According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $1
- Proprietary platform
- All popular cryptocurrencies, no fiat money, convenient investment in cryptocurrency loans, a two-level referral program, all deposit/withdrawal options
Our Evaluation of BitMart
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
BitMart is a reliable cryptocurrency exchange with the TU Overall Score of 7.08 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by BitMart clients on our website, Traders Union expert Anton Kharitonov believes he can recommend this company as the majority of reviews showed that the broker’s clients are mostly satisfied with the company.
BitMart provides a full range of opportunities for comfortable trading. They have a convenient terminal, mobile applications, and large leverages. They also provide a wide selection of cryptocurrencies and low commissions. The simplified version of the terminal lowers the entry threshold for novice traders, and solutions for passive earnings attract investors. The platform is known for its high level of information security.
Brief Look at BitMart
The BitMart exchange is an international cryptocurrency trading platform. It has Bitcoin, Ethereum, Litecoin, Ripple, Dash, EOS, HEX, as well as dozens of other cryptocurrencies and tokens, and the pool of instruments is constantly being expanded. There are no fiat currencies on the exchange. They offer two interfaces: simplified and advanced for spot trading. The first will be the most interesting for beginners; the second one is for experienced users. There is futures trading with leverage up to x100. Users can invest cryptocurrency in a loan service, passively earning up to 60% per annum. The platform has a standard referral program. In addition to the TradingView web terminal, there is a mobile application for comfortable crypto trading. Commissions are below the market average, and they can be further reduced by keeping the platform’s proprietary token called the BMX.
We've identified your country as
US
We have thoroughly analyzed all companies legally providing trading services in your country and created a ranking of the best ones. Our analysis highlights companies that offer optimal working conditions, uphold a strong reputation, and consistently receive the highest number of positive reviews from traders on our website.
Explore the 5 top-rated companies in
US :
- a large selection of cryptocurrencies and tokens for trading;
- in addition to spot trading, there is futures trading;
- futures trading is possible with leverage up to x100;
- passive income through investing in loans;
- several variants of the trading terminal;
- easy-to-use smartphone application;
- commission of 0.25% at the first trading level;
- 2FA authentication and extended API key authorizations;
- all popular options for deposit and withdrawal of funds, including MC and Visa cards.
- no demo accounts;
- no fiat currencies;
- technical support doesn’t have a call center.
TU Expert Advice
Financial expert and analyst at Traders Union
The BitMart exchange was founded in 2018 in the Cayman Islands. It is officially licensed. It offers a standard TradingView terminal for trading cryptocurrencies and tokens. There is also a mobile crypto trading application. All versions of the terminal are optimized, and they work stably on most systems. We didn’t find any failures or errors during testing.
The exchange is characterized by high trading volumes, as well as a high level of protection of user data and funds. Cryptocurrencies are stored in cold wallets. In addition to standard registration, there is AML verification (not required for trading). Among the advantages of the platform worth noting is a simplified terminal for beginners, as well as the opportunity to passively earn on deposits using the lending service.
Their commissions are below the market average and they can be further reduced due to rebates from Traders Union and keeping the platform’s own coin on your account. There is a profitable referral program with payments of up to 30% of referral commissions. In general, the platform is considered to be functional and convenient, and it provides all the opportunities for active and passive earnings.
- You're interested in crypto staking and savings opportunities, as BitMart enables users to earn interest through staking certain cryptocurrencies, providing a passive income stream. Additionally, their savings program offers interest on other digital assets, enhancing your ability to grow your holdings over time.
- You're involved in the non-fungible token (NFT) space. BitMart NFT provides a platform for buying and trading unique digital collectibles, catering to users interested in exploring and investing in the burgeoning NFT market.
- You require access to demo accounts for practice trading. BitMart does not offer demo accounts, which may be a drawback for users who prefer to test trading strategies or familiarize themselves with the platform's features before committing real funds.
BitMart Summary
Your capital is at risk. Cryptocurrency trading can be extremely risky. Cryptocurrency trading can lead to large and immediate financial losses. The volatility and unpredictability of the price of cryptocurrency relative to fiat currency may result in significant loss over a short period of time. Transactions in cryptocurrency may be irreversible, and, accordingly, losses due to fraudulent or accidental transactions may not be recoverable. The nature of cryptocurrency may lead to an increased risk of fraud or cyber attack.
