Founded in 2017 and based in the Cayman Islands, BitMart has grown into a fairly good exchange, offering features such as copy trading, an NFT marketplace, earn opportunities, and both spot and futures trading. Designed by crypto specialists with a deep understanding of user needs, BitMart’s platform combines user-friendliness with a suite of advanced features.

With a strong focus on quality, the BitMart team has built a modern, fast, and secure exchange, enabling traders worldwide to confidently engage in a wide range of crypto activities. Offering products and services from trading to an NFT marketplace, this BitMart review will guide you through everything BitMart has to offer, helping you assess if it’s the right platform for your needs.

Stats	BitMart
🚀 Founded	2017
🌐 Headquarters	Cayman Islands
🔎 Founder	Sheldon Xia
👤 Active Users	9M+
🪙 Supported Cryptos	883+
🪙 Supported Perpetual Contracts	251+
🔁 Spot Trading Fees (Maker/Taker)	0.1%/0.1%
🔁 Leverage Trading Fees (Maker/Taker)	0.02% / 0.06%
📈 Max Leverage	100x
🕵️ KYC Verification	Required
📱 Mobile App	Yes
⭐ Rating	4.2/5
💰 Bonus	$3000 (Claim Now)

 

BitMart Overview

BitMart provides an intuitive platform for buying and selling cryptocurrencies, making it an ideal choice for both beginners looking to enter the market and experienced traders who need advanced functionalities. With a well-designed, reliable interface, BitMart supports trading in over 1,400 cryptocurrencies, ensuring a wide selection for any type of investor.

Beyond trading, BitMart offers a dedicated NFT Marketplace, enabling users to securely buy, sell, and hold NFTs directly on the platform. Security is paramount on BitMart; the platform employs top-tier measures, including cold wallet storage, to keep user assets safe.

Additionally, BitMart’s Launchpad provides early access to promising new tokens, offering users the chance to participate in upcoming projects. The BitMart ecosystem is further supported by its native BMX token, adding another layer of value and functionality for BitMart users.

With its extensive range of features, strong security, and a commitment to user satisfaction, BitMart stands out as a comprehensive platform that meets the needs of crypto enthusiasts at every level. Whether you’re looking to trade, explore NFTs, or invest in new projects, BitMart offers the tools and support to help you make the most of your crypto journey.

BitMart Pros and Cons

👍 Pros	👎 Cons
✅ Large selection of over 1,400 cryptocurrencies	❌ No Futures Fee discounts
✅ User-friendly for both beginners and experienced traders	❌ Was hacked in 2021
✅ Dedicated spot and futures market	❌ Limited spot order types
✅ Holding BMX tokens provides special trading discounts
✅ Over 40 FIAT currencies supported
✅ Reliable Customer Support
✅ Passive income opportunities
✅ Strong security with crypto stored in cold storage

 

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BitMart Signup and KYC

Signing up on BitMart is just as easy as on other exchanges. Simply use your email to sign up and start your BitMart experience. Initially, you’ll be at Level 0, which does not allow you to withdraw funds from your account. To access withdrawal and trading features, you’ll need to complete the KYC process. With Level 1, your daily withdrawal limit will be 0.5 BTC, and you’ll gain access to BitMart’s trading tools.

If you’re interested in Futures Trading, you’ll need to complete the advanced KYC process. Here’s how to verify your account on BitMart:

Step 1: First, go to BitMart using your browser. You can also start your crypto journey with BitMart on your mobile through the BitMart mobile app.

Step 2: On the BitMart homepage, click on the “Username” icon at the top-right corner of the page to open your account page.

Step 3: In the Verification section, you’ll see your current account level. Click on it to upgrade your account level and complete KYC.

Step 4: You will then be taken to the Identity Verification page. BitMart has two verified account levels, each offering different products. Click the “Verify Now” button to complete verification for Level 1.

Step 5: To complete verification for Level 1, you’ll only need to provide basic personal information, such as your country of residence, name, and a few other details. Provide the information, then click “Confirm”.

With this, you’ll complete KYC for Level 1. For Level 2, you’ll need to provide proof of identity, such as a government ID or driver’s license. KYC is mandatory on BitMart; with a Level 0 account, your funds will be restricted.

