Comparison of Bitmart vs Tradeogre [ 2024 ]

The crypto exchanges compared by their commissions, cryptos, security and much more. Here is the Bitmart vs Tradeogre comparison!

Your expert: Alejandro Borja

bitmart

Bitmart

  • Threenvest valuation: 4,2/5
  • US legal: Yes
  • Security: High 4,9/5
  • Mobile App: Yes
Go exchange

Investing risks losing your money

Your expert: Xavier Tarrasó

tradeogre

Tradeogre

  • Threenvest valuation: 2,5/5
  • US legal: No
  • Security: Low 2/5
  • Mobile App: No
Go exchange

Investing risks losing your money

Main points

Fees

0.09%/0,25%

Earns

Yes

Customer service

3/5
0,20%

Fees

No

Earns

2/5

Customer service


Recommended for

Beginners

Yes

Trading

Yes

Passive income

Yes

Buy and hold

Yes
No

Beginners

Yes

Trading

No

Passive income

No

Buy and hold


Comparison of fees

Rating

4.0 – Reasonable fees with some additional costs for specific services.
4.0 – Competitive fees with additional benefits for high-volume trading.

Level

0.09%/0,25%
0,20%

Brief explanation

BitMart’s commission structure is designed to be competitive within the cryptocurrency exchange market. The platform utilizes a tiered fee system based on trading volume, which encourages more frequent trading by reducing costs for high-volume traders. Generally, the fees for makers, who add liquidity to the market, are lower than for takers, who take liquidity away. This fee structure not only supports liquidity but also rewards users who contribute to the market dynamics. While specific percentages vary, they are kept transparent on the platform, ensuring traders can plan their transactions with clarity regarding potential costs.
TradeOgre operates with a straightforward commission structure that appeals to many users, especially those trading in smaller volumes or those new to the cryptocurrency world. The exchange primarily charges a flat trading fee of 0.2% per trade, which is relatively competitive and simple to understand. This fee applies uniformly across all trades, without differentiation between makers and takers, making it easier for users to calculate potential costs associated with their trading activities.

Bitmart

bitmart
Read bitmart review
  • Security Methods: BitMart employs comprehensive security measures to protect user assets and data. These include two-factor authentication, advanced encryption technology, and the majority of funds held in cold storage. These stringent security protocols demonstrate BitMart's commitment to maintaining a secure trading environment.
  • Reputation and Reviews: BitMart has built a solid reputation within the crypto community for its robust platform and reliable service. Positive user reviews frequently highlight the platform's user-friendly interface and the wide variety of trading options available, reinforcing its standing in the market.
  • Trading Volume and Liquidity: BitMart handles a significant volume of daily trades, ensuring high liquidity across its various trading pairs. This high trading volume is indicative of a vibrant marketplace that allows users to execute trades efficiently without substantial price slippage.
  • Year Founded: Established in 2017, BitMart has several years of operation under its belt, during which it has continuously evolved and improved its offerings. This longevity in the fast-paced world of cryptocurrency exchanges speaks to its resilience and the trust placed in it by its users.
  • Customer Service: While there have been challenges with response times, BitMart's dedication to improving its customer service is evident. They are actively working to enhance their support mechanisms to provide timely and effective help to their users, which is a critical component of user trust and satisfaction.
  • Pros
  • Extensive cryptocurrency selection.
  • Competitive trading fee structure.
  • Strong security measures implemented.
  • Cons
  • Past security breaches reported.
  • Customer support response delays.

Read bitmart review

Tradeogre

tradeogre
Read bitmart review
  • Security methods: TradeOgre offers basic security features such as 2-factor authentication (2FA), providing a fundamental level of security for user accounts against unauthorized access.
  • Trading volume and liquidity: While not comparable to larger exchanges, TradeOgre maintains a decent level of liquidity for its niche altcoin offerings, making it possible for users to execute trades relatively smoothly.
  • Reputation and Reviews: TradeOgre has cultivated a niche but loyal user base that appreciates its privacy-focused trading environment. Reviews often highlight the ease of trading and the diverse selection of altcoins.
  • Customer service: Despite limited resources, TradeOgre provides essential customer support that addresses critical issues, maintaining operational integrity for its users.
  • Withdrawal and deposit policies: TradeOgre supports a wide range of cryptocurrencies for deposit and withdrawal, allowing users flexibility in managing their crypto assets with straightforward policies.
  • Pros
  • Supports numerous altcoins
  • Simple user interface
  • No KYC requirements
  • Cons
  • Limited customer support
  • No fiat trading options

