Can someone explain why BitMEX charges me when I try to buy on a take profit limit during shorts?

3 answers

• Justus BraitingerFeb 07, 2021 · 4 years ago
  When you place a buy order on a take profit limit during shorts, BitMEX charges you because they need to cover the costs associated with executing your order. This includes fees for matching your order with a seller and processing the transaction on the blockchain. These charges are necessary to ensure the smooth operation of the platform and to provide a secure trading environment for users. It's important to understand that trading on BitMEX involves various costs, and these charges are part of the overall trading experience.
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• Barron RandolphDec 06, 2023 · 2 years ago
  BitMEX charges you when you try to buy on a take profit limit during shorts because they need to cover their operational costs. Running a cryptocurrency exchange involves expenses such as server maintenance, security measures, and customer support. By charging fees, BitMEX can generate revenue to sustain its operations and continue providing a reliable trading platform. While these charges may seem frustrating, they are a common practice in the industry and help ensure the long-term viability of the exchange.
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• Sykes HoppeApr 20, 2022 · 3 years ago
  When you place a buy order on a take profit limit during shorts on BitMEX, you will be charged because the exchange needs to cover the costs associated with facilitating your trade. This includes fees for executing the order, processing the transaction, and maintaining the platform's infrastructure. BitMEX operates as a business and relies on these charges to generate revenue. It's important to consider these costs when trading on any exchange and factor them into your overall trading strategy.
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