BitMex vs Coinbase

BitMEX vs Coinbase Comparison Table 2024
BitMEX Coinbase
3.2
1.4

BitMEX is a crypto exchange and derivatives trading platform, launched in 2014. The firm offers a fiat–crypto onramp, spot trading, and crypto derivatives including perpetual contracts, traditional futures and quanto futures. BitMEX offers amongst the largest market liquidity of any cryptocurrency exchange.

Coinbase is a leading cryptocurrency exchange that provides access to 18,000+ crypto assets that can be traded on the marketplace, stored in a wallet or borrowed via the brand's DeFi function. The US-based firm has over 10 million clients and offers educational support to individual traders and tailor-made derivative products for businesses.

This post contains affiliate links, and this website will be compensated if you make a purchase after clicking the links.
Bonus Offer
Fee reduction for BMEX token holders £5/$5 in BTC. Terms and Conditions Apply. See Review
Comment by Reviewer
"Active traders who want access to a good range of crypto derivatives will be intrigued by BitMEX's offering, with Perpetual Contracts available. The 100x leverage on Bitcoin is also higher than many alternatives." "Coinbase is a good option for dedicated crypto investors who want a vast selection of established and low-market-cap tokens. The platform makes it straightforward for new crypto investors to buy and sell Bitcoin in a few clicks."
Pros
  • The Guilds social trading service allows traders to participate in competitions and earn rewards, including a weekly prize pool worth 4,000 USDT at the time of writing
  • BitMEX continues to deliver a considerable amount of market information for free, as well as trading guides and community channels on Discord, Telegram and more
  • The broker offers high levels of security, using a combination of hot and cold wallets and cryptography key management
  • The native token, BMEX, can be staked with up to 15% trading fee discounts, among other exclusive privileges
  • Comprehensive customizability is available within the platform, with movable widgets and order book filters
  • Traders have the opportunity to connect with investors using the intuitive inbuilt chat feature
  • The exclusive crypto platform makes it more streamlined than other multi-asset terminals
  • Traders can earn interest if they HODL Tether and Bitcoin
  • The broker offers 2 API systems for seasoned traders
  • Powerful purpose-built crypto trading platform with backtesting capabilities
  • Well-regarded crypto exchange with thousands of tokens available
  • One of the most trusted brands in the crypto space
  • Fast execution speeds on the trading software
  • Slick app with excellent customer feedback
  • Margin trading available in some countries
  • You can sign up in three quick steps
Cons
  • BitMEX is an offshore firm and is not regulated by any reputable authority, though this is common among crypto brokers
  • BitMEX is geared towards more active traders, with fewer tools and features aimed at newbies
  • The broker was involved in a legal dispute with US regulators which resulted in fines
  • Withdrawals are only carried out at a specified time of day
  • Only Bitcoin is accepted for free withdrawals
  • Coinbase trades don't take place anonymously
  • Occasional bugs have caused issues on the system
  • Lower safety score vs established crypto brokers
Instruments
Crypto Cryptos
Demo Account
Yes No
Minimum Deposit
$0.01 $0
Trading Platforms
  • BitMEX Web Platform
  • AlgoTrader
  • TradingView
  • AlgoTrader
Payment Methods
Minimum Trade
Variable 0.0001 XBT
Regulator
Republic of Seychelles CBoI
Margin Trading
Yes Yes
STP Account
No No
ECN Account
No No
DMA Account
No No
MAM Account
No No
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
No No
Market Maker
Yes No
P2P Trading
Yes No
Spot Trading
Yes Yes
Mobile Apps
iOS & Android Yes
Android App Rating
3.2
iOS App Rating
3.2
Auto Trading
BitMEX Market Maker, BotVS, and via API
Copy Trading
No No
Social Trading
Yes No
VPS Hosting
No No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
$0
Islamic Account
No No
Cryptocurrency
BitMEX continues to offer a highly competitive crypto trading environment, with cheap $1 contracts and leverage up to 1:100. The broker’s proprietary platform offers cutting-edge trading features, including a customizable order book, a depth chart and dozens of technical indicators. With some 18,000 digital assets available to trade, Coinbase is one of the leading exchanges in the crypto world with a wider selection of tokens than most alternatives. Traders access crypto markets through a powerful platform and can enjoy margin trading in some jurisdictions. Maker and taker fees are low and there are no hidden account charges.
Spread
-0.01% maker, 0.075% taker BTC 0.1%, ETH 0.1%
Coins
  • BCH
  • BTC
  • ETH
  • LTC
  • XRP
  • TRON
  • EOS
  • XMR
  • ADA
  • DOGE
  • BNB
  • DOT
  • SOL
  • SHIB
  • AVAX
  • GAL
  • NEAR
  • SUSHI
  • AXS
  • BCH
  • BTC
  • ETH
  • LTC
  • XRP
  • IOTA
  • NEO
  • EOS
  • XMR
  • FIL
  • WBTC
  • SHIB
  • BNB
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
Yes Yes
Auto Market Maker
Yes No
This post contains affiliate links, and this website will be compensated if you make a purchase after clicking the links.
More Comparisons
BitMEX
vs
Coinbase
vs