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Product selection

Native token

No
No

Earns

Yes
No

NFT marketplace

Yes
No

Cripto/debit card

Yes
No

Company information

Full name

GBM Foundation Company
Unknown

Regulation

Not regulated
Not regulated

Year founded

2017
2018

Founder

Sheldon Xia
Unknown

Payment methods

Transfers

No
No

Mastercard

Yes
No

Wire transfer

No
No

Card

Yes
No

Comparative table

Bitmart FEATURES Tradeogre
BitMart offers a relatively low minimum trade amount, making it accessible for beginners to start trading without significant capital.
Minimum Trade
TradeOgre allows for relatively low minimum trades, making it accessible for beginners or those looking to trade small amounts.
Fees are competitive, but could be improved to match lower rates offered by some other exchanges.
Trading and Transaction Fees
The platform is known for its low fee structure, which is competitive compared to many other crypto exchanges, enhancing its appeal to frequent traders.
BitMart supports a wide array of cryptocurrencies, providing users with a diverse range of trading options.
Number of Cryptocurrencies
TradeOgre excels in offering a wide variety of altcoins, including many that are not typically available on larger platforms, catering to niche market interests.
Offers a substantial number of crypto-to-crypto trading pairs, allowing for versatile trading strategies.
Crypto-to-Crypto Trading Pairs
It supports a broad range of crypto-to-crypto trading pairs, giving users ample trading options and flexibility.
The website provides essential information; however, more detailed disclosures about security practices and fund management could enhance transparency.
Website Transparency
While TradeOgre provides essential information, it could improve by offering more detailed insights about its operations and security measures.
BitMart does not offer its own exchange card for customers to use for in-store purchases and receive benefits.
Credit/Debit Card
TradeOgre focuses on cryptocurrency trading with a minimalist approach and does not provide additional financial products like an exchange card.
Provides secure storage options with the majority of assets held in cold storage, though past security breaches have impacted their score.
Storage Offering
The exchange provides basic wallet functionalities but lacks more advanced storage options such as cold storage or insured wallets.
Offers competitive staking options and rewards, appealing to users looking to earn through their crypto assets.
Staking and Rewards
There are limited options for staking or earning rewards on investments, which could detract users looking for passive income opportunities.
Both mobile and desktop platforms are highly user-friendly and feature-rich, providing a seamless trading experience.
Mobile App and Desktop
TradeOgre has a functional desktop platform, but the absence of a dedicated mobile app may hinder users who prefer trading on the go.
Customer support is available, but response times can be slow. More resources towards improving service responsiveness are needed.
Customer Service
Customer service is minimal and mostly limited to email support, which might not suffice during urgent issues or for less tech-savvy users.
BitMart offers multiple deposit and withdrawal methods, but improvements could be made in processing times and fee structures for withdrawals.
Deposit and Withdraw
Deposits and withdrawals are straightforward but limited to cryptocurrencies, which might be a barrier for those looking to use fiat currencies.

Key features

Analysis tools

Basic charting tools, some advanced features for futures
Basic charting tools

Mobile APP

Yes
No

Security

High 4,9/5
Low 2/5

Additional features

Futures trading, staking, lending services, BitMart token (BMX) rewards
Margin trading, staking, TradeOgre Earn, fiat on/off ramps

Anonymity

Yes
Yes

Key points

Available cryptocurrencies

200+
100+

User-friendliness

BitMart features an easy-to-use platform with a simple interface that is suitable for beginners. The exchange provides a seamless trading experience with all necessary features easily accessible.
TradeOgre offers a user-friendly platform that is easy to navigate, making it suitable for beginners. The interface is designed to facilitate a smooth trading experience with all necessary features easily accessible.

