BitMEX is the first margin trading platform I have used and I love it. Although it is super exciting I am going to extend the warnings that I received before going all in on margin trading. BE CAREFUL! Many great traders have lost huge amounts of money margin trading. Do some research before you dive in (I will try to get an article up soon with some tips).
- BitMEX is a Peer-to-Peer Trading Platform that offers leveraged contracts that are bought and sold in Bitcoin.
- BitMEX only handles Bitcoin. All profit and loss is in Bitcoin, even if you’re buying and selling altcoin contracts. BitMEX does not handle fiat currency.
- BitMEX allows trading with a high amount of leverage.