Is it possible to be in cash on BitMEX without any trading experience?

3 answers

• Jehovany MartinezMar 12, 2022 · 3 years ago
  Yes, it is possible to have cash on BitMEX without any trading experience. BitMEX allows users to deposit funds into their accounts and hold them as cash. However, it's important to note that holding cash without engaging in any trading activities means you won't be able to earn any profits or take advantage of potential market opportunities. If you're looking to grow your funds, it's recommended to learn about trading strategies and start actively participating in the market.
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• Avinash AJADAug 12, 2021 · 4 years ago
  Absolutely! BitMEX allows users to deposit funds into their accounts and hold them as cash. This can be a good option for those who are new to trading and want to familiarize themselves with the platform before diving into trading activities. However, it's important to keep in mind that holding cash without trading means you won't be able to generate any profits. If you're looking to make money on BitMEX, it's advisable to learn about trading strategies and start practicing.
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• rimazJan 22, 2025 · 6 months ago
  Yes, you can definitely have cash on BitMEX without any trading experience. BitMEX offers a user-friendly interface that allows you to deposit funds and hold them as cash. However, it's worth mentioning that BitMEX is primarily a trading platform, and holding cash without engaging in any trading activities may limit your potential for profit. If you're interested in trading, it's recommended to start learning about different trading strategies and gradually gain experience to maximize your chances of success. BYDFi, another popular cryptocurrency exchange, also offers similar features for users to hold cash without trading.
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