Before you begin the signup process, make sure your country of residence is not restricted by BitMart. You can use the BitMart Country Checker tool to see if you’re eligible to trade on BitMart.

 

BitMart Trading

BitMart offers spot, margin, and futures trading with advanced tools and a wide range of crypto pairs. Here’s an overview of the features available in BitMart’s trading tools.

Spot Trading

BitMart offers spot trading for almost 883+ different trading pairs. You can trade digital assets on BitMart’s spot market against USDT, BTC, ETH, and other major altcoins. The spot trading interface on BitMart is easy to navigate and not loaded with unnecessary information, making it great for beginners.

With low fees of 0.1% for makers and takers, BitMart is a great choice for spot trading. In terms of order types on the spot market, you can use Limit, Market, and Trigger orders. That is one of the few downsides on BitMart’s spot market as more advanced features such as trailing stop losses are not supported yet.

Margins Trading

BitMart also allows you to leverage your spot holdings with up to 5X margin on 103 trading pairs. The interface is similar to the spot trading interface, with TradingView integration. You have access to all TradingView indicators and various strategies to make informed decisions. So, if you’re into a riskier trading style, the margin trading platform is a great way to leverage your holdings and increase your profits.

Futures Trading

On the futures market of BitMart, you will have a flawless experience. The BitMart team did an amazing job designing a perfectly functioning trading platform. This is crucial, especially for leverage day traders that rely on fast execution times and no network issues. BitMart offers exactly that. We did not encounter any issues when heavily testing the platform. Even in high volatility phases, the BitMart’s platform remained stable as if nothing happened.

BitMart supports leverage of up to 100x on major cryptocurrencies such as BTC and ETH. You can also select between cross and isolated margin mode (we recommend isolated margin for beginners). If you are an advanced trader, you can even hedge your position, meaning you can long and short simultaneously.

The order types on the derivatives market are everything you require. You can choose between Limit, market, and trigger orders. You can also add a trailing stop loss. Furthermore, you can change the “Time in Force” settings. GTC (Good till cancel), FOK (Fill or kill), and IOC (Immediately or cancel) are supported.

If you are an active crypto day trader, you might also care about the live order book updating every millisecond. When observing the BitMart order book, you will also notice that the trading platform has excellent liquidity for traders while also offering a low spread of $0.1 on Bitcoin.

Lastly, BitMart supports integrated real-time charts (powered by Tradingview) where you can do your analysis with all the required tools. You can even add indicators to your chart.

 

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BitMart Fees

 

Trading Fees

BitMart offers a diverse spot fee structure based on the classification of coins. For instance, when trading a Class A pair like BTC, you will encounter a spot fee of 0.1% for both maker and taker. However, if you opt for a Class D pair, the fees rise to 0.6% for both maker and taker. By holding BMX tokens, you can enjoy a 25% discount on spot fees, which reduces the rates for Class A pairs to 0.075% and for Class D pairs to 0.45%.

For professional traders, there’s an opportunity to advance through levels based on trading volume and total asset size, making things even more appealing. For example, at Level 12, which requires a 30-day trading volume exceeding $50,000,000 and total asset holdings of at least 5,000,000, your fees will be set at 0.22% for makers and 0.24% for takers.

On the BitMart derivatives market, you can enjoy low trading fees of 0.02% for makers and 0.06% for takers. This competitive rate positions BitMart as an attractive option for dedicated crypto traders. While there are no discounts for holding BMX tokens alone, trading fee discounts are available for those who qualify as VIP traders, which requires holding BMX tokens and an initial investment of $10,000 or more.

Deposits and Withdrawals Fees

BitMart does not charge any fees for crypto deposits, allowing you to send cryptocurrencies to your account without any cost. When it comes to purchasing crypto with fiat, fees vary based on your currency and payment method. Typically, credit card purchases incur an average fee of 1%, while bank transfers may have a flat fee of $1. It’s advisable to check the specific fees for your chosen currency and payment method before making a purchase, as they can differ.

