BitMEX exchange launches spot trading for its users

It doesn’t matter if you are an experienced trader or just a beginner, choosing the right trading platform is important to make your trades successful. A great trading platform will provide the best and most advanced trading techniques, excellent customer support, and a minimal trading fee, along with many other activities while ensuring maximum security of your data.

And, BitMEX is one such exchange that has all the above features in it. This trading platform offers up to 100x leverage to the traders. Recently this exchange has opened its spot exchange that allows users to buy, sell, and trade cryptos via a fully-fledged orderbook. This feature is now live and the spot exchange is delivering a brand-new, intuitive interface and the best trading experience for the traders to buy and sell assets.

Before moving further, let’s understand the spot trading:

What is spot trading?

In the crypto sphere, spot trading refers to buying and selling of the tokens at the spot price or the current price with the intention of taking delivery of that asset immediately. This trading is different from crypto derivatives trading. The BitMEX spot exchange offers two different order types, i.e. Market Order and Limit Order.

The exchange supports seven pairs of cryptocurrencies including XBT/USDT, ETH/USDT, APE/USDT, UNI/USDT, MATIC/USDT, LINK/USDT, and AXS/USDT. Before trading on BitMEX, traders can buy Tether via the exchange’s fiat gateway partners to access the trading pairs. And for a limited time only*, you can enjoy zero fees by buying USDT via the fiat gateway partner, Banxa, etc.

Users are able to access the Spot by placing coin conversion request-for-quotes (RFQs), through Central Limit Order Books while taking advantage of API trading, as well as on the go with BitMEX Lite when Spot is launched in the mobile app soon.

BitMEX is an iconic trading platform that offers access to crypto products in the global digital market. Previously, the only restriction with this platform was that it was accepting deposits in Bitcoin, but now it’s changing as users can now use for trading and other settlements on BitMEX.

How to get started on BitMEX exchange?

To get started with this exchange, one has to register on the exchange first. The registered account holders on this platform can sign in and make Bitcoin deposits instantly. This exchange supports trading with leverage to its users. Also known as margin trading, this kind of trading allows investors to boost their trading value by borrowing capital based on the crypto assets they have.

How to spot trade on the exchange?

And to access the spot trading on BitMEX, you have to follow the three steps:

In three quick steps, you’ll be ready to start crypto spot trading on BitMEX.

1. Log in to BitMEX

You’ll need to sign in to trade on BitMEX Spot. If you haven’t yet created a BitMEX account, sign up now.

1. Go to Our Crypto Spot Trading Page
2. Navigate the BitMEX Spot Trading Interface

Our crypto spot exchange interface is divided up into four main sections including:

• Spot pairs
• Trading view window, order book and depth chart
• Buy and sell crypto
• Trading history and open orders

Trade on BitMEX spot exchange to enjoy this brand new interface and experience a great trading.

Margin trading

BitMEX margin trading is specifically useful for experienced traders, but novice traders can also enjoy its benefits if trades are done smartly. BitMEX trading platform offers the maximum leverage of 100x on Bitcoin. Let’s understand leverage trading with an example:

If you have 5 Bitcoin (BTC) to trade and you use 2:1 leverage, then you will be able to trade with 2 BTC instead of one. And, if you have 1 BTC and you use 100:1 leverage, you have the possibility to handle 500 Bitcoin instead of 5 BTC. So, this will maximize your chances of earning profits.

Use BitMEX trading bots via a third party platform

To automate your trades, making use of trading bots is beneficial. If you are new to BitMEX platform, choosing BitMEX trading bots is the better option. Through third-party crypto trading platforms like TrailingCrypto, one can effortlessly create and set up a trading bot for BitMEX. The services offered by these platforms serve as an intermediary that further makes buying, selling, and investing in multiple cryptocurrencies on different exchanges easier.

The best part about the BitMEX exchange platform is its advanced trading functions and tools. And, because it has so many advanced options, it could be tough for the crypto traders to develop a winning and successful strategy to place trades.

And, luckily, you may consider using BitMEX trading bots offered by different exchange platforms. BitMEX allows trading bots to be used on its markets which means that you can buy or sell crypto assets here automatically.

Can a trader use the same wallet for both spot and derivative trading?

Of Course, Yes! Your BitMEX Wallet can be used for both spot and derivatives trading on the exchange. Once you’ve placed an order on our spot exchange, your account balance will immediately be reduced until the order is executed or cancelled.

Aim of Trailingcrypto is to Provide a Unified Trading Platform to enable user to do trading on multiple cryptocurrency exchanges from single platform. We provide many Advance Order types which is natively not available on all exchanges.