The web’s most detailed BitMart review: This is a cryptocurrency exchange for both experienced day traders and beginner crypto enthusiast that are looking for the optimal lending and staking platform. It is regulated in the USA by FinCEN which increases security and trustworthiness. We did some digging and in this review of BitMart, you will be able to read all you need to know before you get started.
• Advanced interface for active crypto-traders
• Offers great OTC solutions
• Regulated in the USA by FinCEN
• Relatively new platform
• Not very beginner-friendly
• The website is lacking a market news source
In this section of our BitMart review we highlight 6 special features that deserves extra attention.
BitMart is an American crypto exchange that’s regulated in the United States by The Financial Crimes Enforcement Network (FinCEN) and offers a fiat onramp for USD, CAD, and EUR. There is also a very intuitive platform for spot contracts and futures contracts with up to 125x leverage for cryptocurrencies. The exchange has several different offices in the world that are located in New York, Singapore, Seoul, and Hong Kong. The main guy behind BitMart and this intuitive crypto margin trading platform is the CEO, Sheldon Xia.
The team behind this project are all ex-employees of very large companies such as Amazon, Tencent, and Alibaba. The main motto of the team behind BitMart is trustworthiness, accessibility, and professionalism and it really shines through when you browse the platform for the first time.
Why use BitMart
BitMart lets you buy and sell cryptocurrencies with fiat from over 180 countries all over the world. BitMart is an advanced cryptocurrency exchange that is not only a hub for active day traders but also has a well-developed staking and lending platform that has become very popular.
It can definitely be used by new traders but I would suggest that you browse through the platform before starting out, there are some features that are more advanced than on a basic exchange.
BitMart is for all traders at all levels but I think you need to have at least some experience before starting out since the trading interface is well-equipped and ready for cryptocurrency day traders that need a fast platform to work on. If you are into crypto lending you will be thrilled to see this lending platform that offers up to a 61.8% annualized interest rate which is one of the highest I’ve seen so far.
The staking platform is extremely easy to use and you don’t need any previous experience to get started, all you need to do is to keep a balance in your BitMart account to earn crypto.
Trading on BitMart
If you are into futures trading and leverage trading you will definitely enjoy the BitMart platform. The futures platforms offer up to 125x leverage and the charting package is from Tradingview which guarantees advanced charting without any kind of lag. Standard order types such as market orders, limit orders, and plan orders are of course options.
The spot trading feature on BitMart has two different interfaces, one standard basic and one advanced that will come in very handy depending on your skill level. If you are new to cryptocurrency day trading I would suggest starting out with the basic interface and practicing for a while until you feel comfortable jumping to the advanced platform.
Both interfaces on BitMart have fully developed order books and trade history which lets you trade with order flow if that’s your niche. Both platforms are very well designed and you can choose to use both a dark and a bright version, whichever you prefer. All time frames for both fast and slow traders are available from 1 minute to 1 week. If you are a crypto day trader you will enjoy trading on BitMart, it has all you need to start applying your own crypto trading strategies on the market.
BitMart also has a cryptocurrency trading app that makes for excellent trading on the go. Follow charts, analyze the markets, and enter the market when you are away from your desktop. The BitMart trading app has all the features you need to day trade crypto from your smartphone.
Payment method and limits
BitMart offers deposits with Credit Cards, Apple Pay, PayPal, Gift Cards, and Bank Transfers as fiat on-ramp solutions where you can deposit USD, EUR, and CAD. There is a minimum deposit of $10, a minimum withdrawal limit of $10, and there is no maximum withdrawal limit.
BitMart category rating
Things we don’t like
BitMart is a very complete cryptocurrency exchange full of special features for all kinds of traders and crypto enthusiasts. Two improvements I can see at this point are to add a news source for the crypto market which would be very helpful and interactive for all traders using the platform and a real stop-loss order.
We at Tradingbrowser highly recommend buying, selling, and trading digital assets on BitMart!
