Interest Rate (I) = (Interest Quote Index - Interest Base Index) / Funding IntervalI find this confusing because unlike Bitfinex or Poloniex, Bitmex does not seem to have a borrowing market. From whom is XBT/USD borrowed? Is it from bitmex and do they get the Interest? If I go long XBTUSD at 5X margin am I borrowing the contracts at a fee from Bitmex?
where
Interest Base Index = The Interest Rate for borrowing the Base currency
Interest Quote Index = The Interest Rate for borrowing the Quote currency
Funding Interval = 3 (Since funding occurs every 8 hours)
![]() | submitted by bitmex_register to u/bitmex_register [link] [comments] https://preview.redd.it/fl5e0q7i3cc41.jpg?width=1024&format=pjpg&auto=webp&s=445485d722839a9adc1ae13db4c965b0ae3e67b7 Founded by HDR Global Trading Limited (which in turn was founded by former bankers Arthur Hayes, Samuel Reed and Ben Delo) in 2014, BitMEX is a trading platform operating around the world and registered in the Seychelles. Meaning Bitcoin Mercantile Exchange, BitMEX is one of the largest Bitcoin trading platforms currently operating, with a daily trading volume of over 35,000 BTC and over 540,000 accesses monthly and a trading history of over $34 billion worth of Bitcoin since its inception. https://preview.redd.it/coenpm4k3cc41.jpg?width=808&format=pjpg&auto=webp&s=8832dcafa5bd615b511bbeb6118ef43d73ed785e Unlike many other trading exchanges, BitMEX only accepts deposits through Bitcoin, which can then be used to purchase a variety of other cryptocurrencies. BitMEX specialises in sophisticated financial operations such as margin trading, which is trading with leverage. Like many of the exchanges that operate through cryptocurrencies, BitMEX is currently unregulated in any jurisdiction. Visit BitMEX How to Sign Up to BitMEXIn order to create an account on BitMEX, users first have to register with the website. Registration only requires an email address, the email address must be a genuine address as users will receive an email to confirm registration in order to verify the account. Once users are registered, there are no trading limits. Traders must be at least 18 years of age to sign up.https://preview.redd.it/0v13qoil3cc41.jpg?width=808&format=pjpg&auto=webp&s=e6134bc089c4e352dce10d754dc84ff11a4c7994 However, it should be noted that BitMEX does not accept any US-based traders and will use IP checks to verify that users are not in the US. While some US users have bypassed this with the use of a VPN, it is not recommended that US individuals sign up to the BitMEX service, especially given the fact that alternative exchanges are available to service US customers that function within the US legal framework. How to Use BitMEX BitMEX allows users to trade cryptocurrencies against a number of fiat currencies, namely the US Dollar, the Japanese Yen and the Chinese Yuan. BitMEX allows users to trade a number of different cryptocurrencies, namely Bitcoin, Bitcoin Cash, Dash, Ethereum, Ethereum Classic, Litecoin, Monero, Ripple, Tezos and Zcash. The trading platform on BitMEX is very intuitive and easy to use for those familiar with similar markets. However, it is not for the beginner. The interface does look a little dated when compared to newer exchanges like Binance and Kucoin’s. Once users have signed up to the platform, they should click on Trade, and all the trading instruments will be displayed beneath. Clicking on the particular instrument opens the orderbook, recent trades, and the order slip on the left. The order book shows three columns – the bid value for the underlying asset, the quantity of the order, and the total USD value of all orders, both short and long. The widgets on the trading platform can be changed according to the user’s viewing preferences, allowing users to have full control on what is displayed. It also has a built in feature that provides for TradingView charting. This offers a wide range of charting tool and is considered to be an improvement on many of the offering available from many of its competitors. https://preview.redd.it/fabg1nxo3cc41.jpg?width=808&format=pjpg&auto=webp&s=6d939889c3eac15ab1e78ec37a8ccd13fc5e0573 Once trades are made, all orders can be easily viewed in the trading platform interface. There are tabs where users can select their Active Orders, see the Stops that are in place, check the Orders Filled (total or partially) and the trade history. On the Active Orders and Stops tabs, traders can cancel any order, by clicking the “Cancel” button. Users also see all currently open positions, with