From today, users who stake their BMEX Tokens will immediately enjoy a wider range of rewards and privileges. The more BMEX you stake, the more rewards – and tokens – you’ll get.
From withdrawal/network fee refunds and early product access to trading fee discounts and VIP services, BMEX stakers now have exclusive access to a new range of benefits and privileges.
More benefits – including IEO tickets for BitMEX Spot launches – are also on their way, and will be available from Q3 2022 and beyond. For a detailed breakdown of the benefits available to BMEX stakers, be sure to check out our updated Litepaper here.
Start staking BMEX via your BitMEX Wallet today, or scroll on for our short recap of what you need to know.
New BMEX Token Benefits, Broken Down
BMEX Token Staking Benefits
BMEX supercharges users’ experience within the growing BitMEX ecosystem, and brings unique benefits to BMEX stakers. As we grow our platform with new product launches and initiatives, we will continue to expand the BMEX Token’s utility and benefits.
You’ll immediately enjoy rewards by staking BMEX via your BitMEX Wallet. The more BMEX you stake, the greater your rewards:
What is the Meaning of Staking in Crypto?
Simply put, token staking is the process of locking up cryptocurrencies in order to earn staking benefits or rewards. It can also help verify transactions on a blockchain network.
For an in-depth guide on how to stake BMEX, click here.
Note: To enjoy the below benefits, you’ll need to stake your tokens via your BitMEX Wallet. You won’t be eligible for the benefits listed below if you don’t stake your BMEX Tokens.
Trading Fee Discounts
By staking BMEX, you’ll immediately get to enjoy derivatives and BitMEX Spot trading fee discounts of up to 15% – on top of any Average Daily Volume (ADV) based fee tier. To learn more, visit our Fees page.
Refund on Withdrawal/Network Fees
Staking BMEX Tokens will allow users to get a refund of their withdrawal/network fees (ERC-20 and/or BTC). The link table below outlines the staking tier and withdrawal fee refund schedule.
|
BMEX staked |
Withdrawal/network fee refunds per week |
|
1,000 |
3 |
|
50,000 |
10 |
|
1,000,000 |
25 |
Note: Refunds are executed every Monday at 04:00 UTC. If you exceed the amount of fee withdrawals that you are eligible for in a given week, refunds will be applied in chronological order.
Earn More BMEX
Why leave your Tokens idle, when you can be earning more BMEX? From today, users who stake BMEX are eligible to receive an APR of up to 12%:
|
BMEX staked |
Staking rewards (APR, paid daily) |
|
25 |
5% |
|
200 |
5% |
|
1,000 |
8% |
|
10,000 |
8% |
|
50,000 |
10% |
|
500,000 |
10% |
|
1,000,000 |
12% |
|
3,500,000 |
12% |
BitMEX Privileges, Experiences, Community Access, and Merchandise
Users who stake 1,000+ BMEX will have the chance to receive exclusive privileges, swag, and sports tickets.
The Crypto Trader Digest Delivered Straight to Your Inbox
Every fortnight, token holders will gain access to the crypto market’s most in-depth commentary and insights – the Crypto Trader Digest – straight from the desk of Arthur Hayes.
VIP Services
Users who stake 500,000+ BMEX Tokens will get exclusive access to 24-hour professional coverage by our dedicated VIP & Corporate Client Service Team. This includes round-the-clock access to our senior technical support staff and account managers.
More BMEX Staking Benefits Coming Soon in Q3 2022 and Beyond
- Exclusive product access & IEO tickets for new BitMEX Spot launches
- Increased staking rewards on BitMEX EARN
- Monthly token burning to create a continuous utility environment for holders
- Users will have the option to use BMEX as collateral for trading
Today also marks the start of our new BMEX offers, giving newly KYC’d users the chance to earn up to 70 BMEX (see below for the full breakdown).
To reap the benefits mentioned above, start staking BMEX via your BitMEX Wallet today. Alternatively, you can check out our BMEX staking guide here.
BMEX Token Roadmap
The launch of BMEX comprises two phases:
- Phase one – trade and earn BMEX airdrops [completed as of May 2022]: Since early 2022, BitMEX users have been earning BMEX by participating in various promotions.
- Phase two – trade BMEX on BitMEX Spot [launche 11 November 2022]: BMEX will become tradable on the BitMEX Spot exchange.
Unmissable BMEX Offers Await New Users
From June 10 at 04:00 UTC, newly KYC’d users will be eligible to receive up to 70 BMEX Tokens. Now’s your chance to accrue as many tokens as possible before BMEX becomes tradable.
Here’s a closer look at our new Welcome Offer:
|
Account Opening |
The first 10,000 new users who create an account and make a first-time deposit within the first 30 days of completing verification will get 10 BMEX. This offer ends on 31 July 2022 at 23:59 UTC. |
|
Buy Crypto |
The first 10,000 users who Buy Crypto via credit card or bank transfer worth $250 USD or more within the first 30 days of completing verification will receive 15 BMEX. This offer ends on 31 July 2022 at 23:59 UTC. |
|
Spot Trading |
The first 10,000 new users who trade spot pairs worth a minimum of $250 USD on BitMEX Spot within the first 30 days of their first spot trade will receive 15 BMEX. This offer ends on 17 July 2022 at 03:59 UTC. |
|
Crypto Convert |
The first 10,000 new users who Convert crypto worth $250 USD or more within the first 30 days of completing verification will get 15 BMEX. This offer ends on 31 July 2022 at 23:59 UTC. |
|
Derivative Trading |
The first 10,000 users who trade a total of $10,000 USD or more in derivatives on BitMEX within the first 30 days of completing verification will get 15 BMEX. This offer ends on 31 July 2022 at 23:59 UTC. |
Note: Our BMEX offers are updated frequently and in accordance with our current projects and initiatives. For the latest, visit our Token Promotions page.
To be the first to know about our product launches, spot trading pairs, and giveaways, connect with us on Discord, Telegram, and Twitter.
If you have any questions in the meantime, please contact Support.