bitmart

Bitmart Review 2024

Our veredict

BitMart presents a solid entry point for newcomers to cryptocurrency trading, offering a robust platform with a range of features that cater well to both novice and more experienced traders. One of its strongest points is the extensive selection of cryptocurrencies available for trading, which gives users a broad market scope. Additionally, BitMart implements rigorous security measures to protect user data and assets, a critical aspect that enhances trustworthiness. The platform supports multiple payment methods and provides relatively low trading fees, which can significantly benefit users looking to minimize costs.
However, it’s important to note some potential downsides. BitMart has experienced security breaches in the past, which may concern potential users about the safety of their funds. Although the exchange has taken steps to bolster its security protocols since then, the history of such incidents could be a deterrent. Also, the customer support response times can sometimes lag, particularly during peak times, which might frustrate users needing immediate assistance. Overall, while BitMart offers a comprehensive trading environment with competitive features, users should weigh these advantages against the potential risks associated with its security history.

Pros

Cons

bitmart

Investing risks losing your money

4,2

Threenvest Score

Fees

0.09%/0,25%

U.S Legal

Yes

With the confidence of Threenvest

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.
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To better understand our editorial guidelines and the investment methodology that supports our ratings, you can explore the information in our editorial policy.

About BitMart Exchange

Introduction

BitMart is a global cryptocurrency exchange that allows users to buy, sell, and trade a wide array of digital currencies. It aims to provide a simple, secure, and professional platform for traders worldwide.

What is BitMart?

Founded in 2017, BitMart is a digital asset exchange that offers crypto-to-crypto trading with a focus on liquidity and security. The platform caters to both novice and experienced traders by providing a user-friendly interface and advanced trading tools.

Background and History

Since its inception, BitMart has quickly grown to become one of the significant players in the cryptocurrency exchange market. It initially started as a crypto-to-crypto service but has expanded to include futures trading and staking services, enhancing its offerings to attract a broader user base.

Founders

Sheldon Xia, an entrepreneur with a background in computer science, founded BitMart. Under his leadership, BitMart has expanded its operations globally and now serves over 2 million customers worldwide.

Fun Facts and Interesting Insights

  • BitMart was one of the first exchanges to launch futures trading services for smaller-cap cryptocurrencies, providing unique market opportunities for its users.
  • The platform hosts regular trading competitions and giveaways, which have included prizes like sports cars and substantial cryptocurrency bonuses.

Key Features

  • BitMart offers a wide range of cryptocurrencies, including major coins like Bitcoin and Ethereum, as well as lesser-known altcoins, providing users with a diverse trading portfolio.
  • The exchange is known for its robust security measures, which include cold storage of assets, multi-factor authentication, and anti-phishing measures to protect user accounts.
  • BitMart’s mobile app allows users to trade on the go, providing the same functionalities as its desktop platform, which is a hit among its user base for its convenience and ease of use.
This comprehensive approach, from its rich history and innovative offerings to its strong focus on security and user experience, makes BitMart a noteworthy platform in the crowded cryptocurrency exchange landscape.

Why Choose Bitmart?

Choosing BitMart as your cryptocurrency trading platform offers several compelling advantages. Firstly, BitMart’s interface is designed with both novice and experienced traders in mind, making it accessible regardless of your trading proficiency. The platform supports a broad spectrum of cryptocurrencies, providing a diverse range of trading opportunities across different digital assets. This variety ensures that users can capitalize on market movements and portfolio diversification.
Secondly, BitMart’s commitment to security is notable. They employ rigorous measures such as cold storage for the majority of funds, multi-factor authentication, and continuous system updates to safeguard user assets. This dedication to security builds a trustworthy environment for traders.
Lastly, BitMart’s customer service is available 24/7, highlighting their commitment to user satisfaction. This reliable support system ensures that users’ queries and issues are resolved promptly, which is crucial in the fast-paced world of cryptocurrency trading.

