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What is the Minimum Deposit Amount?

  • Updated

The minimum deposit on BitMEX varies by product and depends on the Initial Margin requirement. For example, the XBTUSD minimum is $1 multiplied by 1% Initial Margin, equalling $0.01. Visit the Deposit page to check minimums for each currency.

 

How is the minimum deposit amount calculated on BitMEX?

The minimum deposit amount on BitMEX depends on the product’s Initial Margin requirement. Rather than applying a single fixed minimum across all currencies, BitMEX calculates the minimum based on the smallest position size you can open for a given contract. The calculation follows this formula:

Minimum deposit = Contract value x Initial Margin percentage

For example, for XBTUSD:

  • Contract value: $1 USD
  • Initial Margin: 1%
  • Minimum deposit: $1 x 1% = $0.01
  • At an XBT/USD price of $600, this equals 0.00001 XBT

Each currency and product may have a different minimum because the contract value and Initial Margin percentage vary. A product with a higher contract value or a higher Initial Margin requirement will have a correspondingly higher minimum deposit. The Initial Margin percentage reflects the leverage available on that contract – lower Initial Margin means higher leverage and a smaller minimum deposit.

To check the exact minimum deposit for any currency available on BitMEX, visit the Deposit page. The page displays current minimum amounts for each supported cryptocurrency, including Bitcoin (XBT), Ethereum (ETH), Tether (USDT), and USD Coin (USDC). Depositing an amount below the stated minimum may result in the funds not being credited to your trading balance, so always verify the minimum before initiating a transfer from another wallet or exchange.

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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.