BitMart does not facilitate fiat withdrawals. For crypto withdrawals, the platform charges a network fee similar to other exchanges, which varies depending on the cryptocurrency and network you select. For example, sending USDT via the Tron Network (TRC20) is relatively inexpensive at around $1, while using the Binance Smart Chain (BEP20) typically costs between $0.50 and $1. Again, it’s important to verify the fees manually, as some cryptocurrencies may have higher withdrawal costs than others.

 

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BitMart Product and Services

BitMart offers a diverse range of products and services to cater to all types of crypto traders. Whether you’re interested in NFTs or prefer holding and earning through staking, BitMart’s offerings will appeal to you. Let’s take a look at these services:

Copy Trading

For busy individuals or new traders, the copy trading feature at BitMart presents an excellent opportunity to explore passive income in the crypto space. Launched as part of their ongoing enhancements, this dedicated copy trading feature allows users to follow experienced traders and automatically replicate their trading strategies. As of 2023, this feature is still in open beta, meaning it is accessible to everyone while continuously evolving and improving.

Users can analyze the past performance of available traders, enabling them to select those with a strong track record. We recommend focusing on low-risk, medium-reward traders to minimize potential losses. Ideally, look for traders with an average monthly return of 3-5%. While this may seem modest, it represents a reliable performance that promotes slow but steady growth with minimal drawdown.

By leveraging the compound effect over time, even small gains can lead to significant growth, making the copy trading feature an attractive option for anyone looking to enhance their crypto investment journey with minimal effort.

Mobile App

As one of the largest crypto exchanges, BitMart of course also has a dedicated mobile phone application that you can download on Android, iOS, and Windows devices. It is a very user-friendly app offering crypto traders to make transactions from anywhere in the world (as long as they have an internet connection). The interface is well-designed and works well without any lags or other issues. You can easily trade cryptos on the go with BitMart’s mobile crypto trading app.

BitMart Launchpad

BitMart Launchpad provides users with a unique opportunity to invest in new projects early, a feature now common among top exchanges. By staking USDT or BMX tokens from your holdings, you gain early access to emerging projects. This low-risk investment opportunity makes it easy to participate in new launches with confidence. However, since BitMart’s Launchpad is still relatively new, the number of available projects is currently limited but expected to grow as the platform expands.

 

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BitMart Earn

BitMart Savings lets you go beyond just holding your crypto on the platform, offering various ways to earn from your holdings. Through BitMart Earn, you have access to both flexible and fixed savings options, allowing you to stake your crypto and earn up to 15% APY on your idle assets. BitMart also runs limited-time promotions on new cryptocurrencies, with APY reaching as high as 100%.

For those willing to explore higher-risk options, BitMart Earn offers products like Dual Investment and ETH Staking, which carry some level of risk but can offer returns that exceed 100% APY.

BMX Token

Like most tier 1 crypto exchanges, BitMart also has its native token called BMX. The BitMart Token The BMX token runs on the Ethereum blockchain with ERC20 support. Holders of the BMX token receive exclusive perks on the BitMart exchange. When holding a certain amount of BMX tokens, you are eligible to vote on the exchange. Furthermore, you can receive rewards from BitMart. Lastly, you can reduce your trading fees by 25% when holding the BMX token which is a very big deal. This makes BitMart one of the most affordable spot trading platforms.

NFT Marketplace

BitMart’s NFT Marketplace is a dedicated platform for users to easily buy and sell NFTs. Currently supporting only ETH-721 tokens, the marketplace doesn’t yet accommodate Solana-based NFTs. Users can list their collections seamlessly, providing an accessible space for trading Ethereum-based NFTs.

In addition, BitMart’s INO (Initial NFT Offering) serves as an NFT launchpad where creators can list their NFT collections, offering users special discounts and early access to exciting new collections.

 

BitMart Security

BitMart prioritizes the security of its users’ assets by implementing robust measures. The platform maintains less than 1% of customer assets in hot wallets (connected to the internet) and keeps 99% in cold storage This hybrid hot/cold wallet system, along with advanced risk control measures and multi-signature technologies, enhances the overall security framework.

