Summary
BitMart is one of the best-digitalized asset trading platforms that has a user-friendly interface for both skilled traders and beginners
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Reputation
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Customer Support
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Fees
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App Design
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Ease of Use
BitMart is a leading digital asset exchange founded in 2017 having headquarters in the Cayman Islands. The platform rank as #34 with an average 24-hour trading volume of £ 1,636,112,348 GBP, 123 markets, and 300 pairs are ready to trade in USD, EUR, and CAD across the globe. The platform supports more than 200 cryptocurrencies.
To ensure the system’s reliability, security, and scalability, the BitMart trading platform has used an innovative multi-layer and multi-cluster system design. BitMart offers services in English, Mandarin, Japanese, and Vietnamese. The platform offers a user-friendly interface to its users and the mobile application is supported by iOS and Android.
The BitMart platform offers spot trading, futures trading, OTC trading, and Fiat gateway at one stop. Individual asset types are used for future contract trading. However, for people and organizations, there is an intermediate service platform for C2C and B2B trading modes, allowing users to conduct transactions that span multiple platforms with a single click.
The site also provides “perpetual swaps,” a type of derivative similar to standard futures contracts that may give high leverage. Staking is also available at the platform and by pledging coins users get high staking rewards.
BitMart claims to be “100% safe for trading and virtual asset management” because it uses a hybrid hot and cold wallet system and multi-signature technology. BitMart also provides security measures such as IP address detection and monitoring.
BitMart provides a tiered fee system in which users with larger trading volumes (evaluated on BTC over 30 days) pay lower fees. Default fees for price makers and takers begin at 0.25 %. Fees are reduced for BMX token holders who utilize the token to cover trading fees. Deposits are free, however, withdrawal fees vary depending on the coin and are updated regularly in accordance with their specific Blockchain network fees. The users can make withdrawals and deposits in EUR, USD, and CAD.
Pros
- Large selection of crypto altcoins
- Futures trading available
- Standard and advanced trading platforms
- Discounts on trading fees are available
- Fast to list new small-cap coins
Cons
- Issues and possible unavailability for residents of New York state
- Many customer complaints about losing access to funds
- Subject to large scale hack in 2021
- No educational resources
BitMart Details
Devices Compatability:
- Desktop
- Android
- Smart TV
- iOS
- Tablet
Currencies: EUR, USD, CAD, BTC, BCH, ETH, XRP, LTC
Deposit Methods: Bank transfers, Gift card, Western Union, MoneyGram, Bank of American, Wells Fargo, SEPA, PayPal, Alipay, WeChat, Skrill, NetSpend, PerfetcMoney, VISA, MasterCard, AmEx debit cards, other Credit cards
Withdrawal Methods: Crypto wallet, Bank transfers, Credit Cards
Withdrawal Limits: 150BTC/day
Restricted Countries: Afghanistan, China, Congo, Cuba, Democratic People’s Republic of Korea, Eritrea, Iran, Iraq, Ivory Coast, Kyrgyzstan, Lebanon, Libya, South Sudan, and Sudan.
Final Thoughts
BitMart is a leading crypto trading platform founded in 2017. The BitMart trading platform has used an innovative multi-layer and multi-cluster system design to ensure the system’s reliability, security, and scalability. The platform offers spot trading, futures trading, OTC trading, and Fiat gateway at one stop. After a major hack in 2021, the platform updated its security features and now it claims to be 100% secure. Don’t miss out on the opportunity to trade through the BitMart platform and earn a good profit.