BitMart is a cryptocurrency exchange that offers over 1,700 cryptocurrencies for trading. The exchange provides advanced trading tools like perpetual futures contracts and margin trading, and it is easy for beginners and professional traders to use.

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 is a safe exchange to buy crypto because it has various security measures in place, such as cold storage, two-factor authentication, multi-signature technology, anti-DDoS protection, user data encryption, bug bounty programs, and withdrawal address whitelisting.

This BitMart review will cover what BitMart is, what BitMart fees are, what cryptocurrencies are supported on BitMart, and what the best features of the BitMart crypto exchange are. We’ll also give you a step-by-step guide on how to open a new BitMart account to buy and sell cryptocurrencies.

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User Score

9.6

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OPEN ACCOUNT NOW BitMart Review: What is It?

BitMart is a global cryptocurrency trading platform. It launched in 2017 and is based in the Cayman Islands. The exchange has offices in the US, China, and South Korea. BitMart services over 9 million customers in 180+ countries. It allows trading over 1,700 cryptocurrencies, including Bitcoin, Ethereum, and Tether.

The platform offers real-time trading services. You have access to spot trading, futures trading, and margin trading. Spot trading offers over 1,700 trade pairs, while futures trading provides leverage of up to 100x. BitMart charges reasonable fees: 0.1% for spot trading (both makers and takers) and 0.02% or 0.06% for futures. You can save up to 25% using BMX, BitMart’s native token.

BitMart offers a variety of services in addition to trading. You can stake your cryptocurrency to earn incentives. Savings and Dual Investment options can help you grow your portfolio. The platform has a Launchpad for listing new token projects. It also provides NFT trading for digital collectibles, high-speed APIs, and WebSocket subscriptions for expert traders.

It is a secure cryptocurrency exchange for trading. BitMart stores user money in a hybrid hot/cold wallet mechanism. Other security features include 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.

Founded 2017 Headquarters Cayman Islands (offices in the U.S., China, and South Korea) Userbase Over 9 million worldwide Countries Supported 180+ (restrictions in some U.S. states) Cryptocurrencies Supported 1,700+ trading pairs Native Token BMX (ERC-20, offers a 25% fee discount) Spot Trading Fees 0.1% maker/taker (0.075% with BMX), varies by pair and volume Futures Trading Fees 0.02% maker, 0.06% taker (flat-rate) NFT Trading Fees 1% per transaction Deposit Fees Free for crypto; fiat via third-party (2-5%) Withdrawal Fees Varies by coin (e.g., 0.0001 BTC for Bitcoin) Withdrawal Limits KYC1: 0.06 BTC/day; KYC2: 100 BTC/day Security Features Cold storage (99%), 2FA, multi-sig, anti-DDoS, encryption, audits, address whitelisting Best Features 100x leverage trading, copy trading, earning program, NFT marketplace, staking, mobile app, BitMart wallet What are the pros of BitMart crypto exchange?

The pros of BitMart crypto exchange are a large selection of cryptocurrencies, competitive trading fees, advanced trading features, staking and savings, a secure platform, a mobile app, and third-party payment methods.

Competitive Trading Fees: The platform starts with a 0.1% fee for makers and takers in the spot market. Holding BMX tokens can lower this fee by 25%. Advanced Trading Features: BitMart offers advanced trading features, including futures trading with 100x leverage, margin trading with 5x leverage, and copy trading. Staking and Savings Options: BitMart provides staking and savings programs to earn rewards on your crypto holdings and get free passive income. You can lock your digital assets, such as USDT, ETH, or others, to gain interest in them over time. Secure Trading Platform: The exchange has an advanced risk control system with hot and cold wallets, and employs multi-signature technology for extra security. Mobile App Availability: BitMart has apps for your Android and iOS devices, allowing you to trade on the go. The app includes all the features of its desktop version, such as futures trading, staking, real-time data, and portfolio tracking. P2P and Third-Party Buying: You can buy crypto directly with your fiat currency using a peer-to-peer trading marketplace or its third-party partners, such as MoonPay and Simplex. This exchange supports over 300 P2P payment methods, including cards, Apple Pay, and cash in some locations. What are the cons of BitMart crypto exchange?

The cons of BitMart crypto exchange are a previous hack of $196M and restricted services in the United States.

Previous Security Breach: In December 2021, hackers stole $196 million from BitMart’s hot wallets. Although the company assured users of repayment, this raises doubts about security. Restricted Features in the US: Some services, such as BitMart Savings and futures trading, are not offered in the US because of regulations. This restricts choices for American users in contrast to others around the world.

