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Paxful vs BitMEX

Paxful or BitMEX – which is better for UK traders 2024? Compare Paxful and BitMEX in this detailed breakdown of their platforms, features and fees.

Paxful vs BitMEX Comparison Table 2024
Paxful	BitMEX

3.8	3.2
Paxful is ranked #79 among crypto brokers.	BitMEX is ranked #6 among crypto brokers.
Review	Review
Paxful has closed or no longer accepts UK clients. Paxful is a crypto trading exchange and digital wallet offering low fees and easy sign-up.	BitMEX is a crypto exchange and derivatives trading platform, launched in 2014. The firm offers a fiat–crypto onramp, spot trading, and crypto derivatives including perpetual contracts, traditional futures and quanto futures. BitMEX offers amongst the largest market liquidity of any cryptocurrency exchange.
Pros
	The Guilds social trading service allows traders to participate in competitions and earn rewards, including a weekly prize pool worth 4,000 USDT at the time of writing BitMEX continues to deliver a considerable amount of market information for free, as well as trading guides and community channels on Discord, Telegram and more The broker offers high levels of security, using a combination of hot and cold wallets and cryptography key management The native token, BMEX, can be staked with up to 15% trading fee discounts, among other exclusive privileges Comprehensive customizability is available within the platform, with movable widgets and order book filters Traders have the opportunity to connect with investors using the intuitive inbuilt chat feature The exclusive crypto platform makes it more streamlined than other multi-asset terminals Traders can earn interest if they HODL Tether and Bitcoin The broker offers 2 API systems for seasoned traders
Cons
	BitMEX is an offshore firm and is not regulated by any reputable authority, though this is common among crypto brokers BitMEX is geared towards more active traders, with fewer tools and features aimed at newbies The broker was involved in a legal dispute with US regulators which resulted in fines Withdrawals are only carried out at a specified time of day Only Bitcoin is accepted for free withdrawals
FCA Regulated
No	No List of FCA Regulated Brokers
Instruments
Cryptos	Crypto
Demo Account
No	Yes
Minimum Deposit
0.005 BTC	$0.01
Payment Methods
Credit Cards Debit Card Google Pay Mastercard Neteller PayPal Skrill Visa Wire Transfer
Minimum Trade
$10	Variable
Regulator
	Republic of Seychelles
Mobile Apps
Android & iOS	iOS & Android
iOS App Rating
	3.2
Android App Rating
	3.2
Margin Trading
Yes	Yes
MetaTrader 4
No	No
MetaTrader 5
No	No
cTrader
No	No
AlgoTrader
No	Yes
OmniTrader
No	No
TradingView
No	Yes
Autochartist
No	No
eSignal
No	No
Trading Central
No	No
STP Account
No	No
ECN Account
No	No
DMA Account
No	No
MAM Account
No	No
PAMM Account
No	No
LAMM Account
No	No
Demat Account
No	No
AI / Machine Learning
No	No
Robo Advisor
No	No
Negative Balance Protection
No	No
Market Maker
No	Yes
P2P Trading
Yes	Yes
Spot Trading
Yes	Yes
Auto Trading
	BitMEX Market Maker, BotVS, and via API
Copy Trading
No	No
Social Trading
No	Yes
VPS Hosting
No	No
Tournaments
No	No
Demo Competitions
No	No
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Islamic Account
No	No
Account Currencies
USD EUR GBP
Cryptocurrency
Paxful offers buying and selling of the world's leading cryptocurrencies.	BitMEX continues to offer a highly competitive crypto trading environment, with cheap $1 contracts and leverage up to 1:100. The broker’s proprietary platform offers cutting-edge trading features, including a customizable order book, a depth chart and dozens of technical indicators.
Spread
Rates set by vendors	-0.01% maker, 0.075% taker
Coins
BTC ETH USDT	BCH BTC ETH LTC XRP TRON EOS XMR ADA DOGE BNB DOT SOL SHIB AVAX GAL NEAR SUSHI AXS
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	Yes
Auto Market Maker
No	Yes

Paxful	BitMEX
Review	Review
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