Vilcabamba, Ecuador
Experience: Intermediate
Platform: Ninja
Trading: NQ, UB
Posts: 204 since Jul 2012
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Have now had time to test Bitmex XBTUSD with small amounts in the live market. https://www.bitmex.com:443/
I was hoping it would be similar to CME Futures, but not. The Bitmex fee structure is VERY high, and most of your profits will go back to them.
Good for them, but not so good for you.
I was willing to mitigate risks with an unregulated exchange (I don't live in the USA), but that would be only if the profit was flowing well.
I was using the SierraChart platform, which by the way is excellent.
Bitmex provided the interface to SierraChart and I encountered some serious problems.
Bitmex said the fix is in development.
It appears the Bitmex Web platform is solid.
So, if anyone is going to use SierraChart in the near term, they should also have the Bitmex web interface up, because you can fix any errors there, if the Bitmex/SierraChart interface breaks.
In the end I'm hoping that CME will provide Futures for the cryptos, so that everything is standard, etc.
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