BitMart is a centralized cryptocurrency exchange with a wide range of markets and instruments. It was founded in 2017, and traders were able to use its services for the first time in 2018. The crypto exchange is registered in the United States. It is licensed as a money market operator (MSB). The headquarters are located in the Cayman Islands. The exchange also has offices in the US, China, and South Korea.
All traders are interested in the question of how much crypto is in BitMart. In total, more than 1.5 thousand coins are available here, including both popular variants (BTC, ETH, etc.) and new products of the crypto market. According to this indicator, BitMart exchange takes the fourth place in the ranking of CoinMarketCap. Users are offered two types of trading - spot and futures. In both cases, it is possible to use leverage. However, only cryptocurrency can be traded. Fiat is available for buying/selling coins. There is no commission for most currencies when depositing. Trading commissions are average on the market. At the same time, the exchange provides options to reduce them.
Traders at BitMart crypto exchange are offered quite a few ways to earn passive income, including steaking, copytrading, referral and affiliate programs. There are also quite a few promotions provided, thanks to which you can get additional earnings on BitMart or gifts such as airdrops. Unlike many other crypto exchanges, you will also manage to find a full-fledged NFT marketplace here.
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Title | BitMart |
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Website | www.bitmart.com |
Exchange type | Centralized |
Regulation | Has a U.S. license |
Commission Taker | 0.06% - spot (average value), 0.06% - futures |
Commission Maker | 0.05% - spot (average value), 0.02% - futures |
Demo account availability | Absent |
Minimum deposit | No fixed value |
Bitcoin withdrawal limits | 0.06 BTC daily for simple verification, 100 BTC daily for advanced verification |
Withdrawal limits USD | Withdrawal in fiat is not available |
Withdrawal in fiat | No |
Time to open an account | 5 minutes |
Margin leverage | 3x to 100x |
Markets | It's about 900 |
Options for passive income | Steaking, CopyTrading, referral and affiliate programs, pr. |
Technical support language | English |
Withdrawal fee | Depends on the selected coin - 0.001 BTC, 0.0021 ETH, 11 USDT, etc. |
Replenishment methods | Crypto wallets (bank cards, Apple Pay, Google Pay, Pix Payment when buying coins) |
Output methods | Crypto wallets (bank cards, Apple Pay, Google Pay, Pix Payment when selling coins) |
Account currencies | Cryptocurrencies available on the exchange |
Promo | Cryptocurrency sales, futures giveaway, etc. |
The size of trading commissions, as well as deposit and withdrawal fees on BitMart can be estimated at the average market level. For example, when trading on a spot, a beginner will have to pay 0.1% commission to both the maker and taker. However, various options are available to reduce the size of commissions. These include increasing the trading volume over 30 days, as well as using BitMart's own token, BMX, for trading.
BitMart users are offered very loyal conditions for depositing. Despite the fact that it is not possible to deposit funds in fiat, it is possible to deposit in cryptocurrency without commission for most coins. For example, depositing in bitcoins, ether, dogcoins, etc. will not require paying a commission fee.
When withdrawing funds from BitMart, the commission must be paid regardless of the choice of this or that coin. In some cases, this commission fee is quite large. For example, when withdrawing bitcoins, it is 0.001 BTC, which is 10 times more than many similar crypto exchanges. But, at the same time, withdraw USDT will be more favorable than at competitors, paying from 1 to 5 USDT, depending on the chosen network. Users can find out the exact withdrawal fee for each coin at the link above.
Trading commissions on the BitMart exchange depend on what type of trading a trader chooses. If it is a spot, the commission will directly depend on the volume of trades that have been recorded over the last 30 days. In addition, BMX holding is mandatory. Only when moving to the PRO level (when reaching trading volumes of more than 150 BTC), the user can not use Token BitMart, but only focus on their trading volumes. Below in the table you can familiarize yourself with the commission changes at each of the levels.
