How To Start Trading On Bitmex?

How to trade on Bitmex

January 12, 2020

Reading Time: 8 minutes

How to trade on Bitmex

Cryptocurrency trading is not rocket science; it’s possible to become a pro trader within a short time, if you have the right tools at your disposal, especially if you are following pro trader’s signals. The thought of trading on exchanges may be scary, especially for a beginner, but all the doubts will quickly disappear after you finish reading the article. You can quickly learn the ropes and settle down to business.

If you are relatively new to cryptocurrency trading, it’s good first to understand a few things before you leap into the business in order not to get your fingers burned. The crypto market is volatile, and as such, you need the help of professionals to understand what and what not to do at any particular time.

To start with, exchanges are the platform on which you buy or sell digital coins to make profits. There are several crypto exchanges out there, but one of the prominent ones that have been tested and trusted is BitMex.

In this guide, we shall talk about how to register on BitMexhow to trade on BitMex, where to get free crypto signals and any other information that might be useful to you as a trader, whether amateur or professional.

What is BitMex?

BitMex, one of the top crypto exchanges, was founded by HDR Global Trading Limited in 2014. HDR, as the parent company, was founded by former banking professionals Ben Delo, Samuel Reed, and Arthur Hayes. The company is domiciled in Seychelles but has a presence internationally. Its areas of focus include derivative trading, precisely margin trading.

It’s on record that Ben Delo, who is one of the co-founders, is the first person to become a billionaire in the UK through investing in Bitcoin.

BitMex currently has a daily trading volume of over 35,000 BTC and over 540,000 monthly accesses, making it one of the largest Bitcoin trading exchanges in the world. It has traded more than $34 billion worth of Bitcoin since the commencement of business. Bitcoin is the only acceptable coin for deposits on the platform and then used for buying other cryptocurrencies and altcoins.

What is BitMex?

BitMex, one of the top crypto exchanges, was founded by HDR Global Trading Limited in 2014. HDR, as the parent company, was founded by former banking professionals Ben Delo, Samuel Reed, and Arthur Hayes. The company is domiciled in Seychelles but has a presence internationally. Its areas of focus include derivative trading, precisely margin trading.

It’s on record that Ben Delo, who is one of the co-founders, is the first person to become a billionaire in the UK through investing in Bitcoin.

BitMex currently has a daily trading volume of over 35,000 BTC and over 540,000 monthly accesses, making it one of the largest Bitcoin trading exchanges in the world. It has traded more than $34 billion worth of Bitcoin since the commencement of business. Bitcoin is the only acceptable coin for deposits on the platform and then used for buying other cryptocurrencies and altcoins.

How to Register on BitMex

To use BitMex, you need to create a personal account on the platform. You must at least be up to 18 years of age. In case you don’t know how to register on BitMex, all you need to do so is your email address, which must be an authentic one to enable you to receive a confirmation email. This is a necessity for verifying your account.

So, click on the registration link, input your email address and desired password, your country, and your name (starting from your first name). Check the box next to “I accept the terms of services, and I understand the privacy notice.” Click on the link to register. You then get a pop up with the information, “Registration is complete. You have sent an email verifying your address. Please click the link in the email sent to …”

There is no trading limit once your registration is confirmed.

Unfortunately, BitMex does not accept customers who are based in the USA. They make use of IP checks to ensure that the user is not US-based. It is advisable not to register if you are in the US. Using a VPN to bypass the usual process could turn out to be dangerous later on.

How to trade on BitMex

It is quite easy to know how to trade on BitMex. As a registered user, you need to first log in to your account. Simply go to the login page and add your email and password, including the 2-factor token, if you have activated it on your account. You can use Google Authenticator or Yubikey OTP for this.

On BitMex, one can trade different cryptocurrencies against several fiat currencies, such as the US Dolar, Chinese Yuan, and Japanese Yen.  You can as well trade on diverse cryptocurrencies like Bitcoin, Ethereum, Dash, Litecoin, Ripple, Monero, Zcash, Tezos, Bitcoin Cash, and Ethereum Classic.

