BitMEX is one of the world’s most popular cryptocurrency margin trading exchanges, but naturally, there are others out there with different things to offer.
In this guide, I will be uncovering some of the best alternatives to BitMEX where you can trade Bitcoin & other Cryptocurrencies with leverage.
If you don’t want to read the full guide, here are the 5 best BitMEX alternatives:
What is BitMEX?
BitMEX is a cryptocurrency derivatives and futures exchange. This essentially means that you can trade with more Bitcoin than you own on BitMEX.
Don’t get me wrong – it’s a great exchange, but it does have it’s flaws.
What are some of the problems with BitMEX?
- You can only deposit Bitcoin onto the exchange
- They experienced an email database leak
- Sometimes the trading engine freezes and you can’t get orders through
So, what are the top 5 BitMEX Alternatives?
So now let’s get to what you’re here for; to find a suitable alternative to BitMEX.
Bybit is the new kid on the block having launched in early 2018.
Surprisingly, in that short amount of time, it has become one of the most popular cryptocurrency margin exchanges of all time.
This is due to it being laser fast, secure and experiencing no lag or order failures.
You can get a $90 free BTC bonus on Bybit by registering below and making a valid deposit.
Bitfinex is well-known as the daddy of crypto. Having launched in 2012, Bitfinex became extremely popular as the predecessor to Mt. Gox – the first large Bitcoin exchange in history.
You can trade with up to 3.3x leverage on Bitfinex with high levels of liquidity and security.
Many people rely on Bitfinex for being a reliable place to trade Bitcoin & other Cryptocurrencies.
Enjoy 6% off Bitfinex trading fees by using the button below to register on the exchange.
Good margin exchanges are hard to come by in the crypto world. EMX is one of those rare gems, but it is yet to stand the test of time that BitMEX has.
Nevertheless, this exchange is impressive, with high frequency education and several varied contracts, EMX maybe the perfect BitMEX alternative for those who don’t mind verifying their identity.
By using the link below, you can get 20% off EMX trading fees for the first 6 months of your account life.
All the way from Amsterdam comes Deribit – a highly liquid Bitcoin & Ethereum futures exchange.
Deribit has a world-class mobile app which is ideal for those who like trading Bitcoin on-the-go.
Deribit’s main USP is that you can trade Bitcoin options too – this is one of the only websites in the world where you can do this.
Grab 10% off Deribit fees by using our exclusive link below.
Modern, sleek and fast. StormGain is another new cryptocurrency derivatives exchange with up to 100x leverage.
The beauty with this exchange is that you can deposit with multiple assets, including USDT.
Check out a full review of StormGain over at tradingapps.org.
I hope you found this guide useful and have found the perfect BitMEX alternative for you. Do you know of any other good BitMEX alternatives? Let me know in the comments section below and I’ll take a look!
Enjoy trading crypto!