Pros
- diversified system
- over the counter trading
- trade show
- underlying architecture
- Integrated Experience
Cons
- not
BitMart Review
95
·
Followers 7
·
Very good
Rating
4.1
Crypto Exchanges
Note. The exchange had security issues.
https://support.bmx.fund/hc/en-us/articles/4411998987419
Description of BitMart
What Is BitMart?
BitMart is a centralized exchange that provides crypto asset trading and investment services to over 9 million users around the globe. The trading platform offers numerous features for its clients, including staking, lending, savings products, derivative contracts, and expanded spot trading options. For advanced crypto enthusiasts, BitMart provides futures trading and margin trading that allow them to use leverage.
Users also have access to major cryptocurrencies, a user-friendly and straightforward interface, a comprehensive knowledge base, a secure wallet, a well-designed mobile app, and an NFT marketplace.
The BitMart network is committed to security, stability, and scalability, which is why it adopted an advanced multi-layer and multi-cluster system architecture. A year after its founding, in 2018, the exchange launched its investment token BMX, built on an ERC-20 standard.
Who Are the BitMart Founders?
Sheldon Xia is the Founder and CEO of the company. He studied at the Stevens Institute of Technology, majoring in Computer Science. Xia specializes in the Financial Software industry. Before BitMart, he founded projects The SVIEF and Women4Blockchain.
When Did BitMart Launch?
The project came into existence in 2017 and became available to the public in March 2018.
Where Is BitMart Located?
According to Crunchbase, BitMart is headquartered in the Cayman Islands with offices in China, South Korea and the United States. The exchange is officially registered as a Money Services Business (MSB) in the U.S.
BitMart Restricted Countries
The global cryptocurrency exchange provides real-time trading services in over 180 countries with no KYC. Moreover, it can be accessed by U.S. citizens (except for such states as Connecticut, Georgia, Hawaii, New Mexico, New York, Washington).
The list of banned countries includes Afghanistan, China, Congo, the Democratic People's Republic of Korea (DPRK), Eritrea, Iran, Iraq, Ivory Coast, Japan, Kyrgyzstan, Lebanon, Libya, Sudan and South Sudan.
What Coins Are Supported on BitMart?
The platform features more than 1000 crypto assets with 700+ trading pairs, among popular coins: BTC, ETH, AVAX, BNB, DOGE, LTC, SAND, SHIB, SOL and more.
Users can buy cryptos with a credit/debit card, bank/wire transfer, or Apple Pay.
How Much Are BitMart Fees?
BitMart has a tiered fee structure that applies a Maker-Taker model. Fees start at 0.25% for price Makers and Takers. Trading fees are based on the trading volume over 30 days (in BTC) and BMX balance. Fees for futures trading are much lower and competitive, it has Maker fees of 0.04% and Taker fees of 0.06%. The platform doesn't charge deposit fees, as for withdrawal fees, commissions vary from coin to coin. Refer to the Fee Structure: https://www.bitmart.com/fee/en for more details.
Is It Possible To Use Leverage or Margin Trading on BitMart?
The platform offers margin trading. In the futures market, traders can exchange assets with a margin multiplier of 5, 10, 20, 50, 100. BitMart's Futures Trading function officially launched in 2020.
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Pros
- The registration process is very straightforward and fast.
- The market has large permanent cryptocurrencies and notes.
- The general exchange device is aimed at market professionals and newbies.
- There is a monetary system.
Cons
- mining fees are higher than others.
Pros
- Exchange has a good reputation
- High rate of daily trading volume
- Convenient registration
- It is suitable for both amateur traders and professionals
- Ability to buy and sell cryptocurrencies through fiat currencies
- Ability to work via mobile with the help of dedicated Android and iOS applications
- In the referral program, this exchange from Sub Referees also gives us a commission percentage
Cons
- The futures simulation section is abandoned and it is not possible to test ourselves by trading due to the large price difference between the lowest selling order and the highest buying order.
Pros
- Although Bitmart has only 3 years of experience, it has now managed to surpass many old crypto exchanges thanks to excellent plans and strategies.
- An exchange that does its best to please its users, we can understand this from the feedback of the users.
- Users' assets are protected by the latest technologies, so no one should worry about Bitmart's security
Cons
- I don't think Bitmart has a serious downside.
Pros
- Crypto trading platform with a customer satisfaction-oriented approach to advanced user interface and fast, satisfactory support
- customer service is very relevant and answers your questions in a short time
- a large portfolio of altcoins
Cons
- withdrawal fees higher than other exchanges
Pros
- The registration process is very simple and fast.
- It has a great variety of crypto assets and tokens with great volatility in the market.
- Its traditional exchange mechanism is adapted for experts and beginners in the market.
- It has a coin staking system.
- Allows the purchase of crypto assets with various payment methods in three different types of fiat currencies.
- Includes several languages on the platform.
- It presents good liquidity in most of its main exchange pairs.
Cons
- The response from the exchange server is a bit slow.
- The interface of futures trading is very widespread and flooded with tools that confuse the trader.
- The loan system that includes the exchange without updates.
- The user interface requires more modern development.
- Much of the minimum withdrawals of the listed cryptocurrencies is very high.
- The mobile version has many negative reviews from users.
Pros
- BitMart is completely safe for trading and digital asset management
- Their customer service team is available
- They are fast safe and secure
Cons
- No bad comment as regarding this cryptocurrency exchange
Pros
- Good
Cons
- No problems
Pros
- Bitmart is an up to date exchange with more than 200 assets for trading
- It has downloadable app for convenient and on the go trading
- The exchange is backed by huge institutional investors
- it is safe as it uses hot and cold storage to secure assets plus multisig feature embedded
- Thr platform is easy to use
- The platform supports over five million customers already
- The team is made up of experts for m different countries across the globe
Cons
- No negative comment
Pros
- Variety of assets
Cons
- difficult to withdraw
- list a lot of scam coins/pump and dumps
- faulty technology
Pros
- Good
Cons
- No problems
Pros
- Reference system
- Earning income by locking coins
- Regularly burning Bitmart coins every month
Cons
- I have some concerns about its reliability
Pros
- Referral and welcome program to earn cryptocurrencies
- Special contests for users of your platform
Cons
- Information on who your investors are is missing
Pros
- Friendly website with a playful design
- Good welcome promotions
- Program to earn cryptocurrencies
Cons
- Website with no information about who they are
- It does not present differentials with the rest of the cryptocurrency exchange pages
- Based in a tax haven such as the Cayman Islands
Pros
- good liquidity and user base, lot of trading pairs
- lot of promotions
- native token
- features such as app, futures etc.
- saving feature
Cons
- more yield products will be welcomed
- more use cases for BMX native token
Pros
- enough trading pairs
- good volume
- great promotions
- futures
Cons
- native token BMX should be better positioned
- not enough staking tokens (yield generating products)
Pros
- It has many operational options.
- Very safe exchange
- Good liquidity
- It accepts a good number of crypto currencies and many pairs.
- Easy to use
- Operations Emulator
- Good bonus incentives.
- It has many strategic alliances
Cons
- Nothing to say
Pros
- Offer Cryptos that other sites do not
Cons
- They do not represent their product well and have horrible customer service
Pros
- easier accessibility for new time buyers
Cons
- Irresponsible for their own failure and treat holders unfairly. refer to their recent hack on their wallet in December and holders still can't withdraw their funds #Safemoon
Pros
- The transaction was really safe.
- It has a wide range of possible collaborations.
Cons
- For me, withdrawal costs are extremely expensive.
