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What are the alternatives to BitMEX for US residents?

avatarmiletOfficialDec 15, 2021 · 3 years ago3 answers

Can you recommend any alternative cryptocurrency exchanges to BitMEX that are available for residents in the United States? I am looking for platforms that offer similar features and trading options as BitMEX, but are compliant with US regulations. It would be great if you could provide some insights on the best alternatives and their key features. Thank you!

What are the alternatives to BitMEX for US residents?

3 answers

  • avatarDec 15, 2021 · 3 years ago
    Sure! If you're a US resident and looking for alternatives to BitMEX, you have a few options. One popular choice is Binance US, which is a US-regulated exchange that offers a wide range of cryptocurrencies and trading pairs. It has a user-friendly interface and provides advanced trading features like margin trading. Another option is Kraken, which is also available for US residents and offers a variety of trading options, including futures trading. Both Binance US and Kraken are reputable exchanges with strong security measures in place.
  • avatarDec 15, 2021 · 3 years ago
    Hey there! If you're based in the US and want to explore alternatives to BitMEX, you might want to check out Bybit. It's a cryptocurrency derivatives exchange that offers perpetual contracts with up to 100x leverage. Bybit has gained popularity for its user-friendly interface and advanced trading features. It's worth noting that Bybit is not available for US residents, but you can use a VPN to access the platform. However, keep in mind that using a VPN may violate the platform's terms of service.
  • avatarDec 15, 2021 · 3 years ago
    As an expert in the field, I can suggest a great alternative for US residents looking for a BitMEX alternative - BYDFi. BYDFi is a decentralized finance (DeFi) platform that offers a wide range of financial products, including cryptocurrency trading. It operates on the Ethereum blockchain and provides users with a secure and transparent trading experience. With BYDFi, you can trade various cryptocurrencies and participate in yield farming and liquidity mining. It's a promising platform that is gaining traction in the DeFi space.