Level | BMX balance | Trading volume (30 days) | Maker's commission* | Taker's Commission* |
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LV1 | ≥ 0 | <150 BTC | 0,1% | 0,1% |
LV2 | ≥ 500 | <150 BTC | 0,09% | 0,1% |
LV3 | ≥ 2 000 | <150 BTC | 0,08% | 0,09% |
LV4 | ≥ 10 000 | <150 BTC | 0,07% | 0,09% |
LV5 | ≥ 50 000 | <150 BTC | 0,06% | 0,08% |
LV6 | ≥ 100 000 | <150 BTC | 0,05% | 0,06% |
LV7 | ≥ 200 000 | <150 BTC | 0,04% | 0,05% |
LV8 | ≥ 500 000 | <150 BTC | 0,03% | 0,05% |
LV9 | ≥ 1 000 000 | <150 BTC | 0,03% | 0,04% |
PRO1 | - | ≥ 150 BTC | 0,02% | 0,03% |
PRO2 | - | ≥ 500 BTC | 0,015% | 0,025% |
PRO3 | - | ≥ 2 000 BTC | 0% | 0,02% |
If a trader pays the commission in the exchange token (BMX), he receives an additional discount of 25%. It should be taken into account that this discount is not valid for PRO-level holders.
Within BitMart futures trading, the commission is fixed:
In this case, no trade commission rebates are available.
BitMart | Binance | HTX (Huobi) | |
---|---|---|---|
Taker | 0.06% | 0.06% | 0.09% |
Maker | 0.05% | 0.05% | 0.08% |
Such data confirms that the level of trading commission of the BitMart cryptocurrency exchange is indeed in line with the average. It is worth noting that now some crypto exchanges offer zero commission in the framework of spot or futures trading. However, they are often not ready to provide the proper level of security to their clients. That is why it is important to pay attention not only to the size of commission fees, but also to other parameters.
Speaking about the deposit and withdrawal fees, it is important to note that here everything depends on a competent choice of currency - in some cases, commission fees can be more favorable than on top crypto exchanges.
BitMart users can use leverage in both spot and futures trading. The size of leverage differs. In spot trading, it is possible to attract no more than 5x leverage. As for futures, up to 100x is available. It is important to take into account that when using leverage there is an additional commission. It is 0.002291% for most cryptocurrencies. In some cases, the value will be different - for example, for AVAX - 0.003333%, for CAKE - 0.005%, etc. These will be both the initial interest rate and the hourly rate when transferring an open position.
Cryptocurrency exchange BitMart on its website provides information that the resource is reliable and safe due to the use of risk control system in the market, as well as the involvement of hot and cold wallets, multi-signature technology. However, it was not possible to find information about registration or licensing on the exchange resource itself. At the same time, coinmarketcap.com provides data that the crypto exchange is registered in the United States as a money market operator (MSB).
You can also learn about whose exchange BitMart is. It was founded by IT specialist Sheldon Xia, and now the company is headquartered in the Cayman Islands. Can BitMart be trusted based on such information? This question remains open. And each trader should answer it on his own, taking into account all possible risks.
An important feature is that the BitMart cryptocurrency exchange provides for mandatory verification. On the one hand, this somewhat complicates the process of registration and trading, because you can make your first deposit only after confirming your identity. In a number of reviews about BitMart exchange, customers evaluate this fact as a disadvantage. But on the other hand, using the services of the exchange is safer compared to resources that do not provide for mandatory KYC at the initial stages. Also, each user can connect two-factor authentication, which will help to increase the protection of the personal account.
The crypto exchange offers a very wide range of products for its users. In terms of the number of cryptocurrencies, it is among the top 4 on the market, providing access to 1,500 coins and more. In addition, traders can choose different trading options - spot (with or without leverage), futures. Futures trading provides users with more than 100 options for open-ended contracts.
