We will thoroughly explain the reviews, reputation, and features of overseas virtual currency exchange Bitmart. Bitmart is very popular as it has been used by over 9 million people. This article summarizes BitMart’s features, fees, and account opening, so please refer to it.
Bitmart company profile, basic information, and safety
Bitmart was founded in the Cayman Islands in 2018. This is a virtual currency exchange with over 9 million registered and active users. You can also trade derivatives with up to 100x leverage. Therefore, it is a very popular exchange worldwide, and it has the following characteristics, so we will introduce the information in a list. When checking, there is no risk as there is ample security if necessary.
| Exchange | Bitmart |
| Establishment | 2018 |
| Location | Cayman Island |
| Max Leverage | 100x |
| Crypto | 750～ |
| Commission | 0.05％ |
| URL | Home |
Obtain financial license
BitMart has obtained the financial license “MSB” issued under the supervision of the U.S. Department of the Treasury, so it is regulated in the market. However, there are no licenses from the Financial Services Agency in Japan or Europe. Reliability and safety are very high. Users from other countries can use it without any problems as long as they use it at their own risk.
Full of security measures
BitMart has a wide range of security measures in place, including 2FA (two-factor authentication) and cold wallets. By holding assets in a wallet, you can safely protect your crypto assets. There has been no damage from hacking in the past.
Introducing the features and functions of Bitmart
Now, when actually using Bitmart, we will introduce the functions and features of each, so please refer to them. You can also trade on the app, and there are a lot of coins available, including Bitcoin. Please note that virtual currencies may fluctuate.
Large number of currencies handled
Bitmart handles a large number of virtual currency stocks. You can trade in over 750 currency pairs, including BTC, ETH, USDT, and XRP. This is in no way inferior to competitors such as Binance, Bybit, and MEXC. There are many rich projects in the industry, and some coins have just been listed.
There are new services such as NFT and DeFi
Bitmart is introducing new services such as NFT and DeFi. The NFT Marketplace is already open, and you can start buying and selling immediately by registering and accessing it.
fees are very low
Transaction fees are very low. Regarding spot transaction fees, you can get 25% off by paying the fee with BMX. As the lowest price in the world, it has attracted the attention of many investors and people involved in virtual currency, leading to its popularity.
| spot transaction fee | 0.25% |
| futures trading fees | Maker: 0.02%/Taker: 0.06% |
You can trade with a smartphone app
Bitmart has a smartphone app that is compatible with both iOS and Android, and you can also order from a tablet. We highly recommend this service as you can order smoothly from your tablet or smartphone even if you don’t have a computer. The smartphone app can be downloaded and installed for free.
Deposit and withdrawal methods
The deposit and withdrawal method is virtual currency remittance. At the exchange, you will receive a deposit address and a QR code. You can send the amount by copying and pasting the address into the designated field of the source exchange or wallet.
You can receive dividends indefinitely
With Bitmart, you can receive dividends every day and there is no expiration date. For virtual currencies, there were few exchanges that had rules for discounts and dividends like stocks, but with Bitmart, you have a chance to receive profits other than investment. Every time a new currency is traded, participants will receive a portion of the trading fee as dividends, depending on the BMX they invested.
Exchange original token “BMX”
The exchange has its own token “BMX”. There is also an original rule that you can get it by ordering it, and the level will increase depending on the quantity you have. If you pay the transaction fee using BMX, you will get a 25% discount on spot transaction fees.
Support is available
Support is very comprehensive. We are available in the following languages and provide support via live chat or email 24 hours a day, 365 days a year. It also provides the latest information.
- English
- Español
- 日本語
- Nederlands
- Português
- Русский
- Türkiye
- українська
- Tiếng Việt
- 简体中文
- 繁体中文
What are the actual user evaluations?
So what are the actual evaluations? Let’s take a look at Tradersiunion, a major review site. There are a large number of users from the United States, but it is known that users have registered from all over the world, including South Korea, Greece, India, Egypt, and Turkey.
Source : TradersUnion
I have been working with the BitMart exchange for two years. During this time, the platform has almost doubled the number of pairs available for trading. I trade Bitcoin, Ethereum, and Ripple, but there are dozens of assets here including the most popular ones. By the way, I have no complaints about the terminal’s operation. It’s simple and convenient. The TradingView terminal is similar to most cryptocurrency exchanges. A mobile application is an adapted version of a web terminal, it has the same functionality with an intuitive interface.
