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7.08/10
TU Overall Score
The purpose of creating the TU Overall Score is to make the search for secure and reliable brokerage companies easier for the visitors of our website. We believe that it is a very important mission as, unfortunately, not every company in the financial industry is worthy of trust.

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
Minimum deposit:
  • $1
Trading platform:
  • Proprietary platform
Trading features
  • All popular cryptocurrencies, no fiat money, convenient investment in cryptocurrency loans, a two-level referral program, all deposit/withdrawal options
657
users picked this broker in 3 months
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Our Evaluation of BitMart

7.08/10
TU Overall Score
The purpose of creating the TU Overall Score is to make the search for secure and reliable brokerage companies easier for the visitors of our website. We believe that it is a very important mission as, unfortunately, not every company in the financial industry is worthy of trust.

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
Traders Union icon

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.

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Advantages of trading with BitMart:
  • 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.
Disadvantages of BitMart:
  • no demo accounts;
  • no fiat currencies;
  • technical support doesn’t have a call center.

TU Expert Advice

Anton Kharitonov

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.

Trade with this broker, if:
  • 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.
Do not trade with this broker, if:
  • 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

User Satisfaction i

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nomiasif
14 weeks ago

I've been trading with BitMart for a year now, and the experience is generally balanced. One nuance that needs to be taken into account immediately is the lack of fiat currency support. All transactions are carried out exclusively in crypto-currencies, which can be awkward for those used to working with dollars or euros. I was a bit skeptical myself at first, but I got used to it over time, especially considering how stable everything works. The good thing is that, in addition to classic cash transactions, urgent transactions are also possible. This expands the possibilities, especially if you want to trade more flexibly and use different strategies. I sometimes combine the two types of transaction depending on the market situation, and so far, this approach has been justified.

J'échange avec BitMart depuis un an maintenant, et l'expérience est généralement équilibrée. L'une des nuances dont il faut immédiatement tenir compte est l'absence de support pour les monnaies fiduciaires. Toutes les transactions sont effectuées exclusivement en crypto-monnaies, ce qui peut être gênant pour ceux qui ont l'habitude de travailler avec des dollars ou des euros. J'étais moi-même un peu sceptique au début, mais je m'y suis habitué avec le temps, surtout si l'on tient compte du fait que tout fonctionne de manière stable.
Ce qui est bien, c'est qu'en plus des transactions classiques en espèces, les transactions urgentes sont également possibles. Cela élargit les possibilités, surtout si l'on veut négocier avec plus de souplesse et utiliser différentes stratégies. Il m'arrive de combiner les deux types de transactions en fonction de la situation du marché, et jusqu'à présent, cette approche se justifie.

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HaoCo
20 weeks ago

I've been trading on bitmart for a few weeks now, and the first thing I've appreciated is the very wide selection of crypto-currencies and tokens. There are both top coins and many lesser-known projects that are interesting to experiment with. For those who like variety and aren't limited to BTC or ETH, this is a big plus. However, there was one moment that annoyed me a little: there's no demo account here. I would have liked to practice first, especially on a new platform, without risking money. I had to start with minimal amounts just to get used to the interface and test how orders work. If you already have some experience of crypto-currencies and know how trading works, the platform is suitable. But for beginners, the lack of a demo can be a drawback at first.

J'échange sur bitmart depuis quelques semaines maintenant, et la première chose que j'ai appréciée, c'est la très large sélection de crypto-monnaies et de jetons. Il y a à la fois des pièces de premier plan et de nombreux projets moins connus qui sont intéressants à expérimenter. Pour ceux qui aiment la variété et ne sont pas limités au BTC ou à l'ETH, c'est un gros avantage.
Cependant, il y a un moment qui m'a un peu contrarié : il n'y a pas de compte de démonstration ici. J'aurais aimé m'entraîner d'abord, surtout sur une nouvelle plateforme, sans risquer de l'argent. J'ai dû commencer avec des montants minimes juste pour m'habituer à l'interface et tester le fonctionnement des ordres.
Si vous avez déjà une certaine expérience des crypto-monnaies et que vous savez comment fonctionne le trading, la plateforme est adaptée. Mais pour les débutants, l'absence de démo peut être un inconvénient au départ.

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richclarice
21 weeks ago

I've tried trading futures on the Bit Mart platform - in general, the experience hasn't been bad. Among the advantages, I'd like to mention the possibility of using leverage up to x100. For those who trade actively and are confident in their strategy, this can give good growth potential. But, of course, with such high leverage, it's important to understand the risks - it's not for everyone. Among the negative points is the absence of a support call center. You can only get in touch via chat or e-mail. Sometimes that's enough, but in emergency situations, I'd like to be able to call and resolve the problem quickly. In general, the platform will suit those who trade futures and are looking for flexible leverage. As far as service is concerned, there's room for growth.

