How to use Bitmex exchange ver. 2021

 

 

0. What is BitMEX Margin Trading?

 

- Margin trading is short-term borrowing of funds from the BitMEX exchange based on margin.

 

- If the margin multiplier is high, the rate of return can be improved, but forced liquidation may occur.

 

- Learn more about margin trading, margin multiplication, and forced liquidation with images!

 

 

 

1. How to sign up for Bitmex

 

- After entering your email, password, nationality, and name, email verification is completed and membership registration is complete.

 

- I will show you the process one by one!

 

 

2. Bitmex Google Authenticator Settings

 

- Google Authenticator is a security app and can be set as a secondary authentication method in BitMEX.

 

-You can protect your account more safely, and you can see all the procedures in the post~

 

 

3. BitMEX Deposit Method

 

- Since BitMEX does not support deposits and withdrawals in KRW, you must purchase and deposit Bitcoins at a domestic cryptocurrency exchange.

 

- You can deposit/withdraw in a very simple way and we will guide you through the procedure!

 

 

4. Order BitMEX

 

- There are two main ways to place an order. These are the limit price (maker) and market price (taker).

 

- In addition to the two types of orders, there are limit loss, stop limit market price, tracking stop loss, take profit limit and take profit market order.

 

- Understanding each order type is a great help in trading!

 

 

6. BitMEX Short Buy

 

- There are two main types of trading methods in BitMEX margin trading. Short buy & sell.

 

- There are some terms that you must know before trading.

 

- We will explain each term and explain how to make a short purchase.

 

 

7. BitMEX Short Selling

 

- The biggest reason for margin trading is that individuals can also short sell.

 

- You can bet on the rise as well as the decline through short selling.

 

- In addition to low fees, you can also use leverage.

 

- I will tell you the process of placing a short sale order one by one!

 

 

8. BitMEX Margin Call

 

- A margin call means that the position you entered was forcibly liquidated.

 

- This is a system introduced to prevent traders' balances from going below zero.

 

- When short buying & short selling, the margin call liquidation price appears according to the leverage ratio, and risk management must be performed to prevent this!

 

 

9. Defending BitMEX Margin Call Forced Liquidation

 

- In order to prevent the forced liquidation of margin calls, there is a way to prevent this in advance.

 

- You can avoid the worst by using the option to close the position between the entry and exit price before entering the position!

 

 

10. BitMEX Margin Transaction Fee

 

- Fees are directly related to the rate of return in trading.

 

- You can carefully manage and manage your funds by familiarizing yourself with this in advance.

 

- We explain not only transaction fees, but also deposit/withdrawal fees and funding fees! ~

 

 

11. BitMEX funding fee

 

- Funding fee is a system adopted by many futures exchanges in order to minimize the Nav% gap between futures and spot prices.

 

- Depending on the direction of the position (up or down), you can pay or receive the funding fee.

 

- We will guide you on how to monitor your funding costs, along with tips on how to receive them!

 

 

12.BitMex mock investment site

 

- BitMEX operates a mock investment testnet.

 

- We recommend that you practice in advance and, if you think you have a chance, put your money into operation!

 

- We will tell you how to sign up for testnet membership, how to deposit funds and how to trade!

 

 

15. BitMEX margin added

 

- In BitMEX, there is a way to inject additional funds after entering a position.

 

- You can use the margin add/remove function to manage funds such as watering.

 

- We will tell you the procedure to use the function in order!

 

 

16. How to Calculate BitMEX Revenue

 

- There is a tab that shows profit or loss by default in BitMEX.

 

- But there's something else to keep an eye on!

 

 

Extra: Frequently Asked Questions & Answers

 

- This Q&A provides information to fill in the missing parts in the above manual.

 

- We also present topics and ideas that have not been covered!~