BitMart Review: What is It?

BitMart is a global cryptocurrency trading platform. It launched in 2017 and is based in the Cayman Islands.

BitMart is a global cryptocurrency trading platform that launched in 2017 and is based in the Cayman Islands with offices in the US, China, and South Korea. The exchange services over 9 million customers in 180+ countries and allows trading in 1,700+ cryptocurrencies, including Bitcoin, Ethereum, and Tether. It offers real-time trading services, including spot, futures, and margin trading, with over 1,700 trade pairs and futures leverage of up to 100x. BitMart charges competitive trading fees of 0.1% for spot (both maker and taker) and 0.02% or 0.06% for futures, which can be further reduced by 25% using its native BMX token or by trading more.

The exchange also offers other services, such as savings and dual investment options to help users grow their portfolio, a Launchpad for listing new token projects, NFT trading for digital collectibles, high-speed APIs, and WebSocket subscriptions for expert traders. It is a secure cryptocurrency exchange for trading, with user money stored in a hybrid hot/cold wallet mechanism and other security features like two-factor authentication, address whitelisting, and DDoS protection. The mobile app is compatible with Android and iOS devices, and customer service is available 24/7 via live chat and tickets.

What are the pros and cons of BitMart crypto exchange?

The pros of BitMart crypto exchange are a large selection of cryptocurrencies, competitive trading fees, advanced trading features, such as 100x futures leverage, copy trading, and margin trading, several passive income options, including savings, staking, and dual investment, a secure platform with various safety measures, a mobile app for trading on the move, and third-party payment methods for fiat deposits.

The coins pro crypto exchange are that there was a previous hack on the exchange in 2021, and some services are limited in the United States.

What are BitMart’s fees?

The BitMart fees are 0.1% maker/taker for spot trading and 0.02% maker and 0.06% taker for futures trading. It does not charge deposit fees, but there is a network fee for crypto withdrawals.

Trading Fees on BitMart

BitMart uses a maker/taker fee model for all its spot, futures, and margin trading fees. Its base fees for spot trading are 0.1% for both takers and makers, the same as those for many crypto exchanges such as Binance and Bybit. You can also use its native BMX token to pay trading fees and receive a 25% discount to bring your fees down to 0.075% on both the maker and taker sides. You can further reduce these fees depending on your 30-day trading volume.

The futures fee on BitMart is 0.02% maker, 0.06% taker. These are charged on BitMart’s perpetual futures contracts, with leverage up to 100x. But note that the tiered discounts don’t apply here for futures traders; you’ll pay flat futures trading fees no matter how much you trade. There’s also a funding rate every 8 hours to balance out longs and shorts, but that’s trader-to-trader and not a fee charged by BitMart.

For margin trading, the fees are more related to borrowing expenses than pure trading. The interest rate for borrowing BTC is 0.00013% per hour, which can vary depending on market conditions. You can view the exact rates on the BitMart “Fees” page.

Join BitMart today and start with exclusive benefits

What cryptocurrencies are supported by BitMart?

BitMart supports over 1,700 cryptocurrencies for trading, buying, and selling on its exchange. The variety includes all major coins, such as Bitcoin (BTC), Ethereum (ETH), and Tether (USDT).

You’ll also find many well-known altcoins, such as Binance Coin (BNB), Solana (SOL), Dogecoin (DOGE), and Shiba Inu (SHIB). The platform frequently gives users early access to many emerging coins through its Launchpad and listing events, so the selection keeps growing.

What are the best features of BitMart crypto exchange?

The best features of the BitMart crypto exchange are 100x leverage trading, copy trading, an earning program, an NFT marketplace, staking, a mobile app, and a BitMart wallet.

BitMart Leverage Trading

BitMart offers leverage trading, which involves borrowing funds to increase the size of your trades. This feature helps you increase your potential profits. However, it also increases your risk of losses. Hence, it’s best for people who understand the market and leverage trading well.

The platform provides 2 main leverage trading options