BitMex has a trading platform that is user-friendly but not quite recommended for novices. However, for those used to trading, once logged in, you can click on Trade, and the system will display all trading instruments below.  When you click on a particular instrument, the order book, recent trades, and order slip would be opened on the left.  Three columns are displayed on the order book: the bid value for the underlying asset, the order quantity, and the total USD value of all orders – short and long.

You can change the widget on the trading platform to suit your desired style of view.  With this, you can manage what should be displayed. BitMex equally has a built-in feature that offers TradingView charting. This feature comes with several charting tools, giving it some edge over its opponents.

You can view your order from the trading platform interface after making any trade. From the available tabs, you can easily select your Active Orders, check the Orders Filled (total or partial), view the stops in place, and the trade history. You can click on the “Cancel” tabs to cancel any order on the Active Order and Stops tabs. You can as well see all positions that are currently open, with an analysis if it is in the red or black.

With BitMex’s auto-deleveraging, liquidated positions can be closed even when the market is unstable. When the position of a trader is liquidated, the BitMex liquidation engine takes over the position. If the liquidation cannot be filled when the market price gets to the bankruptcy price, the ADL automatically deleverages the position of opposing traders by profit and leverage priority. The bankruptcy price of the initial liquidated order is the price at which the positions of a trader are closed out.

Only an Android app is available for users (it is not official), though the platform is optimized for mobile. BitMex does not currently have an iOS app. Users are, therefore, advised to use the desktop version.

To buy a coin, go to the ‘Place Order’ box. The ‘At Market’ tab helps you to trade at the current market prices. With the Limit and Stop options, you can buy/sell at the levels you make up your mind on (if the market gets to those levels).

The amount in dollars that you intend to invest is ‘Quantity.’

  1. ‘Order Value’ is the amount of cryptocurrency your dollar amount can purchase. For instance, $1000 can buy 6.970 ETH, at $143.46 per ETH.
  2. Click on the ‘Buy and Sell’ button, based on the direction you predict the market to move. If you believe the value is going to move up, buy. But if you believe the value is likely to go down, then you should sell.
  3. The leverage gauge is under the place order. It defaults to zero, meaning that if you purchase cryptocurrency worth $500 and the price doubles, your holding would be worth $1000. Your holding goes to zero should the price drop to zero.
  4. Leverage will increase your risk. If you set the leverage to 5x, it means you can purchase cryptocurrency worth $5,000. Any little change in price will result in a more significant swing in the value of your holding. If the deposit you have in your account is small, it could easily be eroded.

  1. Leave your leverage at zero if you are not sure of the risks and the advantages of leverage.

Types of order available on BitMex

  • Limit Order (the order is fulfilled if one achieves the given price)
  • Market Order (the order is executed at current market price)
  • Stop Limit Order (It lets users set the price of the order after triggering  the Stop Price)
  • Stop Market Order (this is a stop order that does not enter the order book, it is not seen until the market gets to the trigger)
  • Trailing Stop Order (it is comparable to a Stop Market order, but in this case, a trailing value is set by the users which are used in placing the market order)
  • Take Profit Limit Order (Just like a Stop Order, you can use this to set a target price on a position. Here, it is to make gains, instead of cutting losses)
  • Take Profit Market Order (same as the above, but in this case, instead of triggering a limit order, a market order is triggered)

How to Place Stop Limit on orders in Bitmex

You can place a stop-limit on buy order or sell order. Here are the steps to follow:

To put a stop limit:

 

  1. Go to the Stop Market tab
  2. Input the quantity and stop price.

Stop price in the sell is the price, lower than which your contract would be sold. You may select close or trigger. You can also enter the stop price, which would trigger your sell order. For instance, if you decided to place a stop price at $8500, this will place an order at $8450 when it is triggered.