an analysis if it is in the black or red. BitMEX uses a method called auto-deleveraging which BitMEX uses to ensure that liquidated positions are able to be closed even in a volatile market. Auto-deleveraging means that if a position bankrupts without available liquidity, the positive side of the position deleverages, in order of profitability and leverage, the highest leveraged position first in queue. Traders are always shown where they sit in the auto-deleveraging queue, if such is needed. Although the BitMEX platform is optimized for mobile, it only has an Android app (which is not official). There is no iOS app available at present. However, it is recommended that users use it on the desktop if possible. BitMEX offers a variety of order types for users:
Futures and SwapsA futures contract is an agreement to buy or sell a given asset in the future at a predetermined price. On BitMEX, users can leverage up to 100x on certain contracts.Perpetual swaps are similar to futures, except that there is no expiry date for them and no settlement. Additionally, they trade close to the underlying reference Index Price, unlike futures, which may diverge substantially from the Index Price. BitMEX also offers Binary series contracts, which are prediction-based contracts which can only settle at either 0 or 100. In essence, the Binary series contracts are a more complicated way of making a bet on a given event. The only Binary series betting instrument currently available is related to the next 1mb block on the Bitcoin blockchain. Binary series contracts are traded with no leverage, a 0% maker fee, a 0.25% taker fee and 0.25% settlement fee. Bitmex LeverageBitMEX allows its traders to leverage their position on the platform. Leverage is the ability to place orders that are bigger than the users’ existing balance. This could lead to a higher profit in comparison when placing an order with only the wallet balance. Trading in such conditions is called “Margin Trading.”There are two types of Margin Trading: Isolated and Cross-Margin. The former allows the user to select the amount of money in their wallet that should be used to hold their position after an order is placed. However, the latter provides that all of the money in the users’ wallet can be used to hold their position, and therefore should be treated with extreme caution. https://preview.redd.it/eg4qk9qr3cc41.jpg?width=808&format=pjpg&auto=webp&s=c3ca8cdf654330ce53e8138d774e72155acf0e7e The BitMEX platform allows users to set their leverage level by using the leverage slider. A maximum leverage of 1:100 is available (on Bitcoin and Bitcoin Cash). This is quite a high level of leverage for cryptocurrencies, with the average offered by other exchanges rarely exceeding 1:20. BitMEX FeesFor traditional futures trading, BitMEX has a straightforward fee schedule. As noted, in terms of leverage offered, BitMEX offers up to 100% leverage, with the amount off leverage varying from product to product.However, it should be noted that trading at the highest leverages is sophisticated and is intended for professional investors that are familiar with speculative trading. The fees and leverage are as follows: https://preview.redd.it/wvhiepht3cc41.jpg?width=730&format=pjpg&auto=webp&s=0617eb894c13d3870211a01d51af98561907cb99 https://preview.redd.it/qhi8izcu3cc41.jpg?width=730&format=pjpg&auto=webp&s=09da4efe1de4214b0b5b9c7501aba5320e846b4c However, there are additional fees for hidden / iceberg orders. A hidden order pays the taker fee until the entire hidden quantity is completely executed. Then, the order will become normal, and the user will receive the maker rebate for the non-hidden amount. Deposits and WithdrawalsBitMEX does not charge fees on deposits or withdrawals. However, when withdrawing Bitcoin, the minimum Network fee is based on blockchain load. The only costs therefore are those of the banks or the cryptocurrency networks.As noted previously, BitMEX only accepts deposits in Bitcoin and therefore Bitcoin serves as collateral on trading contracts, regardless of whether or not the trade involves Bitcoin. The minimum deposit is 0.001 BTC. There are no limits on withdrawals, but withdrawals can also be in Bitcoin only. To make a withdrawal, all that users need to do is insert the amount to withdraw and the wallet address to complete the transfer. https://preview.redd.it/xj1kbuew3cc41.jpg?width=808&format=pjpg&auto=webp&s=68056f2247001c63e89c880cfbb75b2f3616e8fe Deposits can be made 24/7 but withdrawals are processed by hand at a recurring