One of the Best Crypto Derivative Exchange to play the leverage trading game is BitMEX. This article will give you a basic understanding of the Bitmex Exchange and how to get started with Bitmex by creating a new account using our Bitmex Referral Code.
If you are BitMEX new users and have not tried Bitmex yet then you can register now with our Referral Code, which will get you a 10% discount on trading fees for the first six months. Also, You can earn more with Bitmex by Refer a Friend Program, explained later in the article.
|10%, 6 Months
|Up to 20%
So, Crypto trading is a piece of cake for you and you have learned enough, to be able to take higher risks stepping into the big game. Well the next step you need is definitely the “Leverage Trading”.
Leverage Trading basically means you can trade with more money than you actually have in your wallet. So, obviously, more the leverage more the risk there is.
Note: If you are in a hurry then use below Direct Bitmex Affiliate Link to signup and receive a 10% fee discount for 6 months.
Bitmex Referral Code: MTOR1X
BitMEX or Bitcoin Mercantile Exchange is a cryptocurrency derivatives trading platform. It is the most advanced Bitcoin derivatives exchange. Unlike, coin exchange trading, Bitmex is a way for you to trade on leverage. They will kind of loan you money and give you a margin which will have a liquidation price.
This way the profit is multiplied and BitMEX only takes their minimal transaction fee but if your liquidation price hits you then you are gonna lose whatever you are putting in. This sure seems like an adventurous way to kick in the Crypto Adrenaline.
BitMEX is in fact, the first crypto exchange to start leverage trading and as a result has the highest volume among its competitors. It was started in 2014 and has since been able to lead the competition with its robust security and large user base. It did come under scrutiny seldom times but that has been the nature of the crypto market since the inception.
Everybody knows crypto enthusiasts and adversaries take their stand with full might and noise. Nevertheless, BitMEX still has been the top leveraging exchange with a very good track record. So, if you are a crypto enthusiast then it’s time for you to Sign Up for the Bitmex Affiliate Program so that you can also start with your extra earnings.
Other Recommended Derivative Exchanges
BitMEX Features -:
BitMEX makes it sure to lure Leverage Traders with an insurance fund and a host of features like the ones mentioned below:
- You can trade with up to 100x leverage. Although, 100x is a way too riskier but some pros may wanna play the big game.
- BitMEX promises of Industry-leading security and an insurance fund in case it gets hacked or their liquidation engine failed. Although, nothing of such sort has ever happened as of the date of writing this article.
- Only Bitcoin can be deposited and Bitcoin cannot be converted to USD or any other fiat currency.
- You can trade and make a profit or loss in terms of Bitcoin only. Meaning, You can take leverage in Bitcoin only, while buying or short selling Bitcoin/altcoins.
- Other altcoins such as ADA, ETH, LTC, EOS, XRP, TRX can be traded on Bitmex, but only Bitcoin Deposits and Withdrawal excepted.
- You can long/short other altcoins using XBT, Bitcoin though.
- Quantity is always in USD. This means that you can buy or sell Bitcoins in regards to its USD market price.
- Because you are using leverage money hence Buy or Sell is also denoted by Long or Short.
- You can trade in minutes only.
- Deposits only require 1 confirmation.
- No KYC needed to trade on Bitmex.
- US citizens not allowed, but many are using it through a VPN.
How Does BitMex Referral Work?
BitMEX also offers a very lucrative Refer and Earn Program. Sign up takes less than 30 seconds and requires no personal information.
BitMEX Affiliate Program Features and Benefits:
Benefits for Bitmex Referrals
- Sign up using Bitmex Referral link and you, as a person who has been referred to, will get a 10% discount on your trading fees for 6 months. This is a good enough deal to lure to Bitmex Exchange.
- As mentioned above, The people whom you have successfully referred will also get a limited-term Bitmex Fees discount. So, it’s a win-win situation where both parties get something.
- Only the referred person get the above-explained deal
Benefits for Bitmex Referee
- As a person who has referred other people, you can earn up to 20% Commission when you Refer to your friends.
- Your fees as a referee are paid into your BitMEX Wallet in Bitcoin.
- Each referral generates affiliate commissions for you for the lifetime of their as well as your account.
- The percentage of commissions earned depends on the Bitcoin turnover of the account’s referrals.
- Payouts are made at 12:01 UTC each day.
- A user has to complete the registration within 7 days of reference to the site, only then the referrer earns credit for the reference.
- Users must use your Bitmex Ref Link / Code during signup. Only then it will be counted as a successful referral.
Note: Fee arrangements can differ by contract but the discount applies to all contracts.
Where’s my Bitmex Affiliate Link?
Now that you know everything about the Bitmex Referral Program, I’m sure you are searching for your own referral link to share with your friends. Here’s how you can do that:
- The first step is definitely making sure that you signed up on Bitmex App / Exchange using our affiliate link given above.
- Complete the email verification process to make sure you are done with the signing up process.
- Now, Click on the “Account” button on top of the page.
- Next, Click on the “Affiliate Status” button on the left side of the page.
- You will reach on the Affiliate Page where you can find your shareable affiliate link.
- Just login to Bitmex
- Scroll down to the bottom of the page.
- Click on the “Affiliate Program” button under the About Menu.
- You will again reach on the same affiliates page with your affiliate link as mentioned in the last step above.
This is how our affiliates page looks like along with our Bitmex Affiliate Link:
Bitmex Referral Payout: Explained
|Total Referred Bitcoin Notional Traded
|% of Commissions
|> 0 XBT
|> 1,000 XBT
|> 10,000 XBT
Bitmex Referral Program – FAQ
Q1. What is the minimum payout of the Bitmex Affiliate Program?
Ans. There is none. Bitmex does daily payouts at 12:01 UTC and charges no withdrawal fees. You earn completely for free.
Q2. Can payouts be made in Altcoins or Fiat?
Ans. On Bitmex the one and only way the payouts are made is via BTC. Hence, no other methods including Altcoins and Fiat are supported.
Q3. Which crypto coins are supported on Bitmex Exchange for Trading?
Ans. Bitcoin, Cardano, Bitcoin Cash, EOS Token, Ethereum, Litecoin, Tron and Ripple are supported by Bitmex. As mentioned above, Deposits, Withdrawals and Payouts are only supported in BTC.
Q4. Which countries have restricted Bitmex usage in their jurisdictions? Can or Are they using Bitmex?
Ans. Residents of United States of America, Québec (Canada), Cuba, Crimea and Sevastopol, Iran, Syria, North Korea and Sudan are included in the restricted jurisdiction. But because the restrictions are based on IP Addresses, Hence, people from these areas can easily use Bitmex by using VPNs.
Q5. Does Bitmex affect Bitcoin Price?
Ans. Bitmex has the largest trading volume in case of leverage trading volumes on any Dervatives Markets Exchange and because of the sheer size, it has recently happened once. Bitmex had to stop all trades to stop their effect on the trading market. But since it’s inception, this has happened only once and hence, not a big thing to worry about.
Imagine, if you somehow, let’s say luckily, refer a whale trader and then every trade of his will earn you 20% of his share. Well, That’s some way to get richer. So, Bash on the ride and share your Bitmex referral code/Affiliate Link with as many friends/people as you can. The more you refer, the more you earn. Good Luck!