Where it falls short

Security Concerns: Despite improvements after past security breaches, BitMart needs to continue bolstering its security measures to restore and maintain user trust fully. The platform could implement more advanced security protocols such as real-time monitoring for unusual activity and further enhance their transaction security with updated encryption methods or additional layers of user verification.
Fiat Currency Support: Currently, BitMart provides limited support for fiat currencies, which can be a barrier for new users looking to enter the cryptocurrency market using traditional money. Expanding its fiat currency support would not only make the platform more accessible to a broader audience but also enhance the ease with which existing users can fund their accounts and withdraw profits.
Features Explanation
Minimum Trade
BitMart offers a relatively low minimum trade amount, making it accessible for beginners to start trading without significant capital.
Trading and Transaction Fees
Fees are competitive, but could be improved to match lower rates offered by some other exchanges.
Number of Cryptocurrencies
BitMart supports a wide array of cryptocurrencies, providing users with a diverse range of trading options.
Crypto-to-Crypto Trading Pairs
Offers a substantial number of crypto-to-crypto trading pairs, allowing for versatile trading strategies.
Website Transparency
The website provides essential information; however, more detailed disclosures about security practices and fund management could enhance transparency.
Credit/Debit Card
BitMart does not offer its own exchange card for customers to use for in-store purchases and receive benefits.
Storage Offering
Provides secure storage options with the majority of assets held in cold storage, though past security breaches have impacted their score.
Staking and Rewards
Offers competitive staking options and rewards, appealing to users looking to earn through their crypto assets.
Mobile App and Desktop
Both mobile and desktop platforms are highly user-friendly and feature-rich, providing a seamless trading experience.
Customer Service
Customer support is available, but response times can be slow. More resources towards improving service responsiveness are needed.
Deposit and Withdraw
BitMart offers multiple deposit and withdrawal methods, but improvements could be made in processing times and fee structures for withdrawals.

Investing risks losing your money

Xavier-tarraso-mascarell.jpg

EIP and Cryptocurrency Investor

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.

Fees

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.

Pros

Cons

BitMart’s trading commissions structure is designed to accommodate a broad range of traders, from novices to professionals, by offering a competitive and transparent fee model. This is crucial for users who need to manage their trading costs effectively while engaging in various trading activities on the platform.

Trading Commissions

BitMart employs a tiered fee structure based on trading volume, which incentivizes high-volume traders with lower fees. Typically, fees range from 0.05% to 0.25% per trade, depending on whether you are a maker or a taker, and how much volume you’ve traded in the past 30 days. This model is beneficial as it rewards users for higher trading activity with more favorable rates, promoting liquidity on the platform.

Hidden Commissions

One of the key strengths of BitMart is its policy against hidden fees. The exchange is transparent about the costs associated with trading, deposits, and withdrawals. However, users should be aware of potential fees incurred when trading digital assets, which can vary depending on the specific cryptocurrency.

Context and Analysis

Comparatively, BitMart’s fees are lower than many other major exchanges, which can charge up to 0.5% per trade. This makes BitMart an attractive option for traders who operate with slim margins and require cost efficiency to maximize their returns. Moreover, the exchange supports a wide array of cryptocurrencies, providing traders with numerous trading pair options. This variety allows users to diversify their strategies across different assets, which is advantageous in the volatile crypto market.

Conclusion

In summary, BitMart’s commission structure is thoughtfully designed to support both high and low-volume traders. Its transparency regarding fees contributes to building trust with its users. For those looking to engage in regular trading, BitMart presents a cost-effective platform with its lower fee brackets for higher volume trades. Nonetheless, it is vital for all traders to fully understand the fee implications of their trading activities to manage their investments effectively.

Product selection

BitMart offers a comprehensive suite of services and products that cater to the diverse needs of its users. As a cryptocurrency exchange, it provides a platform for trading various digital assets, including spot trading and futures, which are crucial for both short-term traders and long-term investors. BitMart’s significant strength lies in its integration of advanced trading tools and charting software, which allows users to analyze market trends and make informed decisions. Moreover, BitMart supports staking and DeFi products, enabling users to earn returns on their holdings directly through the platform. This feature is particularly attractive for those looking to maximize their earnings from cryptocurrency investments. Additionally, the exchange ensures a high level of security, employing state-of-the-art security measures to safeguard user assets and data, which is a critical consideration in the digital asset space. Overall, BitMart’s robust functionality, combined with user-centric services such as a 24/7 customer support system and an intuitive mobile app, makes it a reliable and efficient choice for both novice and experienced cryptocurrency enthusiasts.