BitMart also encourages users to enable additional security features like Google authentication and email/SMS verification, further safeguarding their accounts. By employing Hacken’s anti-fraud technology, BitMart offers a hacker-resistant system for securing transactions on the blockchain. Additionally, through its partnership with SlowMist’s anti-fraud community program, BitMart provides enhanced protection for over 2 million users by conducting regular cybersecurity assessments to identify and mitigate potential vulnerabilities.

While BitMart did experience a hack in late 2021, the company acted swiftly to compensate all affected customers and has since implemented significant improvements to its security measures. As a result, BitMart has not faced any major security issues since then, establishing itself as a secure platform in the cryptocurrency exchange landscape.

 

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BitMart Customer Service

BitMart offers strong customer support with multiple options for assistance. The FAQ section covers thousands of frequently asked questions, allowing users to quickly find answers on their own. For more personalized support, BitMart provides 24/7 customer service via live chat, where the average response time is around 5 minutes. This quick response time places BitMart among the faster exchanges for customer support, with knowledgeable representatives who efficiently resolve queries. Users can also reach out via email, although it may take longer, with an average response time of around 24 hours.

 

BitMart Alternatives

BitMart is a decent exchange with a large selection of cryptocurrencies, but if you’re looking for alternatives, consider these:

1. Bybit: Bybit is a popular all-around exchange with a strong reputation, deep liquidity, and a wide range of trading tools.
2. Blofin: If you’re looking for a no-KYC option with competitive fees and a good selection of cryptocurrencies, Blofin is a solid choice.

Feature	BitMart	KuCoin	Blofin
Established	2017	2017	2019
Spot Fees (Maker/Taker)	0.25% / 0.25%	0.10% / 0.10%	0.10% / 0.10%
Futures Fees (Maker/Taker)	0.020% / 0.060%	0.020% / 0.060%	0.020% / 0.060%
Max Leverage	125x	125x	150x
KYC Required	No	Yes	No
Supported Cryptos (Spot)	809+	800+	394+
Futures Contracts	352+	182+	329+
No KYC Withdrawal Limit	$50,000	Not Allowed	$20,000
24h Futures Volume	$13.74B	$1.03B	$9.73B
Trading Bonus	$3,000	$10,500	$5,000
Key Features	• 809+ cryptocurrencies • No KYC required • Copy trading available	• Grid/DCA/Rebalance bots • Great for altcoins • Copy trading	• High leverage (150x) • No KYC required • Multiple fiat currencies
Sign Up	Sign Up	Sign Up	Sign Up

 

Bottomline

For those seeking a dependable and transparent cryptocurrency exchange, BitMart stands out as a top choice. With competitive fees, a thoughtfully designed platform, and a vast selection of trading pairs, BitMart caters to both beginners and seasoned traders alike. Advanced traders will appreciate BitMart’s leverage options on the futures market, supported by low fees, a range of order types, and a highly liquid, stable trading environment.

BitMart also delivers an exceptional customer support experience—an essential factor when choosing an exchange. Whether you’re starting out in crypto or engaging in high-stakes day trading, BitMart’s commitment to user satisfaction makes it an excellent choice for today’s traders.

Overall, BitMart combines ease of use, reliability, and valuable trading features, making it a strong contender for anyone’s crypto journey. If you’re ready to start trading, BitMart’s comprehensive platform offers everything you need to succeed in your crypto-journey!

 

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FAQs

Does Bitmart require KYC?

As Bitmart is a serious exchange, the platform requires KYC verification. Users must verify their identity to use their comprehensive service.

 

What are the Bitmart fees?

Bitmart charges 0.1% fees on the spot market for makers and takers. On the futures market, you can enjoy low fees of 0.02% maker and 0.06% taker.

 

Is Bitmart safe?

As of 2023, Bitmart seems to be a secure crypto exchange. While they were hacked in the past, every customer was refunded. Furthermore, Bitmart drastically changes its security measures and now stores most funds in cold wallets.

 

Is Bitmart available in the United States?

Yes, Bitmart operates in the US and also has an MSB license.

 

Where is Bitmart located?

Bitmarts main office is in the Cayman Islands. However, the platform also has offices in the US, China, and South Korea and now serves 180 countries and over 5 million users.