bitmex tether zero fees

Trade with Tether coins on BitMEX now

For many years, BitMEX traders only used Bitcoin as margin and settlement. Now this will change forever.

Now, all traders can use Tether (ERC20-USDT) as margin and settlement on BitMEX.

In order to meet this, BitMEX will reduce the fees for all BitMEX margin contracts with USDT to zero in the next 30 days (until December 9th).

That’s right-when you use USDT to trade before December 9th, everyone is entitled to zero handling fees.

To celebrate, BitMEX will reward some of BitMEX’s early depositors, users and recommenders with a personalized AC Milan/BitMEX suit and limited edition NFT.

The referrers will also like the new incentives BitMEX introduced specifically for them during the event, their referees’ trading volume reached 15 million USDT, and they could receive a bonus of 1,500 USDT.

Trade Tether on BitMEX

What you need to know before trading with USDT

Here are some very important details to keep in mind:

What BitMEX uses is the Tether coin issued on the Ethereum network, which is the so-called ERC20-USDT.

Please do not send TED coins issued on the Tron network (TRC20-USDT), or any other currencies other than USDT, such as BSC or ERC20. BitMEX will not be able to restore it.

BitMEX will prompt on the deposit page, but this is also worth emphasizing here.

This means that BitMEX will have some contracts with Bitcoin as margin, and other contracts with USDT as margin. The margins of these two currencies cannot be shared yet, but BitMEX has heard from you that this will be launched in 2022.

BitMEX is moving from a Bitcoin-only insurance fund to a dual insurance fund that covers Bitcoin and Tether.

This will require occasional transfers between the two, so don’t panic. BitMEX still has one of the largest insurance funds in the industry-if not the largest.

These changes are just the beginning of a better BitMEX. As BitMEX makes progress on more than just derivatives strategy, BitMEX’s first priority is you, the trader.

Traders have already stated-USDT margin and settlement are not negotiable. Therefore, although BitMEX has not introduced this change until now, BitMEX does not intend to stop before accelerating other improvements to BitMEX.

As BitMEX does this, it look forward to maintaining a dialogue with you to ensure that BitMEX prioritizes the most important matters.

Open BitMEX’s Account

Why BitMEX added USDT (Tether) coin?

The tradition of BitMEX is as a pure Bitcoin margin platform, but with the advent of Tether (ERC20-USDT) for margin and settlement, all this has changed. This is the most influential product expansion in BitMEX history, but this is actually just the beginning of the positive changes BitMEX plans.

To celebrate, BitMEX provides all traders with some incentives that should not be missed. You won’t want to miss this:

Free transaction
Within 30 days (until December 9th) all contracts with USDT as margin will have zero fees.
Increase referral rewards
BitMEX will provide a reward of 1,500 USDT to recommenders who have recommended a total of 15 million USDT before December 9th.
Early depositors
If you make a deposit before today and maintain a minimum balance of 250 USDT before December 9, you will receive a bonus of 50 USDT.
It seems someone mentioned souvenirs?
BitMEX will also reward BitMEX’s early depositors, users and recommenders with personalized souvenirs and limited edition NFTs.

Adding Tether coins to BitMEX is the way it embraces the wave of retail adoption that has swept through.

But the big picture here is not about Tether itself, but about how it expands the range of products that BitMEX can provide. This method plus a new set of products aims to provide daily users with more trading opportunities.

BitMEX is on the road beyond derivatives. Tether margin products are an important milestone in BitMEX’s transformation. But BitMEX will also retain what makes BitMEX stand out: superior trading technology, rock-solid security, and the industry’s largest insurance fund.

Go to BitMEX’s Official Website