Mmmm interesting. Yes i understand that expert traders can take advantage of the accessibility of the high leveraging system in bitmex.
Mmm I can't speak personal, since I haven't really used the system but i heard that the user interface is hard to navigate! The fees are actually higher than any other exchange that i know of. How much is a user paid for adding liquidity? Obviously it is a high risk, high reward system.
Well bots are prevalant on mostly all the exchanges that I have seen. yeah i don't know what the "volatility of futures mean. Yeah limits are very important, i just haven't really learned how to use them properly!
Yes, bitmex is a very dangerous exchange for noobies for that reason. Since bitmex promotes high leverage in the system.
I won't write it off completely, but the fact that it is blocked from all people in the US is pretty sketchy to me. Not really an attractive landing page right after signing up!
No, the fees are not higher than any other exchange, are you mad? Any exchange that offers margin trading charges you fees on the value of the order, not the value of your equity. So if you enter with a liquidity-taking order and exit with a liquidity-making order, BitMEX with charge you a net 5 basis points, and e.g. Bitfinex will charge you 30 -- in both cases, on the entire order amount.
The fact that Bitfinex only gives you up to 3.33x leverage doesn't make their fees "lower".
Lol, I wrote the a long time ago based on the reviews from others and them not allowing me to use bitmex because I live in the united states. No personal experience of my own, except for the fact that I was rejected from the exchange. Also was pretty noobish to trading and exchanges back then.
Well said comment, thank you for correcting my inaccuracies.