time once per day. The hand processed withdrawals are intended to increase the security levels of users’ funds by providing extra time (and email notice) to cancel any fraudulent withdrawal requests, as well as bypassing the use of automated systems & hot wallets which may be more prone to compromise. Supported CurrenciesBitMEX operates as a crypto to crypto exchange and makes use of a Bitcoin-in/Bitcoin-out structure. Therefore, platform users are currently unable to use fiat currencies for any payments or transfers, however, a plus side of this is that there are no limits for trading and the exchange incorporates trading pairs linked to the US Dollar (XBT), Japanese Yen (XBJ), and Chinese Yuan (XBC).BitMEX supports the following cryptocurrencies:
Trading Technologies International PartnershipHDR Global Trading, the company which owns BitMEX, has recently announced a partnership with Trading Technologies International, Inc. (TT), a leading international high-performance trading software provider.The TT platform is designed specifically for professional traders, brokers, and market-access providers, and incorporates a wide variety of trading tools and analytical indicators that allow even the most advanced traders to customize the software to suit their unique trading styles. The TT platform also provides traders with global market access and trade execution through its privately managed infrastructure and the partnership will see BitMEX users gaining access to the trading tools on all BitMEX products, including the popular XBT/USD Perpetual Swap pairing. https://preview.redd.it/qcqunaby3cc41.png?width=672&format=png&auto=webp&s=b77b45ac2b44a9af30a4985e3d9dbafc9bbdb77c The BitMEX Insurance FundThe ability to trade on leverage is one of the exchange’s main selling points and offering leverage and providing the opportunity for traders to trade against each other may result in a situation where the winners do not receive all of their expected profits. As a result of the amounts of leverage involved, it’s possible that the losers may not have enough margin in their positions to pay the winners.Traditional exchanges like the Chicago Mercantile Exchange (CME) offset this problem by utilizing multiple layers of protection and cryptocurrency trading platforms offering leverage cannot currently match the levels of protection provided to winning traders. In addition, cryptocurrency exchanges offering leveraged trades propose a capped downside and unlimited upside on a highly volatile asset with the caveat being that on occasion, there may not be enough funds in the system to pay out the winners. To help solve this problem, BitMEX has developed an insurance fund system, and when a trader has an open leveraged position, their position is forcefully closed or liquidated when their maintenance margin is too low. Here, a trader’s profit and loss does not reflect the actual price their position was closed on the market, and with BitMEX when a trader is liquidated, their equity associated with the position drops down to zero. In the following example, the trader has taken a 100x long position. In the event that the mark price of Bitcoin falls to $3,980 (by 0.5%), then the position gets liquidated with the 100 Bitcoin position needing to be sold on the market. This means that it does not matter what price this trade executes at, namely if it’s $3,995 or $3,000, as from the view of the liquidated trader, regardless of the price, they lose all the equity they had in their position, and lose the entire one Bitcoin. https://preview.redd.it/wel3rka04cc41.png?width=669&format=png&auto=webp&s=3f93dac2d3b40aa842d281384113d2e26f25947e Assuming there is a fully liquid market, the bid/ask spread should be tighter than the maintenance margin. Here, liquidations manifest as contributions to the insurance fund (e.g. if the maintenance margin is 50bps, but the market is 1bp wide), and the insurance fund should rise by close to the same amount as the maintenance margin when a position is liquidated. In this scenario, as long as healthy liquid markets persist, the insurance fund should continue its steady growth. The following graphs further illustrate the example, and in the first chart, market conditions are healthy with a narrow bid/ask spread (just $2) at the time of liquidation. Here, the closing trade occurs at a higher price than the bankruptcy price (the price where the margin balance is zero) and the insurance fund benefits. Illustrative example of an insurance contribution – Long 100x with 1 BTC collateral