Pros

Cons

BitMart offers a vast array of services and products, making it a comprehensive platform for cryptocurrency enthusiasts and traders. Here’s an extensive overview of the features available on BitMart:

Leveraged Tokens

BitMart provides leveraged tokens, allowing traders to gain increased exposure to the market without the complexities of managing a leveraged position manually. These tokens are designed for short-term bets on market movements.

Debit Card

BitMart has partnered with payment processors to offer a cryptocurrency debit card that enables users to spend their cryptocurrencies at merchants worldwide and withdraw fiat from ATMs.

Mobile App

The BitMart mobile app is available on both Android and iOS, offering full trading functionality, wallet services, and account management features, enabling users to trade and manage their portfolio on the go.

Own Cryptocurrencies

BitMart supports trading in its own native token, BMX, which users can use for trading fee discounts, participation in token sales, and more.

Financial Products

BitMart offers a range of financial products, including staking, savings accounts, and lending services, allowing users to earn interest on their cryptocurrency holdings or borrow against them.

Launchpad

The BitMart Launchpad is a platform for launching new cryptocurrencies and tokens, providing users with early access to new and potentially lucrative investment opportunities.

EARN

The EARN feature allows users to stake their cryptocurrencies directly through the platform to earn rewards or interest, enhancing their investment strategy without requiring active trading.

Staking

BitMart’s staking services enable users to lock up certain cryptocurrencies in a wallet to support the operations of a blockchain network and, in return, receive rewards.

Loans

Through BitMart, users can take out loans against their cryptocurrency holdings as collateral, offering a way to access liquidity without selling their assets.

Liquid Swap

BitMart’s Liquid Swap is an automated market maker platform for exchanging two tokens or cryptocurrencies, providing users with low slippage and immediate transaction capabilities.

Promotions and Referral Codes

BitMart frequently offers promotions, bonuses, and referral codes that provide additional benefits or discounts, enhancing user engagement and loyalty.

Leverage and Demo Account

For those looking to trade with leverage, BitMart offers leveraged trading options up to a certain limit. Additionally, a demo account feature allows new traders to practice trading without risking real money.

Futures and Wallet Services

BitMart provides futures trading, allowing users to speculate on the future price of cryptocurrencies. The platform also offers secure wallet services for storing a wide range of digital assets.

Derivatives, API, and Trading View Integration

Traders can access derivatives markets on BitMart. The platform also supports API integration for automated trading and features integration with Trading View for advanced charting tools.

Yielding Pools and Bonus Deals

BitMart offers yielding pools where users can invest their tokens to earn returns based on pool performance. Bonus deals are also provided periodically to reward active platform users. By providing such a diverse suite of services and products, BitMart caters to a wide audience, from beginners needing basic trading capabilities to advanced traders looking for complex financial instruments and yield strategies. This inclusivity is part of what makes BitMart a versatile and attractive option in the cryptocurrency space.

Account opening

Registering an account on BitMart involves a few simple steps. Users start by providing an email address or phone number, to which BitMart sends a verification code. Once verified, you set up a strong password. The next step, which is crucial for security and compliance with regulatory frameworks, involves completing Know Your Customer (KYC) verification. This process requires submitting identification documents such as a passport or driver’s license, and possibly a proof of address, depending on the level of verification required. This KYC process is designed to enhance security on the platform and prevent fraudulent activities. The entire registration process is designed to be as efficient as possible, ensuring users can quickly start trading, staking, or participating in other financial activities offered by BitMart.

