Are there any risks or limitations when using two accounts on BitMEX?

1 answers

• ArkaszJun 11, 2022 · 3 years ago
  As an expert in the field, I can provide some insights into the risks and limitations of using two accounts on BitMEX. While it may seem tempting to have multiple accounts for different trading strategies or risk levels, it's crucial to understand the potential drawbacks. Firstly, BitMEX closely monitors accounts for any signs of market manipulation or wash trading. If they detect any suspicious activities across your accounts, it can lead to severe penalties, including account suspension or even permanent bans. Secondly, managing two accounts requires extra effort and attention. You need to keep track of your positions, balances, and trades on both accounts simultaneously. This can be time-consuming and may increase the risk of making mistakes. Lastly, using two accounts can also lead to psychological challenges. It's easy to get overwhelmed or confused when juggling between multiple accounts, which can negatively impact your decision-making process. Therefore, it's crucial to weigh the potential benefits against the risks and limitations before deciding to use two accounts on BitMEX.
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