https://preview.redd.it/is89ep924cc41.png?width=699&format=png&auto=webp&s=f0419c68fe88703e594c121b5b742c963c7e2229 (Note: The above illustration is based on opening a 100x long position at $4,000 per BTC and 1 Bitcoin of collateral. The illustration is an oversimplification and ignores factors such as fees and other adjustments. The bid and offer prices represent the state of the order book at the time of liquidation. The closing trade price is $3,978, representing $1 of slippage compared to the $3,979 bid price at the time of liquidation.) The second chart shows a wide bid/ask spread at the time of liquidation, here, the closing trade takes place at a lower price than the bankruptcy price, and the insurance fund is used to make sure that winning traders receive their expected profits. This works to stabilize the potential for returns as there is no guarantee that healthy market conditions can continue, especially during periods of heightened price volatility. During these periods, it’s actually possible that the insurance fund can be used up than it is built up. Illustrative example of an insurance depletion – Long 100x with 1 BTC collateral https://preview.redd.it/vb4mj3n54cc41.png?width=707&format=png&auto=webp&s=0c63b7c99ae1c114d8e3b947fb490e9144dfe61b (Notes: The above illustration is based on opening a 100x long position at $4,000 per BTC and 1 Bitcoin of collateral. The illustration is an oversimplification and ignores factors such as fees and other adjustments. The bid and offer prices represent the state of the order book at the time of liquidation. The closing trade price is $3,800, representing $20 of slippage compared to the $3,820 bid price at the time of liquidation.) The exchange declared in February 2019, that the BitMEX insurance fund retained close to 21,000 Bitcoin (around $70 million based on Bitcoin spot prices at the time). This figure represents just 0.007% of BitMEX’s notional annual trading volume, which has been quoted as being approximately $1 trillion. This is higher than the insurance funds as a proportion of trading volume of the CME, and therefore, winning traders on BitMEX are exposed to much larger risks than CME traders as:
This system may appear controversial as first, though some may argue that there is a degree of uniformity to it. It’s also worth noting that the exchange also makes use of Auto Deleveraging which means that on occasion, leveraged positions in profit can still be reduced during certain time periods if a liquidated order cannot be executed in the market. More adventurous traders should note that while the insurance fund holds 21,000 Bitcoin, worth approximately 0.1% of the total Bitcoin supply, BitMEX still doesn’t offer the same level of guarantees to winning traders that are provided by more traditional leveraged trading platforms. Given the inherent volatility of the cryptocurrency market, there remains some possibility that the fund gets drained down to zero despite its current size. This may result in more successful traders lacking confidence in the platform and choosing to limit their exposure in the event of BitMEX being unable to compensate winning traders. How suitable is BitMEX for Beginners?BitMEX generates high Bitcoin trading levels, and also attracts good levels of volume across other crypto-to-crypto transfers. This helps to maintain a buzz around the exchange, and BitMEX also employs relatively low trading fees, and is available round the world (except to US inhabitants).This helps to attract the attention of people new to the process of trading on leverage and when getting started on the platform there are 5 main navigation Tabs to get used to:
In addition, BitMEX provides a variety of educational resources including an FAQ section, Futures guides, Perpetual Contracts guides, and further resources in the “References” account tab. For users looking for more in depth analysis, the BitMEX blog produces high level descriptions of a number of subjects and has garnered a good reputation among the cryptocurrency community. Most importantly, the exchange also maintains a testnet platform, built on top of testnet Bitcoin, which allows anyone to try out programs and strategies before moving on to the live exchange. This is crucial as despite the wealth of resources available, BitMEX is not really suitable for beginners, and margin trading, futures contracts and swaps are best left to experienced, professional or institutional traders. Margin trading and choosing to engage in leveraged activity are risky processes