Sign up now and unlock pro tools, low fees, and passive income options on BitMart!

User Score

9.6

Trade 1,700+ cryptos, and access 100x leverage

Get up to $1,000 welcome bonus

Enjoy 25% off trading fees instantly

OPEN ACCOUNT NOW Is BitMart available in the U.S.?

Yes, BitMart is available in the US, but there are limitations. Due to regulatory restrictions, it offers only crypto-to-crypto trading, and US users cannot access certain products, such as BitMart Savings, staking, or futures trading.

According to BitMart’s privacy policy page, “BitMart is not registered with the U.S. Securities and Exchange Commission and does not offer securities services in the United States or to U.S. persons.”

What are BitMart 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 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 maker/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 remember, tiered discounts don’t apply here for futures traders, you just pay flat fees. There’s 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 under the BitMart “Fees” page.

Join BitMart today and start with exclusive benefits

User Score

9.6

Trade 1,700+ cryptos, and access 100x leverage

Get up to $1,000 welcome bonus

Enjoy 25% off trading fees instantly

OPEN ACCOUNT NOW NFT Trading Fees

BitMart charges a flat 1% trading fee for buying and selling NFTs. This fee will be applied to the total value of your trade, so if you are purchasing an NFT for $100, you’re looking to pay a $1 fee. On top of that, a royalty fee is generally paid to the original creator of the NFT each time their piece is resold. This is usually between 2.5% to 10% of the sale.

Deposit and Withdrawal Fees on BitMart 

BitMart doesn’t charge any fees for cryptocurrency deposits. For free, you can send BTC, ETH, USDT, or any supported coin to your BitMart wallet.

Bitmart charges a fee if you deposit fiat currencies. These fees are generally paid to third-party payment providers and usually range between 2% and 5%, depending on the payment method and region.

BitMart charges a withdrawal fee that varies by cryptocurrency and adjusts based on network conditions. The ERC-20 network has high fees compared to other networks like BEP-20 or TRC-20.

Here are BitMart withdrawal fees (subject to change):

Crypto Network Withdrawal Fees Bitcoin BTC 0.0001 BTC Ethereum ERC-20 0.002 ETH Solana SOL 0.008 SOL Tether TRC-20 1 USDT What is BitMart’s withdrawal limit?

BitMart withdrawal limits depend on the currency and KYC level of a user. For minimum crypto withdrawals, you must cover the network fees to process your withdrawal. For the maximum limit, you can withdraw up to 0.06 BTC as a KYC 1 user and up to 100 BTC as a KYC 2 user.

What are supported cryptocurrencies on BitMart?

BitMart supports over 1,700 cryptocurrencies for trading, buying, and selling. 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: margin and futures trading. Both have different levels of borrowing power.

BitMart Margin trading allows you to use up to 5x leverage. This means you can trade with five times the amount in your account. Here, you have to borrow the extra funds from BitMart, and the platform will automatically handle the borrowing and repayment process. 

Generally, there are two types of margin modes: cross-margin and isolated-margin. But BitMart currently supports only isolated margin mode. An Isolated Margin is best for risk management as it does not use your entire account balance to manage your trades. BitMart also has plans to add a cross-margin mode in the future.

BitMart offers futures trading with up to 100x leverage. It provides over 300 perpetual futures contract pairs in USDT-margined (stablecoin-based) and coin-margined (crypto-based) formats. The platform has a fast trading engine with less than 5 milliseconds of latency to ensure your leveraged trades execute smoothly.

BitMart also offers 4 different types of orders for risk management:

Limit: A limit order on BitMart allows you to set a specific price to buy or sell a cryptocurrency. You have to place it in the order book, and it will only execute the order when the market hits your chosen price. Trigger: A trigger order works when the market price of crypto reaches a specific level you pick, and then it turns into a market or limit order to buy or sell. You generally use it to automate your trades based on price movements, like locking in some profits or cutting your losses. Maker Only: This order ensures that you add liquidity to BitMart’s order book by setting a price that doesn’t match existing market orders. You need to make sure that the order won’t execute right away. You will also pay lower maker fees since you’re helping the market with maker orders. Trailing Stop: This order follows the market price dynamically to lock profits or limit losses as crypto prices move in your favor. You set a trailing distance (1% below or above the current price), and the order executes accordingly. BitMart Copy Trading

BitMart provides you with a copy trading feature to follow and copy the trading strategies of other experienced traders on the platform. You will benefit from the skills of others. At the same time, master traders earn extra income from sharing their strategies (they earn around 30% profit sharing).

