The cryptocurrency market is expected to grow by a whopping 1.4 billion by 2024. It is the future. There is no way but up for the digital market. When it comes to cryptocurrency exchanges there is a surplus of options and it is quite possible to be confused over which one to choose. In a highly volatile market as the crypto market, you would want nothing but the best platform for your trades online. When you have the chances of losing it all away- why take the second best? Choose nothing but the best, and that is what Bitmex(aka Bitcoin Mercantile exchange) offers.
With 140 BTC traded in a single day, BitMex currently holds the record for the largest amount of Bitcoin trade in a single day. It is reported that BitMex annual national trading volume accounts for 1 Trillion. BitMex is the largest trading platform of its kind, triumphing over its competitors by a large margin. With years of experience in the business, Bitmex offers its traders a plethora of facilities and advantages which are simply unmatched in this space.
Bitmex currently offers the following orders:
- Limit Order
- Stop Limit order
- Market order
- Stop Market Order
- Trailing Stop order
- Take Profit Limit order
- Take Profit Market order
Margin trading is offered on all of the Cryptocurrencies listed on their website. Trade with futures and Derivatives is also available.
Why Join a Trade Group(Bitmex)?
The answer, is simple: If you are a musician you would want to be taught by the best instructor who would guide you and hone you; and surrounding yourself with other musicians will also expose you to different techniques and talent honing your artistry; In the same way, if you are a trader, you should most positively be surrounded yourself with people who have more expertise. In a high-risk high-reward market as the crypto market, joining a trade group such as Bitmex is almost non-negotiable.
With Bitmex you would have access to a 24/7 customer care through their various communication channels which is unheard of in this space. Joining a Trading group only increases your portfolio – more money, efficient and quick learning on how to trade with the guidance of a specialist and seasoned traders, more resources and you will be in communication with other traders with whom you can share and receive Intel. You will learn and grow better together.
Bitmex Advantage: Why Bitmex?
This is the easiest way to make millions or just more money. Bitmex offers 100x leverage which is the highest in the market. It simply means if you have USD 3000 you can triple that amount by leverage trading. Traders prefer to use leverage trading because it allows them to take positions that are much larger than the current assets that they have.
Basically, it means that you have the luxury of betting more and also profiting more than what you actually have. The higher you go, the more chances you have of making more money. This is the main reason why most seasoned and experienced traders prefer Bitmex almost universally.
Learning to trade with leverage will set you on the path of becoming a millionaire. When it comes to leverage trading it is essential to learn quickly but efficiently. But do keep this in mind: you can gain millions but you can also lose millions the same way. Bitmex group of traders with unmatched expertise will give you the necessary tools and guidance to maximize your chances of profits.
Bitmex users are currently unable to use fiat currencies for transactions, however, this means that there will be no limit on your trading. Currently, trading pairs are linked with the US Dollar, Chinese Yuan, and Japanese Yen.
Besides these, Bitmex also supports the following Currencies:
- Bitcoin cash
- Ethereum classic
- Ripple token
- Eos token
Not only these but Bitmex also offers leverage options on multiple coins – X5 on Zcash; X20 for Ripple, Bitcoin cash, Cardano, Eos token, and Tron; X25 for Monero; X33 for Litecoin; X50 for Ethereum, and a whooping X100 for Bitcoin.
Bitmex offers the highest level of security imaginable. Your funds will be stored in multi-signature wallets. The only possible way to gain access is only if the majority partners approve for it but even that is intensely monitored.
Bitmex addresses are also multi-signature with multiple keys distributed with multiple holders. To ensure maximum security, all withdrawals are individually hand-checked by its employees, and private keys are not stored in the cloud.
To provide the highest level of security, deposit addresses are verified externally to validate that they contain matching keys. If a discrepancy ever occurs, the entire system automatically shuts down.
Based on kdb+, a toolset used exclusively by major banks and leading financial institutions on high-frequency trading applications, Bitmex assures you a faster and more reliable engine than its competitors. Bitmex also requires minimum documentation and to open an account all you need is an email that can be accessed from anywhere in the world regardless of your geographical location.
Also, keep in Bitmex platform has never been hacked in its entire history. Rest assured, you are getting a safe haven for all you trade online.
Bitmex offers two types of contracts: Perpetual and Future contracts. Future contracts simply mean that you do not have to post 100% of your collateral as margin. This will offer you to trade with leverage of up to x100. On top of it, Bitmex offers you to trade anonymously on the future. For privacy issues, if you do not wish to leave your data on the exchange for confirmation, this anonymity feature will benefit you a lot.
Bitmex Limited Risk Contract:
Bitmex offers you a Limited Risk Contract. This is highly advantageous. This states that you will only be held responsible for a max 100% of your initial margin amount, regardless of the market’s fluctuations. For example, if you indulge in a short of say 1 BTC using the leverage of x10 leverage and the market rises to 20%, you will only be liquidated for 1 BTC. However, if the market drops 25%, you will profit by 250%. Thus with Bitmex, the obvious advantage is that your chances of a profit are much higher in comparison to your chances of a loss.
Cryptocurrency platform interfaces can be a confusing nexus of information. The interface of Bitmex is as much watered down as can be, while at the same time being informative and resourceful. Mixing convenience with functionality and information, experienced traders will have no problem steering through the platform.
How to succeed on Bitmex?
When it comes to maximizing your chances of making huge profits on BitMex the ironclad rule is to trade with proper technical analysis combined with weekly analysis of cryptocurrencies with expert guidance and Intel. If you want to invest wisely in this platform, it is absolutely essential to keep close track of the digital currency’s value. This can only be possible by becoming a member of a trading group.
Traders should also follow Cryptocurrency signal providers which provide in-depth data and analysis. There are numerous channels that provide Bitmex trading signal: Free, as well as paid. There are numerous Bitmex channels which have yielded consistent profits; Not only that, but there are channels with Bitmex Bitcoin automated trading bots that will do your trades automatically from your account leaving you hassle-free.
Even its harshest critics generally agree that Bitmex is led by seasoned and expert traders. Most experts of the industry agree that Bitmex is a highly stable, reliable platform with qualified and a transparent team steering the platform. They provide traders, investors, and users with up-to-date facts and statistics on all industry related information.
All the above-mentioned information clearly proves why Bitmex triumphs. It cannot possibly be a platform with over 800 billion USD traded on its system if traders, investors, and users did not think it was a reliable platform. The success stories of numerous traders and investors of Bitmex proves this. This trust and endorsement are based on positive experiences.
As an experienced trader you will naturally be attracted towards taking higher risks, but just because you are an experienced trader doesn’t mean you should compromise losing it all. The Crypto market is highly volatile and you could lose millions the same way you could win millions. So it is a must to be a part of a reputable platform as BitMex. There is a reason why Bitmex has been triumphing the crypto market for so long.
Bitmex was co-founded by Ben Delo, who was reported to become the first billionaire of the United Kingdom who earned his fortune through bitcoin, and also its youngest billionaire; along with Arthur Hayes and Samuel Reed. So rest assured, you will be part of a platform that is guided by the best in the industry. According to CEO Arthur Hayes, Bitmex is expected to chart 10,000 USD by the end of 2019. Thus, there is gonna be smooth sailing for Bitmex for a long time and you have no reason not be a part of it. If you are on your way of becoming a millionaire or maybe, even a billionaire, Bitmex only wants to make the journey quicker and smoother.
Stable, reliable, years of trust and backed by the industry’s most experienced hands: Bitmex offers you the Best; nothing less. Besides, it’s free and easy to open an account. You have nothing to lose and much more to gain.