and even more advanced traders can describe the process as a high risk and high reward “game”. New entrants to the sector should spend a considerable amount of time learning about margin trading and testing out strategies before considering whether to open a live account. Is BitMEX Safe?BitMEX is widely considered to have strong levels of security. The platform uses multi-signature deposits and withdrawal schemes which can only be used by BitMEX partners. BitMEX also utilises Amazon Web Services to protect the servers with text messages and two-factor authentication, as well as hardware tokens.BitMEX also has a system for risk checks, which requires that the sum of all account holdings on the website must be zero. If it’s not, all trading is immediately halted. As noted previously, withdrawals are all individually hand-checked by employees, and private keys are never stored in the cloud. Deposit addresses are externally verified to make sure that they contain matching keys. If they do not, there is an immediate system shutdown. https://preview.redd.it/t04qs3484cc41.jpg?width=808&format=pjpg&auto=webp&s=a3b106cbc9116713dcdd5e908c00b555fd704ee6 In addition, the BitMEX trading platform is written in kdb+, a database and toolset popular amongst major banks in high frequency trading applications. The BitMEX engine appears to be faster and more reliable than some of its competitors, such as Poloniex and Bittrex. They have email notifications, and PGP encryption is used for all communication. The exchange hasn’t been hacked in the past. How Secure is the platform?As previously mentioned, BitMEX is considered to be a safe exchange and incorporates a number of security protocols that are becoming standard among the sector’s leading exchanges. In addition to making use of Amazon Web Services’ cloud security, all the exchange’s systems can only be accessed after passing through multiple forms of authentication, and individual systems are only able to communicate with each other across approved and monitored channels.Communication is also further secured as the exchange provides optional PGP encryption for all automated emails, and users can insert their PGP public key into the form inside their accounts. Once set up, BitMEX will encrypt and sign all the automated emails sent by you or to your account by the [[email protected]](mailto:[email protected]) email address. Users can also initiate secure conversations with the support team by using the email address and public key on the Technical Contact, and the team have made their automated system’s PGP key available for verification in their Security Section. The platform’s trading engine is written in kdb+, a database and toolset used by leading financial institutions in high-frequency trading applications, and the speed and reliability of the engine is also used to perform a full risk check after every order placement, trade, settlement, deposit, and withdrawal. All accounts in the system must consistently sum to zero, and if this does not happen then trading on the platform is immediately halted for all users. With regards to wallet security, BitMEX makes use of a multisignature deposit and withdrawal scheme, and all exchange addresses are multisignature by default with all storage being kept offline. Private keys are not stored on any cloud servers and deep cold storage is used for the majority of funds. Furthermore, all deposit addresses sent by the BitMEX system are verified by an external service that works to ensure that they contain the keys controlled by the founders, and in the event that the public keys differ, the system is immediately shut down and trading halted. The exchange’s security practices also see that every withdrawal is audited by hand by a minimum of two employees before being sent out. BitMEX Customer SupportThe trading platform has a 24/7 support on multiple channels, including email, ticket systems and social media. The typical response time from the customer support team is about one hour, and feedback on the customer support generally suggest that the customer service responses are helpful and are not restricted to automated responses.https://preview.redd.it/8k81zl0a4cc41.jpg?width=808&format=pjpg&auto=webp&s=e30e5b7ca93d2931f49e2dc84025f2fda386eab1 The BitMEX also offers a knowledge base and FAQs which, although they are not necessarily always helpful, may assist and direct users towards the necessary channels to obtain assistance. BitMEX also offers trading guides which can be accessed here ConclusionThere would appear to be few complaints online about BitMEX, with most issues relating to technical matters or about the complexities of using the website. Older complaints also appeared to include issues relating to low liquidity, but this no longer appears to be an issue.BitMEX is clearly not a platform that is not intended for the amateur investor. The interface is complex and therefore it can be very difficult for users to get used to the platform and to even navigate the website. However, the platform does provide a wide range of tools and once users have experience of the platform they will appreciate the wide range of information that the platform provides. Visit BitMEX |
