Top Rated BitMEX Alternatives
Bitmex allows users to utilize margin and leverage their investments which they normally wouldn't be allowed to do on normal cryptocurrency exchanges. Review collected by and hosted on G2.com.
There have been news about higher-ups within the company inside trading. Furthermore the fees can change drastically. I have personally witnessed fees jumping from 0.0002 BTC to 0.3 BTC Review collected by and hosted on G2.com.
11 out of 12 Total Reviews for BitMEX
Overall Review Sentiment for BitMEX
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The only good thing about Bitmex is being able to trade on high leverage, however, many new platforms such as PrimeXBT and Deribit are taking the spotlight lately. Review collected by and hosted on G2.com.
Most of the time I find a good opportunity or predict a crash that I've already placed trades on - Bitmex decides to freeze, making my orders impossible to access and once it reopens, it appears that I've been liquidated DESPITE having stop loss in place. I'm finding it impossible to trade safely without being dumped on by its creators. Review collected by and hosted on G2.com.
BitMEX offer serious trading products that we can't get in any crypto platform - up to 100 X leverage for example - this is one of the most common trading product that we use for our costumers.
Most of the time, BitMEX has good prices, better than other crypto exchanges, for example - the BTC price was almost 100$ cheaper than most competing crypto exchanges.
Simplicity of usage - this is the most important thing in BitMEX platform that convinced us to keep trading in this platform. Review collected by and hosted on G2.com.
BitMEX has not yet released a mobile application. "BitMEX" apps on the Android or iOS stores are fake and may steal your credentials.
Sometimes the average withdrawal time is quite long - between few hours to 2 days.
The orderbook sometimes dissapears, after refreshing with ctrl+f5 - it is showing the orders.
In the last days i was unable to set stoploss.
Unfortunately, BitMEX offers only few crypto assets to trade (only 8 crypto assets). Review collected by and hosted on G2.com.
Trading options & products that are not available together in other crypto trading platforms.
Convinient trading between USD and other crypto - especially for daily traders.
Very good "Starters Guides" for the new users. Review collected by and hosted on G2.com.
The support recently (in the last 4 months) returns later responses.
The platform supports only in a few number of crypto assets - Bitcoin, Bitcoin Cash, Cardano, Ethereum, EOS Token, Litecoin, Tron, Ripple.
Besides, I do not complain about anything in this platform. Review collected by and hosted on G2.com.
It allows you a lot of trading products - up to 100x leverage, margin calls, Bitcoin (XBT) contracts.
The affiliate payout structure is pretty good, as a group with hundreds of referalls.
The BMEX mobile app support almost all of the actions that the web platform does, and has a convinent user experience. Review collected by and hosted on G2.com.
Risky platform - BitMEX users need to be experienced in the trading before starting, i used the leverage options and lost big amount of money.
The platform design looks old, like 90's.
Complex API's - the developers in my business complain about the complexity of using&implementing it.
Sometimes - i unable to set stop loss on BitMEX. Review collected by and hosted on G2.com.
BitMEX is a trading platform which provides access to derivatives based on cryptocurrencies and margin trading, which offers great opportunities on null or bear markets if done correctly. It hhas gained a lot of popularity due to its big volumes, providing a significan variety of order types and competitive fees (neither for deposits or withdraws). They have a good FAQ page where to find any type of information, but I recommend to read external articles to clarify the most complex terms. Review collected by and hosted on G2.com.
Not ideal for unexperienced traders. I don't like the non user-friendly interface, which could be improved in terms of UX and UI. Also doesn't allow fiat deposits or withdraws. Review collected by and hosted on G2.com.
I like the lower fees, the breadth of cryptos available for trade Review collected by and hosted on G2.com.
Being a designer I do not like the UI of the trading page...could be improved to be less cluttered Review collected by and hosted on G2.com.
I like the "Where to start" section (in the References page) - It's really makes order and helps you start smoothly from basic in this platform.
I like that that this platform offers good trading products that is not offerd in other crypto exchanges - up to 100x leverage options, Bitcoin (XBT) and ETH contracts.
BitMEX has low fees, comparing to other trading platforms we use - Cex.io, Bitfinex, KuCoin. Review collected by and hosted on G2.com.
I had a lot of crashes in the BitMEX mobile application - it should be fixed before we'll trust on the application stability.
The platform only offers a few number of crypto coins to trade - BTC, BCH, ETH, ADA, EOS Token, LTC, TRX, XRP. Review collected by and hosted on G2.com.
the platform does provide a wide range of tools and once users have experience of the platform and appreciate the wide range of information that the platform provides. Review collected by and hosted on G2.com.
not a platform that is not intended for the amateur investor. The interface is complex and therefore it can be very difficult Review collected by and hosted on G2.com.
