How can I protect my funds while margin trading on BitMEX?

1 answers

• Nov 29, 2021 · 3 years ago
  At BYDFi, we understand the importance of protecting your funds while margin trading on BitMEX. One way to do this is by utilizing the platform's built-in features, such as the BitMEX Insurance Fund. This fund acts as a buffer to cover any losses that occur due to liquidations. Additionally, BitMEX offers the option to enable two-factor authentication (2FA) for added security. By linking your account to a 2FA app, you add an extra layer of protection to your funds. Lastly, it's worth mentioning that BitMEX has a strong track record in terms of security and has implemented various measures to safeguard user funds. However, it's always important to do your own research and take necessary precautions to protect your funds.
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