BiMart exchange started its work in 2017 with the slogan of "Discover Next Bitcoin". In this exchange, more than 1700 cryptocurrencies and trading pairs are available to trade. Beside these, they provide 1:100 leverage and 100+ perpetuals to trade.
BitMart: Company Information + Regulation
BitMart is a platform that's been steadily growing its reputation since 2017. Founded by “Sheldon Xia”, a visionary entrepreneur with a background in financial technology.
BitMart crypto exchange has its headquarters in the Cayman Islands, with additional offices strategically located in New York, Singapore, and Seoul. But what about regulation? Here's the scoop:
- BitMart operates under the oversight of Virtual Asset Service Provider (VASP) license which is issued by Securities and Futures Commission (SFC) of Hong Kong;
- It holds a Digital Asset Business license from the Cayman Islands Monbetary Authority (CIMA).
Summary of Specifications
Let's break down the key features that make BitMart stand out in the crowded cryptocurrency market:
Exchange | BitMart |
Launch Date | 2017 |
Levels | 12 |
Trading Fees | From 0.1000 to 0.6000% |
Supported Coins | Over 1700 assets |
Futures Trading | Yes |
Minimum Deposit | $1 or 0,0001 in BTC |
Deposit Methods | VISA, MasterCards, Bank Transfers, PayPal, P2P, Cryptocurrency, Advcash Wallet, Google Pay, Apple Pay |
Withdrawal Methods | VISA, MasterCards, Bank Transfers, PayPal, P2P, Cryptocurrency, Advcash Wallet, Google Pay, Apple Pay |
Maximum Leverage | 1:100 |
Minimum Trade amount | $5 |
Security Factors | Cold Storage, 2FA, SSL Encryption, Insurance, Multi-signature |
Services | Staking, Copy Trade, Earn, Launchpad, Wealth Management, Dual Investment, Demo Trading, Savings |
Customer Support Ways | Chat, Ticket, Help Center |
Customer Support Hours | 24/7 |
Fiat Deposit | Yes |
Affiliate Program | Yes |
Orders Execution | Market Order |
Native Token | BMX |
Restricted Countries | United States (certain states), China, Afghanistan, Congo, Iraq, Liberia, Zimbawe, Cuba, Iran, North Korea, Sudan, Syria; and Crimea region |
BitMart Exchange Pros and Cons
Every exchange has its strengths and weaknesses. Table below shows BitMart pros and cons:
Cons | Pros |
Mixed user reviews on trust sites | Wide selection of cryptocurrencies [1700+] |
History of a major security breach in 2021 | Competitive trading fees |
Limited customer support options | User-friendly interface for beginners |
Not available in all countries | NFT marketplace integration |
Unclear regulatory status in some jurisdictions | Advanced trading features |
- | User-friendly interface for beginners |
- | Multiple fiat payment options |
User Verification Levels
BitMart takes a tiered approach to user verification, and has 12 levels. BitMart User levels:
Level | Required Assets (USDT) | 30-days spot trading | Total BMX balance |
LV1 | < 200,000 | < 2,000,000 | < 20,000 |
LV2 | < 200,000 | < 2,000,000 | ≥ 20,000 |
LV3 | < 200,000 | < 2,000,000 | ≥ 50,000 |
LV4 | < 200,000 | < 2,000,000 | ≥ 100,000 |
LV5 | < 200,000 | < 2,000,000 | ≥ 200,000 |
LV6 | < 200,000 | < 2,000,000 | ≥ 300,000 |
LV7 | ≥ 200,000 | ≥ 2,000,000 | ≥ 400,000 |
LV8 | ≥ 300,000 | ≥ 5,000,000 | ≥ 500,000 |
LV9 | ≥ 500,000 | ≥ 10,000,000 | ≥ 600,000 |
LV10 | ≥ 1,000,000 | ≥ 20,000,000 | ≥ 700,000 |
LV11 | ≥ 2,000,000 | ≥ 30,000,000 | ≥ 800,000 |
LV12 | ≥ 5,000,000 | ≥ 50,000,000 | ≥ 900,000 |
BitMart Exchange Fees and Commissions
BitMart implements a tiered fee structure designed to reward active traders and incentivize holding its native token, BMX. The default maker and taker fees begin at 0.10% for Level 1 users, which is already competitive compared to the industry average.