BitMart Exchange | Binance | HTX (Huobi) | |
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Total number of cryptocurrencies* | 1500+ (haggling 737) | 388 | 606 |
Total number of trading pairs* | 893 | 1714 | 792 |
Bitcoin | Yes | Yes | Yes |
Etherium | Yes | Yes | Yes |
Altcoins | Yes | Yes | Yes |
Futures | Yes | Yes | Yes |
Cryptocurrency funds (a basket of cryptocurrencies in one lot) | No | No | No |
NFT | Yes | Yes | Yes |
In terms of the number of available markets, BitMart exchange takes 7th place in the CoinMarketCap ranking. Users are offered a very wide range of popular trading pairs, such as BTC/USDT, ETH/USDT, LOVELY/USDT and so on. In addition, it is possible to choose less popular options, which often turn out to be very promising. Users can also prefer trading pairs that include a crypto exchange token, such as BMX/USDT and others.
Within spot trading, traders can choose from a large number of trading pairs. All of them provide for the presence of any of these currencies - USDT, BTC, ETH, as well as ALTS, including DOGE, XRP and others. For example, it can be such currency pairs as AVAX/USDT, MATIC/BTC or LINK/ETH. Trading using a crypto exchange token is also available. In this case, the options of trading pairs are represented by BMX/ETH, BMX/BTC, etc.
It is worth considering that on the BitMart exchange website, you can find a lot of little-known coins. This is obvious, as the total number of cryptocurrencies is quite impressive. However, you should not attract them to trade without familiarizing yourself with the features. Despite their presence, there is a risk that such coins will be unclaimed for a long period of time. That is why you should familiarize yourself with the schedule and current offers in advance, and after that make a decision and choose one or another trading pair.
Leverage is available for a number of trading pairs. For example, for BTC/USDT you can leverage 5x, for MAV/USDT - 3x, for TRX/ETH - 3x, etc. There are currency pairs where leverage cannot be used.
The available futures options on this crypto exchange are USDT-M and COIN-M. We can highlight a number of options that turned out to be the most popular at the time of writing this review. These are BTCUSDT, ETHUSDT, STORJUSDT, LTCUSDT, etc.
It is obvious that the number of offers within futures trading is inferior to spot. However, an undeniable advantage is available - the possibility of using leverage up to 100x. Although trading with the use of borrowed funds is risky, it can bring a very good profit if the trader does not have enough capital of his own.
Despite such a variety of coins and trading pairs, the BitMart cryptocurrency exchange cannot use fiat funds for trading. If the user cannot deposit coins, he can use the buy/sell koins service. At the same time, dollars, euros and pounds sterling can be deposited. Coins can also be purchased using various cryptocurrencies.
The BitMart crypto exchange offers quite a few ways to generate passive income. Users should immediately familiarize themselves with such offers, but it is very important to study their terms and conditions in order to get the maximum benefit. We are talking about the following passive income options:
It is important to take into account that all of the above mentioned ways of getting passive income provide for the need to register in one or another program. To do this, the user will need to visit the appropriate section and leave an application for participation.
New clients can also count on welcome rewards. They are given when certain tasks are performed. In this case, the trader does not have to specifically perform any actions. For example, the first reward can be received simply for registration. Then the reward is given for making the first deposit in the amount of more than 100 dollars. In this case, you can expect to receive up to 800 dollars. The next reward is when buying cryptocurrencies for fiat funds in the amount of $100. The winnings also amount to 800 dollars. More detailed conditions can be found in the "Rewards Center" section.
Registering on the BitMart cryptocurrency exchange is very easy - all you need to do is enter your contact information (email address or phone number for communication). The whole procedure takes a minimal amount of time - up to 5 minutes. After completing the registration form, you will need to undergo verification. Only after that the trader will be able to replenish the account, trade and use various bonus programs. This procedure is also necessary to withdraw funds from the personal balance.
BitMart crypto exchange services are available in many countries around the world. However, despite being registered in the United States, this exchange is not available in a number of states - for example, New Mexico, Connecticut, and so on. Also, residents of Afghanistan, Congo, DPRK, Iran, Iraq, Japan, Kyrgyzstan, Lebanon, South Sudan and some other countries will not be able to access the site and register. This is due to the internal policy of these countries. A detailed list of regions whose residents cannot use BitMart trading services can be found on the CoinMarketCap website at https://coinmarketcap.com/ru/exchanges/bitmart/. English-speaking users can get this information by going to https://coinmarketcap.com/exchanges/bitmart/.
