BitMart Review: Secure, User-Friendly Crypto Trading with Low Fees

BitMart supports secure trading in more than 1,500 unique cryptocurrencies. Read to the end to know all about features and trading options that will help you get up and running to earn crypto without a hassle.

What is BitMart?

BitMart is a cryptocurrency exchange that was founded in 2017 and officially launched in 2018. Being in the top 20 exchanges in the world, it lends support to digital asset trading on a secure and reliable platform. It offers services related to spot trading, margin trading, futures trading, and OTC trading.

Round-the-clock customer support, enhanced security measures, and ease of use set BitMart apart. It charges competitive fees with ultra-low latency and really deep liquidity, hence making it a great institution of interest to traders. The cryptocurrency exchange serves over 9 million users in more than 180 countries, exposing them to over 1,500 digital currencies and tokens.

For new traders and investors, BitMart offers a user-friendly buy/sell crypto feature and diverse ways of earning cryptocurrency, such as through staking, lending, and savings services. Advanced traders are currently catered to with spot and futures trading dashboards. Innovation is constant, and the platform continues to add more features and services to draw users who work with cryptocurrencies.

Pros and cons

Pros

• Supports many cryptocurrencies
• No KYC required
• Low trading fees
• Crypto earning products
• Various payment methods
• Advanced trading features
• Diverse NFT platform

Cons

• Higher fees with fiat purchases
• Hacked for $200M in Dec 2021

BitMart features

BitMart is an all-in-one and user-friendly cryptocurrency trading platform. It supports spot trading in over 1,500 cryptocurrencies with ease of deposit through credit/debit cards.Users can magnify their positions through margin trading up to 5x leverage.

For followers of crypt derivatives, BitMart provides future trading with leverage of up to 100x. The platform hosts over 100 pairs of cryptocurrencies, running on fast engines with low trading fees. Users can make money in a passively intelligent way from saving, staking, and double investment product offerings.

Further, BitMart has recently expanded into trading in NFTs, where users are provided to easily discover, buy, and trade premium collections of NFTs. It provides high-speed API endpoints with low latency and WebSocket subscriptions, together with detailed API documentation, for developers and more advanced traders.

This means institutional clients can have professional services in terms of sub-accounts, credit lines, and competitive fees & rebates. In general, assets will be definitely safe with the risk control system and hybrid hot/cold wallet system on the platforms. Moreover, BitMart gives 24h customer support and is easy to use.

How to Register on BitMart

Step 1: Visit the BitMart home site and hit the high Get Started button in the top-right color.

Step 2: Enter your email and validate by inventing a password plus confirming that you’re over 18 years old. Proceed to your inbox, follow the provided email link, and verify your email.

Step 3: Log in with your account—done!

Signing up with BitMart is quite fast and literally takes a few minutes. No KYC verification is required, so one can get into using the exchange right away; it’s very easy.

After registration, be redirected to the main trading page. It is claimed that the interface of BitMart is user-friendly and thus easy to use for any beginner. Altogether, the absence of complicated settings or high-leverage trading options would make it more convenient for use.

How to Buy Cryptocurrency on BitMart Exchange

After successful registration, follow these steps to purchase your first-ever cryptocurrency: Step 1: Click the Buy Coins button in the upper left from the trading dashboard. You will choose the desired way of purchasing.

Step 2: Select P2P Trading or third-party payment. Enter the amount you would like to purchase or sell. The wallet address will be indicated just below. Confirm details and select either credit/debit card or bank transfer to pay.

Step 3: Pass the identity verification procedure (*KYC*), which is standard both for Simplex and most crypto exchanges. Following the directions at each step, the process of purchasing cryptocurrency with BitMart is quite easy. The cryptocurrency you purchased will be in your BitMart wallet within just a few minutes, even if you have no cryptos to transfer in advance.

BitMart fees

• Standard Users
  • BitMart offers a tiered trading fee structure starting at 0.25%.
  • Your fee level depends on the number of BMX tokens you hold; more tokens result in lower fees.
  • Get a 25% discount by paying fees with BMX tokens.
• Professional Users
  • Maker fees of 0.04% and taker fees of 0.06% for traders executing at least 150 BTC monthly.
  • High-volume traders may be entitled to negative trading fees.
  • Professional users do not receive any discount on their fee payment in BMX tokens.
• Futures Trading
  • Maker fees: 0.04%
  • Taker fees: 0.06%
  • No discount in price for payment through BMX tokenisation.

BitMart Customer Service

BitMart cryptocurrency exchange has several ways through which users can seek assistance. It is assured that this live chat feature, attainable by clicking on the icon at the bottom right corner on the homepage, is most prompt in receiving help.

For more complex issues or for times when live chat is not available, support tickets are also welcome. The support team shall pass through these tickets and reverted to at the soonest possible time. Moreover, BitMart has a nicely detailed Help Center where users may refer to answers about common questions, plus other helpful resources.

Conclusion

BitMart is an all-in-one cryptocurrency exchange platform for both new and professional traders. It offers a great variety of supported cryptocurrencies, competitive fees, and diverse features to trade in crypto, hence making it a remarkable competitor among crypto exchanges. Though it has higher fees on fiat purchases and security incidents in the past, it innovates and offers good customer support, setting BitMart at the top and making it one of the favorites for cryptocurrency lovers. Want to buy, sell, trade, or earn from cryptocurrency? BitMart has the tools and resources to meet all your needs.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.