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Topic: Is it safe to trade on bitmex??? (Read 584 times)

hero member
Activity: 1134
Merit: 502
October 03, 2018, 11:43:42 AM
#42
Well I've seen a lot of market manipulation that has ended up closing out the shorts a few times now on Bitmex. I definitely wouldn't say it's worth holding margin trades open for a long time on there, otherwise you're going to be subjected to one of these wild price swings eventually leading your short/long to close automatically.

Stick with traditional exchanges unless you have big balls.
full member
Activity: 206
Merit: 100
Decentralized Ascending Auctions on Blockchain
October 03, 2018, 11:01:34 AM
#41
Bitmex  have more than 1,5 billion dollar cap so you dont need worry about this exchange. better to think how to make more money is better
sr. member
Activity: 546
Merit: 253
October 03, 2018, 10:32:26 AM
#40
I think it is ok. you should not to be worried. Bitmex is one of the biggest exchanges in the world.  you just need to trade and use accounts carefully then you are safe.
sr. member
Activity: 656
Merit: 250
October 03, 2018, 09:13:33 AM
#39
It is not safe to trade on all of centralized exchanges and I think it is much more risky to trade on less known, low volume exchange.
Low volume really? when I checked at coinmarketcap its volume 250,000 btc in 24 hours Is that a low volume to you? Its a favorite trading site of traders using leverage system and has a huge volume everyday about its safety no one can tell but its a trusted trading site for bitcoins.
hero member
Activity: 1092
Merit: 500
October 03, 2018, 08:11:59 AM
#38
Is it safe to trade on bitmex?

1) I have experienced most of the times that the liquidation occurs very often and this rises a question if bitmex is real or fake.The second reason is whenever the market is down or hitting low prices the drop in bitmex is very huge compared to other exchange.This points really rises a doubt in my mind regarding the reliability on bitmex. Roll Eyes

2) I am not sure if trading bots on bitmex are real or not. Huh
Bitmex is a popular trading site because many sites are give the positive feedback of this exchange but you should research your own you will understand the exact information because user rating is 2.9 and many users are give negative feedback of this site so I am not prefer this site you should use Binance or bitterex your investment is 100 percent safe.

I really don't doubt it's popularity ,but according to my observations I think that some times the price fluctuations are done purposefully whereas i am pretty much confident about Binance and Bittrex.

I'm not quite familiar with bitmex, I just heard it and read it in some of the forums section here.  Maybe the only things which I could suggest is observe to their chat in bitmex what is their comments or feedback about the exchange, then check the volume if this platform has a moderate volume in the market at least, then if it is. Well, probably you can try to use it but if there are lot of their traders complaining to their exchange site better not using it.
jr. member
Activity: 422
Merit: 9
October 03, 2018, 07:45:53 AM
#37
Bitmex is very risky for me. Cause I don't know how to start leverage trading. That's why so many people don't like to trade on Bitmex. It's very high risky trading platform. So I suggest everyone don't use this exchange without proper knowledge about leverage trading.
member
Activity: 308
Merit: 10
AMA BCT
October 03, 2018, 07:38:31 AM
#36
Is it safe to trade on bitmex?

1) I have experienced most of the times that the liquidation occurs very often and this rises a question if bitmex is real or fake.The second reason is whenever the market is down or hitting low prices the drop in bitmex is very huge compared to other exchange.This points really rises a doubt in my mind regarding the reliability on bitmex. Roll Eyes

2) I am not sure if trading bots on bitmex are real or not. Huh
I think you should trade there because I have been trading on the bitmex trading platform for quite a long time and no problem. Its price will not say much because they do not have many real investors. In terms of safety, I still appreciate Bitmex.
hero member
Activity: 1778
Merit: 504
WorkAsPro
October 03, 2018, 07:21:44 AM
#35
It is safe to trade at Bimex Exchange but I do not encourage people to participate in this exchange as this is where many people have lost all their possessions by margin. If you are an investor, it is best to stay away from this exchange because if you join you are exchanging your future for gambling
newbie
Activity: 14
Merit: 0
October 03, 2018, 05:48:24 AM
#34
I've used it for some years, it's working all fine for me.
I never had problems with it.

> Netcre
sr. member
Activity: 1008
Merit: 297
Grow with community
October 03, 2018, 04:59:36 AM
#33

Is it safe to trade on bitmex?

1) I have experienced most of the times that the liquidation occurs very often and this rises a question if bitmex is real or fake.The second reason is whenever the market is down or hitting low prices the drop in bitmex is very huge compared to other exchange.This points really rises a doubt in my mind regarding the reliability on bitmex. Roll Eyes


Extreme volatility would caused the frequent liquidation on this type of exchange

And exchange Volume will speak itself on its Market price, if its high volume expect a differences in prices compared to other exchanges

Quote
2) I am not sure if trading bots on bitmex are real or not. Huh

These were raised a lot questions to traders

however if you look closely, its a possibility of being there is and there's not

One thing for sure that this exchange is not for newbies



legendary
Activity: 1652
Merit: 1057
October 03, 2018, 03:24:45 AM
#32
It is very safe, haven't heard anyone complain about it being hacked or losing funds, just that the type of trading on bitmex is risky, another thing is their withdrawal charges, usually higher compared to other exchanges
One of the reasons I really do not fancy trading on bitmex is just simply because right from time, I have always believed that spot trading is usually the best way to go when it comes to approaching trading. I know marginal trading means the possibility of more money, but personally, it is that more money most of the time that has put a lot of people in trouble by losing their funds hugely after getting liquidated. Shit happens in all market, but the thing with margin trading is that, it is a shit that can either make you or mar you as the case may be.

i think it's safe bro. don't be afraid. my brother use that and he said it safe
Being safe in the aspect of security by now is one thing I believe everyone should know that security is something that is on each individual. Bitmex has option for additional security and I believe they have a good secured system in place, which is still what is making them stand strong and growing daily anyway.


