BitMEX is a cryptocurrency derivatives trading platform that offers a referral program to its users. The referral program allows users to earn a commission by inviting other traders to use the platform.
Read more to learn how to sign up & obtain your bitMEX referral code, how to make money on BitMEX, and other information about the BitMEX referral program.
What Is BitMEX Referral Program?
When a user refers a new trader to BitMEX using their unique referral link, the new trader receives a discount on their trading fees for the first six months. Additionally, the referring user earns a commission on the new trader’s trading fees for the same period.
The referral program is designed to incentivize existing traders to bring new users to the platform, thereby increasing the platform’s user base and trading volume. It is a common practice in the cryptocurrency industry and is used by many exchanges and trading platforms to attract new users.
How To Sign Up & Obtain Your BitMEX Referral Code?
To sign up and obtain your BitMEX referral code, follow these steps:
- Go to the BitMEX website and click on the “Register” button at the top right-hand corner of the page.
- Fill in your email address, create a password, and choose your country of residence.
- Agree to the terms of service and click on “Register.”
- You will receive an email from BitMEX with a verification link. Click on the link to verify your email address.
- Once your email is verified, log in to your BitMEX account and click on the “Account” button at the top right-hand corner of the page.
- From the dropdown menu, select “Referral.”
- You will see your unique referral link, which you can share with others to invite them to sign up for BitMEX.
- You can also track your referrals and commissions from the same “Referral” tab.
Note that BitMEX’s referral program terms and conditions are subject to change, so be sure to check the latest information on their website. Additionally, it’s important to comply with the referral program’s rules and regulations to avoid any potential violations or penalties.
How BitMEX’s Referral System Works?
BitMEX’s referral system is designed to reward users who refer new traders to the platform. Here’s how it works:
- Existing BitMEX users share their unique referral link with friends or colleagues who are interested in trading on the platform.
- When a new trader signs up using the referral link, they receive a discount on their trading fees for the first six months.
- The existing user who referred the new trader earns a commission on the new trader’s trading fees for the same six-month period.
- The commission is calculated as a percentage of the new trader’s trading fees and is paid out in Bitcoin.
- There is no limit to the number of referrals a user can make, so the potential for earning commissions is unlimited.
- BitMEX also offers a tiered commission structure, which means that users who refer more traders can earn a higher commission percentage.
- Users can track their referrals and commissions in the “Referral” section of their BitMEX account.
It’s worth noting that BitMEX’s referral program terms and conditions are subject to change, so users should check the latest information on their website. Additionally, users should ensure they comply with the referral program’s rules and regulations to avoid any potential violations or penalties.
In Which Countries is the BitMEX Referral System Available?
As a virtual asset trading platform, BitMEX operates globally, and its referral system is available to users in all countries where the platform is accessible. However, it’s worth noting that the availability of BitMEX’s services may be restricted in certain countries due to regulatory reasons, such as the United States, Canada, Hong Kong, and others.
Therefore, before participating in BitMEX’s referral program or using its services, it’s crucial to check the platform’s terms of service and regulations to ensure that you’re eligible to use the platform in your country. Additionally, it’s important to comply with any legal and regulatory requirements related to virtual asset trading and referral programs in your jurisdiction.
How to Make Money on BitMEX?
BitMEX is a cryptocurrency derivatives trading platform that offers users the ability to trade Bitcoin and other cryptocurrencies with leverage. Here are some ways to make money on BitMEX:
- Trade with leverage: BitMEX allows users to trade with leverage of up to 100x, which means that you can amplify your trading profits with a relatively small investment. However, trading with leverage also carries a high risk of loss, so it’s essential to manage your risk carefully and use proper risk management strategies.
- Take advantage of price movements: Cryptocurrency prices can be volatile, which means that there are opportunities to profit from price movements. You can take long or short positions on BitMEX, which means you can profit from both upward and downward price movements.
- Use advanced trading strategies: BitMEX supports a range of advanced trading strategies, including stop-loss orders, limit orders, and trailing stops. These can help you manage your risk and maximize your profits.
- Participate in the referral program: BitMEX offers a referral program that allows users to earn a commission by referring new traders to the platform. If you have a large network of traders or investors, this could be a lucrative way to earn extra income.
- Stay informed: Cryptocurrency markets are constantly evolving, so it’s essential to stay informed about market trends, news, and events that could impact prices. Follow market analysis, news outlets, and social media to stay up to date on the latest developments.
It’s important to note that trading on BitMEX carries a high level of risk, and you can lose more than your initial investment. Therefore, it’s crucial to understand the risks involved and to manage your risk carefully when trading on the platform.
How to Use the BitMEX Referral Code?
If you have a BitMEX referral code, you can use it to sign up for a new account and receive a discount on your trading fees for the first six months. Here’s how to use a BitMEX referral code:
- Go to the BitMEX website and click on the “Register” button at the top right-hand corner of the page.
- Fill in your email address, create a password, and choose your country of residence.
- On the “Referral Code” field, enter the referral code provided by your friend or referral source.
- Agree to the terms of service and click on “Register.”
- You will receive an email from BitMEX with a verification link. Click on the link to verify your email address.
- Once your email is verified, log in to your BitMEX account and start trading with discounted trading fees for the first six months.
It’s important to note that BitMEX referral codes are only valid for new users who have not yet registered on the platform. Additionally, the discount on trading fees only applies for the first six months, and after that period, regular trading fees will apply. Therefore, it’s crucial to read and understand the terms and conditions of the referral program before using a referral code.
How to Get 10% off Fees on BitMEX?
To get 10% off on your BitMEX trading fees, you can use a referral code provided by an existing BitMEX user. Here are the steps to follow:
- Ask a friend or colleague who is already a BitMEX user to provide you with their referral code.
- Sign up for a new BitMEX account using the referral code provided by your friend or colleague.
- Once your account is verified, you will receive a 10% discount on your trading fees for the first six months.
- Start trading on BitMEX with discounted fees.
It’s important to note that the 10% discount only applies for the first six months, and after that period, regular trading fees will apply. Additionally, using a referral code is only available for new users who have not yet registered on the platform. Therefore, if you’re already a BitMEX user, you won’t be able to use a referral code to get a discount on your trading fees.
Summary
BitMEX is a cryptocurrency derivatives trading platform that offers users the ability to trade Bitcoin and other cryptocurrencies with leverage. The platform operates globally and offers a range of trading features and advanced trading tools, including stop-loss orders, limit orders, and trailing stops. BitMEX also has a referral program that allows users to earn a commission by referring new traders to the platform. To use the referral program, users can sign up for a new account using a referral code provided by an existing BitMEX user and receive a discount on their trading fees for the first six months. However, it’s important to note that trading on BitMEX carries a high level of risk, and users should understand the risks involved and manage their risk carefully when trading on the platform.