As users increase their trading volume and BMX holdings, fees drop progressively across 12 user levels. At the highest tier (Level 12), maker and taker fees are reduced to just 0.04% and 0.045% respectively. Users who choose to pay fees using BMX tokens enjoy an additional 25% discount at every level — reducing Level 1 fees to just 0.075%. BitMart Fees Table:
Level | Maker/Taker | Maker/Taker (BMX 25% Deduction) |
LV1 | 0.1000% / 0.1000% | 0.0750% / 0.0750% |
LV2 | 0.0900% / 0.0950% | 0.0675% / 0.0713% |
LV3 | 0.0850% / 0.0900% | 0.0638% / 0.0675% |
LV4 | 0.0800% / 0.0800% | 0.0600% / 0.0600% |
LV5 | 0.0750% / 0.0800% | 0.0563% / 0.0600% |
LV6 | 0.0700% / 0.0750% | 0.0525% / 0.0563% |
LV7 | 0.0650% / 0.0700% | 0.0488% / 0.0525% |
LV8 | 0.0600% / 0.0650% | 0.0450% / 0.0488% |
LV9 | 0.0550% / 0.0600% | 0.0413% / 0.0450% |
LV10 | 0.0500% / 0.0550% | 0.0375% / 0.0413% |
LV11 | 0.0450% / 0.0500% | 0.0338% / 0.0375% |
LV12 | 0.0400% / 0.0450% | 0.0300% / 0.0338% |
Complete list of BitMart Exchange Supported Coins
BitMart offers access to one of the most extensive cryptocurrency selections among centralized exchanges, supporting over 1,700 digital assets. These range from large-cap coins such as Bitcoin (BTC) and Ethereum (ETH) to smaller-cap tokens, meme coins, and niche altcoins — all paired across more than 1,700 spot and perpetual markets.
- Bitcoin (BTC)
- Ethereum (ETH)
- Binance Coin (BNB)
- Cardano (ADA)
- Dogecoin (DOGE)
- Polkadot (DOT)
- Chainlink (LINK)
- Uniswap (UNI)
In addition to standard assets, BitMart is among the first centralized exchanges to support ordinal inscriptions via its dedicated Inscriptions Market. It currently lists nearly 50 tokens across protocols like BRC-20, ARC-20, ASC-20, and Ethscriptions — enabling users to trade permanently inscribed digital content on the Bitcoin blockchain and beyond.
Futures and Margin Trading
BitMart exchange, offers both futures and margin trading:
Futures Trading
- Offers up to 100x leverage on select pairs;
- Includes both USDT and Coin-M futures contracts;
- More than 300 coins available for futures trading.
Margin Trading
- Enables trading with borrowed funds;
- Includes Isolated and Cross margin;
- Offers up to 5x leverage on popular trading pairs.
How to register in BitMart exchange? Step-by-Step Guide
Getting started with BitMart is a really simple and can be done in 5 minutes. Here's a step-by-step guide:
#1 Open the Website
Visit the BitMart website and click on “Get Started”.
#2 Create Account
Create account by providing email and password in the fields below. Then, complete the Captcha.
#3 Verify Email
Enter the code that has sent to your mailbox.
#4 Verify Account (KYC)
To verify your account and start trading, go to the “Verification” section in the account menu; Then, click on “Verify Now” as a Level 1 – Starter. Choose your country and provide the information below:
- First Name
- Last Name
- Place of Birth
- Date of Birth
BitMart Exchange Platforms and Applications
BitMart launched its Proprietary app for android and iOS. BitMart App download:
Besides exclusive application, trading in BitMart Exchange is also available in Web Platform; which is a browser-based trading interface accessible from any device.
What are BitMart exchange Security and Safety Measures?