  1. Click on Sell Sell Stop, and this will place your Stop Limit on BitMex

 

Putting Stop Limit on Buy Orders in Bitmex

  1. Go to Stop Market tab
  2. Input the quantity and stop price

When triggered, your Stop Limit for buy price would place your order at a stop limit

  1. Click Set Buy Stop, and this would place your limit.

 

Use My Crypto Paradise as your bridge to success

To be able to trade effectively on BitMex, you need to get the right crypto signals. Your target is to make a profit and cut losses. You can effortlessly do this by following pro trader’s signals.

Though there are several providers, but often there are a lot of loopholes with their services to be considered for the long term. So you can get Best crypto signals from My Crypto Paradise on telegram to get helped when trading on Bitmex. If you are having any difficulty trading on BitMex or getting the right tools to trade for profit, it is advisable to follow My Crypto Paradise for expert advice and signals. We also have Free Telegram Channel, where we once in a while provide signals and analysis to help a trader. However, in our ParadiseFamilyVIP Private Telegram Channel, we provide signals regularly along with analysis on the market throughout the day. Along with that, there is non-stop assistance to the traders to help them use signals/analysis smoothly. We have the best team of experts in the industry to provide you the leverage for seamless success on Bitmex.

Our team does not believe in feeding you for a day; we believe in providing you with everything you need to attain your financial independence. That is why we offer you professional support, including providing you free crypto signals, analysis, and teach you how to use them by assigning a personal coach to you.

To know us better and understand what we stand for, it is good to join our Telegram Channel, where we offer BitMex trading signals, analyze the market, and give you helpful advice and guides. Unlike our competitors who quote technical terms without a proper understanding of how they are applied, we at My Crypto Paradise, advance a logical explanation for every move we make and also ensure you are technically sound.

Take Away

Although a lot of crypto signals providers exist, not all of them can be trusted because they are unable to live up to their hype. A lot of times, there are promises made which are never kept and mislead amateur traders into losing their hard-earned income.

We pride ourselves as providers of the best crypto signals on telegram. All BitMex traders trust our daily signals because we have helped countless traders to make profits and minimize losses on BitMex. Our explanations are logical, and our guides are second to none. We simply take you by the hands and teach you all you need to know to be a good and profitable trader.

If you are interested in knowing how to trade on BitMex, you can count on us to help you out. Your success is our utmost concern.

0 0 votes
Article Rating
Subscribe
Notify of
guest

514 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
казино slottica com

Нужно зашибать джекпоты – совсем новое известное во всем мире охуенное азартное
казино – slottica online (slottica-Casino.su).
на официальном сайте крутые классности.

cлоттика: 2020-го азартный сайтик от директоров партнерского сайта jim partners, скрученный для такой вота цели чтоб стянуть каждого изну и не только данлуданов в крутом месте :
slottica casino. https://slottica-casino.su/

instantpay casino
2 years ago

If consider to take an acting and the time has come to implement
this … Fresh participants get gifts and well
other players continuous offers! Win-win place instant pay казино (instantpay-casino.org).
Why on Earth accurate this casino online! Tested ,
unreal fast cash, many varients slot machines, unrealactivity of workers, huge, win for
gamers https://instantpay-casino.org/ru/

онлайн казино слотика

Нужно заливать jackpot : абсолютно современное всемирное прекрасное casino:
слотика [http://Www.bloggang.com/].
здесь шикардесные бонусы для новых игроков.
slottica website logo: новейший онлайн вебсайт от основателей продуктов партнерки джим
партнерс созданный для такой вота ситуации.
что б соединить каждого лудожопов в знаменитом месте – cлоттика. https://btc-f.org/forum/viewtopic.php?id=262124

онлайн казино слотика

Нужно заливать jackpot : абсолютно современное
всемирное прекрасное casino: слотика [http://Www.bloggang.com/].
здесь шикардесные бонусы для новых игроков.
slottica website logo: новейший онлайн вебсайт от основателей продуктов партнерки джим партнерс созданный для такой вота ситуации.
что б соединить каждого лудожопов в знаменитом месте
– cлоттика. http://www.bloggang.com/mainblog.php?id=thailand-agriculture&month=24-08-2020&group=7&gblog=77

slottica регистрация

Нужно играть жекпоты на новинка известное миру заебумбешное лицензионный клуб – слоттика регистрация,
slottica-casino.su,. шикардосные крутости.