BitMart currently offers copy trading for the futures market only. In the copy trading section, you need to pick from the list of “Top Master Traders” to copy and follow their strategies. These master traders are the users with proven success and are ranked by factors like total P&L and total win rate. Pick one and set how much money you want to allocate. Now, BitMart automatically mirrors their crypto trades in your BitMart account.

Master traders will also earn commissions from your trading, which is up to 30% of your profits, which motivates them to perform well and make profitable trades. In copy trading, you don’t need to do anything beyond choosing a master trader to copy and fund your account.

BitMart Earning Program

BitMart’s earning program helps you earn and grow your crypto portfolio without any trading activities. It includes earning options like savings, staking, and dual investment. You will earn rewards by locking your digital assets or simply HODLing them in your account.

Savings are a more flexible way to earn interest on your digital assets. Simply, you have to deposit your coins like USDT or BTC into a savings account and then choose between flexible (withdraw anytime) or fixed (locked for a set time) terms. Flexible savings offers lower yield compared to fixed savings. Flexible savings offer 0.5% to 5%, whereas fixed terms can go much higher, like 50% or more, depending on your locked coin and locking period. Staking is mainly about locking your crypto to support a blockchain network to complete transactions and earn rewards. BitMart offers crypto staking options for coins like Solana, Cardano, and Ethereum. You have to choose a coin and then lock it for a set time (often 30, 60, or 90 days) and get paid monthly. Also, staking rewards depend on the network’s performance so that they can fluctuate. Dual investment is a more advanced option to earn passive income. You deposit one cryptocurrency and pick possible outcomes – like BTC going up or down against USDT. And, if your prediction is right at the end of your staking term, you will earn a high APY, which can sometimes be over 100%. If not, you will still get your deposit back in the other currency. In this case, you will get USDT (not BTC).

BitMart NFT Marketplace

BitMart’s NFT Marketplace lets you purchase, sell, and exchange non-fungible tokens (NFTs). It’s a marketplace to trade your digital collectibles, such as art, music, or virtual objects. The exchange’s marketplace went live in June 2022. Currently, it supports only Ethereum-based NFTs (ERC-721 standard). However, it has plans to integrate more blockchains, such as BNB Chain and Polygon.

The marketplace interface displays the top collections and prices, usually in USDT. To purchase NFTs, you must have crypto in your BitMart wallet. There’s also a 1% fee for buying and selling NFTs on the BitMart marketplace.

BitMart also has an Initial NFT Offering (INO) feature. This is similar to a launchpad for new NFT collections. However, these offerings are not as large compared to top NFT sites like OpenSea. You will not be able to mint (create) NFTs on BitMart, and the marketplace also does not currently support the most popular collections of NFTs.

BitMart Staking

BitMart’s staking option allows you to earn rewards for locking your coins to help secure blockchain networks. You secure networks such as Solana or Cardano, and you receive a percentage of your staked coins in return. BitMart rewards daily, but the actual APY may change depending on the network conditions. It’s not as flexible as “Savings” but gives better returns on coins you will hold long-term.

Here are current staking APYs on BitMart (at the time of writing, subject to change):

Cryptocurrency Minimum Locked Amount Duration APY Ethereum (ETH) 0.04 ETH Flexible 3.75%  Solana (SOL) 0.01 SOL Flexible 8.5% Aave (AAVE) 0.01 AAVE 30-Days 2% Cardano (ADA) 10 ADA 3-Days 1% BitMart Mobile App

BitMart’s mobile app gives you the full exchange experience on your phone. The app is available for Android and iOS and now has over 1 million downloads on Android alone. You can easily trade, earn, and manage your account on the go, which is nowadays perfect for busy traders who can’t always sit at a computer.

The app copies the same features as the website. You can perform all trading features like spot trading, futures trading with up to 100x leverage, and margin trading at 5x. It also includes an earning program to earn passive income (savings, staking, dual investment), and you can stake and unstake right away from the app. The interface is clean and simple, and there is a navigation bar for quick access to trading, assets, and settings.

Performance-wise, it is decent but not perfect. Currently, the Android app has a 3.6/5 rating from 45,000+ reviews, and some users complain about lag or high fees. Still, it’s responsive enough for most tasks, like placing trades or checking current crypto prices. The app also supports biometrics for extra security.

BitMart provides a built-in wallet as part of your exchange account to store your cryptocurrencies. It’s not a standalone wallet like MetaMask, but it is a custodial wallet where BitMart will hold all your funds. You will mainly use it to store, deposit, and withdraw crypto, and it ties into all the platform’s features, like trading and earning.

