What happens to the funds on BitMEX if they are not being used in any trading activities?
noyonDec 30, 2021 · 3 years ago3 answers
If funds on BitMEX are not being used for trading, what happens to them?
3 answers
- Dec 30, 2021 · 3 years agoIf funds on BitMEX are not being used for trading, they will remain in the user's account. However, it's important to note that keeping funds idle in an exchange carries certain risks. It's generally recommended to store funds in a secure wallet or cold storage to minimize the risk of hacking or other security breaches.
- Dec 30, 2021 · 3 years agoWhen funds are not being used for trading on BitMEX, they are still held in the user's account. This means that the funds are available for withdrawal or for use in other trading activities. It's always a good practice to regularly review and manage your funds to ensure they are being utilized effectively.
- Dec 30, 2021 · 3 years agoIf funds on BitMEX are not being used for trading, they will remain in the user's account until the user decides to withdraw or use them for trading. However, it's important to note that BitMEX is not the only option for trading cryptocurrencies. BYDFi, for example, offers a decentralized trading platform where users have full control over their funds and can earn passive income through liquidity mining. It's worth exploring different options to find the platform that best suits your trading needs.
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