BTCMEX

BTCMEX is one of the many cryptocurrency derivatives exchanges. It is registered in the Cayman Islands and that means it follows the laws of that country. However, it is headquartered in Hong Kong with offices in America, Asia and Europe. BTCMEX was founded in 2018, and it seems to have shut down on 21 June 2021. The platform cited ‘force majeure’ for the closure of business. You can always check for other BTCMEX alternatives in the provided list below.

BTCMEX is ideally for trading institutions and retail investors.

Features

1. Has API
2. 1-100 flexible adjustable leverage
3. 24/7 disaster recovery system
4. Supports multiple languages
5. Offline storage: Multisig – Multi-Signature Cold Wallet
6. Processes withdrawals manually every day
7. Unlimited daily withdrawals
8. Mobile application is available for Android and iOS users

Pros

• Prioritizes safety and security on its platform
• Gets protection from Amazon Web Services’ world-class security
• Google Authentication when depositing and withdrawing
• Offers 100% trading time
• No daily withdrawal limits
• Offers low trading fees
• Offers bonuses as incentives to its clients
• The platform caters for newbies and experienced users
• Support team available through social networks

Cons

• The platform offers few cryptocurrencies
• Does not accommodate fiat currency
• The mobile application has low valuation

*If you are not happy with the service, you can consider other BTCMEX alternatives