We should all must understand is that safety can come in different ways which could ball down on the safety of your funds due the decisions you make yourself. Anyone who wants to start their trade going marginal, should better be ready to learn more and practice spot trading if they have to before going this lane.
legendary
Activity: 1526
Merit: 1179
October 01, 2018, 06:28:37 PM
#31
Lots of issues rises on your part so why still longing for this exchange when theres alot of choices you might have?leave bitmex and go to more successful,safer and popular exchangers .
People use BitMEX for a reason, and that's exactly why there isn't an easy way to simply hop over to another exchange. BitMEX is the best in what it does, where the second best option is orders of magnitudes behind.

The most important factor of safety is that BitMEX doesn't operate hot wallets, which is something that directly makes sure that hacks with coin loss isn't going to affect their platform.

It indeed means that withdrawals are being sent out way slower (once a day in BitMEX's case), but I gladly accept that with security in mind. Exchanges operating hot wallets will all become victim of hackers stealing coins. It's only a matter of time.
member
Activity: 523
Merit: 11
October 01, 2018, 11:19:22 AM
#30
I have seen in many trading signal telegram channel was promote and use Bitmex, and also i have seen many youtuber also promote it, that prove if this platform really legit and the founder of Bitmex Arthur Hayes has good marketing strategy to increase number of trader. Deposit and withdrawal is safe but margin trading with high leverage is not really safe.
bitmex promotion is currently being carried out on many social media, so maybe if bitmex can be successful and give traders a safe feeling, bitmex will be loved by many people. maybe this will happen to us many who don't know how to exchange this bitmex.
hero member
Activity: 2744
Merit: 541
Campaign Management?"Hhampuz" is the Man
October 01, 2018, 10:50:35 AM
#29
Is it safe to trade on bitmex?

1) I have experienced most of the times that the liquidation occurs very often and this rises a question if bitmex is real or fake.The second reason is whenever the market is down or hitting low prices the drop in bitmex is very huge compared to other exchange.This points really rises a doubt in my mind regarding the reliability on bitmex. Roll Eyes

2) I am not sure if trading bots on bitmex are real or not. Huh

Lots of issues rises on your part so why still longing for this exchange when theres alot of choices you might have?leave bitmex and go to more successful,safer and popular exchangers .

Try to find local exchangers and bring your funds there,actually you dont need advices because it seems like you are a good trader and a knowledgeable person
sr. member
Activity: 1624
Merit: 250
October 01, 2018, 10:10:52 AM
#28
i think it's safe bro. don't be afraid. my brother use that and he said it safe

Believe me, if you don't have 100 trillion USD in your account, your money cannot be stolen. Because people don't want to disrupt the system they built, maybe they earn a million times more than your money. Also, Bitmex is one of the proven trading platforms.
hero member
Activity: 994
Merit: 504
October 01, 2018, 09:47:16 AM
#27
Is it safe to trade on bitmex?

1) I have experienced most of the times that the liquidation occurs very often and this rises a question if bitmex is real or fake.The second reason is whenever the market is down or hitting low prices the drop in bitmex is very huge compared to other exchange.This points really rises a doubt in my mind regarding the reliability on bitmex. Roll Eyes

2) I am not sure if trading bots on bitmex are real or not. Huh

Since almost more traders are there then I preferably say that it is safe there. I do also go and trade there and it is fine for me. Hope things doesn't go wrong.
jr. member
Activity: 196
Merit: 2
TREEBLOCK.io
October 01, 2018, 08:37:48 AM
#26
I have used bitmex before though i am not their regular users, but with the few things i have used them, I don't have any issue with them, and yes it possible that price might varies with little difference on exchange, but you should know that market is been driven by the demand and supply and that's the reason why people prefer to trade with high liquidity exchanges
copper member
Activity: 18
Merit: 0
October 01, 2018, 03:27:11 AM
#25
i think it's safe bro. don't be afraid. my brother use that and he said it safe
legendary
Activity: 938
Merit: 1002
September 30, 2018, 01:39:16 PM
#24
BitMEX is a Bitcoin platform and other Bitcoin based Bitcoin generators. BitMEX is a wholly-owned subsidiary of HDR Global Trading Limited, which was formed in 2014 by three financial, commercial and technical specialists, including Arthur Hayes (CEO), Samuel Reed (CTO) and Ben Delo (COO). BitMEX was officially launched on November 24, 2014, was one of the first trading platforms at the time. BitMEX is one of the oldest and most trusted Bitcoins
Not sure if you dubbed this from somewhere or you know exactly what you are saying with that your last statement, about bitmex being one of the oldest and most trusted Bitcoins. Oh! I guess you forgot to copy the rest!! Grin
Bitmex is a marginal trading platform and over the years has been able to gain some good reputation, so trading safely on bitmex, is dependent on your ability to keep your account properly secured and your ability to know how to trade effectively.
copper member
Activity: 308
Merit: 1
September 27, 2018, 08:14:38 AM
#23
It is very safe, haven't heard anyone complain about it being hacked or losing funds, just that the type of trading on bitmex is risky, another thing is their withdrawal charges, usually higher compared to other exchanges
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