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How Can I Start Trading on Spot on BitMEX?

  • Updated

Log into your BitMEX account and visit the Spot page to start trading. New users must register for an account and complete identity verification before accessing spot trading. Deposit cryptocurrency into your BitMEX wallet or directly purchase crypto here. No additional setup is required – your existing BitMEX wallet funds both spot and derivatives trading. 

 

What Are the Steps to Start Spot Trading on BitMEX?

Follow these steps to begin spot trading on BitMEX:

  1. Existing users: Log into your BitMEX account and navigate to the Spot page. You can start trading immediately using your existing wallet balance.
  2. New users: Register for a BitMEX account, complete KYC, and deposit funds. Once verified, visit the Spot page to begin trading.

No separate account or wallet setup is required for spot trading. Your BitMEX wallet is shared between spot and derivatives trading. Once you deposit funds, they are available for both types of trading.

 

What Do I Need Before Placing My First Spot Trade?

Three requirements must be met before you can place a spot trade on BitMEX:

  • KYC: Identity verification must be completed and you may be required to submit additional documentation such as your proof of address. Unverified accounts cannot trade.
  • Funded wallet: Deposit cryptocurrency into your BitMEX wallet. Your wallet balance funds both spot and derivatives.
  • Selected trading pair: Choose the spot trading pair you want to trade (e.g. XBT/USDT, ETH/USDT) from the available pairs on the Spot page.

Once these conditions are met, select your order type (market or limit), enter the quantity, and place the order.

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This website is operated by HDR Global Trading Limited, a company incorporated under the International Business Companies Act of 1994 of the Republic of Seychelles with a company number of 148707 and registered address at Global Gateway 8, Rue de la Perle, Providence Mahé, Seychelles (“HDR”). HDR wholly owns BitMEX, a Bitcoin-based trading platform.


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.