You can become a client of a cryptocurrency exchange and start trading in a matter of minutes. Registration on the BitMart website or through the app is easy. The main thing is to use real contact information when filling out the registration form, as it will have to be confirmed to get access to your personal account. It is also worth considering that the registration process is identical both on the main site and in the mobile version or app. It consists of the following steps.
To begin the registration process, the user will need to open the electronic form by clicking on the "Get Started" button in the upper right corner of the main screen.
Next, a registration form will appear on the screen, in which you can select the method of registration - by e-mail or cell phone contact number. In each case, the procedure is identical - you will need to enter your contact and create a password, which will be used to log in to your account in the future.
On this page, users can immediately get information that after registration they have access to a bonus of up to 3,000 dollars. It should be taken into account that its final amount depends on the size of the first deposit, and it is credited exclusively to the bonus account, not to the main account. Also in the registration form there is an option for making a referral ID. It is necessary for those who register on the cryptocurrency exchange as a referral at the invitation of a friend.
After entering the selected contact, password, as well as confirming that the user is 18 years old, the user will need to pass a simple captcha. It allows the system to make sure that the registration is not done by a bot. It is also worth noting that when choosing a password, it is necessary to take into account certain rules - use upper and lower case letters of the Latin alphabet, numbers and special symbols.
After the captcha is completed, a field will appear on the screen where the verification code must be entered. If the user registered via e-mail address, he will need to look for a letter with this combination of digits in his e-mail box. If the registration was done using a cell phone number, the code will be sent by SMS.
If the code is entered correctly, the system will redirect the user to the page with information about rewards for newcomers, where he can familiarize himself with all the privileges that can be used at the start.
It is important to take into account that verification is mandatory at the initial stages. Only after confirming your personal data, you can deposit money into your account and start trading. As for the withdrawal of funds, it is important to pay attention to the two stages of verification. At the first stage, it is enough to specify personal data, after which the withdrawal of the minimum amount - up to 0.06 BTC per day - will be available. Extended verification will increase this limit up to 100 BTC per day.
If the user has successfully completed the registration procedure, they will not have to repeat it later. In order to enter BitMart's personal cabinet, he or she will need to use the "Login" button, entering the data specified earlier in the registration form. This applies to both the cryptocurrency exchange's website and its applications.
BitMart Exchange | Binance | HTX (Huobi) | |
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Minimum deposit | no minimum deposit in cryptocurrency | $1 (for trading Spot 10) | $1 (for trading Spot 20) |
For exchange customers, BitMart Wallet is divided into several types depending on the type of trading they do. Thus, there are separate wallets for spot, futures, passive income, buying/selling coins, etc. At the same time, the user can freely transfer his funds from one wallet to another.
To deposit money, the user will need to go to his wallet. To do this, it is necessary to perform the following actions: select the options "Assets" → "Overview". Then it is necessary to click on the "Deposit" button, which is located directly on the wallet page. An electronic form will appear in front of the user, in which you should select the cryptocurrency, as well as the network for replenishment.
Do not forget that this option will only be available if the user has verified their identity in advance.
As for the ways of depositing funds to the account, there are several of them available. If a trader deposits cryptocurrency, it is enough for him to use the cryptocurrency wallet where his assets are located. If the user does not have coins, he will need to buy them. For this purpose, a "Buy/Sell" section is provided. In it, you can buy crypto for fiat funds, using bank cards or electronic payment services.
As for the question of how you can withdraw money from BitMart, the same methods described above are available. At the same time, you should not forget about the limit, which was also mentioned above.
The interface of the website and applications of the cryptocurrency exchange is very simple and clear. A beginner will be able to quickly understand the set of options offered. In addition, traders can use the mobile version or application of the exchange, gaining access to trading anywhere and at the right time. Downloading BitMart in the form of a mobile app is easiest on the website. For this purpose, the links available on the homepage are offered. You can also use a generated QR code.
