Now Live: Buy and Sell Crypto on BitMEX with Banxa

In partnership with Banxa, BitMEX now offers additional ways to buy and sell crypto directly on the platform. Purchase crypto with your credit card, debit card, Apple Pay, Google Pay, or local bank transfer. Sell crypto and receive cash to your bank account or card.

TL;DR

BitMEX has partnered with Banxa to launch additional buy (on-ramp) and sell (off-ramp) functionalities, directly inside the platform. Banxa joins Mercuryo as an alternative on/offramp provider available through the BitMEX platform.

Buy crypto: Buy Bitcoin, Ethereum, Solana, and more using Visa/Mastercard, Apple Pay, Google Pay, or local payment methods.

Sell crypto: Cash out your crypto and convert directly to cash. Receive fiat to your bank account or card payout.

No repeated KYC: All BitMEX verified users can have the full suite of features.

Buy, trade, and cash out: All on BitMEX, powered by Banxa.

The Buy Crypto and Sell Crypto features are now live on BitMEX Web and will be available via Mobile in the coming weeks.

If you haven’t signed up for a BitMEX account yet, we’re currently offering $5,050+ worth of trading credits to new users — you can register here.

What Are Crypto On-Ramps and Off-Ramps?

Buying crypto and cashing out to your bank shouldn’t require multiple platforms and a waiting game.

Crypto on-ramps and off-ramps are services that facilitate the exchange between traditional fiat currency (e.g., USD, EUR) and cryptocurrencies (e.g., BTC, ETH). On-ramps convert fiat into crypto to enter the market, while off-ramps convert crypto back to fiat and send it directly to your traditional bank accounts or payment cards.

Through Banxa, BitMEX allows you to handle both directions. Buy crypto to fund your account. Trade. When you’re ready to take profits and cash out your crypto, sell directly from your BitMEX wallet. No platform-hopping or additional KYC required for verified BitMEX users.

With Banxa joining Mercuryo and Onramper as a fiat partner, you now have multiple providers to compare rates across – all without leaving BitMEX.

How to Buy Crypto on BitMEX with Banxa

Step 1: Sign up for a BitMEX account

Make sure you have a verified BitMEX account. To complete the KYC process, you will need a valid ID and may be asked for proof of address.

If you haven’t signed up for a BitMEX account yet, we’re currently offering $5,050+ worth of trading credits to new users — you can register here.

Step 2: Navigate to Buy Crypto

Select “Buy Crypto” from the navigation bar, then click “ One-Click Buy ”

Step 3: Select the fiat currency to spend

Select a supported fiat currency you’d like to buy with. BitMEX and Banxa supports 35+ fiat currencies including EUR, USD, GBP, and more depending on your region and payment method. If you’re buying USDT with USD, select USD.

Step 4: Select the cryptocurrency to buy

Choose from 30+ cryptocurrencies including BTC, ETH, SOL, and USDT. If you’d like to buy USDT with USD, select USDT. Asset availability varies by region.

When buying Ethereum, USDT, USDC, and more

For certain tokens, you will be asked to choose a network to complete your transaction. These networks vary in speed and fees so we recommend choosing carefully. For example, if you wish to buy USDT, you will have the option to transact on Solana, Tron, BNB Smart Chain, and Ethereum network.

Enter the fiat amount under “Pay”. The equivalent crypto value updates automatically under “You Get”, inclusive of fees.

Step 5: Select your payment method – 0% card purchase fees via Banxa

Purchase crypto instantly with 0% fees using your credit card, debit card, Apple Pay, or Google Pay via Banxa on the Buy Crypto. This 0% fee period runs from 4 June 2026 to 4 July 2026. Terms & Conditions apply.

Each payment method varies in processing time and fees depending on your jurisdiction. Choose how you would like to receive your fiat under ‘Receive using’:

Visa & Mastercard — funds are sent directly to your linked debit or credit card

Google Pay, Apple Pay — funds are sent to your linked debit or credit card

Bank transfer (SEPA etc)– funds are sent directly to your bank account

PayPal (EU) – funds are sent to your PayPal account

Visit our FAQ to learn which payment methods are available in your region.

