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Review on BitMart by Adejoh Samuel

Bitmart Got Me Fascinated By Their Exclusive Services

Having an exchange platform that offers the best of services has always been my ambition. Due to this, I have been through many exchanges but one thing or the other made me dislike it. One of the many exchange platforms I tried out is Bitmart. It is an exchange platform that isn't too new to the industry as it has been in existence since the year 2018. The best thing I loved about the exchange platform is it's well-laid our, properly designed and easily-navigateable interface. The user interface made me develop the zeal to explore more from the exchange platform. Although they have their mobile applications available in both Android and iPhone operating systems, I had my account registered on the web for reasons best known to me 😉😉

The next thing I got after their interface is their records. Keeping a clean record should be Paramount to every company because many traders and investors rate companies based on the last records they've kept. The Bitmart exchange platform surprised me with the fact that nobody has ever raised a red-flag of being scammed by the site, awaiting withdrawals for long or loosing their money in whatever way there is. The company has been transparent ever since it got into the market and that alone kept me exploring. I got to find out that the exchange platform makes provision for traders to lend their cryptos and await interest at the end of it all. Further exploration made me discover that they pay as much as 40% per annum. In two years I can get close to double the money I lended out. After discovering this, I tried it out and was told that it is currently not available but would be anytime soon.

I moved on to putting their customer support to test. I made a transaction on the exchange platform and after sometime I complained of not receiving yet (although it hadn't taken that long). Their customer support gave me a reply saying, it would be checked immediately and true to their word it was approved almost immediately. What made me love their customer support is not the speed of execution actually but because of its authenticity. They promised of doing something and did it almost immediately.

Finally I was beginning to loose interest in the exchange platform when I discovered how much they charge for trading fee. For traders like me who would love to have their cryptocurrencies traded at a lower cost, the Bitmart hasn't done that for us as I find their trading fee a bit high. They charge a fee of 0.2% for both makers and takers. Although this fee is not too much as it is lower than the industry's average. They also offer a discount for using their own coin, this discount cuts off 25% of the trading fee and this coin can be purchased on their platform at a standard price.

Pros & cons

  • Their trading fee is not too much and can be afforded
  • They offer a discount of 25% for trading whenever their coin is used to pay
  • They allow traders to borrow their funds and they receive interest in return
  • Their customer support is really good and authentic. They promised me of processing my stuff and it got it done almost immediately
  • Their interface is suitable for begginers
  • They have their mobile applications available for both Android and iPhone operating systems
  • They've been able to keep a clean record as nobody has reported them of being a scam and their platform has never been hacked
  • Their trading fee looks a bit high to me and reduction should be considered
Ibrahim Sunday
January 06, 2021
Bro.. 0.2% is too much o, imagine us trading with 1000naira being charged 2naira for just simple order that is not sure. Biko its too much. Your write ups no be here. Energy choke. Thanks for the review.