BitMEX Referral Code 2026: 20% Off Trading Fees
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BitMEX
-20% feesNUOWP7
Valid on BitMEX • Use at checkout
About this offer
- 20% off trading fees through our verified invite code
- Up to 5,000 USDT in sign-up bonuses based on activity and deposits
- The platform that pioneered leveraged crypto trading, founded in 2014
- Specialised in perpetual swaps and futures with leverage up to 100x
- An interface built for experienced traders — not a beginner exchange
Use code NUOWP7 at checkout on BitMEX to get -20% fees. This offer is verified and regularly updated.
How to use the BitMEX referral code and cut your fees by 20%
BitMEX offers an invite code that cuts your trading fees by 20% from sign-up. The code (such as "NUOWP7") goes in the dedicated field when you create your account.
Click "Get the deal", open the sign-up form and the code is pre-filled. The discount applies immediately to all your spot and futures trades.
On top of that, BitMEX offers a bonus of up to 5,000 USDT in rewards tied to your trading activity, deposits and engagement. The exact conditions are detailed in the Promotions Center.
Signing up on BitMEX: a journey for advanced traders
Signing up on BitMEX takes a few minutes: email, password, KYC verification (photo ID). Once approved, you reach the trading interface.
Be warned: BitMEX is not a beginner platform. The interface is built for experienced traders, with real-time order books, advanced charts and complex leverage options. If you are new to crypto, Bitpanda or Coinbase are better suited.
BitMEX accepts crypto deposits only (mainly BTC, ETH, USDT). There is no euro deposit by SEPA transfer — unlike Binance or Bitpanda, which accept euros directly.
BitMEX referral programme: the rewards in detail
The BitMEX referral programme works with fee discounts and bonuses:
| Benefit | Detail |
|---|---|
| Referral discount | -10% to -20% on fees (6 months) |
| Sign-up bonus | Up to 5,000 USDT (based on activity) |
| Referrer commission | 10% of the referral's fees |
Unlike Binance (-20% for life) or Bitget (-20% for life), the BitMEX discount is capped at 6 months under some offers. The 5,000 USDT bonus depends on trading volume and deposits — the first tiers are accessible, the higher amounts require intense activity.
BitMEX fees: the maker/taker rebate explained
BitMEX uses a distinctive maker/taker fee model:
- Maker (a limit order that adds liquidity): -0.01% — yes, a rebate. BitMEX pays you to post limit orders.
- Taker (a market order that removes liquidity): 0.075%.
This rewards traders who post limit orders to the book, improving platform liquidity. With the referral code (-20%), taker fees drop to about 0.06%.
For comparison, Binance charges 0.02% maker / 0.04% taker (with BNB), and Bitget 0.02% / 0.06%. The BitMEX maker rebate remains a unique edge for limit-order traders.
What you can trade on BitMEX
BitMEX is above all a derivatives trading platform:
- Perpetual swaps: the flagship product BitMEX invented. Long/short trading on BTC, ETH and dozens of altcoins with leverage up to 100x.
- Futures: dated contracts with a set expiry.
- Spot: cash trading added more recently — less developed than on Binance.
- Options: some crypto options are available.
BitMEX is aimed at experienced traders who understand leveraged trading. 100x leverage means a 1% move against your position can liquidate your entire margin. It is a powerful but extremely risky tool.
Comparison: BitMEX vs other derivatives exchanges
BitMEX is the pioneer but faces fierce competition:
| Exchange | Maker fee | Taker fee | Max leverage | Copy trading |
|---|---|---|---|---|
| BitMEX | -0.01% (rebate) | 0.075% | 100x | No |
| Binance | 0.02% | 0.04% | 125x | Basic |
| Bitget | 0.02% | 0.06% | 125x | No.1 worldwide |
| Bybit | 0.02% | 0.055% | 100x | Advanced |
BitMEX's edge: the maker rebate (you are paid for limit orders). The drawback: a narrower product range and a user base declining against Binance and Bitget.
BitMEX in brief: the pioneer of perpetual swaps
Founded in 2014 by Arthur Hayes, BitMEX literally invented the perpetual swap — today the most traded crypto product in the world. At its 2018-2019 peak, BitMEX handled the majority of global crypto-derivatives volume.
The exchange hit turbulence in 2020 when its founders were charged by the US DOJ for anti-money-laundering violations. Arthur Hayes pleaded guilty and paid a fine. The platform has since strengthened its compliance and continues to operate.
BitMEX remains a reference for experienced derivatives traders, but much of its market share has been captured by Binance, Bitget and Bybit. Its maker rebate and liquidity on the main pairs remain its strengths.
Conditions and important warnings
BitMEX is a high-risk platform. A few essentials:
- 100x leverage can liquidate your position on a 1% move. Never trade with money you cannot afford to lose.
- BitMEX is not registered with local regulators in many markets; it operates from the Seychelles.
- Deposits are in crypto only (no SEPA euro transfer). You must first buy crypto elsewhere (Binance, Bitpanda) and transfer it.
- Your capital gains are taxable in your country of residence.
- The invite code must be entered at sign-up only.
- BitMEX was prosecuted by the DOJ in 2020 for AML violations. The case is resolved, but the history is worth knowing.
For long-term storage, move funds to a cold wallet such as Tangem.
Frequently asked questions
Is BitMEX suitable for beginners?
No. BitMEX is built for experienced traders specialised in crypto derivatives. The interface is complex and 100x leverage can lead to rapid losses. Beginners should start with Bitpanda or Coinbase.
Can I deposit euros on BitMEX?
No, BitMEX only accepts crypto deposits (BTC, ETH, USDT). You first need to buy crypto on an exchange like Binance or Bitpanda, then transfer it to BitMEX.
What is the BitMEX maker rebate?
BitMEX pays you -0.01% when you place a limit order (maker). In effect, you are paid to add liquidity to the order book. It is a unique advantage among major exchanges.
Is 100x leverage risky?
Extremely. 100x leverage means a 1% move against your position liquidates your entire margin. Only trade with high leverage if you fully master risk management.
Is BitMEX regulated?
BitMEX operates from the Seychelles and is not registered with many local regulators. Its use remains legal for retail users in most countries, but without the protection of a local regulatory framework.
Has BitMEX had legal issues?
Yes, in 2020 the founders were charged by the US DOJ for anti-money-laundering violations. Arthur Hayes pleaded guilty and paid a fine. The platform has since strengthened its KYC/AML compliance.
Is the 20% discount permanent?
Depending on the offer, the discount may be limited to 6 months. That is less generous than Binance or Bitget, which offer -20% for life. Check the exact terms when you sign up.
What is a perpetual swap?
It is a product BitMEX invented: a derivative contract with no expiry date that lets you trade long (up) or short (down) with leverage. Today, every major exchange offers perpetuals.