Bitmex is one of the most famous crypto exchanges around the world. Currently is the fifth exchange in derivatives volume with $1.5Billion per day according to Coinmarketcup. And finally, the option for copy trading has come to it with Zignaly.
As you may already know, Zignaly is a crypto investment platform that puts in contact expert crypto traders with people who don’t have time or don’t know how to trade to do it. The expert offers his services by creating a copy trading service for BITMEX. Once you are following him, it would replicate automatically and proportionally the positions in your account.
BitMEX and Zignaly have partnered to bring the copy trading functionality to the unique BitMEX Exchange and bring these resources to Zignaly’s community.
BitMEX: Account Creation
It is a super quick process. You go to BitMEX and press the Register button on the top right. It will ask you to introduce your email, password, and country of residence.
You need to verify your email and start the Identification process. You need: a photo of your ID, take a selfie and upload them. When you finish with the process, you will be ready to fund your account and start trading!
In BitMEX, it is only possible to deposit Bitcoin, so be careful and don’t send any other coin to your address. A great point here is that BitMEX doesn’t charge any fee for deposits.
Zignaly: Account Creation
It is a 10-second process. Visit Zignaly, insert your email and password, and that’s it. Welcome to Zignaly!
How to connect BitMEX and Zignaly
We already have a fantastic article explaining step by step how to connect your BitMEX account with Zignaly with a lot of screenshots that it would make the explanation easy to understand. So, I am going to pass you the link so you can take a look at it. Connect BitMEX with Zignaly
Enabling a Copy Trader Service for BitMEX (or Signals Service)
Go to the copy-traders section at Zignaly (or signal providers if you preferred to follow signals) and choose one of the services that offer their services for this exchange.
Once you have chosen, you need to click on the button “Copy this Trader” at the top and select how much balance you want to allocate to this service.
Every time the provider opens a position for this service, the position will replicate in your account proportionally.
BitMEX and Zignaly, a WIN-WIN for everybody
BitMEX is an exchange full of possibilities and opportunities to earn money in the crypto world if you know how to trade on it. We offer users a solution to make money in one of the world’s most famous exchanges without learning how to trade on it. For traders, an easy way to be in contact with a community and earn money.
And all this in Zignaly, a free crypto trading platform, where it is possible to see balance analytics to know your funds’ progress, avoid downloading csv requires to be processed, and see the evolution of your balance and your investments progress.
Get paid for trading.
Do you know that by trading in BitMEX, you don’t pay fees if you are a maker? In BitMEX, if you open trades as a maker instead of paying fees, it pays you the fees! For this reason, we will introduce the option “Post-only”, which allow you to ensure a maker rebate.
Share Your Results
BitMEX is one of the exchanges that allow the most significant profits. Feel free to join and share your results with the Zignaly Community at Discord Group
If you are a BitMEX expert trader and want to start earning money with your trades, reach us, and we will help you onboard in Zignaly.