слотика зеркало: 2020-го азартный веб сайт от основателей
продуктов партнерки jim.partners,
настроенный на тот случай шобы
приглашать лучших лудомастеров в крутом месте : slottica-casino
su. https://Slottica-Casino.su/registraciya/

slottica casino
1 year ago

Влетай заливать jackpot на совсем новейшее крутейшее азартное казино, слотика slottica casino com (karlskronamakerspace.Org).

шикарные бездепчики. slottica com – современнейший сайтец от креаторов продуктов партнерки джим
партнершип, набитый конечно чтобы привлечь лучшихну
и не только лудиков в слоты в этом
крутом месте – официальный сайт слотика. http://xn—-8sbbepsjldrcdbh7o4cf.xn--p1ai/user/profile/10570

slottica-casino su
1 year ago

Каждый должен зашибать джекпоты абсолютно новое известное миру современнейшее онлайн казино slottica-casino su.
у нас здесь бест бонусы для
новичков. слотика 15 – 2020го ссылка от оргов продуктов партнерки jim partners сделанный для той
ситуации. что бы собрать знаменитыхну и не только игрунов в
этом онлайн месте : slottica-casino.su. http://138.201.138.240/

казино slottica

Начать зашибать джекпоты жекпоты :
абсолютно новенькое мировое шикардосное азартное казино казино slottica.

тут я нашел шикарные крутости. slottica 1000 rub – новенький лицензионный сайтец от
директоров сайта партнерской программы джим партнерс.
нахлобученный для такой вот цели, шобы
притягивать каждогону и не только лудожопов в наилучшем месте : игровой клуб slottica. http://www.Leningradskaya.org/d/user/profile/57153

coin master free spin

Wonderful work! That is the type of info that are supposed to be shared around the internet.

Shame on Google for not positioning this post higher!
Come on over and consult with my site . Thanks =)

slottica slottica casino com

Пора бы начать зашибать джекпоты jackpot – совсем заебумбешное игровое место slottica online
casino (obiectiv-sm.ro). шикардесные бонусы на бездеп.
slottica официальный сайт 2020 азартный ссылка от оргов продуктов партнерки джим партнерс скрафченный на то.

что бы ввернуть лучшихну и не только пацанов в этом онлайн
месте – slottica-casino su. http://www.micromagic.ru/content/view/209/208/

instantpay casino MGA license

In case suppose to resume an acting as well as bear away the time has come to make it !
Newly minted players receive prizes as well as
others continuous discounts. Safe casino Instantpay Casino (Instantpay-Casino.Org).
Why properly this one place Protected ,flesh money on wallet, great amount of opportunities online games, superbworking of workers, tremendous, win to members https://instantpay-casino.org/

казино Slottica Com

Абсолютно важно играть джекпоты в крайне новейшее международное забубенное
казино: казино Slottica Com. У нас лучшие условия.

slottica casino свежайший азартный вебсайт от организаторов
сайта партнерки jimpartners.com, созданный на тот случай.
чтоб ввернуть умнейших и не только игроков в нашем месте
slottica slottica casino com. https://www.clars.dk/index.php?title=Bruger:Sloticarub

instantpay link
1 year ago

If you expect to resume a play as well as necessary to make it !
New members receive discounts and well others frequent offers.
Safe casino instant pay казино зеркало – instantpay-Casino.org,.
But exactly this casino online? Protected ,unreal fast cash, full of
slots, superoffice of crew, big, gainings to gamers

فوتیج آماده

اقا خیلی وبسایتتون عالیه

Jump Manual
1 year ago

Fantastic goods frokm you, man. I have understand your
stuff previous to and you’re just extremely excellent.
I really like what you’ve acquired here, really like what you’re saying aand the way in wgich you sayy it.
You make it entertaining and you still take care of to keep it smart.

