, and is the only exchange built by financial programmers with international banking experience.


Reviews

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- March 22, 2017
starstarstarstarstar Their system liquidated my entire deposit and the SUPPORT team has stopped answering!!! WTF is going on here?? Market did not reach BELOW 1000 where my trigger price is yet their mark price system hunts my order??
- March 20, 2017
starstarstarstarstar Bitmex fees are exorbitant and will eat you alive over time. Be careful!
- March 18, 2017
starstarstarstarstar 0.075% fee on entry as taker at 100x takes down 7.5% of my equity / real balance on the trade. Compare versus OkCoin futures at max leverage I'm down 0.03% x 20 = 0.6%. meaning Bitmex is 1250% (7.5/0.6) more expensive than OkCOIN.
However it seems most users are unaware of the real fees they are paying while using them. This is a first class sham operation

- March 17, 2017
starstarstarstarstar Please stay away from this scam. They list fees as 0.075% per order execution, what they don't tell you is that this is actually 7.5% when you use 100x leverage, which is what people use Bitmex for. If you exit you also pay 7.5% fee for a total of 15% fee. Many traders are using bitmex and unaware of this simple fact because Bitmex does not mention it. Because they are unregulated they omit it and rely on many beginners, attracted by the high leverage, to deposit and trade while being unaware of this.
In the regulated world this is strictly prohibited as protection for the uninformed investor. Brokers are required to make fees and charges explicitly clear. Please stay away from this scam operation.

- March 17, 2017
starstarstarstarstar BANNED and censored from their chat room for listing OKCoin's much lower fees as an alternative to them! Be aware with who you're dealing with here!! They depend on uninformed traders to keep their place running!! Shame on them!!
Proof: http://imgur.com/a/lDd2y

- March 15, 2017
starstarstarstarstar Bitmex stole my money and their support is no answer.!! How is liquidated in not even 1 minute atfer i place order for trade? How i start negative -10% and market not moving?
- March 14, 2017
starstarstarstarstar BITMEX SUPPORT WHERE ARE MY COINS???
Please do not using this scam!! I got liquidated at a price the market was never at and lost all my deposit, and now their support people arent Answering my emails, theyre ignoring me. 3.5BTC gone for no reason other than they moved their price to stop out my positions. this is fucking unbelievable

- March 12, 2017
starstarstarstarstar Buy some bitcoins TODAY and transfer them to your wallet as you please! You can buy BTC with credit card or use a different payment option. NO ID and NO VERIFICATION needed!
Special discount with my LIMITED TIME referral link: https://www.buysomebitcoins.com/?wYn

- March 11, 2017
starstarstarstarstar Bitmex is a pure and simple scam. The mark price that they control moves well above or below the real market price to liquidate a huge number of positions before price drops or rises. Amateur and illiquid exchange. I was a fool to even try them.
- March 11, 2017
starstarstarstarstar Shit performance during and after ETF announcement. horrible response time and lag for order placement. was my first time trying it, never again. amateur platform and the support staff is not responding to my pleas to refund me which makes me extremely angry. I hit short at the very top above 1300, I had set up bots to track the announcement down to the millisecond. order executed at 1108 FUCKING $200 UNDER MY ENTRY PRICE. FUCK BITMEX AND THEIR SHIT SERVICE
- March 10, 2017
starstarstarstarstar HOW THE FUCK DID MY SHORT GET LIQUIDATED AT 1400????? SUPPORT ANSWER
- March 10, 2017
starstarstarstarstar this is not good place for trade. make liquidation direct on order with 21% negative in when first submit the trade.
- March 10, 2017
starstarstarstarstar i just started using bitmex and really dig it... these people writing 1 star reviews are all noobs or just really stupid...
im no professional trader or anything, im just getting the hang of this.. and even i'm making money off this baby......lol y'all butthurt!!!!!
p.s.: im not american

- March 9, 2017
starstarstarstarstar Sorry to say that, but many people doing these revies are morons. I bet 90% of 1 star revies here are people that lost their money because of their bad decisions, lack of knowledge and experience. Bitmex has leverage up to 100x (*not 3x like other exchanges). This will cause many "stupid money" people to overleverage themselves driving the future's contract price way over (or under) the average price on other exchanges. The dumps may be also much deeper than on other exchanges (because when retards are getting their accounts liquidated, this causes price to drop even more - i have seen this on other exchanges with high leverage) This can can be a real dip buying opportunity for more advanced traders. They also have best web trading engine (something bit like metatrader 5) on the market.
The only thing I dont like is that non-websocket api is limited to 1 call a second, which is not much. the problem with websockets is that they are not widely supported by many programming environments. (try getting websockets running with mingw, good luck)

- March 7, 2017
starstarstarstarstar "they also add something called "fair basis" which is anything but fair (good marketing name though)."
The calculation terms are clearly outlined on the site...
"Basically opened a 100x position to get liquidated with $2 price drop. What kind of bullshit is this?"
So, you opened a position at $400? Or are you just bad at math?
"every trader in their trollbox is American"
Like, who? Can you even name one?

- March 5, 2017
starstarstarstarstar Bitmex uses a "mark price" of their own making that they can pretty much move however they want to trigger stops, liquidations, etc.
The mark price follows an index that can be calculated, BUT they also add something called "fair basis" which is anything but fair (good marketing name though). The fair basis they pretty much move however they want. When there's a quick move in the market, those on the wrong side will get liquidated even BEFORE their liquidation price if there's lack of liquidity in the books, which there often is, and those who WIN will have their losses cut to cover for the losers they were unable to deal with.
Basically opened a 100x position to get liquidated with $2 price drop. What kind of bullshit is this?

- March 4, 2017
starstarstarstarstar They don't allow Americans but every trader in their trollbox is American? likely crackdown by US government...
- March 2, 2017
starstarstarstarstar Mark price is straight out scam. Moved completely off market price to trigger liquidation of whole positions. "professional investors" my ass, this is a scam house, even people in the bitmex Trollbox just keep whining about this. GTFO
- February 28, 2017
starstarstarstarstar What mark price do? Close liquidation all the time?? How is based? unfair to lose money when price not reach my STOP. Not good, will not trade BitMex anymore.
- February 27, 2017
starstarstarstarstar Hey Md66, did you forget you already left a review? Oops! Bad sock, bad.

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