Pros

Cons

When considering joining BitMart, it’s essential to understand the steps involved in getting started, from signing up to making your first cryptocurrency purchase. Here’s a detailed guide on how to navigate the BitMart platform:

How to Sign Up on BitMart

  1. Visit the BitMart Website: Go to the official BitMart website.
  2. Create an Account: Click on the “Sign Up” button. You can register using an email address or a mobile number.
  3. Verify Your Email or Mobile Number: Enter the verification code sent to your chosen method to proceed.
  4. Set a Strong Password: Choose a secure password to protect your account.

Opening an Account

  1. Complete KYC Verification: For full account functionality, complete the Know Your Customer (KYC) process, which may include uploading government-issued ID and, in some cases, a proof of address.
  2. Enable 2-Factor Authentication (2FA): For added security, set up two-factor authentication using an app like Google Authenticator or SMS verification.

How to Buy Your First Cryptocurrency

  1. Deposit Funds: Navigate to the “Deposit” section and choose your preferred deposit method, whether cryptocurrency or fiat options (if available).
  2. Select a Market: Once your funds are deposited, go to the trading interface, and select the cryptocurrency pair you wish to trade.
  3. Place an Order: Choose between a market order (buy immediately at current prices) or a limit order (set a price at which you want to buy) and execute your trade.

Account Types

  • Basic Account: Allows trading with basic limits, suitable for new users.
  • Advanced Account: Requires additional verification, offers higher trading limits and additional features.

How to Use BitMart?

  • Navigate the Platform: Explore the trading interface, understand how to view charts, check balances, and monitor open orders.
  • Use Trading Tools: Utilize tools like chart indicators and analysis features to inform your trading decisions.

Registration and KYC

  • Privacy and Security: Understand that while registration requires personal information, BitMart uses this to ensure the security and regulatory compliance of its services.
  • KYC Process: Be prepared to submit photographs of your ID and potentially a selfie with your ID for verification purposes.
This guide is designed to help beginners navigate their initial experience with BitMart smoothly, ensuring they can start trading with confidence. Remember, each step, especially security measures like KYC and 2FA, is crucial in protecting your investments and enhancing your trading experience.

Security

At Threenvest, we recognize BitMart as a legitimate and secure cryptocurrency exchange with a solid foundation in user protection. The platform employs multiple layers of security, including two-factor authentication, cold storage for the majority of user assets, and high-level encryption to safeguard personal data. Regular security audits further bolster its defenses, ensuring that vulnerabilities are addressed proactively. These measures collectively contribute to BitMart’s strong reputation for security in the crypto trading community, despite the past security breaches which have prompted the platform to significantly enhance its protocols. BitMart’s commitment to regulatory compliance and its multi-faceted approach to security reflect its dedication to providing a trustworthy trading environment. While BitMart is not regulated by a single major financial authority, its adherence to international standards and anti-money laundering (AML) procedures underscores its legitimacy. The comprehensive security infrastructure and the proactive steps taken to secure user funds and data make BitMart a reliable choice for traders. At Threenvest, we find that BitMart’s robust security measures and ongoing improvements position it well as a safe and legitimate platform for cryptocurrency trading.

Pros

Cons

In the realm of cryptocurrency exchanges, BitMart has established itself as a significant player by focusing on security as a cornerstone of its operations. Below is an in-depth examination of BitMart’s security features and protocols to assess its legitimacy, measures, and overall safety.

Is BitMart Legit?

BitMart operates with a strong emphasis on compliance and has implemented various security protocols to protect user assets and data. It has engaged with cybersecurity experts to conduct regular audits and updates its security measures based on the latest industry standards and practices.

Regulation and Licensing

While BitMart is not explicitly regulated by a major financial authority, it adheres to international standards for financial security and anti-money laundering (AML) procedures. This includes following practices that prevent the misuse of its platform for illegal activities.

Security Measures

  • Cold Storage: A large portion of the digital assets on BitMart is stored in cold wallets, which are isolated from any internet connection, significantly reducing the risk of hacking.
  • Multi-Factor Authentication (MFA): BitMart mandates the use of MFA for all users, adding an extra layer of security for account access and transaction confirmations.
  • Encryption and Security Protocols: The platform utilizes high-level encryption to secure user data and communications from being intercepted or tampered with.
  • Withdrawal Whitelists: Users can set up withdrawal whitelists, which restrict outbound transfers to approved addresses only.

