RESEARCH & ANALYSIS
FOR THE CRYPTO ECONOMY.

BitMart

BitMart Exchange Review

Centralized

BitMart Overview

  • BitMart is a digital asset exchange / cryptocurrency exchange that was launched in 2017. It is one of the top 20 cryptocurrency exchanges by volume. A BitMart exchange review reveals that this outfit with headquarters in the Cayman Islands, serves 500,000+ customers in a 180+ countries globally across no less than 123 markets. They also have branches in China, South Korea and the United States.

    BitMart seems to be primarily in the business of crypto-to-crypto trading that involves crypto tokens, both utility and other tokens. They also offer a way to buy cryptocurrencies easily, securely and conveniently with a debit / credit card. This is made possible through an arrangement that they have with fintech company and payment processing provider, Simplex.

    In addition, a BitMart exchange review shows that they are planning to expand their service or product offering to include OTC trading, futures contract trading, decentralized trading as well as whole-network trading. This while assisting or helping traditional businesses to obtain digital capitalization.

    A BitMart exchange review also shows that they have a crypto token of their own, namely the BitMart Token (BMX). This ERC20 token can be used on the BitMart platform to qualify for a discount on the trading or transaction fee charged. BMX tokens can also be used to earn trading fee dividends via BitMart’s Mission X community listing market. BMX tokens can also be used in voting to get new projects listed. In addition, the total supply of BMX tokens started out at 1 billion tokens. This number is set to be reduced to half a billion through the repurchase of BMX tokens.

    BitMart Exchange Review, Trading Fees, Deposit and Markets

    • 24h Trading Volume

      66861.876 BTC

      • BitMart Total Trading Pairs

        167

        • BitMart Margin Trading

          Yes

          • BitMart Deposit fees

            Free

            • BitMart Fiat Deposit

              Yes

              • Accepted Payment Method

                None

                • BitMart Native token

                  Yes

                  • Native token smart contract

                    N/A

                    • BitMart Trading Markets
                      • BitMart Stablecoins trading

                        BitMart Withdrawals

                        • Daily Withdrawal Limit

                          No Verification- 2BTC daily. Verification- 100BTC daily.

                          • BitMart Withdraw fees

                            Withdrawal fees list here

                            Only accessible by registered members.

                            • BitMart Withdraw fees discount

                              N/A

                              • Proof of Reserves

                                N/A

                                BitMart Exchange Rating Analysis

                                Last edit 17.07.2019

                                • BitMart is a Cayman Islands based cryptocurrency exchange, with a fully public team and their own token, BMX. BMX usage does allow discounted trading fees. BitMart has particularly low trading fees, quick customer support and a well-translated website. There doesn’t appear to be a security team member currently onboard, but their CEO is moderately experienced. Our ranking system suggests this exchange is low risk, but crypto is not insured, so capital is at risk.

                                  BitMart IEO launchpad

                                  Stage Start date End date Fundraising
                                  Bicoin Token

                                  Bicoin Token

                                  Apr 13, 2019 - Apr 15, 2019 N/A

                                  BitMart Exchange Additional Information