Bexplus, the Best Alternative to BitMEX For Three Types Of Traders
SHARE ON TWITTER SHARE EMAIL
The announcement that one of Bitmex’s co-owners, Samuel Reed, had been detained in Massachusetts caused the open interest on Bitmex’s bitcoin futures market to plunge by 16 percent, bringing it to a new low of 45,122 BTC. It has been alleged that four of Bitmex’s co-founders and executives were negligent in their duty to prevent potential instances of money laundering involving individuals from the United States. The price of Bitcoin fell all the way down to $10,437 from its previous high of $10,883, which is a loss of 4.11 percent.
BitMEX has experienced a tumultuous few years in the recent past. In 2019, BitMEX was embroiled in a number of scandals, one of which accused the exchange of deliberately liquidating clients in order to increase profits. Then, some months later, there was a significant breach of user confidentiality, and the company’s Twitter account was compromised. As a result of this event, considerable concern regarding the safety of trading platforms was sparked.
The scandals involving BitMEX throw up several major warning signs. It is to everyone’s good fortune that there are numerous mature trading platforms that offer safe and open futures trading services. They appeal to a wide variety of traders since they offer a variety of advantages.
Bexplus is a bitcoin-based cryptocurrency exchange that offers 100x leverage perpetual contracts trading to 5 prominent cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Ripple (XRP). This platform is one of the most worthwhile to test out.
Due to the fact that Bexplus caters specifically to the needs of three distinct categories of traders, it is highly recommended that you schedule a tour of the platform if you fit into any of these categories.
Trade on Bexplus if you dislike KYC
Bexplus, which was founded in the latter half of 2017 and has its headquarters in Hong Kong, is a company that offers its services all over the world, including in countries such as the United States of America, Japan, Iran, Korea, and Saudi Arabia. Traders can register with just their email address and start trading within minutes because there are no KYC requirements.
Trade on the go with the powerful Bexplus app
Bexplus stands out from Bitmex thanks in large part due to its superior trading application. Bitcoin is traded continuously, around the clock, and sudden, significant price shifts can occur at any moment. The Bexplus app is the appropriate tool for you to use if you want to be able to monitor your account at any time and from any location. You will always be up to date with the market thanks to the notification that is sent around the clock. Desktop computers, mobile phones, and tablets are just some of the many types of devices that can be used to access any and all data and assets.
Bexplus Trading App If you are just starting off, you should trade using Bexplus.
For first-time users, both the UI and the trading regulations of Bitmex can feel overwhelming. The intuitive and feature-rich user interface of Bexplus is designed to meet the requirements of not only seasoned users but also novices. Through practise on the trading simulator, users can quickly become accustomed to the user interface (UI). There is a wide selection of drawing tools and indicators available to pick from if you have an interest in evaluating the trends in the market.
Trade on Bexplus if you are a beginner
The P/L calculator is yet another tool that is helpful for novice users. Traders are able to evaluate their potential profit or loss as well as any associated fees before opening a contract.
The first step toward achieving your goals is to locate an appropriate platform. Bexplus is among the most reliable alternatives to Bitmex, particularly for traders in the United States. Users can now receive a deposit bonus of up to 10 BTC when using Bexplus. Don’t be afraid to give Bexplus a shot if you want to make the most of your BTC investments.
Advantages of Bexplus
There is no necessity for KYC, and registration only requires email verification.
Demo account with 10 BTC allows traders to practise leverage trading and get acclimated to the market
One hundred percent additional money on top of that, and ten percent off of each and every transaction.
App available on the Apple App Store and Google Play that is user-friendly and packed with features; affiliate network that offers commission rewards of up to 50 percent
24/7 customer assistance