Is BitMart Safe?

BitMart has made substantial investments in security technology to safeguard user funds and personal information. However, like any platform, it is not entirely immune to threats. Past incidents, such as the security breach in 2021, where substantial amounts of assets were stolen, highlight potential vulnerabilities. Since then, BitMart has increased its security measures and resilience against attacks.

Addressing Past Security Incidents

In response to previous breaches, BitMart has revamped its security framework and increased its investment in cybersecurity solutions. The platform has also enhanced its internal risk control and monitoring systems to detect and respond to suspicious activities more swiftly.

User Reviews and Trust

Feedback from users suggests a mixed sentiment regarding BitMart’s security. While many appreciate the robust security measures in place, others express concerns about the platform’s response times and clarity in communication following security incidents.

Conclusion

BitMart is a robust platform that has taken significant steps to ensure the security of its operations and user assets. It operates with a high degree of security awareness and has implemented numerous safeguards. However, potential users should be aware of the historical security breaches and consider the platform’s ongoing efforts to enhance security when deciding to trade on BitMart. It’s recommended for users to employ all available security measures, remain vigilant, and stay informed about best practices for safeguarding their digital assets.

Customer service

BitMart offers a comprehensive customer support system designed to meet the diverse needs of its global user base. Users can access support 24/7 through multiple channels, including live chat, email, and social media platforms. The live chat feature provides real-time assistance, ensuring that urgent issues are addressed promptly, while email support is ideal for more detailed inquiries. Additionally, BitMart’s extensive help center offers a wealth of articles and FAQs that help users resolve common issues independently, enhancing the overall user experience. Despite the robust support infrastructure, user feedback on BitMart’s customer service is mixed. While many users appreciate the availability and responsiveness of the support team, some have reported delays and inconsistencies in the quality of assistance during peak times or complex issues. Improving response times and ensuring more consistent support quality could further enhance user satisfaction. Overall, BitMart’s commitment to customer service, combined with its multiple contact methods and resources, makes it a reliable platform for users seeking comprehensive support in their trading activities.

Pros

Cons

Customer Support at BitMart

Overview: BitMart’s customer support framework is designed to provide timely and effective assistance to ensure a smooth trading experience for users. The support team is accessible 24/7, reflecting the non-stop nature of the cryptocurrency market. Methods of Contact:
  1. Live Chat: Available directly on the platform, offering real-time assistance.
  2. Email Support: Users can send detailed queries and reports to BitMart’s support email.
  3. Social Media: BitMart is active on platforms like Twitter and Facebook, where users can also reach out for help.
  4. Support Ticket: Through the BitMart website, users can submit support tickets for issues that require thorough investigation or documentation.

Reputation and Customer Feedback

User Experiences:
  • Positive Feedback: Many users appreciate the 24/7 availability and the multiple channels of support offered, noting that it enhances their confidence in the platform.
  • Negative Feedback: Some users have noted delays in response times during periods of high market volatility or technical issues on the platform. There are also occasional reports of responses being too generic or not sufficiently addressing specific user concerns.

Response Time

  • Live Chat and Social Media: These channels typically offer the quickest response, often within minutes, which is suitable for urgent issues.
  • Emails and Support Tickets: Responses can take anywhere from a few hours to a couple of days, depending on the complexity of the issue and the current volume of inquiries.

Additional Considerations

  • Language Support: As BitMart serves a global audience, offering support in multiple languages can significantly enhance user experience and accessibility.
  • Quality of Responses: Ensuring that customer service representatives are well-trained and knowledgeable about the platform’s operations and current crypto regulations can improve the quality of support.
  • Proactive Communication: During outages or when technical issues are detected, proactive communication from BitMart can help manage user expectations and reduce the volume of inquiries.

