📘 General Information about the BitMart Crypto Exchange
BitMart is an international cryptocurrency exchange founded in 2017 (launched in 2018), legally domiciled in the Cayman Islands. It serves users in 180+ countries and positions itself as an all‑in‑one platform: spot and margin trading, futures with leverage up to 200×, Earn products, Launchpad, P2P, an NFT marketplace, educational resources, AI tools, and a native token, BMX, for trading‑fee discounts and additional benefits.
- 🌍 Global footprint; multi‑language support (including Russian)
- 🪙 1,700+ cryptocurrencies and ~1,500 trading pairs
- 📈 Futures: USDⓈ‑M and COIN‑M contracts, leverage up to 200×
- 🧾 BMX—BitMart’s native token—offers a 25% discount when used to pay trading fees
- 🚀 Noted for rapid listings of new coins (including memecoins)
Get Started on BitMart
Registration, verification, first deposit, and access to the full product suite
🏆 BitMart Awards & Achievements
| Year | Award / Achievement | Comment |
|---|---|---|
| 2019 | BrandLaureate Tech Award | Recognition for technology and contributions to the blockchain industry. |
| 2024 | “Best Exchange for Altcoins” | Acknowledged for extensive listings and early placements of promising tokens. |
💱 Trading Products & Capabilities
Spot Trading
The spot market spans both popular and niche assets—from BTC/ETH to emerging altcoins and memecoins—traded primarily against USDT/USDC. For fiat purchases, P2P and partner payment gateways are available.
Key spot features:
- 🪙 1,700+ coins; dedicated Innovation Zone for new projects
- 💸 Base fees: maker 0.15% / taker 0.25%, with volume‑based reductions
- 🎯 Trading interface with TradingView charts, order book, market depth, and advanced order types
- 💳 Fiat on‑ramps via P2P and payment partners (cards, Apple Pay, and more)
- 📱 Full‑featured mobile apps
Liquidity is strong on top pairs (BTC/USDT, ETH/USDT). On thinly traded tokens, spreads may widen and slippage can occur—check order‑book depth before placing large orders.
Futures (Perpetuals)
Derivatives include USDⓈ‑M and COIN‑M perpetual contracts. Maximum leverage reaches 200× on major markets; many altcoins offer 20–50×. Funding settles every 8 hours; both cross‑ and isolated‑margin modes are available.
- 📊 Base fees: maker 0.02% / taker 0.04%
- 🧮 Hedge mode (simultaneous long/short), stop orders, trailing stop
- 🤖 Copy trading and built‑in bots (including grid strategies)
Margin Trading
Classic spot margin with leverage up to 5×. Both cross and isolated margin are available. Borrowing interest accrues daily and varies by asset (typically lower for top coins and higher for stablecoins).
Good to know:
- ⚖️ Trading fees mirror spot; borrowing interest is charged separately
- 🧯 Falling collateral may trigger a margin call and liquidation
- 🧠 Intended for experienced traders who actively monitor margin levels
🚀 Launchpad and 💰 Earn Products
Launchpad (sometimes branded LaunchPrime) grants access to early token sales via subscription/lottery formats; participation may require holding BMX or locking USDT. Potential returns can be high, but post‑listing volatility risk is significant.
Earn: Savings, Staking & Loans
- Savings: flexible and fixed deposits. Flexible offers on top assets can reach ~15% APY on a capped amount; above that, rates are lower.
- Staking: rewards on ETH, SOL, and more without technical overhead; no staking service fee from the exchange.
- Crypto Loans: borrow against crypto collateral (LTV up to ~65%); rates are typically lower for BTC/ETH and higher for stablecoins.
🤝 P2P and Fiat Gateways
P2P enables direct fiat–crypto trades between users with escrow protection. The commission is 0.1% on each side (≈0.2% total per trade). Payment methods vary by region: bank transfers, e‑wallets, and local systems.
Direct fiat purchases are available via partner gateways (Visa/Mastercard, Apple Pay, and others). Provider fees usually range 3–5% above the market rate.
BitMart Card: a Visa‑branded debit card for spending from your crypto balance—rolling out by region.
🧩 Additional Ecosystem Services
- NFT marketplace: mint and trade NFTs; fees around 1%; integrated with your exchange account
- BitMart Academy: guides, glossaries, and articles for beginners and advanced users
- AI Hub: sentiment analytics, the Beacon assistant, and a Top KOL section (features evolving)
- Sub‑accounts & VIP: segmented access and assets; dedicated account managers for high‑value clients
- Web3 wallet and on‑chain DEX (beta): choose between custodial CEX storage and a self‑custodial wallet
💸 BitMart Fees
| Operation Type | Rate | Note |
|---|---|---|
| Spot | maker 0.15% / taker 0.25% | Reduced with volume and when paying in BMX (−25%). |
| Futures | maker 0.02% / taker 0.04% | Competitive rates; extra discounts for VIP tiers. |
| P2P | ~0.1% each side | Charged only after a successful trade. |
| Crypto deposit | 0% | No fee, except for tokens with a built‑in “tax”. |
| Crypto withdrawal | Fixed network fee | Varies by network (BTC, ERC‑20, TRC‑20, etc.). |
⚖️ Regulation & Restrictions
BitMart is an offshore exchange not regulated by top‑tier financial authorities (SEC, FCA, etc.). Its European entity is registered as a VASP (exchange and wallet operator) in Lithuania, enabling service provision in parts of the EU under AML requirements.