Exchange Type | Maker | Taker |
---|---|---|
All Currencies | .15% | .25% |
Feature | Details |
---|---|
2FA | Google Authenticator Available |
Wallet Security | ‘Majority’ of Funds in cold storage |
Personal Information | Encrypted and Stored Off-Site |
Tier Level | Name | DOB | Phone | Address | Official ID | Bank Info | KYC | Limits | |
---|---|---|---|---|---|---|---|---|---|
Level 1 | X | X | $2,000 USD Daily Withdrawal Limit | ||||||
Level 2 | X | X | X | X | X | X | $7,000 USD Daily Withdrawal Limit | ||
Level 3 | X | X | X | X | X | X | $25,000 USD Daily Withdrawal Limit | ||
Level 4 | X | X | X | X | X | X | X | X | >$25,000 USD Daily Withdrawal Limit |
Exchange Type | Maker | Taker |
---|---|---|
All Currencies | .25% | .25% |
Feature | Details |
---|---|
2FA | Google Authenticator Available |
Wallet Security | Multi-stage wallet Majority’ of Funds in cold storage |
Personal Information | IP Whitelisting restricts trading from new addresses |
Tier Level | Name | DOB | Phone | Address | Official ID | Bank Info | KYC | Limits | |
---|---|---|---|---|---|---|---|---|---|
Basic | X | X | X | 3 BTC or less daily | |||||
Enhanced | X | X | X | X | X | X | 100 BTC or less daily |
Country | Credit/Debit | Linked Bank Account | Wire Transfer |
---|---|---|---|
Australia | 3.99% | - | - |
Canada | 3.99% | - | - |
Europe | 3.99% | 1.49% | SEPA- Free (€0.15) |
Singapore | 3.99% | 1.49% | - |
UK | 3.99% | - | SEPA Free (€0.15) |
US | 3.99% | 1.49% | $10 Deposit / $25 With / ACH Free |
Exchange Type | Maker | Taker |
---|---|---|
ETH/FIAT | 0% | .30% |
ETH/BTC | 0% | .30% |
Tier Level | Name | DOB | Phone | Address | Official ID | Bank Info | KYC | Limits | |
---|---|---|---|---|---|---|---|---|---|
Level 1 | X | X | X | ||||||
Level 2 | X | X | X | X | X | Crypto Only | |||
Level 3 | X | X | X | X | X | X | X | Fiat Enabled | |
Level 4 | X | X | X | X | X | X | X | X | Higher Fiat Limits |
Feature | Details |
---|---|
2FA | Google Authenticator, Authy, SMS |
Wallet Security | 98% Assets in Cold Storage |
Personal Information | 3rd Party Verified, Secured, Stored Offline |
Digital Currency Insurance | Fully Insured by Lloyd’s of London |
Fiat Insurance | Up to $250,000 by FDIC |
Bug Bounty | Multiple bounties up to $10,000 |
Country | Linked Bank Account | Wire Transfer |
---|---|---|
EUR | Free | SEPA €5-10 (€0.09 Withdrawal) |
US | Free | SWIFT $10 ($60 Withdrawal) |
UK | Free | SWIFT £10 (£60 Withdrawal) |
CAN | Free | SWIFT Free ($10 Withdrawal) |
Exchange Type | Maker | Taker |
---|---|---|
ETH/FIAT | .16% | .26% |
ETH/BTC | .16% | .26% |
Tier Level | Name | DOB | Phone | Address | Official ID | Bank Info | KYC | Limits | |
---|---|---|---|---|---|---|---|---|---|
Level 0 | X | No Trading Allowed | |||||||
Level 1 | X | X | X | X | No Fiat, Unlimited Crypto | ||||
Level 2 | X | X | X | X | Fiat $2,000Day/$10,000Mo | ||||
Level 3 | X | X | X | X | X | X | Fiat $25,000Day/$200,000Mo | ||
Level 4 | X | X | X | X | X | X | X | X | Fiat $100,000Day/$500,000Mo |
Feature | Details |
---|---|
2FA | Google Authenticator, Master Key Available |
Wallet Security | Majority Assets in Cold Storage |
Personal Information | PGP Encrypted Emails, Global Settings Lock |
Digital Currency Insurance | Maintain Full Reserves |
Bug Bounty | Multiple bounties |
Country | Linked Bank Account | Wire Transfer |
---|---|---|
USD | Free | Free |
Exchange Type | Maker | Taker |
---|---|---|
ETH/ALL | .10-.25% | .25% |
Tier Level | Name | DOB | Phone | Address | Official ID | Bank Info | KYC | Limits | |
---|---|---|---|---|---|---|---|---|---|
Individual | X | X | X | X | X | X | X | None - Except for ACH |
Feature | Details |
---|---|
2FA | Google Authenticator, Authy Available |
Hot Wallet Security | Hot Wallet Hosted by Amazon Web Services |
Cold Wallet | Stored in 2 tiers of cold and 'cryo' multi-sig storage |