Conclusion

While BitMart offers robust customer support designed to meet the needs of its diverse user base, enhancing response quality and reducing wait times during peak periods could further elevate user satisfaction. Investing in additional training for support staff and perhaps expanding the team during expected high-volume periods could mitigate some of the current challenges faced by users. Ensuring that every user interaction is as informative and helpful as possible will strengthen BitMart’s reputation and encourage ongoing trust and loyalty from its customers.

Is bitmart Right for You?

1. Trading Requirements and Experience Level

  • Variety of Trading Options: BitMart offers a wide range of trading products, including spot trading, futures, options, and staking services. This makes it suitable for traders who want a diverse portfolio and are interested in exploring different trading strategies.
  • User Interface: The platform is designed to be user-friendly, but it also contains advanced features that benefit more experienced traders. If you’re new to cryptocurrency, consider whether you will need time to learn how to navigate more complex trading environments effectively.

2. Security Concerns and Asset Safety

  • Past Security Breaches: While BitMart has made significant improvements to its security protocols, it has experienced security breaches in the past. If the security of your assets is a top priority, consider how comfortable you are with the measures BitMart has put in place following these incidents.
  • Robust Security Measures: Evaluate if the current security measures, such as cold storage, two-factor authentication, and regular audits, meet your standards for safety and align with your risk tolerance.

3. Customer Support and Service Satisfaction

  • Support Accessibility: BitMart provides 24/7 customer support with multiple contact methods, including live chat and email. This is crucial if you value having constant access to support in managing your trades and resolving issues.
  • User Feedback: Consider the mixed user feedback regarding response times and the effectiveness of problem resolution. If you prioritize strong, reliable customer support, think about how the experiences of existing users align with your expectations.
By carefully considering these factors, you can determine if BitMart provides the trading environment, security, and support services that best fit your cryptocurrency trading needs and goals. This approach will help ensure that you choose a platform that aligns well with your specific requirements and expectations in the dynamic world of cryptocurrency trading.

Bitmart compared to other crypto exchanges

bitmart

Threenvest score

4,2

Fees

0.09%/0,25%

US Legal

Yes

Security

High 4,9/5

Investing risks losing your money

bitpanda

Threenvest score

4,8

Fees

0,10%/1,49%

US Legal

No

Security

High 4,9/5

Investing risks losing your money

gemini

Gemini

Threenvest score

4,9

Fees

US Legal

Yes

Security

High 4,9/5

Investing risks losing your money

Available cryptocurrencies and countries available

BitMart offers a diverse range of cryptocurrencies, featuring over 200 different digital assets for trading. This wide selection includes major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP), along with a variety of altcoins and tokens, making it a suitable platform for traders looking to diversify their crypto holdings.

Main Cryptocurrencies Not Available:

While BitMart supports an extensive array of digital currencies, some notable cryptocurrencies like Cardano (ADA) and Solana (SOL) might not be consistently available, depending on the regulatory and partnership status at any given time. It’s important for users to check the availability of specific cryptocurrencies if they have particular assets in mind for trading.

Principal Countries Available:

BitMart is accessible to users in a wide range of countries globally. Key markets include parts of North America, Europe, and Asia, which allows for a diverse user base and ensures robust liquidity and trading volumes.

Important Countries Not Supported:

However, BitMart does not offer services to users in some significant regions due to regulatory restrictions. Notably, residents of the United States and China are restricted from opening accounts due to the specific regulatory environments in these countries, which can impact potential users in these large markets. This information is crucial for potential users to understand where BitMart operates and whether it supports the cryptocurrencies they are interested in trading, as well as if they are eligible to open an account based on their location.
  1. Bitcoin (BTC)
  2. Ethereum (ETH)
  3. Ripple (XRP)
  4. Binance Coin (BNB)
  5. Tether (USDT)
  6. Cardano (ADA)
  7. Solana (SOL)
  8. Dogecoin (DOGE)
  9. Polkadot (DOT)
  10. Litecoin (LTC)
  11. Chainlink (LINK)
  12. Bitcoin Cash (BCH)
  13. Stellar (XLM)
  14. Uniswap (UNI)
  15. Aave (AAVE)
  16. Cosmos (ATOM)
  17. Tezos (XTZ)
  18. EOS (EOS)
  19. Monero (XMR)
  20. Tron (TRX)
  1. Bitcoin (BTC)
  2. Ethereum (ETH)
  3. Ripple (XRP)
  4. Binance Coin (BNB)
  5. Tether (USDT)
  6. Cardano (ADA)
  7. Solana (SOL)
  8. Dogecoin (DOGE)
  9. Polkadot (DOT)
  10. Litecoin (LTC)
  11. Chainlink (LINK)
  12. Bitcoin Cash (BCH)
  13. Stellar (XLM)
  14. Uniswap (UNI)
  15. Aave (AAVE)
  16. Cosmos (ATOM)
  17. Tezos (XTZ)
  18. EOS (EOS)
  19. Monero (XMR)
  20. Tron (TRX)

