Bitmex fees

Can someone explain me the fees on bitmex???

Attached: 8526F9EF-BADE-4CAD-9E82-4FB731248586.png (725x319, 7K)

Other urls found in this thread:

testnet.bitmex.com/
twitter.com/NSFWRedditImage

bump
especially for going long or short

they're the things that bitmex takes so they can make money on you

It's how black men get lambos.

Had 3 BTC. BitMexed. Win a bit lose a lot. Got 0.2 BTC now. Had 77k LINKs. I have 3.5k LINKs now.

Don't be me.

did you just REEEEEEE into higher leverage gambles?

yay the idiots are back, bear market is nearing its end

Fees on Bitmex are actually really cool. They're the same whether you're going long or short. There is a difference however between "makers" and "takers". If you place an order that can be filled immediately by someone else who has an order on the books, you're a taker. Otherwise you're a maker. The fees for takers are 0.075%. But the fees for makers are -0.025% Yes, negative. Meaning Bitmex will *pay you* if you're a maker. Of course, every order filled has both a maker and a taker, so Bitmex always gets a net 0.05%, which is pretty standard. The fees are organized this way in order to encourage people to place limit orders instead of market orders and make people a little more hesitant to place Stop Market orders, which can trigger liquidations. (Because if you place a market order, you're always a taker.)

use the tesnet testnet.bitmex.com/
now you can experiment without investing money
was that so hard?

Gimme tu plata, gringo.

What the fuck does that shitty test server, that gives you NO real feel for how the market works, have to do with how the fees are structured?

Did you even read what the OP wrote, or did your retard brain just go "REEEEE Bitmex, I post about test server, because I so smart, I hero now, reeeeeeeeeee"?

Those fees are rape tier.
I haven't withdrew yet but I heard the withdrawal fees are insane.

Something people tend to forget is that leverage not only multiplies your ROE, it also multiplies your fees. So If you're doing a dumbass 100x order you're gonna pay 7.5% in fees

Don't do high leverage.

They don't charge a withdrawal fee. The only fee you pay is BTC's network transaction fee. Just make sure you take a look at BTC's mempool to make sure it's not clogged before doing a withdrawal, that way you guarantee low fees and fast transaction times.

>If you're doing a dumbass 100x order you're gonna pay 7.5% in fees
That's plain wrong.

Attached: 1508689652067.png (645x729, 58K)

Explain yourself pleasee

No, it's not. 0.075% taker fee x 100 = 7.5% of the equity in your position. Granted, if you made the right call it won't take long to beat 7.5% ROE at 100x leverage, but if you are not thinking about it and close your position early for small gains, you'll get raped.

You pay 0.075% per contract and it doesn't matter how much leverage you use.

Yeah, exactly dumbass. Every single contract, including the ones you bought with your 100x leverage.

Way to be a retard, OP asked "Can someone explain me the fees on bitmex???"
He can get an answer:
- Reading the many docs on bitmex
- Making different trades on the testnet to see how much fees he's paid in different scenarios

you "heard" that from your brap?

Really? I remember reading posts charging upwards of $100-150.
Didn't know fees used to be this expensive.

I've seriously had it with you "pretending to be retarded" faggots. Go fuck yourself.

maybe when BTC network transaction fees were at ATH back in 2017

No leverage: what percent of the equity in your position went to fees?
100x leverage: what percent of the equity in your position went to fees?

the fee is based on position size.
you are right in a way but it is literally irrelevant because that is % of your margin, not the position.
buy or sell 100 contracts you will make or pay the exact same fee whether its 1x or 100x leverage.
you're right about not using high leverage, just for the wrong reasons.

they use a 3 of 4 multi-sig wallet cold, manually done once a day, and they've never been hacked.
more signatures makes transactions more bytes in size, so they cost more.
the fees are going to be higher than normal shit-tier exchanges that use single sig wallets which are usually hot too, so hackable.
the minimum today is 0.0002 sats, which is currently $1.36

Brainlet detected. If you're trading $1000 you'll pay $0.75 in fees whether you used margin or not. Your expected return before margin fees is the same whether you used margin or not. In other words, the the trading fees are NOT a reason why you shouldn't use margin (margin fees are the reason why you maybe shouldn't be using leverage).