In this article, I will guide you to use the full Bitmex exchange to you in the most detail, including an introduction to what is Bitmex exchange? How to register for a Bitmex exchange account, instructions for depositing and withdrawing and trading coins on the Bitmex exchange. this is a professional and longstanding high-end cryptocurrency exchange comparable to Primexbt, if you want to see a detailed analysis of pros and cons comparing Primexbt crypto trading and bitmex exchanges, please see the article: PrimeXBT vs BitMEX
What is Bitmex?
Bitmex is a cryptocurrency exchange (cryptocurrency) with a very large trading volume and is usually for professional traders. On Bitmex supports many types of coins and currencies for you to choose from. However, unlike other exchanges, Bitmex only supports depositing Bitcoin and then using Bitcoin to buy other coins, convert back to Bitcoin and withdraw to your own wallet. .
Basically, the Bitmex exchange is similar to exchanges like Binance, Bittrex but has a rather classic and sometimes confusing interface for beginners.
Therefore, in this article, I will guide you to use the Bitmex exchange in the most detail so that you can get started with it easily.
Full Bitmex Exchange User Guide
1. Sign up for a Bitmex exchange account
First, to use Bitmex, we need to register for an account. Click the register button below to receive 10% off trading fees for 6 months for free
REGISTER BITMEX 10% OFF TRADING FEE ONLY on https://www.bitmex.com/
Next, fill in all the information in the registration form as shown below, including:
Email Address
Password ( Password )
Check the box I accept the Terms of Service
Click the Register button to complete the Bitmex registration information
Fill in Bitmex account registration information
You will see a successful registration message and a request to verify your account email as follows
Bitmex Email Address Verification Notice
Next, go to your email and click the Verify My Email button to verify your Bitmex account.
Verify Bitmex Exchange Email Address
Ok, so we have completed the first step in the Bitmex exchange manual series, which is registering an account.
2. Set up 2FA security settings for Bitmex accounts
Whenever we sign up for an exchange, we also need to set up 2FA security settings for that exchange to prevent hackers from getting information and stealing your money. Hard to install security takes a little time, but it will be safe later, you won't regret it.
To install 2FA security for your Bitmex account, go to the menu Account -> My Account . Next in the Security section select Google Authencator as shown
2FA settings for Bitmex accounts
Use Authy software on your phone and scan the given barcode, then enter the code in the box and press Submit to activate 2FA.
Hint: Are you new and want to learn about Bitcoin but don't know where to start? Click here to see the Bitcoin Investment Guide for Newbies !
If you do not know how to use Authy software, you can read the article on how to use Authy.
3. Instructions for depositing and withdrawing to Bitmex accounts
As mentioned above, Bitmex only allows depositing and withdrawing 1 coin, which is BTC (on Bitmex, the symbol is XBT).
To deposit BTC into your Bitmex account, go to Account -> Deposit and you will see your Bitcoin wallet address. The next thing is to send the amount of Bitcoin you want to this address.
Deposit coins into your Bitmex account
How to withdraw
Similarly, to withdraw BTC, you go to Account -> Withdraw
Withdraw coins in Bitmex
Destination Address : The Bitcoin wallet address you want to withdraw to
Amount (XBT) : Amount of Bitcoin you want to withdraw
Click Submit to proceed with the withdrawal process
After you have deposited or withdrawn and want to see your account information, you can access Account -> Balances to see statistics.
4. Instructions for trading coins on the Bitmex exchange
To trade coins on Bitmex, go to the Trade menu above, you will see the interface as follows
Bitmex coin trading interface
Looking at the interface, you find it quite classic, colorful and a bit messy, right? I myself was quite surprised when I first started using Bitmex, but if you pay close attention, you will see that it is like other exchanges, nothing too complicated.
Looking at the left hand side you will see the Place Order section , here you will place an order to Buy or sell your coin.
Quantity : The number of coins you want to buy/sell
Limit Price : The price you set to buy/sell
Press the Buy/Long or Sell/Short button to finish placing the order
Place Bitmex Buy/Sell Orders
Place Buy / Sell orders
For example, above, I will order 1 Bitcoin for 8730 usd, then press the Buy/Long button . Or if you want to sell, press the Sell/Short.
.jpg)
.jpg)