Bitmex Bot and Trading Explained for Beginners
Bitmex trading is now considered to be one of the most profitable ways if you’re looking to enter the trading industry. In general, you’ll often hear people talk about how this trading is considered to be risky. Always remember this: this industry has always been on the risky side if you don’t know what you’re doing.
Without utilizing the proper tools and without prior knowledge of how this works, it can be difficult. However, this doesn’t mean that beginners won’t be able to take advantage of it. It’s all about learning the right tools to use. Personally, I think this is where Bitmex bots enter the scene as they’re a huge lifesaver.
Bitmex Trading And How Does It Work?
Before we get into the specifics, let us quickly discuss what Bitmex trading is all about. This is one of the latest platforms that a lot of experienced traders use to trade Bitcoin currency. Founded by former experienced bankers, who are all now known as HDR Global Trading Limited, their platform operates all around the globe. With more than 540,000 accesses and daily trading volume of 35k BTC, the said platform has a history of trading with more than 34 billion dollars since their operation started.
Let’s get started: as opposed to other trading platforms, Bitmex only accepts Bitcoin deposits. This means that you cannot use any currency other than Bitcoin – but don’t worry as you can use your deposit to purchase various types of cryptocurrencies. One of their specializations is margin trading, which means that when you place a trade, you’re trading with leverage.
Unlike stock exchanges, Bitmex makes use of cryptocurrencies which simply mean that as of the moment, they’re not regulated in any type of jurisdiction.
Bitmex bot is now considered to be the number one choice for margin trading simply because of its outstanding leverage options. With that being said, you need to develop a strategic trading strategy if you’re going to take the risks, and you can’t do better than using the Bitmex trading strategy than anything else.
Benefits Of Using Bitmex Bot for Your Cryptocurrency Trading
Whether you’re a beginner or an experienced trader, it’s still difficult to come up with a strategic plan which lets you determine which to trade, and which ones you shouldn’t bother buying. The platform allows you to see their live trades, which users are always free to copy. This means that the guessing game is almost taken care of for you, and all you need to do is to analyze and see which amongst those trades you’d want to go for and bitcoin bot with bitmex is good for it.
As of the moment, there had been successful reports and happy traders within their account. In fact, its traders have reported a 20% growth in their trading account after using the Bitmex trading platform.
Aside from that, there are many other reasons why Bitmex bot is right for you and why this is the top choice of traders, and these are:
Easy And Anonymous Sign Up Process
No matter what your reason is, we know some of you aren’t comfortable giving out your information to third-party companies, especially when it comes to trading platforms. Unlike other platforms we’ve seen out there, Bitmex’s sign-up process is relatively easy and fast.
There’s no need to provide proof of identification and the entire process can take up a couple of minutes. You get to focus on more important things rather than taking care of unnecessary requirements even before you can get to trading.
Low Fees
If you’re into small intraday trades, you’ll love Bitmex trading even more. You have the ability to make a call and cashout your trades without the complicated process. This alone is something that not all traders offer – and this makes it a great feature.
Speaking of making money, compared to other trading platforms, Bitmex has low fees which means that you’ll get to receive a huge chunk of your successful trades without having to worry about your broker or trader getting the rest of it. They have crazy low fees which simply means you’ll get to enjoy more wins.
Bug-Free Trading Engine
One of the most irritating things when making an online trade is when the engine suddenly stops working. Bitmex has a flawless trading engine which has been perfectly engineered to make sure that you don’t have to worry about “glitches” and “bugs” every once in a while.
User-Friendly Interface
If you’ve tried various trading platforms before, you’ll know and understand that the huge majority of these platforms have an interface that’s too difficult to use and understand. Bitmex got rid of that problem and offered a user-friendly interface to all of its traders. This means that you get to focus on your trading, and less worrying about where to go and which buttons to press. In fact, the entire interface and smooth that you’ll be able to get around it even after you signed up.
Includes All Professional Types Of Orders
This is by far one of the most important factors and reasons why many people choose Bitmex among other traders. This is crucial as you don’t want to be limited when it comes to order types.
Conclusion: Why Choose Bitmex For Trading Bitcoins?
In general, it only takes a couple of minutes to get used to the platform, and you’ll be able to make your trades as soon as you make your first deposit. Many people have seen huge successes using this bitcoin trading bot as it doesn’t just make their life easier, but it also helps them with their trading decision massively.
Everything on Bitmex is being calculated for their users – which means that the guesswork is taken care of for you and all you need is to hit that trade button. The efficiency of the platform is just one of the thousand reasons why Bitmex works for most, and we don’t see any reason why it won’t work for you.