Step 6: Confirm your purchase

Review the transaction details including the exchange rate, fees, and estimated delivery time. Input your 2FA token if applicable. If you haven’t enabled 2FA for your account yet, we highly recommend setting this up.

Once you’ve reviewed the transaction, click on ‘Pay’. You will receive a confirmation email from BitMEX, and another from Banxa once the transaction processes.

Payout times vary by method and region. Credit card, Apple Pay, and Google Pay purchases are typically instant. SEPA may take up to 4 business days. Card withdrawals are typically processed within minutes to a few business days. Check Banxa’s processing times for your specific payout method here.

How to Sell Crypto on BitMEX with Banxa

Step 1: Navigate to Sell Crypto

Select “Buy Crypto” from the navigation bar, then select “One-Click Sell”. Alternatively, you can switch between the tabs on the buy crypto widget.

Step 2: Select the cryptocurrency to sell

Choose the crypto you want to convert to cash. Supported cryptocurrencies include BTC, ETH, SOL, USDT, and more. Asset availability varies by region.

Step 3: Select the fiat currency to receive

Supported currencies include EUR, USD, GBP, and more depending on your region.

Enter the crypto amount under “Pay”. The equivalent fiat value updates automatically under “You Get”, inclusive of fees.

Certain tokens require you to select a transfer network. These networks vary in fees and speed. For example, if you wish to sell USDT, you can choose to execute your transfer on the Arbitrum, Solana, Tron, BNB Smart Chain, or Ethereum network.

Step 4: Select your provider and payout method

Under ‘Receiving using’, select Banxa as the provider.

In the same section, choose how you would like to receive your fiat:

Visa & Mastercard — funds are sent directly to your linked debit or credit card

Google Pay & Apple Pay— funds are sent to your linked debit or credit card

Bank transfer (SEPA etc)– funds are sent directly to your bank account

PayPal (EU) – funds are sent to your PayPal account

Each payment method varies in processing time depending on your jurisdiction. Visit our FAQ to learn which payment methods are available in your region.

Step 5: Confirm your sale

Review the transaction details including the exchange rate, fees, and estimated payout time. Once you’ve reviewed the transaction, you will receive a confirmation email from BitMEX, and another from Banxa once the payout is processed.

For more detail, visit our FAQs.

Both Buy Crypto and Sell Crypto are powered by Banxa, a third-party payment provider. BitMEX does not process fiat currency directly. By using these features, your data is shared with Banxa in accordance with our Privacy Policy.

Deposit on BitMEX and Earn Up to $110

To celebrate the integration of Banxa, BitMEX is running a deposit match campaign. Use the Buy Crypto feature to fund your account and earn rewards:

Instant Bonus: Deposit your first $100 and trade to earn $10 in trading credits.

Mega Bonus: Deposit $10,000 and hold for 7 days to earn $50 in trading credits.

5% Cashback: Deposit at least $100 and hold for 7 days.

Terms & Conditions apply. More details here.

About Banxa

Banxa, an OSL company, is the leading provider of embedded crypto infrastructure – powering seamless integration of digital assets into existing platforms.

Over the past decade, Banxa has built global and local payment solutions, backed by an international licensing network, enabling 400+ businesses to deliver crypto and stablecoin access to millions of users around the world.

Headquartered in the United States, Europe, and Asia-Pacific, Banxa is reshaping the way we move money worldwide— with regulatory confidence, speed, and efficiency. One Network. Local Everywhere.

Learn more at: banxa.com

To be the first to know about our new listings, product launches, giveaways and more, we invite you to join one of our online communities and connect with other traders.

For the absolute latest, follow us on Twitter, join our Telegram channel or read our blog and site announcements.

In the meantime, if you have any questions please contact Support who are available 24/7.