- Buy, trade, and hold 1500+ crypto instantly
- Frequently organize events and promotions
- Offers a simple buy/sell crypto option
- Subject to a large-scale hack in 2021
- Customer support response is somewhat slow
Overview
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Release Date:2017
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Our Founder:Sheldon Xia
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Official website:https://www.bitmart.com/
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Security features:2FA, SMS, Mail
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Customer Support:24/7
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Payment Channels:Crypto, Credit/Debit Cards, Peer-to-Peer (P2P)
BitMart
Introduction to Bitmart
Bitmart is a globally integrated digital asset trading platform that provides a secure and convenient space for cryptocurrency enthusiasts to buy, sell, and trade a diverse range of digital currencies. With its user-friendly interface, advanced trading tools, and a commitment to security, Bitmart has positioned itself as a go-to platform for both novice and experienced traders.
History of Bitmart
Founded in 2017, Bitmart quickly rose to prominence in the cryptocurrency world. Its inception was driven by the vision to create a universal platform for the global digital economy. Starting with a handful of supported cryptocurrencies, Bitmart expanded its offerings over the years, integrating numerous tokens and coins into its platform. The company’s growth can be attributed to its continuous innovation, strategic global partnerships, and a keen understanding of the evolving needs of its user base. Over the years, Bitmart has expanded its global footprint, establishing offices in multiple countries and serving a vast international clientele.
Awards and Rankings
Bitmart’s dedication to excellence has not gone unnoticed. The platform has received numerous accolades and awards from prestigious institutions in the fintech sector. Some of its notable achievements include:
- Top 10 Cryptocurrency Exchange by Trading Volume: Bitmart consistently ranks among the top 10 exchanges globally in terms of trading volume, showcasing its popularity and trustworthiness in the crypto community.
- Best User Experience Award: Recognizing its intuitive interface and seamless trading experience, Bitmart was awarded the Best User Experience accolade in 2019 by the Global Fintech Association.
- Most Innovative Exchange: In 2020, Bitmart was honored with the Most Innovative Exchange award, highlighting its continuous efforts to bring cutting-edge features and tools to its users.
Bitmart Pros & Cons
Bitmart, as one of the leading digital asset trading platforms, has garnered attention from both novice and experienced traders worldwide. Like any platform, it has its strengths and areas for improvement. Here’s a breakdown of the pros and cons of using Bitmart:
Pros:
- Wide Range of Cryptocurrencies: Bitmart offers a vast selection of digital currencies, allowing traders to diversify their portfolios and explore various investment opportunities.
- User-Friendly Interface: The platform boasts an intuitive design, making it easy for users to navigate, execute trades, and manage their assets.
- Advanced Trading Tools: Bitmart provides a suite of advanced trading tools and charts, catering to both beginner and professional traders.
- Global Presence: With offices in multiple countries, Bitmart has a strong global footprint, ensuring a broad user base and diverse trading environment.
- Robust Security Measures: Bitmart prioritizes the safety of its users’ assets, employing state-of-the-art security protocols and encryption methods.
- Liquidity: High trading volumes on Bitmart ensure that users can execute trades swiftly and at favorable rates.
Cons:
- Customer Support Delays: Some users have reported delays in receiving responses from Bitmart’s customer support team.
- Withdrawal Issues: On occasion, users have faced challenges or delays when attempting to withdraw their assets.
- Limited Fiat Options: While Bitmart supports a plethora of cryptocurrencies, it has limited options for fiat currency trading and deposits.
- Complex Fee Structure: Some users find Bitmart’s fee structure to be a bit complicated, especially when compared to other exchanges.
- Regulatory Concerns: As with many cryptocurrency exchanges, Bitmart faces regulatory challenges in certain jurisdictions, which can impact its operations and offerings.
The transaction fee for Bingx
Spot Trading Fees
- Maker/Taker Fees for standard users start at 0.25% and can go as low as 0.06% based on the number of BMX tokens held by the user. The detailed fee structure for standard users is:
| Network | Hold BMX tokens | Maker/Taker |
| Level 1 | BMX ≥ 0 | 0.25%/0.25% |
| Level 2 | BMX ≥ 500 | 0.20%/0.20% |
| Level 3 | BMX ≥ 2,000 | 0.18%/0.20% |
| Level 4 | BMX ≥ 10,000 | 0.16%/0.18% |
| Level 5 | BMX ≥ 50,000 | 0.14%/0.16% |
| Level 6 | BMX ≥ 100,000 | 0.12%/0.14% |
| Level 7 | BMX ≥ 200,000 | 0.10%/0.12% |
| Level 8 | BMX ≥ 500,000 | 0.08%/0.10% |
| Level 9 | BMX ≥ 1,000,000 | 0.06%/0.08% |
- For professional users who trade at least 150 BTC per month, the fees are:
| Network | Hold BTC tokens | Maker/Taker |
| Pro1 | BTC ≥ 150 | 0.04%/0.06% |
| Pro2 | BTC ≥ 500 | 0.02%/0.06% |
| Pro3 | BTC ≥ 2,000 | 0.00%/0.04% |
| Pro4 | BTC ≥ 5,000 | 0.001%/0.04% (negative trading fees) |
| Pro5 | BTC ≥ 10,000 | 0.005%/0.02% |
| Pro6 | BTC ≥ 40,000 | 0.01%/0.02% |
Futures Trading Fees
- Maker fees: 0.04%
- Taker fees: 0.06%
Bitmart does not charge deposit fees. However, withdrawal fees vary depending on the type of cryptocurrency.
It’s worth noting that standard users can get a 25% discount on trading fees when paying them with BMX tokens. However, this discount is not available for professional users.