💻 Trading platform: | proprietary platform based on TradingView |
---|---|
📊 Accounts: | Standard |
💰 Account currency: | Cryptocurrencies Bitcoin, Ethereum, Litecoin, Ripple, Dash, etc. |
💵 Deposit / Withdrawal: | Bank cards, electronic accounts, and cryptocurrency wallets |
🚀 Minimum deposit: | $1 |
⚖️ Leverage: | up to 1:100 (futures) |
💼 PAMM-accounts: | No |
📈️ Min Order: | from 0 |
💱 Commission: |
Spot: 0,15%-0,25% Futures: 0,02%-0,04% |
🔧 Instruments: | 1027 supported coins, Futures, Perpetual contracts, Fiat, NFT. |
💹 Margin Call / Stop Out: | No |
🏛 Liquidity provider: | No |
📱 Mobile trading: | Yes |
➕ Affiliate program: | Yes |
📋 Order execution: | N/A |
⭐ Trading features: | All popular cryptocurrencies, no fiat money, convenient investment in cryptocurrency loans, a two-level referral program, all deposit/withdrawal options |
🎁 Contests and bonuses: | N/A |
BitMart does not set minimum deposit limits. You decide how much money to deposit to start trading. Registration is free, in the future you do not need to pay for the maintenance of your multicurrency account. Leverage is not provided for spot trading, but for futures trading it is x100. Technical support is provided by email only. Specialists reply within three working days (usually within 24 hours). The table below shows the main trading conditions.
BitMart Key Parameters Evaluation
Video Review of BitMart
Share your experience
- Best
- Last
- Oldest
Regulation and safety
BitMart received a score of 4.5/10, indicating a low level of security and regulatory compliance. This suggests that the platform may lack essential protections, and users should exercise extreme caution.
- Cold wallet storage
- 2FA
- Not tier-1 regulated
- No facial recognition
BitMart Security Factors
We also compared BitMart against the top two competitors with the highest scores in our overall ranking based on the most critical security indicators.
BitMart | OKX | Kraken | |
Tier-1 regulation | No | No | Yes |
Government-regulated | No | Yes | Yes |
Investor protection fund | No | Yes | No |
2FA | Yes | Yes | Yes |
Facial recognition | No | Yes | No |
Cold wallet storage | Yes | Yes | Yes |
Successful hacker attacks | Yes | No | No |
Is BitMart a regulated crypto exchange?
BitMart is not currently regulated by any government authority, which is still a common occurrence in the cryptocurrency industry. While this doesn't automatically mean BitMart is unreliable, government-regulated exchanges are generally considered more reliable due to the added oversight and client protection they offer.
Is verification (KYC) mandatory at BitMart?
Yes, KYC verification is mandatory at BitMart. You will need to complete the verification process before you can open an account and access the platform's full range of services.
In which countries is BitMart available?
BitMart complies with international sanctions and regional restrictions. Services are limited or unavailable in the following countries: Pakistan, Philippines, UAE, Iran, Islamic republic, Turkey, Uganda, Morocco, Bahrain, Palestine, Jordan, Iraq, Qatar, Kuwait, Lebanon, Libyan Arab Jamahiriya, Oman, Syrian Arab Republic, Tunisia, Yemen, Botswana, Tanzania, United Republic Of, Zimbabwe, Namibia, Ethiopia, Jamaica, Zambia, Hong Kong, Afghanistan, Trinidad and Tobago, Brunei, Nepal, Serbia, Somalia, Cameroon, Rwanda, Slovenia, Eswatini, Croatia, Mongolia, Burma, Montenegro, Cambodia, Taiwan, Mozambique, Madagascar, Dominican Republic, Albania, Mauritius, Puerto Rico, Cote d'Ivoire, Laos, Macedonia, Papua New Guinea, Costa Rica, Luxembourg, Malta, Ecuador, Bahamas, Haiti. For the most up-to-date information on regional availability, please contact BitMart support.
Is BitMart available in the USA?
Yes, BitMart is available in the USA. However, availability may vary by state due to local regulations. We recommend checking the official website or contacting support for up-to-date information specific to your location.
BitMart commissions and fees
BitMart received a 6.4/10 score for its trading fees. While BitMart is not the cheapest crypto exchange, the fees remain reasonable and competitive within the market.
- Futures fees below industry average
- Spot fee below industry average
- No deposit fee
- Withdrawal fee may be applied
- P2P fee applied
What are BitMart trading fees?
We analyzed BitMart’s crypto fees and compared them to the top two competitors, both of which hold high average positions in our rankings. To establish a comprehensive benchmark, we also calculated the average fee score based on an evaluation of over 100 cryptocurrency exchanges.