Personal Information | Encrypted in Transit and Stored Offline |
Digital Currency Insurance | Fidelity bond by 'top-tier insurance company' |
Fiat Insurance | Up to $250,000 by FDIC |
Country | Credit/Debit | Bank Transfer | Express Bank Transfer |
---|---|---|---|
ALL | - | .1% ($20 Minimum) | 1% ($20 Minimum) |
Exchange Type | Maker | Taker |
---|---|---|
ETH/ALL | .10% | .20% |
Tier Level | Name | DOB | Phone | Address | Official ID | Bank Info | KYC | Limits | |
---|---|---|---|---|---|---|---|---|---|
Individual | X | X | X | X | X | X (2) | X | X | No Stated Limits |
Feature | Details |
---|---|
2FA | Google Authenticator, Twilio Available |
Account Security | New IP Addresses locked for 24 hours, require verification and detection |
System Security | Hosted and Backed-up on Linux, protection from DDoS |
Personal Information | Email encryption with OpenPGP |
Wallet Security | Only .5% of funds are stored in hot wallets |
1. Coinmarketcap rankings: https://coinmarketcap.com/all/views/all/ 2. Coinmarketcap daily trading volumes https://coinmarketcap.com/currencies/volume/24-hou 3. Bitinfocharts - Top 100 Richest Bitcoin addresses: https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html 4. Crypto ID - Shadowcash Rich list: https://chainz.cryptoid.info/sdc/#!rich
Country | Linked Bank Transfer | Wire Transfer | Paypal | Credit/Debit | Crypto Transfer |
---|---|---|---|---|---|
CAD | Deposit 1%/ Withdraw Free | Free | Free (Withdraw Only) | 1% (Withdraw Only) | Free |
USD | - | Free | Free (Withdraw Only) | - | Free |
Exchange Type | Maker | Taker |
---|---|---|
Fiat | .5% | .5% |
BTC/ETH | .2% | .2% |
Feature | Details |
---|---|
2FA | Google Authenticator or Email 2FA Available |
Wallet Security | Undisclosed amount of funds in cold storage |
Web Security | 3rd Party Security provided by CloudFlare |
Bug Bounty | Expired $50 bounties |
Tier Level | Name | DOB | Phone | Address | Official ID | Bank Info | Credit Score | Limits | |
---|---|---|---|---|---|---|---|---|---|
Basic Account | X | X | Digital only, Limits Vary | ||||||
Verified Account | X | X | X | X | X | X | Limits Vary |
Country | Credit/Debit | Bank Transfer | Crypto Transfer |
---|---|---|---|
Europe | 3.5%+ €0.24 | Deposit €0 / Withdraw €25 (SEPA €10) | Free |
Russia | 5% + ₽ 15.57 | - | - |
UK | 3.5%+ £0.20 | Deposit £0 / Withdraw £20 (SEPA | Free |
US | 3.5%+ $0.25 | Deposit $0 / Withdraw $50 | Deposit $0 / Withdraw 1% |
Exchange Type | Maker | Taker |
---|---|---|
All Currencies | 0% | .20% |
Feature | Details |
---|---|
2FA | Google Authenticator Available |
Wallet Security | Undisclosed amount of funds in cold storage |
Credit Card Data | Overseen by 3rd Party Kyte Consultants |
Web Security | SSL Certificates and Encrypted Personal Data |
Tier Level | Name | DOB | Phone | Address | ID + Photo | Bank Info | KYC | Limits | |
---|---|---|---|---|---|---|---|---|---|
Basic Account | X | X | X | Digital only | |||||
Verified Account | X | X | X | X | X | X | $10,000 Daily/$100,000 Monthly |
Country | Credit/Debit | Bank Transfer | Paypal |
---|---|---|---|
Europe | - | SEPA - Deposit .5% / Withdraw 1% (€100 min) | - |
Russia | 6% | 6% | - |
US | 7% | Deposit .5% ($20 min) / Withdraw 1% ($100 min) | 7% |
Exchange Type | Maker | Taker |
---|---|---|
All Currencies | .20% | .20% |
Feature | Details |
---|---|
2FA | Google Authenticator Available |
Password Expiration | Must be changed every 6 months |
DDoS Protection | 3rd Party Security Services provided by CloudFlare |
Bug Bounty | Yes at xBTCe |
Tier Level | Name | DOB | Phone | Address | Official ID | Bank Info | KYC | Limits | |
---|---|---|---|---|---|---|---|---|---|
Verified User | X | X | X | X | X | No Stated Limits |
Exchange Type | Maker | Taker |
---|---|---|
All Digital Currencies | 0.1% | .25% |
Feature | Details |
---|---|
2FA | Google Authenticator Available |
Bug Bounty | Reported bounty posted on HackerOne (unconfirmed) |
