Bitmex.com Review: Is it a Legit or a Scam?
Opportunities abound in the Cryptocurrency space waiting to be harnessed or further harnessed if they have been explored previously. These opportunities open up the path for entrepreneurs to directly own their share of the Cryptocurrency market without directly being involved in buying and selling digital coins per se.
Be it equipment leasing or brokerage, repairs of faulty ASIC miners, and other notable services bearing a link with cryptocurrencies, Companies are trying their best to be sure they position themselves properly in the minds of the public. That is exactly the case with bitmex.com.
About Bitmex.com
Bitmex.com was originally founded in 2014 by Founded in 2014 by co-founders Arthur Hayes, Ben Delo, and Samuel Reed under the platform of HDR Global Trading Limited, which is registered in Seychelles.
Ever since its establishment as a cryptocurrency company, there have been quite a number of improvements and expansions over the years. To put it in perspective, here is how the journey of Bitmex.com has progressed;
2015–2016
After the first and second years of its establishment, Bitmex.com moved to launch Bitcoin perpetual futures, with options of about 100× leverage, which boosted a wide range of adoption and trading volume among users.
2018
Bitmex.com had grown significantly, 4 years after its establishment, to become one of the world’s most liquid crypto-derivatives platforms. Such has been the progressive growth of Bitmex.com as a cryptocurrency-based company.
Services Offered by bitmex.com
- They provide a platform for swapping deals, futures, and options on top-selling crypto assets like Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and more.
- Bitmex.com offers APIs and demo TestNet trading.
- Bitmex.com, as a site, has a trading dashboard with a live “Trollbox” chat feature. In addition, its leaderboard and responsive support feature, via email, chat, Telegram, and Discord, are all stand-out services that separate the company from the rest.
Claims Made by Bitmex.com
Below are strong claims put forth by Bitmex.com.
- BitMEX.com is positioned as one of the leading exchange companies with professional-grade exchange features.
- Bitmex.com parades itself as a leading professional skilled in handling Advanced trading tools (the likes of APIs, TestNet demo account, leaderboard, cold/wallet security)
- Claims of a very Strong infrastructure, with inclusions of multi-sig cold storage, AWS hosting, 2-Factor Authentication (2FA), and IP pinning.
Judge for yourself if these claims are true and easily verifiable from the subsequent sections.
What Customers Are Saying About Bitmex.com
The reviews branch off into both the positives and negatives. Without further ado, let’s take it up from the positive end.
Positive Feedback
- Pro traders are in praise of Bitmex.com for high liquidity, low fees, demo access, and advanced toolsets.
- Their Customer support centers sometimes receive high marks for quick response via live chat, with a minimum of less than 20 seconds, most of the time.
Negative Reviews
Sadly, some reviews never seem to make it to the positive side, so they consequently take the negative trail. Just as we discussed below;
- Having been flagged a couple of times on CyberCriminal.com for low trust scores, increasing AML concerns, blacklisting, and high level of risks.
- Repeated instances of phishing, manipulative tendencies, and other misconduct.
- Unethical incidents of blocked withdrawals, unexplained account closures, system freezing during volatility, stop-loss manipulations, and slow support tend to cap it all up.
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Is Bitmex.com Legit?
Finally, we are down to the all-important question, and yes, we must do justice to it. Of course, BitMEX.com is a real, operational, and legit platform with millions of daily entries and a proven track record over time.
Hence, bitmex.com isn’t new to the game, only that most of its features are stand-alone exceptions for experts who are worth their salt in handling complex case scenarios.