Value for money

Provides good value for money with low trading fees and a diverse range of supported cryptocurrencies, making it a cost-effective option for traders.
Offers good value for money with competitive fees and a user-friendly platform, making it suitable for both beginners and experienced traders.

Countries of operation

United States, South Korea, Japan, China, Singapore
United States, Canada, United Kingdom, Australia, Germany

Best for

Suitable for traders of all experience levels who want access to a diverse range of cryptocurrencies and low trading fees.
Suitable for both beginners and experienced traders seeking a user-friendly platform with competitive fees.

Base currencies available

USD, BTC, ETH, USDT
BTC

Account

Trading

BitMart is a global exchange with a good variety of cryptocurrencies and competitive fees. It offers advanced trading options but has faced some security and regulatory challenges.
TradeOgre focuses on lesser-known altcoins, offering a unique selection for users. It has competitive fees but lower liquidity and lacks advanced trading tools.

Deposit and withdrawal

BitMart provides diverse deposit methods, including bank transfers and crypto. Withdrawals are processed efficiently, typically within a day. Fees are reasonable, enhancing user experience.
TradeOgre focuses on lesser-known altcoins, offering a unique selection for users. It supports various deposit methods, and withdrawals are processed quickly with low fees.

Account opening process

BitMart offers an easy and fully digital account opening process. Users need to provide personal details and verify their identity. The process is usually quick, taking less than a day to complete.
TradeOgre offers a seamless account registration process. Users need to fill out personal details and verify their identity. The process is fully digital and typically completed within a day.

KYC required?

Yes
No

Customer Service

BitMart provides support via email and live chat. The support team is responsive and helpful, but the lack of 24/7 support can be inconvenient for users needing immediate assistance.
TradeOgre offers customer support via email and live chat. The response time is quick, but the support team is not available 24/7, which may be a drawback for some users.

Security

BitMart provides strong security with 2FA, SSL encryption, and cold storage. However, it lacks regulation from major financial authorities, which might be a concern for some investors.
TradeOgre offers comprehensive security measures, including 2FA and cold storage. However, it lacks regulation from major financial authorities, which might be a concern for some investors.

Which of these exchanges is for you?

alejandro-borja-analista-de-brokers.webp

Alejandro Borja

As an expert on our website, I recommend BitMart for traders who value a wide selection of cryptocurrencies and robust trading platforms. While the exchange offers strong security measures and diverse trading options, potential users should be aware of the historical security breaches and occasionally slow customer service. Overall, BitMart provides a user-friendly experience with competitive trading fees, making it a solid choice for both beginners and experienced traders looking to expand their crypto portfolios.
Xavier-tarraso-mascarell.jpg

Xavier Tarrasó

As an analyst at our site, I’d recommend TradeOgre for traders who are specifically interested in a diverse range of altcoins and prefer a platform that values user anonymity. While it’s great for exploring lesser-known cryptocurrencies, keep in mind that its minimal regulatory oversight and basic customer support could be a concern. If you’re comfortable with these aspects and prioritize privacy in your trading environment, TradeOgre could be a very suitable choice for your trading needs.

View all comparisons against Bitmart

View all comparisons against Tradeogre

How do we review crypto exchanges?

At Threenvest, we conduct a thorough review process to evaluate and rank the world’s leading crypto exchanges. Our goal is to offer an unbiased assessment, providing you with the information you need to make informed decisions on which ones best suit your needs. We strictly adhere to the guidelines of our editorial policy.

 

We collect data directly from exchanges through detailed questionnaires and conduct first-hand testing and observations during crypto exchange demonstrations. Questionnaire responses, combined with demonstrations and hands-on research from our experts, feed into our proprietary evaluation process that scores each provider’s performance on more than 15 factors. The end result produces star ratings ranging from poor (one star) to excellent (five stars).


For more details on the categories considered when rating brokers and our process, read our full methodology.

Risk Disclaimer

Investing in cryptocurrencies is very risky, you should only invest the money you are willing to lose. Also you should not expect to be protected if something goes wrong.

Neither Threenvest, nor the author, are recommending you to invest with this article.

More comparatives Bitmart and Tradeogre