J'ai essayé de négocier des contrats à terme sur la plateforme Bit Mart - en général, l'expérience n'a pas été mauvaise. Parmi les avantages, j'aimerais mentionner la possibilité d'utiliser un effet de levier jusqu'à x100. Pour ceux qui négocient activement et qui sont confiants dans leur stratégie, cela peut donner un bon potentiel de croissance. Mais, bien sûr, avec un tel effet de levier, il est important de comprendre les risques - cela ne convient pas à tout le monde.
Parmi les points négatifs, l'absence d'un centre d'appel d'assistance. Vous ne pouvez entrer en contact qu'au moyen d'un chat ou d'un courrier électronique. Parfois, cela suffit, mais dans les situations d'urgence, j'aimerais pouvoir appeler et résoudre rapidement le problème.
En général, la plateforme conviendra à ceux qui négocient des contrats à terme et qui recherchent un effet de levier flexible. En ce qui concerne le service, il y a de la place pour la croissance.

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cutie
1 year ago

I have been actively using the BitMart platform for a few months now, and I would like to point out its advantages. One of the main reasons why I chose BitMart is the possibility of not only spot trading, but also futures trading. This allows me the flexibility to manage my portfolio and use different strategies to maximize my profits.
Particularly impressive is the ability to trade futures with leverage up to x100. This provides traders with additional opportunities to maximize their returns, although it does require caution and a good understanding of the market. BitMart offers advanced tools and features for those looking to get the most out of their trading, and this makes the platform one of the best of its kind.

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amit9884924946
1 year ago

BitMart is a great platform not only for active trading, but also for generating passive income. Here you have the opportunity to invest in loans, which allows you to earn without practically participating in the trading process. This is especially attractive for those who are looking for stable and reliable ways to increase their capital.
I would also like to point out that BitMart has several variants of the trading terminal. This allows each user to choose the interface and tools that are most convenient for them. Regardless of experience level, everyone will find something suitable. The variety of trading terminals makes working on the platform comfortable and productive, which together with the possibility of passive income makes BitMart an excellent choice for investors and traders.

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skytesoft
1 year ago

BitMart offers virtual cryptocurrency trading. This is noticeable right away when you try to open orders. You set the price higher, the trading bot sets the price lower. And so on. Trading bots are the real “clients” of BitMart. They increase volumes and help drain client deposits.

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tos4christ
1 year ago

I got into trouble - my access to my BitMart account was blocked, and my funds were used without my consent. All my money was lost in losing trades. When I was able to log into my user account, I discovered that there was no money left in the account. The broker did not explain its actions in any way. Everything indicates that BitMart is a scam!

Score:
Our evaluation encompasses several key factors, including government regulation, two-factor authentication (2FA), cold wallet storage of client assets, investor protection funds, KYC protocol adherence, year of foundation, and history of security breaches. Read more in our Methodology
4.5/10

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.

Advantages of BitMart
  • Cold wallet storage
  • 2FA
Disadvantages of BitMart
  • 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.

Score:
This category evaluates trading costs and the transparency of deposit and withdrawal charges according to the Methodology. It covers spot and futures trading fees, P2P exchange costs, deposit/withdrawal fees, and tiered fee structures. The assessment ensures that fees are competitive and clearly disclosed, avoiding hidden or excessive costs. Each factor is scored based on defined criteria, contributing to the overall rating.
6.4/10

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.

Advantages
  • Futures fees below industry average
  • Spot fee below industry average
  • No deposit fee
Disadvantages
  • 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

BitMart Binance Bybit
P2P maker fee (%) 0,1 0,1 0
P2P taker fee (%) 0,1 0,1 0
Score:
We evaluated the deposit and withdrawal experience, considering several key factors such as the range of available methods, transaction processing speed, minimum deposit requirements, and associated fees. Read more in our Methodology.
6.5/10

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.

Advantages
  • Bank transfers for deposits and withdrawals
  • No deposit fees
  • Many cryptocurrencies for deposits and withdrawals
  • Bank cards accepted for instant deposits
Disadvantages
  • 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:

Score:
9.5/10

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.

Advantages
  • Fiat currencies supported
  • Crypto copy trading available
  • Yield farming available
Disadvantages
  • 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.

BitMart OKX Kraken
Staking Yes Yes Yes
Yield farming Yes Yes Yes
Copy trading Yes Yes Yes
Score:
This section evaluates the quality and variety of trading platforms offered by the broker. It considers supported platforms, core features, device compatibility, and the availability of tools for automation, analysis, and different trading styles.
7.8/10

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.

Advantages
  • Advanced tools and automation with API
  • Strategy sharing with Copy Trading
  • Advanced charting with TradingView support
  • Mobile indicators allowed
Disadvantages
  • 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

14.08.2024
Mirjan Hipolito
BitMart announces delisting of 30 tokens amid ongoing market changes
​BitMart, a globally recognized cryptocurrency exchange, has announced its decision to delist 30 digital assets as part of its ongoing efforts to
06.08.2024
Mirjan Hipolito
BitMart to delist USTC/USDT isolated margin pairs
Crypto exchange BitMart has announced it will delist the USTC/USDT isolated margin trading pair, ceasing all related offerings by August 7, 2024. This step
12.07.2024
Mirjan Hipolito
BitMart supports RNDR to RENDER token migration
​BitMart has announced it will support the migration of Render Token (RNDR) to the new Render Token (RENDER), providing seamless token swap services for

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