I can’t wait to read far more from you. This is actually a great site.

Jump Manual
1 year ago

This blog was… hoow do I say it? Relevant!!
Finally I’ve found something which helped me.

Many thanks!

Jump Manual
1 year ago

Hi everybody, here every one is sharing these kinds of familiarity,
thus it’s pleasant to read this webb site, and I ussed to visit this website
every day.

Jump Manual
1 year ago

I’m gone to say tto my little brother, that he should also pay a visit this website on regular basiss to obtain updated from latest reports.

Jump Manual
1 year ago

Howdy, I think your website could be having internet browser compatibility problems.
Whhen I take a look at your web site in Safari, it looks fine however, if opening in I.E., it’s got some overlapping issues.
I simply wanted to give you a quick heads up! Apart from that, fantastic site!

Jump Manual
1 year ago

Highly energetic article, I njoyed that bit. Will there be a part 2?

Jump Manual
1 year ago

Hi to all, how is the whole thing, I think every one is getting mmore from this site, and your
views are fastidious for new users.

Jump Manual
1 year ago

Hi would you minmd letting me know whicch hosting company you’re using?
I’ve loaded your blog in 3 different browsers and I must saay thgis
blog loads a lot quicker then most. Can you recommend a
good internet hosting provider at a fair price?
Many thanks, I appreciate it!

Jump Manual
1 year ago

Hey! Quick quesstion that’s totally off topic. Do you know how to make your site mobile friendly?
My website looks werd when viewing from my iphone4. I’m trying
to find a template or plugin that might bbe able to correwct this problem.
If you have any suggestions, please share. Cheers!

Jump Manual
1 year ago

Marvelous, what a website it is! Thiis weblog provides
helpful information to us, keep it up.

Jump Manual
1 year ago

What’s up friends, its impressive paragraph regarding cultureand fully defined,
keep it up all the time.

Jump Manual
1 year ago

Link exchange is noting else except it is only placing the other person’s weblog link on your page at appropriate place and other person will also do similar for you.

Jump Manual
1 year ago

Do you mind if I quote a few oof your articles as long aas I provide credit and
sources back to your site? My blog site is in the exact same niche as yourds and my visitors would
really benefit fdom a lot of the information you provide here.
Please let me know if this okay with you.
Thanks a lot!

Jump Manual
1 year ago

Nice blog! Is your theme custom made or did you download it from somewhere?
A design like yours with a few simple tweeks would really make
my blog shine. Please let me know where you gott your theme.
Thanks

Jump Manual
1 year ago

Hey just wanted too give you a quick heads up.
The text in your post seem to bee running off the screen in Opera.

I’m nnot sure if this is a format issue or something to do
with browser compatibility but Ithought I’d post to let you know.
The layout look great though! Hoppe you get the issue
fixed soon. Kudos

Jump Manual
1 year ago

Hey are uing Worpress for your blog platform? I’m new to the blog
worl but I’m trying to get started andd create my own. Do you need any html coding expertise to make your own blog?
Any help would bbe really appreciated!

Jump Manual
1 year ago

Definitely believe that which yyou said. Your favorite reason seemed to be on thhe wweb the
easiest thing to be aware of. I say to you, I dedinitely get anboyed while people consider worries that they plainly don’t know about.
You managed to hit the nail upon the top and defined out the whole thing
without having side effect , people could take a signal.
Will probably be back too get more. Thanks

Jump Manual
1 year ago

Wonderful beat ! I would likke to apprentice
while you amend your site, hoow could i subscribe for a blog website?
The account aided me a acceptable deal. I hhad been tiny
bit acquainted of this your broadcast provided bright clear idea

Jump Manual
1 year ago

Verry nuce post. I simply stumbled upon your blog and wanted to mrntion that I’ve really enjoyed surfing around ykur weblog posts.
In any case I will be subscribin to our feed and I’m
hoping you write again soon!