FAQs

To begin trading, you first need to create an account on BitMart. Once registered, complete the necessary KYC verification to enable full trading capabilities. After verification, deposit funds into your account via your preferred method (cryptocurrency or fiat, depending on availability), and then you’re set to start trading across various markets offered on the platform.
BitMart employs a tiered fee structure that varies based on your trading volume. Fees typically range from 0.05% to 0.25% per trade, decreasing as your trading volume increases. Additional fees for deposits and withdrawals depend on the method and currency.
As of 2024, BitMart does not support users residing in the United States due to regulatory reasons. Individuals in the U.S. may need to consider other exchanges that comply with local regulations.
BitMart offers a wide range of cryptocurrencies for trading, including major ones like Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP), as well as numerous altcoins and tokens.
BitMart prioritizes security with multiple measures in place, including two-factor authentication (2FA), cold storage for the majority of assets, SSL encryption for data transmission, and regular security audits to safeguard the platform and user accounts.
To withdraw, navigate to the ‘Withdraw’ section of your account, select the asset you wish to withdraw, enter the amount and the destination wallet address. After submitting your request, it will be processed according to BitMart’s security protocols, which may include email confirmation for security verification.
Yes, BitMart provides 24/7 customer support through various channels including live chat, email, and a comprehensive FAQ section on their website. This ensures that users can get assistance whenever needed, regardless of their timezone or the nature of their query.

Final opinion on Bitmart

At Threenvest, we aim to provide our users with unbiased, detailed insights into various cryptocurrency exchanges to assist in making informed decisions. BitMart, with its broad array of services and extensive cryptocurrency offerings, stands out as a versatile platform suitable for both novice and seasoned traders. The exchange’s commitment to providing a secure trading environment is commendable, evident in its robust security measures like two-factor authentication, cold storage, and regular security audits. These features ensure a level of safety that aligns with the best practices in the industry, although past security breaches do warrant consideration and remind users of the inherent risks in crypto trading.
However, BitMart is not without its limitations. The platform’s user interface, while rich in features, might pose a challenge for beginners without prior trading experience. Additionally, the lack of regulatory clarity in certain jurisdictions, such as the United States, restricts its accessibility to a wider audience. Compared to other exchanges, BitMart offers competitive fees and a wide range of trading options, which can be a significant advantage for users looking to execute diverse trading strategies. In conclusion, as we at Threenvest assess BitMart, we find that it offers a compelling mix of tools and services that can cater well to a global audience seeking a reliable and dynamic cryptocurrency trading platform.

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.

Do not invest unless you are fully prepared to lose the entire amount of your investment. This is a high-risk activity, and you should not rely on any guarantees of protection if something goes wrong.

alejandro-borja-analista-de-brokers.webp

Economist | Cryptocurrency exchange analyst

The author of the review

Alejandro Borja is an accomplished economist with a distinguished career spanning various facets of the financial industry. His academic journey began with a degree in Economics, laying the foundation for his deep understanding of financial markets.

Over the years, Alejandro has honed his skills by working with some of the largest financial media outlets, analyzing and reporting on economic trends and investment opportunities. His expertise in financial analysis has made him a respected voice in the economic community.

Investing risks losing your money