BitMart Review 8.9/10⭐

Want to trade 1000 different crypto pairings on a world famous exchange? You can't go far wrong with Bitmart. Give it a try today and sign up for a FREE account.


NOTE: Customers from United States are not allowed to register. Find another broker here.

Trade and leverage right here on BitMart, one of the most globally accessible exchanges around with tons of pairings available.

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Background & Overview

 

Bitmart is known for having one of the largest selections of cryptocurrencies. Some of the biggest ones are Bitcoin, Ethereum, BNB, Cardano, and Solana. Smaller cryptocurrencies are also included in this exchange, although some of them might have dubious value. The site also offers futures and margin trading options in many countries. Both of these features allow you to use leverage with your crypto investing. It is worth noting that very few crypto exchanges have these two features, and that makes the site ideal for advanced traders. Visit BitMart now!

 

Advantages at BitMart

+ BitMart offers margin trading and futures trading.
+ Trading fees are very low.
+ This platform is user-friendly and easy to navigate.
+ Bitmart offers a very high number of cryptocurrencies.
+ You can buy and sell NFTs on the site.
+ Mobile users can use an app to access the service. 

Disadvantages

- It was hacked in 2021, and this led to a loss of $196 million in crypto.
- Fiat deposits only through third-party processors.
- Not regulated in the US, EU, UK, or Asia.
- Many coins with dubious value are listed on the site.
- It isn't necessarily beginner-friendly. 

KYC & Registration

Signing up at Bitmart is quite simple and fast. You only need to provide details like your email and password. The site also requires customers to verify their identities in order to get full access to the functions of the exchange. Without KYC, you will only be able to make deposits, buy, and sell crypto, and withdraw up to 0.06 BTC daily. You can complete the KYC process on the website or app. This process involves sending a copy of your ID and selfie.

 

Company Account

Bitmart is a great trading platform for institutional traders. Such clients will enjoy first-class liquidity and trading support. The site also has customary and fair fees. Institutional clients have a special customer support email and will enjoy excellent customer service. The sign up process for corportate customers takes a bit more time, but this is to be expected. An exchange that made it super easy to open a business account with these kinds of features would be highly dubious.

 

Leverage

▪ Rated at 9/10

You can enjoy leverage trading at Bitmart, and you will need to open a margin trading account to start using this feature. Margin trading allows you to exchange crypto with a margin multiplier of 5X to 100X. You can also enjoy futures trading on this platform. This option allows you to trade crypto at a predetermined price at a specific time in the future. While leverage trading can be highly profitable, it can expose you to significant risk.

Customers in the United States can buy, sell, and trade crypto, but they can't access all the advanced trading features such as leveraging.

 

Costs

▪ Rated at 10/10

Bitmart has very low trading fees, and this means you will be able to keep more of your profits. The standard trading fee is 0.25% for both makers and takers. However, traders who use its native BMX will be able to get a 25% discount. Using it will give you various benefits aside from lower trading fees.

The fees will go down as you move to higher levels on the platform. At the highest level, you will pay taker and maker fees of 0.075%. The site also has a discount for professional traders, and these are identified by the amount of money they trade. Such traders can pay fees of between 0.02% and 0.065%. You can get a 35% discount when using BMX as a professional trader.

The site doesn't have any deposit fees for crypto, but withdrawals will attract a small fee. This charge will depend on the cryptocurrency you intend to withdraw and the network you are using. You may also have to pay gas fees.

 

Deposit Methods

▪ Rated at 10/10
Below you can see a list of the deposit methods available on BitMart. Some of them may not be available in United States as it depends on regional regulation, but normally the most common payment methods are available across numerous countries.

Bitmart supports only a few fiat deposit methods. These include Visa, Mastercard, PayPal, and Apple Pay when used through one of its third-party processors such as Simplex or Paxful. As noted earlier, the site doesn't have any fees for deposits. However, it also accepts a massive range of cryptos for deposit. These include the Bitcoins and Ethereums of the world, but also many smaller coins and tokens.
Read more about the deposit methods at BitMart here.

 

Platforms

▪ Rated at 8/10
The following platforms are supported by BitMart:

Bitmart has a user-friendly design and layout. The site lets you sign up and complete customer verification quite fast. You will be able to use various quick links to access important pages of the exchange. These links will take you to the markets, futures section, NFTs market, and promotions.

