Review on BitMart by Inioluwa Okedeji
BitMart: An Exchange Platform With An Awesome Customer Support System And Branches Around The World Which Brings Them Closer To Their Clients.
BitMart is a cryptocurrency trading plaform established in 2017 by Sheldon Xia together with a team of cryptocurrency enthusiast. The aim of this trading platform is to provide a smoother, faster and more secure trading experience for users and traders while it also improves and develops to become a world class cryptocurrency exchange.
With branches and offices all around the world, they are able to satisfy their clients around the world easily, bringing their services closer to their clients. The BitMart platform also offers services like spot trading,future trading and other trading services to give users an unforgettable trading experience.
In the security aspect of the exchange, the platform is secured with advanced multiple layers security system and an architecture cluster systems designed to keep the platform from being breached. Some of the security systems include Google authentication which is also known as the 2-factor authentication system of security. All these measures makes it certain that user assets and transactions are safe and private.
The BMX token which is the native currency of the platform is an ERC20 token. BMX offer users and holders opportunites and benefits like reduction in transaction fees (of up to 25% discount) in trading and membership bonus with the opportunity to vote. The exchange platform also support the trading of Fiat currencies.
The platform's customer support service is great and one can easily contact them via emails whenever one is encountered with any issue regarding the usage of the platform, and the support will be quick to resolve those issues. So I applaud the project for their impressive customer support services.
Updated 4 years ago
Rating has not been changed
The Bitmart official app is the latest feature of the Bitmart exchange. Available on both Google playstore for android devices and Apple store for iOS devices, the Bitmart app gives traders the opportunity to trade anywhere and at any point in time.
Apart from easy accessibility and navigation that's made possible with the use of mobile applications, another advantage is additional features, this is because developers are able to add more amazing features to mobile apps versions, features that can't be possible and are not available on online website versions. There's scan code available on the website platform that users can scan to download Bitmart mobile app easily.
Traders can also make crypto purchases on the more 400 trading pairs available on the Bitmart exchange, with their debit/credit cards, a feature that makes crypto purchase very much easier. Other features of the Bitmart exchange are apart from spot trading are;
• Staking
• Lending: This gives users and traders the opportunity to lend a particular asset and the benefits to this action is that, it comes with interest rates. It is simply a sort of investment that allows users to earn passively.
• OTC Trading
• Shooting Star: This is basically a combination of ordinary and IEO listing procedures to develop high-blockchain projects.
All these are amazing features that gives traders and users more satisfaction when using the exchange.
The Bug Bounty is another impressive feature of Bitmart exchange, I found out. This is a form of incentive to users and traders, that allows them to be rewarded in BMX for discovering and bug that may threaten the platform's security and make it vulnerable. This isn't because their developers haven't done their job well, but they might have missed a few bugs and the users are then given the opportunity to benefit from discovering any big they might have missed. Although, terms and conditions do apply as to the eligibility of users for the rewards attached to any bug discovery.
So far so good, the Bitmart Exchange as added more amazing features, which is a sign of development and growth on their part, and I'm sure there's still more to come as new developments are being made everyday in the cryptospace.
Pros
- BitMart exchange has an impressive customer support system.
- It has branch offices around the world that brings them closer to their clients and their clients closer to their services.
- Holders of BMX token are opportuned to voting benefits and discount on trading fees.
- The platform is secured with mordern and advanced security systems.
- The exchange has multiple cryptocurrencies listed on it. This means there's multiple trading options for uses and traders.
Cons
- The only shortcoming I can point out to this platform is the low popularity.