![]() | TRADING CRYPTOCURRENCIES, BitSeven.com submitted by leo289982 to u/leo289982 [link] [comments] It is not a swimming pool, but a shark tank. Learn here how to choose the right exchanges, how to analyze the charts and trading them. Day Trading is not for the faint-hearted so be sure to learn first, otherwise, you will surely lose money by doing it. We will show you how to read Buy/Sell walls, guide you to the best crypto signal groups, and explain how to trade cryptos with leverage on Bitseven. We will provide a Bitcoin price analysis from time to time and check centralized and decentralized Bitcoin exchanges for you.In the market, you have to develop your own strategies to find out if you are bullish or bearish on a coin or token. Trading cryptos is not the same as trading the common financial markets, as cryptocurrencies are still a young market. If you want to learn how to trade the crypto currency market, you need a good knowledge setup, which should contain fundamental analysis, as well as technical analysis like charting, price action, and trend analysis. Due to the high volatility, every transaction contains risk for your trading account - especially if you use financial instruments like leveraged or margin trading. While there are trading courses which can teach you to develop a trading plan and execute a strategy, you will have to work on your psychology as well.We are often trading a virtual currency against another one, so the outcome depends very much on the development of the Btc price and the total crypto market cap. If you want to learn to trade you will have to estimate your risk appetite first and consider then the trading platforms you want to use. As a day trader you can basically gain capital in two ways: BITCOIN LEVERAGED TRADING YOU CAN TRUST BitSEVEN | Bitcoin leveraged trade at 200x leverage maximum, 200% profit at 1% price raise Make a profit whether the bitcoin price rises or falls https://www.bitseven.com Binance,bitmex,FCoin,OKEx,Huobi,CoinBene,Upbit,Upbit,Bitfinex,BitForex,BigONE,Bibox,HitBTC,bithumb,GDAX,LBank,Quoine, BCEX,Bit-Z,Kraken,Coinsuper,Zaif,Bitstamp,Bittrex,SIMEX,IDCM,ABCC,RightBTC,Bitinka,Poloniex,CoinsBank,YoBit,Gemini, Exrates,EXMO,USD-X,coincheck,DragonEx,Livecoin,KuCoin,Coinone,LIQNET,Sistemkoin,BitOnBay,LATOKEN,xBTCe,BtcBox,CPDAX, |
1. Coinmarketcap rankings: https://coinmarketcap.com/all/views/all/ 2. Coinmarketcap daily trading volumes https://coinmarketcap.com/currencies/volume/24-hou 3. Bitinfocharts - Top 100 Richest Bitcoin addresses: https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html 4. Crypto ID - Shadowcash Rich list: https://chainz.cryptoid.info/sdc/#!rich
Poloniex is a leader with its margin trading. This feature on the platform is quick and efficient to use with peer-to-peer functionality for borrowing funds and beginning to margin trade. You can use the platform to secure trading funds and work with other traders via the lending features. Total Margin Value: The total BTC value of all the currencies in your margin account. It is determined by the amount of BTC in your margin account plus whichever is less for each of the other balances in your margin account: the amount of BTC they can be sold for on the current order book, or the amount they could be sold for at the 12-hour average trading price in their respective markets. Most of Poloniex’s users are based in the United States but the platform serves other customers from close to 200 countries. The exchange has three products which are the exchange platform, the margin trading platform, and the lending platform. -Poloniex has recently removed two of these products for US residents.- Some Exchanges like Poloniex allows anyone to lend their coins for the margin traders. Long Vs Short in Margin Trading One of the best thing about margin trading that it allows you to make a good profit even if the market goes bearish (that is market goes down). Loans are available in both full amounts and partial pieces on Poloniex. If a margin trader opens a position that only requires a portion of your loan, Poloniex will match the lender and the partial borrower while keeping the rest of the loan available for others. ... there are always risks involved when exchange trading, margin trading or ...
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Founded in January 2014, Poloniex offers a secure trading environment and provides advanced charts and data analysis tools to its customers. ... STEP BY STEP GUIDE - Duration: 15:41. Poloniex Trading Tutorial ... Margin trading on Poloniex - Duration: ... How to Trade Options on Robinhood for Beginners in 2020 Comprehensive Guide by InTheMoney - Duration: 1:11:16. Margin Trading Poloniex in hindi , Altcoin par margin Trade kaise kare .. ... How To: Trade on Bitmex with Leverage [Beginner Guide] - Duration: 16:22. L33T GUY 64,149 views. Wanna trade crypto? https://www.binance.com/?ref=15193962 Wanna leverage trades? https://www.bitmex.com/register/e655oo Wanna trade stocks with crypto? https... A quick guide to margin trading on Poloniex - Duration: 4:06. Circle 2,766 views. 4:06. The Secret Code Of Successful MACD Trading (Strategies Included) - Duration: 11:31.