The wallet has two main sections: the spot and futures wallets. The spot wallet holds all your assets for regular trading or savings, while the futures wallet is only for leveraged trades. You can easily move funds between them.

However, BitMart does not hold all your assets in these exchange wallets. It keeps over 98% of funds in cold wallets (offline storage) for extra security and a small amount in hot wallets for regular transactions. But remember, since it’s a custodial wallet, you don’t control your private keys and funds—BitMart does for you. So, if you prefer full control, you can easily transfer funds from a BitMart wallet to your self-custodial wallet like MetaMask or Trust Wallet.

Join BitMart for low fees, secure wallets, and powerful tools built for every crypto trader

User Score

9.6

Trade 1,700+ cryptos, and access 100x leverage

Get up to $1,000 welcome bonus

Enjoy 25% off trading fees instantly

OPEN ACCOUNT NOW How to open a new BitMart account to buy and sell cryptocurrencies?

To open a new BitMart account to buy and sell cryptocurrencies, you need to create a new BitMart account using your email, complete KYC verification, deposit funds using a credit or debit card, and buy crypto using spot trading.

Step 1: Create a BitMart Account

First, you must create a new account on BitMart’s website. Look at the top right corner of the homepage and find the “Get Started” button. Click it, and a form will pop up asking for your email or phone number. 

You need to pick one, type it in, and then set a strong password. After that, you’ll receive a verification code from your email or phone. Enter this code on the screen and hit “Sign Up” to finish your registration. You can also use our BitMart referral code during registration for a free crypto sign-up bonus.

Step 2: Complete ID Verification

Now, you need to open BitMart’s main home page. You will notice a drop-down menu when you move the pointer on your username in the upper-right corner. Press “Account”. It is impossible to withdraw any funds from your BitMart account if you have an unverified account (Level 0 account). The Identity Verification must be completed before you may make your first withdrawal. 

Click “Verify Now” to begin the identity verification process. You will be sent to the page where you can complete the Level 1-Starter verification. Here, fill in the fields according to the instructions, then click “Confirm.”

The Level 1 verification would allow you to buy and sell cryptocurrency and deposit and withdraw 0.06 BTC daily. But you wouldn’t be able to trade on the BitMart platform. To proceed to the next verification stage and begin trading, click “Continue.”

The level 2 verification process takes you to a QR code. Scan the QR code that shows up on your screen. Following scanning, you will be directed to a new page where you can choose the nation and submit a certain kind of document. Please verify your ID photo to ensure it is full and clear, then click “Confirm” to submit it after taking a picture of it or uploading a copy.

Step 3: Deposit Funds

You must now have funds in your BitMart account to begin trading. You’ve got three basic methods to add funds: P2P trading, credit or debit cards, and third-party payment processors.

Log in, go to the top of the website, and click “Buy & Sell” from the navigation bar. This unlocks your choices—here’s how each one works.

Using P2P Trading 

P2P means you purchase crypto directly from other BitMart users. Pick “P2P Trading” from the “Buy & Sell” menu. You’ll find a list of merchants with pricing and payment options, like bank transfers or mobile payments.

Choose one that suits your local currency (say, USD or EUR), input how much you wish to spend, and confirm. The seller will send crypto to your BitMart wallet whenever you pay them outside the platform—like via your bank app. It’s free as there’s no intermediary cost. However, the currency selections are restricted to 4 cryptocurrencies only: BTC, ETH, USDC, and USDT.

Using Credit and Debit Cards 

You can use your Visa or Mastercard to buy Bitcoin quickly. From “Buy & Sell,” choose “Credit/Debit Card” instead of P2P. Pick a coin and enter how much you want, say $50. 

Then, input your card data, number, expiration, and code. Review the order—it’ll disclose costs, generally 2-5%, and select “Buy.” The crypto arrives in your account in minutes. It’s incredibly simple yet costs more than P2P because of those fees.

Using Third-Party Payment Processors 

BitMart works with numerous payment providers, including Banxa, Simplex, and Legend Trading. Pick one, follow their processes (it could be a card, bank transfer, or mobile pay), and complete the payment.

Step 4: Buy and Sell Crypto on BitMart

BitMart allows you to purchase and trade over 1,700 coins. From the site, choose “Trade” in the navigation bar, then pick “Spot” for basic trading. The screen provides a trading pair box—enter something like “BTC/USDT” (Bitcoin versus Tether) and pick it. You’ll see the trading page with charts and order choices. 

To purchase, go to the “Buy” area below the chart. Pick “Limit” if you want a defined price—input your price and how many BTC you want, then click “Buy BTC.” It waits until the market strikes your price. Or click “Market” to purchase at the current price now—input the amount and confirm.

