Founded in 2014, BitMEX is a well-established cryptocurrency derivatives exchange headquartered in Seychelles with offices globally. Co-founded by Arthur Hayes, Samuel Reed, and Ben Dalo (the UK’s first cryptocurrency billionaire), BitMEX specializes in leveraged margin trading, offering up to 100x leverage on a variety of crypto assets. The platform is known for its professional-grade tools, including a comprehensive REST API and WebSocket API, delivering real-time market data essential for sophisticated traders.BitMEX also provides a “Testnet” environment allowing users to practice margin trading risk-free, making it appealing for beginners and experts alike.
Supported Cryptocurrencies
- Bitcoin (BTC)
- Ethereum (ETH)
- Cardano (ADA)
- Bitcoin Cash (BCH)
- EOS Token (EOS)
- Litecoin (LTC)
- Tron (TRX)
- Ripple (XRP)
Affiliate Program Details
BitMEX offers a lucrative and tiered affiliate program aimed at crypto marketers and enthusiasts:
- Commission Rate: Up to 60% of trading fees earned from referrals.
- Commission Type: Recurring lifetime commissions on referred users’ trades.
- Cookie Length: 7 days.
- Payment Method: Commissions paid directly in Bitcoin (BTC) to affiliate wallets.
- Referral Incentive: New users receive a 10% discount on trading fees for the first 6 months.
- Tiered Commission Structure:
- 10% commission for referrals trading 0-999 BTC
- 15% commission for 1,000-9,999 BTC traded
- 20% commission for 10,000+ BTC traded
KYC compliance is required for affiliates.
Platform & Program Statistics
- Traffic & Popularity: 27,000 views and a Similarweb ranking of 122,032, indicating solid traffic and user interest.
- AI Rating: 75.37 / 100, showing good platform credibility.
- User Reviews: No public user reviews yet.
- Launch Year: 2014, making BitMEX one of the longest-running crypto derivatives platforms.
Pros and Cons
Pros
- High leverage up to 100x, ideal for advanced traders.
- Tiered and lucrative affiliate commissions with lifetime payouts.
- Payment in Bitcoin, suitable for crypto-focused affiliates.
- Strong brand reputation and established user base.
- Access to a testnet environment for risk-free trading practice.
- Discounts for new referred users incentivize sign-ups.
Cons
- KYC requirements may be a barrier for some affiliates.
- Short cookie duration (7 days) compared to competitors.
- No publicly available user reviews, limiting community feedback insights.
Conclusion
BitMEX remains a dominant player in the crypto derivatives space, offering a sophisticated trading environment paired with an attractive affiliate program. Affiliates benefit from a generous tiered commission structure and lifetime earnings paid in Bitcoin, making it highly appealing for cryptocurrency promoters. Traders benefit from advanced tools and leverage options, although newcomers should exercise caution given the risks associated with margin trading. Overall, BitMEX presents a compelling opportunity for both traders and affiliates in the fast-growing crypto ecosystem.