Bitmex.com is one of the largest Bitcoin trading sites in the world, founded in 2014 by Arthur Hayes, Samuel Reed and Ben Delo. The Bitcoin Mercantile Exchange has gained more and more popularity over the last few years. In summer 2018 the daily trading volume surpassed, believe it or not, 1 million BTC.
There is one major difference to most other Bitcoin trading sites: It only accepts deposits in Bitcoin, no USD wire transfers or so. Bitmex.com is specialized in sophisticated financial operations such as margin trading, which is trading with leverage.
How to Trade Bitcoin on BitMex
In this review you’ll quickly get to know the site interface, what type of transactions can be made on the platform, which pairs can be traded and everything you need to start:
Total Beginner? If you’re completely new to the kind of margin trading BitMEX offers, our more in-depth guide for beginners about BitMEX bitcoin trading on leverage might be helpful for you. This post explains the BitMEX trading concept from scratch for trading beginners, if you have no clue at all how you should use the platform and it’s orders section.
Sign up at Bitmex.com
First of all, let’s have a short look at how to create an account on BitMEX. The specialty at this point is, that at Bitmex.com you can create an anonymous account, which doesn’t have any connection to your real name, in case you use an anonymous e-mail address for this purpose.
Create an (anonymous) Account:
First, we have to click on the “Register” button. This will take us to the next page:
Fill in with your info (e-mail address) and set up a password. You will receive an email to confirm your registration, and you’re done.
How to Navigate:
This is the main screen. On the left side, there is a panel where you can place an order, check your current position and see contract details. (We’ll be back on that later). In the central platform area the BTC deposit address of your account is placed (BitMEX only accepts deposits in BTC). On the top right, you can access your account & security options, where you can set a two-factor authentication.
On top in the middle, the other cryptos which you can trade on Bitmex.com are displayed as tabs. Your trading history is on the bottom of the platform interface, with the current positions on the first tab and the active orders on the third:
The arrangement of those widgets within your account can be changed by clicking on the button placed right on the top bar (to switch from basic to advanced display). This gives you full control of what you want to display:
How to make a Deposit/Withdrawal:
To make a deposit, select “Account” in the top bar and then “Deposit” within the drop down menu. This will open a QR Code window to complete the transaction.
BitMEX only accepts deposits and withdrawals in Bitcoin. If you don’t own Bitcoins yet, you have to purchase them in another exchange. To make a withdrawal, you have to insert the amount and BTC address to complete the transfer.
How to analyze the Graphs
For each currency pair which they support, Bitmex provides a chart section with a lot of features, making the traders who enjoy graphical analysis as happy as they can be.
You can see the bitcoin chart on the advanced interface; you can expand it, leaving only the left panel visible or even create a new window for it:
The chart section offers all tools you need to analyze the price action. You can set different time periods, change the type (line, candlesticks, and more), apply several indicators on it (in this example, we have Bollinger Bands, and EMA applied on the chart, and Chaikin Money Flow under the graph).
How to place an Order on BitMEX.com
After your deposit is confirmed by the Bitcoin network, you arrange the trading platform widgets according to your personal preferences and make chart analysis with the tools available; finally you will be able to actually place orders on the BitMEX.com trading platform.
You can use several Order Types:
Limit (the order is fulfilled if the given price is achieved);
Market (the order is executed at current market price);
Stop Limit (like a stop order, but allows you to set the price of the Order once your Stop Price is triggered);
Stop Market (this is a stop order that does not enter the order book, remain unseen until the market reaches the trigger);
Trailing Stop (It is similar to a Stop Market order, but here you set a trailing value that will be used to placing the market order);
Take Profit Limit (this can be used, similarly to a Stop Order, to set a target price on a position. In this case, you want to gain, and not to cut your losses);
Take Profit Market (same as the previous type, but in this case, the order triggered will be a market order, and not a limit one)
Where to check your Orders and current Position
All your orders can be easily viewed in the trading platform interface. There are tabs where you can select your Active Orders, see the Stops placed, check the Orders Filled (total or partially) and the history log. On the Active Orders and Stops tabs, you can cancel any order that you want, by clicking the “cancel” button.
You can also see all your currently open positions, with an analysis if it is in the black or red.
How to use the BitMEX Leverage Section
Hint: DO NOT USE leverage if you are a beginner. Bitcoin Margin Trading is only recommended for experienced traders, because of the risk of higher losses. You should really know what you are doing when lending money for bigger positions.