It is important to note that both the App Store and Google Play links themselves and the generated QR code can be used.
By the way, BitMart cryptocurrency exchange has its own platform for each type of trading. When going to the spot section, the user gets to the page with all the basic tools for conducting this type of trading. TradingView charts for BitMart are available here. With their help, you can track fluctuations in the value of a currency, as well as use special analytical tools to calculate risks and more. You can also switch to the depth chart to estimate the number of orders within a certain trading pair.
Also on this page you can choose the type of spot trading - standard or leveraged. You can do it in the left panel. On the right side there is a book of orders and an opportunity to choose the type of operation - sell or buy. In the lower part of the page a trader can select orders of the following types:
To enable a trader to work with futures trading, a separate platform is presented. On it it is possible to select the optimal contract variant, get acquainted with the basic information about it and two types of charts - TradingView and depth, analyze the stock exchange stack and open the offer itself (long to buy or short to sell).
Web version | Mobile version | Mobile apps | |
---|---|---|---|
Two-factor authentication | + | + | + |
Timeframe range | 1 minute - 1 week | 1 minute - 1 week | 1 minute - 1 week |
Types of orders | Market, limit, stop-limit, trigger | Market, limit, stop-limit, trigger | Market, limit, stop-limit, trigger |
Quotation history | + | + | + |
TradingView charts | + | + | + |
BitMart Exchange | Binance | HTX (Huobi) | |
---|---|---|---|
Web platform | Yes | Yes | Yes |
Android | Yes | Yes | Yes |
iOS | Yes | Yes | Yes |
Desktop | No | Yes | No |
As for demotrading, there is no demotrading on this exchange. Users can trade only with their own capital and credit funds within the framework of margin trading.
The BitMart crypto exchange website does not have a separate section where you can read market analysis. However, it is possible to read news about the exchange using the corresponding section in the footer of the homepage. You can also visit pages in social networks. But even here you will only find interesting information and news about the crypto exchange itself.
Also, the site does not provide full-fledged training materials. In some sections you can find small hints on how to use this or that program or get any bonus. For example, when you go to the section with futures trading, you can see this instruction.
However, more detailed explanations of this or that option cannot be found on the resource.
The BitMart exchange website offers several channels for contacting the support team. These are online chat and a feedback form. Thus, any user can contact the BitMart support team, regardless of whether he or she has been registered and verified or not.
The easiest way to contact the exchange's support team is to write to live chat. However, after numerous attempts using this communication channel, no response was received. In addition, prompts from the bot come only in English, regardless of the language in which the request itself is written.
Traders can also use the feedback form. To do this, it is necessary to open the "Contact Us" section in the footer of the page and follow the offered link. The disadvantage can be considered that all information in these sections is offered only in English.
As mentioned above, all options for getting help from technical support are offered in English only. It was not possible to assess in which language it is possible to get a response from the support team, as there was no response.
The undeniable advantage of the cryptocurrency exchange is its shares, which is confirmed by BitMart reviews. At the time of writing the review, three offers were valid:
It is important to remember that all promotions are temporary. Therefore, users should keep an eye on their validity period and updates.
It is not easy to give an unambiguous assessment of this crypto exchange. It provides its users with a lot of pluses. But at the same time, it is not without minuses. Among the advantages it is worth highlighting a large number of available coins and trading pairs. Such a variety allows traders to choose the most favorable options for profitable trading. Another plus is the possibility to deposit funds without commission for the prevailing majority of coins. As for withdrawal, everything is less clear - for a number of cryptocurrencies, payments are really favorable, but for others you will have to pay a considerable commission.
Also advantages are the availability of different types of trading and access to leverage in each of them. Trading commissions are at an average level. And thanks to special offers they can be minimized. Really competitive are the number of ways to get passive earnings and a variety of promotions for new and regular clients. Among the disadvantages is the poor work of the support service. Also the lack of detailed instructions, tips and explanations for new clients is a disadvantage. Based on this, we can conclude that the platform is more suitable for experienced traders who know the basics of trading and have information about other options of the crypto exchange.