BitMart Trading Fees
About the special features on BitMart
It’s not only the fact that the BitMart exchange is very easy to navigate, but it is also well-equipped with special features that I know crypto traders are looking for such as an advanced day trading interface for cryptocurrencies, crypto futures trading with leverage, fiat-to-crypto exchanging, crypto lending, and crypto staking.
Whether you are a beginner or a seasoned trader you will find BitMart very useful when it comes to depositing fiat money such as USD, EUR, and CAD, and also the number of altcoins that are available on the exchange. A fast calculation said that BitMart offers roughly 455 cryptocurrencies, that’s a lot of altcoins!
BitMart Shooting Star IEO Platform
The BitMart Shooting Star platform is an IEO hub where all the newly listed coins get announced and also all the new high-quality blockchain projects are presented. If you are looking for new good cryptocurrency projects to invest in I would highly suggest that you stop by this page to have a look.
Regulated Cryptocurrency Futures Platform
BitMart is one of the few cryptocurrency futures trading platforms that offer leverage trading combined with a high-quality trading interface that is also available for US traders. The leverage is adjustable and you can choose which level you want to start with, keep in mind the risks as you increase it. Crypto futures on BitMart are very cheap to trade and the platform is extremely responsive which makes for excellent trade executions.
BitMart OTC Trading
BitMart is proving that it’s one of the big up-and-coming cryptocurrency exchanges with its intuitive Bitcoin OTC market for large cryptocurrency investors and traders. If you are a crypto investor with deep pockets I would suggest that you check out the BitMart Bitcoin OTC desk where you are offered higher limits and a very streamlined investment process.
BitMart Cryptocurrency Lending
Choose between several different coins to lend and a wide variety of annualized interest rates on the BitMart lending platform. It’s incredibly easy to get started and lend your asset to earn a passive income with cryptocurrency. The interest rates on this crypto lending platform are very high, reaching up to 61.8% annualized interest rate.
BitMart Staking for Cryptocurrency
If you own a lot of cryptocurrencies and you want to leverage them for passive income, then the staking platform on BitMart is a good choice. Stake your cryptocurrencies and earn a fixed passive income with an estimated annual yield of up to 8%. Be your own bank and start earning money while your digital assets do all the work for you!
Our own experience with BitMart
BitMart Funding Methods
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BitMart Withdrawal Fee
Is BitMart a legitimate exchange?
BitMart is a very established exchange and is highly respected in the cryptocurrency community. The FinCEN regulation combined with a proven track record of being safe gives the exchange increased trustworthiness.
Is BitMart regulated?
Yes, it is. BitMart is regulated in the USA by the Financial Crimes Enforcement Network or FinCEN.
Frequently asked questions
Read the most frequently asked questions about BitMart. Find answers without searching the web.
The exchange has for the moment 6 different payment methods. Visa, Mastercard, ApplePay, Bank Transfer, Gift Cards, and PayPal.
There is a standard 0.25 % taker fee and a 0.25% maker fee.
The exchange has its headquarters in several different countries, United States, South Korea, China, and Singapore.
Yes, the exchange requires you to log in with KYC. All crypto exchanges that offer you the possibility to buy Cryptocurrencies with fiat require you to log in with KYC.
Yes, it offers you an option to buy Bitcoin on the exchange. To do this, you must first deposit real money into the exchange and after that, you can buy Bitcoin.
Yes, it is possible to lend digital assets on the exchange.
Yes, this is an option. Head over to your assets page, choose which coin you want to withdraw, and click withdraw.
This crypto app features all the necessary tools you need to be able to research coins, do technical analysis, and enter the market on the go.
Yes, US traders are allowed to trade on the platform.
The editorial team of Trading Browser is required to use first-hand sources to collect and share information regarding the businesses we promote. Among these sources, you will find LinkedIn profiles, Trustpilot reviews, Sitejabber ratings, whitepapers, government reports, and other reputable sources. Below is a shared list of the article sources used for this review.
- LinkedIn – “BitMart Company“
- CNBC – “BitMart says it will compensate victims of $196 million hack and restore trading by Tuesday“
- Trustpilot – “Bitmart.com“