Super Timestamps below!
BitMEX is a cryptocurrency exchange that is famous for its derivatives trading platform (and its 100x leverage trading). In this video we will provide an overview of BitMEX and walkthrough the testnet platform AND the real platform, going through live trades to show you how it works. If you find this BitMEX exchange tutorial video helpful, then please hit that LIKE button and SUBSCRIBE as well! Cheers!
Our personal opinion and belief is that beginners and non-seasoned traders are almost certainly much better off by only Dollar Cost Averaging and HODL-ing bitcoin and to stay far away from the leveraged trading ‘gambling’ platforms. However, if you choose to ignore our opinion and can’t resist the temptation of losing all your money with (leveraged) trading anyway OR if you already have experience and skills in margin trading, then consider signing up with our referral link, which can give you additional benefits (instead of getting not any benefit when signing up without a referral link):
BITMEX: 10% discount on trading fees during first 6 months (check if promotion is still current): https://www.bitmex.com/register/5i7rOb
ByBit (claim up to $90 of reward coupons to start risk free trading, subject to validity): https://www.bybit.com/app/register?affiliate_id=4642&language=en&group_id=0&group_type=1
0:47 Agenda for video
1:06 How To Get Started – 5 high-level steps
2:15 What is BitMEX? 16 things you need to know
3:21 How is the price index set on BitMEX?
3:57 Perpetual vs futures contracts (derivatives contracts)
4:42 Maker vs taker fees
5:09 Isolated vs cross margin
5:45 Deposits vs withdrawal information
6:22 Trying out BitMEX’s Demo/test net platform
7:45 Market buy example on Demo platform
9:50 Trying out the live platform – live trade examples
10:10 Setting 2FA security and depositing coins
14:05 Withdrawing coins process
14:25 Final thoughts to keep in mind (stop loss, liquidation process)
Resources to start learn trading: https://www.bitcoinforbeginners.io/discussions/threads/recommended-resources-to-learn-more-about-crypto-trading.14/
Simulated trading on BitMEX Testnet (do not send real bitcoin to this platform):
#Cryptocurrency #BitMEX #Exchanges
Thanks to source