 

Automated Trading and Copy Trading

If you're interested in auto trading features, you can use third party bots on Bitmart. These let you automate the process of crypto investing, trading, analysis, and storage. By doing this, you will remove human emotions from trading which can be beneficial for some people.

›› Get started with Crypto Auto Trading at BitMart now. 

Languages supported

The following languages are supported on BitMart:

Chinese, English, Japanese, Portuguese, Russian, Spanish and Turkish and Vietnamese

 

Broker Support

▪ Rated at 9/10

Bitmart has an excellent customer support team, which can be accessed via live chat or email. Both of these options are available 24/7. Note that email has an average turnaround time of 3 days. Live chat is a faster option. You should also consider going through the FAQ section as it covers many topics regarding the site.

 

FAQ

Where can I register for BitMart?

The best way is to open an account here and if you have any further questions you can get in touch with their support directly.

Who started Bitmart?

This website was founded by Sheldon Xia and is based in the Cayman Islands.

Is Bitmart a reliable crypto exchange?

Bitmart was the subject of a major hack in 2021, and this led to the loss of large amounts of money. However, the site has since improved its security features. It now uses 2FA systems, cold storage, and encrypted servers.

Which cryptocurrencies can I buy and sell at Bitmart?

One of the biggest benefits of this site is that it lists more than 1000 cryptocurrencies. The biggest ones include Bitcoin, Ethereum, Cardano, and Solana. You can use BMX tokens to lower your trading fees.

Does Bitmart have a staking option?

Yes, you can stake your cryptocurrencies to earn interest on this site. This lets you earn passive income. The rewards are distributed every month.

Which countries are excluded from the platform?

This platform is accessible in more than 180 countries. These include the USA and most European countries. Some countries that restrict their citizens from using the trading service include North Korea, China, Congo Brazzaville, Cuba, Iraq, Iran, and Ivory Coast.

 

History of BitMart

2017 Bitmart was founded by Sheldon Xia. He currently works as the CEO of the site. The company is incorporated in the Cayman Islands.

2018 The exchange launched its own token, which is known as BMX or Bitmart Token. This token gives holders various benefits, including trading discounts.

2021 The site was hacked and ended up losing a total of $196 million in cryptocurrencies. This seriously affected the reputation of the company. However, it has since added stronger security features, including hybrid hot and cold storage facilities.

 

