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Learn How BiMMEX Works

BiMMEX Technology Services FAQ

What is Bimmex?

BiMMEX is a service provider that offers powerful automation tools designed to seamlessly enhance your Digital asset portfolio and support you in your chosen strategies. 

Is Bimmex a custodial service? 

No, BiMMEX is a non-custodial Personal Bot Solution, meaning that your funds remain securely on your CEX (Centralized Exchange) while you are linked to Bimmex’s API. BiMMEX does not have the ability to withdraw from or deposit funds to your exchange accounts. You always retain full control over your assets through your CEX. 

What is a CEX?  

In crypto, a CEX is an online trading platform that allows people connected to the internet to buy, sell, and swap Digital assets. It is owned and operated by a private company, which means it is subject to the laws and regulations of every jurisdiction it operates in.  

What is an API? 

An Application Programming Interface (API) key is a code used to identify and authenticate an application or user. API keys are available through platforms, such as a white-labeled internal marketplace. They also act as a unique identifier and provide a secret token for authentication purposes. 

Which Exchanges does BiMMEX support?  

We support most large CEX’s! Binance, Binance US, Binance TR, OKX, ByBit, Coinbase Advanced, Kraken, KuCoin, BitFinex, BitGet, BitStamp, Gate.io, Gemini, HTX . You can check our Home page to see all the exchanges we can connect to.  

How do I get started with BiMMEX? 

To begin using BiMMEX, you first need to verify your account on an approved CEX. This can be an existing account from BIMMEX’s accepted list of CEX’s. You will then need to link your account by generating API keys on the respective CEX and connect them to our BiMMEX service. Alternatively, if your chosen exchange offers the Fast Connect option, we recommend using it for faster integration and enhanced security. 

What is IP whitelisting? 

IP whitelisting is a type of security measure that is used to restrict unauthorized access to a system or network. This is done by whitelisting IP addresses. With the help of IP Whitelisting, CEX’s can offer access to tools and software on those specific IP addresses that they consider trustworthy. This process helps block unauthorized users. IP Whitelisting enhances security and positively affects your automated security and ensures that each IP address accessing your CEX is trustworthy and without any threats. 

What are the advantages of using Personal Bot Solutions on Bimmex? 

  • Better Discipline: Automated solutions ensures that your bot strictly adheres to your strategic plan without emotions or deviations. 

 

  • Scalability: Bots can manage multiple trading pairs simultaneously, executing complex strategies that would be challenging for most clients. 

 

  • Better Execution: Bots follow instructions precisely, avoiding common human errors in managing your portfolio. 

 

  • More Energy: Bots work 24/7, allowing you to be efficient even when you are not actively monitoring the market, ensuring you do not miss potential opportunities. 

 

  • Reliability: Personal Bot Solutions are executed from a cloud based secure server, proving to be a reliable resource during Black Swan events, Internet outages, and Market Volatility. 

What is the length of a BiMMEX subscription? 

We offer two options for you to choose from, a 6-month and 1 year plan. You can choose which commitment works best, and you will not have to pay for that subscription until your first month of service.  

Do you need to complete KYC (Know Your Customer) to use BIMMEX services? 

Yes, Bimmex customers will need to provide basic KYC (e.g: DL, Passport, Country ID, Proof of address.) and proof of CEX ownership.  

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