The commissions are objectively low. There is one caveat, though: the trader’s trading level depends not only on the total trading volume but also on the amount of the platform token (BMX) kept on your account. It’s not a problem to trade a little BMX and keep it in your wallet to keep your fees low. Their investment system is quite good. It’s the simplest of all that I have seen. Choose a program, make a deposit, and start earning. Literally, in three clicks.
As a result, I recommend the platform to absolutely everyone: from newbies to crypto traders and to investors. Apart from a simplified terminal, there is nothing for beginners: no training or explanatory materials. But in fact, you don’t need much. Crypto trading is completely intuitive.
Source : TradersUnion
I got acquainted with the BitMart exchange less than two months ago by clicking the referral link. The first thing I liked was their site: it is localized to most major languages, and it is simple and easy to understand. The same can be said about the terminal, including the mobile iteration. An important advantage is that there is a separate service with simplified trading, just for novice crypto traders like me. Also, they trade all popular cryptocurrencies. Therefore, there are many from which to choose. There are no problems with deposits or withdrawals because BitMart provides any options.
Another advantage especially for beginners is that there are no minimum deposit requirements or account maintenance fees. In terms of commissions: even if you do not trade using the platform’s token, the 0.25% fee for the taker/maker is lower than with most crypto exchanges with which I am familiar. I do not use leverage for futures, I am not interested in investment programs yet, but this functionality is there, and it attracts traders and assets to the platform. To summarize, I recommend this exchange!
Source : TradersUnion
The BitMart exchange is a very progressive platform. For some time, I traded on several exchanges in parallel and in the end made BitMart my choice. In short, their trading terminal is standard. The availability of a mobile application is a definite plus. A potential disadvantage for beginners: no demo accounts or tutorials. Technically, the absence of quick communication with technical support can be considered a disadvantage, but over 2.5 years of trading, I have never needed to get in touch with them. I did not notice any other shortcomings, even small ones.
A big plus is low fees and the possibility to reduce them, even more, using the BMX token. It is quite easy to get 100k BMX, while the commission is reduced by 0.05%, from 0.25 to 0.20%. And this is only the third level, there are eight of them in total. Plus, there is a discount on commissions for the Pro status, if available. Another definite plus is a large pool of cryptocurrencies and tokens. The investment system is also as simple as possible, it did not find any pitfalls down the road. The only thing is that the deposit is frozen (therefore, staking would be more advantageous, as the deposit can often be withdrawn and used). I recommend this exchange.
Source : TradersUnion
BitMart offers virtual cryptocurrency trading. This is noticeable right away when you try to open orders. You set the price higher, the trading bot sets the price lower. And so on. Trading bots are the real “clients” of BitMart. They increase volumes and help drain client deposits.
Source : TradersUnion
I got into trouble – my access to my BitMart account was blocked, and my funds were used without my consent. All my money was lost in losing trades. When I was able to log into my user account, I discovered that there was no money left in the account. The broker did not explain its actions in any way. Everything indicates that BitMart is a scam!
Source : TradersUnion
already 2 years, I was satisfied, the trade was going well, a month ago I tried to withdraw, but my transaction was frozen. I contacted support and they told me that they noticed suspicious activity and are checking my account for hacking. But this cannot be done for a month. I think I just got scammed.
Source : TradersUnion
The BitMart platform suits me both for trading and investing. Many coins are offered for trading, including rare ones. Listing is ongoing and new coins are frequently added, which makes me happy. The volumes are very large, it is not for nothing that the BitMart exchange is considered one of the leading in the world. You can trade both on the spot market and in futures. As for investing, I use BitMart Lending. It offers coins for lending by users at good interest rates. I am already participating in one of the projects, and I am waiting for repayment. You can participate in several investments at once. But you need to know that before the expiration of the investment period, the tokens cannot be taken to the investor.
Source : TradersUnion
My feedback on the BitMart exchange will be positive. Before registering here, I studied the history of the exchange, as well as user reviews. The exchange is relatively young, although all crypto exchanges have appeared only recently. The safety factor is important for me because on many exchanges, clients have lost their funds due to hacking. But I have not heard that there are similar problems with BitMart. During registration, technical support was of great help, and it actually works 24/7, but there is no online chat. I haven’t gone through full verification yet, and I don’t need it. The limits for my account are ₿2 on the day of trading, that’s enough for me. With fiat currency, you can buy crypto very quickly through the Buy & Sell Crypto function. I started by buying BTC through a bank card. I will continue to trade further.
Source : TradersUnion
You can open an account for free
You can open an account for free, and click the button below to access the official website of the company. Content can be registered with an email or phone number. If possible, please complete the two-factor authentication. Once the verification code is completed, it will be valid and you can log in and make transactions.
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