BitMart trading fees vs competitors
BitMart | Binance | Bybit | Industry average | |
Spot, maker fee (%) | 0,15 | 0,1 | 0,1 | 0.15 |
Spot, taker fee (%) | 0,25 | 0,1 | 0,1 | 0.194 |
Futures, maker fee(%) | 0,02 | 0,02 | 0,02 | 0.024 |
Futures, taker fee(%) | 0,04 | 0,05 | 0,055 | 0.053 |
What are BitMart deposit and withdrawal fees?
Deposit fee, % | 0 |
Withdrawal fee, % | 0,0005 BTC 0,005 ETH 1 USDT |
Does BitMart offer P2P trading?
Yes, BitMart offers a P2P trading platform. We have provided the fees for these transactions and compared them with competitors.BitMart P2P Fees
Deposit and withdrawal
BitMart received a 6.5/10 rating for its deposit and withdrawal services. While BitMart covers basic payment options, the platform lacks some widely used methods that could improve user flexibility.
- Bank transfers for deposits and withdrawals
- No deposit fees
- Many cryptocurrencies for deposits and withdrawals
- Bank cards accepted for instant deposits
- No Google Pay option
- No PayPal option
- Withdrawal fee applies
Deposit and withdrawal options
BitMart supports the following deposit and withdrawal options: Bank transfers, Bank card, Crypto.
BitMart Deposit and withdrawal options vs competitors
BitMart | OKX | Kraken | |
Bank transfers | Yes | No | Yes |
Bank card | Yes | Yes | Yes |
Crypto | Yes | Yes | Yes |
PayPal | No | No | Yes |
What is BitMart minimum deposit?
The minimum deposit at BitMart is 1 USD/USDT or 0,0001 BTC. The minimum trade size is 1 USD/USDT, which also serves as the minimum amount required to start trading on the platform.
BitMart minimum deposit vs competitors
BitMart | OKX | Kraken | |
Minimum deposit, USD or USDT | 1 | 10 | 10 |
Minimum deposit, BTC | 0,0001 | 0,0005 | 0,0001 |
Minimum trade amount, USD/USDT | 1 | 0,00001 | 1 |
Does BitMart support fiat money?
BitMart supports fiat currency trading and account funding. The following fiat currencies are accepted:
Supported coins & markets
BitMart received a score of 9.5/10 in this category, highlighting its excellent selection of tradable assets and market access. BitMart supports 1027 coins and caters to various trading types, making it a strong choice for both active traders and long-term investors.
- Fiat currencies supported
- Crypto copy trading available
- Yield farming available
- Crypto options not available
BitMart supported coins and markets vs competitors
We compared BitMart with leading exchanges in terms of supported coins, NFT access, and derivatives like futures and options to help users assess the platform’s product range and trading flexibility.
BitMart | OKX | Kraken | |
Supported coins | 1027 | 329 | 278 |
Futures/Perpetual contracts | Yes | Yes | Yes |
Options | No | Yes | No |
NFTs | Yes | Yes | Yes |
BitMart passive income options vs competitors
We also compared BitMart with top competitors in terms of passive income opportunities such as staking, farming, and copy trading, to help users evaluate the platform’s earning potential beyond regular trading.
Trading apps & tools
BitMart received a score of 7.8/10 for offering a solid set of tools. The apps are intuitive and reliable, though certain advanced features remain limited or could benefit from further development.
- Advanced tools and automation with API
- Strategy sharing with Copy Trading
- Advanced charting with TradingView support
- Mobile indicators allowed
- No Face ID
- No standalone desktop access
- Advanced orders not available
Trading apps
BitMart provides web and mobile apps for both Android and iOS users, with an average rating of 2,8 on the App Store and 3,8 on Google Play. Our review focused on core features important to traders, particularly trading functionality and security tools, to evaluate how convenient and safe the BitMart platform is for mobile use.
BitMart | Bybit | |
2FA | Yes | Yes |
Face ID | No | Yes |
Mob Indicators | Yes | Yes |
Alerts | Yes | Yes |
Advanced Orders | Yes | Yes |
Trading with bots | No | Yes |
API | Yes | Yes |
Extra trading platforms | No | MT4 |
Does BitMart offer a desktop app?
No, BitMart does not currently offer a desktop app. However, users can access the platform via its web version, which provides more comprehensive functionality compared to the mobile apps.
Does BitMart offer advanced charting with TradingView integration?
Yes, BitMart offers advanced charting through direct integration with TradingView. Users can access TradingView’s full suite of indicators, drawing tools, and multi-timeframe analysis directly on the platform.
Contacts
Foundation date | 2017 |
---|---|
Registration address | Grand Cayman, Midland, Cayman Islands |
Official site | https://www.bitmart.com/ |
Contacts |
Latest BitMart News
Articles that may help you
Check out our reviews of other companies as well
User Satisfaction i