What is the BitMEX Testnet? : BitMEX Support

What is the BitMEX Testnet? Print

Modified on: Mon, 3 Aug, 2020 at 10:10 PM

The BitMEX Testnet is a place where you can go to try out trading on BitMEX in a simulated sandbox environment that mirrors the real thing. We recommend the Testnet for new users who are unfamiliar with trading to practice placing, executing and cancelling orders of various order types and sizes.

Note: BitMEX Testnet is isolated from BitMEX.com. If you have a BitMEX.com account, you will still need to register on BitMEX Testnet.

To trade on the Testnet you will need to deposit "Testnet Bitcoin". Testnet Bitcoin is a testing version of Bitcoin that has no monetary value. It is freely distributed from a number of faucets around the Internet. You can deposit and trade on your BitMEX Testnet account using these coins with no risk of actual monetary profit or loss.

The following faucets distribute Testnet Bitcoin:

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Access to trading or holding positions on BitMEX is prohibited for any person or entity that is located, incorporated or otherwise established in, or a citizen or a resident of: (i) the United States of America, Québec (Canada), the Hong Kong Special Administrative Region of the People’s Republic of China, the Republic of Seychelles, Bermuda, Cuba, Crimea and Sevastopol, Iran, Syria, North Korea or Sudan; (ii) any state, country or other jurisdiction that is embargoed by the United States of America; or (iii) any other jurisdiction where the services offered by BitMEX are restricted (collectively “Restricted Jurisdictions”). If it is determined that any BitMEX user has given false representations as to their location, incorporation, establishment, citizenship or residence, or HDR detects a user is from a Restricted Jurisdiction as described above, HDR reserves the right to immediately close their accounts and liquidate any open positions. HDR may, in its sole discretion, implement controls to restrict access to the BitMEX trading platform in any of the Restricted Jurisdictions. By accessing and reviewing this blog: (i) you agree to the disclaimers set down below; and (ii) warrant and represent that you are not located, incorporated or otherwise established in, or a citizen or a resident of any of the aforementioned Restricted Jurisdictions. The material posted on this blog should not form the basis for making investment decisions, nor be construed as a recommendation or advice to engage in investment transactions, and is not related to the provision of advisory services regarding investment, tax, legal, financial, accounting, consulting or any other related services, nor are advice or recommendations being provided to buy, sell or purchase any good or product.

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What is the BitMEX Testnet? Print

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