What is BitMart?
BitMart is a centralized crypto exchange where traders can buy, sell, and trade hundreds of cryptocurrency types and digital assets.
Who is BitMart For?
BitMart is ideal for moderate to advanced traders and those interested in working with less popular currencies. The wide range of coins and futures with leverage appeal to those who know what they’re looking for and want to trade crypto for a reasonable price. The site is available in 180 countries worldwide.
This crypto exchange also offers tools like an OTC trading desk for institutional investors for more alternatives to fulfill transactions. But they do more than offer another place for users to trade crypto.
While the platform may not be ideal for beginners to buy crypto, it offers futures, advanced charting, and multiple order types to satisfy seasoned traders of every variety.
BitMart Company Information
BitMart was founded by Sheldon Xia in 2017 and is ranked in the top 20 exchanges in the world. Its headquarters is located in the Cayman Islands. This relatively new platform quickly made a name for itself by being a high-volume exchange.
What Makes BitMart Unique?
There are a few features that make this crypto exchange unique in the industry. Users spanning 180 countries can stake and lend crypto to earn interest and crypto rewards. They also have access to an extensive range of low market cap altcoins. But you can do more than trade crypto because they offer an OTC trading desk for institutional investors.
Deposits and Withdrawals
This crypto exchange offers deposits for free and low fees for trading. Regular trades are 0.25% per trade for most users. This is the average rate for most exchanges. On the other hand, users who sell or buy crypto with a credit or debit card will have a more significant fee to pay for doing business through third-party partners.
Fees
Trading fees are based on a maker-taker model with discounts available for high-volume traders and those who have a BMX token. Users considered makers and takers are charged different fees.
BitMart Reviews and Reputation
This platform is known for its many options for buying crypto. It’s not recommended for beginners because of the intricate interface design and an overwhelming number of options for anyone unsure of where to begin. However, with 24/7 customer support, users can find the help they need.
Final Verdict
BitMart is a satisfying option for advanced traders interested in accessing hundreds of cryptocurrencies with low fees and leverage options. What sets them apart is their listing of small crypto projects and the ability to lend or stake crypto earnings for interest. They appeal to many users because of their selection of lesser-known crypto options.
Sign up with BitMart today and start trading on your terms.
FAQ
Is BitMart Safe to Use or a Scam?
The crypto exchange is safe to use.
What Can I Trade On BitMart?
Users who want to trade crypto can choose from hundreds of popular offerings, including Bitcoin, Ethereum, Cardano, and Dogecoin. There are also many lesser-known currencies like Sandbox and Audius, futures, and much more.
How Do I Open An Account With BitMart?
Users can open an account using a phone or email address to signup via the desktop or mobile site. All customers can buy crypto, deposit funds, and track the market immediately after verifying their account.
Do I Pay Tax On BitMart?
All earnings are subject to local tax laws.
How Much is the BitMart Minimum Deposit?
There is no minimum deposit required for this platform.