This guide was created for all readers who want to know the operating principle and navigate the Bitmex stock exchange. It describes the registration process, the most important options and detailed information presented by the graph - how to use the various exchange functions.
From the article you will learn:
What is Bitmex stock exchange?
Bitmex exchange's creators are: Arthur Hayes, Ben Delo and Samuel Reed - was founded in 2014 year. It is currently the most popular platform for trading in cryptocurrencies, allowing the user to establish a position with a maximum lever 100: 1 - thanks to it provides the opportunity to increase profits, but also potential losses.
What is action?
Leveraged trading or an alternative term - trade with leveraged or residual - involves borrowing funds to increase the potential returns on a buying or selling transaction. Thanks to this, you can open positions several times larger than the current balance in your stock account.
Example 1:
You have funds in your 1 BTC account. You want to make transactions in x25 action. This way you can open a position worth 25 BTC - thanks to the established position going to go in the direction established by you - your income zwielokrotnisz 25-fold relative to the situation if you start this position without action, but you also carry the risk of 25 larger losses - if the position moves in the opposite direction to the intended one. Of course, you can post a position for any amount, even if it costs 1 dollar.
Example 2:
This is December XUMUMX, the price of BTC is around 2017 $. You think this is the peak for the moment and the price will easily fall. So you assume a short position called SHORT to buy BTC when it is at the price of eg 5000 $. The cost of your item is 100 $, but you decide to use the x100 lever, this way you risk 100 $, but the principle of action allows you to set up a position as for 10000 $. The price lost in the intended direction and on 19 November 2018 the year reached the price of 5000 $. Then you decide to close the transaction. You earned $ 30000 risking $ 100 - this is 30000% income. Without use, you get $ 300. Of course, this is an abstract example, and the Bitmex market earns residential BTC and not in $, so it is variable - but I want to show you what opportunities and potential action are great.
How to play in the action in the Bitmex market?
Bitmex stock exchange offers the possibility of trading in cryptocurrencies such as: Bitcoin, Kardan, Bitcoin Cash, EOS, Ethereum, litecoin, Tron i Ripple. Possible levers that can be used depending on the cryptogram being traded. The highest possible lever is x100 BTC, Ethereum x50, x33.33 in litecoin x20 and other available kryptowalutach.
All profits and losses are fixed in the so-called XBT - this is equivalent to the BTC name in the Bitmex exchange, therefore users of the platform have to deposit and withdraw Bitcoins, while the value of the contracts has been convert to dollars (i.e., more or less: 1000 contracts XBT = 1000 $ with lever x1, 1000 contracts XBT = 100 $ with lever x10, 1000 contracts XBT = 10 $ with lever x100).
When setting up a position - an entrepreneur (player, entrepreneur) has 2 options to choose from:
long position, called LONG - Opening this position means you are expecting a price increase of a given asset and you will earn a profit by selling the position at a higher price - at the right moment for iyo
short position, called SHORT - Opening this position means you are counting on the falling price of a given asset and you will earn a profit by buying the item at a lower price - at the right time
Liquidation price
When you open a position, part of the account balance is blocked by the stock exchange - as collateral for the funds you borrowed on the stock exchange using the foreclosure. If the transaction is successful and you close the position with income - your collateral will be refunded to you (including income) - minus fee fees. The same would be the case if you wanted to get out of position by cutting losses. However, if the assumed position goes in the opposite direction from the one you intended, and you do not close it in time - then - when the price reaches a certain price - your position is automatically closed and your security is liquidated - this is called the price of liquidation. All of this data depends on the balance size, size, position, size, leverage and can be seen in the interface during installation position and while it is active - however, I recommend you to use the available one special calculator, where you can perform all the necessary calculations before the end of the transaction.
How to create a Bitmex account - step by step
Go to the Bitmex site and create an account with your email address, password and country of residence (note if you create an account from the referral link [green text] to have 10% lower transaction costs for next 6 months):
Then accept the rules, click on registration - You will receive
verification email:
Please Verify Your Email - Hi, Verify Registration at BitMEX Thanks for registering to trade on BitME.
BitMEX
Then, he recommends the entry of her account:
and security objectives -Google Authenticator settings on your account:
Google Authenticator Safe Session Duration Yubkey In order deposit- we go to the appropriate tab - copying your address in BTC payments and make a deposit from in some external resources:
When we do, and will post our payment -see we have it in the appropriate tab shows the status of our account:
