Now avaialble. Buy, Sell and Trade Cryptocurrencies now on BitMEX Spot.
It’s today. The BitMEX Spot spot exchange is now live, open to traders to buy, sell and trade cryptocurrencies through a full-fledged order list – with a chance to win a share of a $1 million prize pool.
Based on the needs of traders, BitMEX’s spot exchange provides a new, intuitive interface and trading experience that allows users to buy, sell and trade some of the most suitable currencies for spot trading.
These cryptocurrencies include popular portfolio staples like XBT (BTC) and ETH, rising stars like APE and AXS, and DeFi performers like UNI and SUSHI – all paired with USDT (ERC-20). For a limited time*, you can buy USDT with zero fees through Banxa – one of BitMEX’s fiat on-ramp partners.
But this is just the beginning of BitMEX spot trading. As BitMEX’s spot exchange grows, more cryptocurrencies and trading pairs – including BMEX tokens – are coming and will arrive in the coming months. What’s more, users who prefer to trade on the go will soon be able to access BitMEX Spot via the new cryptocurrency APP. More relevant information will be announced gradually.
Start trading on BitMEX Spot today, or read on to learn more about the spot exchange, giveaways and offers for traders.
Which coins can be traded on BitMEX Spot?
Users looking to buy, sell and trade cryptocurrencies with instant settlement will be able to do so on BitMEX Spot – with seven trading pairs: XBT/USDT, ETH/USDT, APE/USDT, UNI/USDT, MATIC/ USDT, LINK/USDT and AXS/USDT.
What order types will be supported on BitMEX Spot?
Depending on their preferences, traders can choose between two different order types:
- Market Order:
- A market order is a cryptocurrency-to-cryptocurrency trade that is executed immediately at the current market price. Traders use this order type when they want to complete their orders as quickly as possible.
- Limit Order:
- This order type allows users to prepare spot trades in advance. Submitting a limit order allows traders to set their own price to buy or sell cryptocurrencies. If the market reaches the limit price, the trader’s order will be executed.
How are BitMEX’s spot trading fees calculated?
BitMEX’s fee structure for providing and withdrawing liquidity is one of the most competitive in the spot market.
Simply put, a market maker is a trader who provides liquidity to the order list (also known as a market maker order). If an order lingers – i.e. it doesn’t immediately match an order already on the order list – it is considered a market maker order because it adds liquidity.
Market takers, on the other hand, are traders who take liquidity from the order list (aka market taker orders). When you submit a micro order at market price and it is executed immediately, you are considered a market taker because your order removes liquidity.
Am I eligible for a spot fee discount?
Discounts can be obtained by:
- Derivatives traders with high volumes will enjoy discounts of up to 66.67% on withdrawal liquidity rates.
- Users who stake BMEX are eligible for up to 15% discount on withdrawal liquidity rates. Please read the BMEX staking step by step guide to learn more.
The above fees will be automatically applied based on your Average Daily Volume (ADV). You can calculate your spot transaction fees here .
For in-depth answers to the most frequently asked questions about BitMEX spot trading, check out BitMEX’s blog.
About BitMEX’s Spot Trading Sweepstakes
To celebrate the launch of BitMEX’s spot exchange, for the first two months, users will automatically participate in one of the biggest prizes ever – a grand prize pool of over $1 million in cryptocurrency and prizes.
For every $250 in any crypto asset traded on BitMEX Spot, traders can get a chance to win a prize draw. This means that the more you trade, the more likely you are to win*.
Below is a breakdown of BitMEX’s prizes:
- Level 1: One winner will win $500,000 in Bitcoin and a custom AC Milan jersey
- Tier 2: Seven winners will receive 25,000 BMEX tokens
- Tier 3: Five winners will receive 10,000 BMEX tokens
- Tier 4: Five winners will receive 5,000 BMEX tokens
- Level 5: One winner will receive $3000 in Bitcoin
- Level 6: One winner will receive $2000 in Bitcoin
- Level 7: Ten winners will receive 500 BMEX tokens
- Level 8: Five winners will receive a BlockClock and Cold card
- Level 9: Ten winners will receive a Ledger Nano X
- Level 10: Ten winners will receive a copy of the Fiat Standard by Saifedean Ammous
Unmissable BMEX rewards await the arrival of new and old users
To celebrate the launch of BitMEX Spot Spot, they are offering users more ways to earn BMEX tokens. Check out the BMEX offers for new and existing users :
1. Welcome Offer
The first 10,000 newly verified users who deposit cryptocurrency on BitMEX will have the opportunity to earn up to 20 B MEX . Simply create an account and complete KYC to earn 10 BMEX, and deposit any crypto asset of $250 or more into your BitMEX wallet to earn an additional 10 BMEX.
This offer starts on May 17, 2022 at 12:00 PM HKT and ends on July 17, 2022 at 11:59 PM HKT.
2. Spot trading on BitMEX Spot
The first 10,000 users who trade spot on BitMEX will receive BMEX tokens. The more you trade, the more BMEX you get. Below is a breakdown of the BMEX for spot traders:
- Earn 15 BMEX for trading any crypto asset valued above $250
- Earn 45 BMEX for any crypto asset valued above $2,500
- Earn 90 BMEX for any crypto asset valued above $10,000
- Earn 180 BMEX for any crypto asset valued above $25,000
This offer starts at 04:00 UTC on May 17, 2022 and ends at 03:59 UTC on July 17, 2022.
Referral Offer
If the referred user completes KYC and trades any cryptocurrency valued above $250 on BitMEX Spot within 90 days of user verification, the first 2000 referees and each of their referees will receive 25 BMEX.
This promotion starts at 04:00 UTC on May 17, 2022 and ends at 03:59 UTC on July 17, 2022, and each referrer can get up to 2000 BMEX.
Start trading on BitMEX Spot
Trade on the BitMEX Spot spot exchange today, enjoy a brand new interface and trading experience and potentially win a share of up to $1 million worth of cryptocurrency and prizes.
We also encourage BitMEX users to give them their feedback via Trollbox or the Discord #spot. It is through their valuable and ongoing feedback, as well as evaluating traders’ needs, that BitMEX will continue to refine the product.
Please check BitMEX official website or contact the customer support with regard to the latest information and more accurate details.
BitMEX official website is here.
Please click "Introduction of BitMEX", if you want to know the details and the company information of BitMEX.
Comment by Hans
April 24, 2024
as I am trading here various assets, for me it's the most important feature. i mean, flexibility in tradable markets. i alternate trading styles, meaning that sometimes I trad...