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BitMEX exchange futures trading tutorial guide

Date:2024-05-01 19:16:53 Channel:Build Read:
BitMEX exchange futures trading has always been a hot topic in the digital currency field. For newbies who want to understand and master this field in depth, it is crucial to master the exchange's usage tutorials. This article will deeply explore the basic concepts, operational procedures and risk management of futures trading on the BitMEX exchange, leading readers to gradually understand and master this complex and opportunity-filled area.
BitMEX exchange futures trading, as an important part of the digital currency market, has attracted the attention of many investors and traders. In this fast-paced, high-risk market, understanding the exchange's usage tutorials is a basic skill that every participant must possess. Next, let’s dive into how to trade futures on BitMEX and explore the mysteries.
1. Introduction to BitMEX Exchange
BitMEX exchange is one of the world's leading cryptocurrency trading platforms and is committed to providing users with an efficient and secure trading environment. Its futures trading products are rich in variety, covering Bitcoin, Ethereum and other digital currencies, providing investors with broad trading opportunities. On BitMEX, users can conduct leveraged transactions to maximize the use of funds, but this is also accompanied by higher risks.
2. Account opening and deposit operations
To start trading futures on BitMEX, you first need to open a trading account. During the registration process, users need to provide valid personal information and set a highly secure login password to protect the security of account assets. The deposit operation is the first step in the transaction. Users can recharge their accounts through digital currencies such as Bitcoin. During the operation, be sure to confirm the transfer address and amount to avoid loss of funds due to operational errors.
3. Trading operations and risk management
When trading futures, it is crucial to understand the exchange's operating interface and trading rules. BitMEX's trading interface is simple and clear, but it contains complex trading mechanisms. Users can set take-profit and stop-loss prices to control risks and adjust positions according to market trends. However, high-leverage trading also brings high risks, and investors should operate with caution and avoid blindly following the trend and excessive leverage.
4. Learning resources and trading skills
To succeed on BitMEX, in addition to mastering basic trading operations, it is equally important to learn trading skills and market analysis. BitMEX officially provides a wealth of learning resources, including trading guides, market analysis, etc., to help users better understand market trends and trading opportunities. In addition, communication and learning with other traders are also effective ways to improve trading skills. Only by practicing more and summarizing experience can you continuously improve your trading level.
5. Risk warning and compliance awareness
Finally, as a BitMEX trader, you must always keep risk tips and compliance awareness in mind. The digital currency market is highly volatile and prices change rapidly. Investors should keep a cool head and avoid making impulsive transactions due to emotions. At the same time, you must abide by the regulations of the exchange, conduct transactions legally and compliantly, and protect the safety of personal assets.
Before ending, we emphasize again that although futures trading on the BitMEX exchange is full of challenges, it also contains huge opportunities. As a novice, you must continue to learn, practice, and sum up experience in order to remain invincible in this exciting market. I hope every reader will overcome obstacles and achieve success in the BitMEX trading journey!

The four most famous international exchanges:

Binance INTL
OKX INTL
Gate.io INTL
Huobi INTL
Binance International Line OKX International Line Gate.io International Line Huobi International Line
China Line APP DL China Line APP DL
China Line APP DL
China Line APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.

Established:

Year 2014

|

Operator:

HDR Global Trading Limited

|

Website language:

Simplified Chinese, English
  
---|---|---
  
Supervision unit:

Seychelles Financial Services Authority FSA

|

official website:

bitmex.com
  
BitMEX is the world's largest Bitcoin futures trading platform, famous for providing cryptocurrency futures contracts with up to 100 times leverage, and its 24-hour trading volume reaches US$16 billion. Data shows that BitMEX’s trading volume in October and December 2018 significantly exceeded the sum of CBOE and CME.

HDR Global Trading, the operating company of BitMEX
Limited is located on the 45th floor of the Yangtze River Center in Hong Kong. It shares the Yangtze Center with traditional financial giants such as Bank of America, Barclays, Bloomberg, Goldman Sachs Group and the Hong Kong Securities and Futures Commission.

On May 28, HDR Company donated to the MIT Digital Currency Initiative (DCI) to support Bitcoin-related research and blockchain technology research.

Platform details

Business model: MM

Trading tools: BitMEX independently developed system software

Product Category: Cryptocurrency

Minimum deposit: No limit (only Bitcoin deposits and withdrawals are supported)

Minimum lot size: 1 order (1 order = 1 USD)

Maximum transaction volume: unlimited

Maximum leverage: 1:100

Liquidation ratio: 100%

Transaction fees: The person placing the order can earn the handling fee (-0.025%), and the taker pays the handling fee (0.075%)

Overnight interest: -0.375% ~ 0.375% (negative number means you can earn holding fees)

Demo account: testnet.bitmex.com

Platform deposits and withdrawals

Minimum deposit and withdrawal: no limit (only Bitcoin deposits and withdrawals are supported)

Deposit method: Only Bitcoin deposits are supported

Withdrawal method: Only Bitcoin withdrawals are supported

Withdrawal fee: 0.001BTC

Withdrawal period: The Bitcoin arrival time is 6 blocks for confirmation (about 10 minutes to 30 minutes), which can be queried in the block browser.

BitMEX registration/account opening process introduction:

1) Log in to BitMEX official website

2) Select Chinese and click "Register". Fill in your email, password, country, and name in turn, check I agree, and click Register.

3) BitMEX will send a confirmation email to your registered email address. Return to your email address and click on the email to complete the account registration.

4) BitMEX does not accept legal currency deposits and withdrawals, so there is no need to undergo real-name authentication such as KYC. The name field does not need to be filled in.

5) ※Note: BitMEX does not accept residents of the United States and Hong Kong. Do not select the United States or Hong Kong as the country of registration!! Otherwise, deposits will not be possible.

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