Regional restrictions:
- 🚫 Access restricted for residents of the USA, the UK, certain sanctioned countries, and specific territories
- 🌐 In some regions, access is available without local banking rails (P2P/partners only)
🛡️ Security & Technical Reliability
Account Protection & Asset Storage
- 🔐 2FA (Google Authenticator/SMS), anti‑phishing code, and withdrawal address whitelists
- 💾 Combination of hot and cold wallets with multisig
- 🛡️ Manual review of large withdrawals and monitoring for suspicious activity
2021 Incident and Current Measures
In December 2021, two hot wallets were compromised, with losses estimated at ~$150–200 million. The exchange paused withdrawals, ran an internal investigation, and announced user compensation from company funds. It later hardened storage processes, expanded cybersecurity, and launched a bug‑bounty program.
Proof of Reserves & Performance
The exchange has worked on a Merkle‑tree‑based PoR and partially disclosed hot‑wallet addresses. A comprehensive public PoR report is not yet available. In 2025, a third‑generation matching engine was deployed, handling up to ~80k orders per second with high resilience during volatility spikes.
👤 Verification (KYC): Levels & Limits
| Level | What’s required | Access & limits |
|---|---|---|
| Level 1 (Starter) | Basic details: full name, country, date of birth. | Withdrawals up to ~0.06 BTC/day; spot and P2P available; futures and margin unavailable. |
| Level 2 (Advanced) | Document (passport/ID) plus selfie for biometric checks. | Withdrawals up to ~100 BTC/day and full access to all products—futures, margin, Launchpad, and Earn. |
🖥️ Interface & Apps
- 🌐 Localized interface (including Russian) with intuitive navigation
- 📈 Web terminal with TradingView charts, advanced orders, and Basic/Advanced modes
- 📱 iOS/Android apps with push notifications and full functionality
- 🔌 Trading API and WebSocket for algorithmic strategies
- 🆘 24/7 support via chat/tickets; response times vary with load
🎁 Bonuses, Promotions & Referral Program
- Welcome Rewards: a bundle of bonuses for registration, KYC, first deposit, and first trades (coupons/rewards).
- Referral program: fee discounts for invitees and up to ~40% rewards to referrers; higher rates for affiliates.
- Trading competitions: prize pools tied to volume/PNL in new listings and themed campaigns.
- Fee holidays & cashbacks: temporary zero fees on select pairs; partial fee rebates.
- BMX loyalty: tiers/benefits for BMX holders, access to exclusive activities.
- Airdrops (PowerDrop): regular token distributions for completing simple tasks.
🗣️ Reputation & Reviews
Feedback is mixed: users praise the breadth of altcoins, usability, and promotions; they criticize occasional withdrawal delays, ad‑hoc KYC requests, and slow support during peak periods. The 2021 incident hurt the brand, but compensation and stronger security restored confidence for many.
Practical risk‑reduction tips:
- 🔐 Always enable 2FA, set an anti‑phishing code, and use a withdrawal whitelist
- 💼 Keep only working capital on the exchange; withdraw profits regularly
- 🧾 Complete KYC early and split large withdrawals into tranches
- 📊 Check liquidity and depth before trading thin markets
🔄 Comparison with Other Exchanges
BitMart vs. KuCoin/Gate.io/MEXC/LBank: similar positioning. BitMart’s edge is breadth of listings and fast listings; fees and features are comparable, derivatives are competitive. It trails leaders in regulation and PoR transparency.
BitMart vs. Binance/OKX/Bybit: these leaders offer superior liquidity and fiat infrastructure, while BitMart often lists more “new” alts. Futures fees are competitive; legal framework and reserves transparency remain weaker.
BitMart vs. Coinbase/Kraken: the latter are tightly regulated with stronger legal safeguards, but have fewer listings and stricter onboarding. BitMart suits alt‑focused traders who manage their own risks.
❓ Frequently Asked Questions about BitMart
Concise answers to common questions about BitMart’s features, fees, KYC, and security.
Do I need to complete verification (KYC) to trade on BitMart?
What are BitMart’s fees?
Does BitMart offer futures and leverage?
How can I buy crypto with fiat on BitMart?
How safe is the BitMart exchange?
What bonuses and promotions does BitMart offer?
Is there a BitMart mobile app?
In which countries is BitMart unavailable?
✅ Conclusions on the BitMart Crypto Exchange
BitMart is a modern, multi‑functional exchange combining spot, margin, and futures trading with leverage up to 200×. The platform offers Launchpad, Earn, P2P, and NFT services, balancing a broad toolset with a straightforward interface.
BitMart is particularly appealing to traders seeking early access to new tokens, those who enjoy experimenting with altcoins, and those who prefer end‑to‑end solutions—from investing to passive income via staking and savings.
Key pros and cons of BitMart:
- ✅ One of the widest listings—1,700+ coins with fast additions
- ✅ Transparent fees and a 25% discount when paying with BMX
- ✅ Solid mobile apps, Russian‑language UI, and an active bonus system
- ❌ Offshore setup and regional restrictions; no full public Proof‑of‑Reserves
- ❌ Possible withdrawal delays and slower support during peak hours
Recommendation: enable two‑factor security, complete KYC early, avoid storing long‑term holdings on the exchange, and diversify across platforms.