FTX vs BitMEX

FTX vs BitMEX Comparison Table 2024
FTX BitMEX
0.3
FTX and FTX US has filed for Chapter 11 bankruptcy. We strongly advise against making any deposits. The FTX platform has been hacked. A warning has ben issued that the website, platform and app might be infected by trojan malware. We recommend that you refrain from using them.
3.2

FTX is a cryptocurrency exchange that offered a vast array of derivatives products and digital tokens. However, the company collapsed and filed for bankruptcy on November 11, 2022 after a wave of withdrawals revealed that the firm has mismanaged client funds and did not have sufficient liquidity.

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.

Bonus Offer
Fee reduction for BMEX token holders
Comment by Reviewer
"We don't recommend FTX to crypto investors. The disgraced cryptocurrency exchange failed its customers and its CEO, Sam Bankman Fried, has been arrested." "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."
Pros
  • Lower fees than most other cryptocurrency exchanges, thanks to its tiered system
  • An official mobile app is available on both Android and iOS
  • Built-in automated trading through Quant Zone
  • Ability to stake in the exchange using FTT
  • 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
Cons
  • Major safety and security concerns - you should not deposit with this firm
  • Limited options for currency withdrawals compared to other exchanges
  • Country restrictions apply to US citizens
  • No demo account available
  • Withdrawal problems
  • 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
Instruments
Cryptos, Futures, Options Crypto
Demo Account
No Yes
Minimum Deposit
$1 $0.01
Trading Platforms
  • AlgoTrader
  • BitMEX Web Platform
  • AlgoTrader
  • TradingView
Payment Methods
Minimum Trade
$1 Variable
Regulator
Republic of Seychelles
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
No Yes
P2P Trading
No Yes
Spot Trading
No Yes
Mobile Apps
iOS & Android iOS & Android
Android App Rating
3.2
iOS App Rating
3.2
Auto Trading
Yes BitMEX Market Maker, BotVS, and via API
Copy Trading
No No
Social Trading
No Yes
VPS Hosting
No No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Islamic Account
No No
Cryptocurrency
FTX supports crypto trading on hundreds of major tokens by way of spot trades and derivatives contracts. This includes access to popular cryptos like Bitcoin, Ethereum and Litecoin. 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.
Spread
Variable -0.01% maker, 0.075% taker
Coins
  • BTC
  • ETH
  • SOL
  • FTT
  • USDT
  • MATIC
  • BNB
  • XRP
  • DOGE
  • SRM
  • LINK
  • LTC
  • FTM
  • SUSHI
  • RAY
  • UNI
  • STEP
  • AAVE
  • AGLD
  • BCH
  • BTC
  • ETH
  • LTC
  • XRP
  • TRON
  • EOS
  • XMR
  • ADA
  • DOGE
  • BNB
  • DOT
  • SOL
  • SHIB
  • AVAX
  • GAL
  • NEAR
  • SUSHI
  • AXS
Crypto Lending
Yes No
Crypto Mining
No No
Crypto Staking
No Yes
Auto Market Maker
Yes Yes
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