Jump Manual
1 year ago

I just could not go away your website preior to suggesting that I extremely loved the usual ifo an individual supply for your
guests? Is going to be back frquently to investigate cross-check
new posts

Jump Manual
1 year ago

This is really interesting, You’re a very skilled blogger.
I’ve joined your rss feed and look forward
to sdeking more of your great post. Also, I have shared
your website in my social networks!

Jump Manual
1 year ago

Right here is the perfect web site for anyone who really wants to find out about this topic.
You understand a whole lot its almost tugh to argue with you (not thaat I actually
would want to…HaHa). You certainly put a brand new spin on a topic that’s been discussed for years.
Wonderful stuff, just great!

Jump Manual
1 year ago

Hi there! This is my 1st comment here so I just wanted to gve
a quick shout outt and say I really enjoy reading through your
articles. Can youu recopmmend any other blogs/websites/forums that
cover the same subjects? Many thanks!

Jump Manual
1 year ago

Wonderful website you have heere but I was wanting to
know iff you knew of any user discussion forums
that cover the same topics discusswed here? I’d really
loke to be a part of community where I can get opinions from other knowledgeable individuals
that share the sme interest. If you have any recommendations, please let me know.
Many thanks!

Jump Manual
1 year ago

Magnificent web site. A lot of helpful info here.
I am sending it to several buddies ans additionally sharing
in delicious. And obviously, thanks in youir effort!

Jump Manual
1 year ago

Hola! I’ve been following your blg for a long time noow and finall got the bravery to go aead aand give you a shout
oout from Lbbock Texas! Justt wanted too
mention keep up the great job!

Jump Manual
1 year ago

Can I simply say what a comfort to uncover somebody who really knowqs what they’re
talking about on thhe web. You actually realize how
to bring an issue to light and mak it important.

More people should check thhis out aand uunderstand this side of the story.
I can’t believe yyou aren’t more popular given that you certainly possess thee gift.

Jump Manual
1 year ago

Hello, I enjoy reading all of your article post.
I like tto write a litle comment to support you.

Jump Manual
1 year ago

Thanks foor one’s marvelous posting! I genuinely njoyed reading it, you aree a great author.I will be sure to bookmark your blogg and will come back
later on. I want to encourage you continue your great writing, have a nce evening!

Jump Manual
1 year ago

It’s really very difficult in this busy life tto listen news on Television, so I
only use internet for that reason, and obtain the
hottest information.

Jump Manual
1 year ago

My partner and I stumbled over here by a different web address and
thought I should check things out. I like what I see
so now i’m following you. Look forward to looking over your
web page for a secohd time.

Jump Manual
1 year ago

I was mor than happy to find this website.
I want to to thank you for your time just for this
wonderful read!! I definitely appreciated every bit of it and i also have you book marked to see neew
information oon your blog.

Jump Manual
1 year ago

Hi there! Quick question that’s completely off topic.
Do you know how to make your ste mobile friendly? My blog looks weird when browsig from my
iphone 4. I’m trying to find a theme or plugin that miight be able to correct this issue.
If you have any suggestions, please share. Thank you!

Jump Manual
1 year ago

If you are going for best contents like
I do, only pay a quick visit this website alll the time because it presents feature
contents, thanks

Jump Manual
1 year ago

Hi, iits good post regarding media print, we all be aware oof meeia is
a enormous source oof information.

Jump Manual
1 year ago

I do not even know how I ended up right here, however I believed this post used to be great.
I don’t know who you’re however certainly you are going to
a famous blogger when you arre not already. Cheers!

Start earning profit

We aim to provide our ParadiseMembers with as much information as we can to ensure to maximize long-term profit, no matter if we are in a bullish or bearish market. We are a large scale cryptocurrency community providing you with access to some of the most exclusive life changing cryptocurrency signals, analysis, guidance and much more

Trade crypto like a pro

Related Posts…