Instruments available

▪ Rated at 10/10

Crypto Currencies

BTC/USDT, ETH/USDT, PEPEAI/USDT, ETH/USDC, PNUT/USDT, BUSD/USDT, TRUMP/USDT, BTC/DAI, SHIB/USDT, ADA/USDT, DOGE/USDT, ECOTERRA/USDT, ALPH/USDT, XLM/USDT, ALEX/USDT, RAPTOR/USDT, GORILLA/USDT, SAND/USDT, X/USDT, TRX/USDT, FTT/USDT, GMT/USDT, KAVA/USDT, LTC/USDT, AVAX/USDT, AGIX/USDT, TUSD/USDT, AAVE/USDT, MATIC/USDT, MANA/USDT, QUINT/USDT, TIKTOKEN/USDT, HBAR/USDT, BGVT/USDT, XLM/USDC, XRP/USDT, XMR/USDT, FIL/USDT, LOVELY/USDT, MOON/USDT, MATIC/USDC, TRX/USDC, BMX/USDT, FXS/USDC, OP/USDC, PI/USDT, APT/USDT, THETA/USDT, OMAX/USDT, SHINJA/USDT, AR/USDT, BRG/USDT, DOGEDIGGER/USDT, BONK/USDT, WE/USDT, USDC/USDT, ELAN/USDT, ALGO/USDT, ALICE/USDT, JASMY/USDT, EOS/USDC, HOOK/USDT, APL/USDT, FTM/USDT, GALA/USDC, USDP/USDT, GAMEX/USDT, QLINDO/USDT, DYDX/USDT, LYO/USDT, PARADOX/USDT, DASH/USDT, AMPLIFI/USDT, OVR/USDT, TEDDYV2/USDT, SOL/USDT, DEP/USDT, CHZ/USDT, UTED/USDT, APE/USDC, DOGE/USDC, OP/USDT, PIAS/USDT, MCONTENT/USDT, WTK/USDT, FND/USDT, SKEY/USDT, LOOP/USDT, ATOM/USDT, OSMO/USDT, NEPT/USDT, BUSD/USDC, FLR/USDT, EOS/USDT, TRI/USDT, MEG/USDT, CVX/USDT, PC/USDT, WAVES/USDT, KATA/USDT, NVIR/USDT, SOL/USDC, MULTI/USDT, DOGECOLA/USDT, CELO/USDT, XDEN/USDT, WELT/USDT, ALGO/USDC, AUDIO/USDT, MASK/USDT, CAKE/USDT, $CCX/USDT, NAKA/USDT, FLOKI/USDT, XLN/USDT, BLUESPARROW/USDT, YGG/USDT, GEAR/USDT, OAS/USDT, FRA/USDT, SNS/USDT, ICP/USDT, NTIC/USDT, SAND/USDC, DINO/USDT, ALGOBLK/USDT, FET/USDT, ICE/USDT, SRM/USDT, BBT/USDT, LTC/USDC, SSV/USDT, NLC/USDT, MTH/USDT, ADS/USDT, D2T/USDT, IUX/USDT, HYPER/USDT, FEAR/USDT, ZENIQ/USDT, LUNA/USDT, PEN/USDT, IMT/USDT, ATOZ/USDT, XTZ/USDT, FLOW/USDT, MTVT/USDT, VINA/USDT, GSX/USDT, SUSHI/USDT, ZRX/USDT, CAUSE/USDT, CIX/USDT, EFK/USDT, GAMINGSHIBA/USDT, PRMX/USDT, MFI/USDT, XRPAYNET/USDT, DRAC/USDT, LOCUS/USDT, ETC/USDT, CUBIX/USDT, 3ULL/USDT, MMAI/USDT, MHUNT/USDT, ZINU/USDT, USDD/USDT, VINU/USDT, DAI/USDC, $FLAG/USDT, BONE/USDT, GQ/USDT, CELR/USDT, MGT/USDT, KRU/USDT, CYOP/USDT, CIRUS/USDT, PLASTIK/USDT, BCB/USDT, NEO/USDT, SG/USDT, DOME/USDT, LUNC/USDT, ZEC/USDT, VICA/USDT, TUSD/USDC, XWG/USDT, EXN/USDT, SEON/USDT, GODE/USDT, PLCU/USDT, NFT/USDT, ILV/USDT, STORJ/USDT, LEZ/USDT, USDD/USDC, TSUKA/USDT, GAIA/USDT, LDO/USDC, FYN/USDT, BAND/USDT, OCEAN/USDT, DODI/USDT, 