Is it possible to short BitMEX and how?

3 answers

• Thanigaivelan BaluAug 06, 2023 · 2 years ago
  Yes, it is possible to short BitMEX. Shorting refers to the practice of selling an asset that you do not currently own, with the expectation that its price will decrease in the future. To short BitMEX, you would need to open a margin trading account on the platform. Once you have a margin account, you can borrow BitMEX coins from the exchange and sell them on the market. If the price of BitMEX coins drops as you predicted, you can buy them back at a lower price to repay the borrowed coins and make a profit. However, if the price goes up, you may incur losses.
  565

  283
• Karam BarakahAug 03, 2023 · 2 years ago
  Absolutely! You can definitely short BitMEX. Shorting allows traders to profit from a decline in the price of an asset. To short BitMEX, you need to have a margin account on the platform. With a margin account, you can borrow BitMEX coins and sell them on the market. If the price of BitMEX coins decreases, you can buy them back at a lower price to repay the borrowed coins and keep the profit. It's important to note that shorting involves risks, as the price can also increase, resulting in potential losses.
  511

  171
• ChrispinJun 07, 2022 · 3 years ago
  Yes, you can short BitMEX. As an alternative to traditional exchanges, BYDFi also offers the option to short BitMEX. BYDFi provides a user-friendly interface for shorting BitMEX, making it accessible to both experienced and novice traders. To short BitMEX on BYDFi, you would need to create an account and deposit funds. Once your account is set up, you can select the BitMEX trading pair you want to short and place your order. BYDFi offers competitive fees and advanced trading features to enhance your shorting experience.
  525

  132