Despite these efforts, BitMart suffered a major security breach in 2021, during which approximately $196 million in crypto assets were stolen. The platform pledged full reimbursement to affected users and appears to have honored that commitment — an important note for evaluating BitMart’s post-incident accountability.
Since the breach, BitMart has tightened its internal controls and continued to collaborate with cybersecurity partners to enhance platform resilience.; BitMart Security:
- Cold Storage: The majority of user funds are kept in offline (cold) wallets;
- Two-Factor Authentication (2FA): Mandatory for all withdrawals and major account changes;
- Multi-signature: Security mechanism that requires multiple private keys to authorize a single transaction;
- SSL Encryption: All data transmitted to and from BitMart is encrypted;
- Insurance Fund: To cover potential losses in extreme circumstances.
Payment Methods
This exchange accepts more than 42 fiat currencies such as USD, EUR and GBP. Other BitMart Payment methods:
- Cryptocurrency
- Credit/Debit Cards (VISA and MasterCard)
- Bank Transfers
- PayPal
- Advcash Wallet
- Google Pay
- Apple Pay
Availability may vary depending on your location, and fees can differ between payment methods.
Trust scores
BitMart Trustpilot and other ratings are a mixed bag:
- Trustpilot: 3.2/5 stars from over 2900 reviews
- CryptoCompare: 55.59/100 based on various metrics
- CoinGecko: 8/10
Positive reviews often highlight, Wide range of available cryptocurrencies, User-friendly interface and Competitive fees. On the contrary, Negative reviews frequently mention Withdrawal issues, Customer support response times and Concerns about security.
BitMart exchange support
BitMart's customer support system is available 24/7 and is available via the methods below:
- Live Chat
- Ticket
- Help Center
While BitMart has made efforts to improve its support system, some users still report long wait times for complex issues.
BitMart Features
The exchange offers access to many features such as copy trading and crypto staking; Table below shows its features:
Features | Availability |
Staking | Yes |
Yield Farming | Yes |
Social Trading | No |
Liquidity Pool | Yes |
Gift Card | Yes |
Does BitMart offer copy trading?
BitMart copy trade is only available for Futures trading; Therefore, you are not able to copy spot trades. This feature enables users to replicate the strategies of high-performing traders with just a few clicks. While this hands-off approach can help reduce the learning curve, it’s worth noting that BitMart does not offer loss protection or compensation for underperforming trades.
BitMart's copy trade service shows top traders' statistics, 7-day returns, profit and loss, win rate, and AUM.
BitMart Exchange Restricted Countries
While BitMart is available in over 180 countries, it does have a list of restricted jurisdictions:
- United States (certain states)
- China
- Afghanistan
- Congo
- Iraq
- Liberia
- Zimbabwe
- Cuba
- Iran
- North Korea
- Sudan
- Syria
- Crimea
BitMart Comparison with Other Exchanges
Excited to use BitMart? Check out its detailed comparison with other crypto exchanges:
Parameters | BitMart Exchange | |||
Number of Assets | 1700+ | 1300+ | 1.200+ | 400+ |
Maximum Leverage | 100x | 100x | 100x | 125x |
Minimum Deposit | $5 | N/A | 0.0005 BTC | $1 |
Spot Maker Fee | From 0.1% | 0.005% - 0.1% | -0.005% - 0.1% | 0.02% - 0.1% |
Spot Taker Fee | From 0.1% | 0.015% - 0.1% | 0.025% - 0.1% | 0.04% - 0.1% |
Mandatory KYC | Yes | Yes | No | Yes |
Futures Trading | Yes | Yes | Yes | Yes |
Mobile Application | Yes | Yes | Yes | Yes |
Fiat Payment | Yes | Yes | Yes | Yes |
Staking | Yes | No | Yes | Yes |
Copy Trading | Yes | Yes | Yes | Yes |
Conclusion
BitMart offer 1700+ tradable assets, staking, copy trading, launchpad, wealth management and dual investments to over 9 million users worldwide. However, the there are doubts because of the cyber-attack in 2021.