1INCH/USDT, SOLAR/USDT, BGC/USDT, POSS/USDT, EAI/USDT, DVDX/USDT, RBIF/USDT, LIT/USDT, RITE/USDT, BTT/USDT, API3/USDT, PHL/USDT, VEMP/USDT, BAT/USDT, DEBT/USDT, PEOPLE/USDT, ZPTC/USDC, SANTOS/USDT, PORTO/USDT, ENS/USDT, FTRB/USDT, HTO/USDC, ETHW/USDT, ATHENAS/USDT, RVLT/USDT, RSR/USDT, KTX/USDT, ONLYFANS/USDT, VRGW/USDT, VET/USDT, KLAY/USDT, ERR/USDT, ENJ/USDT, LNR/USDT, IMC/USDT, FRONT/USDT, PAYBIT/USDT, STG/USDT, QTUM/USDT, HIGH/USDT, KOM/USDT, ANKR/USDT, MCRT/USDT, QNT/USDT, SPELL/USDT, REDLC/USDT, FREE/USDT, PERP/USDT, LAZIO/USDT, VXL/USDT, LOKA/USDT, AXS/USDT, MRHB/USDT, XCH/USDT, PKT/USDT, REBUS/USDT, UMA/USDT, WOO/USDT, CHEQ/USDT, TFUEL/USDT, DODO/USDT, XEM/USDT, MC/USDT, HOT/USDT, BCH/USDT, ALTRU/USDT, EUROC/USDC, WBTC/USDT, MGXG/USDT, QUACK/USDT, STORE/USDT, WQT/USDT, BAR/USDT, BNT/USDT, KALI/USDT, CARE/USDT, HFT/USDT, GTC/USDT, ALPINE/USDT, LUXY/USDT, IMX/USDT, OKB/USDT, BZEN/USDT, RACA/USDT, SINGH/USDT, TRAXX/USDT, BVC/USDT, TBC/USDT, IMPT/USDT, PLI/USDT, DES/USDT, RAY/USDT, MEVR/USDT, FRZSS/USDT, BLXM/USDT, DAR/USDT, MAGIC/USDT, KKT/USDT, C98/USDT, COC/USDT, $PORT/USDT, NEXO/USDT, ACH/USDT, MONOPOLYMETA/USDT, CFXT/USDT, IDNA/USDT, SQUIDGROW/USDT, RARE/USDT, SHA/USDT, STEP/USDT, BABYDOGE/USDT, CROGE/USDT, ASSA/USDT, LPT/USDT, ATLAS/USDT, TOR/USDC, SRX/USDT, ADP/USDT, G1X/USDT, UPO/USDT, SPXC/USDT, VHC/USDT, ACA/USDT, GBEX/USDT, CREO/USDT, G/USDT, KIND/USDT, CAST/USDT, XEN/USDT, QUICK/USDT, LUFFY/USDT, HI/USDT, ASX/USDT, MLX/USDT, MIR/USDT, BLP/USDT, ZGD/USDT, BAKE/USDT, ZEN/USDT, PKR/USDT, PAF/USDT, TOR/USDT, PTX/USDT, RACA/USDC, BENX/USDT, ATLAS/USDC, CGO/USDT, CDOG/USDT, LUNG/USDT, HEC/USDT, TRAVA/USDT, GST/USDT, QDT/USDT, DC/USDT, BSHEESHA/USDT, LEASH/USDT, GMEX/USDT, BTH/USDT, GMM/USDT, PLANETS/USDT, RSS3/USDT, AZY/USDT, TLM/USDT, $POR/USDT, SIDUS/USDT, GAL/USDT, CRO/USDT, $ARG/USDT, ALCAZAR/USDT, VTHO/USDT, STC/USDT, MINA/USDT, XRUN/USDT, WAS/USDT, $DFI/USDT, DG/USDT, SOS/USDT, RTC/USDT, MSTR/USDT, REP/USDT, AVA/USDT, ANC/USDT, CSPR/USDT, SLP/USDT, WWY/USDT, NULS/USDT, LGC/USDT, MEAN/USDT, HMT/USDT, GLM/USDC, WILD/USDT, CHESS/USDT, VOLR/USDT, WMT/USDT, SOM/USDT, RARI/USDT, GULF/USDT, RCG/USDT, KOL/USDT, STARL/USDT, LAT/USDT, PLEX/USDT, SWEAT/USDT, LITH/USDT, SXP/USDT, ESHEESHA/USDT, PIG/USDT, VSP/USDT, GNO/USDT, BICO/USDT, LAYER/USDT, EUL/USDT, MONS/USDT, VR/USDT, THG/USDT, TWT/USDT, MOVEZ/USDT, VISION/USDT, TAMA/USDT, PROS/USDT, ARTEQ/USDT, HT/USDT, CHA/USDT, CCT/USDT, NYM/USDT, NSUR/USDT, BFIC/USDT, PSG/USDT, HEC/TOR, FAKT/USDT, LOOKS/USDT, ETHF/USDT, BRISE/USDT, DUET/USDT, AST/USDT, ACM/USDT, GET/USDT, TROJANIX/USDT, BLOK/USDT, BSV/USDT, QOM/USDT, FOXV2/USDT, VRJAM/USDT, $HMT/USDT, PIF/USDT, GMX/USDT, MR/USDT, CITY/USDT, OLE/USDT, XETA/USDT, TON/USDT, AKITA/USDT, FORT/USDT, DBD/USDT, ARX/USDT, OHO/USDT, ACK/USDT, ELVN/USDT, NFTY/USDT, SLC/USDT, BETU/USDT, FITFI/USDT, GM/USDT, ASS/USDT, VTS/USDT, POR/USDT, CATHEON/USDT, WIN/USDT, BABY/USDT, CMCX/USDT, BHAT/USDT, BEPRO/USDT, WCSOV/USDT, TERA/USDT, WLKN/USDT, LKD/USDT, OPUL/USDT, TANK/USDT, PSTAKE/USDT, BIT/USDT, LYXE/USDT, ZBC/USDT, SLRR/USDT, GMCOIN/USDT, CDTC/USDT, MTW/USDT, CEM/USDT, MILO/USDT, XSPECTAR/USDT, BERRY/USDT, EQ/USDT, BRN/USDT, MINTME/USDT, DHLT/USDT, LXF/USDT, NEOM/USDT, LITX/USDT, IXP/USDT, DORA/USDT, CRTS/USDT, BMX/USDC, SHIBDOGE(1M)/USDT, BONDLY/USDT, Q2/USDT, TCG2/USDT, CENX/USDT, YCO/USDC, ELON/USDT, MISA/USDT, TBCC/USDT, GLD/USDT, YOOSHI/USDT, WRX/USDT, ZNC/USDT, EGLD/USDT, SAITAMA/USDT, TOKAMAK/USDT, WEC/USDT, ATR/USDT, GOAL/USDT, HNTR/USDT, LWC/USDT, SYP/USDT, SLEEPEE/USDT, OOE/USDT, DBX/USDT, FWC/USDT, LED/USDT, DOGECOIN/USDT, ZPAY/USDT, BFHT/USDT, KISHU/USDT, XI/USDT, MBX/USDT, PKN/USDT, SKL/USDT, HOD/USDT, QRDO/USDT, XBLL/USDT, ATH/USDT, XRD/USDT, STRM/USDT, EFI/USDT, RAMA/USDT, MVRS/USDT, PROTEO/USDT, CHECKR/USDT, CASH/USDT, STMX/USDT, ANML/USDT, LABS/USDT, FIRO/USDT, BANANA/USDT, KUBE/USDT, DMTR/USDT, CFX/USDT, KAG/USDT, XCAD/USDT, VAB/USDT, ROCKI/USDT, METO/USDT, STACK/USDT, FIO/USDT, VOLT/USDT, FTB/USDT, LEX/USDT, SFM/USDT, H2O/USDT, MEX/USDT, PPI/USDT, WEMP/USDT, ZEON/USDT, RODEO/USDT, GPCX/USDT, KAU/USDT, DCASH/USDT, SHILL/USDT, M87/USDT, DCB/USDT, VC/USDT, FORM/USDT, DOGA/USDT, MANC/USDT, MSP/USDT, SFIT/USDT, KTO/USDT, MMETA/USDT, BSP/USDT, HBB/USDT, MVEDA/USDT, WNK/USDT, KOSON/USDT, MRX/USDT, GOMT/USDT, GGG/USDT, JAM/USDT, LBT/USDT, XDC/USDT, BDY/USDT, QI/USDT, SWU/USDT, RADAR/USDT, TLOS/USDT, RBLS/USDT, SYNR/USDT, HOTCROSS/USDT, MVP/USDT, AFIN/USDT, ARZ/USDT, ISP/USDT, GWT/USDT, VLTY/USDT, STREETH/USDT, PTOY/USDT, AKN/USDT, FIMI/USDT, GAMI/USDT, HYDRA/USDT, OMNIA/USDT, CHEDDA/USDT, FALCONS/USDT, SOLVE/USDT, TRADE/USDT, CFI/USDT, FUNEX/USDT, FWCL/USDT, DINGO/USDT, BYP/USDT, RBW/USDT, PLN/USDT, INR/USDT, CWEB/USDT, S2K/USDT, HPN/USDT, AGV/USDT, MEGA/USDT, STRX/USDT, AUDT/USDT, METIS/USDT, NASSR/USDT, BTCPAY/USDT, FINA/USDT, NODL/USDT, VCG/USDT, ETH/BTC, BMX/BTC, BNB/BTC, MATIC/BTC, ALGO/BTC, ATOM/BTC, LTC/BTC, TRAC/BTC, LOOM/BTC, PLEX/BTC, BCH/BTC, QTUM/BTC, STRM/BTC, IOST/BTC, ZIL/BTC, YCO/BTC, TRX/BTC, VET/BTC, DASH/BTC, EUM/BTC, DGB/BTC, XLM/BTC, ONT/BTC, EOS/BTC, BTCV/BTC, OMG/BTC, ETH/DAI, BMX/ETH, VET/ETH, LTC/ETH, NEO/ETH, GOC/ETH, EUM/ETH, XLM/ETH, TRX/ETH, WCSOV/ETH, BONDLY/ETH, BETH/ETH, SKL/ETH, HOT/ETH

›› Sign up at BitMart here
NOTE: Customers from United States are not allowed to register. Find another broker here.

Screenshots from BitMart

Read the BitMart Terms and Conditions here.
BitMart Review Published: Monday, 16 Jan 2023 9:44 am
Last Updated: Thursday, 21 Nov 2024 10:07 am