BitMart is a global cryptocurrency exchange, offering a wide range of trading options, including spot and futures trading. Known for its user-friendly interface and low trading fees, BitMart also provides various financial products like staking and lending to enhance user engagement.
What is BitMart?
BitMart is a prominent centralized exchange catering to over 9 million users globally. It facilitates crypto asset trading and investment services, boasting features like staking, lending, savings, derivatives, and an NFT marketplace. With a commitment to security, stability, and scalability, BitMart employs an advanced multi-layer and multi-cluster system architecture.
Founders of BitMart:
Founded by Sheldon Xia, a Computer Science major from the Stevens Institute of Technology, BitMart's CEO brings expertise in the Financial Software industry. Prior to BitMart, Xia initiated projects such as The SVIEF and Women4Blockchain.
Launch Date:
BitMart was established in 2017 and opened its doors to the public in March 2018.
Location:
Headquartered in the Cayman Islands, BitMart operates globally with offices in China, South Korea, and the United States. It is officially registered as a Money Services Business (MSB) in the U.S.
Restricted Countries:
BitMart offers real-time trading services in over 180 countries, excluding certain states in the U.S. and countries like Afghanistan, China, Iran, Japan, and others.
Supported Coins:
With a vast selection of over 1000 crypto assets and 700+ trading pairs, BitMart includes popular coins like BTC, ETH, AVAX, BNB, DOGE, LTC, SAND, SHIB, SOL, and more. Users can purchase cryptocurrencies using credit/debit cards, bank/wire transfers, or Apple Pay.
Fee Structure:
BitMart operates on a tiered fee structure following the Maker-Taker model, starting at 0.25%. Fees are determined by the trading volume over 30 days and BMX balance. Futures trading has competitive fees with Maker at 0.04% and Taker at 0.06%. While there are no deposit fees, withdrawal fees vary by coin.
Leverage and Margin Trading:
BitMart supports margin trading, allowing traders in the futures market to exchange assets with margin multipliers ranging from 5 to 100. The Futures Trading feature was officially launched in 2020.
What are the trading fees on BitMart?
BitMart operates on a tiered fee structure following the Maker-Taker model, starting at 0.25%. Fees are determined by the trading volume over 30 days and BMX balance. Futures trading has competitive fees with Maker at 0.04% and Taker at 0.06%. While there are no deposit fees, withdrawal fees vary by coin.
Does BitMart offer leverage trading?
BitMart supports margin trading, allowing traders in the futures market to exchange assets with margin multipliers ranging from 5 to 100. The Futures Trading feature was officially launched in 2020.
Is BitMart safe?
While many major CEXes boast stronger firewalls than most governments, history has witnessed numerous instances where exchanges have fallen victim to hacks, resulting in the loss of customer funds. DEXes are generally safer option as you have control over your funds at all times as long as blockchain is up and running. Its all based off contract code so you can clearly look whats behind the scenes, and how their contracts work.
Does have customer support?
Almost all exchanges provide customer support, but the quality, speed and continuity of this service varies from time to time depending on the budget conditions of the companies. We recommend that you experience the support service provided by the stock exchange by asking a question to the support section on its website.
