BitMEX is now a withdrawal-only environment, and its current live support documentation is more restrictive than the older schedule wording.
The closure FAQ originally said two technical changes would take effect on:
September 28, 2026 at 04:00 UTC
- API withdrawals disabled;
- USDT/USDC/ETH multi-network fungibility removed.
However, BitMEXs newer live withdrawal-limitations page already states those restrictions as the current operating state.
Following WikiBits policy of using current official operational status rather than an older scheduled description, this page treats the restrictions as already in effect.
Current withdrawal state
BitMEXs support page currently says:
Manual web only
API withdrawals are disabled.
Users must submit withdrawals through the web account portal.
This removes automated/institutional workflows that depend on:
- BitMEX API;
- Fireblocks integration;
- Copper integration;
- internal treasury automation.
Ethereum-only for three assets
Asset fungibility across multiple networks has been removed.
BitMEX says:
- USDT;
- USDC;
- ETH;
are available for withdrawal only via:
Ethereum
Users must verify the destination supports the Ethereum version of the asset.
Why WikiBit is using the live support state
The closure FAQ and the current limitations page are both BitMEX sources.
The older FAQ describes a planned date.
The current operational page describes what restrictions are currently in place.
When those conflict, a current service-status page is the more relevant source for users trying to withdraw now.
WikiBit therefore does not tell users that API withdrawals remain available merely because an older schedule originally said September 28 at 04:00 UTC.
Manual withdrawals remain available
BitMEX has not announced that all withdrawals are closed.
Users can still:
- log in;
- view wallet balances;
- view transaction history;
- submit a withdrawal through the web portal.
That distinction corrects misleading third-party headlines that describe September 28 as the end of every BitMEX withdrawal.
Trading is permanently closed
BitMEX exchange trading ceased:
September 23, 2026 at 04:00 UTC
Remaining open positions at closure were subject to forced settlement.
The trading interface and other discontinued exchange services are no longer normal operating products.
Deposits should not be sent
BitMEX says deposits sent after:
September 23 at 04:00 UTC
are:
- not credited to the account;
- not recoverable.
This is one of the highest-risk user errors during the wind-down because a blockchain transfer can succeed while the exchange refuses to credit it.
Withdrawal minimums remain
BitMEXs live support page says each asset remains subject to a dynamically displayed minimum withdrawal threshold.
A residual balance below the minimum can therefore be operationally difficult to remove.
Users should check the live withdrawal screen rather than relying on an old static minimum.
Account-fee terms
The closure FAQ says fully verified balances left on the exchange after closure are subject to a monthly account fee described as:
1% per annum or $50 equivalent, whichever is greater
until the balance is fully withdrawn.
The fee is deducted only from the existing balance and does not create a negative debt.
Because shutdown support pages have been updated during the wind-down, users should rely on their authenticated account/email for the exact fee application to their balance.
Restricted-region withdrawal access
BitMEX has temporarily reopened limited withdrawal/account access to users in several formerly restricted regions, including:
- United States;
- Canada;
- Bermuda;
- Hong Kong SAR;
- Seychelles;
- Myanmar;
subject to required KYC.
Some nationality/residency cases require manual compliance review.
Fully sanctioned jurisdictions remain blocked where legal restrictions require it.
Withdrawal processing
BitMEXs current support documentation describes normal withdrawal statuses:
- Pending;
- Confirmed;
- Processing;
- Completed;
- Canceled.
Some withdrawals can enter manual review after internal risk scoring.
“Completed” means BitMEX has broadcast the transaction; blockchain confirmation still depends on the network.
Phishing risk
BitMEX warns:
- no priority withdrawal service exists;
- it will not ask for private keys;
- it will not ask for seed phrases;
- it will not require a special payment to release funds.
Closure-related recovery messages should be treated as suspicious unless accessed through official BitMEX support.
Why this is still High risk
BitMEX says user funds are safe and the closure was a strategic decision rather than insolvency, hack or immediate regulatory pressure.
But remaining users face:
- reduced withdrawal methods;
- reduced network choice;
- minimum-balance constraints;
- potential monthly account fees;
- KYC/compliance review;
- phishing.
The safest state is a successfully confirmed withdrawal to a verified external destination.
Evidence Status
Confirmed / Official BitMEX
- Trading ended Sep. 23 04:00 UTC.
- Deposits after closure not credited/recoverable.
- Manual web withdrawals remain.
- Live support page lists API withdrawals disabled.
- Live support page lists USDT/USDC/ETH as Ethereum-only.
- Minimum thresholds apply.
- Account access remains available for withdrawals/history.
- Closure was a strategic decision, not stated financial distress/hack/immediate regulatory pressure.
Official-Schedule Discrepancy
- Older closure FAQ dated API/network changes for Sep. 28 04:00 UTC.
- Current withdrawal-limitations page already lists them as active.
- WikiBit follows current operating status.
Developing
- Future final withdrawal cutoff, if announced.
- Long-term residual-balance handling.
- User support delays.
- Fee application to individual accounts.
Risk Assessment
High post-closure asset-access risk.
Manual withdrawals remain available, but automation and network flexibility have been reduced and the exchange is no longer an operating trading venue.
What to Watch Next
Manual withdrawal throughput, new closure-support updates, any final withdrawal date, fee implementation, minimum-balance cases and phishing reports.
FAQ
Can I still withdraw from BitMEX？
Yes, through the web portal.
Can I withdraw through the API？
BitMEXs current support page says API withdrawals are disabled.
Can I withdraw USDT on Tron or another network？
The current page says USDT, USDC and ETH withdrawals are Ethereum-only.
Is September 28 the final withdrawal deadline？
No current BitMEX support page reviewed here says all manual web withdrawals end on September 28.
Can I deposit to BitMEX？
Deposits sent after Sep. 23 04:00 UTC are not credited and BitMEX says they are not recoverable.
Why did BitMEX close？
BitMEX says the board made the decision after a strategic review and that it was not caused by financial distress, a hack or immediate regulatory pressure.