What are the advantages of being in cash on BitMEX compared to other exchanges?

3 answers

• Dec 15, 2021 · 3 years ago
  One advantage of holding cash on BitMEX is the ability to trade with leverage. BitMEX offers up to 100x leverage, allowing traders to amplify their potential profits. This can be especially beneficial in volatile markets where price movements can be significant. Additionally, BitMEX has a user-friendly interface and provides advanced trading features such as stop orders and trailing stops, which can help traders manage their positions effectively.
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• Dec 15, 2021 · 3 years ago
  Compared to other exchanges, BitMEX has a strong reputation for security. The platform has implemented robust security measures, including multi-signature wallets and cold storage for funds. This provides users with peace of mind knowing that their assets are protected. BitMEX also has a transparent liquidation process and a strong risk management system, which helps to minimize the risk of unexpected losses.
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• Dec 15, 2021 · 3 years ago
  On BitMEX, being in cash means having the ability to earn interest on your idle funds. BitMEX offers a feature called BitMEX Savings, where users can deposit their cash and earn interest on a daily basis. The interest rates are competitive and can provide an additional source of income for traders. This feature is not commonly found on other exchanges, making BitMEX an attractive option for those looking to maximize their returns.
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