BitMEX allows its traders to leverage their position. Leverage is the ability to place orders that are bigger than your current wallet balance. This could lead to a higher profit in comparison when placing an order with only your wallet balance. Trading in such conditions is called “Margin Trading.”
Inside margin trading, you have two sub-types: Isolated and Cross-Margin. The latter type of trading should be made with extreme caution because you can lose all your wallet money, and not only the money used to place the order. In the first type, you can select the amount of your wallet you want to use to hold your position after the order is placed.
In BitMEX trading platform you can set your leverage level by using the leverage slider.
We have to say that for total beginners using the platform can be a bit tricky since the system works differently to other broker platforms. Therefore we’ve created an in-depth beginners guide for how to actually use it. On BitMEX, different to other brokers, you generally always trade on margin, no matter if you choose leverage or not. Our beginners guide shall help you understand why that is.
Another useful guide we’ve written is one particularly about margin trading strategies to use in BitMEX.
Margin Trading Fees:
The taker fee is 0.075% which gets multiplied with the leverage. So 10x leverage would cost 0.75% fees.
Critics of Bitmex
On this reddit page you find some criticism and opinions about Bitmex, so be aware of brokers having up and downsides and always some unsatisfied customers as well.
The BitMEX.com platform has a “References” section which covers any questions from a platform overview up to detailed explanation and examples of each order type or trading fees.
I hope this overview helps you to get started quickly on BitMEX.com Bitcoin trading site!
Getting new acts heard is not always an easy task even for major labels. In 2019 the most commonly used tactic used by managers, labels and independent artists was to get their music placed on Spotify Playlists.
Whats so important about the Spotify platform?
The reason so many labels, managers and independent artist put more effort into Spotify than they may do other platforms is because:
Spotify stream music in FLAC format which is lossless and most closest to CD quality, (unlike YouTube who designate your bandwidth to visual quality).
Spotify streams pay more than YouTube streams.
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This platform has the potential to replace the need for Radio and radio stations completely.
How do I get my music heard across Spotify and get more streams?
The trick to getting Spotify streams and getting heard across the platform is quite simply getting on Spotify playlists. Its a great way to test out the fans reaction to new music before making a video or investing more money into the project.
There are four types of Spotify playlists:
Editorial Spotify Playlists
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How can i get my music onto Algorithm based Spotify Playlists?
This is done by getting your music heard by lots of Spotify users in the first place and having real, genuine active followers, so unless your music is getting streams already or you already have a following on the platform, you may not get on these straight away. Getting on many independent Spotify playlists is a great strategy to help Spotify build up analytics for your music and give Spotify enough juice to start recommending your music to users most likely to like your music style. Once Spotify has enough data about the type of users who like your music the platform will help build up your fanbase by automatically placing your music on algorithm based playlists curated for the users unique taste.
How can i get my music onto Collaborative Spotify Playlists?
These are the easiest playlists to get on but sadly produce the lowest results and most, get little to zero engagement. To add your music, simply find collaborative playlists by searching Spotify and follow them to add your music directly from your own account. After you follow a collaborative playlist, it will appear amongst your own list of playlists and acts as such. Don't spam them or they may block the playlist from users adding future music.
How can i get my music onto Independent Spotify Playlists?
Independent playlists are playlists made by normal users like you or me. However, the ones you want to get on will have a niche following with high engagement. You can search Spotify to find these playlists and look in the description for the curators contact details. If there are no contact details maybe google and facebook the curators username to try and find their socials. Be polite and take an interest in their playlist when contacting them and be prepared to get a lot of knock backs, even the dopest track wont be liked by everyone. When contacting playlist owners make sure you check their playlist fits your genre and suits your music. You can also use chartmetric.io to find curators, playlists and their contact details. Another method would be to use free submissions sites like, Tunemunk, Indiemono, Daily Playlists, SubmitHub etc. However, this method is extremely time consuming and doesn't always produce thousands of streams or many placements due to the sheer volume of people submitting their music them also. You may find many of the playlists if not all of them that do produce good results charge fees or a donation to be placed on their playlists. This can be risky as this space is a minefield of scam-artists and playlists with fake followers. Finding the good from the bad can be expensive and again, time consuming. Nowadays many labels, managers and independent artist are more often paying Spotify Playlist Pluggers or Spotify Plugging Companies to do all this leg work as their experience in this field will save you time and money, and most importantly getting you guaranteed organic results.