Your new BTC goes to your Spot wallet. To sell, navigate to the “Sell” area, choose your price, utilize the market rate, and press “Sell BTC.” If you want advanced trading, check out our guide on the best crypto copy trading platforms.

Does BitMart require KYC?

Yes, BitMart requires KYC to trade and withdraw your funds. BitMart distributes its accounts into three different KYC levels: Level 0 (unverified), Level 1 (Starter), and Level 2 (Advanced). You will start at Level 0 when you join the exchange with only an email or phone number. To advance further, you need to submit additional details and ID proof.

Level 1: Starter KYC 

You have to proceed to Level 1 by submitting basic personal information. They will ask for your entire name, date of birth, and country of residence. Remember, your name must match your ID name. Now, submit this using the “Verification” tab under your account settings. It’s really quick, and no ID is required yet. Level 1 increases your withdrawal limit to 0.06 BTC per day.

Level 2: Advanced KYC 

You reach Level 2 by performing a complete KYC with your ID. This involves uploading a government-issued ID—like a passport or driver’s license—and a selfie holding that ID in your hand. The exchange performs facial checks as well using a scan on the app or website. Once accepted (it takes a few hours to a day), you will receive full access to everything—trading, staking, futures, and huge withdrawals. The daily withdrawal limit also climbs to 100 BTC.

Is BitMart a safe and legitimate crypto exchange?

BitMart is a safe and legitimate crypto exchange. It offers various security measures such as cold storage, two-factor authentication, multi-signature technology, anti-DDoS protection, user data encryption, security audits, bug bounty programs, and withdrawal address whitelisting. 

Cold Wallet Storage: Most customer funds on BitMart are stored in crypto cold wallets. These offline storage mechanisms are never connected to the internet, and it’s next to impossible for hackers to hack them. The platform claims that more than 98% of the user funds are stored in cold storage wallets, and only a small percentage remains in hot wallets for regular trades. Hence, this configuration keeps your crypto safe even if hackers attack the exchange’s online infrastructure. Hot Wallet Security: As discussed above, BitMart uses hot wallets for regular trades, which’re still locked securely. They use multi-signature technology, in which more than one individual is required to sign transactions and withdrawals. The system never releases funds until all signatures align, which prevents thieves even if hackers break one signer’s account. Two-factor authentication (2FA): BitMart asks you to enable two-factor authentication for your exchange account. You need to sign in with your password and a code, which can be an SMS or Google Authenticator code. Even if someone has your password, they need a 2FA code. You do it through the account settings, and it’s a recommended requirement for keeping your assets safe. Multi-Signature Technology: BitMart uses multi-signature technology on both cold and hot wallets. So, each withdrawal or other sensitive transaction must be signed off by several team members rather than an individual. Anti-DDoS Protection: BitMart protects against Distributed Denial of Service (DDoS) attacks using various encryptions. Generally, DDoS attacks bombard a website with bot traffic to bring its servers down. However, BitMart tools detect these attacks and close them quickly. Encrypted User Data: BitMart encrypts all your personal information, such as IDs and passwords. They convert your data into a hash code that cannot be read by hackers even if they gain access to it. Regular Security Audits: BitMart regularly scans its systems and uses third-party auditors to find vulnerabilities. A popular crypto exchange security auditor, CER.live, gives BitMart a security rating of “A,” which is quite a good rating for an exchange. BitMart Bug Bounty: BitMart operates a Bug Bounty program to maintain the safety of its platform. You can join it through HackenProof, and they will pay you to spot vulnerabilities in their system. They reward you in their exchange BMX tokens – which can range between $50 – $5K. Also, you must report these bugs privately and allow them to correct them so you don’t ruin their site reputation. Withdrawal Whitelisting: BitMart provides a withdrawal whitelisting feature to secure your crypto from unauthorized withdrawals. You must activate it in your account settings and then store individual wallet addresses you want to trust and withdraw to ensure your funds will only be sent there. It’s an optional feature, but we highly recommend it to secure your account even more.

BitMart Hack:

BitMart suffered a hack in 2021 that resulted in a loss of about $196 million in crypto. Hackers got into two BitMart hot wallets—one on the Ethereum blockchain and one on the BNB Chain. They stole their private keys and drained over 20 tokens, such as Shiba Inu and Binance Coin. 

However, the breach affected only a small amount of BitMart funds because most user funds were stored in cold storage wallets. Later, the exchange fixed the hole, reimbursed all affected users using their insurance funds, and increased their security, but it shows that hot wallets can be weak spots even with protections.

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